Dhoot Entertainment Network of the Rs 6,000-crore (Rs 60 billion) Videocon group has entered into an agreement with an Australian firm for launching 24-hour TV business channel - Money TV - in the country.
Finance Minister P Chidambaram announced the Union Budget 2013-14 in Parliament on Thursday.
CEAMA will include the proposal in its pre-budget memorandum to the government.
Consumer durables maker Electrolux Kelvinator Ltd will merge with Videocon Industries by next year, Electrolux managing director Anirudh Dhoot said on Tuesday.
Videocon launched an app-powered air conditioner.
Sales of refrigerators were higher this year versus last year.
The festive season, which usually starts from September, is when 35 per cent annual sales get transacted for most durables firms.
Excise duty on most products has been capped at 12.5 per cent
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
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