News Broadcasting
ABP group set to pick up 74% in MCCS – Star News holding company
NEW DELHI: The buzz is that Ananda Bazar Patrika (ABP), controlled by the Sarkar family of Kolkata, is set to pick up 74 per cent equity stake in a company that would oversee the functioning of Star News in India, including the uplinking of content from here.
While a Star India spokesperson told indiantelevision.com that the company “neither confirms or denies” the development, according to sources in ABP, Aveek Sarkar, the 60-something owner of the publishing group, informally conveyed the development to some of his trusted colleagues in the Delhi office of The Telegraph newspaper, which is published by ABP, today afternoon.
The deal, as reported by Business Standard today, was clinched by Sarkar after having promised to cough up Rs 750 million against another bid for a majority shareholding in the news venture by Nusli Wadia, who is said to have pitched in with Rs 400 million.
Sarkar could not be contacted for a comment. When contacted, the largest existing Indian shareholder ad man Suhel Seth refused to make any comments, while another five per cent shareholder in Media Content Communications Services India Pvt. Ltd., Hindustan Times editor Vir Sanghvi, said, “I am still to receive any offer from anybody for my shareholding.”
When specifically asked whether he is game to exit the Star News venture, Sanghvi added, “If the terms and conditions are good, I , like any other shareholder, should not have a problem.”
Sanghvi is slated to have dinner today with Sarkar, who was described by him as “an old friend.” If Star manages to bring on board ABP, it would lay to rest a controversial case relating to Star News of dummy companies and shareholders with no real powers.
It is, however, not known whether Star, directly or indirectly, would have some business interest in ABP or a subsidiary that may be interested in bringing out an edition of Telegraph from Mumbai, the stronghold of Times of India.
According to Business Standard, rival bidder Wadia of Bombay Dyeing was informed on Saturday of Star’s decision regarding ABP. A formal announcement is expected in a day or two. ABP will pick up 74 per cent of the equity, with Star holding the remaining 26 per cent – in line with the government’s new rules for TV news companies, the business paper reported.
Previous investors in a controversial dummy company with Rs 40 million equity, including Seth, TV personality Maya Alagh, former Bollywood actor Jeetendra and DSP Merrill Lynch’s Hemendra Kothari, will presumably be bought out, Business Standard said.
ABP is expected to pay over Rs 750 million for its stake in the partnership, which places the Star News valuation, pre-investment, at about Rs 250 million, and post-investment at Rs 1 billion, BS said.
Amongst the suitors whom Star Group Pvt. Ltd.’s CEO James Murdoch met last week over two days included the Jains of Times of India. Others who had also sent feelers included former Shiv Sena member of parliament Pritish Nandy, according to industry sources.
What could have gone in favour of ABP and Sarkar? Apart from being a non-controversial businessman with adequate political links unlike the Birlas and the Wadias, Sarkar does not have any other business interest other than media. Sarkar also brings to the table the tacit support of another Kolkata-bred Marwari businessman, RP Goenka, who controls the RPG group with large business interests in the entertainment sector (HMV, Sare Ga Ma, cable distribution company amongst others).
At the end of the day, it doesn’t suit Rupert Murdoch’s style to shut down ventures.
News Broadcasting
UDF poised to return to power in Kerala, says Manorama-CVoter survey
Massive opinion poll projects shift in Kerala politics ahead of 2026 Assembly elections.
MUMBAI: The winds of change appear to be blowing through Kerala’s political landscape and this time, they seem to favour the United Democratic Front. A comprehensive mega opinion survey conducted by Manorama News in partnership with CVoter projects a potential comeback for the UDF in the upcoming Kerala Legislative Assembly Elections 2026. The survey, covering all 140 constituencies with a massive sample size of nearly 90,000 respondents, predicts the UDF could win between 69 and 81 seats.
The ruling Left Democratic Front (LDF) is expected to secure 57 to 69 seats, a significant drop from the 99 seats it won in the 2021 elections. This would mean the LDF losing 30 to 42 of its sitting seats. Meanwhile, the National Democratic Alliance (NDA), which drew a blank in 2021, is projected to open its account with 1 to 5 seats.
Region-wise, the UDF is expected to make strong gains in Malabar, winning 25 to 34 out of 48 seats, and in Central Kerala, where it could bag 29 to 33 out of 53 seats. In South Kerala, the LDF is likely to retain an edge with 21 to 25 seats, while the UDF may improve to 12 to 16 seats. The NDA could pick up 1 to 3 seats in the southern region.
The survey was conducted between 14 and 26 March 2026, with additional tracker and snap polls carried out from December 2025 to March 2026. A total of 89,693 respondents participated, ensuring representation across all demographics and social segments.
Manorama News has a strong track record of accuracy, with its previous projections closely matching the actual results of the 2019 and 2024 Lok Sabha elections as well as the 2021 Kerala Assembly polls.
In Kerala’s famously fierce political battles, this survey suggests the pendulum may be swinging back. Whether the final verdict matches these numbers or throws up another surprise, one thing is clear, the 2026 Assembly elections are shaping up to be one of the most keenly watched contests in the state’s history.
