FIPB Defers DBCorp, Rajashtan Royals Decision India's Foreign Investment Promotion Board has deferred a decision on DB Corp's plan for an IPO, which involves a sale from existing promoters, upto 26 percent of the companys post-IPO paid up share capital. A decision on Jaipur IPL Cricket Pvt. Ltd (Rajasthan Royals), which plans to induct 100% foreign equity by way of "issue of shares for consideration other than cash inflow" has also been deferred. [release] Airtel-MTN Deal Not Done Yet Reacting to media reports claiming that a preliminary agreement has been reached between Bharti Airtel and MTN, Airtel has categorically denied any such developments. "The discussions are still on. As and when there is any development, we would be happy to share the same with the media," the company said in a statement. Hungama T-Series Deal Is Till 2011 The deal between T-Series and Hungama which extends up to 2011, reports Afaqs. Strangely enough, though, Siddhartha Roy says that aggregation is just 10 per cent of the companys business, saying "we don't just hand over the content to the operator." So you may well ask about how much of the business is from repurposing-and-distribution of aggregated content, or for that matter, how much of the business is dependent on content received from T-Series. A detailed story on Hungama at Afaqs. MTS Rolls Out Mobile Telephony Services In Jharkhand MTS, the mobile telephony services brand of Sistema Shyam TeleServices Ltd (SSTL) was launched in Jharkhand yesterday, with 60% of the planned coverage…
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