New Delhi Television Limited (NDTV) is an Indian television media company founded in 1988 by Radhika Roy, a journalist. In a talk on the 25th anniversary of NDTV, her husband Prannoy Roy said that he joined NDTV a few weeks after Radhika had founded it.[3] NDTV's first show, The World This Week began in November 1988.
As of June 2019, New Delhi Television. Securities and Exchange Board of India barred Prannoy Roy and his wife Radhika Roy from 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.[4][5] In August 2019, its CEO Suparna Singh resigned after CBI booked promoters for alleged FDI norms violation.
Channels operating
Channels of NDTV Group are:[7]
NDTV 24x7 – 24-hour English news channel.
NDTV India – 24-hour Hindi news channel.
NDTV Profit – Business news channel.
NDTV Good Times – Lifestyle channel.
NDTV HOP - In October 2018, NDTV and Airtel announced the launch of NDTV HOP, a live channel for mobile devices which carries its content in the vertical/portrait aspect ratio rather than the traditional horizontal viewing mode.[8]
Notable personalities
Prannoy Roy, co-founder and one of India's earliest psephologists
Sonia Singh, Editorial Director
Nidhi Razdan, Executive editor
Sreenivasan Jain, Editor of NDTV 24x7
Ravish Kumar, Editor of NDTV India (Hindi channel)
Sarah Jacob, Host of We the People
Notable former associates
Vikram A Chandra, CEO in 2016 (Left NDTV in 2016, and stopped presenting shows as a guest anchor in April 2019) [9]
Barkha Dutt (1995-2017, Group Editor in 2015) [10]
Rajdeep Sardesai
Suparna Singh (1994-2019, CEO 2017-2019) [11]
Controversies
Corruption and criminal conspiracy
On 20 January 1998, Central Bureau of Investigation filed various cases against New Delhi Television (NDTV) managing director Prannoy Roy, former director general of Doordarshan R. Basu and five other top officials of Doordarshan under Section 120-B of the Indian Penal Code (IPC) for criminal conspiracy and under the Prevention of Corruption Act. According to the Central Bureau of Investigation (CBI) charge-sheet, Doordarshan suffered a loss of over Rs. 35.2 million due to the "undue favours" shown to NDTV as its programme The World This Week (TWTW) was put in 'A' category instead of 'special A' category.[12][13][14][15][16][17]
Radia tapes controversy
Main article: Radia tapes controversy
In November 2010, OPEN magazine carried a story which reported transcripts of some of the telephone conversations of Nira Radia with senior journalists, politicians, and corporate houses, many of whom have denied the allegations. The Central Bureau of Investigation has announced that they have 5,851 recordings of phone conversations by Radia, some of which outline Radia's attempts to broker deals in relation to the 2G spectrum sale.[18] The tapes appear to demonstrate how Radia attempted to use some media persons including NDTV's Barkha Dutt to influence the decision to appoint A. Raja as telecom minister.[19] She left the channel in January 2017.[20]
Tax fraud
NDTV, through its foreign subsidiaries have allegedly violated numerous Indian tax and corporate laws.[21] NDTV has denied these allegations.[22]
The Sunday Guardian, a centre-left newspaper ran a story which exposed the NDTV's financial misdemeanours and malpractices in connivance with ICICI Bank.[23] It provides details of how NDTV's major stakeholders raised funds by misdeclaration of the value of shares in NDTV. NDTV CEO claimed[24] to the Sunday Guardian along 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, the ED served ₹2,030 crore (US$280 million) notice to NDTV for alleged violations under the FEMA act,[25] however 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$90 million) 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]
Commonwealth Games contract
On 5 August 2011, Comptroller and Auditor General of India's report on XIX Commonwealth Games was tabled in Parliament of India. In section 14.4.2 of the report, CAG alleged that while awarding contracts worth ₹37.8 million (US$530,000) 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.
As of June 2019, New Delhi Television. Securities and Exchange Board of India barred Prannoy Roy and his wife Radhika Roy from 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.[4][5] In August 2019, its CEO Suparna Singh resigned after CBI booked promoters for alleged FDI norms violation.
Channels operating
Channels of NDTV Group are:[7]
NDTV 24x7 – 24-hour English news channel.
NDTV India – 24-hour Hindi news channel.
NDTV Profit – Business news channel.
NDTV Good Times – Lifestyle channel.
NDTV HOP - In October 2018, NDTV and Airtel announced the launch of NDTV HOP, a live channel for mobile devices which carries its content in the vertical/portrait aspect ratio rather than the traditional horizontal viewing mode.[8]
Notable personalities
Prannoy Roy, co-founder and one of India's earliest psephologists
Sonia Singh, Editorial Director
Nidhi Razdan, Executive editor
Sreenivasan Jain, Editor of NDTV 24x7
Ravish Kumar, Editor of NDTV India (Hindi channel)
Sarah Jacob, Host of We the People
Notable former associates
Vikram A Chandra, CEO in 2016 (Left NDTV in 2016, and stopped presenting shows as a guest anchor in April 2019) [9]
Barkha Dutt (1995-2017, Group Editor in 2015) [10]
Rajdeep Sardesai
Suparna Singh (1994-2019, CEO 2017-2019) [11]
Controversies
Corruption and criminal conspiracy
On 20 January 1998, Central Bureau of Investigation filed various cases against New Delhi Television (NDTV) managing director Prannoy Roy, former director general of Doordarshan R. Basu and five other top officials of Doordarshan under Section 120-B of the Indian Penal Code (IPC) for criminal conspiracy and under the Prevention of Corruption Act. According to the Central Bureau of Investigation (CBI) charge-sheet, Doordarshan suffered a loss of over Rs. 35.2 million due to the "undue favours" shown to NDTV as its programme The World This Week (TWTW) was put in 'A' category instead of 'special A' category.[12][13][14][15][16][17]
Radia tapes controversy
Main article: Radia tapes controversy
In November 2010, OPEN magazine carried a story which reported transcripts of some of the telephone conversations of Nira Radia with senior journalists, politicians, and corporate houses, many of whom have denied the allegations. The Central Bureau of Investigation has announced that they have 5,851 recordings of phone conversations by Radia, some of which outline Radia's attempts to broker deals in relation to the 2G spectrum sale.[18] The tapes appear to demonstrate how Radia attempted to use some media persons including NDTV's Barkha Dutt to influence the decision to appoint A. Raja as telecom minister.[19] She left the channel in January 2017.[20]
Tax fraud
NDTV, through its foreign subsidiaries have allegedly violated numerous Indian tax and corporate laws.[21] NDTV has denied these allegations.[22]
The Sunday Guardian, a centre-left newspaper ran a story which exposed the NDTV's financial misdemeanours and malpractices in connivance with ICICI Bank.[23] It provides details of how NDTV's major stakeholders raised funds by misdeclaration of the value of shares in NDTV. NDTV CEO claimed[24] to the Sunday Guardian along 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, the ED served ₹2,030 crore (US$280 million) notice to NDTV for alleged violations under the FEMA act,[25] however 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$90 million) 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]
Commonwealth Games contract
On 5 August 2011, Comptroller and Auditor General of India's report on XIX Commonwealth Games was tabled in Parliament of India. In section 14.4.2 of the report, CAG alleged that while awarding contracts worth ₹37.8 million (US$530,000) 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.
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