ITV

Tag: Prannoy Roy

  • SAT further stays SEBI’s impugned order against NDTV till next hearing

    SAT further stays SEBI’s impugned order against NDTV till next hearing

    MUMBAI: The Securities Appellate Tribunal has further extended the relief to New Delhi Television news channel’s promoters Prannoy Roy and Radhika Roy, against the impugned order of the Securities and Exchange Board of India till next hearing.

    According to a BSE filing of the NDTV, “The Securities Appellate Tribunal at Mumbai, at a hearing on February 24, 2020, has extended the stay; in operation against the Impugned Order granted vide order dated June 18, 2019, until the next date of hearing.”

    The appeals have accordingly been adjourned, and are now scheduled to be listed on 21 April 2020.

    SEBI on 14 June 2019 had debarred the Roys from holding any key managerial positions in the board or the management of the news channel company for being involved in fraudulent activities.

    SEBI had also debarred both the promoters of the company along with their RRPR Holdings, from accessing the stock markets or selling their holdings in the news channel. The Roys were found to be in violation of NDTV's code of conduct, SEBI had said in its order.

    SEBI had come out with an order after carrying out a detail probe into allegations against the promoters of the company and their holdings for not disclosing material information to the shareholders  about loan agreements entered into with Vishva Pradhan Commercial Private Ltd.

  • English news records highest ratings in 2020 during Delhi elections, results week

    English news records highest ratings in 2020 during Delhi elections, results week

    BENGALURU/MUMBAI: Runup to elections and election results announcements are big viewership drivers for news channels in India. Assembly elections on 8 February 2020 and announcement of the election results of the New Delhi legislative assembly in week 6 of 2020 (Saturday, 8 February 2020 to Friday, 14 February 2020, week or period under review) boosted the combined viewership of the Top 5 English News channels by 49.5 percent as compared to the previous week. Broadcast Audience Research Council of India (BARC) reported a total of 2.741 million impressions for the top 5 English News channels in the week under review. The combined total of the top 5 channels during the previous week (week 5 of 2020) was 1.835 million weekly impressions.

    Combined impressions of the top 5 English News channels in week 6 of 2020 was the highest ratings to date in 2020. The previous highest combined total of the top 5 English News channels in 2020 was in week 4 at 2.582 million weekly impressions. Further, the average combined weekly impressions of the top 5 English News channels during 41 weeks of the previous calendar year was 2.271 million weekly impressions. It must be remembered that BARC had stopped publication of ratings in the public domain to allow viewership to stablise after the implementation of Telecom Regulatory Authority of India (TRAI) New Tariff Order (NTO) for the weeks 6 to 12 of 2019. Hence, average of the remaining 41 weeks of 2019 (weeks 13 to 53 of 2019) or post week 12 of 2019 average has been considered.

    Top 5 English News Channels in week 6 of 2020

    Four of the channels in BARC’s weekly list of Top 5 English News channels for week 6 of 2020 were the same as in the previous week. Pub-caster Doordarshan’s English News channel DD India exited the list during the period under review, while the Radhika and Pronnoy Roy headed NDTV 24×7 made a rare appearance into BARC’s weekly list of Top 5 English News channels in week 06 of 2019.

    At its normal numero uno position was the Arnab Goswami headed Republic TV with a phenomenal 74.5 percent lead in ratings in week 6 of 2020 of 1.141 million weekly impressions as compared to the 0.654 million weekly impressions in week 5. Also at its normal second rank was Times Now with 0.664 million weekly impressions in week 6 of 2020 which was 24.3 percent more than the 0.534 million weekly impressions in week 5. Continuing on at its previous week’s third rank was the India Today group’s India Today Television with 0.415 million weekly impressions in week 6 of 2020, a jump of 40 percent from the 0.303 million weekly impressions in the previous week.

