No raids on NDTV, promoters have to stand scrutiny: Venkaiah

June 7, 2017

New Delhi, Jun 7: There were no raids on NDTV with the CBI not entering any office of the channel, Union Information and Broadcasting Minister M. Venkaiah Naidu said today while dimissing allegations that the searches were an infringement on press freedom.venkaiah

The Central Bureau of Investigation's raids on the properties of NDTV founder Prannoy Roy on June 5 on allegations of bank fraud had drawn criticism from several political parties as well journalist groups such as the Editors' Guild of India, Press Club of India and All India Newspaper Editors' Conference.

"There is no raid on NDTV. The CBI has not entered the premises of the newsroom or TV studio or any other related offices of the media channel. The management and promoters have to stand scrutiny and answer to the people instead of blocking it and then making allegations," Naidu said on the sidelines of a function here.

Rubbishing claims of a vendetta against the channel, Naidu said the promoters of NDTV, Prannoy and Radhika Roy, should submit to due process of the law as there were questions on their operations that needed disclosures.

"Those disclosures will be enquired into," the minister said, indicating that the troubles for the channel are unlikely to end soon.

Naidu said the media house cannot presume itself to be above the law. "This is especially true when ownership of most media today is defined by a vertiginous web of cross-holding involving corporate and entities for whom media is not a primary business," he said.

CBI had in a statement earlier cited a Supreme Court order of 2016 to assert that the agency has jurisdiction to take up investigation of cases of corruption concerning private banks as well.

It also refuted the charge that its move against the news channel was an infringement of freedom of speech, emphasising that searches, carried out in the basis of warrants issued by court, covered only the premises and offices of promoters.

Lashing out at the Congress for alleging that the government was misusing CBI, Naidu said, "I am surprised that the Congress party is talking about the misuse of CBI. My PM was grilled for eight hours when he was Gujarat CM during UPA regime and our party president was foisted with a false case and spent time in jail. Now these people are talking about misusing CBI."

The minister was referring to Modi being grilled in 2010 by a Supreme Court-appointed probe panel over his alleged complicity in not doing enough to stop the 2002 communal riots in Gujarat and Shah's stint in jail in the same year in the Sohrabuddin Sheikh fake encounter case.

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Agencies
January 12,2020

Mumbai, Jan 12: Thousands of citizens on Sunday congregated in Mumbai's suburban Jogeshwari to oppose the new citizenship law, the proposed NRC and NPR.

They also condemned last Sunday's violence on the JNU campus in Delhi, where masked men ran riot and attacked students. Leftist organisations had claimed RSS-affiliated ABVP's role in the attack, a charge denied by the students' body.

Former Tata Institute of Social Science (TISS) general secretary Fahad Ahmed told PTI that they assembled under the aegis of 'Hum Bharat Ke Log' in Millat Nagar area.

"Prime minister Narendra Modi should call 56 students from across the country to debate on the CAA, NRC and NPR," Ahmed said in an apparent jibe at Modi's "56 inch chest" remark, which the latter had made ahead of the 2014 Lok Sabha polls.

"Why the PM is not talking to us? Why is he not communicating? Even the Britishers used to talk to Indians whom they ruled, but our PM is not talking to poor people," he alleged.

Bollywood actor Sushasht Singh also spoke on the occasion.

"We are people of this country and such acts (CAA) are tarnishing the image of our country," he said.

At the gathering, people waved banners with slogans like "I Am From Gujarat, My Documents Burned in 2002", "No CAA, Boycott NRC, Stop Dividing India, Don't Divide us", "Save Constitution", written on them.

A large number of police personnel were present at the venue.

The Citizenship Amendment Act (CAA), which was notified on January 10, grants Indian citizenship to non-Muslim minorities migrated to India from Afghanistan, Pakistan and Bangladesh till December 31, 2014, following persecution over their faith.

Massive protests were witnessed against the CAA, mainly by the student community, since its passage by Parliament in December last year.

Opposition parties have been dubbing the CAA an "anti-Muslim" legislation, a charge being debunked by the government.

The Congress and other parties like the TMC have also opposed the proposed National Register of Citizens (NRC) and the National Population Register (NPR).

Union home minister Amit Shah has said that the government won't rest until persecuted refugees are granted Indian citizenship.

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Agencies
June 16,2020

Mumbai, Jun 16: Saudi Arabia’s sovereign wealth fund, PIF, is all set to pick up a stake in Jio Platforms, which would complete 25% of Jio’s equity dilution to the investors, said a report by the Gulf News.

Jio Platforms is part of the Reliance Industries empire owned by Mukesh Ambani. The Public Investment Fund (PIF) will acquire 2.33% for an estimated $1.5 billion, the report said.

So far, Jio Platforms has raised investment from 10 different global investors in seven weeks, the latest being TPG Capital buying 0.93% equity for Rs 4,547 crore and private equity firm L Catterton picking up a 0.39% stake for Rs 1894.50 crore.

Jio Platforms has raised a total of Rs 1.04 lakh crore so far from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton since April 22.

With PIF coming on board, Jio Platforms would have diluted 25% of its equity. That's the maximum they intend to dilute to financial investors, which includes Mark Zukerberg's Facebook.

Any new investors coming on board in future will have to be "strategic investors, a tech giant, for instance," said a source who was part of the deal-making process, the report said.

In recent days, Jio Platforms, which will merge telecom, content streaming, gaming and ecommerce features into its app, has seen Abu Dhabi's Mubadala and ADIA pick up significant stakes amounting to $1.2 billion and $750 million, respectively.

Reliance Industries' owner, Ambani, Asia's richest man, has been on an investor acquisition spree, with the likes of Facebook and private equity majors such as KKR and Silver Lake Capital investing in Jio Platforms.

The contours of the deal with Saudi Arabia's PIF was finalised during Ramadan. "It was always Mukesh Ambani's wish to have a special relationship with Saudi Arabia and the UAE," said Anshuman Mishra, a London-based confidante and family friend of the Ambani family of longstanding, Gulf News quoted as saying.

He has also worked extensively with Gulf sovereign wealth funds over the years.

"Saudi Arabia's coming in to close the financial investor round in Jio is indicative of the special nature of the relationship. This is also indicative of the multi-billion-dollar partnership announced last year with Saudi Aramco.

"This is a major success for the present Indian government's foreign policy initiative in the gulf and symbolic of India's significance in the GCC," it said.

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Agencies
January 26,2020

Guwahati, Jan 26: Four powerful grenade explosions--three in Dibrugarh and one in Charaideo districts--rocked Assam Sunday morning as the country celebrated Republic Day, police said.

In Dibrugarh district, an explosion took place at Graham Bazar and another beside a gurudwara on A T Road, both under Dibrugarh police station.

Another explosion rocked the oil town of Duliajan whose details are still awaited, police said.

Another explosion rocked Teok Ghat under Sonari police station of Charaideo district, they said.

Senior officials have rushed to the explosion sites and details of casualty are awaited, police added.

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