While the other owners of Indian Premier League teams are gearing up to pick up players in an auction some time this month, Emerging Media and Lachlan Murdoch, the combine which has bagged the Jaipur team, has firmed up its marketing and promotion plans.
The company - Mumbai-based Netcore Solutions - provides around 20 SMS-based channels like news, Sensex, cricket, jokes, horoscope and Bollywood free-of-cost to subscribers, irrespective of the operator or the circle. Further, these services are available across all the 23 circles in the country.
The auctions are slated sometime in February, though the exact date is yet to be announced. Expectations are that stars like Sachin Tendulkar, Sourav Ganguly, Rahul Dravid and Yuvraj Singh will rake in close to Rs 2 crore to Rs 3 crore in just one season of 59 match-days.
If it were a corporate entity, the Board of Control for Cricket in India would have been among the country's top 170 companies in terms of revenues (2007) -- much larger than Zee Entertainment (Rs 1,515.88 crore) for which promoter Subhash Chandra is waging a bitter battle against the official cricket board to develop 20-20 cricket in India.
The company is exploring fund raising options to start services in 22 circles in the next two years.
Last week, Reliance Entertainment signed up with Manchester United for an exclusive, global three-year game development deal, which reports estimated at $100 million. Rajesh Sawhney, president, Reliance Entertainment, talked to Business Standard about the company's plans in the gaming, animation and home entertainment space.
In an effort to make the world's cheapest car more affordable, Tata Motors is exploring the possibility of providing loans for the Nano either through Tata Motors Finance, a wholly owned subsidiary, or existing financing channels.
It is learnt from sources that the two companies today paid Rs 20 crore as guarantee deposit to the Board of Control for Cricket in India (BCCI).
Tata Teleservices MD, Charles Anthony, has called it quits.
The likes of SRK, Nirula and Mallya are in the race to own an IPL team for the upcoming Twenty20 series.
Sony TV has locked horns with production house Endemol over airing of Big Boss sequels. Sony maintains that it has the first refusal rights, as per the agreement between the two.
The Express group is expected to get around Rs 500 crore (Rs 5 billion) from the deal.
In a desperate attempt to grab spectrum and start operations in new circles ahead of rivals, leading GSM operators have informed the government that they are willing to start services with less than 4.4 MHz spectrum. Vodafone Essar has intimated its willingness to start operations in new circles where the availability of spectrum is less than 4.4 MHz.
You can now pay all your bills with your phone.
Real estate major DLF, Mukesh Ambani-promoted Reliance Industries, cinema production and distribution company Eros International, Reliance Anil Dhirubhai Ambani Group and Videocon Industries are believed to be readying to bid for team ownership rights in the Indian Premier League.
The company has launched a new card, the India One Pre-paid, under which users can make STD calls at a flat rate of Re 1 per minute. SMSes to any destination in the country would also be charged at a flat rate of Re 1 per message, BPL Mobile director and CEO S Subramaniam told Business Standard in an interview.
If India's Australia tour gets cancelled, advertisers will ask the broadcasters for a refund.
Global IT companies will add around 1.08 lakh employees in India by 2010, by increasing the headcount to 2.73 lakh. This would be a 65.25 per cent increase from the 1.65 lakh employed by the end of 2007.
DoT opposes the auction of 2G spectrum as anti-consumer and warns PMO that such a move can result in monopolising of mobile services in India.
The Anil Ambani group has already readied a war chest for the new initiative.
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