I&B Ministry to private channels: Stick to the programming code of Cable TV Act

The Information & Broadcasting Ministry has asked private TV channels to broadcast content strictly adhering to the Programme and Advertising Codes prescribed under the Cable TV Act.

In its advisory, the Ministry stressed on the provisions in the Programming Code that states that no “programme should contain anything obscene, defamatory, deliberate, false, suggestive innuendos and half-truths.”

In addition, it stated that the Code prescribes that no programme should “criticise, malign or slander any individual in person or certain groups, segments of social, public or moral life of the country.”

This advisory comes at a time when serious concerns have been raised about what is termed the rising toxicity in content aired by news channels.

The advisory by the Information & Broadcasting Ministry also noted the recent observations of the Delhi High Court in the matter of Rakul Preet Singh Vs Union of India. In its September 17, order, the Court had said, “As far as the prayer for further interim relief made in the application by the petitioner, it is hoped that media houses and television channels would show restraint in reporting and abide by the provisions of the programme code as also the various guidelines, both statutory and self-regulatory, while making any report in relation to the petitioner.”

The Ministry’s advisory has been sent to various broadcasters and industry associations including the News Broadcasters Association, the Indian Broadcasting Foundation, and the Association of Regional Television Broadcaster of India. The Ministry has asked broadcasters to ensure compliance of the directions.

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Flipkart, Paytm, Byjus, PhonePe to Zomato, Bernstein highlights top private Internet firms that may go for IPOs in 2021 and beyond





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Some of the names highlighted in this report are the ones whose services all of us use in our day to day life – Flipkart, Paytm, Byjus, PhonePe, Zomato, Policybazaar, Delhivery, Big Basket. Bernstein says these companies may well go for IPOs in 2021 and beyond.

These companies have significant market share in their respective industry and they have thrived extremely well during tough situations in Indian market. As we have seen in the past few months, many new companies have got listed in Indian market and their IPOs were highly oversubscribed in the retail category too. Also, the majority of these IPOs did reward investors with extremely high returns which makes them all the more attractive. 

Now, retail investors can monitor these companies in internet space extremely closely as they have a humongous growth potential in India and can give excellent returns to investors. Many retail investors are not only looking at these IPOs for listing gains but also as a strong investment theme which can yield handsome returns in the next few years.

THE INTERNET ECOSYSTEM THEME IN INDIA

The growth in Indian E-Commerce is driven by online penetration (still very low penetration in eCommerce and life services), offline integration (internet companies turning offline as an addressable market), and traffic concentration, which is the conglomerates premium.

 The E-Commerce market is expected to grow from US $24 bn in 2018 to US $133 bn in 2025 (CAGR of 30%). Online shoppers are projected to reach 330 mn by 2025, driving online retail market growth. The increase in internet penetration, higher per capita income, broader selection, and convenient delivery are driving adoption and growth.

 Life services and Food delivery which includes food delivery, ride hailing, and online travel booking is expected to increase from US

Vista’s Robert Smith says there are more opportunities in private markets than public right now

Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets.

Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas of technology that the public markets still emphasize.

“There’s actually a bit of dislocation of opportunity because 98% of enterprise software companies are private,” Smith said. 

“One of the keys is understanding what businesses are the right businesses to invest in as a private equity firm,” he added. “From our perspective, it’s really interesting: The public markets continue to focus on what we call hardware and consumer technology.”

Vista, now 20 years old, has carved out a niche for itself on Wall Street by investing in young software companies and restructuring them according to a strict list of standards to generate more profit and revenues.

Oftentimes Vista works with a fledgling software companies on its efficiency until it’s “mature,” and is ready to hit the public markets through an initial public offering.

And with advancing computing technology making its way around the world, Smith said the potential for even more compelling investments is accelerating.

Even beyond a comparison to the public markets, Smith said he’s seeing a deluge of enterprise software opportunities right now.

“In our sector, enterprise software, we continue to see companies with very strong revenue growth. If they’re run well, and with our work, they’re actually accelerating in this time period,” he said. “And the fact is that there is just a massive demand for digitization globally.”

“There has also been a distribution of computing power over the last 20 years, there’s actually a large number of software companies that are

Japan’s NTT to spend $38B to buy out, take DoCoMo private

Updated


MITO, Japan (AP) — Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, announced Tuesday it will spend 4.3 trillion yen ($38 billion) to buy out and take private its mobile unit NTT DoCoMo in one of the largest ever deals of its kind.

NTT and NTT DoCoMo executives released details of the plan Tuesday.

The move is intended to enhance the competitiveness of the NTT group as it consolidates its services, said NTT’s CEO Jun Sawada.


“We want to be a game changer,” Sawada said.

NTT to Take Mobile Unit Docomo Private for $38 Billion

(Bloomberg) — Nippon Telegraph & Telephone Corp. plans to turn its wireless carrier unit NTT Docomo Inc. into a wholly owned subsidiary, a move that may help Prime Minister Yoshihide Suga’s policy push to lower phone tariffs.



a group of people standing next to a sign: Pedestrians cross a road in front of an NTT Docomo Inc. store in Tokyo, Japan, on Wednesday, April 24, 2019. Docomo this month cut prices on its mobile phone data plans, some by as much as 40 percent, responding to government pressure to reduce prices that it says are among the world's highest.


© Bloomberg
Pedestrians cross a road in front of an NTT Docomo Inc. store in Tokyo, Japan, on Wednesday, April 24, 2019. Docomo this month cut prices on its mobile phone data plans, some by as much as 40 percent, responding to government pressure to reduce prices that it says are among the world’s highest.

NTT will pay 3,900 yen a share to acquire the shares it doesn’t already hold, the companies said in a statement. The buyout is worth around 4.25 trillion yen ($40 billion), a more than 40% premium to Monday’s closing price in Tokyo. Given that parent NTT already controls 66% of the wireless carrier, any proposal is all but guaranteed to pass.

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Docomo’s board said it’s in favor of the takeover by its parent, which will fund the purchase through borrowings. The tender offer, the largest for a Japanese company in history, is scheduled to start Sept. 30 and will be completed in the fiscal year ending March 31. When NTT spun out Docomo in 1998, it was also the biggest-ever initial public offering at the time.

The proposal to combine the former national companies comes just 15 days after Suga succeeded Shinzo Abe as the nation’s prime minister. With government documents showing data-heavy users in Tokyo pay more than three times for a monthly contract than users in Paris, Suga has made reducing phone bills charged by Docomo and Japan’s other major carriers a priority to score a quick policy win and avoid being seen as a caretaker leader, market watchers have said.

“In order to