) is an Indian television media company founded in 1988 byRadhika Roy, a journalist. In a talk on the 25th anniversary of NDTV, her husbandPrannoy Roysaid that he joined NDTV a few weeks after Radhika had founded it.NDTV is an acronym for the original name of the company. NDTVs first show,
As of June2019update, New Delhi Television.Securities and Exchange Board of Indiabarred Prannoy Roy and his wifeRadhika Royfrom accessing the securities market for 2 years after an investigation revealed that they concealed material info from shareholders regarding loan agreements and hence, they cannot hold management positions in NDTV board.45In August 2019, its CEO Suparna Singh resigned after CBI booked promoters for alleged FDI norms violation.6
NDTV HOP – In October 2018, NDTV andAirtelannounced the launch of NDTV HOP, a live channel for mobile devices which carries its content in thevertical/portrait aspect ratiorather than the traditional horizontal viewing mode.
Prannoy Roy, co-founder and one of Indias earliest psephologists
Ravish Kumar, Editor of NDTV India (Hindi channel)
Vikram A Chandra, CEO in 2016 (Left NDTV in 2016, and stopped presenting shows as a guest anchor in April 2019)
On 20 January 1998,Central Bureau of Investigationfiled various cases against New Delhi Television (NDTV) managing director Prannoy Roy, former director general ofDoordarshanR. Basu and five other top officials of Doordarshan under Section 120-B of theIndian Penal Code(IPC) for criminal conspiracy and under the Prevention of Corruption Act. According to theCentral Bureau of Investigation(CBI) charge-sheet, Doordarshan suffered a loss of over Rs. 35.2million due to the undue favours shown to NDTV as its programmeThe World This Week(TWTW) was put in A category instead of special A category.121314151617
In November 2010,OPEN magazinecarried a story which reported transcripts of some of the telephone conversations ofNira Radiawith senior journalists, politicians, and corporate houses, many of whom have denied the allegations. TheCentral Bureau of Investigationhas announced that they have 5,851 recordings of phone conversations by Radia, some of which outline Radias attempts to broker deals in relation to the 2G spectrum sale.18The tapes appear to demonstrate how Radia attempted to use some media persons including NDTVsBarkha Duttto influence the decision to appointA. Rajaas telecom minister.19She left the channel in January 2017.20
NDTV, through its foreign subsidiaries have allegedly violated numerous Indian tax and corporate laws.21NDTV has denied these allegations.22
The Sunday Guardian, a centre-left newspaper ran a story which exposed the NDTVs financial misdemeanours and malpractices in connivance with ICICI Bank.23It provides details of how NDTVs major stakeholders raised funds by misdeclaration of the value of shares in NDTV. NDTV CEO claimed24to theSunday Guardianalong with the threat of criminal defamation. On 5 June 2017, the house of Prannoy Roy was raided by NIA and CBI.
On 19 November 2015, theEDserved₹2,030 crore(US$290million) notice to NDTV for alleged violations under theFEMAact,25however the company said it has been advised that the allegations, while true are not legally tenable.26
The Income Tax Appellate Tribunal (ITAT) has upheld an income tax department finding that promoters of NDTV used their own shell companies to round-trip investments of₹642 crore(US$93million) during 2009-10, making them liable for recovery of tax and penalty.27
Regarding an investment by the US TV network, NBC (an 80% subsidiary of GE at the time) into NDTV Networks of $150 million, both NDTV and NBC/GE insist was an absolutely legal and bona fide investment while the IT department claims it is an illegal transaction. NDTV has called it the Indian Authorities variant of McCarthyism to suppress the media.28
On 5 August 2011,Comptroller and Auditor General of Indias report onXIX Commonwealth Gameswas tabled inParliament of India. In section 14.4.2 of the report, CAG alleged that while awarding contracts worth₹37.8 million(US$550,000) for production and broadcast of commercials to promote CWG-2010 to NDTV and CNN-IBN, the Commonwealth Games Organizing Committee followed an arbitrary approach. Proposals were considered in an ad-hoc manner, as and when a proposal was received; no form of competitive tendering was adopted. The CAG further said in its report that, We had no assurance about the competitiveness of the rates quoted by these channels and the need and usefulness of these proposals. From March 2010 to June 2010, the entire pre games publicity and sponsorship publicity was done only on NDTV & CNN-IBN.293031
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In 2012, NDTV alleged that TV rating measurement company TAM had indulged in malpractice of influencing and generating favourable TV ratings for their channel. They claimed that two TAM representatives had met NDTV staff in April with an offer to fix the TV ratings in 23 weeks by bribing viewers in homes (which otherwise are secret) where the measuring meters were installed. NDTV claimed that this malpractice had resulted in enormous losses for the company over several years and filed a case against TAM, TAM India and its global parent firms for $1.39 billion in the Supreme Court of New York.32Subsequently, in 2014, the New York Supreme Court dismissed NDTVs petition citing that since it was based on activities and impact in India, NDTV needed to pursue the case in India instead of the US.33
On 4 November 2016, the Union Ministry of Information and Broadcasting ordered the channel to go off air on 9 November for allegedly divulging strategically sensitive details while coveringJanuarys deadly attack on the Pathankot air base.34Government scrapped their decision on the ban for reasons not made clear.
