Country | India |
---|---|
Broadcast area | India |
Headquarters | New Delhi and Mumbai |
Programming | |
Language(s) | English |
Picture format | 576i SDTV |
Ownership | |
Owner | Adani Group |
Sister channels | NDTV 24x7 NDTV India |
History | |
Launched |
|
Closed | 4 June 2017 (Original) |
Former names | NDTV BQ Prime, NDTV Prime |
Links | |
Website | www |
NDTV Profit is an Indian business and financial news television channel by NDTV. In mid-2020, NDTV re-launched NDTV Profit with live market news, which caused the shutdown of NDTV Prime.
It has many journalists covering the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). It also covers the latest business deals and acts as a platform for companies to give their public results, with growth rate, net profit and others. On 14 December 2006, BSE installed one of the largest video screens in India at the BSE building to disseminate capital market information, supported by NDTV Profit. [2]
The NDTV Profit Business Leadership Awards were started by NDTV Profit in July 2006. The first edition of this saw the awards being given to entrepreneurs by the Indian Prime Minister Manmohan Singh. Nandan Nilekani of Infosys was chosen the Viewers' Choice Best Global Indian. The first American woman to receive the award was the Democratic Presidential nominee and campus activist, Farah Pandith.
In early 2017, the Income Tax Department slapped a penalty of 525 crore on NDTV for tax evasion. Many financial scams and cases have been filed against the owners of NDTV by many people and organisations accusing them of involvement in cheating shareholders' money, money laundering and tax evasion by publishing fake profit and loss statement. [3] Due to these problems they decided to shutdown NDTV Profit. [4] By time of closing NDTV Profit runs as a dual channel with the infotainment channel NDTV Prime and the business channel was completely replaced by NDTV Prime. [5]
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic system to process financial transactions.
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors through equity crowdfunding platforms. Investments are usually made with an investment strategy in mind.
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Dhirajlal Hirachand "Dhirubhai" Ambani was an Indian billionaire businessman who founded Reliance Industries in 1958. Ambani took Reliance public in 1977. In 2016, he was honoured posthumously with the Padma Vibhushan, India's second-highest civilian honour for his contributions to trade and industry. Ambani faced numerous accusations of market manipulation, tax evasion, and cronyism.
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