Share Price

The NCLAT directive requires Axis Bank and other lenders to safeguard 143 crore during ongoing insolvency proceedings, protecting Siti Networks' interests while appeals are heard.

• NDTV Profit
• 1 year 7 months ago

Multi-Service Operators (MSOs) in the cable television industry have begun implementing tariff hikes ranging between 5-10 per cent from October 1, following a rise in broadcaster tariffs that started in August, according to industry officials. Leading operator Siti Cable has already rolled out the hike, effective from October 1, while other MSOs are either in the process of implementing the increase in a month and actively deliberating over how best to minimise the impact on subscribers. The goal is to absorb a significant portion of the broadcaster-led increase while passing on only a fraction to consumers. "We have not yet raised our tariffs, but it has become inevitable. We've been absorbing increased costs for the past two months, but we can no longer sustain it. On average, we will raise tariffs by 5-6 per cent, though other broadcasters have hiked rates by more than 10 per cent, and in some cases, by as much as 20 per cent," Meghbela Broadband Co-founder Tapabrata Mukherjee to

• Business Standard
• 1 year 8 months ago

Corporate Insolvency Resolution Process was initiated against Siti Networks in February last year by the National Company Law Tribunal.

• NDTV Profit
• 1 year 11 months ago