Regulators

Business Standard's foreign investment proposal cleared by I&B ministry

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/17/inb_2.jpg?itok=px-AZd-j

NEW DELHI: India's Information and Broadcasting ministry has cleared a proposal of Business Standard Ltd. that had sought government permission to get injected with foreign investment amounting to Rs 141 million from the London-based Financial Times, published by the diversified media company, Pearson.

After the ministry's go-ahead, the road has been smoothened for the Foreign Investment Promotion Board (FIPB) to give the final green signal to the proposal.

According to government officials, the relevant files were signed by the I&B minister Ravi Shankar Prasad earlier this week.But, interestingly, a debate is going on within the I&B ministry whether the present policy guidelines allow printing and publication of Indian editions of foreign newspapers and magazines from India and the opinion is said to be divided on the matter.

This debate was kickstarted after Bennett Coleman and Co. - publishers of The Times of India (TOI) and The Economic Times, announced that a memorandum of understanding had been signed with the publishers of The Asian Wall Street Journal for printing an Indian edition of the business newspaper with an Indian acting as editor.

The MoU, it had been stated, would be within the specified guidelines where up to 26 per cent foreign investment is permitted in the news category of the print medium, though the government has not yet been approached formally by the TOI group for clearances.

In Business Standard's (BS) case, printing and/or publication of The Financial Times (FT) has not been dwelt on in the application.

Government officials also said today that the total foreign investment in BSL would amount to slightly over 15 per cent, though originally FT was slated to pick up 13.85 per cent equity stake.

The BS-FT tie-up was the first major foreign investment in an Indian newspaper by a strategic investor.

The Business Standard and The Financial Times had begun to cooperate a decade ago, through editorial syndication of reports from FT's 300 correspondents worldwide. This relationship has expanded over the years.

When finally cleared by the FIPB, Financial Times will join the Kotak Mahindra group and Great Eastern Shipping as the leading investors in Business Standard Ltd., which will continue to operate as an independent entity, with its management reporting to the Board, on which The Financial Times will have appropriate representation.

Business Standard is published from seven centres in India, and as India's second largest financial newspaper, reaches copies to readers in over 500 towns and cities every day. The Financial Times is one of the world's leading business newspapers, recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed in 21 cities across the globe, has a daily circulation of over 460,000 and a readership of more than 1.6 million people worldwide.

Other global print medium players who have evinced interest in either setting up shop in India or tying up with an India media company, include US business magazine BusinessWeek, Par Golf from Exposure Media and Intelligent Computing Chip from TBW Publishing.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/24/trai.jpg?itok=scqAaNCa
Madras HC TRAI-Star case: All parties keep options open

MUMBAI: Even as till late evening yesterday all those connected with the case filed by Star India and Vijay TV against regulator TRAI in Madras High Court kept waiting for the full text of the court order, options for future course of action were kept open, including whether the high court should...

Regulators High Court
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/23/trai.jpg?itok=_ClNPi1w
Third Madras high court judge gives TRAI tariff order thumbs up

The long-awaited judgment of the Madras High Court on the TRAI tariff order has been pronounced.

Regulators TRAI
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/23/Rajyavardhan-Rathore.jpg?itok=0YBf-GGz
Comment: 3 areas that new MIB minister Rathore needs to target

In a recent reshuffle of his cabinet colleagues and their portfolios initiated by PM Modi, a surprise move was not Ministry of Information and Broadcasting (MIB) minister Smriti Irani’s removal, but handing the independent charge of the portfolio to her till-now junior, Rajyavardhan Rathore.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/22/mib.jpg?itok=LuDJB58f
MIB clears TV channel applications; Rathore calls for stakeholder meets

NEW DELHI: Within days of Rajyavardhan Rathore given independent charge of the Ministry of Information and Broadcasting (MIB) by the PM Modi-led government after removal of his senior Smriti Irani, the organisation has been galvanised into action. What’s more, important issues are being discussed...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/telecom.jpg?itok=qyO4PF0v
MIB nudge to TV channels on content monitoring

NEW DELHI: Ministry of Information and Broadcasting (MIB) has cautioned 121 TV channels for not faciliatiing monitoring of content by government agencies as per existing regulations. Pointing out that as technical parameters were not being made available to the Electronic Media Monitoring Centre (...

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/21/MIB-800.jpg?itok=5bgU7xjS
Jaipal Reddy calls for doing away with MIB

MUMBAI: Junk the ministry of information and broadcasting (MIB). That’s the call that once MIB minister Jaipal Reddy - who held the portfolio during the Congress I regime in the previous decade - is giving these days.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/18/amit.jpg?itok=tfxFiyGY
Amit Khare appointed as new MIB secretary

MUMBAI: Jharkhand state development commissioner and a whistle-blower civil servant Amit Khare has been named as the new secretary of the Ministry of Information and Broadcasting (MIB). He will take over from NK Sinha who is due to superannuate on 31 May 2018 after a comparatively quiet stint of...

Regulators People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/16/Rajyavardhan-Rathore1.jpg?itok=7s_Tt_-Z
MIB's Rathore signals liberalised regime for online media

MUMBAI: Hardly 24 hours into his job and minister of state (independent charge) in the Information and Broadcasting ministry (MIB) Rajyavardhan Singh Rathore is saying things that could make him the industry’s and more specifically the independent media crowd’s darling.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/05/15/dishtv.jpg?itok=i8UdO6qk
Prasar Bharati Board approves finalising FreeDish policy

The Prasar Bharati board, at a meeting held on Monday, decided to finalise the FreeDish policy. According to an Asian Age report, the public service broadcaster gave its approval to Doordarshan which operates the entity. The finalised version will be submitted to Ministry of Information and...

Regulators I&B Ministry

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories