User: venniyoor Topic: FM Radio
Category: FM Radio
Last updated: Mar 22 2017 19:49 IST RSS 2.0
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Online radio station to go live on 7 April 22.3.2017

MUMBAI: Envisioned as an online community radio from India that will cater to the growing demand for alternative music in the country, will go live on 7 April.

The brainchild of music entrepreneur and promoter Mohammed Abood aka DJ MoCity, has been designed to showcase sounds and styles that champion underground culture, not just in India but from around the world.

Complexities in clearances cause for slow growth: Parliamentary Committee 20.3.2017
NEW DELHI: The clearance process needs to be simplified to attract more proposals for setting up of community radio stations and the Information and Broadcasting Ministry should focus on hilly and tribal areas, Left Wing Extremist (LWE) Affected Areas, the north east and union territories and other backward, rural and remote areas. The Parliamentary Standing Committee on Information Technology which also examines issues relating to Information and Broadcasting Ministry has also asked the Ministry to conduct regular training programmes for local folk so that CRS “actualizes its aim of becoming people’s radio in true sense of the term. The Committee, which said it wanted to be informed of the action taken thereon to strengthen the Community Radio Movement in India, also said it was concerned to find that only Rs 8.9 million was spent of the allocation of Rs 40 million made at the budget estimate stage for 2016-17 which had been reduced to Rs 36.3 million at the revised estimates stage. Explaining the ...
Two IPOs headed for markets this week, eye Rs 584 crore 19.3.2017 ET: IPOs
So far this year, Music Broadcast and leading stock exchange BSE have got listed. Many companies, including the BSE-promoted CDSL, are readying their IPOs too.
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Two IPOs headed for markets this week, eye Rs 584 cr 19.3.2017 Top Stories
2016 saw hectic fund-raising activity in IPO space as a total of 26 firms mobilised over Rs 26k cr
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Music Broadcast shares gain 12% on debut 18.3.2017 Business Standard: News Now
At Friday's closing price, Music Broadcast had a market capitalisation of Rs2,129 crore
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AIR has acquired 37 DRM transmitters, in talks to get cheaper radio sets: Rathore 17.3.2017
NEW DELHI: All India Radio (AIR) has introduced digital radio technology in the AIR Network by installing new state of the art Digital Radio Mondiale (DRM) Technology transmitters by replacing old outlived 37 Medium Wave/ Short Wave transmitters. Minister of State for Information and Broadcasting Rajyavardhan Rathore told Parliament however that the provisions contained in Policy Guidelines on expansion of FM Radio broadcasting services through private agencies (Phase-III) do not provide for private FM broadcasters to adopt digital radio technology. He said Digital Radio allows significant improvements in service reliability, audio quality, more radio services and higher efficiency. The new AIR transmitters include 35 new state of art technology Medium Wave (MW)/ DRM transmitters as a replacement of old technology valve based MW transmitters. Additionally, two new state of the art technology Short Wave (SW) DRM transmitters have been approved for installation as a replacement of old SW transmitters. The ...
Music Broadcast lists at Rs 420, 26% premium to IPO price 17.3.2017 Business Standard: Front Page Headlines
On the National Stock Exchange, the stock opened at Rs 413, 24% higher against its issue price.
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AIR earns around Rs 1.86 billion through commercials on FM 16.3.2017
NEW DELHI: All India Radio earned gross revenue of about Rs 1.86 billion during the current Financial Year upto January 2017 through FM by commercials Minister of State for Information and Broadcasting Rajyavardhan Rathore said that in addition to this, AIR also earns revenue through monetizing its FM infrastructure with private FM broadcasters and has earned revenue of about Rs 420 million during the current financial year up to 6 March 2017. As far as All India Radio is concerned, 391 FM broadcasting stations are functioning in the country including 195 of 100 W FM Relay transmitters. He said in reply to another question that the estimated cost for setting up of a typical 10 KW FM Radio Station for AIR along with 100 meter tower is about Rs.100 million. At present, 290 Private FM radio channels are operational, the Minister told Parliament today. These include 47 in Maharashtra, 28 in Uttar Pradesh, and 22 each in Tamil Nadu and Rajasthan. All other states or union territories have less than twenty ...
Radio City FM operator's shares to list on bourses Friday 16.3.2017 DNA: Opinion
Shares of Music Broadcast Ltd, a Jagran Group firm that runs Radio City FM channel, will list on the stock exchanges on Friday. The IPO, the first in 11 years by a radio channel, received a robust response and was subscribed more than 39 times last week. Earlier in 2006, Entertainment Network's initial public offer (IPO) was subscribed 40.61 times. DB Corp's was the most recent media sector IPO in 2009. Music Broadcast's IPO comprised a fresh issue of shares of up to Rs 400 crore and an offer for sale of up to 26.59 lakh scrips by the existing shareholders. Price band for the offer was fixed at Rs 324-333 and the IPO was open for subscription on March 6-8. The public issue was managed by ICICI Securities. Music Broadcast has a pan-India presence with radio stations in 37 cities. For the six-month period ended September 30, 2016, Music Broadcast generated total revenue of Rs 138.21 crore and net profit of Rs 29.76 ...
