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News Digest: DB Corp, Doordarshan, Airtel, Beam, Synchronica

– Media company DB Corp plans to invest up to Rs 100 crore in FY 12 to  expand its presence in new as well as established markets. The company runs publications like Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar, Business Bhaskar. Read more at The Economic Times

– The Government is reportedly to follow a three tier bidding process to auction slots on Doordarshan’s free-to-air DTH platform to private broadcasters with a minimum benchmark of Rs 1.5 crore as carriage fee for each channel. Nearly 350 channels are  expected to join its DTH platform. Read more at The Economic Times

– The ministry of corporate affairs (MCA) will continue to stick to its belief that Loop Telecom did not violate the Companies Act. In the case of Swan Telecom ( Etisalat DB Telecom India Pvt. Ltd) the ministry maintains is stance stating that it is not an associate company of Reliance-ADAG. CBI is currently running investigations to identify that whether Essar Group used Loop as a front company to corner airwaves in violation of guidelines. Read more at LiveMint

– There has been a conflict between DoT and TRAI over cancellation of telecom licences for missing roll-out obligations. Read more at Deccan Herald

– Airtel has hiked its call rates by 20 per cent across six telecom circles. Most calls would now cost 1.2 paise per second. It also announced an increase in the pre-paid tariff rates of its Advantage pack. Read more at NDTV

– Beam, a mobile commerce company plans to invest Rs 500 crore for expansion of its business across India by March, 2012. The funds will come from oversees investors in the company. Read more at The Times of India

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– The ministry of corporate affairs (MCA) has directed the Registrar of Companies (RoC), Delhi, to investigate Speak Asia Online. The investigation will be assisted by RoC, Mumbai. Read more at LiveMint

– Blue Star group is planning to host second online diamond auction in the next month. Rough diamonds worth Rs 125 crore in sizes ranging from 5 carats to greater than 100 carats will be put up for online auction. Read more at The Times of India

– Synchronica has inked a deal worth $ 1.4 million with an Indian handset manufacturer to provide push email, instant messaging and social networking services for the handsets that will be produced later this year. Read the Press Release

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