Balaji Telefilms Suffers 88% Fall In Net Profits (By Preethi J) Operating profits in the quarter ending September 2009 at Ekta Kapoor's Balaji Telefilms have taken a hit with average realisation per hour of commissioned programs falling by 14% to Rs. 1.6 million and that of sponsored programs by 24% to Rs. 0.36 million. Despite hours of programming increasing by 20% for commissioned programs and 41% for sponsored, net profit slid to Rs. 10.29 million from Rs. 89.65 million in the previous quarter and net profit margins diving to 2.53% from 22.53%. Details: Release | Financials So it's been an overall poor quarter for Balaji Telefilms, though income from operations rising slightly (2.26%) from the quarter ending June 2009 to reach Rs. 406.83 million. It launched 2 shows - one on Colors called Bairi Piya and one on Surya TV named Kadhaparayum Kaavyaanjali. Tata DoCoMo Ties Up With Microsoft India; Where's Market Place? (By Preethi J) Tata Docomo and Microsoft have entered into a long term partnership to launch applications; they have launched 2 smartphones and 2 services for now. The services include MyPhone for backup and the storefront announced in April - Windows Market Place. More on it on Medianama. The Windows 6.5 OS based smart phones by Acer will be distributed by Tata Docomo. It has set up its 'Dive In' stores in Hyderabad, Chennai and Bangalore and plans to open 100 more. (More at Deccan Herald) Our Take: Surprisingly, it seems to have become a referral site…
News Digest: Balaji Results; Tata DoCoMo-MS; Etisalat; Rediff; Walt Disney; BSNL; Google & more
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