Network 18’s Moneycontrol Surpasses 10 Crore Monthly Visitors in October, Solidifying Its Position as India’s Leading Business and Financial News Platform
Mumbai, Maharashtra – November 6, 2024: In a landmark achievement, Moneycontrol, the flagship digital financial platform under Network 18, has recorded over 10 crore (100 million) unique visitors in October 2024, according to Google data. This milestone underlines Moneycontrol’s dominance and growing influence in India’s business and financial news ecosystem.
A Trusted Destination for Financial News and Market Insights
Moneycontrol’s rise as the most relied-upon financial platform stems from its comprehensive offering that seamlessly integrates live stock market data, in-depth financial tools, exclusive research reports, and timely business news. This blend of critical information, bolstered by transactional capabilities, has made it the go-to resource for investors and market enthusiasts nationwide.
According to the global digital measurement agency Comscore, Moneycontrol’s audience was 31% larger than that of The Economic Times in September 2024, emphasizing its widening lead over competitors. Additionally, its page views in September outpaced The Economic Times by nearly 40%, with users spending a sector-leading 407.48 million minutes engaging with the platform’s content—a testament to the platform’s ability to not only attract but also retain user attention.
Subscription Success with Moneycontrol Pro
Moneycontrol’s premium subscription service, Moneycontrol Pro, has recently crossed the one million subscriber mark. This accomplishment places Moneycontrol Pro among the top 15 digital news subscription platforms globally and establishes it as India’s largest in this category. Its subscriber base now stands on par with renowned international publications such as the Financial Times and China’s Caixin.
Launched five years ago, Moneycontrol Pro has continually enhanced its offering by adding cutting-edge features designed to empower sophisticated investors with actionable insights and market intelligence. This dedicated service has been key in solidifying Moneycontrol’s reputation as an indispensable tool for serious investors.
Robust Mobile Engagement
The Moneycontrol app also exemplifies the platform’s expanding footprint, with over 7 million (70 lakh) active monthly users. The app’s rapid growth reflects consumers’ preference for mobile-optimized, real-time access to market data and investment tools, further strengthening the platform’s reach and engagement across India.
Building a Comprehensive Financial Ecosystem
Continuing its diversification into fintech, Moneycontrol has broadened its service range to include personal loans, fixed deposits, bank account management tools, and credit score monitoring. By doing so, it is creating a holistic financial ecosystem that caters to the broader financial needs of Indian consumers beyond news and market data.
Statements from Leadership
Adil Zainulbhai, Chairman of Network 18, remarked, “This is a monumental milestone. Moneycontrol has broken the ceiling as India’s premier digital finance platform. This achievement reflects the high consumer confidence in the cutting-edge market data tools and content we offer, which help users invest their money more smartly.”
Nalin Mehta, Managing Editor of Moneycontrol, added, “The fact that over 10 crore people chose to use Moneycontrol in just one month is a great vote of confidence in the quality of our content and the value it adds for retail investors looking to make informed investment decisions.”
Looking Ahead
As Moneycontrol continues to innovate and expand its services in response to evolving market demands, its leadership position in India’s digital financial information space appears well secured. With its blend of technology, expert analysis, and user-centric tools, Moneycontrol is set to remain an indispensable platform for millions of investors seeking reliable and actionable financial information.
About Moneycontrol:
Moneycontrol is part of Network 18, one of India’s premier media and digital content groups. The platform delivers comprehensive real-time financial markets news, data, and investment tools to over 100 million unique users monthly, making it India’s leading destination for business and financial information.
Disclaimer: This article is based on a press release provided by VMPL. Business Standard journalists were not involved in the creation of this content.
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