MUMBAI: Raghav Bahl’s TV news venture has crossed one big hurdle with the Foreign Investment Promotion Board (FIPB) granting approval to Quintillion Business Media to issue equity shares to Bloomberg. The FDI proposal is worth Rs 13.4 crore (Rs 134 million).
The company’s FDI proposal was earlier deferred several times by the government.
Quintillion Business Media proposes to engage in the uplinking and broadcasting of a business news TV channel.
The company will now await licence from the Ministry of Information & Broadcasting (MIB). It will then launch a business news channel, marking Bahl’s return to the business after selling TV18 Group to Independent Media Trust, of which Reliance Industries Ltd is the sole beneficiary.
Bahl’s Quintillion Media and Bloomberg have teamed up to launch an English business news channel called BloombergQuint. The digital version of BloombergQuint is already live in beta version with videos and articles.
News gathering has also gathered steam with BloombergQuint deploying a team of reporters on the ground to cover important news events. Currently, the news brand is publishing its news videos on its YouTube channels besides Twitter and Facebook pages.
BloombergQuint is a 74:26 joint venture between Quintillion and Bloomberg. Bahl has roped in former CNBC TV18 CEO Anil Uniyal as CEO of the channel. Menaka Doshi is the managing editor while Priya Mukherjee is the distribution head.
As reported earlier by TelevisionPost.com, BloombergQuint is planning to initially invest Rs 100 crore (Rs 1 billion) in the venture.
Read more at: Raghav Bahl’s BloombergQuint crosses first hurdle, gets FIPB nod | TelevisionPost.com | TelevisionPost.com
Posted using Entertainment Forum app
The company’s FDI proposal was earlier deferred several times by the government.
Quintillion Business Media proposes to engage in the uplinking and broadcasting of a business news TV channel.
The company will now await licence from the Ministry of Information & Broadcasting (MIB). It will then launch a business news channel, marking Bahl’s return to the business after selling TV18 Group to Independent Media Trust, of which Reliance Industries Ltd is the sole beneficiary.
Bahl’s Quintillion Media and Bloomberg have teamed up to launch an English business news channel called BloombergQuint. The digital version of BloombergQuint is already live in beta version with videos and articles.
News gathering has also gathered steam with BloombergQuint deploying a team of reporters on the ground to cover important news events. Currently, the news brand is publishing its news videos on its YouTube channels besides Twitter and Facebook pages.
BloombergQuint is a 74:26 joint venture between Quintillion and Bloomberg. Bahl has roped in former CNBC TV18 CEO Anil Uniyal as CEO of the channel. Menaka Doshi is the managing editor while Priya Mukherjee is the distribution head.
As reported earlier by TelevisionPost.com, BloombergQuint is planning to initially invest Rs 100 crore (Rs 1 billion) in the venture.
Read more at: Raghav Bahl’s BloombergQuint crosses first hurdle, gets FIPB nod | TelevisionPost.com | TelevisionPost.com
Posted using Entertainment Forum app
Last edited:
