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DoT returns bank guarantees worth ₹23,000cr to Vi, Airtel

The Department of Telecommunication has returned bank guarantees worth ₹23,000crores to Vodafone Idea and Bharti Airtel. The move comes as a major relief to debt-laden Vodafone Idea which will get ₹15,000crores back. On Thursday, the DoT submitted an affidavit to the

Tencent to shut online gaming biz following Beijing crackdown

Chinese social media and gaming giant Tencent Holdings will shut down its Penguin Esports unit by early-June, it said on Thursday, as it streamlines its businesses following a regulatory crackdown.

The company said on its official WeChat account that the

AVIA OTT Summit ends with much optimism for Asian growth

The Hong Kong and Singapore-based Asia Video Industry Association (AVIA) recently hosted over 850 delegates and featured over 80 industry leaders at the recent OTT Summit, with conversations revolving around subjects of growth, subscriber and revenue growth, increased local content investment, and an intense focus on...

Investment firm Invesco to cut holding in Zee to 11%

US investment firm Invesco is set to cut its holding in Zee Entertainment by more than a third to 11 percent, it said on Wednesday, days after abandoning an attempt to shake up the management at the Indian media company.

Invesco, which currently owns 18 percent of Zee

ZEEL appoints Rahul Madanan as director of marketing

Zee Entertainment Enterprises Limited, ZEEL has roped in Rahul Madanan as director of marketing, according to his LinkedIn post. In his new role, he will be based out of Kerala and oversee brand strategy, management, and show launch marketing for the Malayalam TV business – Zee Keralam, across ATL/BTL/...

ABP Asmita’s ‘Hun to Bolish’ celebrates consecutive 365 episodes

India’s fastest-growing Gujarati news channel, ABP Asmita's superhit primetime show ‘Hun to Bolish’ on Tuesday completed its first year. It also marks the show’s consecutive 365 episodes. Hosted by ABP Asmita’s editorial head Ronak Patel, the show features regular episodes on ‘big issues of the day,’ delivering innovative and current

EXCLUSIVE PHOTOS

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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!