ITV

Tag: CNBC-TV18

  • Hyundai i10 declared ‘Car of the Year’ at CNBC-TV18 Autocar Auto Awards 2008

    MUMBAI: Hyundai i10 drove away with the Car of the Year award at the 7th edition of the CNBC-TV18 Autocar Auto Awards in New Delhi. In the glittering awards ceremony, the ‘Bike of the Year’ award went to Bajaj – XCD DTS-Si.

    The finalists were chosen based on the following criteria: fitness for purpose, relevance to the Indian market, value for money, design and styling, interiors, engine, gearbox, performance, ride, handling, brakes, driving pleasure, fuel efficiency and ownership experience. Brands launched in the calendar year 2007 were part of the contenders line-up in these awards.

    The agenda of the ceremony was set around a special theme – “A Green Future,” which also comprised a special pledge from manufacturers and industry doyens.

    Speaking on the occasion, TV 18 business media director Ajay Chacko said, “The CNBC-TV18 Autocar Autoawards is one of our premier properties, widely recognised as a benchmark for auto excellence in India. This year, through the Green Future theme, we intend to make these awards a catalyst for a cleaner and greener progress of the industry by raising awareness and eliciting a commitment from manufacturers.”

    Autocar India editor Hormazd Sorabjee added, “Since the inception of these awards, we have strived to ensure that the CNBC-TV18 Autocar Auto Awards truly reflect the choices and sentiments of all stakeholders including consumers, manufacturers and auto experts. We have always maintained the most stringent standards to ensure only the best win this accolade.”

    The CNBC-TV18 Autocar Auto Awards was ratified and validated by Ernst & Young.

  • CNBC TV18 to review biggest happenings of the year

    MUMBAI: CNBC TV18 is closing 2007 with a bouquet of special programmes that will recap the biggest happenings of the action-packed year. The programmes will picture India in the glory it gathered through the year, a definitive perspective and a focus on various aspects that have made news this year.

    On 26 December at 10.30 pm, a special bulletin Corporate News of the Year will review the year that corporate India could well call a ‘red letter year’ as it went about brokering the largest ever deals.

    Young Turks Special at 7:30 pm on 27 December will be a year-end special with extraordinary young achievers of India.

    On 28 December at 10.30 pm, Storyboard Special will review the strengths and weaknesses of the campaigns targeted at the consumers throughout the year.

    Markets in a two-part series on 31 December and 1 January, will showcase how the year took a leap from 15,000 to 20,000.

    Global CEO will have anchor Shereen Bhan in conversation with some of the biggest names from fortune global forum, in a three-part series from 1-3 January at 7:30 pm.

    In Policy Battleground, Shereen Bhan will bring a critical look at the governmental policies from special economic zones (SEZs) to telecom industry. The special programme will be on 2 January at 10:30 pm.

  • TV18 partners with Forbes to launch biz magazine in India

    MUMBAI: Television18, a group company of Network18, has entered into a partnership with Forbes Media to launch a business magazine in India.

    The partnership will include a content licensing arrangement and will also envisage introduction of other Forbes products, subject to regulatory approval.

    Plans are on to launch the magazine in early 2008. Network18 MD Raghav Bahl said, “Our partnership with Forbes for a business magazine in India is another compelling testimony to the growing acceptance of the Indian growth story worldwide. We will be strongly positioned to deliver a benchmark offering in the market by fusing the strong editorial and brand lineage of Forbes and our expertise in the Indian business media market.”

    Adds Forbes chairman, CEO and editor-in-chief Steve Forbes:”India is one of the prime markets Forbes has wanted to enter for sometime. We were waiting for the right partner and are so pleased that we have reached a partnership agreement with Network18. We look forward to making Forbes available to this forceful market soon.”

    TV18 on Tuesday announced acquisition of special interest and business categories publisher Infomedia India. 

    The partnership with Forbes will bring in strengths in the print space and will synergize with TV18’s television and new media properties. Currently, TV18 operates India’s leading business channels CNBC-TV18 and CNBC Awaaz, besides Newswire18 and a host of web properties like moneycontrol.com.

