NDTV officially denies sale to Ajay Singh

India’s oldest English television news broadcaster NDTV officially denied that it has been sold to Ajay Singh, the promoter of SpiceJet. “We wish to inform you that the promoters of the Company have not entered into any agreement for sale of their stake in the Company to any person,” NDTV Ltd said in an official […]

Stock Exchange seeks clarification from NDTV on Ajay Singh’s stake-buy

The National Stock Exchange has again sought a clarification from NDTV after the Indian Express reported that SpiceJet promoter Ajay Singh was now the biggest shareholder in the media company. UPDATE: NDTV has denied the rumors. According to the newspaper, Singh has acquired a 60% stake in the media company, restricting existing promoters led by […]

Gang war or lynching? NDTV withdraws headline after outrage

NDTV, the oldest television news channel in India, was forced to withdraw a headline that portrayed gang violence in Dhule in Maharashtra as yet another case of ‘lynching’ in India after readers objected. Many commenters felt that the channel, which has been attempting to project itself as ‘Liberal’ outfit standing up to a ‘right wing’ […]

Google’s Rajan Anandan, Mohandas Pai’s son invest in NDTV food website

NDTV has closed funding for a new platform that will sell healthy foods and personal care products from across the country through its subsidiary- Smartcooky Internet Limited. Smartcooky.com is based on NDTV’s current food site — food.ndtv.com which has “almost 3 million unique visitors a month.” SmartCooky Internet Limited, has raised funds at a valuation […]

NDTV confirms receipt of Enforcement Directorate notice

NDTV said it, along with some of its officebearers, have got a notice from the Enforcement Directorate asking why it should not be subjected to penalties for violating foreign exchange rules. “The Company along with Prannoy Roy, Executive Co-Chairperson, Radhika Roy, Executive Co-chairperson, K.V.L. Narayan Rao, Executive Vice Chairperson and NDTV Studios Ltd have on […]

NDTV Gadgets valued at Rs 325 cr; investors include Paytm

NDTV has finally announced that it has raised an unspecified amount of money by selling stake in its NDTV Gadgets portal. The investments have been made after valuing the unit at $50 mln (around Rs 325 cr). Interestingly, that amount is close to almost half of the value of the parent firm’s shares — which […]

NDTV to enter e-commerce sector

NDTV, one of India’s biggest TV groups, has signed term sheets with unnamed investors under which they would explore the possibility of supporting NDTV’s entry into the ecommerce sector, the company said. “The Company and NDTV Convergence Limited, a subsidiary of the Company, have signed preliminary, non-binding term sheets with certain potential investors for e-commerce […]