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Tag: BQ Prime

  • Adani Group acquires IANS after NDTV, BQ Prime

    Adani Group acquires IANS after NDTV, BQ Prime

    Mumbai: Adani Group acquired the IANS wired news service agency as reported by PTI. Adani subsidiary AMG Media Network has taken control by purchasing a 50.5 per cent stake in IANS. Infrastructure conglomerate Adani Group now shifted its focus on Adani’s venture into the media business strategically. AMG Media Network subsidiary of Adani Group garnered a new feather in its cap after acquiring NDTV, a Quintillion Business news network (BQ Prime).

    As per regulatory filings, the Adani group acquired a stake of equity shares with an agreement with IANS and its shareholder Sandeep Bamzai. IANS (Indo-Asian News Service) is a network-wired news agency in India, South Asia, Africa, and North America. In the last decade, IANS shifted focus to the Indian news verticals.

    As filing mentioned , AMG media shareholders had signed an agreement with Sandeep Bamzai and IANS. In the financial year 2023, IANS had a turnover of around 11.86 crores. Despite the loss of 100 billion dollars due to short selling, the Hindenburg report stated irregularities in Adani’s financial irregularities.

    According to filings company management and control will be managed by AMG. Along with the right to appoint a board of directors. Allegedly IANS faced financial difficulty for day-to-day functioning. IANS media agency has more than 200 employees headquartered in New Delhi.

    Over the years Adani Group has diversified its portfolio into producing coal, energy distribution, mining, ports infrastructure, data centers, and more recently into cement and copper and now into media. The acquisition amount of IANS is not disclosed.

  • The New NDTV Profit is here to break the business news clutter

    The New NDTV Profit is here to break the business news clutter

    Mumbai: The NDTV network has relaunched NDTV Profit, a multiplatform business and financial TV + digital brand, powered by an integrated multi-language newsroom.

    The new NDTV Profit will seamlessly integrate BQ Prime and BQ Prime Hindi, digital platforms for financial news, recognised & awarded globally for an innovative, subscription-first, audience-centric growth strategy. The NDTV Profit brand will consist of three key products: the NDTV Profit TV channel and two digital platforms, one in English (ndtvprofit.com) and the other in Hindi (hindi.ndtvprofit.com).

    Recognising that wealth creation and self-sufficiency are among the top objectives of the new India, NDTV Profit will feature an innovative programming mix that focuses on the financial and investment needs of our audience, both across TV and digital platforms.

    Empowering Indians on their road to prosperity, the key editorial focus will be markets, business, economy, law & policy, personal finance, start-ups, technology, and consumer trends, and will also include politics, health & wellness and lifestyle. NDTV Profit will integrate TV + digital + audio to offer platform-forward formats that bring news, sharp insights & analysis and actionable advice at scale.

    NDTV executive director Senthil Chengalvarayan while expressing his happiness said, “In the digital age, media brands have to become multifaceted platforms that can reach audiences through varied and nuanced forms of storytelling. Through our integrated TV + digital newsroom, delivering content in English & Hindi, powered by a suite of cutting-edge data tools, and next-gen studios with technology-leading AR/VR capabilities, the new, multi-platform NDTV Profit will stand above the clutter.”

    NDTV CEO & editor in chief Sanjay Pugalia said, “As India’s most trusted news brand, we are first and foremost accountable to our audience. As we relaunch NDTV Profit in our quest to help millions of Indians grow wealth in the world’s fastest-growing economy, we recognise that they need more than just a source of information. At NDTV Profit, we aim to be a reliable partner in the investing journey of millions and a chronicler of the nation’s progress. Our editorial philosophy will remain rooted in the principles of prosperity, growth & abundance, anchored by the core tenets of journalism—being progressive, inclusive, diverse and empathetic.”

    Powered by the formidable market-leading reach of the NDTV network with a cumulative audience of 500 million plus across the ecosystem, and with over one lakh premium, paying subscribers joining the brand from BQ Prime, NDTV Profit takes off from a unique position of strength.

    Thanks to the widely distributed bouquet of NDTV network channels, NDTV Profit will reach over 92 per cent of India’s TV Business News Universe from Day One. This is in addition to the brand’s presence across OTT social to IMs to podcast platforms, through a strong and growing network of partners.

    The NDTV Profit relaunch event will be streamed live on Daily Hunt.

     

  • BQ Prime to be rebranded as NDTV Profit

    BQ Prime to be rebranded as NDTV Profit

    Mumbai: BQ Prime channel is all set to be relaunched under a new brand name, NDTV Profit, according to media reports.

    The channel will be rebranded as NDTV Profit and will launch on 8 December, as per close sources.

    BQ Prime was earlier owned by Quintillion Business Media, which was acquired by Adani Group last year.

    NDTV Profit was shut down on 5 June 2018. The decision to pull the plug on the channel, then owned by Prannoy Roy, was taken following mounting revenue losses.

    The announcement regarding the revival of the channel was made in January this year during a town hall held after the takeover of NDTV by Adani Group.