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Tag: NDTV

  • M&E stocks take a beating as Sensex crashes 1600+ points; NDTV worst hit

    M&E stocks take a beating as Sensex crashes 1600+ points; NDTV worst hit

    MUMBAI: Triggered by global concerns over China’s falling economy and its impact on global markets, the benchmark BSE Sensex witnessed bloodbath on Monday, 24 August as it closed the day at 25,741.56, down 1,624.51 points (5.94 per cent). This is one of the biggest fall since 2009.

     

    Moreover, the Nifty was also down 490.95 points (5.92 per cent) to close at 7809.

     

    According to media reports, on the back of the market meltdown, investors lost more than Rs 7 lakh crore. The downfall not only left the major oil, goods and bank companies in the red but the Indian Media and Entertainment (M&E) companies were also badly hit. 

     

    In the media sector, news company NDTV India was the worst hit as it fell 16.27 per cent to close the day at Rs 88.50. This was followed by TV Today, which witnessed a fall of 13.99 per cent to close the day’s trade at Rs 192.15. On the other hand, multi system operator (MSO) Hathway Cable & Datacom at Rs 40.05 was down 13.78 per cent.

     

    Some of the other major M&E companies like Balaji Telefilms, direct to home (DTH) company Dish TV and Sun TV Network were not spared either. While Balaji Telefilms was down 12.31 per cent to close the day at Rs 72.65, Dish TV was down 11.85 per cent at Rs 96.35. The Maran owned Sun TV dipped 11.63 per cent to close at Rs 298.50.

     

    Eros International Media closed at Rs 441.95 after registering a 11.60 per cent decline. Even music companies were not left untouched from the stock market waves. Shemaroo Entertainment, Saregama and Tips recorded a fall of 10.74 per cent, 9.98 per cent and 9.53 per cent respectively.

     

    Other media companies including DQ Entertainment, Network18, B.A.G Films and Entertainment Network India Ltd (ENIL) were down by 9.38 per cent, 8.78 per cent, 8.59 per cent and 7.33 per cent respectively.

     

    The Dhoot family owned DTH company Videocon d2h was the sole company unaffected by the fall of the Sensex. The company’s stock was up by 0.33 per cent and closed at Rs 137. 75.

     

    Some of the companies, which were not as impacted as much were Zee Entertainment Enterprises Limited (ZEEL), which was down 6.11 per cent to end the day at Rs 359.65, Jagran Prakashan (down 5.20 per cent) and MSO Siti Cable (down 5 per cent). 

     

    HT Media bore a loss of 2.84 per cent, whereas the Orissa based MSO Ortel Communications was down 2.27 per cent to close the day’s trade at Rs 202.30. 

     

    Ascribing the market crash to global turbulence, finance minister Arun Jaitley said that the government along with the Reserve Bank of India (RBI) was watching the situation and hoped that things will stabilise once the transient impact is over.

  • NDTV’s Indianroots.com adopts new marketing mantra to target tier II & III cities

    NDTV’s Indianroots.com adopts new marketing mantra to target tier II & III cities

    MUMBAI: At a time when every e-retail venture is shouting from rooftops about multiple discounts, exclusive offers and cashbacks, NDTV Ethnic Retail’s venture Indianroots.com has come up with a TVC showcasing their style and range.

     

    In a bid to target consumers in Tier II and III cities, the e-retail venture, which offers a range of Indian ethnic wear along with antique showpieces, has rolled out a nationwide campaign called ‘Inherently Indian,’ which will have presence on TV, outdoor and digital.

     

    The ‘Inherently Indian’ TVC, which was launched on 15 August, 2015 has already started appearing across NDTV channels and will also have presence on digital platforms. The brand strategy was conceptualised and created by Brandmovers India.

     

    Speaking to Indiantelevision.com, NDTV Ethnic Retail CEO Rahul Narvekar says, “We are currently mulling on whether we should put the TVC on other channels too. The ad brief had two major parts. Firstly, we wanted to depict our Indianess and the wide range of products.  And secondly we wanted to break the clutter. That’s the reason why we have not mentioned anything about discounts and pricing anywhere in the ad.”  

     

    Narvekar is happy with the response that the Soumik Sen directed TVC has garnered so far. “We have been trending on Facebook. We got calls from veteran Bollywood stars and other dignitaries praising the TVC and hence I am very delighted with the response.”

     

    Indianroots has recently raised additional funding for its expansion plans. “We want to be market leader when it comes to ethnic wear. In the last financial year, we garnered top line sale of Rs 61 crore and this year we want to grow further.”

     

    Narvekar added, “The new TVC will help establish our positioning around the idea of “Inherently Indian” in a visual manner and will beautifully blend fashion and story-telling, while highlighting typical quirks of our country. IndianRoots is a firm believer in Make In India and our TVC conveys the uniqueness and immense potential in this message. With this commercial, we aim to capture the attention and increase the recall value of Indianroots within the Tier II and III customer base of our country.”

     

    NDTV Ethnic Retail marketing head Paroma Sen said, “Indianroots has come a long way in the last two years, building up a strong foundation and business within and outside India. Coming in before the kickoff of India’s festive season this year, the TVC explores the moods and sentiments that every Indian will identify with. This TVC will help Indianroots build awareness in growing markets, and help us connect with our customers at a very human and emotional level.”

     

    Brandmovers India co-founder & managing director Suvajyoti Ghosh added, “Agencies, in general, do not rope in Bollywood directors to direct a TV spot, but in this case, we wanted Soumik’s unique story-telling vision to come through and create great cinematic quality. To keep it real, we avoided casting the typical model figure, and instead chose to portray the real, modern woman, with a distinct candour.”

     

    “The TVC is marked by a languorous verse narrative in Hindi written in-house and is centred around the concept of identity and beauty and how little Indian things are embraced everyday through the attires worn by women,” added Ghosh.

     

    Sen said, “Indian fashion is evolving and Indianroots is one of the harbinger of this revolution in Indian wear. The portal has always reinforced the notion that Indian fashion can also be stylish and modern hence, we wanted to create a commercial that talked about modern women embracing ethnicity. The modern Indian woman is someone who embraces her traditional roots with elan, and wears it every day. Capturing this on film implied making tradition chic and urbane, and bringing out her inner beauty. This was challenging, but it was a fun, monsoon shoot.”

     

  • NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    NDTV’s Gadgets 360° secures investment from Paytm’s parent co

    MUMBAI: One97 Communications, owner of consumer brand Paytm, has invested in NDTV’s e-commerce venture Gadgets 360°. 

     

    Additionally, NDTV has also appointed Bhawna Agarwal as CEO of Gadgets 360°.

     

    “NDTV Gadgets has always been the most credible go-to-destination for all gadget enthusiasts in India and it is very exciting to see them move to a transactional model with Gadgets 360°. We are looking forward to partnering them in this journey and creating a compelling market-place experience which marries content, curation and commerce,” said One97 & Paytm founder Vijay Shekhar Sharma.

     

    Gadgets 360° has raised funding at a valuation of close to $50 million. Other investors include Inflexionpoint co-founder John Scully, Genpact founder Pramod Bhasin, Sixth Sense Ventures founder Nikhil Vora, former Unilever chairman Vindi Banga and M&S Partners founder and director Hiro Mashita.

     

    Sixth Sense Ventures founder & CEO Nikhil Vora said, “I am most excited to be investing in Gadgets 360°, which has a unique model of being the only curated launch platform for all gadgets. With over 3,000 gadgets launched every year in India, I believe that there is a case for a credible platform to become the brand, which we see in the form of Gadgets 360°.” 

     

    NDTV Convergence chief technology officer Kawaljit Singh Bedi said, “I am personally very excited to have such great investors in Gadgets 360° and to leverage their experience in building this into a large and meaningful business in India and globally. The investors have been pioneers in their field and with their incredible knowledge of building big businesses, they will be crucial for our success.”

     

    The company’s new CEO Agarwal has over 16 years of experience in leading start-ups of the country. She has been instrumental in setting and scaling up brands such as Yatra.com, Seventymm among others. She has been associated with Luxury Retail in the past and is also on the advisory boards of OYO Rooms, Venture Fund among others.

