Reliance Media World, part of the Reliance Anil Dhirubhai Ambani Group, will make its debut at the National Stock Exchange and the Bombay Stock Exchange Friday, the company said in a statement.
The company runs businesses like leading radio station BIG 92.7 FM, out of home media business BIG Street, digital content provider BIG Digital, and BIG Reach -- the activation division.
"The radio division of Reliance MediaWorks Ltd has been demerged into Reliance Media World," the tatement said.
"The shareholders of Reliance MediaWorks have already been allotted one equity share of Reliance Media World for every one equity share held. The promoter shareholding is at 61.47 percent," it added.
Said Reliance Media chief executive Tarun Katial: "The main purpose of the listing is to unlock shareholder value."
Thursday, December 3, 2009
Unitech Wireless to offer more schemes post-Christmas
Mobile telephony operator Unitech Wireless that has launched services under the Uninor brand across seven circles with uniform tariff plans, may offer more options post-Christmas, said a senior company official here Thursday.
"Based on the market feedback we get starting tomorrow, we may offer other schemes," said Unitech Wireless (Tamil Nadu) managing director Stein Erik Vellan.
"To start with, we have launched the services in seven circles with two uniform tariff plans," Vellan told IANS after the launch of the company's services in Tamil Nadu.
The company is offering two schemes -- Talkmore (local calls at 29 paise per minute, STD at 49 paise per minute with a minimum charge of 39 paise), and Callmore (local calls at 29 paise per minute, STD at 49 paise per minute and a daily rental of Rs.2).
According to Vellan, the two prepaid tariff plans with a call charge and call set up charge will not confuse the subscribers.
"The per second billing has lost its sheen. The ARPU (average revenue per user) of telephone companies are going down. For a large number of users, current prices, including per second pricing are in reality much more expensive," he said.
For those who make a minimum of four calls per day, Unitech Wireless will work out economical, Vellan argued.
The company will charge 99 paise per SMS and plans to offer value added services (VAS) some time next year.
On the marketing strategy, he said there were five company-owned retail outlets, 164 distributors and 45,000 points of sale across the Tamil Nadu and Kerala.
The company has 3,125 base stations, of which 60 percent are shared and the remaining, which are anchor stations, have been outsourced.
"Based on the market feedback we get starting tomorrow, we may offer other schemes," said Unitech Wireless (Tamil Nadu) managing director Stein Erik Vellan.
"To start with, we have launched the services in seven circles with two uniform tariff plans," Vellan told IANS after the launch of the company's services in Tamil Nadu.
The company is offering two schemes -- Talkmore (local calls at 29 paise per minute, STD at 49 paise per minute with a minimum charge of 39 paise), and Callmore (local calls at 29 paise per minute, STD at 49 paise per minute and a daily rental of Rs.2).
According to Vellan, the two prepaid tariff plans with a call charge and call set up charge will not confuse the subscribers.
"The per second billing has lost its sheen. The ARPU (average revenue per user) of telephone companies are going down. For a large number of users, current prices, including per second pricing are in reality much more expensive," he said.
For those who make a minimum of four calls per day, Unitech Wireless will work out economical, Vellan argued.
The company will charge 99 paise per SMS and plans to offer value added services (VAS) some time next year.
On the marketing strategy, he said there were five company-owned retail outlets, 164 distributors and 45,000 points of sale across the Tamil Nadu and Kerala.
The company has 3,125 base stations, of which 60 percent are shared and the remaining, which are anchor stations, have been outsourced.
Acquisition plans still on hold: Bharti
Telecom giant Bharti Airtel Thursday said its overseas acquisition plans were still on hold.
"There is no change in acquisition plans (as of now)," Bharti Airtel chief executive Manoj Kohli told reporters here on the sidelines of a telecom summit.
Earlier this year, it had held merger talks with South African telecom major MTN group, but the $23-billion deal did not materialise due to regulatory hurdles.
Kohli also said there was not much change in the number of subscribers in November.
"We have had very stable growth despite new competition."
Bharti added 2.7 million mobile-phone subscribers in October, while the November figures are yet to be announced.
Asked whether there is any scope of further reduction in tariff, Kohli said: "India's affordability is best. It should (only) come free from high tax burden."
He also said sectoral regulator Telecom Regulatory Authority of India (TRAI), should look at "predatory pricing" -- the practice of selling a product or service at a very low price.
The telecom sector is witnessing a tariff war as all major operators have cut rates drastically to remain competent in the market.
