RIL To Enter Entertainment Sector?

Speculation is rife that Reliance Industries is set to announce its entry into the Entertainment sector, given that the non-compete agreement with Anil Ambani’s Reliance ADA Group has been cancelled. A company spokesperson has denied RIL’s plans for the entertainment sector though. RIL, post the 3G Auctions in India, acquired a majority stake in Infotel, and has broadband wireless spectrum across 22 circles in India. [The Hindu Business Line]

Read:
The Next Generation: Reliance’s Plans To Ram India’s Sluggish Broadband Sector
Jyotindra Thacker To Head Reliance Industries’ Telecom Venture: Report
Updated: Reliance Industries Buys 95% In BWA Auction Winner Infotel; To Invest Rs. 4800 Cr

NDTV To Represent KidsCo In India

NDTV has entered into and exclusive distribution deal with KidsCo, an international kids TV channel, to represent the channel in India, across all digital platforms. Also representing sales and distribution of branded blocks of KidsCo content to broadcasters across India. [Release]

HomeShop 18 Redesigns E-Commerce Portal [view]

Subrata Roy Quits Neo@Ogilvy

Subrata Roy, with about five years of working experience with Neo@Ogilvy, the digital media planning and buying arm of Ogilvy India, has recently quit the agency. He agrees of not intending to leave the digital media industry but refuses to comment on his next destination. [Afaqs]

NSN To Supply 3G Equipment For TTSL

Tata Teleservices Ltd (TTSL), who has recently won 3G spectrum in 9 circles, signed a deal with Nokia Siemens Network for the supply of 3G (third generation) equipment. NSN is likely to support 50 per cent of its circles. [The Hindu Business Line]

DRI Follows Security Agencies’ Lead

Directorate of Revenue Intelligence seeks access to the monitoring systems in order to track online deals, looking for information on suspected tax violators. [The Hindu Business Line]

Police Order Hit Sales Of Pre-Paid Mobile Connections

Following Andhra Pradesh police’s request of cellular operators to not to go ahead with the issuance of pre-paid SIM connections for some time, sales of pre-paid subscriptions of mobile connections have been hit in the state. [The Hindu Business Line]

RCOM And GTL To Convert 6K Crore Loans Into Equity

GTL Infrastructure and the tower subsidiary of Reliance Communications will convert around Rs 6,000 crore of loans from promoters into equity and issue fresh shares worth Rs 4,700 crore to investors to create a combined tower entity.[Economic Times]