The Delhi high court on Monday refused to quash an Enforcement Directorate money laundering case against media baron Raghav Bahl, saying the plea was "premature".
The dispute involves a UK-based hedge fund, Altima Partners, and the company's principal promoter Raghav Bahl, founder and largest shareholder of Network18, the broadcasting group which runs TV channels such as CNBC-TV18, Colors and Awaaz.
The Delhi high court on Monday granted "last opportunity" to the Enforcement Directorate to respond to a petition by media baron Raghav Bahl to quash a money laundering case against him, but refused to pass an order staying the investigation at this stage.
Network 18, the holding company of TV18, has dropped plans for an initial public offer but promoter Raghav Bahl
Searches are being conducted in connection with a case of alleged tax evasion.
For some, he is a visionary who grew his one-channel firm into a media giant by the sheer dint of his courage; for others, he is a compulsive risk-taker.
More people from the content side should be running the business of media if the industry has to grow, Bloomberg's Parry Ravindranathan tells Vanita Kohli-Khandekar.
In the digital handheld domain, content is not just a uni-dimensional exercise like it is in legacy media.
Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.
Network18 founder Raghav Bahl says RIL was not instrumental in top level exits at the media firm.
For more than a hundred years, media companies have been started and owned by corporates, in the US, Europe and in India as well.
Though, RIL did not mention reasons for acquiring Network18, industry watchers have been active in analysing reasons for the takeover.
Interview with President & CEO, Viacom International.
The two bodies have been fighting a running battle over the targets for construction of highways.
Here's some details about the wedding preparations as well.
The aggrieved shareholders, who have come together under the banner of The Indian Film Company Requisition Group, has said in a fresh communication to IFC that they were legally entitled to get access to the share register. A copy of the communication was provided by Bankside Consultants, the PR agency representing IFCRG.
It seems inevitable, therefore, that the 47-year-old son of an IAS officer, an alumnus of Delhi University's business school and St Stephen's College, should be recognised as the country's most exciting first-generation media entrepreneur, one who is set to challenge more established players. Recognition in the form of Ernst & Young's award for being the best entrepreneur in the services category this year has been the icing on the cake in a year of dramatic action.
TV 18 is all set to announce its next partnership with premium niche channels.
Raghav Bahl, MD of TV18 Group, said the production, distribution and other labels will get transferred to the JV.
Network 18, the holding company of TV 18, Global News Broadcast, Web 18 and Studio 18, is investing $10 million in a new entertainment company -- The Indian Film Company, to be listed on the Alternative Investment Market of the London Stock Exchange.
Raghav Bahl-promoted media company Television Eighteen Group is paying over Rs 340 crore to buy out the rights of films in two of Bollywood's biggest movie deals.
Indian financial news provider TV18 said on Thursday that CNBC Asia Pacific may take a stake in the company or one of its units under new Indian rules on news channel foreign ownership.
Network18 founder Raghav Bahl is all set to launch his new venture.
'Many already toe the line, those on the fence will be nudged to stand with the government even more, those who are critical will face trouble soon.'
'Today, the State is permanently going after politicians, but also civil society, academics and all those it is threatened by or irritated with.'
Demerging print and TV news businesses will allow for separate investment by interested players.
'The Modi government did not deny it had acquired the NSO platform, and did not deny it was spying on its citizens by hacking into their phones,' says Aakar Patel.
Billionaire industrialist Mukesh Ambani has turned a venture capitalist and is backing a new television channel Epic TV due to go on air next month.
Recounts challenges faced in setting up various channels, hopes new management will always put journalism first.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
With Mukesh Ambani taking over Network 18, the space for disseminating a diverse range of views could shrink, feels Paranjoy Guha Thakurta.
If the deal is indeed being considered, this will be the first time that Ambani will be putting his money in a print media venture since he and his younger brother, Anil Ambani, split businesses to form their own groups
In the decade since Biyani revolutionised retailing in India, he has attempted a number of things, eventually exiting a few of them.
RIL says Sebi has not asked for revision of offer price, expecting clearance soon.
Prime Minister-designate Narendra Modi can and will downsize the government, and the Union Cabinet could be cut by half its present size, Bharatiya Janata Party leader and former Union minister Arun Shourie reveals as explains what could be the new PM's masterplan ahead of Cabinet formation in an exclusive interview to CNN IBN.
RIL has completed Network 18s open offer after four months of acquiring the latter.
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