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Tag: BSE

  • BSE to Tweet real-time updates

    BSE to Tweet real-time updates

    MUMBAI: Twitter and Asia’s first stock exchange, BSE, have joined forces in their pursuit of providing real time information to the business community in India on Twitter via auto tweets, DMs and more. Investors can access financial data at the tip of their fingers, through four unique integrations:

    ·Hourly Tweet updates of the Sensex figures

    ·@BSEIndia’s display photo change every two minutes to reflect the current Sensex figure and level

    ·Real time replies for Sensex 30 current stock prices via an auto-response

    ·Direct Message subscription facility for Daily Opening and Closing stock price for Sensex 30 companies

    Twitter is the first international social media platform that the BSE is leveraging to enable Indian investors to access stock-related information via a digital platform with ease.

    Twitter has activated four unique features through hourly tweets, autoresponder tweets for Sensex 30 stock prices, auto direct messages for opening and closing figures of Sensex 30, and a ‘live’ display photo that will change every two minutes to project the dynamic Sensex figure and level.

    During trading hours (9 am to 3.30 pm), @BSEIndia will send hourly tweet updates of the Sensex figures, level, and Top 5 gainers and Top 5 losers.

    @BSEIndia’s display photo will change every two minutes to reflect the current Sensex figure and level — with a red arrow pointing downwards when it is down, and a green arrow pointing upwards when it is up. At a glance, people can gauge the market condition.

    For Sensex 30 current stock prices, people can Tweet to @BSEIndia with the company hashtag to get the current company stock price via an auto-response. The official hashtags for companies are listed on www.bseindia.com. For example, you can Tweet: @BSEIndia #HDFC:

    One can also subscribe to a special Direct Message subscription facility for Daily Opening and Closing stock price for Sensex 30 companies. One can activate this facility by Tweeting ‘#Subscribe #CompanyName’.

    Viral Jani, Media Partnerships, Twitter India said, “This is the first-ever association in Asia between a stock exchange and a social media platform to provide real-time market updates.”

    Endorsing this partnership, Ashishkumar Chauhan, MD & CEO, BSE India, said, “BSE is known for its innovative products and strategies.”

  • Siti Network looks to raise $100 million

    Siti Network looks to raise $100 million

    MUMBAI: Essel group multisystem operator (MSO) Siti Network has plans to raise $100 million through an issue of securities and/or equity related instruments.  The company informed the Bombay Stock Exchange (BSE) that  it  needs the money to fund its operations. It has an ambitious plan to further expand its footprint in the cable TV  and broadband landscape in India as DAS progresses into its last phase.

    Siti Network said it had got an in-principle board approval to raise the money taking the equity or equity related instrument route through a qualified institutional placement (QIP)/external commercial borrowings (ECBs) with rights of conversion into equity shares, foreign currency convertible bonds (FCCBs),  American Depository Receipts (ADRs), global  depository receipts
    (GDRs) or any other securities convertible into or exchangeable for equity shares or securities linked to equity shares.

    The company’s board of directors approved the fund raising and other  proposals at its meeting held on 26 August. 

    Siti Network further stated that as per a family  arrangement  agreed between the  promoter  group, communication has been received from Dr Subhash Chandra, Jawahar Lal Goel, Laxmi Narain Goel and Ashok Kumar Goel to  declassify the three mentioned along with their respective family  members as promoters of the company in terms of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

    The board decisions will take effect after necessary corporate and regulatory approvals are obtained.

    This is not first time that the company is raising funds. In October 2014, the company’s shareholders had approved raising up to $100 million by passing a special resolution through postal ballot.  However, against this, it made a QIP issue not exceeding Rs 250 crore; of which it received a subscription for Rs 221.11 crore at a price of Rs 35 per Re 1 share. 

    Then earlier this year, it received promoter funding to the tune of Rs  Rs 530 crore. Most of it was used to pare down its debt, while a minority portion was used for acquisition, including bigger stakes in associate companies and joint venture partners. 