    Climbing up to fourth rank in week 6 of 2020 from the previous week’s fifth rank was Network18’s CNN News18 with 0.263 million weekly impressions, which was 61.3 percent more than the 0.163 million weekly impressions in week 5. Entering BARC’s weekly lists of Top 5 English News channels for was NDTV 24×7 with 0.258 million weekly impressions. This was NDTV 24×7 second appearance in BARC’s top 5 English News channels list in 2020. The channel had appeared in the lists earlier in calendar year 2020 in week 1.

  • JNU incident raises English News ratings afterslump in last week of 2019

    JNU incident raises English News ratings afterslump in last week of 2019

    BENGALURU: After an expected slump in viewership in the last BARC week of 2019 – week 53 (Saturday 28 December 2019 to Friday, 3 January 2020), the combined viewership of top 5 English News channels increased 9.2 percent to 1.835 million weekly impressions in week 1 of 2020 (Wy01 of 2020) from 1.681 million. Viewership was also boosted by the happenings at the Jawaharlal Nehru University (JNU) on January 5 and their subsequent fall out.

    There was a small change in Broadcast Audience Research Council of India (BARC) weekly list of top 5 English News channels in week 1 of 2019 (Saturday, 4 January 2020 to Friday 10 January 2020) – pubcaster network Doordarshan’sEnglish News channels DD India exited the list to be replaced by the Pronnoy and Radhika Roy led NDTV 24×7 which re-entered BARC’s weekly list after a short hiatus of two weeks. Earlier NDTV 24×7 had re-entered BARC’s weekly list of top 5 English News channels in week 51 of 2019 for the first time since BARC Recommenced publication of viewership data in the public domain in week 13 of 2019. BARC had stopped publication of weekly data in the public domain between weeks 6 and 12 of 2019 to enable  stabilisation of viewership after the implementation of Telecom Regulatory Authority of India (TRAI) New Tariff Order.

    Please refer to the figure below:

    As has become the norm, the top 2 channels in BARC’s weekly list of top 5 English News channels in week 1 of 2020 were same – the Arnab Goswami led Republic TV and his previous employer – Times Now. India Today Television moved up a place to rank 3 in week 1 of 2020 from rank 4 in week 53 of 2019. CNN News India also moved up a place to rank 4 during the week under consideration from rank 5 in the previous week. As mentioned above, NDTV 24×7 re-entered the list at rank five.

    Please refer to the figure below:

    Republic TV saw its ratings climb 8.1 percent to 0.615 million impressions in week 1 of 2020 from 0.569 million in the previous week. Times Now saw its viewership climb 14 percent in week 1 0f 2020 to 0.481 million weekly impressions from 0.422 million weekly impressions in week 53 of 2019. The India Today group’s India Today Television saw ratings jump 27.7 percent in week 1 of 2020 to 0.327 million weekly impressions from 0.256 million.

    CNN News18 saw viewership climb 26.6 percent to 0.224 million weekly impressions from 0.177 million weekly impressions. NDTV 24×7 entered the list with 0.188 million weekly impressions in week 1 of 2020.

    Please refer to the figure below

  • CAA protests helped English News ratings spurt in weeks 51 and 52

    CAA protests helped English News ratings spurt in weeks 51 and 52

    BENGALURU: Anti and pro CAA protests helped bump up English News viewership in weeks 51 and 52 of 2019 as compared to the previous week according to Broadcast
    Audience Research Council of India (BARC) weekly data. BARC data of top 5 English News channels for weeks 51 and 52 saw viewership jump 22.68 percent and 16.99 percent respectively for weeks 51 and 52 as compared to week 50 of 2019. Viewership of Top 5 English News channels in week 52 declined 4.63 percent as compared to week 51 of 2019.Combined viewership of top 5 English News channels in weeks 50, 51 and 52 was 1.883 million, 2.310 million and 2.203 million weekly impressions respectively.

