News Broadcasting
Murdoch sued in US over fall in Gemstar share value
MUMBAI: News Corp chairman Rupert Murdoch and elder son Lachlan are being sued by shareholders in TV guide company Gemstar over the $30 billion fall in its value in the past two years.
News Corp, which owns 42 per cent of Gemstar, and the Murdochs, who sit on the US company’s board, stand accused of helping defraud investors by “causing Gemstar to engage in unlawful conduct.” The lawsuit claims Gemstar failed to issue reports showing the falling value of the business and threats to its major asset, patents for a system to record television programmes, the thisislondon.co.uk website has reported.
At a time when investors are scrutinizing US companies’ accounting statements for numbers perceived as false or misleading, a judge’s determination that Gemstar’s patents haven’t been infringed once again calls into question Gemstar’s revenue recognition policies. Earlier this year, the company disclosed that it had recorded more than $100 million in licensing revenue from Scientific-Atlanta since 1999, even though Scientific-Atlanta had refused to pay up and then sued Gemstar in federal court to get a ruling that it wasn’t infringing on Gemstar’s patents.
News Corp has had to write off about $4 billion of its investment in Gemstar and is expected to write off another $1billion when it reports results later this month, says thisislondon.co.uk.
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.
