Media house NDTV has informed BSE that its board of directors had mandated NDTV management to focus on further investing in its online assets "to accelerate the Company’s leadership position to benefit from the digital revolution". This is after the company board had directed the management to explore restructuring or private placement in NDTV's digital business NDTV Convergence and other subsidiaries in May this year. NDTV Convergence currently operates the company's digital properties like NDTV.com, NDTV Gadgets, NDTV Auto and NDTV Cooks among others along with NDTV's mobile apps. Interestingly, this move comes at a time when one of NDTV's shareholders Quantum Securities has issued a public notice alleging that NDTV has portrayed certain present and future financial growth without disclosing its financial liabilities during its recent presentation meetings with investors, fund managers and equity brokers, as indicated by a NewsLaundry report. In the presentation (pdf) which was later released by the company, NDTV mentions that the "sum of parts of NDTV group assets is not reflected in the market cap of the company, which is especially true for the value of its digital assets". NDTV also refuted these allegations to NewsLaundry and mentions that it communicated its tax liabilities verbally during the meeting. The report says this was corroborated by video recordings of the same. NDTV also mentions that the meeting was with stock analysts and not with probable investors. NDTV Convergence results: For the quarter ended September 30, 2014, NDTV mentions that NDTV Convergence witnessed a 22% year-on-year revenue growth in this quarter. However, the company doesn't seem to think the division is important enough to…
- Indian government will certify permissible online games until SRO is formed: Rajeev Chandrasekhar June 1, 2023
- Key recommendations on use of Generative AI in India by industry stakeholders: INDIAai Report June 1, 2023
- RBI’s Annual report 2023: Digital rupee project to be expanded to more cities and banks May 31, 2023
- Indian telecom regulator warns principal entities to comply with directives on spam or risk being blocked May 31, 2023
- Six key points from the revised guidelines for education ads by Advertising Standards Council of India May 31, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...
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...