The big surprise in the annual Federation of Indian Chambers of and Industry (FICCI)-EY report released this week is not the growth of digital. It is the 4 per cent revenue growth in print (largely newspapers) in 2023 over 2022. The report expects print to continue to expand at a compound annual growth rate of 3.4 per cent till 2026.
This is the first time in five years that newspapers have grown both advertising and pay revenues. That should not be so surprising. There are reams of full-page ads across India. TAM Adex data shows that advertising volumes and value have risen over their pre-pandemic levels (see charts).
On the ground, too, some of the largest newspaper publishers are having a good year. DB Corp has just had its 10th straight quarter of growth in revenues and profits. The publishers of Dainik Bhaskar (Hindi), Divya Bhaskar (Gujarati) and Divya Marathi among other brands made a net profit of â¹169 crore in the financial year (FY) ending March 2023. In the first nine months of FY24, DB Corp had already crossed this figure to hit â¹303 crore in net profit. It should finish the financial year at twice the FY23 number, say analysts. The Malayala Manorama Company more than doubled its net profit to â¹81 crore. Other publishers are set for a nice growth in net profits in the year ending March 2024.
The reasons? "Newsprint prices have fallen to $500 a tonne (in the last quarter) and cover prices (across newspapers) have increased,"says Girish Agarwal, non-executive director, DB Corp. Newsprint forms 45-50 per cent of the total cost of publishing a paper.
ãã®èšäºã¯ Business Standard ã® March 07, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ Business Standard ã® March 07, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Indians prefer credit over debit card for high-value payments
In June 2024, India saw a significant increase in the number of credit, debit, and prepaid cards, reaching a total of 1.451 billion cardsâan 11 per cent jump from the previous year, according to the India Digital Payments report for the first half of 2024 (January to June) by payment technology service provider Worldline.
An Indian anthropologist ahead of her time
Urmilla Deshpande set out to work on a novel about an Indian woman in Germany in the 1920s based on her grandmother Irawati Karve when she stumbled on the opportunity to write her biography.
IAF plane makes inaugural landing at upcoming Navi Mumbai airport
An Airbus C-295 of the Indian Air Force (IAF) touched down at Navi Mumbai International Airport (NMIAL) on Friday, marking the formal inaugural flight landing at the place. A Sukhoi SU-30 fighter jet did a low fly-by at the airport to test the 3.7-km long runway in the presence of Maharashtra Chief Minister Eknath Shinde, his deputy Devendra Fadnavis and Murlidhar Mohol, Minister of State for Civil Aviation and Co-operation.
Less than 33% of youth can search Net, transact online
Less than a third of those in the 15-29 age group can \"search the internet; send or receive an email and perform an online transaction\", show the findings from the latest Comprehensive Annual Modular Survey (CAMS), released by National Statistical Office (NSO) this week.
TCS shares dip as analysts offer mixed outlook
IT sector is expected to grow considerably from Q4 FY25 onwards
NSE retains Nifty 50 for weekly contracts
The National Stock Exchange (NSE) has opted for the Nifty 50 index for issuing weekly option contracts following the Securities Exchange Board of India (Sebi's) one-exchange-one-benchmark mandate.
Compare lenders' costs; higher rates can offset benefits of offers
Footfall, enquiries, and bookings at car dealerships are rising, driven by attractive offers and promotions. These special deals typically start in October and run until the New Year.
Noel's appointment as Tata Trusts' chair signals continuity: Analysts
It will be business as usual for Tata group stocks post Noel Naval Tata's appointment as chair of Tata Trusts, said analysts. They added that the development will signal continuity.
Sebi intervenes in â¹45cr Trafiksol IPO irregularity
To undertake detailed examination into disclosures by the firm
India-focused funds log first weekly redemption in 19 mths
China resurgence, expensive valuation dim India appeal; midcap funds see 14th week of outflows