ITV

Tag: TV Today Network

  • TV Today Network approves execution of investment agreement with TMPL, LMIL and Zee

    TV Today Network approves execution of investment agreement with TMPL, LMIL and Zee

    MUMBAI:TV Today Network (TVTN) has approved the execution  of investment agreement  and letter agreement  with Today Merchandise Private Limited (TMPL), Living Media  India  Limited  (LMIL) and  Zee  Media  Corporation   Limited  (Zee).

    TVTN also approved the promoter promotion agreement  with TMPL, whereby  TVTN would be providing advertising and promotional services to TMPL of Rs 2.5 crore per annum for a period of five years.

    In consideration of providing the promoter promotion advertisement support, TVTN shall be issued CCDs of TMPL worth Rs 12.5 crore (being the amount of promoter promotion support to be provided by TVTN).  

    An official statement said such CCDs can be converted into equity shares after the expiry of five years from the date Zee has invested in TMPL.

     

  • TV Today Network appoints Rajeev Gupta as an independent director

    TV Today Network appoints Rajeev Gupta as an independent director

    MUMBAI: TV Today Network announced Rajeev Gupta as an independent director on the board of the company with effect from 5 March 2016 for a period of 5 years subject to shareholder approval.  

    With an experience of 33 years in manufacturing, investment banking and private equity, Gupta has worked as CEO for a scale challenged Indian magnetic components manufacture Cosmo Ferrites Limited for 5 years and he has worked as a product manager for a line of industrial abrasives in Grindwell Norton for 2 years 

    Gupta was also worked as M&A Head and Board member of DSP Merrill Lynch Ltd and set up his own M&A investment banking  Firm Arpwood Capital Ltd in 2012. He was a global partner of the Carlyle group and India Head of Asia Buyout Fund.

    The company informed the stock exchanges that the Gupta does not have any relationship with other  directors  of the Board of the Company. 

  • TV Today Network appoints Rajeev Gupta as an independent director

    TV Today Network appoints Rajeev Gupta as an independent director

    MUMBAI: TV Today Network announced Rajeev Gupta as an independent director on the board of the company with effect from 5 March 2016 for a period of 5 years subject to shareholder approval.  

    With an experience of 33 years in manufacturing, investment banking and private equity, Gupta has worked as CEO for a scale challenged Indian magnetic components manufacture Cosmo Ferrites Limited for 5 years and he has worked as a product manager for a line of industrial abrasives in Grindwell Norton for 2 years 

    Gupta was also worked as M&A Head and Board member of DSP Merrill Lynch Ltd and set up his own M&A investment banking  Firm Arpwood Capital Ltd in 2012. He was a global partner of the Carlyle group and India Head of Asia Buyout Fund.

    The company informed the stock exchanges that the Gupta does not have any relationship with other  directors  of the Board of the Company. 

  • Adcap violations cases against 15 TV channels put off to April

    Adcap violations cases against 15 TV channels put off to April

    NEW DELHI: Complaints against various television channels before Chief Metropolitan Magistrate relating to adcap violations by the Telecom Regulatory Authority of India (TRAI) are now slated to come up for hearing on 2 April.

    CMM (Delhi Central) Pooran Chand directed that as the matter was pending in the Delhi High Court, the interim orders would continue.

    TRAI had filed complaints before the Magistrate’s Court against IBN Lokmat News, Zee News, TV Today Network, Sun TV Network, Bennett Coleman & Co. Ltd, NDTV Lifestyle Ltd, Zee Entertainment Enterprises Odisha Television Ltd, Celebrities Management P Ltd, Eenadu Television P Ltd, Panorama Television P Ltd, MAA Television Network, Sarthak Entertainment P Ltd, and Prism TV Pvt. Ltd.

    According to information available with Indiantelevision.com, some of these cases have been pending since 2013. There have also been some instances wherein executives of various channels have been seeking exemption from personal appearance whenever the cases came up.

    In the Delhi High Court TRAI had earlier assured that no coercive action would be taken till the court’s final decision.

    However, the Delhi High Court had directed every channel, which was involved in the case before it, to maintain a register of the advertisement time consumed by them.

    The News Broadcasters Association (NBA) had challenged the adcap rule, contending that TRAI did not have jurisdiction to regulate commercial airtime on television channels. Apart from the NBA, the petitions were filed by Sarthak Entertainment, Pioneer Channel Factory, E24 Glamour, Sun TV Network, TV Vision, B4U Broadband, 9X Media, Kalaignar, Celebrities Management, Eenadu Television and Raj Television.

