Page 6 - Ndtv

NDTV Sept quarter profit rises 14% to Rs 13 cr, revenue up 16% to Rs 105 cr

Media firm New Delhi Television Ltd (NDTV) on Wednesday reported an increase of 4.4 per cent in consolidated net profit to Rs 13.03 crore for the second quarter ended September. The company had posted a net profit of Rs 12.48 crore during the July-September quarter a year ago, according to a regulatory filing. Its revenue from operations increased 16 per cent to Rs 105.80 crore during the quarter under review. In the year-ago period, the same stood at Rs 91.21 crore. NDTV's total income in the September quarter was at Rs 107.66 crore, up 9.87 per cent. This is the 12th consecutive profitable quarter for the NDTV Group, the company said in its earnings statement. "Q2 or the second quarter of the year has seen many media companies declaring losses. NDTV, however, had a profitable Q2," it said. NDTV's total expenses in the September quarter rose 8.68 per cent to Rs 91.93 crore. It was Rs 84.58 crore in Q2 FY 2021-22. "The management is aware that advertising in the news genre is ..

Stocks to Watch: IndusInd Bank, Delhivery, Tracxn, Shoppers Stop, ITC, NLC

Stocks to watch today: Tracxn Technologies will make its debut on the bourses Thursday. As per IPO Watch, it may see a muted listing with flat to a negative discount. The issue price is Rs 80 a share

Committed to completing open offer process for 26% NDTV stake: Adani group

Adani Group, which missed the date for the launch of an open offer to buy an additional 26 per cent stake in NDTV, on Wednesday said it is committed to completing the process and has asked SEBI to provide comments on its draft open offer letter. The conglomerate, run by India's richest man Gautam Adani, in August acquired a little-known company that lent over Rs 400 crore to NDTV's founders more than a decade ago in exchange for warrants that allowed the company to acquire a stake of 29.18 per cent in the news group at any time. Post that, Vishvapradhan Commercial Pvt Ltd (VCPL) - the firm that Adani group bought out - announced that it would on October 17 launch an open offer to buy an additional 26 per cent stake from minority shareholdres of NDTV. In a stock exchange filing, Adani Enterprises Ltd said VCPL has urged SEBI "to provide its observations on the Draft Letter of Offer filed in relation to the Open Offer, in accordance with the SEBI (SAST) Regulations." VCPL along with

Sebi moves Supreme Court against SAT ruling in NDTV matter: Sources

Sources said Sebi's appeal before the SC is in order to ensure that the SAT order doesn't set a precedent where promoters of listed companies convert loans into shares without triggering an open offer

Larger sample size needed for BARC to measure viewership, says Zee Media

Comments come as the broadcaster becomes the second to exit the body in seven months

Zee Media exits BARC, 14 news channels to be out of viewership rating

Zee Media sent a letter to the TV viewership measurement company on Friday evening, said sources

Sensex falls 509 pts, Nifty near 16,850; RIL, ITC shed 3%, pharma stocks up

CLOSING BELL: Among sectors, the Nifty Metal, and PSU Bank indices dipped 2 per cent each, while the Nifty Pharma index gained 0.6 per cent

Hostile media bid shows how Asia's richest can align and dominate a sector

The NDTV acquisition, if successful, would make Adani and Ambani straight-up rivals in a sector for the first time, given Ambani's control of large media assets including news channels

Top Headlines: PSBs to hire on monthly basis, Sebi goes to SC, and more

The Securities and Exchange Board of India (SEBI) has moved the Supreme Court against New Delhi Television (NDTV), the media company said

Sebi moves Supreme Court against NDTV over SAT order

The legal proceedings come even as the Adani Group unveiled plans last month to acquire a 29.18% stake in the news network, through the acquisition of VCPL, which holds a 99.99% stake in RRPR Holding

NDTV promoters move Supreme Court against SAT order

This, despite the tribunal reducing the penalty imposed by Sebi from Rs 25 crore to Rs 5 crore.

NDTV pays Rs 10 lakh penalty as directed by SAT in non-disclosure case

In an order dated July 20, SAT had reduced the penalty imposed by Sebi from Rs 5 crore to Rs 10 lakh

No restrictions on RRPR Holding for warrant conversion, says I-T dept

In a disclosure to the stock exchanges, VCPL said it had approached the IT department for clarity on the matter and received a reply from the Additional Commissioner of Income Tax

Adani open offer for additional stake in NDTV starts Oct 17: JM Financial

Open offer for acquiring up to 1.67 crore equity shares will amount to Rs 492.81 crore, if fully subscribed

Stocks to Watch: NDTV, Dr.Reddy's, IndiGo, SBI, Zee, Consumer Firms

Stocks to Watch Today: NDTV open offer to start from October 17. IndiGo's co-promoter Rakesh Gangwal likely to sell up to 2.8 per cent stake in open market.

Stocks to Watch Today: Paytm, Reliance, NDTV, ICICI Bank, Yes Bank

Stocks to Watch Today: Tamilnad Mercantile Bank's IPO will open for subscription in the price band of Rs 520 - 525 on Monday.

NDTV posted highest-ever profit in a decade, say Roys in FY22 annual report

Digital arm NDTV Convergence one of few profitable online companies, they say

Resilient markets, positive FPI flows lift market volume in August

If domestic indicators are remedying, don't sweat the external factors, say analysts

I-T department nod not needed for Adani to acquire NDTV shares: Report

The Adani group believes that there is no restriction by tax authorities on it acquiring a stake in NDTV, a statement that has also been backed by tax experts. The Adani group has acquired a little-known firm, VCPL, that lent over Rs 403 crore to NDTV's founders more than a decade ago in exchange for warrants that allowed the company to acquire a stake of 29.18 per cent in the news group at any time. Adani has since exercised those rights but NDTV says such conversion is barred by income-tax authorities. The Adani group in a statement said Vishvapradhan Commercial Pvt Ltd (VCPL) has informed that the income tax department orders only apply to share of NDTV held by RRRP Holding Pvt Ltd (a promoter of NDTV) and in no manner restrict RRPR from completing the formalities in relation to allotment of equity shares to VCPL. "The IT orders have been issued against RRPR only and for the purpose of securing RRPR's continued ownership over the said NDTV shares. The IT orders have not been iss

NDTV open offer date 'indicative', subject to Sebi nod: Adani Enterprises

The clarification came days after the company said its open offer for a 26 per cent stake in NDTV would tentatively open on October 17