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The offices of ''The Quint'' and Raghav Bahl's residence were raided by the ] of India in October 2018 in connection to an alleged case of tax evasion, the raid was termed as a survey by the Income Tax officers.<ref name=":322">{{Cite web|title=Tax raids on Quint founder Raghav Bahl's Noida home, office|url=https://www.hindustantimes.com/india-news/media-baron-raghav-bahl-s-premises-raided-by-i-t-dept-over-alleged-tax-evasion/story-dZe2igWwqdTss8AIFOEtUO.html|date=2018-10-11|website=Hindustan Times|language=en|access-date=2019-05-14}}</ref><ref>{{Cite web|title=IT Raids: Attack on press or a case of money laundering?|url=https://www.newslaundry.com/2018/10/12/it-raids-attack-on-press-money-laundering-quint-raghav-bahl|last=Newslaundry|date=|website=Newslaundry|language=en-UK|url-status=live|archive-url=|archive-date=|access-date=2019-11-15}}</ref><ref>{{Cite news|date=2018-10-11|title=IT dept searches premises of Quint founder Raghav Bahl|work=The Economic Times|url=https://economictimes.indiatimes.com/news/politics-and-nation/it-dept-searches-premises-of-media-baron-raghav-bahl/articleshow/66159397.cms|access-date=2019-05-14}}</ref> Raghav Bahl released a statement which termed the raid as an attack on journalistic freedom while appealing to the autonomous ] to back ''The Quint'' such that a precedent is set against repetition of a similar exercise on any journalistic entente.<ref>{{Cite web|title=Raghav Bahl under I-T scanner: Income Tax department raids premises of Quint, Network18 Group founder|url=https://www.financialexpress.com/india-news/raghav-bahl-income-tax-raid-i-t-scanner-premises-quint-network18-group-founder-delhi-noida/1345056/|last=|first=|date=2018-10-11|website=]|language=en-US|url-status=live}}</ref><ref>{{Cite web|title='Tax department searches were an attempt at a frame-up,' says The Quint's founder Raghav Bahl|url=https://scroll.in/latest/898041/tax-department-searches-were-an-attempt-at-a-frame-up-says-the-quints-founder-raghav-bahl|last=Staff|first=Scroll|website=Scroll.in|language=en-US|access-date=2019-05-14}}</ref><ref>{{Cite web|title='Tax department searches were an attempt at a frame-up,' says The Quint's founder Raghav Bahl|url=https://scroll.in/latest/898041/tax-department-searches-were-an-attempt-at-a-frame-up-says-the-quints-founder-raghav-bahl|last=Staff|first=Scroll|website=Scroll.in|language=en-US|access-date=2019-05-14}}</ref> The Editors Guild of India raised concerns that while the department was within its rights to carry out inquiries, the conduct of such exercises shouldn't be akin to ] tactics.<ref>{{Cite web|title=In India, tax officials raid offices, home of Quint editor-in-chief and Modi critic|url=https://cpj.org/2018/10/in-india-tax-officials-raid-offices-home-of-quint-.php|last=|first=|date=24 October 2018|website=]|language=en|url-status=live}}</ref><ref>{{Cite news|last=|first=|others=]|date=2018-10-11|title=I-T raids on Raghav Bahl’s premises: motivated searches will undermine media freedom, says Editors Guild|language=en-IN|work=]|url=https://www.thehindu.com/news/national/i-t-raids-on-raghav-bahls-premises-motivated-searches-will-undermine-media-freedom-says-editors-guild/article25192181.ece|url-status=live|access-date=|issn=0971-751X}}</ref> The offices of ''The Quint'' and Raghav Bahl's residence were raided by the ] of India in October 2018 in connection to an alleged case of tax evasion, the raid was termed as a survey by the Income Tax officers.<ref name=":322">{{Cite web|title=Tax raids on Quint founder Raghav Bahl's Noida home, office|url=https://www.hindustantimes.com/india-news/media-baron-raghav-bahl-s-premises-raided-by-i-t-dept-over-alleged-tax-evasion/story-dZe2igWwqdTss8AIFOEtUO.html|date=2018-10-11|website=Hindustan Times|language=en|access-date=2019-05-14}}</ref><ref>{{Cite web|title=IT Raids: Attack on press or a case of money laundering?|url=https://www.newslaundry.com/2018/10/12/it-raids-attack-on-press-money-laundering-quint-raghav-bahl|last=Newslaundry|date=|website=Newslaundry|language=en-UK|url-status=live|archive-url=|archive-date=|access-date=2019-11-15}}</ref><ref>{{Cite news|date=2018-10-11|title=IT dept searches premises of Quint founder Raghav Bahl|work=The Economic Times|url=https://economictimes.indiatimes.com/news/politics-and-nation/it-dept-searches-premises-of-media-baron-raghav-bahl/articleshow/66159397.cms|access-date=2019-05-14}}</ref> Raghav Bahl released a statement which termed the raid as an attack on journalistic freedom while appealing to the autonomous ] to back ''The Quint'' such that a precedent is set against repetition of a similar exercise on any journalistic entente.<ref>{{Cite web|title=Raghav Bahl under I-T scanner: Income Tax department raids premises of Quint, Network18 Group founder|url=https://www.financialexpress.com/india-news/raghav-bahl-income-tax-raid-i-t-scanner-premises-quint-network18-group-founder-delhi-noida/1345056/|last=|first=|date=2018-10-11|website=]|language=en-US|url-status=live}}</ref><ref>{{Cite web|title='Tax department searches were an attempt at a frame-up,' says The Quint's founder Raghav Bahl|url=https://scroll.in/latest/898041/tax-department-searches-were-an-attempt-at-a-frame-up-says-the-quints-founder-raghav-bahl|last=Staff|first=Scroll|website=Scroll.in|language=en-US|access-date=2019-05-14}}</ref><ref>{{Cite web|title='Tax department searches were an attempt at a frame-up,' says The Quint's founder Raghav Bahl|url=https://scroll.in/latest/898041/tax-department-searches-were-an-attempt-at-a-frame-up-says-the-quints-founder-raghav-bahl|last=Staff|first=Scroll|website=Scroll.in|language=en-US|access-date=2019-05-14}}</ref> The Editors Guild of India raised concerns that while the department was within its rights to carry out inquiries, the conduct of such exercises shouldn't be akin to ] tactics.<ref>{{Cite web|title=In India, tax officials raid offices, home of Quint editor-in-chief and Modi critic|url=https://cpj.org/2018/10/in-india-tax-officials-raid-offices-home-of-quint-.php|last=|first=|date=24 October 2018|website=]|language=en|url-status=live}}</ref><ref>{{Cite news|last=|first=|others=]|date=2018-10-11|title=I-T raids on Raghav Bahl’s premises: motivated searches will undermine media freedom, says Editors Guild|language=en-IN|work=]|url=https://www.thehindu.com/news/national/i-t-raids-on-raghav-bahls-premises-motivated-searches-will-undermine-media-freedom-says-editors-guild/article25192181.ece|url-status=live|access-date=|issn=0971-751X}}</ref>