    ALSO READ: 

    Siticable partners dittoTV; to push OTT to cable TV and broadband …

  • Siti Network looks to raise $100 million

    Siti Network looks to raise $100 million

    MUMBAI: Essel group multisystem operator (MSO) Siti Network has plans to raise $100 million through an issue of securities and/or equity related instruments.  The company informed the Bombay Stock Exchange (BSE) that  it  needs the money to fund its operations. It has an ambitious plan to further expand its footprint in the cable TV  and broadband landscape in India as DAS progresses into its last phase.

    Siti Network said it had got an in-principle board approval to raise the money taking the equity or equity related instrument route through a qualified institutional placement (QIP)/external commercial borrowings (ECBs) with rights of conversion into equity shares, foreign currency convertible bonds (FCCBs),  American Depository Receipts (ADRs), global  depository receipts
    (GDRs) or any other securities convertible into or exchangeable for equity shares or securities linked to equity shares.

    The company’s board of directors approved the fund raising and other  proposals at its meeting held on 26 August. 

    Siti Network further stated that as per a family  arrangement  agreed between the  promoter  group, communication has been received from Dr Subhash Chandra, Jawahar Lal Goel, Laxmi Narain Goel and Ashok Kumar Goel to  declassify the three mentioned along with their respective family  members as promoters of the company in terms of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

    The board decisions will take effect after necessary corporate and regulatory approvals are obtained.

    This is not first time that the company is raising funds. In October 2014, the company’s shareholders had approved raising up to $100 million by passing a special resolution through postal ballot.  However, against this, it made a QIP issue not exceeding Rs 250 crore; of which it received a subscription for Rs 221.11 crore at a price of Rs 35 per Re 1 share. 

    Then earlier this year, it received promoter funding to the tune of Rs  Rs 530 crore. Most of it was used to pare down its debt, while a minority portion was used for acquisition, including bigger stakes in associate companies and joint venture partners. 

    ALSO READ: 

    Siticable partners dittoTV; to push OTT to cable TV and broadband …

  • BSE seeks & gets clarification on Eros Now-RelianceJio deal

    BSE seeks & gets clarification on Eros Now-RelianceJio deal

    MUMBAI: The Bombay Stock Exchange (BSE), which had sought clarification from Eros International Media Ltd on a partnership with Reliance Jio, has been told that the deal pertains to US-based parent Eros International Plc and not the India-listed entity.

    On 25 August, Eros International had announced a deal between its over-the -top (OTT) platform Eros Now and Mukesh Ambani-led Reliance Jio, which is slated to launch its telecom services soon offering subscribers high- speed broadband and other related services.

    The Eros Now service with its huge library of Bollywood movies, including recent blockbusters such asBajrangi Bhaijaan, Bajirao Mastaani, Tanu Weds Manu Returns, Prem Ratan Dhan Payo, will power Jio’s on-demand entertainment offering.

    The company in its announcement yesterday claimed the “game changing partnership” with Reliance Jio will allow consumers to access high quality Eros Now service within the Jio ecosystem. Jio will provide Eros Now with an opportunity to acquire new subscribers throughout urban and rural India, the company had stated.

    Eros International group CEO and MD Jyoti Deshpande was quoted in an official statement as saying , “As a market leader in the film business, Eros has always strived to bring our users the best of Indian entertainment, offering them the same unified experience across screens and networks. Eros Now’s philosophy is to be platform agnostic and embrace the very best in technology as we continuously enhance our content offering. With the broadband and 4G stage set to explode, our alliance with Jio is part of our philosophy to provide consumers entertainment whenever and wherever they want it.”

    Eros Now has over 44 million registered users across Web, WAP and APP globally and is available across 135 countries with a vast majority of users from India. Currently it’s focused on monetization and achieving a target of one million paying subscribers by the end of fiscal year 2017.

    With a pricing of Rs. 49 ($0.73) per month for a streaming service and Rs. 99 ($1.47) per month, which has additional features such as offline viewing, high definition, subtitles and progressive viewing, the Eros Now service is competitively priced in India compared to other OTT services offering Indian language and international content, the company had claimed.

