Anil Ambani Group’s Reliance Communications has given up on reaching a debt resolution plan acceptable to all its lenders and has decided to start bankruptcy proceedings at the Mumbai National Company Law Appellate Tribunal. The original plan, unveiled in 2017, envisaged a step-by-step asset sale process through which the company planned to raise tens of […]
As muted consumer sentiments continued in January 2019, Tata Motors Commercial and Passenger Vehicles Business sales in the domestic market witnessed a drop of 8% at 54,915 units as against 59,441 units sold over last year. The cumulative sales for the domestic market (April 2018 -January 2019) grew by 21% with 552,887 units as compared […]
Zee Media, the news broadcasting arm of Zee Group, has invited analysts for a conference call on Monday to discuss what it called “business related affairs” of the company. The call will be from 12:30 PM to 1:00 PM. No other details was revealed about what the subject of the call would be. The intimation […]
Zee Entertainment Enterprises Ltd, the country’s largest listed media company, confirmed that its promoter is in talks to sell a part of its stake in the company, but also said that the talks are still ongoing. “Promoters have been in discussions/negotiations with various prospective investors,” the broadcasting company said. “The Company is not in a […]
Telecom Disputes Settlement and Appellate Tribunal, the appellate body for resolving industry disputes in the telecom and broadcasting sector, today refused to expeditiously direct the TRAI to implement the 85:100 rule to bring down the prices of individual television channels. TDSAT refused an early hearing in a case filed by cable operator Fastway Transmissions, which […]
The Calcutta High Court has vacated the stay it imposed on the implementation of the new tariff scheme by TRAI, even as it gave extra time for cable operators to negotiate a deal with their feed suppliers. The stay was imposed two days ago after cable operators said that the new rules would hurt them […]
The Calcutta High Court said it will decide whether to lift its stay on the implementation of TRAI’s new TV channel regulations on Thursday after ascertaining if cable operators genuinely have a right and wherewithal to negotiate with their feed providers. The court came to this conclusion after the TRAI disputed the complaint given by […]
The country seems to be all set for the implementation of a new pricing regime for cable and DTH services from Friday, with Delhi High Court posting the next date in the Tata Sky vs TRAI case without any stay order on the implementation of the 2017 tariff order. Tata Sky, Bharti Airtel and Discovery […]
Airtel Africa Ltd, the holding company of Bharti Airtel’s Africa operations, said Qatar Investment Authority, the sovereign wealth fund of Qatar, has agreed to invest USD 200 million through a primary equity issuance in the company. The proceeds will be used to further reduce Airtel Africa’s existing net debt, it said. The investment from QIA […]
The Bombay High Court refused to stay the 2017 TV channel tariff order by TRAI in a case filed by the Pune Cable Operators’ Association. The new tariff scheme is scheduled to come into operation from Friday across the country, except in West Bengal. The Pune Cable Operators’ Association tried to get a stay today […]
Calcutta High Court will hear at 2 PM today an application by broadcast and telecom regulator TRAI seeking a vacation of the stay imposed on the roll-out of the new tariff system from Feb 1. The High Court had yesterday imposed a stay on the implementation of the tariff order after cable operators in Kolkata […]
With only 36 hours to go for TRAI’s deadline to implement new tariff plans for cable and DTH platforms in India, all DTH providers and most cable users are faced with the dilemma of how to choose the channels and packs they are going to watch in the new regime. The new system was supposed […]
Indian pharmaceuticals manufacturer Dr Reddy’s Laboratories Ltd said the US FDA has issued a Form 483 after auditing its Miryalaguda plant in Telangana. A Form 483 is issued when inspectors notice discrepancies in the policies and practices followed in a manufacturing facility vis-a-vis the good manufacturing practices laid down by the US drug regulator. Companies […]
With Sun Direct offering zero incremental network charge on all its channels, including free, paid and HD, market leader Tata Sky too is offering waive network charges, but only on select channels. As reported earlier, Sun Direct is offering all its channels without network charges, provided the user pays the minimum amount of Rs 130 […]
ONGC Ltd will redraw its long-term roadmap in coming days to bring it in line with the changed operating realities of the company, the state-owned company’s chairman and managing director Shashi Shanker said. The company’s current vision document, known as Perspective Plan 2030, was drawn up seven years ago and laid out the company’s long […]
Pharmaceutical company Lupin said that the US food and Drug administration has issued six observations after an inspection at its Pithampur manufacturing unit. The inspection was conducted between 14th and 25th January said the company. All companies are supposed to observe good manufacturing practices issued by the US FDA when producing food and drugs meant […]
Sun Direct, the smallest of the six DTH players in India, has bowled a googly at its rivals like Tata Sky and D2h by offering all its channels at a network charge of Rs 154 only. In comparison, other DTH and cable firms give only the first 100 channels for Rs 154. In other words, […]
Booking has started for the 550 flats at Swaminarayan City, a 148-acre complex built around the upcoming Swaminarayan temple in the Mumbai suburb of Dombivali, real estate consultant ANAROCK said. Built by the Swaminarayan religious group via Swaminarayan Life Space LLP, the project will primarily cater to devotees of Swaminarayan, the 19th century ascetic with […]
Tata Sky, India’s second largest DTH provider, has canceled all the long-duration packs it was offering to consumers and will move the users to monthly packs. This applies to all its users, including those who purchased long-duration packs this week. Many users had got special offers on long-term recharges, such as those that are valid […]
Telecom Regulatory Authority of India has urged consumers not to fall for rumors about any extension of the deadline for the implementation of the new tariff scheme for TV channels, and asked them to shift to the new packs as soon as possible. The regulator also shot off letters to all broadcasters, cable operators and […]
