News Broadcasting
CDF to increase stake in USL
Century Direct Fund (CDF) of Mauritius LLC, which currently holds 18.42 per cent equity stakes in United Studios Ltd, will be increasing its stake by another one percent as TCFC Finance Ltd is selling out its stake in United Studios.
United Studios Ltd is a company under the umbrella of Unilazer group. Other group companies include United Teleshopping, United TV (UTV), a TV software production organisation, and UTV Interactive which is a wholly-owned susbidiary of UTV.
TCFC Finance Ltd held 71,000 equity shares constituting 0.77 per cent of the current paid up capital of United Studios. The investmend had been made as co-investor along with CDF to which TCFC was an advisor.
As a result of a restructuring of the operations of TCFC Finance, it has ceased to be an advisor to CDF and has agreed to sell its investment in United Studios to Century Direct Fund.
The Foreign Investment Promotion Board (FIPB) approved United Studios proposal recently. The other foreign shareholder in United Studios is Mitsui group of Japan which holds 18,49,990 shares aggregating to 20 per cent of the total paid up equity capital of the company.
Total foreign equity in United Studios amount to 38.42 per cent amounting to 35,54,000 equity shares of Rs 10 each.
Earlier, the government had given permission for foreign direct investment in United Studios subject to:
*All future laws on broadcasting will be applicable to United Studios and it will not claim any privilege or protection by virtue of prior approval.
*The company will not undertake any broadcasting from Indian soil unless specially permitted to do so by the government.
* There will be no obligation on the part of Doordarshan to buy TV software from the joint venture company, United Studios.
Earlier this year, Intel Pacific and GE Capital Mauritius Equity Investment picked up 12.86 and 6.98 per cent, respectively in United Teleshopping & Marketing Co. Ltd. Subsequently, the foreign equity in United Teleshopping has increased from 45.45 to 57.14 per cent amounting to Rs 360 lakh. United Teleshopping is in the process of issuing fresh equity of 13,50,000 shares of Rs 10 each in the revised paid up capital of Rs 630.07 lakh which will be subscribed as follows:
* Draper India International Mauritius– 17.86 per cent
* Walden-Nikko Mauritius Company, Mauritius– 19.44 per cent
* Intel Pacific Incorporation, USA — 12.86 per cent
* GE Capital Mauritius Equity Investment –6.98 per cent.
Last year, UTV promoters had decided to buyout Rupert Murdoch-controlled News Corp’s 37 per cent equity stake in the Indian media house. Part of the additional funding for this News Corp shareholding buyback came from FII, Warburg Pincus.
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