  • BSE seeks & gets clarification on Eros Now-RelianceJio deal

    BSE seeks & gets clarification on Eros Now-RelianceJio deal

    MUMBAI: The Bombay Stock Exchange (BSE), which had sought clarification from Eros International Media Ltd on a partnership with Reliance Jio, has been told that the deal pertains to US-based parent Eros International Plc and not the India-listed entity.

    On 25 August, Eros International had announced a deal between its over-the -top (OTT) platform Eros Now and Mukesh Ambani-led Reliance Jio, which is slated to launch its telecom services soon offering subscribers high- speed broadband and other related services.

    The Eros Now service with its huge library of Bollywood movies, including recent blockbusters such asBajrangi Bhaijaan, Bajirao Mastaani, Tanu Weds Manu Returns, Prem Ratan Dhan Payo, will power Jio’s on-demand entertainment offering.

    The company in its announcement yesterday claimed the “game changing partnership” with Reliance Jio will allow consumers to access high quality Eros Now service within the Jio ecosystem. Jio will provide Eros Now with an opportunity to acquire new subscribers throughout urban and rural India, the company had stated.

    Eros International group CEO and MD Jyoti Deshpande was quoted in an official statement as saying , “As a market leader in the film business, Eros has always strived to bring our users the best of Indian entertainment, offering them the same unified experience across screens and networks. Eros Now’s philosophy is to be platform agnostic and embrace the very best in technology as we continuously enhance our content offering. With the broadband and 4G stage set to explode, our alliance with Jio is part of our philosophy to provide consumers entertainment whenever and wherever they want it.”

    Eros Now has over 44 million registered users across Web, WAP and APP globally and is available across 135 countries with a vast majority of users from India. Currently it’s focused on monetization and achieving a target of one million paying subscribers by the end of fiscal year 2017.

    With a pricing of Rs. 49 ($0.73) per month for a streaming service and Rs. 99 ($1.47) per month, which has additional features such as offline viewing, high definition, subtitles and progressive viewing, the Eros Now service is competitively priced in India compared to other OTT services offering Indian language and international content, the company had claimed.

  • Den Networks confirms S N Sharma appointment as CEO

    Den Networks confirms S N Sharma appointment as CEO

    MUMBAI: A few days ago Indiantelevision.com reported that S N Sharma would be re-joining Den Networks after departing from it a year and a half or so ago. The report was based on sources and it was unconfirmed. Today Den Networks informed the Bombay Stock Exchange (BSE) that Sharma will indeed be re-joining the national cable TV MSO Den as its chief executive officer (CEO) with immediate effect. Erstwhile CEO Pradeep Parameswaran will continue to work with the company as an advisor to the company.

    A cable TV industry veteran Sharma has over 30 years of experience of which over 25 years have been in media. He holds a Bachelor’s degree in Electronics and Communications and a Master’s degree in Business Administration.

    DEN Networks chairman & managing director Sameer Manchanda said that he was happy to welcome Sharma back to the DEN family. Said he: “We are confident of Sharma’s unparalleled experience in the cable TV Industry and under his able leadership DEN will scale greater heights in time to come. DEN’s cable TV partners and associates on the ground are all geared up to work in perfect coordination to adopt new systems and technologies for better monetisation of investments.”

  • Den Networks confirms S N Sharma appointment as CEO

    Den Networks confirms S N Sharma appointment as CEO

    MUMBAI: A few days ago Indiantelevision.com reported that S N Sharma would be re-joining Den Networks after departing from it a year and a half or so ago. The report was based on sources and it was unconfirmed. Today Den Networks informed the Bombay Stock Exchange (BSE) that Sharma will indeed be re-joining the national cable TV MSO Den as its chief executive officer (CEO) with immediate effect. Erstwhile CEO Pradeep Parameswaran will continue to work with the company as an advisor to the company.

    A cable TV industry veteran Sharma has over 30 years of experience of which over 25 years have been in media. He holds a Bachelor’s degree in Electronics and Communications and a Master’s degree in Business Administration.

