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News Digest: Big FM, Google, MTNL, Facebook, Reliance, Kindle & More

Himanshu Shekhar Quits Big FM

Himanshu Shekhar, Business Head – North and West for Big FM has quit the company. Shekhar is expected to join Mindshare, his immediate past company, to head the Unilever business and be based in Jakarta. He has also worked with JP Cement as Area Sales Manager, The Hindu as Account Planner and was with Mindshare Fulcrum as General Manager, Position, for Unilever. (Read more at Exchange4Media)

Google’s New Service JumpStart

Google has announced a new service called JumpStart, where the company will offer free support to help SMBs build online ad campaigns. It also announced an extension of its free advertising coupon offer for Small & Medium Businesses (SMBs) across India. (Read more at CIOL)

MTNL  Has Rs. 13B Expansion Plan

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PSU MTNL is set to spend Rs 13 billion  in capital expansion in the next financial year beginning April 2010. The expenditure will be on GSM expansion and bringing fiber to home. The company expects its revenue to be around Rs 52.5 billion in the fiscal year. (Read more at The Wall Street Journal)

BAG Films Raises $17.43 Million Through GDR

BAG Films and Media has raised $17.43 million through issue of 3.7 million Global Depositary Receipts representing 37 million equity shares of Rs 2 each at $4.71 per GDR. The funds will be used for expansion. (Read more at Indiantelevision.com)

Reliance ADAG Direct Selling Through Webstore

Reliance ADA Group is direct selling telephony products and services under retail subsidiary Reliance Webstore which has 234 Reliance World Stores. The company is targeting a revenue of Rs1.1 billion from direct selling and paln to sell 2 million mobile handsets annually. (Read more at The Economic Times)

Nokia Siemens Networks Bags Equipment And Service  Deal With Aircel Worth $300 Million

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Nokia Siemens Networks has inked a deal with Aircel worth over $300 million. NSN will supply GSM radio, core and microwave network equipment and roll it out for Aircel and manage the network for four years. Last week the company had bagged a deal with Bharti Airtel for $700 million. (Read more at The Economics Times)

Facebook Set To Lauch Facebook Zero

Facebook is set to launch a light, text only version called Facebook Zero for mobile. It is expected to be free and work as a teaser from which users can upgrade to multimedia version after being charged by the operator. (Read more at TechCrunch)

Free Kindle App For Blackberry

Amazon has annouced that it will be launching a free Kindle application for Blackberry devices. Last year the company had launched the iPhone variant of the application. (Read more at CIOL)

MyWay Partners Utiba For eTop-Up Services

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IPTV service provider MyWay has selected Utiba for etop-up services. Utiba provides similar services to Airtel, BSNL and other telecom operators. (Read more at TelecomTiger)

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