New Delhi Television Limited (NDTV), India's first and largest private producer of news, current affairs and entertainment television. A media and broadcasting company was incorporated in 8th September of the year 1988 as New Delhi Television Private Limited. NDTV is home to the country's best and brightest reporters, anchors and producers, 23 offices and studios across the country host India's most modern and sophisticated production and newsgathering facilities. In the year 1989, the company had produced 'The World This Week'. Times of India rated it among India's top five programmes. Produced live coverage of annual Union Budget during the year 1990. The Company's status was converted from private limited into a public limited company and its name was changed as New Delhi Television Limited, also the company obtained the fresh certificate of incorporation in 31st August of the year 1994. NDTV had entered into a contract with STAR/NTVI for producing news content for its 24 hours news channel in the year 1997, during the same year, entered into a contract with BBC India to produce a substantial portion of its content sourced from India. Awarded the Asian Television Award for Best News Programme in Asia for Star News and also awarded the BDA International Award for Star News. In the year 1998, the company started production of content for the Star News channel, launched NDTV Online with MSNBC, and was also in the same year NDTV adjudged the co-runner up for Best Current Affairs Programme in Asia. The Company had commenced its production of non-news programmes in the year 2000 such as Yes Minister for BBC Hindi. NDTV had entered into a contract with Vijay TV for production of Tamil news programmes in the year 2001 and Won 6 Hero Honda ITA Awards in the same year. NDTV had launched its news channels, 'NDTV 24X7' and 'NDTV India' in 14th April of the year 2003. The Company obtained up linking permission from the Ministry of Information & Broadcasting and also became an independent news broadcaster in the year 2004. NDTV made tie up with WorldSpace to air news in the identical year 2004. The Company had launched its business channel NDTV PROFIT in 17th January of the year 2005. In the year 2006, NDTV entered into strategic alliance with Karan Johar & Dharma Productions. The Company made alliances with Genpact in March of the year 2006 to deliver value and business impact to global media and entertainment customers. In May of the year 2007, NDTV Networks, a subsidiary of the company, completed its pre-IPO fund raising program of USD 100 million of convertible bonds. NDTV launched its first city specific channel in September of the year 2007 under the name of NDTV MetroNation, India's first English city channel. NDTV and NBC Universal had executed a memorandum of agreement (MoA) in January of the year 2008 to form a long-term strategic partnership in India and in May of the same year 2008, they had successfully concluded their strategic partnership initiative for the NDTV Networks business. As of July 2008, BOD of the NDTV approved the setting up of a new company for building infrastructure in the form of studio, production facilities etc.