    Network18 group CEO Haresh Chawla said, “Forbes is an ideal partner for us as we expand our competencies into the print medium and thus strengthen our position as one of India’s leading full play media conglomerates. India’s readership potential is yet to be fully tapped and as the market evolves, credible and strong brands will succeed in the print space. We see a lot of opportunity for value creation in this partnership by unleashing cross platform synergies and developing a roster of market leading offerings in the coming years. The addition of Forbes will further energize our business portfolio which already commands leadership through CNBC-TV18, CNBC Awaaz, Newswire18 and web offerings such as moneycontrol.com, indiaearnings.com.”

    In recent years, Forbes magazine has increased its international presence with titles such as Forbes Asia and licensed local language editions such as Forbes China, Forbes Russia, Forbes Arabia amongst others.

  • CNBC-TV18 to launch Business Trivia Challenge

    MUMBAI: JP Morgan Asset Management is launching a three-month long business quiz contest Business Trivia Challenge to be run simultaneously on CNBC-TV18 and moneycontrol.com.

    Business Trivia Challenge will have five shows each day with a business trivia question posed to viewers. Winners will receive CNBC-TV18 signature golf accessories, a weekly bumper cash prize of Rs.100,000 and gift vouchers from Homeshop18 and yatra.com.

    TV18 business media director Ajay Chacko said, “There is also need to create interactive and entertaining properties so as to improve viewer involvement levels and deliver a value-added experience to the viewers.”

  • ‘Young Turks’ to feature entrepreneurs from small cities

    MUMBAI: In a bid to highlight the fact that youth entrepreneurship has developed into a pan India phenomenon, CNBC TV18’s feature show Young Turks on young achievers in the Indian economic landscape will start its new season in a new avatar – Young Turks On The Road.

    As part of this, the show will now visit the emerging hotspots of entrepreneurial activity across the nation and will showcase talented young leaders in Bangalore, Goa, Pune, Chennai, Kolkata and Hyderabad, amongst other cities.

    Some of these young achievers who will be featured on the series are Zendle founder and CEO Vikram Narayan, Travel Tours director Shravan Gupta, Minglebox.com founders Kavita Iyer, Sushma and Sanjay, The Writers Block founders Rakesh and Helen Shukla, Rainwaterclub.org founder and water management expert S Vishwanath and Spectrum CEO I Badrinath.

    Said CNBC Universe marketing head Ajay Chacko, “At CNBC TV18, our focus on providing a value adding and powerful feature line up has always been strong. Young Turks has been a pioneering show in the area of entrepreneurship and this new season of Young Turk On The Road will strengthen our offering. The fact is that young entrepreneurship has indeed become pervasive nationwide, and this epitomizes the Indian growth story and demographic advantages the nation enjoys we believe Young Turk on the Road will provide a unique perspective on the individuals who are driving this change.”

    Young Turks is one of the oldest shows on CNBC TV18. It recently completed 150 episodes, which was celebrated with a ground event involving all featured guests.

  • TV18 Q1 consolidated revenue at Rs 682 million

    MUMBAI:TV 18’s consolidated revenues surged to Rs 681.57 million for the first quarter ended 30 June 2007, up from Rs 453.66 million in the year-ago period.

    TV 18 has posted a net profit of Rs 76.19 million on a turnover of Rs 579.23 million from its news operations for the first quarter ended 30 June 2007.

    In the year-ago period, revenue was at Rs 402.12 million while net profit stood at Rs 36.86 million. The company runs business channels CNBC-TV18 and CNBC-Awaaz.

    Though revenue from internet and software operations jumped to Rs 93.41 million from Rs 51.54 million, TV 18 incurred a net loss of Rs 25.53 million as against a profit of Rs 21.29 million in the corresponding period of the previous year.

    “The investment losses of Web 18 are minimised by strong revenues of existing portals,” the company said in an official release. Web 18 has commenced conversion to US GAAP standards.

    Newswire 18’s revenue stood at Rs 8.93 million while net loss was at Rs 49.92 million for the quarter. TV 18 acquired Crisil MarketWire (CMW) from Crisil Ltd and rechristened it as Newswire 18.

    Commenting on the performance TV18 MD Raghav Bahl said,: “We are thrilled with this Quarter’s performance. While our channels are scaling new heights in the business news space, the internet properties under Web18 have started posting robust revenues. Newswire18 has expanded its network and is ahead of its business plan.”