    Week 50 = Saturday, 7 December 2019 to Friday, 13 December 2019
    Week 51 = Saturday, 14 December 2019 to Friday, 20 December 2019
    Week 52 = Saturday, 21 December 2019 to Friday, 27 December 2019

    It must be noted that (1) BARC released viewership data in the public domain for weeks 51 and 52 of 2019 on 3 January 2020 due to problems in collection of data from a number of states that faced protests for and against the CAA. Also BARC has reverted to an older method of considering data starting week 23 of 2019.

    Please refer to the chart below for combined ratings of top 5 English News channels
    between weeks 13 and 52 of 2019.

    Ratings of top 5 English News channels

    Please refer to the figure below for ratings of top 5 English News channels between weeks 13 and 52 of 2019. It must be noted that NDTV 24×7 was present for only week – week 51 of 2019 during the 40 week period in the figure below:

    Week 51 saw the entry of Prannoy and Radhika Roy-run NDTV 24×7 in BARC’s weekly list of top 5 English News channels after a long hiatus at the cost of pub-caster’s English News channel DD India. However, NDTV 24×7 entry was short-lived – it exited BARC’s weekly list of top 5 English News channels in week 52 with the return of DD India. The other 4 channels in BARC’s weekly lists were same during the three weeks under consideration in this paper. Please refer to the figure below for the ranking of top 5 channels between weeks 13 and 52 of 2019.

    As has been the norm in general, the Arnab Goswami-headed Republic TV was ranked one during all the three weeks under consideration. Republic TV scored 0.589 million,
    0.806 million and 0.748 million weekly impressions in weeks 50, 51 and 52 respectively. Times Now was also ranked second during all the three weeks under consideration with 0.508 million, 0.618 million and 0.569 million weekly impressions in weeks 50, 51 and 52
    of 2019.

    In week 50, DD India was ranked third with 0.313 million weekly impressions. In weeks 51 and 52, it was the India Today Group’s India Today Television that was ranked third with 0.362 million and 0.371 million weekly impressions respectively. India Today Television was at rank 4 in week 50 with 0.265 million weekly impressions. As mentioned above, NDTV 24×7 entered the list in week 51 with 0.269 million weekly impressions, while in week 52 it was DD India at rank 4 with 0.291 million weekly impressions.

    Network18’s CNN News18 was ranked fifth during all the three weeks under consideration. The channel scored 0.208 million, 0.255 million and 0.224 million weekly impressions in weeks 50, 51 and 52 of 2019 respectively.

  • NDTV numbers down for Q2 2020

    NDTV numbers down for Q2 2020

    BENGALURU: The Prannoy and Radhika Roy-led New Delhi Television Ltd (NDTV) reported consolidated loss of Rs 10.50 crore for the quarter ended 30 September 2019 (Q2 2020, quarter or period under review) as compared to a profit of Rs 0.58 crore for the corresponding year ago quarter Q2 2019 (y-o-y). Consolidated operating revenue for the period under review declined 17.4 percent y-o-y to Rs 77.22 crore from Rs 102.24 crore in Q2 2019.

    Consolidated total income which includes operating revenue as well as other income for Q2 2020 declined 21.8 percent y-o-y to Rs 78.8 crore from Rs 10.83 crore.

    Consolidated Operating loss for the period under review was Rs 0.76 crore as compared to an operating profit (EBITDA) of Rs 4.35 crore in Q1 2019.

    The company has two segments – television media and related operations (TV); and Retail/Ecommerce segment (Retail). For its TV segment, NDTV reported 17.6 percent y-o-y revenue decline at Rs 75.81 crore for Q2 2020 from Rs 92.03 crore. TV segment operating result for Q2 2020 was loss at Rs 1.25 crore as compared to an operating profit of Rs 13.92 crore for Q1 2019. For the Retail segment, NDTV reported revenue of Rs 1.87crore for Q2 2020 as compared to Rs 3.69 crore in Q2 2019. NDTV reported negative operating result (loss) to the extent of Rs 0.66 crore and loss of Rs 5.40 crore for Q2 2020 and Q2 2019 respectively.

