Mumbai 28th June 2018: Network18, which is India’s most diversified media and entertainment conglomerate and Infibeam, one of the fastest growing digital platform. It has partnered for launching one of the largest online financial platform moneycontrol.ooo in Hindi. Upon launch,Moneycontrol.ooo Hindi will be available on multiple digital platforms including web and mobile. Developed in advance and scalable technology, Moneycontrol.ooo Hindi is capable of generating a strong repository of news content (text and videos), analysis, data and tools on investing (across diverse asset classes), personal finance, the business sector and the economy along with the integration of existing multiple media assets of Network18.
Network18 and Infibeam will jointly promote Moneycontrol Hindi to channelize traffic. Further, Infibeam Web Services will enable Network18 to explore various synergistic business strategies specifically in the digital space focusing on collaborative innovation and market expansion.
Mr. Manish Maheshwari, CEO, Network18 Digital, said "Taking product innovation and collaboration with partners to the next level, we are excited to join hands with Infibeam for the launch of moneycontrol.ooo Hindi, an online financial platform. Keeping in mind the huge leap that digital content consumption is taking in Indian languages, we believe that Moneycontrol in Hindi is a product whose time has come and it will take the financial news to every corner of the country.”
Commenting on the development Mr. Vishal Mehta, Managing Director Infibeam said “the implementation of moneycontrol online financial platform in Hindi with Infibeam Web Services is a game changer in digital content space and we are excited to explore many more synergies with our media partner Network18. Moneycontrol Hindi will enable Network18 to expand its audience reach while offering a seamless experience to search and consume financial information in a regional format.”
Network18 Group’s assets have a strong digital presence across the relevant audiences. The group houses leading brands such as CNBC-TV18, News18, Moneycontrol and Firstpost among others. Moneycontrol.com is India’s most preferred and largest online financial portal and gets over 17 million unique visitors every month.
About Infibeam
Infibeam is a leading e-Commerce Solutions provider offering end-to-end e-Commerce services on the internet to small and large scale merchants, enterprises, and government. The Company caters to customers across business verticals, and our customers in India include most of the marquee names. Infibeam powers merchants’ e-commerce through its Infibeam Web Services including SaaS-based ERP platform for building online stores; digital payment services; logistics solution and also offers many value-added services on the platform like data analytics, social media marketing, advertisement portals, domain services, among others on a customized (web-based) platform for transitioning and transforming the business effortlessly using technology for enabling business online. Infibeam also owns and operates a multi-category and multi-channel (website, mobile
app) online website under infibeam.com. It allows listing products from merchants and conducting purchase and sale online.
app) online website under infibeam.com. It allows listing products from merchants and conducting purchase and sale online.
About Network18 Group- Network18 Group is a media and entertainment group with interests in broadcasting, digital, movies, e-commerce, magazines, mobile content and allied businesses. TV18 Broadcast Limited [BSE: 532800, NSE: TV18BRDCST] is the broadcasting arm of Network18. TV18 operates India’s largest bouquet of News channels across 15 languages and 26 states;
with marquee properties like CNBC-TV18 in Business News and CNN News18 in English News. Through its JV Viacom18, it also operates a portfolio of entertainment channels across genres, including leading premium local and global brands like Colors, Nickelodeon and MTV. Viacom18 also operates OTT platform VOOT and produces and distributes films through Viacom18 Motion Pictures. Through Panorama, a subsidiary of TV18, the network operates a bouquet of 13 regional news channels under the News18 brand name. TV18 also operates a joint venture with the Lokmat Group which houses the Marathi news channel News18 Lokmat. To cover the global audience & sizable NRI population, TV18 operates News18, a twenty-four-hour television news channel designed to give global audiences a window into the world’s largest democracy. TV18’s Infotainment JV AETN18 that operates channels such as History and FYI and distribution/syndication JV Indiacast complete the bouquet of offerings, making TV18 a full-portfolio broadcast player. Through 'Network18 Media & Investments Ltd.' [BSE: 532798, NSE: Network18], the group operates its digital publishing and e-commerce assets including moneycontrol.com, news18.com, cnbctv18.com, and Firstpost.com. Network18 also has significant interests in e-commerce properties like HomeShop18 and bookmyshow.com and publishes Forbes India, the nation’s first local edition of a foreign news magazine in collaboration with Forbes Media. In addition, the group operates Network18 Publishing, a player in the special interest publishing space, which publishes magazines such as Overdrive, Better Photography and Better Interiors. ‘Network18’ also has strategic investments in Yatra, Colosceum, Topper, 24x7 learning and Ubona. For more information, log on to www.network18online.com
