Regulators

×

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

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/05/17/inb_2.jpg?itok=-9G8GE2S

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

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/24/ariun.jpg?itok=U9w--iF0
Arun Jaitley’s portfolio as I&B minister had many gems

MUMBAI: Former union minister and one of the most senior and popular BJP veterans, Arun Jaitley died earlier this morning. He was undergoing treatment at AIIMS Delhi for the past several weeks. A lawyer by profession, Jaitley had quite a prolific career as a politician as well. He held several...

Regulators I&B Ministry
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/23/IBF.jpg?itok=OWbhxwqL
TRAI's tariff related consultation paper draws concern from IBF

MUMBAI: The IBF notes with some concern the issues raised for consultation by TRAI in the Consultation Paper issued on 16th August 2019 (CP).  These issues strike at the very heart of the new MRP based tariff regime which TRAI made effective from 1st February 2019 (NTO).  It is fair to say the...

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/22/TRAI_800New.jpg?itok=DGaQV4jp
TRAI data shows wireless data revenue, subscribers, ARPU shot up in 2018

Wireless data usage in the country is spiking up. According to a report by the Telecom Regulatory Authority of India (TRAI), the total revenue that telecom operators collected through data usage last year was Rs 54,671.44 crore. In 2017, the revenue was Rs 38,882 crore.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/21/TV-remote.jpg?itok=OLgAaT1g
TRAI tariff order impacted uptake of niche channels: KPMG

Even as TRAI is mulling over changes to its existing tariff order, a report by KPMG, India’s Digital Future, highlighted that niche channels were affected especially due to lesser focus on such channels in broadcaster packs.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/21/TRAI_800New.jpg?itok=EIISUDje
TRAI tweaking new tariff order could trigger turmoil in broadcasting sector

The latest consultation paper (CP) from the Telecom Regulatory Authority of India (TRAI) has created quite a stir in India’s broadcasting sector. Titled ‘Tariff-related issues for broadcasting and cable services’, the CP is essentially an admission from the regulator that its new tariff order (NTO...

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/20/trai.jpg?itok=OjST9oVa
Broadcasters raise concern over TRAI consultation paper to review channel pricing

MUMBAI: The recent decision by the Telecom Regulatory Authority of India (TRAI) to review the issues of pricing of channels has brought about concern among broadcasters, according to a report by IANS. Broadcasters fear that the new approach, barely eight months into the new tariff regime, will only...

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/trai.jpg?itok=F0JH4sGS
Broadcasters, DPOs misused new tariff order to throttle market discovery of channel prices: TRAI

Telecom Regulatory Authority of India (TRAI) on Friday issued a consultation paper on tariff related issues for Broadcasting and Cable services.

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/12/hh.jpg?itok=D6SPsHgm
TRAI intensifies efforts to overhaul TV audience measurement & ratings system

Stepping up efforts to improve India's television audience measurement and ratings system, Telecom Regulatory Authority of India (TRAI) last week invited sealed limited tenders for organising a Hackathon. Hackerearth, Internet and Mobile Association of India (IAMAI), Persistent Systems Ltd and...

Regulators TRAI
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/10/trai.jpg?itok=u3ri2O1r
TRAI issues draft regulation to facilitate consumer choice of TV channels using API

The Telecom Regulatory Authority of India (TRAI) on Friday issued the draft (Second Amendment) to the Telecommunication (Broadcasting and Cable) Services Standards of Quality of Service and Consumer Protection (Addressable Systems) Regulations 2017.

Regulators TRAI

Sign up for our Newsletter

subscribe for latest stories