Thursday, May 8, 2008

Indian entertainment industry loses $4 Bn a year to piracy

TOP NEWS

Indian entertainment industry loses $4 Bn a year to piracy
The Indian entertainment industry annually loses over $4 billion to piracy, leading to the loss of about 800,000 jobs, according to a report by audit firm Ernst and Young India.
India among 'most brand conscious countries': Survey
India has entered the league of the most brand conscious countries globally, thanks to the fast growing nature of its economy and the rising number of affluent consumers here.
Cabinet sanctions $945 Mn on minority-dominated districts'Mobile phone radio offers revenue-earning opportunity'

TECHNOLOGY NEWS

TRAI may cap DTH channel prices
The Telecom Regulatory Authority of India may fix prices of pay channels on the direct-to-home (DTH) platform.
Satyam is SAP's 'strategic partner' in Middle East
Indian IT company Satyam has announced that it has been named the first 'strategic services' partner for European software enterprise SAP in the Middle East and North Africa (MENA) region.
Publicis Groupe expands digital activities in South AsiaWifi launches DVB technology, actor Pooja's voice portal

BUSINESS NEWS

Bigflicks.com to invest $100 Mn in three years
Bigflicks.com, an online video-on-demand (VoD) and video rental business unit of the Reliance Anil Dhirubhai Ambani Group, is planning to invest $100 million by 2011 to expand its business both in India and overseas.
India has potential for 10 percent growth: UN agency
India has entered a new phase of high growth with a forecast for nine percent expansion for the current fiscal, thanks to higher savings and investment.
'IT service providers raising embedded prices'Bharat Forge to invest $87.2 Mn in Maharashtra

VENTURE NEWS

Ashok Leyland raises $200 Mn from overseas
Ashok Leyland, India's second largest commercial vehicle maker, has raised $200 million from international markets for investments both in the domestic market and overseas, a top company official has said.
Goldman Sachs buys out a Mumbai NBFC
Goldman Sachs beefs up its presence by picking up another non-banking finance company in India.
BSG Alliance raises more than $50 Mn Daimler joint venture with Hero Group approved

OTHER NEWS

FM Chidambaram turns author
Finance Minister, P Chidambaram, has not only mastered the art of presenting the Union Budget, has now yielded the pen to author a book too.
Kiran Karnik joins IDG Ventures India
IDG Ventures India today announced the appointment of Kiran Karnik, Ex- President, NASSCOM, to its Global Advisory Board.
Man arrested for creating fake profile of RelianceA unique corporate move initiates donate organs