NDTV, India’s oldest English-language broadcaster still in existence, said it signed a deal with content promoter Taboola that can generate as much as Rs 750 cr or $100 mn for the company over the next ten years, provided NDTV is able to maintain its traffic growth. Taboola is famous for its paid recommendation engine that […]
Radhika and Prannoy Roy, the couple who started and continue to head India’s oldest dedicated news channel NDTV, have disputed findings by the stock market regulator that they engaged in insider trading and said they will appeal the regulator’s order. On Friday, Securities and Exchange Board of India had issued an order directing them to […]
Continuing the theme of TV news companies defying the trend of the COVID-19 pandemic pushing media firms into losses, NDTV reported a profitable quarter for the Apr-Jun period and said it has reversed the pay-cuts installed for most of its employees. This follows rival TV Today also bucking the trend and reporting a profit of […]
Suparna Singh, the former head of NDTV convergence who was appointed as NDTV CEO in December 2017, has resigned from the top job, the news broadcasting company said. “Ms Suparna Singh has informed the company that she will step down from her responsibilities as interim CEO with immediate effect,” the company said, without going into […]
Television broadcaster NDTV Ltd said it was selling part of its stake in Red Pixels Ventures Ltd, an online focused subsidiary, to pay rent and meet other working capital requirements. NDTV Ltd holds about 37.04% of the online-focused outfit. NDTV said its board has approved the transfer of “up to 7.38% stake of the company […]
NDTV said it has decided to fire up to 25% of its workforce over the next one month to focus more and more on its core news business. The fired employees are currently engaged with the company’s non-core operations. “As intimated earlier to the exchanges, NDTV Group had initiated a turnaround plan to bring down […]
India’s oldest English television news broadcaster NDTV officially denied that it has been sold to Ajay Singh, the promoter of SpiceJet. “We wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person,” NDTV Ltd said in an official […]
The National Stock Exchange has again sought a clarification from NDTV after the Indian Express reported that SpiceJet promoter Ajay Singh was now the biggest shareholder in the media company. UPDATE: NDTV has denied the rumors. According to the newspaper, Singh has acquired a 60% stake in the media company, restricting existing promoters led by […]
Shares of New Delhi Television Ltd spiked another 10% today to Rs 62.40, prompting the BSE to write to the company to seek clarification on any undisclosed development. With this, the total gain in NDTV shares in the last four days is 76%. The company, however, said it was not aware of any development that […]
NDTV, the oldest television news channel in India, was forced to withdraw a headline that portrayed gang violence in Dhule in Maharashtra as yet another case of ‘lynching’ in India after readers objected. Many commenters felt that the channel, which has been attempting to project itself as ‘Liberal’ outfit standing up to a ‘right wing’ […]
The Press Trust of India reported that the government of India has put on hold its earlier directive to take news channel NDTV India off-air for one day. Quoting unnamed sources, the news agency said the Information & Broadcasting ministry decided to put the move on hold. The move had been roundly condemned by media […]
NDTV has closed funding for a new platform that will sell healthy foods and personal care products from across the country through its subsidiary- Smartcooky Internet Limited. Smartcooky.com is based on NDTV’s current food site — food.ndtv.com which has “almost 3 million unique visitors a month.” SmartCooky Internet Limited, has raised funds at a valuation […]
In a novel gesture, NDTV, one of India’s biggest broadcasting firms, issued a detailed question-and-answer feature to counter what it called “media reports being circulated on various forums” about an alleged funding scam. The company has been asked by the government why a fine of Rs 2,030 cr ($300 mln) should not be imposed for […]
Broadcasting group NDTV said that the show-cause notice from the government on alleged foreign exchange violations conducted by the company are legally untenable and liable to be challenged. “Company has been advised that none of the violations alleged in the show cause notice are legally tenable and the Company is in the process of challenging […]
NDTV said it, along with some of its officebearers, have got a notice from the Enforcement Directorate asking why it should not be subjected to penalties for violating foreign exchange rules. “The Company along with Prannoy Roy, Executive Co-Chairperson, Radhika Roy, Executive Co-chairperson, K.V.L. Narayan Rao, Executive Vice Chairperson and NDTV Studios Ltd have on […]
NDTV has finally announced that it has raised an unspecified amount of money by selling stake in its NDTV Gadgets portal. The investments have been made after valuing the unit at $50 mln (around Rs 325 cr). Interestingly, that amount is close to almost half of the value of the parent firm’s shares — which […]
NDTV, one of India’s biggest TV groups, has signed term sheets with unnamed investors under which they would explore the possibility of supporting NDTV’s entry into the ecommerce sector, the company said. “The Company and NDTV Convergence Limited, a subsidiary of the Company, have signed preliminary, non-binding term sheets with certain potential investors for e-commerce […]
