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.
The Centre has asked BSNL to study the feasibility of setting up country's fourth\nsubmarine cable landing station on the eastern coast of Haldia, West Bengal.
India's unilateral offer was again relayed by the then Foreign Secretary Shiv Shankar Menon in his meeting with the Special US Representative for Afghanistan and Pakistan Richard Holbrooke on February 16, 2009 in New Delhi, wherein the latter praised India's developmental role in Afghanistan.
The way video is being watched and monetised is changing. This is the first thing that stands out as the penetration of smart TVs continues to rise.
Cable operators issued a 48-hour ultimatum to authorities to lift the ban on four Pak channels -- Geo, ARY, PTV and Aaj -- or they would suspend their operation in the Valley. The authorities said the ban order was issued on the directions from the Ministry of Information and Broadcasting. The cable operators, in retaliation, stopped airing Indian or foreign channel, including sports channels.
Unveiled by whistle-blower website WikiLeaks, four thousand diplomatic cables from the United States embassy in New Delhi reveal a difficult but increasingly warm relationship between India, an emerging power anxious about its security despite its size and increasing wealth, and the US, a superpower that is keen to be friends but very much on its own terms.
Airtel says to avail alternative routes to keep services on.
A Pakistani news agency at the centre of controversy over a report based on fake US diplomatic cables containing crude anti-India propaganda has sacked an editor for "fabricating a false story."
BPO and IT services across India remained largely unaffected.
Tokyo -- the songs Japan, Love In Tokyo and Sayonara from the 1966 Hindi film automatically pop up in the mind -- is buzzing and crowded like any other metropolis, discovers Deepa Gahlot. The modern apartment blocks are built cheek by jowl, so close together that one can open the window and borrow sugar from the neighbour in the next building. One of the fears of the Indian traveller is the unavailability of vegetarian food. Every city and town in Japan has an array of Indian restaurants that serve every variety of cuisine, right from Gujarati to Punjabi to Andhra and Kerala meals.
A cable operator was shot at and killed by unidentified militants inside his house in north Kashmir's apple-rich Sopore town on Friday night.
We couldn't believe our eyes for a moment! Can you?
In his post, Gandhi urged people to elect the Congress and said, "Rajasthan will choose free treatment. Rajasthan will choose cheaper gas cylinder. Rajasthan will choose interest-free agricultural loan. Rajasthan will choose English education. Rajasthan will choose OPS. Rajasthan will choose caste census."
Facing a growing threat from direct-to-home service providers, which are fast acquiring subscribers in non-conditional access system areas, the cable industry wants the implementation of the system in all the areas of Delhi, Mumbai and Kolkata.
Broadcast regulator TRAI on Friday came out with a consultation paper on the need for having separate tariffs for commercial cable subscribers like hotels, guest houses, offices and hospitals
The lackadaisical approach on part of the management of Oreva company resulting in "one of the most severe and tragic human calamities" cannot be countenanced, the SIT said.
Social media giant Meta Platforms and Bharti Airtel on Monday announced a collaboration to jointly invest in telecom infrastructure to cater to the rising demand of high speed data and digital services in India. The announcement comes on the back of telecom operators' demand to share revenue with service providers to build networks. "Airtel and Meta will jointly invest in global connectivity infrastructure and CPaaS (communications platform as a service) based new-age digital solutions to support the emerging requirements of customers and enterprises in India," the statement said.
Put simply, this means the expectation of big cuts or internationally competitive prices in India is out of place.
The CEOs have been discussing a collaboration for some time, according to two people with knowledge of the situation.
The cable operators on Saturday announced that they would provide all channels, including the pay and free to air channels, to consumers at Rs 222 in the Conditional Access System regime, being introduced in the four metros on July 15.
After dominating the Indian mobile telephone market, Bharti Airtel is all set to launch 3-in-1 services - phone, internet and cable TV - across 90 cities to its fixed-line customers.
Consumers in New Delhi, Mumbai, Kolkata and Chennai may have to shell out up to 50 per cent higher monthly cable bills in the second phase of the roll out of the conditional access system
'Subjecting each such creative content to scrutiny will impose burdens on the OTT platforms and impact user experience.'
Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.
China with a growth rate of 25 per cent and India at 18 per cent, are among the fastest growing markets fueling the boom in entertainment
The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week. As a result, Gautam Adani's family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India's wealthiest promoter.
Rediff.com brings you for the second in the series of leaked Wiki cables, which point towards some startling revelations.
Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. "India's transportation infrastructure sector is in high gear, and we enjoy a sizable share of it," said S V Desai, whole time director and senior executive vice president (Civil Infrastructure) for Larsen & Toubro.
Analysts have given a thumbs up to the Reliance Industries (RIL) and Walt Disney Co. (Disney) proposed a joint venture (JV). The stock of the Mukesh Ambani-controlled company gained nearly 1.5 per cent on Thursday to Rs 2,952 levels as compared to the S&P BSE Sensex that traded marginally weak, down 0.2 per cent to 72,172 levels in intra-day trades.
Ambika Soni, the new I&B minister, called for a full-presentation on Tuesday on both these issues from senior I&B officials, a day after she took charge of the ministry.
Six major multi-system operators on Wednesday resented any move to scrap conditional access system in favour of - TRAP - a new system saying it was being promoted by vested parties both broadcasters and telecom operators.
While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.
The Border Roads Organisation is due to commission a cable stayed bridge, over river Ravi in Basholi area of Jammu and Kashmir next year.
Three major undersea cables -- the Sea Me We 4, Sea Me We3, and FLAG -- were cut, considerably slowing down India's internet and voice traffic. The extent of the damage is still being assessed.
In the run-up to the 2024 Lok Sabha elections, political parties are extensively using social media to propagate their achievements and seek support from voters.
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