We might actually see an Indian online content site getting listed on the stock exchange: NDTV is considering listing its website ndtv.com and its digital properties as a separate entity, which are operated by its digital subsidiary NDTV Convergence. We're not sure of which other properties come under NDTV Convergence, after the ecommerce properties - NDTV Gadgets, NDTV Auto and NDTV Cooks - were spun off as separate ecommerce portals in March 2015. NDTV Gadgets, NDTV Auto and NDTV Cooks are under Gadgets360.com, Carandbike.com and SmartCooky.com respectively. NDTV claims that its websites reach 65 million unique visitor per month. Note that in February 2014, NDTV's board approved the merger of NDTV Convergence and NDTV Labs, a subsidiary which offered real time data integration, graphic automation and branding solutions to broadcasters. That, it appears, will be a part of the listed entity. The last instance of an Indian website listing we can think of was Rediff. However, Rediff delisted from the NASDAQ stock exchange earlier this month as it could not meet regulatory requirements. Digital Financials NDTVs digital business reported revenues of Rs 37 crore for the March 2016 quarter, up from Rs 30 crore in the preceding quarter, and Rs 33 crore in the same quarter last year. The segment accounted for 21.38% of the total revenues, and reported an EBITDA of Rs 8 crore compared to Rs 10 crore in the preceding quarter. Television business NDTV's television business reported revenues of Rs 149 crore in the quarter, a growth of 14.61%…
- India To Expand ‘Trusted Sources’ Mandate to Bolster Cybersecurity Across Critical Sectors February 21, 2024
- Flipkart in talks to acquire delivery platform Dunzo: Report February 21, 2024
- You can soon share your Signal username instead of your phone number February 21, 2024
- Deep Dive: Unpacking the Bombay High Court verdict on the Indian government’s proposed Fact Checking Unit February 21, 2024
- RBI increases scrutiny of peer-to-peer lending platforms: Report February 21, 2024
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
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...