Author Archive
Sivasankaran venturing into mineral water business – buys 50% stake in Isklar
By Manoj Govindassamy at 11 March, 2010, 2:39 pm
C Sivasankaran (popularly known as Siva) is known for spotting business opportunities well ahead of time and way before others. Be it Telecom (launched Aircel in 1998) or realty or many other business verticals he was among the first few guys to enter the domain at right time, enhance the value of the business and [...]
Read More >>STel shuts down mobile services in Himachal, Bihar, Orissa – Chinese network equipments security breach ?
By Manoj Govindassamy at 10 March, 2010, 4:14 pm
S Tel Private Limited (S Tel) is a joint venture between Siva Group (formerly Sterling Infotech Group) and Bahrain Telecommunications Company (Batelco) and is the latest entrant in the India Telecom bandwagon. We spoke about the company here and about its tariff plans here .
S Tel has acquired Unified Access Services Licenses (UASL) and spectrum to [...]
OOH Media to power Ads on Mega Cabs – Advertisements on roads …
By Manoj Govindassamy at 9 March, 2010, 3:18 pm
Overall advertisements spendings are expected to shoot up by …OOH Media India Pvt Ltd., is one such media company ready to grab a bigger pie in the Advertisement sector. OOH, one of the “Out Of Home” advertising media is busy in partnering with many companies to expand its advertising spaces across India. . OOH Media has partnered with Mega Cabs, 24 hours A/C Radio taxi service. OOH Media will market advertising inventory for the fleet of 700 plus cabs pan India. Mega Cabs presently operates in Mumbai, Delhi, Kolkata, Chandigarh, Ludhiana, Amritsar and pioneers a computerized communication & dispatch system with GPS (Global Positioning System) based online tracking systems for licensed radio taxis…
Read More >>Fresh bidding for 2 new IPL team franchise – rules relaxed – Kareena Kapoor, Saif Ali Khan in bidding fray now
By Manoj Govindassamy at 8 March, 2010, 3:31 am
..strict rules made many of the above interested parties to back out. It was said that on March 8th the bidding tenders would be opened and the 2 new IPL team owners would be announced. But, it is heard that the IPL committee has received only 3 bids so far (they expected at least 20) and one was disqualified by late submission Bidders so far : 1. Saif Ali Khan + Kareena Kapoor + Karishma Kapoor + Videocon + Panchshil Group from Pune 2. Adani Enterprise 3. JP Group (bid disqualified citing late submission) …
Read More >>Who is buying 2 new IPL teams – Amitab Bachan, Adani, Muthoot Group, Hero Honda, Sharad Pawar ? – New Franchise teams for IPL 4
By Manoj Govindassamy at 6 March, 2010, 10:56 am
One of the richest cricket body in the world – IPL, is planning to increase the franchise teams from 8 to 10 for the next IPL season – IPL 4, 20111. The run away success story of IPL has made Indian Cricket Story an incredible one… IPL is aiming high with its 2 new teams and has proposed strict bid rules. Each new IPL team is base priced at USD 225 million (~ Rs. 1040 crores ). Yeah, in just 3 years, IPL team base price have multiplied by 3 times. Also, Bidder networth should be over $1 Billion (~ Rs. 4500 crores). Also, interested parties should submit a bank guarantee of Rs. 460 crores to participate in the bidding process…. only four bidders are in the race now for the 2 new teams are starred in the above list…
Read More >>Bookmyshow.com – Online IPL ticketing partner for Mumbai Indians, Kings XI Punjab and Delhi Daredevils – Buy DLF IPL tickets online
By Manoj Govindassamy at 5 March, 2010, 2:10 pm
Bookmyshow.com, today announced that they are the exclusive ticketing partner for the Mumbai Indians and Kings XI Punjab. They are also the official online ticketing partner for Delhi Daredevils. Tickets for cricket matches involving these teams can be booked online on www.bookmyshow.com, and also through a mobile application, WAP and through a common number across 10 cities in India. The tickets for Mumbai Indians will also be available for sale through select Reliance Fresh outlets and other retail chains. Tickets for KXIP will be available through select Reebok outlets and popular local joints in and around Chandigarh….
Read More >>Tanishq minting money – Titan Industries’ Gold mine
By Manoj Govindassamy at 5 March, 2010, 1:28 pm
Titan, as a brand, is better known for Watches for a long time. Titan Industries, a Tata group company, which owns this brand is the house for few other well known entities now. Tanishq, a jewellery retail is also under the same roof. Titan industries heads four business divisions …. Though Titan Industries started off as a Watch company, its the Jewellery retail unit now which is making the major contribution to the company’s profit. It seems, the contribution of Tanishq, in terms of its profit before tax is currently at 55% against ….
Read More >>High Speed Internet Infrastructure soon in India – BSNL sheds a new entity for Internet Infra
By Manoj Govindassamy at 4 March, 2010, 11:13 am
We know broadband penetration in India is bad. When many other countries are having average broadband speed at over 4 Mbps …There has been some initiatives from few players in the country to bump up the internet speed. One such is the Metro Ethernet Scheme of MTNL … over three years to lay a five lakh km optic fibre cable (OFC) network to reach every gram panchayat. Country’s Telecom Public Sector Unit (PSU), BSNL is shedding out an infrastructure company to implement this mega project and work with other PSUs like Power Grid Corporation of India (PGCIL) and RailTel. The venture will be supported financially by the Universal Services Obligations Fund..
Read More >>Fake Dome for new TamilNadu Assembly Building during opening ceremony – a 2 crore replica
By Manoj Govindassamy at 2 March, 2010, 3:00 pm
With just few more days to go for inauguration, the new assembly building is barely ready and the dome structure is totally unbuilt. The building designers seemed to have sacrificed few building structures just for making the dome nicely lighted and visible from all angles. But for the inauguration without the dome is a serious state issue 
, …. by erecting a complete fake dome just for the function day..The fake dome is raised by a well known art designer Thotta Tharani (is a popular art director in tamil cinemas and involved in many successful movies down south) at the cost of 2 crores. The dome, whose original construction is suppose to be done by a Bangalore based firm Geodesic for 25 crores is now being replicated with wooden planks and fake structures just for the inauguration day (WTF) …
Paypal resumes Bank withdrawal service in India – only for settlement of exports goods though!
By Manoj Govindassamy at 27 February, 2010, 3:59 pm
Three weeks back, Paypal operations in India got disrupted after RBI enforced registration and licensing rules on it. Paypal being one of the most widely used online payment system, free lancers and online earners in the country got affected by this unexpected disruptions of Paypal service. In fact, it was withdrawal service from paypal account to local bank account got disabled. The company responded back quickly and been working with RBI to sort out the issues and I received an email today saying my …. of goods and services though. Still, personal remittances to India is suspended and the company is working to get this resolved in another couple of weeks…
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