Top Story

e4m_logo.png

Home >> International >> Article

FIPB restricts Tehelka.com from entering print media

04-September-2001
Font Size   16
Share
FIPB restricts Tehelka.com from entering print media

The Foreign Investment Promotion Board has instructed the holding company of the news portal Tehelka.Com, Buffalo Networks, not to enter the print and publishing business. The observation comes as part of a background note prepared for an FIPB meeting, which was considering Buffalo Networks’ request to allot 6 per cent of its equity to an NRI investor from Singapore.

The Buffalo Networks proposal was considered at an FIPB meeting held on August 20. The background note also indicates that the website Tehelka.Com was originally owned by a Mumbai-based company called UD and MD Agencies.

According to the documents before the FIPB, Buffalo Networks had received permission for equity participation by NRIs in September 2000. However, the company sent a revised application because of an error in the original application form.

The revised application states that Buffalo Networks had taken over a Mumbai-based company called UD & MD Agencies. As a result of this takeover, Buffalo Networks, the application to the FIPB stated, had acquired a news and views portal called Tehelka.Com.

The application also stated that Buffalo intended to undertake a number of activities including print media. The FIPB’s comments on print media is in this connect since FDI is not permitted in print media.

According to the company officials, the company never expressed an intention for getting into print business.

Tags

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016

Of the 116 upheld ads, the majority belonged to healthcare and education