    Later Home Cable Network, which claims pay channels should not be permitted to carry advertisements, was impleaded. Discovery Communications has also filed for being impleaded and this application is slated to be heard on 29 March.  

  • Adcap violations cases against 15 TV channels put off to April

    Adcap violations cases against 15 TV channels put off to April

    NEW DELHI: Complaints against various television channels before Chief Metropolitan Magistrate relating to adcap violations by the Telecom Regulatory Authority of India (TRAI) are now slated to come up for hearing on 2 April.

    CMM (Delhi Central) Pooran Chand directed that as the matter was pending in the Delhi High Court, the interim orders would continue.

    TRAI had filed complaints before the Magistrate’s Court against IBN Lokmat News, Zee News, TV Today Network, Sun TV Network, Bennett Coleman & Co. Ltd, NDTV Lifestyle Ltd, Zee Entertainment Enterprises Odisha Television Ltd, Celebrities Management P Ltd, Eenadu Television P Ltd, Panorama Television P Ltd, MAA Television Network, Sarthak Entertainment P Ltd, and Prism TV Pvt. Ltd.

    According to information available with Indiantelevision.com, some of these cases have been pending since 2013. There have also been some instances wherein executives of various channels have been seeking exemption from personal appearance whenever the cases came up.

    In the Delhi High Court TRAI had earlier assured that no coercive action would be taken till the court’s final decision.

    However, the Delhi High Court had directed every channel, which was involved in the case before it, to maintain a register of the advertisement time consumed by them.

    The News Broadcasters Association (NBA) had challenged the adcap rule, contending that TRAI did not have jurisdiction to regulate commercial airtime on television channels. Apart from the NBA, the petitions were filed by Sarthak Entertainment, Pioneer Channel Factory, E24 Glamour, Sun TV Network, TV Vision, B4U Broadband, 9X Media, Kalaignar, Celebrities Management, Eenadu Television and Raj Television.

    Later Home Cable Network, which claims pay channels should not be permitted to carry advertisements, was impleaded. Discovery Communications has also filed for being impleaded and this application is slated to be heard on 29 March.  

  • Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    MUMBAI: There was bloodbath on the bourses as the benchmark Bombay Stock Exchange (BSE) Sensex crashed below the 23,000-level to close at 22,951.83, down 807.07 points (3.45 per cent) on Thursday, 11 February, 2016.

    The Nifty also crashed 232.30 points or 3.21 per cent to close the day at 6,983.40.

    Amongst other sectors that bore the brunt of this melt down, was also the media and entertainment sector, which saw red. Bucking the trend was Videocon Industries, which closed the day up 0.05 per cent at Rs 107.90 as compared to its previous day close of Rs 107.85.

    Balaji Telefilms was amongst one of the biggest losers with the stock slumping 14.57 per cent to close the day at Rs 89.70 as compared to its previous day close of Rs 105.

    Eros International Media slumped 12.40 per cent to Rs 156.85, down Rs 22.20 from its previous close of Rs 179.05.

    DQ Entertainment (International) was down 10 per cent to close the day at Rs 23.85 as compared to its previous day’s close of Rs 26.50.

    B.A.G Films & Media was down 9.87 per cent at Rs 3.47. Also affected was the direct to home (DTH) company Dish TV India, which closed the day at Rs 72.45, down 8.75 per cent.

    TV Today Network was down 7.16 per cent to close the day at Rs 280.60 and touched an intra day low of Rs 277.10.

    Network18 Media & Investments as well as Shemaroo Entertainment were down 6.32 per cent. While Shemaroo closed the day at Rs 249.10, Network18’s stock price stood at Rs 41.50 at the end of day’s trade.

    With a drop of 6.16 per cent, Saregama India closed the day at Rs 251.20, whereas multi system operator (MSO) Hathway Cable & Datacom lost 5.39 per cent to close the day at Rs 35.10.

    Den Networks dipped 5.22 per cent to close at Rs 66.30 after touching an intra-day high of Rs 71. Meanwhile Zee Learn was down 5.08 per cent to close at Rs 32.70.

    The Maran-owned Sun TV Network was down 4.48 per cent with the stock closing at Rs 326.40.

    MSO Siti Cable Network at Rs 33.10 was down 4.20 per cent as compared to its previous close of Rs 34.55.

