Posted by admin on May 12, 2009 in
Digital Media News
In answer to TRAI’s directives to offer mobile subscribers more control over their VAS subscriptions, some providers of VAS belonging to IAMAI, the industry body of ISPs and telecom firms, have set up a code of conduct as a self-regulatory measure.
The following companies that have agreed to adopt the code: ACL Wireless, ActiveMedia Tech, CanvasM, Buongiorno, OnMobile Global, i2i telesource, Indiatimes.com, Mauj, Mypopkorn, NetxCell, Saharanext and Webaroo.
According to the [...]
Posted by admin on May 12, 2009 in
Digital Media News
Television Eighteen India Ltd today said its board has approved a rights issue of Rs510 crore and that promoters have undertaken to subscribe any unsubscribed portion of the issue. Proceeds will primarily be used to repay debt. "The pricing, ratio, timings and other terms of the Rights Issue shall be decided by the Rights Issue Committee of the Board of Directors, in consultation with the lead managers to the Right Issue," the company said in a statement to the Bombay Stock Exchange. ICICI Securities Ltd is the lead manager to the issue.
The board has also approved an increase in the authorized share capital of the company from Rs105 crore to Rs205 crore, subject to the approval of shareholders.
The company is expected to launch the Indian edition of Forbes magazine through an arrangement with Forbes Media, within the next week.
Must Attend Event: EconSM: Social Meets Mobile, May 14th in San Francisco. Speakers include Seth Sternberg, (CEO and Co-Founder, Meebo), Kevin Thau, (Director, Mobile Business Development, Twitter), and George Linardos, (VP, Product Management, Media, Nokia) among many more. See full list and register at www.econsm.com.
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Posted by admin on May 12, 2009 in
Digital Media News
When asked about what whether Microsoft is working on a new search service at TechEd India in Hyderabad Microsoft CEO Steve Ballmer declined to share specifics, saying only that there is going to be a lot more innovation in search in the next ten years, than in the last ten.
“The problem with search today - [...]
Posted by admin on May 12, 2009 in
Digital Media News
A Platform to Enable Publishers, Education Service Providers and Entertainment Companies to Significantly Reduce cost of production by 20-40 percent, reduce Time to Market and Increase Content Monetization SAN FRANCISCO, May 12 SAN FRANCISCO , May 12 ...
Posted by admin on May 12, 2009 in
Digital Media News
If you are running a small shop or company that requires staff planning, what do you use? Regular calendar? write down employees names on each days? what about vacations? It is a pain to maintain and plan the staff roster.But things are now changing and there are people who are working for you to create smart applications that will take the pain out of your day to day job.Here is a web based application that will take all the pain out of staff scheduling. It provides you with easy to use staff scheduling software, with no downloads, no expensive licence fees, and no installation hassle. ...Oops! Click the link to read more
Posted by admin on May 12, 2009 in
Digital Media News
JP Morgan Chase is planning to enter the private banking space in India within one year. Kalpana Morparia, former ICICI Bank honcho who recently took over as the chief of JP Morgan India told Dow Jones Newswires as per this report.
She also said that JP Morgan Chase, the second largest US bank, is also keen on the retail banking business in the country. But it cannot float operations as Indian central bank RBI has been very restrictive in giving licences to foreign banks to expand branches in the country. JP Morgan currently has only one registered branch in Mumbai. It has applied to RBI for four branch licenses and is awaiting approval.
JP Morgan India’s chief also said the US bank will initially aim at corporate clients through the branches before expanding into the retail segment.
JP Morgan, which recently hired six Bank of America employees for its India operations including Kaku Nakhate as the vice-chairperson of India business, currently offers investment banking, fund management and capital market products in India.
It also acts as a custodial bank to foreign institutional investors and also manages an Asia Infrastructure Fund with a corpus of around $750 million, which invests in infrastructure projects across the region. It is not present in cards, retail financial services and mid-market commercial banking.
The bank expects investment banking to be the largest contributor to the firm's growth in India, contributing nearly 80% to total revenue. In the institutional market, JP Morgan's market share has gone up to nearly from 5% a year ago to around 9%, claimed Morparia.
Posted by admin on May 12, 2009 in
Digital Media News
OLX Inc., a Craigslist clone that focuses on free online classifieds focused on markets outside the US, has raised $5 million in third-round funding from Nexus India Capital. It had previously raised $23.5 million from General Catalyst Partners, ...
Posted by admin on May 12, 2009 in
Digital Media News
The mobile value added services members of Internet and Mobile Association of India has adopted a 'code of conduct' with a view to take the first step towards self-regulation and to provide better services to consumers and telecom companies . According to IAMAI, the companies which have agreed to follow the code of conduct include OnMobile, ACL Wireless, ActiveMedia Technology, CanvasM, NetXcell, Mauj, Indiatimes.com, Webaroo, i2i Telesource, Buongiorno, Sahara Next and ...
Posted by admin on May 12, 2009 in
Digital Media News
Reliance Mobile has bagged the rights to exclusive mobile content on the International Cricket Council’s World T20 championship that is set to begin next month. In terms of online content, Yahoo had inked a three year deal with the ICC for online content including images, videos, interviews and player chats, powers the current website for ICC [...]
Posted by admin on May 12, 2009 in
Digital Media News
Kawaljit Singh Bedi, who was part of the team that founded NDTV.com, has been named chief technology officer at NDTV Convergence, the digital media arm of broadcaster NDTV Ltd. Bedi was software architect at NDTV Labs prior to this. Former CTO Gagan Sharma has been redesignated as senior technology analyst.
"Kanwaljit was part of the founding team of NDTV.com along with me, and brings tremendous domain knowledge and creative skills to the table," said Vikram Chandra, CEO, NDTV Networks Plc., of which Convergence is a part. With Convergence CEO Sanjay Trehan set to move out on 15 May, the company will start looking for a replacement soon. Currently, Chandra is acting as the CEO for this division in addition to his existing roles, including those of an anchor and newscaster.
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