  • CNBC Universe makes corporate earnings available to iPod’s

    MUMBAI: The CNBC Universe, business and consumer platform, is geared up for earnings season by making available to investors and users the latest news, information and analysis on corporate results through its TV and online properties as well a special feature which will making earnings content iPod friendly. This was launched during the Infosys results last week.

    Apart from carrying live reports, analyst calls and management interviews on CNBC TV18 and CNBC Awaaz, the same will also be available on financial websites namely indiaearnings.com and moneycontrol.com which are a part of the universe, informs an official release.

    CNBC Universe head marketing Ajay Chacko added, “Earnings season is a key occasion for value delivery to our audiences. Our online properties led by moneycontrol.com and indiaearnings.com will supplement our acclaimed earnings reportage on CNBC Channels and will also have an added feature for IPOD downloading. This is another example of our continuous effort to engage with audiences effectively. The response to our offerings during the infosys results was tremendous and we will continue to up the ante in this regard.”

  • SBI Mutual Fund is the Mutual Fund of the year at CNBC-TV18 – CRISIL Mutual Fund Awards

    MUMBAI: In a glittering ceremony, CNBC-TV18, India’s leading Business Medium and CRISIL, India’s premier ratings agency announced the most sought after and valued Mutual Fund Award in the country – ‘CNBC-TV18 – CRISIL Mutual Fund of the Year Award’.

     

    Mark Tucker, Chief Executive of Prudential & Ajay Srinivasan, Chief Executive, Fund Management, Prudential Corporation Asia spoke on the performance of mutual funds across the world, emerging trends, investor reactions and expectations setting the tone for the evening. This was followed by a p anel discussion with Mr Ramesh Damani, Mr Jaikumar, Mr Kela and Mr Naganathan moderated by Udayan Mukherjee.

     

    As the most powerful radar to prosperity, the CNBC TV18 and CRISIL Mutual Fund of the Year awards performance and consistency in wealth creation of enterprising fund houses for the year 2006. These Awards, based on CRISIL’s objective and analytically rigorous CRISIL~CPR methodology, are the ultimate test in performance and consistency on one of the most distinguished platform.

     

    These awards are the Investors most definite guide to the best managed fund house in the country. It brings together the world’s most renowned investment experts and shares their ideas, philosophies and predictions.

    The winners in the various categories at the Mutual Fund of the Year were:

    Category
    Winner
    Large Cap Oriented Equity Funds DSP Merrill Lynch Opportunities Fund Sundaram BNP Paribas Select Focus
    Diversified Equity Funds SBI Magnum Global Fund
    SBI Magnum Sector Umbrella – Contra Fund
    Sundaram BNP Paribas Select Midcap
    ELSS SBI Magnum Tax Gain Scheme 1993
    Income Funds Principal Income Fund
    UTI Bond Fund
    Income Short Reliance Short Term Fund
    Balanced Funds HDFC Prudence Fund
    SBI Magnum Balanced Fund
    Liquid Funds HDFC Cash Management Fund – Savings Plan
    UTI Liquid cash plan
    Liquid Funds Institutional Tata Liquid Fund – SHIP
    Liquid Funds Super Institutional UTI Liquid Cash Plan – Institutional Plan
    Gilt Funds Long Reliance Gilt Securities Fund – Long Term Plan
    Templeton India G-Sec Fund – Long Term Plan
    MIP Aggressive HDFC Monthly Income Plan – LTP
    MIP Conservative Prudential ICICI MIP Plan – Cumulative
    Floating Rate Funds (Long term) Principal Floating Rate Fund – Flexible Maturity Plan
    Floating Rate Funds (Short term) HDFC Floating Rate Income Fund – Short Term Plan
    Sectoral –IT SBI Magnum Sector Umbrella – Infotech Fund
    Emerging Fund of the Year (diversified equity) Prudential ICICI Infrastructure Fund
    Mutual Fund of the Year SBI Mutual Fund

    In addition to leaders from various fund houses, luminaries from India’s financial services sector including senior regulators, leading economists and analysts witnessed a host of awards being presented to various mutual funds for their consistent performance over time on the CRISIL~CPR performance rankings framework.