In May 2020, ''The Quint'' was acquired by Gaurav Mercantiles through which it was listed on the ]. The acquisition involved all assets of Quintillion Media excluding ].<ref name=":3">{{cite news |last1=Mampatta |first1=Sachin P. |title=Quint gets listed via little-known trading firm promoted by Raghav Bahl |url=https://www.business-standard.com/article/markets/quint-gets-listed-via-little-known-trading-firm-controlled-by-raghav-bahl-120050800058_1.html |accessdate=4 June 2020 |work=Business Standard India |date=8 May 2020}}</ref> Gaurav Mercantiles which was earlier into ] and trading and had not made any revenue since March 2018 had entered into a ] in which Bahl and Kapur had collectively acquired 66.42 of the company's stakes while ] and the investment bank Elara Capital had acquired 17-18% and 10% stake respectively.<ref>{{cite news |title=Raghav Bahl promoted Gaurav Mercantile acquires The Quint |url=https://www.outlookindia.com/newsscroll/raghav-bahl-promoted-gaurav-mercantile-acquires-the-quint/1826299 |accessdate=4 June 2020 |work=Outlook |agency=IANS |date=7 May 2020}}</ref><ref name=":4">{{Cite web|last=Joseph|first=Anto T.|date=7 May 2020|title=What is Raghav Bahl's game plan with the Quint's unusual sale and purchase?|url=https://www.newslaundry.com/2020/05/07/what-is-raghav-bahls-game-plan-with-the-quints-unusual-sale-and-purchase|url-status=live|archive-url=|archive-date=|website=Newslaundry|language=en}}</ref> Mohan Lal Jain, the former promoter of Gaurav Mecantiles retained 4.99% of the stake in the company.<ref name=":3" /> The transaction was made on a related party basis due to the Bahl and Kapur's stake in both the companies and increased the ] of the company in accordance with the ].<ref>{{Cite web|last=|first=|date=2020-05-07|title=Raghav Bahl transfers Quint’s operations under Gaurav Mercantile; also owned by him|url=https://www.financialexpress.com/brandwagon/raghav-bahl-transfers-quints-operations-under-gaurav-mercantile-also-owned-by-him/1950862/|url-status=live|archive-url=|archive-date=|website=]|language=en-US}}</ref> It was further reported that Gaurav Mercantiles would be renamed to Quint Digital Media.<ref name=":4" /> In May 2020, ''The Quint'' was acquired by Gaurav Mercantiles through which it was listed on the ]. The acquisition involved all assets of Quintillion Media excluding ].<ref name=":3">{{cite news |last1=Mampatta |first1=Sachin P. |title=Quint gets listed via little-known trading firm promoted by Raghav Bahl |url=https://www.business-standard.com/article/markets/quint-gets-listed-via-little-known-trading-firm-controlled-by-raghav-bahl-120050800058_1.html |accessdate=4 June 2020 |work=Business Standard India |date=8 May 2020}}</ref> Gaurav Mercantiles was earlier into ] and trading and had not made any revenue since March 2018, had entered into a ] agreement in which Bahl and Kapur had collectively acquired 66.42 of the company's stakes while ] and the investment bank Elara Capital had acquired 17-18% and 10% stake respectively.<ref>{{cite news |title=Raghav Bahl promoted Gaurav Mercantile acquires The Quint |url=https://www.outlookindia.com/newsscroll/raghav-bahl-promoted-gaurav-mercantile-acquires-the-quint/1826299 |accessdate=4 June 2020 |work=Outlook |agency=IANS |date=7 May 2020}}</ref><ref name=":4">{{Cite web|last=Joseph|first=Anto T.|date=7 May 2020|title=What is Raghav Bahl's game plan with the Quint's unusual sale and purchase?|url=https://www.newslaundry.com/2020/05/07/what-is-raghav-bahls-game-plan-with-the-quints-unusual-sale-and-purchase|url-status=live|archive-url=|archive-date=|website=Newslaundry|language=en}}</ref> Mohan Lal Jain, the former chairman of Gaurav Mecantiles retained 4.99% of the stake in the company.<ref name=":3" /> The transaction of ''The Quint''<nowiki/>'s assets was made on a related party basis due to the Bahl and Kapur's stake in both the companies and increased the ] of the company in accordance with the ].<ref>{{Cite web|last=|first=|date=2020-05-07|title=Raghav Bahl transfers Quint’s operations under Gaurav Mercantile; also owned by him|url=https://www.financialexpress.com/brandwagon/raghav-bahl-transfers-quints-operations-under-gaurav-mercantile-also-owned-by-him/1950862/|url-status=live|archive-url=|archive-date=|website=]|language=en-US}}</ref> It was further reported that Gaurav Mercantiles would be renamed to Quint Digital Media.<ref name=":4" />


