Sony channels ‘unappealing and irrelevant’, says Hathway and disconnects them

Spats over prices are an inescapable phenomenon in the broadcasting industry and by the looks of it Sony and Hathway Cable and Datacom are gearing up for yet another battle. Hathway said Sony, via its distributor MSM Media, has been demanding exorbitant prices for its channels for letting it renew its distribution agreement. “The Subscription […]

Royal Enfield expands to North America, to set up showrooms across US

Royal Enfield, maker of the iconic Bullet bikes in India, said it has set up its first operating direct distribution subsidiary outside India, in North America. Setting up a direct distribution company in Milwaukee, Wisconsin is expected to boost sales of Enfield models in the US and Canada. It will also launch a fully-branded retail […]

NDTV Gadgets valued at Rs 325 cr; investors include Paytm

NDTV has finally announced that it has raised an unspecified amount of money by selling stake in its NDTV Gadgets portal. The investments have been made after valuing the unit at $50 mln (around Rs 325 cr). Interestingly, that amount is close to almost half of the value of the parent firm’s shares — which […]

Zee enters the English News market, takes on Times Now, NDTV

Putting an end to much speculation, Zee Media Corporation — the news arm of the Zee Group — today announced its intention to enter into English News Broadcasting with the appointment of Rohit Gandhi as Editor-in-Chief – English News Broadcast and Related Content. Zee had been expected to make this announcement for almost a year. […]

RCom’s lack of data investments starts hurting growth

Reliance Communications Ltd reported disappointing results for the June quarter on a steep decline in voice usage, but the company’s voice pricing is now more or less at parity with that of Idea Cellular. However, in the absence of data growth, the company was not able to report impressive numbers for the first quarter. Net […]

Essel Group Middle East acquires Potash Mines in Eritrea

Essel Group Middle East (EGME) has acquired the Bada Potash Exploration License, located in Danakil Depression, Eritrea via its subsidiary Interu Mining and Trading. Earlier this year, EGME had also acquired oil reserves in the sub-Saharan region. Essel Group is the promoter of Zee Entertainment, and is headed by Subhash Chandra Goel. The group’s primary […]

How Reliance Jio deal can win RCom a ‘free’ 4G network

Reliance Communications is fast emerging as the biggest beneficiary of the approval of spectrum sharing guidelines, though Vodafone and Bharti Airtel — which obtained 3G spectrum earlier this year — could also benefit big time. According to a report in the Economic Times, Reliance Jio and Reliance Communications will take advantage of the new rules […]

Coca Cola appoints James Quincey as new COO

The Coca-Cola Company today announced James Quincey as President and Chief Operating Officer (COO). Ahmet Bozer, Executive Vice President and President of Coca-Cola International is going to Retire after Distinguished 25-Year Career. As President and COO, Quincey will have responsibility for all of the Company’s operating units worldwide. He will report directly to Chairman and […]

Symphony Ltd buys Chinese manufacturer to enhance international play

World’s largest air cooler company, Symphony Limited has agreed to acquire Munters Keruilai Air Treatment Equipment (Guangdong), China, the Indian company said. “MKE is a market leading brand in China, producing energy-saving and environment-friendly evaporative air coolers under brand Keruilai,” said Symphony, a household name in India. MKE came into existence in 2011 as a […]

HCL Tech appointed strategic IT partner to SAI Global in multi-million deal

HCL Technologies, a leading global IT services provider, today announced that it has been appointed as the strategic IT partner to SAI Global. The contract is expected to save SAI Global around $27 million, HCL said. It would imply that the contract is worth a few million dollars, though HCL did not reveal the financial […]