New Delhi, December 14, 2009: The SATYAM REVIVAL TEAM is the unanimous choice for the CNN-IBN Indian of the Year 09 in the Business Category. The team is declared the winner in this category for their deft handling of a crisis triggered by the monumental Satyam scam, which did much to prevent loss of faith in Indian businesses. The Satyam Revival Team surely stands out for their commendable achievement.

The other illustrious nominees in the category include Shri YV Reddy for his level-headed approach to monetary governance which saved India in the worst possible economic climate. Shri Pawan Munjal for achieving the impossible target of selling four million bikes by March 09, despite a slowdown. Shri RH Patil, for setting up the most transparent, efficient and effective stock exchanges anywhere in the world. Shri CK Prahlad, for enlightening the world with his “bottom of the pyramid” theory which has played out remarkably across Asia and Team Cairn, for their remarkable achievement of ensuring India’s biggest oil discovery since Bombay High in the 1970’s.

The award will be given to Satyam Revival Team in a glittering award ceremony that will take place on 21st December at Hotel Taj Palace, New Delhi. Hon’ble PM Dr. Manmohan Singh will be the Chief Guest at the occasion and the award ceremony will be attended by renowned personalities.

The category winner is selected for the award after a rigorous and transparent 4-tier selection process which included inputs from the IBN18 editorial team, the Jury, the Electoral College and the citizens of the country.

Speaking on the occasion Mr. Rajdeep Sardesai, Editor-in-Chief, IBN18 Network said "I would like to convey my heartiest congratulations to Satyam Revival Team for being chosen CNN-IBN Indian of the Year 09 in Business Category. The team has displayed passion and commitment for the company and setting out to achieve a task that many considered to be impossible makes them the contender for the Indian of the Year 09’

About Network 18
Network18 [BSE: 532798,NSE: Network18] is one of India's leading full play media conglomerates with interests in television, print, internet, filmed entertainment, mobile content and allied businesses. Through its holding in Television Eighteen India Ltd (TV18) [BSE: 532299, NSE: TV-18], Network18 operates India’s leading business news television channels, CNBC-TV18 and CNBC Awaaz. It also runs one of India’s largest Internet players - Web18, as well as one of India’s leading real time financial information and news terminals - Newswire18. TV18 has recently expanded into print with Infomedia18, a newly formed entity following the acquisition of Infomedia, India's leading player in the special interest publishing and printing operations space.TV18 has also announced a collaboration with Forbes media for the launch of a business magazine in India. Through its holding in ibn18 Broadcast Ltd (ibn18) [BSE: 532800,NSE: ibn18], Network18 operates in the general news and entertainment space with leading general news channels CNN-IBN and IBN7 and has launched IBN Lokmat, a Marathi news channel in partnership with the Lokmat group. ibn18 also operates a joint venture with Viacom, called Viacom18 which houses the MTV, VH1 and Nickelodeon channels in India - as also Studio18, the Group’s filmed entertainment operation and has launched ‘Colors’, a Hindi general entertainment channel. Additionally, Network18 holds the Group’s online & on-air home shopping venture, Homeshop18 and its full spectrum events management venture, E18.

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