e-Eighteen Dot Com Private Ltd (E18), a subsidiary of television software maker Television Eighteen (TV18), has acquired a personal finance portal company, Money Control Dot Com India Private Ltd, in a stock and cash deal, the company said in a statement today. The portal is called www.moneycontrol.com.
E18 will pay the shareholders of Money Control Dot Com 7.5 per cent of its equity capital. It will also pay Rs 11.5 million towards the cost of acquisition, the statement said.

There was a reshuffling of top bosses at the Star TV head office in Hong Kong. James Murdoch, youngest son of News Corp chief Rupert Murdoch, took over the reins of Star TV as chairman and CEO. Also Bruce Churchill was promoted as the president and chief operating officer of Star TV.

James Murdoch, who is 27, has been interim Co-Chairman of Star since February. He is also Executive Vice President of News Corporation, responsible for the company?s interests in global Internet and digital media ventures, and is a member of News Corporation?s Executive Committee.

Bruce Churchill was appointed president and chief operating officer of Star TV in May 2000. He had been the deputy chief executive officer of Star since April 1996. Mr Churchill will be responsible for operations across the entire company and will play a key role in determining and implementing Star TV?s development strategy.

Star TV announced the appointment of Mr Lalit Ahuja as CEO of it‘s new convergence and infotech business operations in India. He will report to Mr. Peter Mukerjea, CEO, News Television India.
This move is seen as a major development in Star‘s efforts to enter the convergence and infotech arena. According to James Murdoch, "Lalit‘s appointment underscores the critical importance we attach to the new media world, where talent and expertise will determine market leadership."

Lalit Ahuja was the President and Managing Director of LG Soft India (the global IT arm of LG Group).

Hotel Regent in Mumbai will see the hosting of a seminar on the fast changing media scenario in the country. The seminar dubbed Mediamorphosis will be organised by The Brief: magazine and web portal indya.com on 2 & 3 June.
Minister for Information & Broadcasting, Arun Jaitley will address the delegates at the seminar. The Seminar includes a list of prominent speakers from the media industry. Few of them are Peter Mukherjea, CEO- Star TV, Sunil Lulla, CEO- indya.com, Piyush Pandey, National Creative Director- O&M, Shekhar Gupta, CEO-Indian Express, Rajesh Pant, COO- SET, Suresh Bala, General Manager- Channel [V] and many others.