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.
'The deal pipeline across products is robust for 2024.'
Television Eighteen India Ltd on Monday said it will launch Hindi and English language general news channels and will raise Rs 55 crore (Rs 550 million) for the purpose through conversion of warrants.
'His track record in the market has been spotless and untainted.' 'That is why he had such great fan following among investors.'
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
BCCI president Sourav Ganguly, who also holds the post of director at ATK Mohun Bagan, has decided to step down from the position in the Indian Super League franchise to avoid any potential conflict of interest.
'Think of the poorest retail investor before you decide to go for an IPO'
Only 80.6 per cent of the Rs 6-trillion allocation has been spent by February, data from the Controller General of Accounts shows.
Three firms, Vishvapradhan Commercial Pvt Ltd along with AMG Media Networks and Adani Enterprises Ltd, have offered a price of Rs 294 for the acquisition of up to 1,67,62,530 fully paid-up equity shares of NDTV having a face value of Rs 4 from the public shareholders.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
Thanks to a continued rise in the market capitalisation of the Adani Group companies, its promoter Gautam Adani is now the second richest Asian and fourteenth richest businessman in the world with a networth of $66.5 billion. Reliance Industries promoter Mukesh Ambani remains the wealthiest businessman in Asia with a networth of around $76.5 billion, according to Bloomberg data. The six Adani Group companies had combined market capitalisation of Rs 8.36 trillion as on Thursday, against Reliance Industries' market capitalisation of Rs 12.6 trillion. Adani Green tops the charts in the group with m-cap with Rs 1.99 trillion.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
RIL has also appointed McKinsey senior advisor Adil Zainulbhai as independent director and Network 18 Media & Investments (NW18) former promoter Raghav Bhel as a non-executive director on the NW18 Board.
In the biggest ever deal in the Indian media sector, RIL will acquire control in Network 18 Media & Investments Ltd, including its subsidiary TV18 Broadcast Ltd.
From Network18 perspective, this helps reduce dependence on ads and helps especially in times of slower GDP growth.
The Network18 stock is down 4.2 per cent after the declaration of results to Rs 49.50 currently.
The tax portal problem is a goof-up by both sides, and making Infosys the only villain in the story is quite unfair, argues Shyamal Majumdar.
RIL has completed Network 18s open offer after four months of acquiring the latter.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
SII said it will address the limited capacity by scaling up the vaccine production over the next two months.
Speaking at CNBC TV 18's business leadership awards event, Sitharaman made it clear that she was not expecting a jump in the number either.
Recovery of the Indian economy depends to a great extent on acceleration in the spending of these relatively richer households, explains Mahesh Vyas.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
This would impact Vento, Jetta and Passat sedan cars, Polo hatchback and Polo Cross crossover in India.
RIL says Sebi has not asked for revision of offer price, expecting clearance soon.
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
Business channel CNBC-TV18 has released its list of B-school rankings. Find out what school stands where right here!
TV 18 India Ltd on Thursday said its group company, Global Broadcast News and Turner International have entered into a partnership for its soon to be launched 24-hour news channel in India.
Network 18, the holding company of TV18, has dropped plans for an initial public offer but promoter Raghav Bahl
The market is a bit sluggish, but I would remain invested.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Apart from a stake buy, some other options on the table include a merger of the entertainment businesses of Sony and Network18 Media.
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
CNBC-TV18 News reports that it has been able to confirm that the insurance giant is firmly backing Tata Sons. There is thus no possibility that the insurer will exit the group.
In terms of market capitalisation, Zee alone has a market cap of Rs 24,000 crore compared to Rs 15,000 crore of the merged Reliance entity.
The STAR India-Bennet, Coleman & Company (BCCL) combine, Subhash Chandra's Essel Group and TV 18's HomeShopping 18 are among those who will air home shopping channels in the next couple of months.
Paytm will not be available for download now but there will be no impact on existing users of the app. 'The app was blocked for violation of play policies - a clarification of our policy was released earlier today ahead of the IPL (Indian Premier League) tournament,' Google said in an e-mailed response on Friday.
TV 18 is all set to announce its next partnership with premium niche channels.
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