    Let us look at the other numbers reported by NDTV

    Total expenses in Q2 2020 reduced 11.2 percent y-o-y to Rs 87.57 crore  from Rs 98.65 crore. Production expenses and cost of services in Q2 2020 reduced 5.3 percent y-o-y to Rs 21.10 crore from Rs 22.29 crore. Finance costs increased 8.2 percent y-o-y in Q2 2020 to Rs 6.86 crore from Rs 6.34 crore during the corresponding period of the previous year. Employee benefit expense reduced 20.8 percent y-o-y in Q2 2020 to Rs 28.91 crore from Rs 36.49 crore in Q2 2019. Operating and administrative cost in the quarter under review increased 2.5 percent y-o-y to Rs 19.55 crore from Rs 19.08 crore in Q2 2019. Marketing distribution and promotional expenses in Q2 2020 was 25.3 percent lower y-o-y at Rs 8.42 crore as compared to Rs 11.27 crore. 

  • CBI books NDTV promoters for FDI violations: report

    CBI books NDTV promoters for FDI violations: report

    MUMBAI: The Central Bureau of Investigation (CBI) has booked promoters of news channel NDTV, Prannoy Roy, Radhika Roy, former CEO and director Vikram Chandra and some Income Tax officials on charges of conspiracy, cheating and corruption. They are being accused of allegedly violating FDI rules between 2004 and 2010.

    As per a report by Hindustan Times, NDTV has dismissed the allegations stating that they are ‘malicious’ and ‘fabricated’ so as to ‘silence free and fair reportage’.

    The CBI is alleging that NDTV colluded with IT officials to bring tainted money into the system through a web of complex transactions through FDI. This was done by floating 32 subsidiaries in various tax havens across the world such as Mauritius, Netherlands, Dubai, UK and Malaysia. The CBI states that NDTV’s London company raised funds worth $120 million from two companies while the Netherlands company raised $150 million from NBCUniversal, which was at the time a subsidiary of General Electric Inc. The money was then routed to different NDTV Group subsidiaries such as NDTV Imagine Ltd, NDTV Life Style Ltd, NDTV Emerging Market BV, NDTV Convergence Ltd and NDTV Labs Ltd.

    NDTV, in a written response, said, “As part of the continued persecution of free press, a new CBI case has been filed about a $150 million investment in NDTV’s non-news business by NBCU, then owned by General Electric, a massive American conglomerate. The case makes the ludicrous charge that the transaction, declared to all relevant authorities in the US and India, laundered money for unknown public servants.”

    “Attempts to silence free and fair reportage through malicious and fabricated charges will not succeed. This is not about a company or individuals but about a larger battle to maintain the freedom of the press, something which India has always been renowned for,” the statement added.

  • NDTV profits up in Q1 FY20

    NDTV profits up in Q1 FY20

    BENGALURU: The Prannoy and Radhika Roy-led New Delhi Television Ltd (NDTV) reported consolidated profit after tax of Rs 16.66 crore for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to a loss of Rs 10.73 crore for the corresponding year ago quarter Q1 2019 (y-o-y). Consolidated PAT for the period under review grew 26.4 per cent from the Rs 13.18 crore reported in the immediate trailing quarter Q4 2019 (q-o-q).

    The company reported 10.3 per cent y-o-y growth and 7.3 per cent q-o-q growth in consolidated operating revenue for Q1 2020 at Rs 109.67 crore. For Q1 2019 and Q4 2019 the company had reported consolidated operating revenues of Rs 99.43 crore and Rs 102.24 crore respectively. Consolidated total income which includes operating revenue as well as other income for Q1 2020 grew 12 per cent y-o-y to Rs 113.87 crore from Rs 101.66 crore, but declined 1.2 per cent q-o-q from Rs 115.28 crore.

