ENIL has also acquired a third frequency in Hyderabad, which makes ENIL the only company to have three frequencies in any city. Additionally, it has received permission from Ministry of Information & Broadcasting to acquire four stations from TV Today Network.
Here's how small cap stocks opened on September 19
Reliance Broadcast | Heidelberg | ARO Granite | Videocon Industries | Ambuja Cements | Ranbaxy Labs and MCX India are stocks, which are in the news today.
Here's how small cap stocks opened on September 18
BayerCorp | Sun TV | Polaris | Den Networks | SKS Microfinance | Reliance Broadcast | Mahindra Holidays | Koutons Retail | Dunlop India | Apollo Hospitals | Ambuja Cements and Infosys are stocks, which are in the news today.
"A meeting of the board of directors of the company will be held on September 18, 2013 to consider delisting of equity shares of the company from stock exchanges," Reliance Broadcast Network Ltd (RBNL) said in a filing to BSE.
United Breweries Holding | Reliance Broadcast | Electorsteel Steel | Jet Airways | Mangalam Cement | Financial Technologies and Ranbaxy Labs are stocks, which are in the news today.
Here's how small cap stocks open on August 23
Wockhardt | Aptech | Engineers India | TD Power | Lakshmi Machine | eClerx Services | Prime Focus | Dhanlakshmi Bank | Reliance Power | Crompton Greaves | Karur Vysya Bank | Unitech | Jindal Steel and HDIL are stocks, which are in the news today.
CEO Tarun Katial said this is the right time to raise prices and was done to correct audience position in some of the key markets like Delhi and Chandigarh.
Buyers lapped up Reliance Communication stocks on Wednesday as the firm inked a Rs 1200 crore deal with Reliance Jio Infocomm (4G arm of Reliance Industries). The stock was quoting at Rs 66.80, up Rs 3.50, or 5.53 percent on the BSE.
Tarun Katial, CEO of Reliance Broadcast said the company's performance has been impressive taking into account the improvement in the both the radio and television businesses.
Tarun Katial, CEO, Reliance Broadcast, says that the company has entered the US market with Big Magic International. The company has launched a dish network which is a combination of general entertainment content and some Indian English content.
Tarun Katial, chief executive officer of Reliance Broadcast says, the company expects to breakeven in Q4FY13.
In an interview with CNBC-TV18, Tarun Katial, CEO, Reliance Broadcast said the improved EBITDA margin was due to the good cost measures that company took throughout the year on the radio business.
A new channel has been launched in the regional space by BIG CBS, a joint venture between Reliance Broadcast and CBS. Tarun Katial, chief executive officer of Reliance Broadcast sees good traction in the TV business.
In an interview to CNBC-TV18, Tarun Katial, chief executive officer of Reliance Broadcast says, the radio business is now profit after tax (PAT) positive.
CNBC-TV18 catches up with Tarun Katial, chief executive officer of Reliance Broadcast Network to get more on the fundraising plans of the company and expectations for the quarter.
According to SP Tulsian of sptulsian.com, the outlook for the market is bleak. “On the first day of expiry, that too of an elongated series, if we have this kind of a fall, I don’t think that there is any respite in any direction for the traders” he said.
Tarun Katial, chief executive officer (CEO) of Reliance Broadcast expects the television business to fetch 20-30% revenue by last quarter of this financial year. In an interview to CNBC-TV18 he said, the quarterly runrate of the television business is expected to scale up to Rs 8-15 crore ahead.
In what will be phase 3 of the country's FM expansion plan, the government expects an income of Rs 1,733 crore from the auction of the new channels. It has also approved raising the foreign direct investment (FDI) in radio to 26% from 20%. Asheesh Chatterjee, the CFO of Reliance Broadcast welcomes this move.
The Union cabinet on Thursday approved the proposal of the information and broadcasting ministry to conduct e-auctions for the award of FM radio licences.
The FDI hike will result in informed investment in media companies, believed G Subramanium of Hathway Cables.
Reliance Broadcast has signed a term sheet with Europe’s RTL Group, the parent company of Fremantle Media. In an interview with CNBC-TV18, Tarun Katial, CEO, Reliance Broadcast threw light on the joint venture.
The Indian government has given a green signal to the FDI proposals, which are worth Rs 1,358 crore. Government has also sanctioned FDI proposals of Reliance Broadcast and Shriram Capital, which are worth Rs 45.5 crore and Rs 1,180 crore, respectively.