NDTV sells shares in online unit to pay rent

Television broadcaster NDTV Ltd said it was selling part of its stake in Red Pixels Ventures Ltd, an online focused subsidiary, to pay rent and meet other working capital requirements. NDTV Ltd holds about 37.04% of the online-focused outfit. NDTV said its board has approved...

Radio Mirchi to launch in Bahrain

Radio Mirchi, the FM radio brand from the Times of India group, will soon launch in the Middle Eastern kingdom of Bahrain. Entertainment Network (India) Limited or ENIL, the entity that is in charge of the group’s radio operations, said it has signed an agreement...