On 5 June 2017, the CBI raided premises of channel promoters Prannoy and Radika Roy, accusing it of causing an alleged loss toICICI Bankof₹48 crore(US$6.9million).35The complainant, Sanjay Dutt, Director of Quantum Securities Pvt. Ltd., alleged that the Roys took a loan of around₹350 crore(US$51million) from ICICI in 200809, putting up their shareholdings in the company at an inflated value ascollateral. He added that while the amount was repaid the following year, the accrued interest of₹50 crore(US$7.2million) remained unpaid.36In its response, NDTV denied any default on any loan to ICICI or any other bank, while attaching a picture of the banks 2009 letter that confirmed that the entire amount due, amounting to₹375 crore(US$54million), had been repaid in full.37It added that, No matter how much the politicians attack us – We will not give up the fight for freedom and the independence of media in India.38
Audited Financial Results For The Quarter and Year Ended March, 2019
Prannoy Roys speech on 25 years of NDTV. NDTV
Sebi bars NDTV promoters Prannoy, Radhika Roy from accessing securities markets for 2 yearsThe Economic Times. 14 June 2019
SEBI bars Prannoy, Radhika Roy from NDTV board. The Hindu. 14 June 2019
NextBigWhat.NDTV launches Hop Live, mobile-only LIVE channel with vertical format videos.
NDTV and Prannoy Roy Once Upon a Time Zoom Indian Media. Zoomindianmedia.wordpress.com. 14 February 2011
How Zee Is Shooting Star Saibal Chatterjee. Outlookindia.com. 22 September 1997
Mandarins Murdoch mission likely to end up in smoke. Expressindia.com. 9 July 1998
Sorry. Indianexpress.com. Archived fromthe originalon 16 April 2010
. Archived fromthe originalon 10 September 2015
. Archived fromthe originalon 10 September 2015
B S Arun (27 November 2010).Radia tapes: Scandal in the media.
NDTV Statement On Barkha Dutt. NDTV. 15 January 2017
NDTV juggles funds, shares abroad, avoids taxThe Sunday Guardian. 5 December 2010
Todays India News. Video.indiannewsandviews.com
Archived copy. Archived fromthe originalon 8 December 2010
ED serves Rs 2,030 crore notice on NDTV for FEMA violationsThe Hindu. 20 November 2015.
NDTV gets ED notice for alleged FEMA violationsThe Indian Express. 20 November 2015.
NDTV round-tripped Rs 642 crore via shell companies in 2009-2010: TribunalThe Times of India. 23 July 2017.
NDTVs Prannoy Roy Says India Has Entered An Era Of McCarthyism. 29 March 2016.
. Comptroller & Auditor General of India (Pdf). Archived fromthe original
CAG blames top media houses in Commonwealth Games Scam.
Games contracts to media houses arbitrary and biased: CAG.
NDTV-TAM imbroglio: highlights of NY Court judgment.
Editors say BAN violation of freedom of media.
Berry, Ellen (5 June 2017).Raids in India Target Founders of News Outlet Critical of Government.
The NDTV Saga and Indian Journalism. Anupamtimes
Updated Statement From NDTV On CBI Raids. NDTV. 5 June 2017. Archived fromthe originalon 5 June 2017
Minority stake in joint venture withSun Network, Value Labs andAstro All Asia Networks
Television channels and stations established in 1988
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This page was last edited on 25 September 2019, at 11:12