== Reception == == Reception ==

Revision as of 05:38, 29 June 2020

English and Hindi language Indian news website
The Quint
Type of siteNews
Available inEnglish & Hindi
OwnerGaurav Mercantiles Ltd
CEORitu Kapur
Employees~200 (April 2020)
URLwww.thequint.com
Launched2015

The Quint is an English and Hindi language Indian general news and opinion website founded by Raghav Bahl and Ritu Kapur after their exit from Network18. The publication has won several awards, including three Ramnath Goenka Excellence in Journalism Awards and two Red Ink Awards. It also operates WebQoof, a fact checking initiative certified by the International Fact Checking Network.

History

In May 2014, Raghav Bahl and Ritu Kapur, the promoters of Network18 ended their shareholding of the media conglomerate with the takeover by Reliance Industries. Following the controversial exit, they founded the digital media company, Quintillion Media. The company was the first major investor in the tech startup Quintype founded by Amit Rathore. Quintillion Media launched The Quint publication in January 2015 on Facebook and as a website by March 2015. Quintype took over the digital technology operations of the publication.

In April 2016, Quintillion Media partnered with Bloomberg L.P. to create the business and financial news organisation BloombergQuint. By December 2016, The Quint website had crossed the mark of 10 million unique visitors. In May 2017, The Quint launched the fact checking initiative WebQoof.