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FM Radio to get AIR news on mutually agreed terms; CRS to get these free 16.3.2017
NEW DELHI: While stressing that both private FM radios under Phase III and community radios have only been permitted to broadcast news bulletins of All India Radio, the latter have been permitted certain programmes which will not be termed as news. Minister of State for Information and Broadcasting Rajyavardhan Rathore told Parliament that under the FM Radio Phase–III policy guidelines, Private FM radio permission holders are permitted to carry the news bulletins of All India Radio in exactly same format, on such terms and conditions as may be mutually agreed with Prasar Bharati. No other news and current affairs programmes are permitted under the FM Radio Phase III policy, he said. (In a public interest litigation filed by Common Cause vs Union of India, the Supreme Court has asked the Government to consider permitting Community Radio Stations and Private FM stations to broadcast news and current affairs programmes. The matter is sub-judice.) As far as community radio stations are concerned, he said ...
Lamakaan to go digital from this June 12.3.2017 Hindu: Home
To generate content that’s accessible to common man
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Success and the city 11.3.2017 The Hindu - Tamil Nadu
An intelligent thriller that hits all the right notes
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Mirchi Gang of Girls hit Chandigarh roads on International Women's Day 10.3.2017
MUMBAI: From the time Radio Mirchi has arrived in Chandigarh, it has infused a different level of energy in the city. This women’s day the roads of Chandigarh witnessed a unique lively experience. A huge bunch of geared up girls – Mirchi Gang of Girls -  hit Chandigarh road on their bikes, cars, Thars and made every head turn around. The rally started from Sukhna lake covering Mataka Chowk, Kisan Bhawan Picaddily Chowk, Gurudwara Chowk and back to starting point. The girls covered a total of around 15 kms on their bikes which were equally dressed up. The rally was conducted in the gracious presence of Asha KumariJaswal (Mayor Chandigarh), Mrs. Sunita Sharma (Mrs. CGM – SBI), Gurjit Kaur (SHO women Police), Ajinta Chepyala (DSP – Women Police) and Kaur B(Singer) who were excited to be a part of the initiative.The caravan was led by RJ Charu who steered the gang through the Chandigarh roads. On the initiative, Radio Mirchi Cluster Head – Punjab & HP Bhanu Pratap Singh Chauhan said, “We were excited to be a ...
Investors lap up IPOs of Radio City operator, Avenue Supermarts 9.3.2017 ET: IPOs
The issue of Music Broadcast, operator of Radio City FM channel, received bids for 41.23-crore shares, worth over Rs 13,600 crore, against an issue size of 1.04-crore shares, stock exchange data shows.
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Music Broadcast IPO oversubscribed 39.45 times on last day 8.3.2017 ET: IPOs
The IPO received bids for 41,34,94,155 shares against the total issue size of 1,04,80,784 shares, data available with the NSE till 1900 hrs showed.
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Music Broadcast IPO subscribed 39 times 8.3.2017 Latest News
The issue saw nearly 850,000 applications and generated demand worth Rs 13,600 cr
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Music Broadcast IPO over-subscribed 39 times on last day 8.3.2017 ET: IPOs
Retail portion was subscribed 9.39 times. The quota for institutional buyers was subscribed 40.1 times. The non-institutional portion was subscribed 112 times.
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Music Broadcast IPO subscribed 9x; issue concludes today 8.3.2017 ET: IPOs
The quota for QIBs was subscribed about 12 times, non-institutional Investors (NIIs) by 13 times and retail individual investors (RIIs) by 7 times.
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Music Broadcast's IPO subscribed 2.2 times 7.3.2017 Business Standard: News Now
The 10.5-million offering has so far garnered bids for nearly 23 million shares
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Government committed to empowering local communities through Community Radio: Rathore 7.3.2017
NEW DELHI: Minister of State for Information and Broadcasting Rajyavardhan Rathore today said the Government stood committed in its objective to provide the last mile connectivity through various communication platforms including Community Radio which has been provided a big push through various initiatives. He said the Ministry has increased the subsidy for setting up CRS from 50 per cent to 90 per cent in the North Eastern States and 75 per cent in other states subject to a maximum limit of Rs 7,50,000. In order to make it more participatory, varied set of participants including Universities and NGOs have been permitted to set up CR stations in the country. Speaking with a UNESCO delegation led by its Assistant Director General for Communication & Information today in New Delhi Frank La Rue, the Minister said Community Radio will address the information needs at the grassroot level, providing updates on different local and relevant issues in their own language and dialect. Regarding the issues related ...
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