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NDTV issues statement on tax demand of Rs 4.3 bn

MUMBAI: NDTV has issued a statement on the immediate tax demand of Rs 4.3 billion. It stated on its web site: "The attempt to intimidate and paralyze NDTV has expanded to epic proportions in the last 24 hours. There are new attacks from the CBI and the Enforcement Directorate. In short, there is a...

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NDTV restructures biz & newsroom amidst reports of layoffs

NEW DELHI: Buffeted by allegations of tax evasion and money laundering, which are being contested in appeal tribunals, one of India’s first private sector TV news organization NDTV has said it is reorganizing newsroom set-up and resources available to adapt to changing technologies like MoJo or...

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Tribunal upholds tax demand, NDTV intends to challenge order

NEW DELHI: The Income Tax Appellate Tribunal (ITAT) has upheld a tax demand raised on investments of USD 150 million by a US television network in NDTV in 2008, an order that the Indian company said has "numerous inconsistencies and contradictions". With the tribunal’s 14 July 2017 order upholding...

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NDTV moves Delhi HC challenging CBI raids

NEW DELHI: The Prannoy Roy family-promoted NDTV has moved the Delhi High Court challenging the raids conducted by Central Bureau of Investigation (CBI) in the residence of its promoters. In a notice to the Bombay Stock Exchange and National Stock Exchange, the company said, “NDTV and its promoter...

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Doordarshan in talks with US co as it plans varsity leagues via PPP

Doordarshan, inspired by the spectacular success of private broadcasters, is preparing to enter into the sports business with three different sports leagues in basketball, kabaddi and football.

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