     

    “NDTV Gadgets is a very popular and well respected platform amongst gadget lovers in India and is at a very interesting stage from where it can scale up very well. The new platform will be the game changer for the category and I am very excited to be a part of this journey to help take the category to the next level,” added Agarwal.

     

    NDTV Group CEO Vikram Chandra said, “Gadgets has become one of the most exciting areas of expansion for the NDTV Group. We had built a powerful brand connect in this thanks to our digital platform NDTVGadgets.com and our TV programming, with popular shows like Gadget Guru and Cell Guru. I am delighted to welcome Paytm and Vijay Shekhar Sharma, as an investor in Gadgets 360°.”

  • ZMCL forays into English news broadcasting; names Rohit Gandhi as editor-in-chief

    ZMCL forays into English news broadcasting; names Rohit Gandhi as editor-in-chief

    MUMBAI: Zee Media Corporation Limited (ZMCL) has announced its foray into the English news broadcasting space with the appointment of Rohit Gandhi as editor-in-chief of English news broadcast and related content, effective 17 August.

    It may be recalled that Indiantelevision.com was the first to report about the network’s plan to get into English news broadcasting. In an earlier conversation, Essel Group chairman Dr Subhash Chandra had said, “I have been harbouring this thought of starting a global news network in English for the global audience but with an India point of view.”

    Gandhi, who reports to ZEEL MD and CEO Punit Goenka, will be heading the operations of all initiatives in this space, working closely with the business head & revenue resources.

    Goenka said, “Venturing into the English News space allows us to extend our presence in the overall news genre across geographies and even in the international arena. We want to launch a news network for global audiences with an Indian point-of-view. With Rohit on-board to spearhead this initiative, we are confident that we will be able to showcase a world-class product. We welcome Rohit to the Zee family and wish him all the very best.”

    Gandhi added, “It is a phenomenal opportunity for me to work with Zee and Punit to deliver world-class coverage to viewers at home. We want to continue on the path of providing in-depth, textured coverage across platforms to address the ever-changing needs of the global audiences.”

    ZMCL has neither revealed the name of its new English news channel nor its launch date.

    Gandhi brings with him over 23 years of experience across 40 countries and has managed the complete gamut of the news business. In his previous assignment, he was the international correspondent & communication strategist for South Asian International News. Prior to that he worked with CBC, CNN, BCTV & Global TV, Canada, and NDTV. He has also covered many war zones including Afghanistan in 2001 and Iraq in 2003.

  • National Alliance of Journalists Unions condemns MIB notice to TV channels on Memon hanging

    National Alliance of Journalists Unions condemns MIB notice to TV channels on Memon hanging

    NEW DELHI: The National Alliance of Journalists Unions has endorsed the strong condemnation of the Information and Broadcasting (I&B) Ministry show cause notice to three news channels – ABP news, NDTV and Aaj Tak – for their coverage of Yakub Memon’s hanging. 

     

    It also noted the prompt reaction of the Broadcast Editors Association on the issue.

     

    Serious concern was expressed at the plight of journalists in TV networks also with the demand for the Working Journalists Act to be extended to the entire media. A doubling of unfair labour practices was taken note of.

     

    Meanwhile, after nationwide consultations, the Alliance has demanded the setting up of a permanent wage fixation machinery for periodic revision of wages. 

     

    It has called upon the central and state governments to make non-implementation of the current Majithia Wage Board Award a cognizable offence taking in view large scale non-implementation.

     

    The demand followed a national consultation with lawyers, academics, activists and journalists fighting cases for several years. The Alliance expressed solidarity with the 2 September action call by a wide amalgam of trade unions and resolved to join solidarity rallies.

     

    The National Consultation was a united attempt by various bodies like the Press Club of India, Human Rights Law Network, Mumbai Press Club, Delhi Union of Journalists, Indian Women Press Corps.

     

    The Alliance expressed solidarity with the National Confederation of Newspaper and News Agencies Employees and its attempts to widen unity. 

