January 9, 2019 / 4:11 AM / 6 months ago

BUZZ-Indian print media cos jump after govt hikes ad rates

** Shares of Indian print media companies surge with Nifty Media index rising as much as one pct

** The Ministry of Information and Broadcasting raises the advertisement rates for print media by 25 pct, it said here in a statement on Tuesday

** New rates are effective from Tuesday and valid for three years

** Shares of HT Media Ltd jump as much as 17.5 pct to 45.95 rupees in its biggest daily pct gain since Oct. 10

** Jagran Prakashan Ltd’s stock rises as much as 8.3 pct to 124.9 rupees, its biggest intraday pct gain since Aug. 1

** DB Corp Ltd’s counter gains as much as 8 pct to 183 rupees, its biggest daily pct gain in over three weeks

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