Move aimed at reducing tax exemptions ahead of Budget 2008-09.
At present, the FDI limit for FM radio companies is 20 per cent. A senior Trai official has indicated that it could recommend an increase between 26 and 74 per cent.
India's booming mobile services market will see investments of over Rs 100,000 crore (around $24 billion) by 2010, the fastest investment ramp-up seen in any telecom market globally even as analysts predict a bruising battle that will see tariffs fall sharply.
Delhi HC has stayed CLB order against Essel group's bid on UNI. The tranfer of shares too has been termed null and void.
Bogged down by regulatory issues and lack of earning opportunities in smaller towns, the 30-odd private FM radio companies may not participate in the third-phase expansion of private FM radio mooted by the government. In the third phase, government will issue licences for 680 FM radio stations across 237 cities in the country, mostly very small towns like Achalpur, Bettiah and Churu.
The measures are part of a package of nine concessions that were suggested by the commerce ministry around eight weeks ago and are awaiting cabinet approval.
Alliance Lumiere, owned by NDTV Imagine, the entertainment company of NDTV, is all set to launch an international film channel. The films will be distributed in India and abroad. They will also be marketed through DVDs and VCDs for private viewing.
The Nano price point would see a 65 per cent increase in the number of families that can afford a car.
I&B ministry has called off the auctioning of vacant FM radio stations and postponed it indefinitely. This move has left 27 bidders in a lurch.
Reworks proposal submitted to Foreign Investment Promotion Board.
If India's Australia tour gets cancelled, advertisers will ask the broadcasters for a refund.
Chidambaram to meet ministries' financial advisors, PM's economic council.
DTH is still growing month-on-month, while the figures of CAS subscribers have begun to stagnate.
The I&B ministry has intimated January 14 and 24 as the new dates for the auction instead of December 29 and January 10.
India-born steel magnate LN Mittal met Prime Minister Manmohan Singh on December 8 to discuss his plans in the oil and gas sector in India. The meeting has led to reports that Mittal is interested in taking over Cairn India's assets, which includes prospective oil discovery in Rajasthan.
Compliance levels in India have improved significantly over the past few years with 85 per cent of the country's 31.9 million tax payers filing income tax returns in 2006-07. But this is still below the near-100 per cent compliance levels in developed countries.
Be it the launch of new entertainment channels like Bindass, 9X and Zee Next or the programming rejig on Zee TV, Channel V, Star One, Sahara and Star Plus, broadcasters are leaving no stone unturned to attract the younger generation as well as the advertisers.
The Return of Ravana will be set in contemporary times in Manhattan, the US. In the proposed trilogy, King Ravan will return in modern times in the US and create problems for the international community. This will lead to the appearance of Hanuman.
The Indian advertising expenditure is doubling every four years primarily dominated by spends on television and print campaigns.
With an eye on channelising domestic savings into the power sector, the finance ministry is considering granting income-tax exemptions for individual investments up to Rs 50,000 in power infrastructure bonds.
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