     

    The Alliance decided to have joint associate ties with the All India Newspaper Employees Federation, with which the Delhi Union of Journalists, which hosted the Alliance meet in Delhi, is already associated. The meet was attended among others by journalists bodies from Andhra Pradesh and Telengana.

  • NDTV denies violating any law while covering Yakub Memon’s hanging

    NDTV denies violating any law while covering Yakub Memon’s hanging

    MUMBAI: News channel New Delhi Television Limited (NDTV) has denied violating any law while covering the news of Yakub Memon’s execution. 

     

    The statement comes in the wake of the show cause notice sent to the channel earlier this week by the Information and Broadcasting (I&B) Ministry for alleged violation of Cable Television Networks (Regulation) Act, 1995, regarding the broadcast of news related to coverage of Memon’s execution.

     

    “The company firmly believes that it has not violated any law while covering the said news and is in the process of seeking legal opinion before responding to the said notice,” the channel said in an official statement.

     

    Meanwhile, as was reported by Indiantelevision.com earlier, both the News Broadcasters Association (NBA) and the Broadcasters Editors Association (BEA) have expressed concern over the show cause notice sent to NDTV, ABP News and Aaj Tak by the I&B Ministry pertaining to their coverage of stories linked to Memon’s hanging.

  • News Broadcasters Association roots for freedom to proceed against TV channels

    News Broadcasters Association roots for freedom to proceed against TV channels

    NEW DELHI: The News Broadcasters Association (NBA) has expressed deep concern over the show cause notice sent to three Indian news broadcasters by the Information and Broadcasting (I&B) Ministry pertaining to their coverage of stories linked to Yakub Memon’s hanging.

     

    This comes close on the heels of the statement put out by the Broadcasters Editors Association, wherein it expressed concern over the “apparent tendency among governments, both at the centre and in some states, to serve notices on media organisations in a selective manner.”

     

    As was reported earlier by Indiantelevision.com, the I&B Ministry had sent notices to three channels namely NDTV 24×7/NDTV India, Aaj Tak and ABP News relating to Memon’s execution coverage.

     

    The NBA notes that the notice was for reportedly having aired phone-in interviews of underworld gangster Chhota Shakeel on two channels, which according to the I&B Ministry casts aspersions against the integrity of the President and the Judiciary; and can incite violence and lead to law and order problems. In light of this, NBA has urged the Ministry to withdraw the show cause notices issued and refer them to the News Broadcasting Standards Authority (NBSA) instead, which would consider it under its regulations.

     

    In a statement, the NBA said, “The present Government has gone on record to state that it believes the media should be independent without any government interference and it should self regulate itself.”

     

    Now it remains to be seen whether the Ministry hands the matter over to the NBSA to look into.

  • Editors dismayed over I&B’s notice to 3 news channels over Yakub Memon’s hanging

    Editors dismayed over I&B’s notice to 3 news channels over Yakub Memon’s hanging

    NEW DELHI: The Broadcast Editors’ Association (BEA) has reacted strongly to the Information and Broadcasting (I&B) Ministry’s notice to three television news channels relating to their coverage of stories linked to the 1993 serial bombing convict Yakub Memon’s hanging.

     

    Referring to the show cause notices sent to ABP News, Aaj Tak and NDTV, the Association expressed concern over the “apparent tendency among governments, both at the centre and in some states, to serve notices on media organisations in a selective manner.”

     

    Expressing dismay, BEA said it would take up this issue with the government at the highest level.

     

    Meanwhile, confirming the issuance of the show cause notices to the three channels, a senior official of the I&B Ministry told Indiantelevision.com that the channels had been given a time of 15 days to reply.

     

    The official said that the matter would then go to the Inter-Ministerial Committee headed by the Additional Secretary of the Ministry along with several members from other Ministries.

     

    It is learnt that the notice asks why action should not be taken against the channels for carrying reports that amounted to contempt of the institution of the President as also the judiciary. It was stated in the notice that some of the coverages amounted to violation of some sections of the Programme Code. 

