Dinesh jain
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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.
Raghav Bahl’s BloombergQuint crosses first hurdle, gets FIPB nod | TelevisionPost.com
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.
Raghav Bahl’s BloombergQuint crosses first hurdle, gets FIPB nod | TelevisionPost.com