Dr Manmohan Singh to be PM; markets on a roll

MUMBAI: Two days of uncertainty came to an end this evening after it became clear that the "father of the Indian reform process" Dr Manmohan Singh would be India's next Prime Minister.

With the issuance of a letter from the President Dr APJ Kalam to Dr Singh inviting him to form the next government brought the curtain down on what has been a period of great drama as well.

The markets also reacted positively to the developments. That the outgoing BJP government has been stands totally defanged as it were with Congress Party leader Sonia Gandhi having withdrawn from the prime ministerial race is another positive development as well. Without any real divisive agenda to plonk their collective hats on, at least for the present, the country can hopefully look forward to issue based opposition from the BJP instead of the vicious campaigns that would have come into play if the "foreign origins issue" had been allowed to take centre stage.

The stock market rally that began yesterday continued today to take the Sensex up over 5,000-mark today, narrowing its Mondays losses.

After yesterday's eight per cent upward move, the markets continued to gain even today. With 183 points up at one time, the market finally ended with a gain of 129.08 points, at 5,006.10.

As far as the broadcasting sector is concerned, news that the Dravida Munnetra Kazhaghan has agreed to join the Congress-led government at the Centre raises the possibility that party MP and CEO of Sun Network Dayanidhi Maran might have a position in the new cabinet that is expected to be announced over the next three days.

It was Maran, son of late Union minister Murasoli Maran and grand-nephew of DMK president M Karunanidhi, who made the announcement that the DMK was joining the government after Ms Gandhi met Karunanidhi as part of her efforts to get the backing of partners and allies for a new leader to head the Congress-led coalition.

The big question of course is whether Maran ( 37), an economics graduate and number 2 man in Sun after CMD Kalanidhi Maran, could now be in the running for the information & broadcasting ministry portfolio.

However, still believes that the frontrunner for I&B ministership remains former incumbent Jaipal Reddy (whose Broadcasting Bill is still gathering dust). What would go against Maran is that since he is heading a broadcast company, he would be seen as having too direct an interest in the matters pertaining to the I&B ministry.

Latest Reads
Sony Pictures Networks India (SPN) extends exclusive television and digital rights partnership with ABB FIA Formula E championship

Sony Pictures Network India (SPN) will continue to broadcast each round of the ABB FIA Formula E Championship for a further two seasons across the Indian sub-continent - including India, Pakistan, Sri Lanka and Bangladesh.

Television TV Channels Sports
James Gough’s innovative idea will be incubated with the intent to prototype it at Formula 1®’s Media & Technology Centre

Formula 1® Managing Director of Motorsports, Ross Brawn, and Mercedes-AMG Petronas Motorsport Driver, Lewis Hamilton, today crowned James Gough the winner of this year’s USD $50,000 F1® Innovation Prize at the FORMULA 1 PIRELLI 2018 UNITED STATES GRAND PRIX in Austin.

Television TV Channels Sports
FLIX FIRST SCREENING: &flix makes October spookier with the multi-city theatrical premiere of Goosebumps 2: Haunted Halloween

&flix, the all-new destination for the most-awaited Hollywood blockbusters, brings the much-anticipated sequel Goosebumps 2: Haunted Halloween on Thursday, October 25

Television TV Channels English Entertainment
BIG Ganga Goes All Out to Delight Its Audience This Festive Season, Launches Engrossing Range of Shows

With the festive season right around the corner, BIG Ganga, the number one Bhojpuri channel in the Hindi heartland

Television TV Channels GECs
Time Maharashtra.....Feel The Pulse of Maharashtra

Viasys Digital Network Pvt. Ltd, under the leadership of founder chairman Mr. Sudesh Bhosle brings together a blend of Media and IT skills bagged by a deep understanding of Global Media.

Television TV Channels News Broadcasting

As the country gears up to celebrate the symbolic victory of good over evil, EPIC makes the day special for their viewers by airing special programming for the festival of Vijayadashami.

Television TV Channels Factual @ Discovery
A+E Networks | TV18 launches FYI TV18 HD

AETN18, the joint venture between A+E Networks and Network18 has planned to launch the high definition (HD) version of the contemporary lifestyle entertainment channel—FYITV18 on 18 October 2018.

Television TV Channels Specialised and Niche
Tata Communication, European Tour show how VR can transform golf

The European Tour and Tata Communications have completed the world’s first test of live 360° video in 8K Ultra High Definition – the highest resolution in digital television on 16 October 2018.

Television TV Channels Sports
Kids most benefited genre in Chrome DM week 41

MUMBAI: With a growth of 0.72 per cent as compared to last week (40), the kids genre marked the highest opportunity to see (OTS) among all categories in week 41 of Chrome Data Analytics & Media. In the kids genre, Nickelodeon gained the highest OTS with 91 per cent in All India 1 Lakh+ market....

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories