Industry - Indian Broadcasting World

Adani group gains full control of NDTV; Roys, 4 others resign

Adani group has gained full control of news broadcaster NDTV after it acquired most of the stake of founders, Prannoy Roy and Radhika Roy, at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm.

The Adani Grou...

Adani finalises takeover of broadcaster NDTV

Indian tycoon Gautam Adani on Friday secured a majority stake in leading news broadcaster NDTV, finalising a hostile takeover that has sparked press freedom fears in the world's biggest democracy. Adani, 60, is the world's third-richest person, with an estimated net worth of $130 billion and interests rangi...

Govt. brings online games under Meity; defines it as multi-sports event

The Indian government has made changes in its rulebook that bring online gaming activities under the direct purview of the Ministry of Electronics and Information Technology (Meity), possibly for policy-making activities.

The changes also, in a...

Partha Sinha wins IIT-Kharagpur Distinguished Alumnus award

Partha Sinha, President at the Times of India group and the President of the Ad Club, has been conferred the prestigious Distinguished Alumnus Award by IIT Kharagpur.

The award was given out during the 68th convocation of Indian Institute of Te...

MX Player’s Senior VP Mansi Shrivastav passes away

Mansi Shrivastav, Senior Vice President of Content, Alliances, and Syndication at MX Player, has passed away on December 25. Shrivastav previously worked for Romedy Now, Zoom, and the Times of Indi...

NDTV’s Roys to sell remaining majority holding to Adani group

NDTV founders Prannoy Roy and his wife Radhika Roy on Friday said they will sell 27.26 per cent out of their remaining 32.26 per cent shareholding in the news broadcaster to Adani Group, which would take the total holding of the latter to over 60 percent.

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!