    After opening at Rs 195.80 and touching an intra-day high of Rs 196, the Orissa based MSO Ortel Communications was also in the red, down 2.76 per cent to close the day at Rs 180 as compared to its previous day close of Rs 185.10.

    PVR’s stock was down 2.68 per cent to close the day at Rs 709.75. The company’s shares touched an intra-day high of Rs 735.80 and an intra-day low of Rs 695.

    Zee Entertainment Enterprises Limited (ZEEL) was down 2.64 per cent. The stock closed at Rs 369.40 from its previous close of Rs 379.40.
    Jagran Prakashan was down 2.31 per cent to close at Rs 156.30, whereas Zee Media Corporation closed at Rs 17.75 and was down 2.20 per cent.

    Entertainment India Ltd (ENIL) was down 1.64 per cent to close at Rs 673.30, while HT Media’s shares were down 0.46 per cent to close at Rs 75.65. Tips Industries’ stock closed at Rs 61.95, down 0.24 per cent.
    NDTV India remained at its previous day’s close of Rs 102.20 witnessing no change. The stock, however, touched an intra-day low of Rs 99.10.
    Share prices of all the companies in the 15 stock Nifty Media Index fell today. The Index was down 3.75 per cent, a fall that was more than the 3.32 per cent drop by the NSE Nifty 50.

    The Nifty Media Index opened at the start of the trading day at 2261.35 points, which was the high for the day. The Media Index witnessed a low of 2161.50, with the last traded price of 2177.45. The volume traded today was 127.36 lakhs (12.74 million) with a traded value of Rs 185.48 crore

    Although more shares of TV18 Broadcast changed hands (69.02 lakh, traded value Rs 26.12 crore), Zee Entertainment (Zeel) saw a traded value of Rs 93.22 crore (a little more than 50 per cent of the Media Index traded value for the day) on a volume of 25.04 lakh. Sun TV was another actively traded stock that saw volumes of 8.81 lakh on a traded value of Rs 29.42 crore.

  • Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    Bloodbath on Dalal Street; media & entertainment see red with Balaji leading fall

    MUMBAI: There was bloodbath on the bourses as the benchmark Bombay Stock Exchange (BSE) Sensex crashed below the 23,000-level to close at 22,951.83, down 807.07 points (3.45 per cent) on Thursday, 11 February, 2016.

    The Nifty also crashed 232.30 points or 3.21 per cent to close the day at 6,983.40.

    Amongst other sectors that bore the brunt of this melt down, was also the media and entertainment sector, which saw red. Bucking the trend was Videocon Industries, which closed the day up 0.05 per cent at Rs 107.90 as compared to its previous day close of Rs 107.85.

    Balaji Telefilms was amongst one of the biggest losers with the stock slumping 14.57 per cent to close the day at Rs 89.70 as compared to its previous day close of Rs 105.

    Eros International Media slumped 12.40 per cent to Rs 156.85, down Rs 22.20 from its previous close of Rs 179.05.

    DQ Entertainment (International) was down 10 per cent to close the day at Rs 23.85 as compared to its previous day’s close of Rs 26.50.

    B.A.G Films & Media was down 9.87 per cent at Rs 3.47. Also affected was the direct to home (DTH) company Dish TV India, which closed the day at Rs 72.45, down 8.75 per cent.

    TV Today Network was down 7.16 per cent to close the day at Rs 280.60 and touched an intra day low of Rs 277.10.

    Network18 Media & Investments as well as Shemaroo Entertainment were down 6.32 per cent. While Shemaroo closed the day at Rs 249.10, Network18’s stock price stood at Rs 41.50 at the end of day’s trade.

    With a drop of 6.16 per cent, Saregama India closed the day at Rs 251.20, whereas multi system operator (MSO) Hathway Cable & Datacom lost 5.39 per cent to close the day at Rs 35.10.

    Den Networks dipped 5.22 per cent to close at Rs 66.30 after touching an intra-day high of Rs 71. Meanwhile Zee Learn was down 5.08 per cent to close at Rs 32.70.

    The Maran-owned Sun TV Network was down 4.48 per cent with the stock closing at Rs 326.40.

    MSO Siti Cable Network at Rs 33.10 was down 4.20 per cent as compared to its previous close of Rs 34.55.

    After opening at Rs 195.80 and touching an intra-day high of Rs 196, the Orissa based MSO Ortel Communications was also in the red, down 2.76 per cent to close the day at Rs 180 as compared to its previous day close of Rs 185.10.

