Tag Archives: Mukesh Ambani

Forbes purge is a ‘freedom’ issue: Editors Guild

The editors guild of India has reacted to the “termination” of services of Forbes India editor Indrajit Gupta, and the “resignation” of his colleagues Charles Assisi, Shishir Prasad and Dinesh Krishnan. The guild has termed Network 18′s summary decision as lacking in “elementary courtesy” and that it cuts at the “very root of editorial independence”.…

How the ‘Forbes India’ editors were forced out

SHARANYA KANVILKAR writes from Bombay: The abrupt exit last week of the top four editorial heads of the business magazine Forbes India, including of its editor Indrajit Gupta, has swung the spotlight once again on the questionable—but rarely ever questioned—human resources (HR) policies and practices in Indian media houses. In this case, one of India’s…

2,450 journos lost jobs in Chitty Chitty Bong Bong

Mail Today, the tabloid daily owned by the India Today group, reports that an astonishing 2,450 journalists (including non-editorial staff) may have lost their jobs after the meltdown of Bengal’s chitfund driven, politically backed newspapers and TV stations. Employees of Saradha group owned 24-hour TV news station, Channel 10, are reported to have filed a…

Shekhar Gupta storms into India Today powerlist

Thirteen out of India Today magazine’s 2013 ranking of the 50 most powerful people in India have interests in the media, but only two of them (former Indian Express editor Arun Shourie, Times Now editor-in-chief Arnab Goswami, Indian Express editor-in-chief Shekhar Gupta) are pure-play journalists. The chairman of the press council of India, Justice Markandey…

‘Network 18’s multimedia Modi feast, a promo’

As news channels bend backwards to give flight to Narendra Modi‘s prime ministerial ambitions, the Indian Express‘ television critic, Pratik Kanjilal, writes on the Mukesh Ambani-controlled Network 18‘s unquestioning schmoozefest with the Gujarat chief minister: “Modi also addressed a business forum in Kolkata, but the big one was the multimedia love-feast organised by Network 18.…

Arvind Kejriwal taunts Ambani on TV ‘sue’ threat

SHARANYA KANVILKAR writes from Bombay: Last month, India’s richest man, Mukesh Ambani, and its most powerful business house, Reliance Industries, shot off a seven-page legal notice to several TV news channels for airing anti-corruption activist Arvind Kejriwal‘s allegations against them in October and November last year. Surprisingly, or perhaps not, neither Kejriwal nor his advocate-partner,…

Mukesh Ambani ‘sues’ TV channels on Kejriwal

SHARANYA KANVILKAR writes from Bombay: India’s richest man, Mukesh Ambani, and India’s most powerful business house, Reliance Industries, are believed to have served a legal notice on several TV news channels for airing anti-corruption activist Arvind Kejriwal‘s allegations against them in October and November last year. However, it is not known if Kejriwal, a former…

HT wedding unites Ambanis and Birlas

News of a wedding that brings India’s most powerful corporate, Reliance Industries, closer to India’s second largest English newspaper, Hindustan Times, which is headed by the Congress member of Parliament Shobhana Bhartia. From Mail Today, the tabloid newspaper from the India Today group: Mukesh Ambani‘s home Antilia has seen a number of parties in the…

12 media barons worth Rs 2,962,530,000,000

Twelve media barons in Forbes India‘s list of the 100 richest Indians are worth $54.6 billion, in other words Rs 2,962,530,000,000. There are five pure-play media barons in the Forbes list: Subhash Chandra of Zee (total worth $2.9 billion) at No. 22, Kalanidhi Maran of Sun ($2.8 billion) at No. 24, Indu Jain of The…

The Ambani brothers, TOI, Medianet & paid news

The “reverse-swing” done on Zee News by Jindal Steel is one of the most intriguing media stories in recent memory. The steel company says it is suing the Subhash Chandra-owned network for Rs 200 crore for the demand of Rs 100 crore in lieu of advertisements allegedly made by its editors, Sudhir Chaudhary and Sameer…

Good news: ‘Media sector is a sunrise sector’

What was bazaar speculation for quite a while is now a matter of record. Aroon Purie, the bossman of the India Today group, has divested over a quarter of his holding in Living Media India Limited, in favour of one of India’s richest men, Kumar Mangalam Birla for an undisclosed sum (Business Standard reports that…

“Reliance has no ‘direct’ stake in media cos”

A screengrab of the official press information bureau (PIB) release on 14 May 2012, on the shareholding of Mukesh Ambani‘s Reliance Industries in media companies. Interesting, if true. Also read: Mint says SEBI looking into RIL-Network18/TV18-ETV deal Rajya Sabha TV tears into RIL-Network18-ETV deal Will RIL-TV18-ETV deal win SEBI, CCI approval? The sudden rise of…

EPW on the RIL-ETV-TV18 deal-within-a-deal

In the latest issue of the Economic & Political Weekly, Paranjoy Guha Thakurta and Subi Chaturvedi weigh in on the nearly forgotten RIL-ETV-TV18 deal, which gives India’s biggest business house control over India’s biggest business news channel, a clutch of news channels, online properties and magazines: “If international best practices are to be followed, cross-media…

Mint says SEBI looking into RIL-TV18-ETV deal

Finally, some critical coverage of the Reliance-Network18/TV18-ETV deal in the business media. Mint, the business newspaper from the Hindustan Times stable, has a story in today’s issue that the stock market regulator, SEBI, is looking into RIL’s financial statements and reports to see if the company had divulged its holding or investment in ETV before…

Will RIL-TV18-ETV deal win SEBI, CCI approval?

PRITAM SENGUPTA in New Delhi and KEERTHI PRATIPATI in Hyderabad write: Media criticism in India, especially in the so-called mainstream media, has never been much to write home about. Operating on the principle that writing on another media house or media professional means exposing yourself to the same danger in the future, proprietors, promoters and…

The sudden rise of media mogul Mukesh Ambani

Mukesh Ambani (left) went to sleep last night as India’s richest man and woke up this morning as also India’s biggest media mogul. That, in a nutshell, is the sum and substance of the dramatic announcement by Reliance Industries Limited (RIL) that it was getting into a tie-up with Raghav Bahl‘s Network18. The tie-up means…

Why hasn’t India thrown up a media mogul?

Indian media houses, promoters and practitioners are gung-ho about foreign direct investment (FDI) in all sectors except the media, under the specious argument that the media is not a “commodity”, etc. Media barons who justify the worst excesses of modern Indian media under the this-is-what-the-consumer-wants logic, somehow find it convenient to block FDI in media…

Rajeev Shukla: from reporter to minister of state

PRITAM SENGUPTA writes from Delhi: Rajeev Shukla, the journalist who began his career as a lowly reporter in the Hindi daily Northern India Patrika in Kanpur in 1978 before turning to politics in 2000, is to become a minister in the Manmohan Singh government this evening. The 52-year-old will be the minister of State in charge…

‘Zee is the only news channel making money’

The mention of TV news in India brings up the usual names among news aficionados—Times Now, NDTV 24×7 and NDTV India, Aaj Tak and Headlines Today, CNN-IBN and IBN Awaaz, et al. But there is another player in the ring from India’s oldest satellite network. And Zee News, says its CEO Punit Goenka, is the…

The Indian Express, Reliance and Shekhar Gupta

The shadow of Mukesh Ambani‘s Reliance Industries (RIL) has hung heavily over the northern editions of the Indian Express for the last seven years, in a marked departure from the late 1980s when Ramnath Goenka‘s paper was seen as Dhirubhai Ambani‘s chief  bully and bugbear. Tongues have wagged incessantly about how well paid Express staffers are…