UTV plans business news channel

MUMBAI: UTV is planning to launch a business news channel, industry sources say. The company has already announced its broadcast initiatives which will kick off with its youth centric Hindi GEC Bindass.

UTV is in talks with a couple of international broadcasters and financial investors for the business news channel venture, say sources.

Many foreign broadcasters are eyeing India as an important destination in their expansion plan. Disney’s 24-hour news channel ABC News Now has expressed plans to enter India.

UTV CEO Ronnie Screwvala was not available for comment.

UTV has already announced plans to launch a slew of eight to 10 channels, including in the niche and variety special genre. Bindass is a 50:50 joint venture with Malaysia-based Astro.