    PVR’s stock was down 2.68 per cent to close the day at Rs 709.75. The company’s shares touched an intra-day high of Rs 735.80 and an intra-day low of Rs 695.

    Zee Entertainment Enterprises Limited (ZEEL) was down 2.64 per cent. The stock closed at Rs 369.40 from its previous close of Rs 379.40.
    Jagran Prakashan was down 2.31 per cent to close at Rs 156.30, whereas Zee Media Corporation closed at Rs 17.75 and was down 2.20 per cent.

    Entertainment India Ltd (ENIL) was down 1.64 per cent to close at Rs 673.30, while HT Media’s shares were down 0.46 per cent to close at Rs 75.65. Tips Industries’ stock closed at Rs 61.95, down 0.24 per cent.
    NDTV India remained at its previous day’s close of Rs 102.20 witnessing no change. The stock, however, touched an intra-day low of Rs 99.10.
    Share prices of all the companies in the 15 stock Nifty Media Index fell today. The Index was down 3.75 per cent, a fall that was more than the 3.32 per cent drop by the NSE Nifty 50.

    The Nifty Media Index opened at the start of the trading day at 2261.35 points, which was the high for the day. The Media Index witnessed a low of 2161.50, with the last traded price of 2177.45. The volume traded today was 127.36 lakhs (12.74 million) with a traded value of Rs 185.48 crore

    Although more shares of TV18 Broadcast changed hands (69.02 lakh, traded value Rs 26.12 crore), Zee Entertainment (Zeel) saw a traded value of Rs 93.22 crore (a little more than 50 per cent of the Media Index traded value for the day) on a volume of 25.04 lakh. Sun TV was another actively traded stock that saw volumes of 8.81 lakh on a traded value of Rs 29.42 crore.

  • TV Today Network appoints Kalli Purie as whole time director

    TV Today Network appoints Kalli Purie as whole time director

    MUMBAI: TV Today Network has named Kalli Purie Bhandal as the new whole time director. 

    Daughter of TV Today Network managing director Aroon Purie, Bhandal will serve the company for a period of five years till 7 February, 2021.

    Before taking up this responsibility, Bhandal was working with Today Magazines Lifestyle. 

    She has also worked with World Media Trading Limited and Radio Today Broadcasting Limited.

  • TV Today Network appoints Kalli Purie as whole time director

    TV Today Network appoints Kalli Purie as whole time director

    MUMBAI: TV Today Network has named Kalli Purie Bhandal as the new whole time director. 

    Daughter of TV Today Network managing director Aroon Purie, Bhandal will serve the company for a period of five years till 7 February, 2021.

    Before taking up this responsibility, Bhandal was working with Today Magazines Lifestyle. 

    She has also worked with World Media Trading Limited and Radio Today Broadcasting Limited.

  • TV Today Network’s shareholders approve raising FDI limit to 26%

    TV Today Network’s shareholders approve raising FDI limit to 26%

    MUMBAI: Shareholders of the Aroon Purie led TV Today Network, which runs the Hindi news channel Aaj Tak and English news channel India Today Television, have approved to increase the foreign direct investment (FDI) limit in the company up to 26 per cent.

     

    As of now, TV Today does not have holdings by any foreign institutional investors (FIIs). Currently, TV Today’s mother company Living Media India has a 56.92 per cent stake in the company, whereas TV Today Network managing director Aroon Purie owns 0.49 per cent, which together totals to 57.42 per cent. The remaining 42.58 per cent is held by various mutual funds, financial institutions, insurance companies, individuals, trusts and NRIs (Non Resident Indians) amongst others.

     

    The company said that subject to approval of the Foreign Investment Promotion Board (FIPB), it’s shareholders had approved to increase the limits of foreign investment by FPI (Foreign Portfolio Investor) and FIIs up to 26 per cent and by NRIs up to 24 per cent of the paid up capital of the company, under the Portfolio Investment Scheme (PIS) of FEMA Regulations 2000.

     

    It may be recalled that in June this year, the company’s board had approved the increase in foreign investment limit, which was subject to shareholder’s approval. 

     

    Purie along with TV Today Network head – legal & compliances, company secretary and vice president (internal audit) Dr Puneet Jain have been authorised to expedite the process by preparing all necessary documents as well as inform the concerned authorities or regulatory bodies for the same. 

     

    Currently the Indian government allows upto 26 per cent FDI and investment by NRIs, PIOs, FIIs and FPIs in media companies that publish newspapers and periodicals or run news and current affairs channels.