Wiz will be plugged on to new media and mobile platforms from day one. It will power a world-class partner for international news,' he added.

Sharma plans to position Wiz as a formidable twin to its sister channel India TV under his umbrella group Independent News Service (INS). Wiz will also connect with new-age audiences through INS's digital media business, India TV Interactive.

Asked about the editorial leadership for the channel, Sharma, who is also the group editor-in-chief, did not reveal the name.

'One of the most live-wire and innovative editors in the business will run Wiz on a hands-on basis,' he said.