    Operating EBITDA for the period under review grew 275.2 per cent (almost quadrupled) per cent y-o-y to Rs 25.29 crore (23.1 per cent of operating revenue) from Rs 6.74 crore (6.8 per cent of operating revenue) and grew 46.5 per cent q-o-q from Rs 17.26 crore (16.9 per cent of operating revenue).

    The company has two segments – television media and related operations (TV); and Retail/Ecommerce segment (Retail). For its TV segment, NDTV reported 11.5 per cent y-o-y revenue growth at Rs 108.96 crore for Q1 2020 from Rs 97.72 crore and 7.8 per cent q-o-q revenue growth from Rs 101.40 crore. TV segment operating result for Q1 2020 was 164.5 per cent y-o-y higher at Rs 27.64 crore from Rs 10.45 crore but was 1.7 per cent lower q-o-q than Rs 28.12 crore. For the Retail segment, NDTV reported revenue of Rs 1.65 crore for Q1 2020 which was 55.3 per cent lower y-o-y than Rs 3.69 crore and was 13.6 per cent lower q-o-q than Rs 1.91 crore. NDTV reported negative operating result (loss) for all the three quarters to the extent of Rs 1.05 crore, 4.71 crore and Rs 0.33 crore for Q1 2020, Q1 2019 and Q4 2019 respectively.

    Let us look at the other numbers reported by NDTV

    Total expenses in Q1 2020 reduced 8.4 per cent y-o-y to Rs 93.96 crore from Rs 102.58 crore. Production expenses and cost of services in Q1 2020 increased 28.3 per cent y-o-y to Rs 24.16 crore from Rs 18.83 crore. Finance costs increased 0.3 per cent y-o-y in Q1 2020 to Rs 6.68 crore from Rs 6.66 crore during the corresponding period of the previous year. Employee benefit expense reduced 18.9 per cent y-o-y in Q1 2020 to Rs 31.46 crore from Rs 38.77 crore in Q1 2019. Operating and administrative cost in the quarter under review reduced 19.2 per cent y-o-y to Rs 16.51 crore from Rs 20.44 crore in Q1 2019. Marketing distribution and promotional expenses in Q1 2020 was 16.4 per cent lower at Rs 12.25 crore as compared to Rs 14.68 crore.

  • Most watched English news channels in 2018

    Most watched English news channels in 2018

    BENGALURU: News is event driven. Events can be of two types – planned and unplanned. Among the planned events are elections, public events, etc.Unplanned events include deaths of celebrities, calamities, accidents and disasters, acts of terrorism, etc.

    Besides providing news, news channels help spread a message, build and influence public opinion and even policy. The multitude of debates and special
    programmes have often made celebrities out of the announcers, even when they shift channels. A classic and a living example is Arnab Goswami, who was instrumental in making Times Now the most watched English news in the country until he launched another channel – Republic TV. Right from the very first week of its launch in week 19 of 2017, Republic TV has topped Broadcast Audience Research Council of India (BARC) weekly ratings of top 5 English news channels, except for one week – week 31 of 2018.

    A digression. As a matter of fact, it’s Goswami’s style of debating, literally forcing his views, opinions onto the debate participants and viewers, that is unique. It is a style that has not been replicated by any other news announcer or debate moderator so far. His style has made the older stars of English news look pale, stale and redundant. Now onto how the news genres performed in calendar year 2018.

    Some major events such as elections, be they on a national, a regional or sometimes even on a local level, drive ratings of news channels north. Broadcast Audience Research Council of India (BARC) provides data for the top 5 English news channels. As mentioned above, ratings, BARC ratings to be more precise, of the English news genre peaked around the periods before, during and after the assembly elections three times in 2018. During election period, ratings normally have an upward spike in the week in which the election results are announced. Channels go hyper during the days leading to election results day with campaigns for attracting viewership across a number of mediums – television, newspapers, social media, hoardings and even local radio. Important scheduling of the programming to come is shared with viewers. BARC data indicates that channels release lower ad time and sell it a premium during election periods.

