Pyramid Saimira To Sell US And Malaysia Biz Pyramid Saimira would now focuss on its business in India and has put up its business in the US and Malaysia for sale. It would also help in strengthening the financial condition of the parent company, said PSTL Managing Director P S Saminathan. In US the company has 21 screens, two radio stations, a banquet hall and a magazine, DesiPages, while in Malaysia the company mainly dealt with screening and distribution of Indian, Chinese, Malay and Hollywood films. (MSN) Read our story on their financial results here. Maharashtra Increases Taxes On Mobile Handsets The Maharashtra government has increased the Value Added Tax on Mobile Handsets from 4% to 12.5%, following which handsets are expected to become more expensive all over Maharashtra. The increase in VAT is estimated to generate additional revenue of about Rs 3,000 crore per year. (Times Of India) Ed: We think this is a backward step: lowering of taxes on handsets is what killed the once-flourishing grey market in India, and an increase in tax is only going to encourage proliferation. Fingerprinting At Cybercafes? This borders on the ridiculous: Times of India reports that police in Mumbai is trying to make fingerprinting of customers compulsory at cybercafes. Frankly, if they do that, then fingerprinting should also be made compulsory at all PCO booths as well, since terrorists can also communicate via the telephone. Cybercafes appear to have become a scapegoat for anti-terror posturing of the police. Airtel Launches Job Updates In Bangalore,…
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