     

    Commenting on the methodology Rupa Kudva, ED & Chief Rating Officer,CRISIL, said “The fund house of the year award is given to the mutual fund which performs well in CRISIL’s CPR framework, has a good presence across categories, and wins at least 2 category level awards”

     

    Speaking at the occasion, Mr. Haresh Chawla, CEO, TV18 Group said, “The size of the Mutual fund industry is a burgeoning Rs 3,39,662 crore indicating the popularity enjoyed by Mutual funds amongst investors who want to participate in India’s growth story. Increased popularity in Mutual funds as an investment avenue and a spurt in the number of innovative mutual funds calls for a robust, unbiased and objective evaluation of the annual performances of funds. Since its inception, ‘The CNBC-TV18 – CRISIL Mutual Fund of the Year Award’ has established a benchmark for excellence in the Mutual Fund industry and has over the years, assisted investors to make the right choices in their mutual fund investments.”

     

    Speaking on the initiative, Mr. Ashvin Arora, Director, OptiMix, said, “CNBC Mutual Fund awards is a landmark event in the Indian Mutual Fund Industry, which recognizes and rewards the best managed fund houses on the basis of objective performance criteria laid down by Crisil. As India’s first multi-manager, Optimix identifies best of breed mutual funds and blends them together into separate products, so that optimal combinations of expertise and style are available to the investor. The Optimix process helps the investor with superior, consistent wealth creation. All in all, this is a great fit and we are proud to be associated with the CNBC TV-18-Crisil Mutual Fund Awards 2007. My heartiest congratulations to the winners of this prestigious award.”

  • TV18 to raise Rs 2 billion, open to print entry

    TV18 to raise Rs 2 billion, open to print entry

    MUMBAI: Raghav Bahl-promoted TV18 is raising Rs 2 billion through a fresh equity issue to fund its organic and inorganic expansion plans.

    The company is keen to acquire a business newspaper, completing the chain across television channels, internet and print. Sources say TV18 is eyeing financial daily Business Standard where Uday Kotak is the largest shareholder and the others include Financial Times and Great Eastern Shipping.

    TV18 has mandated HSBC and will raise Rs 2 billion through a qualified institutional placement (QIP). The funds are being kept ready as the company plans to expand its business and is also hunting for opportunities in new areas.

    “We are going for a QIP issue of Rs 2 billion,” confirms TV18 Group managing director Bahl. “We have several expansion plans. We are also looking at an opportunity in the business print space but nothing has come up,” he adds, while defending against any suggestion of pursuing talks with Business Standard.

    The QIP issue will involve a small dilution as regulations make it mandatory for Network 18, the holding company for TV18 and Global Broadcast News (GBN), to own at least 51 per cent in the news ventures. The current holding of Network 18 in TV18 is 53 per cent while in GBN it is 57 per cent (post-IPO).

    Network 18 also has non core TV businesses in Studio 18 and Shop 18. The company expects Studio 18, which is engaged in movie business, to rake in a revenue of Rs 1 billion in the first full year of operations. The plan is to produce a movie every month. In Shop 18, the 24-hour television network dedicated to home shopping, trial runs have been conducted and the call centres are coming into place.

    Network 18 has already raised a debt of Rs 700 million which will take care of its current funding needs, the source says while not ruling out further fund raising exercises in future.

    TV18 houses two business channels, CNBC TV18 and CNBC Awaaz, a clutch of internet properties, financial wire service Crisil Marketwire (which was recently acquired and renamed Newswire 18) and an e-broking venture with partners.

  • TV18 net up 67% at Rs 193 million

    TV18 net up 67% at Rs 193 million

    MUMBAI: News network TV18 has announced a net profit at Rs 193.2 million, for the quarter ended December 2006 as compared to Rs 399 million shown during the corresponding quarter in 2005, an increase of 51 per cent YoY.

    TV18’s consolidated revenues were up 67 per cent (YoY) at Rs 647.46 million.

    Among the highlights of the quarter for TV18 were: scheme of arrangement completed; group company GBN’s IPO gets huge investor response, while internet revenues continued to post robust growth, rising over 120 per cent from the corresponding quarter in 2005.

    TV18 Consolidated Include revenues from CNBC-TV18, CNBC-Awaaz, moneycontrol.com, commoditiescontrol.com and various other Internet portals acquired by the company’s subsidiaries during the year. Current quarter’s revenues and costs are strictly not comparable with the same quarter in the previous year, since revenues and costs of Awaaz are being included from last quarter onwards, the company stated in a footnote.