Cable Industry

Industrial wire maker Paramount Cables has reported a 4 per cent rise in its consolidated profit after tax to Rs 20.33 crore during the quarter ended September on account of higher income. It had posted Rs 19.48 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in an exchange filing. During the second quarter, the company's total income also rose to Rs 358.17 crore from Rs 254.32 crore a year ago, a 40 per cent rise. Paramount Cables manufactures multi-core cables, low and high-voltage cables, and extra-high-voltage cables for industrial applications.

Multi-Service Operators (MSOs) in the cable television industry have begun implementing tariff hikes ranging between 5-10 per cent from October 1, following a rise in broadcaster tariffs that started in August, according to industry officials. Leading operator Siti Cable has already rolled out the hike, effective from October 1, while other MSOs are either in the process of implementing the increase in a month and actively deliberating over how best to minimise the impact on subscribers. The goal is to absorb a significant portion of the broadcaster-led increase while passing on only a fraction to consumers. "We have not yet raised our tariffs, but it has become inevitable. We've been absorbing increased costs for the past two months, but we can no longer sustain it. On average, we will raise tariffs by 5-6 per cent, though other broadcasters have hiked rates by more than 10 per cent, and in some cases, by as much as 20 per cent," Meghbela Broadband Co-founder Tapabrata Mukherjee to

Wires manufacturer Paramount Cables has reported a 54 per cent rise in its consolidated net profit at Rs 22.03 crore in the December quarter of the current fiscal, boosted by higher income. It had posted a net profit of Rs 14.32 crore during the October-December quarter in the preceding financial year, the company said in an exchange filing on Saturday. The company's total income rose to Rs 285.83 crore, up 29 per cent from Rs 221.99 crore in the year-ago period. It's expenses stood at Rs 263.77 crore as against Rs 207.68 crore year on year. Paramount Cables manufactures multi-core cables, low and high-voltage cables, besides extra-high-voltage cables for industrial applications.

Both companies have struggled as consumers have canceled cable-TV subscriptions in favor of a new generation of streaming services

In a bid to boost investor confidence, the government on Thursday notified amendments to the Cable Television Networks Rules that provide the operational mechanism for implementation of the decriminalised provisions of the Cable Television Networks (Regulation) Act. Section 16 of the Cable Television Networks (Regulation) Act, 1995 dealt with the punishment for contraventions under any of its provisions. This section had provision for imprisonment, which might extend up to two years in case of the first instance and five years for every subsequent offence. The imprisonment provisions have been now replaced with a monetary penalty and other non-monetary measures like advisory, warning and censure, an official statement said. These measures will be enforced through the designated officer defined in the rules notified on Thursday. Moreover, Section 16 now introduces an appeal mechanism against the order made by the designated officer. The punishments specified under Section 16 of the

The company's shares rose as much as 3.6% to hit a record high of 4,055 rupees after the results

Two categories of CLS recommended for easing the setting up of facilities

This had triggered the spat between cable operators and broadcasters, with the former saying that the channel price hike would be exorbitant, while the latter saying it was not more than 5-15%

Domestic cable and wire industry has urged the government to introduce strict laws to discourage the use of counterfeit electrical products by real estate developers. In the last decade, deaths due to electrocution have increased in the country. During a fire outbreak, smoke inhalation kills more people than the fire itself, R R Kabel Managing Director Shreegopal Kabra told reporters here on Wednesday. Counterfeit products are a growing concern in India. There is a need to introduce legislation to take stringent action against the use of counterfeit wires and cables or substandard quality wires by real estate developers, Kabra said. Elmex Group Managing Director Vipul Ray said electrical fire safety plays a critical role in any structure, be it an educational institution, a hospital, or a public space. As per a report, 35 people were killed on average due to fire mishaps in the last five years in India. "This happens when product quality is compromised. It is high time, policymaker

Finolex Cables said that the Union budget 2023 direct benefits to various segment of the company

Margins expected to bottom out; brokerages prefer category leaders

Telecom regulator Trai has initiated a discussion on licensing framework and regulatory mechanism for submarine cable landing in India. Telecom Regulatory Authority of India (Trai) said the department of telecommunications approached it sharing its concern over some Indian International Long Distance Operators (ILDOs) for not having any stake in submarine cable system, yet seeking clearance on behalf of the owners of submarine cable for laying or maintaining such cables in Indian territorial water or exclusive economics zones and also for applying to set up of Cable Landing Station (CLS) for such submarine cables. Submarine cables are "vital communication infrastructure" of the digital age and "critical" to the today's fast-paced data driven economy, Trai said floating the consultation paper titled 'Licensing Framework and Regulatory Mechanism for Submarine Cable Landing in India'. "DoT has sought recommendations of Trai on licensing framework and regulatory mechanism for submarine

World's longest subsea cable system aims to provide faster internet to almost 3 billion people

Government on Tuesday asked multi-system operators (MSO) to get themselves registered with the Ministry of Information and Broadcasting within the next 10 days, failing which its permissions could be revoked. The Ministry of Information and Broadcasting (MIB) had asked MSOs in May to furnish information regarding head-end locations, Conditional Access System, Transport Stream/Frequency detail, RF Feed details, Platform Service details, CTAV Signal distribution areas. STB Seeding details etc. to state-owned Broadcast Engineering Consultants India Ltd (BECIL) officials or teams for monitoring system. The MSOs were asked to furnish the details on the website - digitalindiamib.com -created for this purpose. "It has come to the notice of the Ministry that some of the MSOs are yet to get registered and furnish the information on the portal," the MIB said in the order. Invoking powers under Rule 10A of the Cable Television Network Rules 1994, the ministry asked all MSOs to get themselves

Price band set at Rs 197-207 a share; retail portion sold 8.7x

The Rs 500-crore initial share-sale of DCX Systems, manufacturer of cables and wire harness assemblies, will open for public subscription on October 31. The three-day Initial Public Offering (IPO) would close on November 2, according to the Red Herring Prospectus (RHP). The company has cut the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier. Apart from fresh issue, the IPO comprises an offer for sale of equity shares to the tune of up to Rs 100 crore by promoters -- NCBG Holdings Inc and VNG Technology. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes. The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in

"Through SEA-ME-WE-6, Airtel will add a significant amount of 100 TBps capacity to its global network," the statement said

What explains the stagnation of the cable TV industry in India?

The lure of better quality made people choose DTH and streaming services over wired cables in recent years. What is the status of the cable industry and what is its future outlook? Let's find out

The decline in cable owes as much to a greedy ecosystem where no one invested in the technology as it does to a regulator that believes that price control is the only lever to use

The Centre has amended the Cable Television Network Rules to provide for a three-layer statutory mechanism for the redressal of complaints relating to content broadcast by television channels. The Information and Broadcasting (I&B) Ministry notified the Cable Television Networks (Amendment) Rules, 2021 in an official gazette on Thursday. "The @MIB_India has by amending the Cable Television Network Rules, 1994, developed a statutory mechanism to redress citizens' grievances & complaints against programmes of TV Channels. The @MIB_India has also decided to recognize Statutory Bodies of TV channels under CTN Rules," Information and Broadcasting Minister Prakash Javadekar said in a tweet. In a statement, the ministry said the Cable Television Network Rules have been amended to provide for a transparent statutory mechanism that would benefit the citizens. "At the same time, self-regulating bodies of broadcasters would be registered with the central government," it said. The amended