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News Digest: Communicate2, Airtel ESOPS, DAVP, Web18, RCom, IPL & More

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…

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