UTV Group will start eight new channels with an investment outlay of $200 million by March 2008.
The funds are needed to meet losses for the next two years, sources said. The channel, which was launched in April 2008, earns around Rs 2 crore (Rs 20 million) a month and incurs an operating monthly cost of Rs 7.25 crore (Rs 72.5 million). As a result, its monthly loss is about Rs 5 crore (Rs 50 million), translating into an annual loss of around Rs 60 crore (Rs 600 million), sources said.
RSVP plans to make movies on Sam Manekshaw and Ram Jethmalani.
He is followed by Nandan Nilekani and Narayan Murthy in Hurun India Philanthropy List
India's billionaires are pledging a decent amount of their wealth for the welfare of society.
And no, the list doesn't start and stop with Boman Irani!
