India Inc has been quick to spot the value-for-money brand promotion opportunity on radio.
There are presently around 20 million DTH subscribers in the country and Sun has managed to capture more than 25 per cent of the pie with a customer base of 5.3 million.
Indian Railways' ambitious project of developing Dedicated Freight Corridors, conceived to change the face of its freight traffic business, is set to suffer inordinate delays due to troubles in land acquisition and various other issues.
Encouraged by the the high viewership for the ongoing Indian Premier League cricket matches, official broadcaster Sony Set Max is expecting to sell its remaining inventory of 10-second advertisement spots for the semi-final and final matches for over Rs 10 lakh (Rs 1 million).
Media planners and executives of TV rating agencies say general entertainment channels have started feeling the heat, as the Indian Premier League is receiving not only an avalanche of advertisements but also taking away their viewers.
Indian Railway Catering and Tourism Corporation is set to face a decline of Rs 300 million ( Rs 30 crore) in revenues from sale of online rail tickets in the coming financial year as a result of the reduction in service charge announced in the Rail Budget last month.
Ten days into the show, the country's most hyped sporting extravaganza, the Indian Premier League cricket tournament's third season , continues to clock record television viewership numbers.
According to sources, Videocon, Jaypee Associates, Sahara, Adani Group and a conglomerate in the construction business from Pune will be placing bids. The IPL will be accepting the bids for the two new teams on March 21 at 10 am. The bids will be opened and the winner will be declared at 11 am on the same day.
INOX has denied the claims made in a complaint to the stock market regulator by Reliance MediaWorks that Fame India promoters sold their stake in that company to INOX at an unduly low price, far lower than what RMW was willing to pay.
Entertainment content (movie and music) will be 10-15 per cent more expensive, following the proposals of the Finance Bill 2010.
The number of passengers in the suburban sector rose 1.48 per cent to 3,210.93 million between April 2009 and January 2010, from 3,164.05 million in the year-ago period. However, earnings rose around 2.5 per cent to Rs 1,441.72 crore (Rs 14.41 billion) from Rs 1,406.73 crore (Rs 14.06 billion).
The railway ministry is planning to launch 15 more Duronto Expresses in the coming budget, as the end-to-end non-stop train has caught the fancy of passengers.
Market participants say the focus of Finance Minister Pranab Mukherjee will be on fiscal deficit, more so in the wake of the recent debt crisis in some Europeon countries.
It may come as a surprise to many, but Indian Railways under Mamata Banerjee has witnessed a marked improvement in its safety performance than what was recorded during the tenure of her predecessor, Lalu Prasad.
With the Indian Railways registering better-than-expected growth in traffic operations this financial year on the back of a revival in the economy, its gross domestic product (GDP) is expected to cross the 9 per cent mark by the end of this financial year. This could lead to a rise in the freight rates of some commodities, say officials in the ministry.
Under the plan being worked out, the labour component of the railway projects, which include the expansion of train lines or conversion of line gauge, would be funded from NREGS, as most of these projects require a large labour force and generate employment opportunities in rural areas.
The recommendations forwarded by the consultant will be put up for discussions among trade bodies and port authorities.
Among the proposals considered today includes a project to construct a railway link between Rohanpur and Singhabad to facilitate transit traffic from Bangladesh to Nepal through India. Railway ministry sources indicated that the ministry had no objections to opening the additional transit route to Bangladesh.
Overall, the railways intend to build 66 MFCs at a cost of Rs 8 crore (Rs 80 million) each. MFCs would provide rail users with facilities like shopping, food stalls and restaurants, book stalls, telephone booths, medicine and variety stores, budget hotels and underground parking.
Contrary to expectations, the revised fare structure under the 'Tatkal' scheme of the railways has given a boost to the ticketing earnings of the railways.
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