Indian market trends

The Sensex and the Nifty rose 6% each during the fortnight ended 22nd May. ML Large-cap Index and ML Mega-cap Index advanced 8% each. ML Small-cap, ML Mid-cap and ML Micro-cap indices surged 15%, 13% and 12%, respectively.

 

User

Reliance to provide Rs4,000 crore funding for buying Network18
RIL's Independent Media Trust would use the Rs4,000 crore funding for  acquisition  of  control in Network18 group
 
Reliance Industries Ltd said its board approved funding of up to Rs4,000 crore to Independent Media Trust (IMT), of which the company is the sole beneficiary, for buying control in Network 18 Media & Investments Ltd (“NW18”), including its subsidiary TV18 Broadcast Ltd (TV18). Further to the acquisition, RIL said, an open offer would be made.
 
"IMT would use the funds to acquire control over NW18 and TV18 resulting in ownership of about 78% in NW18 and 9% in TV18 and to acquire shares tendered in the Open Offers," RIL said in a statement.
 
RIL said, this acquisition will differentiate its 4G business by providing a unique amalgamation at the intersect of telecom, web and digital commerce via a suite of premier digital properties. This suite includes In.com, IBNLive.com, Moneycontrol.com, Firstpost.com, Cricketnext.in, Homeshop18.ccom, Bookmyshow.com and the broadcast channels include Colors, CNN IBN, CNBC TV18, IBN7, CNBC Awaaz. 
 

User

COMMENTS

Madhur Aggarwal

3 years ago

Not good for india s Journalism

Rajdeep and Raghav behl are planning to quit .!!!!!!

PM Modi asks ministers to set 100-day agenda
In the context of his 10-point vision, PM Modi has emphasised that the most important aspect that need to be focussed on are efficient governance, delivery and implementation of schemes and programmes
 
 
Prime Minister Narendra Modi on Thursday asked his cabinet colleagues to set a 100-day agenda with focus on efficient governance, delivery and implementation of programmes.
 
The directives were given by Modi at a Cabinet meeting in the context of his 10-point vision which includes increasing investment, completing infrastructure projects in time-bound manner and exploiting the natural resources to the country's benefit.
 
Here is the 10-point agenda for good governance (Source NitiCentral.com)
1. Building confidence in bureaucracy
2. Welcome innovative ideas
3. Education, health, water to be priorities
4. Transparency in Government
5. Setting up a mechanism for inter-Ministerial issues
6. People oriented system in place
7. Economical concerns to be addressed
8. Reforms in infrastructure
9. Policies to be implemented in time-bound manner
10. Stability and sustained ability in Government policies
 
Believing that the progress of states is crucial for the country's development, he also instructed the ministers to give priority to the issues brought forth by the state governments as also the members of Parliament (MPs).
 
To send out a similar message across the country, Modi is likely to address the nation, possibly after the brief Parliament session that would be convened from 4th to 11th June during which President Pranab Mukherjee will address the joint sitting outlining the government's agenda.
 
"The Prime Minister issued guidelines to the Ministers at the Cabinet meeting... He asked the ministers to set a timetable for the first 100 days listing the priorities," said Parliamentary Affairs Minister M Venkaiah Naidu.
 
Modi emphasised that the "most important" aspect that need to be focussed on are efficient governance, delivery and implementation of schemes and programmes, Naidu said while briefing the media on the meeting.
 
While focussing on these aspects, the government will take forward on priority basis the issues pending from the previous government.
 
He asked the Cabinet ministers to take Ministers of State along and give them "proper" work so that they feel involved.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)