     

    One of the sections says that no programme should be carried, which is likely to encourage or incite violence or contains anything against maintenance of law and order or which promote anti-national attitudes. 

     

    Another section also asks channels not to carry anything, which contains aspersions against the integrity of the President and Judiciary. 

     

    Two of the broadcasters to whom notices have been sent had reportedly aired phone-in interviews of underworld figure Chhota Shakeel, while another channel is learnt to have telecast remarks of Memon’s lawyer. 

     

    Memon was convicted in 2007 as the person behind the attack in Mumbai in 1993 in which 257 people were killed as bombs exploded back to back.

  • Q1-2016: NDTV digital segment sees 51% YoY growth; net loss at Rs 24.3 crore

    Q1-2016: NDTV digital segment sees 51% YoY growth; net loss at Rs 24.3 crore

    MUMBAI: Consolidating its transition to a digital media company from a pure television play, New Delhi Television’s (NDTV) digital business has shown a growth of 51 per cent YoY. 

     

    In Q1-2016, the company’s digital and e-commerce revenues account for 21 per cent of total group topline, up from 13 per cent, last year. This reflects the ongoing commitment and investments of the NDTV group into building key digital assets.

     

    However, in Q1-2016, NDTV reported a loss of Rs 24.3 crore as compared to Rs 1.5 crore of last year. Of the Rs 24.3 crore loss, Rs 11 crore pertains to the e-commerce business.

     

    Speaking exclusively to Indiantelevision.com, NDTV CEO Vikram Chandra says, “Last year Q1 results of NDTV was one of the best quarters since inception generally for Television business Q3 and Q4 are stronger compared to Q1 and Q2.”

     

    “One of the biggest achievements for us in this quarter is the fact that we successfully closed the funding of our two new ventures Gadgets 360 and Fifth Gear Auto. We have put in constant efforts since the last two years to enhance our digital business and valuation and we are extremely happy to have quality investors investing in the two new projects,” he adds. 

     

    The group has raised funds at a combined valuation of $80 million, wherein $50 million was allocated for Gadgets expertise and $30 million for the Fifth Gear Auto venture. NDTV’s other e-commerce venture, Indiaroots also raised an additional $5 million.

     

    “Overall NDTV’s digital business has expanded to over $160 million, which shows our emphasis towards digital,” asserts Chandra. 

     

    The investors who invested in NDTV’s e-commerce ventures Gadgets and Car & Bike include: Inflexionpoint co-founder John Scully, Genpact founder Pramod Bhasin, Sixth Sense Ventures founder Nikhil Vora, former Unilever chairman Vindi Banga, M&S Partners founder and director Hiro Mashita and other high-net-individuals (HNIs).

     

    The total revenue generated by the group from its various businesses in the current year stands at Rs 125 crore compared to Rs 151 crore of last year. According to the financial analysis, the group has also cut down its expenses too shows the financial analysis of Q1 2015 as the expenses registered in the current quarter is Rs 140.3 crore compared to Rs 141.7 crore of last year.

     

    The company’s marketing spends have gone up to Rs 21.98 crore in the quarter as compared to Rs 19.43 crore last year.

     

    Click here for unaudited financial report

  • NDTV to air India’s first environment based reality show ‘Godrej Green Champions’

    NDTV to air India’s first environment based reality show ‘Godrej Green Champions’

    MUMBAI: Godrej along with NDTV presents ‘Godrej Green Champion’, a first of its kind environment based reality show, for the generation that wants to bring the ‘change’.

    ‘Godrej Green Champion’ is an epic journey of 15 challengers who believe that they can be the change in India. In this reality show, contestants vie for the ultimate title by traversing through India and seeing the country unfold through the eyes of environmentalists who challenge them at every stop.

    The ‘Champion’ of the show will get a seed capital of up to Rs 3 lakh to incubate an idea to solve an environmental issue.

    So join these challengers as they embark on a once in a lifetime trip and get inspired by giants of the green movement.

    ‘Godrej Green Champion premieres on Saturday, 1 August, 2015 across NDTV network channels, the repeat telecast will be aired on the Sunday.