News Broadcasting
ETC board okays share-swap ratio for merger
MUMBAI: The boards of ETC Networks Ltd and Econnect India Ltd (EIL) have approved the share swap ratio for the merger of the two companies in their board meetings held on 2 January 2004, ETC informed the Bombay Stock Exchange.
Earlier, in a meeting held on 15 December 2003, the Zee Telefilms Ltd (ZTL) board had approved the merger of ETC Networks with another ZTL subsidiary Econnect India Ltd (EIL).
Under the approved share swap arrangement, the ETC shareholders will be entitled to three Econnect equity shares of Rs 10 each fully paid up against every ETC equity share of Rs 10 each fully paid up held by them.
However, to rationalise the resultant share capital of the merged entity EIL, the share capital of EIL will be re-organised by consolidating three shares of Rs 10 each fully paid up into one equity share of Rs 10 each fully paid up.
This means that once the amalgamation and capital restructuring of ETC and EIL are completed, the shareholders of ETC would be issued and allotted one Econnect equity share of Rs 10 each fully paid up for every equity share of Rs 10 each fully paid up held by them, that is, in the ratio of 1:1.
The name of the merged entity would then be changed to ETC Networks Ltd. The merger process is expected to be completed within a period of four-five months.
The proposed merger is subject to the approval of shareholders of the company and the Hon’ble High Courts of Judicature at Bombay and Delhi.
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.
