Entertainment Network India Ltd has reported a 9.5% increase in Ebitda and a consolidated revenue of ₹117 crore. Radio contributed a significant 53% of the domestic revenue during the quarter. The digital revenue grew while the Ebitda loss for the digital sector narrowed compared to the previous year. Chief executive Yatish Mehrishi indicated efforts to reshape the company for improved profitability and new growth avenues.
Oil and data centre stocks sink after US midterms
Following the US midterm election outcomes, significant shifts have been noted, influencing both oil prices and Asian stock markets. This week, Brent crude futures plummeted