    DEN Networks chairman & managing director Sameer Manchanda said that he was happy to welcome Sharma back to the DEN family. Said he: “We are confident of Sharma’s unparalleled experience in the cable TV Industry and under his able leadership DEN will scale greater heights in time to come. DEN’s cable TV partners and associates on the ground are all geared up to work in perfect coordination to adopt new systems and technologies for better monetisation of investments.”

  • Den denies being taken over by Star India

    Den denies being taken over by Star India

    MUMBAI: In a letter to the stock exchanges, the Sameer Manchanda led Den Network Limited (Den) has denied news item appearing in the Hindustan Times that it is being taken over by Star India.

    A letter signed by the company secretary of the leading Indian MSO Jatin Mahakan to the stock exchanges in India says:

    “This is with reference to the news item appearing in a leading Newspaper entitled ‘Star in News to acquire DEN on June 11, 2016. The company denies the news item and has a policy never to comment on any market speculation.

    We always ensure that the appropriate intimations are provided to the Stock Exchange with respect to material events, information, etc., in terms of the Listing Agreement and as and when the same is bring approved by the Board of Directors of the Company.

    You are requested to take the same on record.”

    Early in May 2016, there were rumours that Siti Cable was likely to take over Den Networks Limited which both companies strongly denied.

    Siti Cable denies acquisition of Den Network

  • Den denies being taken over by Star India

    Den denies being taken over by Star India

    MUMBAI: In a letter to the stock exchanges, the Sameer Manchanda led Den Network Limited (Den) has denied news item appearing in the Hindustan Times that it is being taken over by Star India.

    A letter signed by the company secretary of the leading Indian MSO Jatin Mahakan to the stock exchanges in India says:

    “This is with reference to the news item appearing in a leading Newspaper entitled ‘Star in News to acquire DEN on June 11, 2016. The company denies the news item and has a policy never to comment on any market speculation.

    We always ensure that the appropriate intimations are provided to the Stock Exchange with respect to material events, information, etc., in terms of the Listing Agreement and as and when the same is bring approved by the Board of Directors of the Company.

    You are requested to take the same on record.”

    Early in May 2016, there were rumours that Siti Cable was likely to take over Den Networks Limited which both companies strongly denied.

    Siti Cable denies acquisition of Den Network

  • DoT takes on record spectrum sharing pact between RCom and RTL IN 800 MHz

    DoT takes on record spectrum sharing pact between RCom and RTL IN 800 MHz

    NEW DELHI: The Department of Telecommunications has taken on record 800 Mhz Spectrum Sharing in seven circles of Reliance Communications Ltd (RCom) and two circles of Reliance Telecom Limited (RTL), wholly owned subsidiary with Reliance Jio Infocomm Limited (RJIL).

    Giving this information to Bombay Stock Exchange, Reliance Communications Ltd said this was with effect from 21 April 2016.

    The development was with reference to the earlier letter dated 18 January 2016 informing sharing of spectrum in 800 MHz with RJIL.

    The Company and RTL are now able to share spectrum with RJIL in nine circles:  Mumbai, Uttar Pradesh (East), Madhya Pradesh, Bihar, Orrisa, Haryana, Himachal Pradesh, Assam and the North East.

    The DoT had in February approved sharing of active infrastructure like antenna used for transmitting mobile signals.

    It is learnt that RCom has already paid Rs 5,383.84 crores to liberalise its spectrum in 16 circles which include Delhi, Mumbai, Punjab, Himachal Pradesh, UP East and West, Gujarat, Madhya Pradesh, Kolkata and Bihar.

    A liberalised spectrum allows telecom operators to use any technology to deliver mobile service like 3G and 4G. Besides, it allows introduction of new technologies and sharing and trading spectrum with other operators for its efficient use.

    The Cabinet has earlier cleared liberalisation of spectrum allocated without auction to telecom companies – at prices recommended by the Telecom Regulatory Authority of India with the balance being collected after deriving market rate through bidding