wordpress blog stats
Connect with us

Hi, what are you looking for?

NDTV Plans E-Commerce Biz; To Merge NDTV Convergence,NDTV Labs

NDTV plans to enter the ecommerce space, the company has informed the BSE. Its board has approved that NDTV Worldwide Ltd, a subsidiary of NDTV Ltd, will enter the e-commerce business.

NDTV WorldWide is the media services division of NDTV, and offers services like setting up and managing channels to broadcast training, channel branding and technology consultancy. It is not clear whether the company is referring to an online commerce business, or if is planning a new TV Channel, with home shopping, on the lines of STAR CJ and HomeShop18. NDTV’s FY12 Annual Report states that Shyatto Raha is the CEO & Director of NDTV Worldwide Limited. The company reported a turnover of Rs 22.74 crore in FY12, and a profit of Rs 6.8 Crore.

India is awash with e-commerce businesses – throw a stone at the audience in a digital conference, and you’ll hit seven. However, the sector is going through a significant amount of turbulence right now – companies are running out of cash, rumors abound about malpractices, the legality of some businesses is in question because the FDI policy hasn’t worked in favor of E-commerce in India.

A late entry into a market that has grown, but is now struggling for capital, isn’t that bad an idea – someone else has done the hard work and created a market for you. But the question remains whether NDTV will be able to pull it off – the affiliation with the NDTV brand will give it leverage, but being attached to a large (possibly, comparatively) bureaucratic firm might not quite help it scale.

Merger of NDTV Convergence And NDTV Labs

Advertisement. Scroll to continue reading.

The merger of NDTV Convergence Ltd and NDTV Labs still hasn’t been completed. They’re going to be merged into a new subsidiary, unnamed for now. NDTV Convergence is the digital business of the company, running NDTV’s online and mobile (does NDTV’s mobile business still exist?) business. NDTV Convergence reported revenues of Rs 33.95 crore for FY12 and a profit of Rs 5.39 crore. NDTV Labs reported revenues of Rs 2.86 crore for the same fiscal year, and a loss of Rs 0.39 crore.

What does this mean for MediaNama readers? We won’t get segmented information on NDTV Convergence’s financial results via NDTV’s annual report, next to next year onwards.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