Companies & Sectors
TV18 Broadcast and CNN to part ways from January 2016
TV18 and CNN will not renew their licencing agreement for CNN IBN news channel from next year
 
TV18 Broadcast Ltd and Cable News Network Inc (CNN) have decided not to renew their 10-year licensing agreement for English news channel CNN IBN in India. This means from January 2016 onwards CNN will move away from IBN and the TV18 group and both will go own way. 
 
"TV18 and CNN will be successfully concluding their 10-year licensing arrangement in January 2016 for CNN IBN. The conclusion of the arrangement will enable each company thereafter to chart its own growth trajectory independently in one of the most dynamic, complex and fast growing markets in the world," the companies said in a joint statement.
 
On 7 July 2014, Independent Media Trust (IMT) a subsidiary of Mukesh Ambani-led Reliance Industries Ltd (RIL) took over the controlling stake of TV18 Broadcast and Network18 Media and Investments.
 
At 12.32pm, TV18 was trading 2% up at Rs37.05 and Network18 was up 4.8% at Rs59.10 on the BSE, while the benchmark S&P BSE Sensex was marginally up at 27,674.

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Court sets date for framing of charges in Madhu Koda case
A court here on Tuesday set July 14 for its order on framing of charges in the coal block allocation case allegedly involving former Jharkhand chief minister Madhu Koda.
 
Special Judge Bharat Parashar reserved his order in the coal block allocation case against Koda, Vini Iron and Steel Udyog Ltd. (VISUL) and others. 
 
The court was hearing the case related to Jharkhand's Rajhara North coal block allocation to VISUL.
 
The Central Bureau of Investigation has alleged that former coal secretary H.C. Gupta, Koda and others conspired to favour VISUL in allocating the coal block.
 
Others accused in the case include VISUL director Vaibhav Tulsyan, chartered accountant Navin Kumar Tulsyan, government officials Basant Kumar Bhatacharya and Bipin Bihari Singh and alleged middleman Vijay Joshi. 
 
They have been charge-sheeted for cheating and criminal conspiracy under the Prevention of Corruption Act. 

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What Next after SIP?
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