Recently, leading service providers, including Bharti Airtel, launched per-second billing plan under which subscribers would be allowed to make call for one paisa per minute.
State-run telecom major Bharat Sanchar Nigam Ltd's (BSNL) chairman and managing director Kuldeep Goyal had Wednesday warned that the price war would hit the profitability of the company.
"Of course, some hit on the revenue would be there," he told reporters in New Delhi.
However, telecom operators hope that the expected volume growth would make up for any reduction in revenues.
"There is no change in acquisition plans (as of now)," Bharti Airtel chief executive Manoj Kohli told reporters here on the sidelines of a telecom summit.
Earlier this year, it had held merger talks with South African telecom major MTN group, but the $23-billion deal did not materialise due to regulatory hurdles.
Kohli also said there was not much change in the number of subscribers in November.
"We have had very stable growth despite new competition."
Bharti added 2.7 million mobile-phone subscribers in October, while the November figures are yet to be announced.
Asked whether there is any scope of further reduction in tariff, Kohli said: "India's affordability is best. It should (only) come free from high tax burden."
He also said sectoral regulator Telecom Regulatory Authority of India (TRAI), should look at "predatory pricing" -- the practice of selling a product or service at a very low price.
The telecom sector is witnessing a tariff war as all major operators have cut rates drastically to remain competent in the market.
Recently, leading service providers, including Bharti Airtel, launched per-second billing plan under which subscribers would be allowed to make call for one paisa per minute.
State-run telecom major Bharat Sanchar Nigam Ltd's (BSNL) chairman and managing director Kuldeep Goyal had Wednesday warned that the price war would hit the profitability of the company.
"Of course, some hit on the revenue would be there," he told reporters in New Delhi.
However, telecom operators hope that the expected volume growth would make up for any reduction in revenues.
Older but naughtier: Shah Rukh plays old man in ad
You've seen him as an action hero and playing the lover boy, and now you will see superstar Shah Rukh Khan play a septuagenarian in a new Dish TV ad.
"I love doing the role of an old man and that too in a very romantic manner," Shah Rukh said tongue in cheek during a video-conferencing session here Thursday from Mumbai. He is the brand ambassador of Dish TV.
Conceptualised by adman-turned-lyricist Prasoon Joshi, the ad has been directed by Anurag Basu.
"I enjoy doing ads because it is a great way of storytelling in 30 seconds and the best way of emoting," said Shah Rukh.
The actor was speaking during the unveiling of Dish TV's new brand identity campaign "Ghar Aayi Zindagi" and its new logo. Also starring Tanvi Azmi, the ad will hit the small screen Dec 6.
"I love doing the role of an old man and that too in a very romantic manner," Shah Rukh said tongue in cheek during a video-conferencing session here Thursday from Mumbai. He is the brand ambassador of Dish TV.
Conceptualised by adman-turned-lyricist Prasoon Joshi, the ad has been directed by Anurag Basu.
"I enjoy doing ads because it is a great way of storytelling in 30 seconds and the best way of emoting," said Shah Rukh.
The actor was speaking during the unveiling of Dish TV's new brand identity campaign "Ghar Aayi Zindagi" and its new logo. Also starring Tanvi Azmi, the ad will hit the small screen Dec 6.
Tuesday, December 1, 2009
GM India November sales up 65 percent
The Indian arm of the US-based auto giant General Motors has reported a 65 percent jump in its November sales as compared to the corresponding month last year.
General Motors India sold 7,118 units last month as against 4,307 units in November 2008, the company said in a regulatory statement.
The auto industry saw a slowdown last year due to the global financial crisis, but the stimulus packages announced by the government helped the sector return to growth.
The November sales include 4,202 units of the Chevrolet Spark, 1,264 units of Chevrolet Tavera and 524 units of Aveo U-Va, the company said in a statement Tuesday.
It also sold 412 Aveo models, 518 units of Chevrolet Cruze, 114 units of Chevrolet Optra and 84 Chevrolet Captivas.
On month-on-month basis, the November sales dipped a marginal 3.97 percent from 7,413 units sold in October this year.
The company said it would appoint more dealers and authorised service outlets in urban, semi-urban and other cities to widen its network.
It has also entered into financing arrangements with some public and private sector banks to offer low EMI (equated monthly instalment) schemes to its customers.
General Motors India sold 7,118 units last month as against 4,307 units in November 2008, the company said in a regulatory statement.
The auto industry saw a slowdown last year due to the global financial crisis, but the stimulus packages announced by the government helped the sector return to growth.