    In 2018, the first set of elections that lead to a spike in ratings were the assembly elections in north eastern states, followed by elections in Karnataka,the period during which English News peaked. The Karnataka elections were followed by elections in three Hindi heartland states, one in East India and one state in North east. Ratings also peaked in mid-August 2015 – (week 33 of 2018) the major events at that time being the Indian Independence day celebrations on 15 August, followed by the demise of former Indian prime minister Atal Bihari Vajpayee the very next day on 16 August 2018.

    As mentioned above, right from its launch week, week 19 of 2017, Republic TV has been at rank no 1 in BARC’s weekly list of top 5 English News channels (All India (U+R) : NCCS AB : Males 22+ Individuals). Republic TV was followed by Times Now, often quite closely.

    Of the six English news channels that appeared in BARC’s weekly lists, four – Republic TV, Times Now, India Today TV and CNN News18 were present in the list during all the 52 BARC weeks of 2018. Two other channels – NDTV 24X7 and the Times Group’s Mirror Now also made it to the lists for 39 weeks and 13 weeks respectively.Please refer to the chart below for English News ratings BARC ratings trends in the chart below.

    Republic TV averaged 877.635 (000s) weekly impressions during the 52 BARC weeks of 2018 with a peak of 1,650 (000s) weekly impressions in week 20 of 2018 (Karnataka election period) and a nadir of 547 (000s) weekly impressions in week 11 of 2018.

    Times Now averaged 739.885 (000s) weekly impressions with a peak of 1,417 (000s) weekly impressions in week 20 of 2018 and a low of 445 (000s) weekly impressions in week 11 of 2018.

    India Today TV averaged 326.154 (000s) weekly impressions during the 52 weeks of 2018 with a peak of 814 (000s) weekly impressions in week 13 of 2018 and a low of 210 (000s) weekly impressions in week 41 of 2018.

    CNN News18 averaged 214.539 (000s) weekly impressions during the 52 weeks of 2018 with a peak of 943 (000s) weekly impressions in week 33 of 2018 and a low of 161 (000s) weekly impressions in week 25 of 2018.

  • NDTV broadcast operations’ profitable run continues in Q3 2019

    NDTV broadcast operations’ profitable run continues in Q3 2019

    BENGALURU: Indian television media company New Delhi Television Ltd (NDTV) reported profits for the third consecutive quarter in the current fiscal from its broadcast operations, a record that has happened for the first time in fourteen years claims the company in a press release. Despite a year-on-year (y-o-y) drop in revenues the company has managed to turn fortunes around by paring off of a number of expenses, the most notable being employee cost, which has dropped by more than a third (36.7 percent) in the latest quarter as compared to the corresponding year ago quarter.

    For the quarter ended 31 December 2018 (Q3 2019, quarter or period under review), NDTV has reported consolidated profit after tax of Rs 8.31 crore (8.1 percent of operating income) as compared to a consolidated loss of Rs 21.04 crore for the corresponding year ago quarter (Q3 2018). NDTV’s consolidated total comprehensive income (TCI) for the quarter under review was Rs 8.31 crore as compared to a consolidated total comprehensive loss of Rs 22.42 crore for Q3 2018.  The company’s consolidated operating profit (operating EBITDA) for the period was Rs 17.3 crore (16.9 percent of operating revenue) as compared to a consolidated operating loss (negative EBITDA) of Rs 2.58 crore) in Q3 2018.

    Segment numbers

    NDTV has two segments – television media and related operations (Television) and retail/ecommerce. Television revenue for Q3 2019 declined 8.1 percent y-o-y to Rs 100.54 crore from Rs 109.40 crore. Television segment reported results of Rs 20.35 crore in Q3 2019 as compared to Rs 7.46 crore in Q3 2018.

