Scrap 93 Million GSM Line Tender says Pitroda
Raja To Face The Heat For BSNL’s Dismal Performance
A report compiled by DoT bureaucrats on the problems of BSNL has been sent to the Prime Minister’s Office. The report blames the Telecom Minister and the company for mishandling and irregularities in BSNL. (Read more at DNA)
UFO Moviez To Rake In Rs 200 Million In Sponsorship Via IPL
UFO Moviez owns the India rights to screen IPL matches in cinemas and expects to earn Rs 200 million from sponsorship deals for this year. Ford, Samsung, Nokia, Hero Honda and Union Bank of India have already signed up. UFO Moviez have entered into a revenue sharing agreement to screen matches on 700 screens. (Read more at The Economic Times)
Rs 8.5 Billion For I&B Ministry
The Government has alloted a total of Rs 8.5 billion for Ministry of Information and Broadcasting. The allocation includes Rs 3.43 billion for Broadcasting, Rs 1 billion for Information sector, Rs 880 million for Film sector and Rs 3.19 for Commonwealth Games and related programs.
Gameshastra Opens Facility In Hyderabad; Working On PS3 Title Based On Ekalavya
Indian game development studio Gameshastra has opened a new facility in Hyderbad and after game title Desi Adda: Games of India, is working on a Playstation 3 title based on the Indan myth of Ekalavya. The game is to be released sometimes in 2011. The company also plans to publish 16 games by the end of 2010.
American Tower Corporation buys Essar’s Tower Business For Rs 20 billion
American Tower through its wholly owned subsidiary Transcend Infrastructure Limited has entered into a purchase agreement with three India companies of Essar Groupto acquire the entire issued share capital of Essar Telecom Infrastructure for Rs 20 billion in an all cash deal.
Airtel Digital TV has announced that users buying an Airtel DTH connection using HDFC credit card will get a discount of 15 percent.