The November sales include 4,202 units of the Chevrolet Spark, 1,264 units of Chevrolet Tavera and 524 units of Aveo U-Va, the company said in a statement Tuesday.
It also sold 412 Aveo models, 518 units of Chevrolet Cruze, 114 units of Chevrolet Optra and 84 Chevrolet Captivas.
On month-on-month basis, the November sales dipped a marginal 3.97 percent from 7,413 units sold in October this year.
The company said it would appoint more dealers and authorised service outlets in urban, semi-urban and other cities to widen its network.
It has also entered into financing arrangements with some public and private sector banks to offer low EMI (equated monthly instalment) schemes to its customers.
Big Cinemas opens 15th multiplex in Malaysia
Big Cinemas Lotus Five Star, a joint venture between Reliance MediaWorks Ltd and Lotus Five Star group, inaugurated its 15th multiplex in Malaysia Tuesday.
Housing six screens with a seating capacity of 1,000, the multiplex has been opened in Kulim town of the Kedah state of the country. It would screen Hollywood, Chinese, Indian and Malay movies.
"This expansion underscores our attempts to build scale, quality, innovation and pioneering formats which improve the movie going experience for audiences the world over," Anil Arjun, CEO, Reliance MediaWorks Ltd said in a statement.
"There is a great opportunity in exhibition infrastructure worldwide... while domestic expansion continues to be an area of thrust for us, we are also fully committed to expanding our global footprint," he added.
Big Cinemas Lotus Five Star owns 15 properties that amount to 72 screens across 15 cities in Malaysia.
The new property also escalates Big cinemas' global footprint to 500 spread across India, the US, Malaysia and the Netherlands. It also makes the company the third-largest cinema chain in Malaysia.
With a domestic presence across 115 cities, Big cinemas has an international network of over 260 screens across 40 cities.
Housing six screens with a seating capacity of 1,000, the multiplex has been opened in Kulim town of the Kedah state of the country. It would screen Hollywood, Chinese, Indian and Malay movies.
"This expansion underscores our attempts to build scale, quality, innovation and pioneering formats which improve the movie going experience for audiences the world over," Anil Arjun, CEO, Reliance MediaWorks Ltd said in a statement.
"There is a great opportunity in exhibition infrastructure worldwide... while domestic expansion continues to be an area of thrust for us, we are also fully committed to expanding our global footprint," he added.
Big Cinemas Lotus Five Star owns 15 properties that amount to 72 screens across 15 cities in Malaysia.
The new property also escalates Big cinemas' global footprint to 500 spread across India, the US, Malaysia and the Netherlands. It also makes the company the third-largest cinema chain in Malaysia.
With a domestic presence across 115 cities, Big cinemas has an international network of over 260 screens across 40 cities.
Kerala Voyages launches backwater packages
Tour operator Kerala Voyages Tuesday launched travel packages centred on the state's backwaters which have been recently rated as the world's 23rd best destination by National Geographic.
The tour company said it has launched three special packages -- a village backwater cruise in Poothotta, a village exploration tour in Kumbalanghi (both in Ernakulam district) and a houseboat ride in Alleppey.
Travel magazine National Geographic Traveller in its latest issue has selected the placid backwaters of Kerala as one of the 133 "World's Greatest Places".
All three programmes provide the tourists an exclusive opportunity to experience the serene and pristine backwater life in Kerala villages, the tour operator said.
"We have taken extra care on cleanliness and hygiene and preserving the environment is always a top priority," Kerala Voyages managing director George Scaria said.
"We use the best category house boats and eco-friendly resorts to promote these programmes. An online chat facility is also there on our website to enable travellers to talk to our experts and plan the tour with the best possible options," he added.
The tour company said it has launched three special packages -- a village backwater cruise in Poothotta, a village exploration tour in Kumbalanghi (both in Ernakulam district) and a houseboat ride in Alleppey.
Travel magazine National Geographic Traveller in its latest issue has selected the placid backwaters of Kerala as one of the 133 "World's Greatest Places".
All three programmes provide the tourists an exclusive opportunity to experience the serene and pristine backwater life in Kerala villages, the tour operator said.
"We have taken extra care on cleanliness and hygiene and preserving the environment is always a top priority," Kerala Voyages managing director George Scaria said.
"We use the best category house boats and eco-friendly resorts to promote these programmes. An online chat facility is also there on our website to enable travellers to talk to our experts and plan the tour with the best possible options," he added.
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