The Bombay Stock Exchange (BSE) today imposed special margins on 35 scrips, including three media shares.

The media firms included in the list of companies on which the margins were imposed are Padmalaya Telefilms, Pritish Nandy Communications and Sri Adhikari Brothers Television Network Ltd. The trading margins imposed on the three scrips are at 25 per cent.

The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement, a BSE release says.

Margin money is like a security deposit that is paid - which is held until a deal is complete and all monies are settled. The aim of margin money is to minimise the risk of default by either counter-party (buyer or seller). The payment of margin ensures that the risk is limited to the previous day‘s price movement on each outstanding position. Such measures are normally taken by the exchange to check excessive speculative trading.

The Ark Trust, an American non-profit animal protection organisation and presenter of the annual Genesis Awards, will salute the award-winning John S Hendricks, founder, chairman and CEO of Discovery Communications.

He is being recognised for his pioneering commitment to high quality documentary programming that celebrates the animal world.

An official release states that the Genesis Awards honours outstanding individuals from the major news and entertainment media for spotlighting animal issues with courage, creativity and integrity. Hendricks will get its coveted Guest of Honor distinction.

The release informs that since Discovery Channel‘s inception in 1982, Hendricks has been the driving force behind DCI‘s dramatic growth to a global operation that covers 155 countries with over 650 million subscribers. Its current stable of networks now encompasses 33 distinctive programming networks, representing 14 entertainment brands, which include The Learning Channel (TLC), Animal Planet, Travel Channel, Discovery Health Channel, Discovery Kids, and a family of digital channels.

DCI‘s other properties consist of discovery.com and 170 Discovery Channel retail stores. As one of the leading visionaries in the media industry, Hendricks has been the recipient of numerous accolades, including a previous Genesis Award for The Discovery Channel in 1991. Among his other awards are a Primetime Emmy and the Academy of Television Arts & Sciences highest honour, the Governors Award.