NDTV Profit TV channel to get back on air from Dec 8

The board of New Delhi Television through a circular dated November 28 approved to restart regular operations of NDTV Profit television channel from December 8, 2023, New Delhi Television (NDTV) said in a stock exchange filing.

“We wish to inform you that the Board of Directors of the Company vide circular resolution dated November 28, 2023 has granted approval to re-commence the regular operations of NDTV Profit channel w.e.f. December 8, 2023,” the regulatory filing stated.

According to a report in the Economic Times yesterday evening, NDTV on June 1, 2017, had informed its shareholders of the temporary discontinuation of regular business programming on the business news channel, NDTV Profit.

“NDTV does not rule out reviving a business channel when the circumstances are appropriate,” the ET report quoted the then press release issued by NDTV.

Billionaire Gautam Adani-led Adani Group last year announced the acquisition of a 27.26 percent equity stake in NDTV from founders Prannoy Roy and Radhika Roy. The acquisition was completed on December 30, 2022, on the block deal window of the NSE. It now owns a 64.71 percent stake in the TV news company.

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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!

Ashok Mansukhani, Corporate Law and Media Law Advocate at Ashokmansukhani Associates

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NDTV Profit TV channel to get back on air from Dec 8

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