The offices of The Quint and Raghav Bahl's residence were raided by the Income Tax Department of India in October 2018 in connection to an alleged case of tax evasion, the raid was termed as a survey by the Income Tax officers. Raghav Bahl released a statement which termed the raid as an attack on journalistic freedom while appealing to the autonomous Enforcement Directorate to back The Quint such that a precedent is set against repetition of a similar exercise on any journalistic entente. The Editors Guild of India raised concerns that while the department was within its rights to carry out inquiries, the conduct of such exercises shouldn't be akin to intimidation tactics.

In May 2020, The Quint was acquired by Gaurav Mercantiles through which it was listed on the Bombay Stock Exchange. The acquisition involved all assets of Quintillion Media excluding BloombergQuint. Gaurav Mercantiles was earlier into ship breaking and trading and had not made any revenue since March 2018, had entered into a debt-for-equity swap agreement in which Bahl and Kapur had collectively acquired 66.42 of the company's stakes while Haldiram Snacks Pvt Ltd and the investment bank Elara Capital had acquired 17-18% and 10% stake respectively. Mohan Lal Jain, the former chairman of Gaurav Mecantiles retained 4.99% of the stake in the company. The transaction of The Quint's assets was made on a related party basis due to the Bahl and Kapur's stake in both the companies and increased the borrowing base of the company in accordance with the Companies Act 2013. It was further reported that Gaurav Mercantiles would be renamed to Quint Digital Media.

Reception

A story published in the Columbia Journalism Review in late 2016 identified The Quint as one of several independent and recently founded internet-based media platforms – a group that also included Newslaundry, Scroll.in, The News Minute, The Wire and ScoopWhoop – that were attempting to challenge the dominance of India's traditional print and television news companies and their online offshoots. The news portal won a host of awards at WAN–IFRA South Asian Digital Media Awards 2018. Four of their journalists won the Ramnath Goenka Excellence in Journalism Awards in three categories in 2019. Two of the publication's journalists also won the Red Ink Awards in the same year. The Quint has been certified by the Poynter Institute's International Fact-Checking Network for its reporting in WebQoof, its in-house fact-checking division.

In February 2017, The Quint published a sting video focused on how the Army's Jawans were being deployed as Sahayaks and performed a variety of menial tasks for officers; the profiled Naik committed suicide a week afterwards in fear of an impending court-martial. The Army subsequently booked the Quint reporter for abetting his suicide, and violating the Official Secrets Act of India by trespassing into a prohibited area. Media critics had since dubbed the sting-operation as "overzealous journalism" with a host of ethical issues. In 2019, Bombay High Court quashed all charges against The Quint noting the Army to be vindictive.

Kulbhushan Jadhav is an Indian national who was arrested in Pakistan on charges of terrorism and spying for the Research and Analysis Wing (RAW) – India's external intelligence agency. After the arrests, on 5th January 2018, The Quint published a story by the journalist Chandan Nandy which claimed that Jadhav was being used to collect intelligence for India and that two former chiefs of the Research and Analysis Wing had allegedly stated that they were against the recruitment of Jadhav as a spy. The Hindu's Frontline magazine also published a story with a similar claim. The stories were picked up by Pakistani media agencies as apparent confirmation of Jadhav's affiliation. It drew criticism in India; the media watchdog Newslaundry raised questions on how The Quint could have been privy to such information. The publication retracted the story on 7 January stating that the factual accuracy of the article required rechecking. The story was later quoted by Pakistan in a related International Court of Justice case.

On 27 March 2020, during the COVID-19 pandemic in India, The Quint published an article which reported that India was in stage-3 transmission (community transmission). The government's Press Information Bureau denied the occurrence of community transmission and labeled the story as "misleading". The Times of India published a "fact-check" affirming the PIB statement and clarifying that the person being quoted did not have medical qualifications but had a PhD in Quality management. The report had quoted Girdhar Gyani, the head of the NGO, Association of Healthcare Providers. However, the publication did not retract the article but updated it to include information about Girdhar Gyani having been appointed as the convener of a Covid-19 hospital task force.

Readership

The Quint website received a monthly unique readership of approximately 16 million as of March 2019. According to Google Analytics, nearly 69% of the readership was estimated to be between the ages of 18–34. In addition, the website had a subscriber base of over 175,000 readers on WhatsApp. The combined monthly exposure of unique users through all internet assets of The Quint was estimated to be 100 million. Per February 2019 data of CrowdTangle, the publication was the largest digital only news publisher on Facebook.

References

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External links

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