Media firm New Delhi Television (NDTV) today said Malaysia-based Astro All Asia Networks will acquire 49 per cent stake for $40 million (about Rs 182 crore) in its lifestyle subsidiary NDTV Lifestyle.
The deal is for $55 million (around Rs 260 crore) and is expected to be completed by the end of the first quarter of 2010. NDTV Group would retain a 31 per cent stake in the joint venture.
New Delhi Television (NDTV) and an overseas subsidiary of NDTV have signed a memorandum of agreement with NBC Universal Inc and a subsidiary of NBCU for divesting 26% stake in an overseas subsidiary for $150 million.
NDTV will launch city channels focused on Mumbai, Kolkata, Bangalore and Chennai, under the brand NDTV MetroNation, similar to the channel launched in New Delhi, Chief Executive K V L Narayan Rao said.
Turner International is close to acquiring a controlling stake in entertainment company NDTV Imagine, which runs three entertainment channels.
Armed with funds, the news broadcaster will soon make its debut in the entertainment and lifestyle genres.
'Sushant Singh Rajput threw Rhea Chakraborty out of his house six days before he died.'
NDTV will become a full time infotainment and entertainment channel
'aris can be boiling hot in July. The choice of viscose over cotton was deliberate. Cotton would have crushed badly. We used viscose because it is a wood pulp fibre and lets you breathe. It is cooler than silk. We had to consider breathability because the athletes would be on a barge, in the heat, for up to five hours.'
A separate feed of UTV Movies, tailored for the US market, is being beamed out of India and is being delivered through BT's network, BT said. The communications solutions provider has signed a similar contract with NDTV for distributing its business and lifestyle channels -- NDTV Profit and NDTV Good Times.
Set up by three former NDTV executives, the company is targeting premium restaurants in Delhi-NCR
The ED has received documents from almost all banks that lent money to KFA.
The media and social media are abuzz about the no-frills style of Goa Chief Minister Manohar Parrikar and Delhi's to-be-CM Arvind Kejriwal, both very unusual politicians in today's India. But India has not seen a chief minister like Nripen Chakraborty whose spartan lifestyle and frugal habits were the subject of legend.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
Rachit Hirani crisscrossed 1600 kilometres through Switzerland's mesmerising landscape in 10 days and he cant stop gushing about it...
