Television

Attorney General okays Sun TV security clearance; stock up 8%

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2015/06/19/sun%20tvvv.jpg?itok=NtQQIfej

MUMBAI: Kalanithi Maran can breathe a sigh of relief, at least for now. This after the Attorney General of India Mukul Rohatgi has asked the Information and Broadcasting (I&B) Ministry to give security clearance to the 33 channels of Sun TV Network.

After the I&B Ministry sought his opinion on the matter, Rohatgi said that denial of security clearance to Sun TV by MHA was wrong.

It can be noted that the Home Ministry had denied the proposal to grant security clearance to the network on grounds that its promoter - Kalanithi Maran - was being investigated for criminal cases by the Enforcement Directorate and the Central Bureau of Investigation (CBI).

As is known, the CBI had alleged Dayanidhi Maran of misusing his office as Union Telecom Minister to engineer the sale of Aircel to Malaysia's Maxis Group in 2006. Maran was accused of corruption and illegal gratification worth more than Rs 700 crore, which allegedly was invested in a media company that is part of the Sun Group, owned by Dayanidhi Maran?s brother Kalanithi Maran.

It can be noted that in April, the ED had issued an order to both the Maran brothers to attach properties and assets worth Rs 742.58 crore belonging to them.

Kalanithi Maran in his argument had said that while most TV companies have criminal cases pending against them or against their directors or promoters, only his company was singled out and security clearance refused.

Earlier this week the MHA had said that it had no plans to reply to the letter written by Maran where he had said that his company was never involved in any anti-national or criminal activity and that there was no justification for refusal of the clearance to his television channels.

Buoyed by the reports of this development, the Sun TV stock on the Bombay Stock Exchange (BSE) shot up by 7.86 per cent at the end of the day?s trade on Friday. The stock, which opened at Rs 309.25 touched an intra-day high of Rs 342.30 and closed at Rs 333.55 at the end of the day?s trade.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/16/dlf.jpg?itok=04sbgdDF
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/16/shemaroo.jpg?itok=97d82QDJ
Relive the Golden days with Shemaroo Entertainment’s “Friday Rewind with RJ Adaa”

Consumers are in for a treat as Shemaroo Entertainment has lined up a new series in association with Adaa, consisting of famous Bollywood songs.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/16/eros_0.jpg?itok=gtjDHe9Q
Eros International’s Marathi superhit Boyz 2 shines at the box office collecting Rs. 13 crores within 10 days of release

Eros International Media Ltd, a leading global company in the Indian film entertainment industry, has announced a very successful performance of its Marathi release Boyz 2 which has collected Rs. 13 crores within 10 days of its release on 5th October.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/16/Network18_800.jpg?itok=GFctpNpK
Network18 reports improved numbers for Q2 FY19

Mukesh Dhirubhai Ambani’s media arm, Network18, reported improved numbers for the quarter ended 30 September 2018 (Q2 2019, quarter under review) as compared to the corresponding year ago quarter Q2 2018). The company reported 9 per cent y-o-y growth in consolidated revenue for Q2 2019 at Rs 1,237...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/16/media_0.jpg?itok=uJ3zJdcx
ZMCL reports more than quadruple profit for second quarter

The company’s consolidated operating revenue increased 35.5 per cent y-o-y in Q2 2019 at Rs 168.66 crore as compared to Rs 124.51 crore in the year ago quarter. Total income increased 34.7 per cent y-o-y in Q2 2019 to Rs 170.66 crore from Rs 126.71 crore in Q2 2018.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/wire.jpg?itok=rcsQVpJx
Eros Now Partners with Celcom; Consolidates Distribution in Malaysia

Eros International Plc (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that Eros Now, its digital over-the-top distribution service

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/v.jpg?itok=sGu6lo2Z
TV Today Network subsidiary receives IT demand notices

TV Today Network Limited (TVTN) has informed the bourses that its wholly owned non-material subsidiary India Today Online Private Limited (ITOPL) has received separate demand notices from the Income Tax department.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/bbc.jpg?itok=qIYwGGq9
BBC Studios India and Mindshare’s I Can You Can wins two Silvers - Best Branded Content and Best Media Strategy at the Emvies 2018

BBC Studios India and Mindshare, India’s largest media agency, announced that it has won two Silvers at EMVIES 2018

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/15/HOP.jpg?itok=lvLK36Q0
NDTV launches India’s first mobile-only portrait live channel

New Delhi Television Ltd (NDTV) has launched India’s first mobile-only vertical live channel with the name NDTV HOP Live. India has nearly 432 million internet users and this number is growing at a rate of 4-8 per cent, according to Deloitte’s Technology, Media and Telecommunication (TMT)...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories