Network18 Media & Investments Ltd reported a consolidated net loss of Rs 29.09 crore for the March quarter, with revenue from operations at Rs 561.32 crore. The results are incomparable to the previous year due to Viacom18’s merger with Star India. Despite a challenging advertising environment, the news business demonstrated resilience, driven by its leading market position.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.