Infomedia18 Loss At Rs 128.8M; To Raise Rs. 999.2M

 TV18’s publishing subsidiary Infomedia 18 has been struck by a net loss of Rs 128.8 million for the quarter October to December, 2009, 3 times higher than losses recorded in the September quarter. However, it is an improvement over the previous year: 57% lower than the net loss of Rs 305.8 million rec0rded in the quarter ended December 2008. Sick Company Application Rejected; Rights Issue Infomedia is in the process of raising [...] More at MediaNama.com