News Broadcasting
Web18 getting into stock broking; partners with Ambit, Centurion Bank
MUMBAI: TV18’s internet ventures arm Web18 is moving into online stockbroking.
Web18, Ambit and Centurion Bank of Punjab have announced a partnership to pursue the fast-growing brokerage business with a strong internet presence in India.
In Ambit Capital, which will handle institutional and high-networth business, Ambit will hold 51 per cent while Web18 will have 29 per cent and Centurion Bank of Punjab 20 per cent, said Ambit promoter Ashok Wadhwa.
Ambit Web18 is the company that will handle retail business. “Ambit Capital will hold 51 per cent in this company, Web18 39 per cent and Centurion Bank of Punjab 10 per cent,” Wadha said.
Apart from stock broking, a range of financial services including distribution of third party products, portfolio management services etc. will be offered by the venture. With increasing internet penetration in the country, retail customers will be serviced online by the venture, asserts an official release.
It will leverage upon the online presence of Web18’s several internet properties including moneycontrol.com, easymf.com, poweryourtrade.com and commoditiescontrol.com as well as the extensive branch reach of Centurion Bank of Punjab. The businesses will be managed by a professional board chaired by Rana Talwar.
Ambit has extensive experience in providing financial services such as investment banking, stock broking and investment advisory services. Web18, a TV18 Group company, is a player in the Indian internet space with presence and partnerships including the online financial space ( moneycontrol.com), e-recruitment ( jobstreet.com), online travel (yatra.com) and allied ventures with over five million visitors per month.
With over three million customers at its 249 branches, Centurion Bank of Punjab has strong presence across the country and has significant understanding of the retail segment in India.
Ambit Corporate Finance partner and CEO Ashok Wadhwa said, “We are excited about partnering with a leading business media group and a leading bank in what we believe will create a truly world class Indian Brokerage House”
Web18 managing director Raghav Bahl added, “Considering Web18’s strong positioning in the online information and transaction segment, a partnership in the e-broking space is a natural extension for us. With their expertise and strong reputation in the market place, our partner’s will enable the venture in capturing a substantial market share in this business.”
Speaking on the occasion, Centurion Bank of Punjab managing director and CEO Shailendra Bhandari said “We are very pleased with this initiative, which will enable the bank to offer an increasing array of sophisticated financial products to our mass affluent and our high net-worth customers. By adding broking services, the bank will be able to complete its suite of wealth management services, which currently includes complete financial advisory services and distribution of products such as mutual funds and life insurance.”
The joint venture is subject to obtaining all regulatory approvals. Amarchand Mangaldas are the legal advisors to the joint venture, adds the release.
News Broadcasting
Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
