Communicate2 Wasn’t Acquired By Aegis Media
Vivek Bhargava, CEO and Founder of Communicate2 has told Exchange4Media that their management took a call six months ago to finance their growth through a round of funding from a consortium of investors. They have no equity relationship with Aegis Media (Read more at E4M)
Kavi Madan Joins Web18 As Vice President, Mobile18
Kavi Madan has joined Web18 as VP of Mobile18. Prior to joining Web18, Kavi was Vice President at Buongiorno India. He has also worked with Mauj, Indiatimes, India Today Group and Bennett, Coleman & Co.
RCOM Gets ‘PR1+’ (PR One Plus) Rating From CARE
Reliance Communications has informed BSE that Credit Analysis & Research Ltd (CARE) has assigned a ‘PR1+’ (PR One Plus) ranking to the Short-term Debt CP/NCD of the Company having tenure up to one year. According to the filing: “The rating has factored in RCom’s presence as an integrated telecom service provider, substantial increase in its subscriber base , pan-India presence, relatively better market position in CDMA segment and increase in its subscriber base due to the launch of its GSM services. Increasing competition from the existing as well as new entrants in the telecom sector and declining ARPUs were the key rating concerns.”
Airtel Allots 109,650 Equity Shares To Employees
Bharti Airtel has informed BSE that Committee of Directors of Board of directors of the Company has allotted 109,650 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005. 87,000 equity shares fully paid up at an exercise price of Rs. 110.50. 750 equity shares fully paid up at an exercise price of Rs. 156.50. 13,750 equity shares fully paid up at an exercise price of Rs. 178.50. 7,450 equity shares fully paid up at an exercise price of Rs. 195.00. 700 equity shares fully paid up at an exercise price of Rs. 206.00
With the allotment of the above equity shares of Rs 5 each, the equity base of the Company has increased from 3,796,842,330 to 3,796,951,980 of equity shares.
Nokia N97 Mini: 7 Crore For Online Publicity
Reliance Big TV Partners With NetworkPlay.in
Reliance Big TV has announced that they have partnered with NetworkPlay.in to monetize their DTH content. Big TV owns 23 PPV movie channels and has a range of interactive zones on its platform. NetworkPlay.in works with many publisher partners including LinkedIn andMakemytrip.
Base Price For New IPL Team $225 Million
IPL has fixed a floor price of $225 million for bids to own two new teams. This has surged the valuation of the present teams in the franchise but the owners are not looking to dilute stakes in their teams. (Read more a Indiantelevison.com)
Hindustan Times Partners With Washington Post
Hindustan Times and The Washington Post have entered into a partnership for India. The tie-up will allow Hindustan Times exclusively to offer content from WaPo and Newsweek in India. Content from the Post will appear under a Post-branded space in Hindustan Times. (Read more at E4M)
HT Media already has a tie-up with News Corp’s The Wall Street Journal, TV Channel CNBC-TV18 and online publication VCCircle for the business paper Mint. Keep in mind that Raju Narisetti, Managing Editor of The Washington Post was previously editor of Mint.
DAVP Plans Automation
The Directorate of Advertising and Visual Publicity (DAVP) is looking at mobile telephony, digital cinema, Internet and other new forms of media for publicity. DAVP is also setting up automated systems and processes for efficiency and transperancy. The agency expects to do a business of Rs 6 billion this FY. (Read more at Indiantelevision.com)