Is NDTV about to change hands?
The buzz is getting louder that New Delhi Television Ltd (NDTV) will change hands. The likely new owner would be Malvinder and Shivinder Singh (erstwhile owners of Ranbaxy) who now control Religare, a financial services conglomerate, and the Fortis chain of hospitals. The Singhs have just picked up another weak prey—10 hospitals from the Wockhardt...
It is well known that most media companies, especially those which have launched new nationwide newspapers and TV channels, are bleeding. How bad is the situation? Thanks to the planned initial public offering (IPO) of the Dainik Bhaskar group (DB Corp), we know the losses at DNA which blew up tens of crores on launching a pedestrian daily in Mumbai in 2005 and followed it up with the further...
Stung by falling revenues, RCom is taking value-added services to the rural areas
Reliance Communications Ltd (RCom) is targeting rural markets to boost its subscriber base and revenues which are falling in the urban areas. The telecom services provider has come up with three new initiatives in high-speed Internet, value-added services (VAS) and machine-to-machine (M2M) applications. All...
