Cable TV
Taj TV to supply signals to Grant Investrade after signing ICA
NEW DELHI: Grant Investrade, which operates the headend-in-the-sky (HITS) brand NXT Digital, and Taj Television have arrived at an agreement.
Taj Television will provide its signals to Grant Investrade as soon as an inter-connect agreement is signed.
Stating this, the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) noted however that the agreement will be “without prejudice to Grant’s rights and contentions with regard to those clauses.”
Listing the case for 13 January, TDSAT chairman Justice Aftab Alam and members Kuldip Singh and B B Srivastava made this observation after counsel Salman Khurshid on behalf of Grant Investrade said his client had some reservations on two or three clauses of the agreement.
Both counsels namely Pratibha Singh on behalf of Taj and Khurshid said there was broad agreement for supply of Zee channels as also for Turner channels and this would be signed this week.
Singh accepted that the agreement would be signed “without prejudice to Grant’s rights and contentions with regard to those clauses.”
Cable TV
Hathway Cable appoints Gurjeev Singh Kapoor as CEO
Leadership change comes as cable TV faces shrinking subscriber base and modest earnings pressure
MUMBAI: Hathway Cable and Datacom has tapped industry veteran Gurjeev Singh Kapoor as chief executive officer, marking a leadership pivot at a time when India’s cable television business is under mounting strain.
Kapoor will take over from Tavinderjit Singh Panesar, who is set to retire in August after a long innings with the company. Panesar, chief executive since 2023, has held multiple leadership roles at Hathway, including his latest stint beginning in 2022.
Kapoor brings more than three decades of experience in media and entertainment. He most recently led distribution at The Walt Disney Company’s Star India business, now part of JioStar. His career spans television distribution and affiliate partnerships, with stints at Sony Pictures Networks India, Discovery Communications and Zee Entertainment.
Panesar, with over three decades in the industry, has worked across strategic planning, distribution and business development in media, broadcasting and manufacturing. His past associations include ESPN Star Sports, Star India, Apollo Tyres and JK Industries.
The transition lands as the cable sector grapples with structural disruption. Traditional operators are losing ground to streaming platforms, while telecom and broadband players tighten the squeeze with bundled offerings.
An EY report estimates India’s pay-TV base could shrink by a further 30 to 40 million households by 2030, taking the total down to 71 to 81 million. The slide follows a loss of nearly 40 million homes between 2018 and 2024, a contraction that has already wiped out more than 37,000 jobs in the local cable operator ecosystem.
Hathway’s numbers reflect the strain. The company reported a consolidated net profit of Rs 93 crore for FY25, down from Rs 99 crore a year earlier. Revenue inched up to Rs 2,040 crore from Rs 1,981 crore. As of December 2025, it had about 4.7 million cable TV subscribers and roughly 1.02 million broadband users.
Kapoor steps in with a familiar brief but a shrinking playbook. In a market where viewers are cutting cords faster than companies can reinvent them, the new chief executive inherits a business fighting to stay plugged in.