    Retail/ecommerce segment had operating revenue of Rs 2.20 crore in Q3 2019 as compared to Rs 4.55 crore in Q3 2018. The segment’s loss for the period declined to Rs 2.09 crore from Rs 9.50 crore.

    Let us look at the other numbers reported by the company

    NDTV’s consolidated operating revenue for Q3 2019 declined 8.2 percent y-o-y to Rs 102,64 crore as compared to Rs 111.68 crore for the corresponding year ago quarter. Total revenue including other income also dropped by 8.2 percent y-o-y in the period under review to Rs 106.50 crore as compared to Rs 116.05 crore for Q3 2018.

    Total expenses in Q3 2019 reduced 22.7 percent y-o-y to Rs 95.21 crore (92.9 percent of operating revenue) from Rs 128.22 crore (110.3 percent of operating revenue). The company has reduced most of the major expenses, however, amongst the major ones, finance costs increased 36.1 percent y-o-y in Q3 2019 to Rs 6.97 crore (6.8 percent of operating revenue) from Rs 5.12 crore (4.6 percent of operating revenue) crore during the corresponding period of the previous year.

    As mentioned above, employee benefit expense reduced 36.9 percent y-o-y in Q3 2019 to Rs 31.26 crore (30.5 percent of operating revenue) from Rs 49.38 crore (44.2 percent of operating revenue) in Q3 2018. Operating and administrative cost in the quarter under review increased 27.9 percent y-o-y to Rs 18.06 crore (17.6 percent of operating revenue) from Rs 25.06 crore (22.4 percent of operating revenue) in Q3 2018. Marketing distribution and promotional expenses in Q3 2019 was 29.9 percent lower at Rs 11.64 crore (11.4 percent of operating revenue) as compared to Rs 16.6 crore (14.9 percent of operating revenue)

    The NDTV Group

    The company’s financial statements claim that the NDTV Group has made profits for the quarter under review as compared to the corresponding year ago quarter. Further, profit for Q3 2019 has gone up by Rs 7.72 crore as compared to the preceding quarter (Q2 2019). Similarly, losses for the nine-month period ended 31 December 2018 (9M 2019) have gone down to Rs 1.58 crore from Rs 67.82 crore for 9M-2018. NDTV says that based on current business plans and projections, the company/group expects growth in operations and improvement in operational efficiency. To meet long term and short-term working capital requirements, which includes certain overdue payments, the management continues to implement various options like rationalising costs, negotiating extended credit terms and divestment of non-core businesses address these matters and building efficiency in collections.

    The company’s media release says that NDTV Convergence, the company’s digital arm, has, for the first time, earned more than Rs 40 crore in one quarter. In December, the company disclosed that it has signed a five-year advertising deal worth more than Rs 300 crore with native advertising platform Taboola.

  • NDTV’s Prannoy & Radhika Roy get SEBI notice for insider trading

    NDTV’s Prannoy & Radhika Roy get SEBI notice for insider trading

    MUMBAI: Market regulator Securities and Exchange Board of India (SEBI) has issued a show cause notice to Dr Prannoy Roy and his wife Radhika, both promoters of New Delhi Television Ltd (NDTV) for alleged insider trading.

    “Prannoy Roy and Radhika Roy, have informed that on 10 September 2018, they have received a show cause notice dated 31 August 2018, by the Securities and Exchange Board of India,” NDTV said in a regulatory filing.

    NDTV said the notice has been issued alleging violation of provisions of Section 12A (d) and (e) of the SEBI Act read with Regulation 3(i) and Regulation 4 of SEBI(Prohibition of lnsider Trading) Regulations, 1992.

    It further stated, “The promoters of NDTV are in the process of seeking legal advice to take appropriate action in the said matter. Since the company is not a party to the show cause notice, there will not be any financial implications of the show cause notice on the company”.

    NDTV closed Tuesday 3 per cent down at Rs 34.30 on the BSE, while the 30-share Sensex ended the day 1.34 per cent down at 37,413.