One97, touted as India’s largest and most widely deployed telecom application platform company, has announced strengthening of its management team with the appointment of Sanjay Singh as Chief Technology Officer.
Kings XI Punjab on January 27, 2009, officially inaugurated its Season II of Indian Premier League (IPL) with the launch of the Kings XI Punjab Cup, a T-20 format game to be played between five teams from the Kings XI Punjab’s catchment area of Punjab, Haryana, Jammu and Kashmir, and Himachal Pradesh. The tournament will be conducted in Chandigarh and Mohali over a period of six days starting January 28 with the finals scheduled for February 2 at the PCA Stadium.
STAR India plans to sign up with a series of online platforms to make its popular content available on line and on-demand. As part of its plans, STAR has announced its tie-up with leading online video channel Nautanki.tv to bring their collection of channels to a wider audience on the Nautanki.tv platform.
Cyber Media India Ltd has reported a consolidated net profit of Rs 2.28 crore in the third quarter ended December 31, 2008, as against Rs 66.6 lakh in the corresponding quarter of FY08. Total income in Q3 rose marginally to Rs 29.45 crore as against Rs 29.29 crore in Q3 of FY08.
Sun TV Network has reported a 9.72 per cent rise in its Q3 net profit to Rs 112.24 crore as against Rs 102.3 crore in the corresponding quarter of FY08. Total income for the quarter ended December 31, 2008 was up 23 per cent at Rs 285.27 crore.
Yet another media company bucking the slowdown trend is UTV Software Communications Ltd. UTV has reported a 29 per cent jump in its Q3 net profit to Rs 29.9 crore as against Rs 23.1 crore in the corresponding quarter of FY08. The total operating revenues for the period also rose 30 per cent to Rs 16.02 crore from Rs 12.35 crore.
Bangalore-based Temple Advertising has been assigned the creative mandate for electric car Reva following a formal pitch involving 3-4 agencies. The size of the business is approximately Rs 4 crore. Reva has seen sporadic advertising in the past. At one point of time, Rediffusion Y&R Bangalore used to handle the business.
The Young Communications Entrepreneur Award (YXE) is the latest in the British Council’s series of programmes aimed at supporting young entrepreneurs working in the creative industries in developing markets. The winners will get a chance to attend events organised by D&AD.
As the market tanked during the dark days of October last year, plumbing new depths almost daily, the fear factor overrode everything else. While P Chidambaram would try to assuage the investor community, the great bear of 2008, Shankar Sharma, would make a mockery of all that. But, should the oracle be believed, asks veteran journalist <b>Sandeep Bamzai. </b>
Pallav Moitra has put in his papers at Paprika Media as CEO. He had joined Paprika Media, the media arm of the Essar Group, as CEO in November 2007, replacing Mahendra Swarup. With this he moves back to Delhi, but his next destination couldn’t be ascertained.
Contrary to industry speculations, BCCL officials have stated that the company has “not invested in any form” in NDTV MetroNation. Even as NDTV MetroNation officials were not available for comments, it is understood that MetroNation had approached both Hindustan Times and BCCL for investments in this city-centric channel business from the company.