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News Digest: DQE, Kings XI Punjab, Nautanki.tv, Ignition, StanChart, Exclusively.in & More

DQ Entertainment Looks To US, UK For Acqusitions

Animation company DQ Entertainment is eying acquisitions in the UK and US, but may take till next year the next financial year to close a deal. The company might raise funds to finance these acquisitions. [Business Line]

BCCI Doesn’t Allow Kings XI Punjab Sale To PE Firm

A proposal to sell 93% stake in IPL Cricket team Kings XI Punjab to a private equity firm has been disallowed by the the Board of Control for Cricket in India (BCCI), saying that the sale cannot take place until investigations against suspended IPL Chairman Lalit Modi have been completed. The stake is apparently valued at $250 million. The team had been bought in 2008 for $76 million. [Economic Times]

Nautanki.Tv COO Jeroo Sam Patel Resigns

Jeroo Sam Patel, COO of Hungama owned video distribution network Nautanki.tv has put in her papers, according to an email she sent out recently. Patel confirmed her departure to MediaNama saying that she hasn’t yet finalized her next move. Hungama Digital Media is believed to own a majority stake in Nautanki.tv. Nautanki.tv founder and CEO Sunil Nair left last December, and has launched a mobile startup  multiscreen video content delivery platform Videscreen

UTV Ignition Hires Justin Keeling Global Strategy & Product Head

UTV Ignition Entertainment has appointed former Fox Interactive Media executive, Justin Keeling, as its global strategy and product head. Keeling has over 15 years of experience in the media and video games industry to us. Keeling joins from IGN, the leading gaming media outlet which he started and grew in the UK to over five million unique monthly UK users, and was also on the senior management team for Fox Interactive Media and MySpace. [press release] Remember that UTV intends to raise funds for Ignition Entertainment.

Standard Chartered Partners With TimesofMoney To Launch Online Remittance Facility Transfer2Home

Standard Chartered has launched Transfer2Home, a service offering Non Resident Indians the ability to transfer money to India from USA, UK, UAE, Singapore, Hong Kong and Bahrain. The service has been launched in partnership with TimesofMoney, which appears to be white-labelling the remittance service. Which also runs the Remit2India. StanChart has also entered into a strategic arrangement with BNY Mellon for providing Automated Clearing House (ACH) based remittance service from the United States. [Press Release]

Mobile Marketing Association Appoints Marco Lopes As Managing Director For Latin America

The Mobile Marketing Association (MMA) has appointed Marco Lopes as Managing Director of its Latin America (LATAM) branch. The MMA has four business units – Asia Pacific; Europe, Middle EAst and Africa (EMEA), Latin America and North America. Each business unit’s managing director has autonomy to foster strong member communities, launch new in-region local councils and perform MMA Forum events with full P&L responsibility while overseeing adherence to the MMA’s Consumer Best Practices (CBPs) guidelines. Lopes’ initial charter will center on the regional committees: Consumer Best Practices, Mobile Advertising Guidelines with focus on SMS advertising. [Press Release]

Bharti Airtel Plans To Launch iPhone4 By October 2010 [WSJ]

MicroMax Launches In Bangladesh

TA Associates funded Micromax has said that it will launch 12 mobile handsets priced between BDT 2,000 and 16,000. The company has tied up with Reach Distribution Ltd as its a national distributor for the Bangladesh market. [Micromax]

Lovnish Bhatia Joins VDOPIA as GM (Business Development) For India

Lovnish Bhatia has joined online advertising network VDOPIA as GM (Business Development) for its India operations. Bhatia joins with over ten years of experience in the media industry having worked with the Internet and Television divisions of Viacom18, NDTV Media and Sony Entertainment. Prior to joining Vdopia, Lovnish was Senior Manager, Business Development at Viacom 18. [Press Release]

Exclusively.in Acquires Gandhi Photos

Exclusively.In, a recently launched retailer of exclusive items has acquired 10 copies of “The Gandhi Collection” from Vadehra Art Gallery in New Delhi to market in India and abroad. “The Gandhi Collection”, a set of 18 black-and-white photos, is priced at $3250. [WSJ]

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