Date-wise News

Interpublic, the advertising and sports marketing giant that over the past two years fell victim to the catastrophic slump in both sectors, today finally sold legendary motor sports circuit Brands Hatch but said it remained committed to Silverstone and the British grand prix. Brands Hatch and three smaller motor racing circuits at Oulton Park, Cadwell Park and Snetterton have been sold to a new company called MotorSport Vision for an undisclosed sum.

exchange4media Staff Feb 7, 2004 7:30 AM

Business process outsourcing sector in India will grow by at least 60 per cent during 2004, IT tracking firm Giga said in a report. Given the cost benefits and the early successes that Fortune-class companies have had with Indian IT-enabled service outsourcing, this market will grow dramatically during the next several years, Giga analyst Stephanie Moore said.

exchange4media Staff Feb 7, 2004 7:30 AM

As many as 1.59 million additional subscribers have taken fresh mobile connections during January 2004, taking the total cellular subscriber base to 29.77 million across the country. As per the latest statistics released by the COAI and ABTO, while the aggregate GSM cellular subscriber base has been placed at 23.36 million, the CDMA subscriber figure is lower at 6.41 million.

exchange4media Staff Feb 7, 2004 7:29 AM

To raise public awareness about environment, Earth Communications Office – India Association, a registered NGO, aims to involve committed citizens drawn from the media and entertainment industry. A nationwide contest for a commercial based on the theme ‘Conserve Water’ forms part of the initiative.

exchange4media Staff Feb 7, 2004 7:28 AM

The Rs 7,800-crore Hero Motors Group plans to introduce three new models with the technical know-how from Italian two-wheeler giant Aprilia Spa. The models will be introduced in the premium segment in the domestic market. Aprilia is the second largest manufacturer of scooters and motorcycles in Europe with an annual turnover of over 800 million euro.

exchange4media Staff Feb 7, 2004 7:28 AM

The biggest non story for the TV world last year was the non implementation of Conditional Access System (CAS). It is an accepted fact that Indian TV's Tryst with technology though is inevitable and imminent. A brief overview then of how addressability systems are set to change and how this impacts all of the major stakeholders - the viewer, the broadcaster, the multi system operator & the last mile operator is warranted.

exchange4media Staff Feb 7, 2004 7:27 AM

New Delhi and Beijing have called it a “historic moment” after agreeing in-principle to go in for a co-production deal in the film and entertainment sector. China is exploring cooperation in films, besides cartoon/ animation, entertainment programmes and documentaries on TV. The two sides also agreed to have film festivals in each other’s countries. Both CII and Ficci would be involved in the Indo-China entertainment sector cooperation.

exchange4media Staff Feb 7, 2004 7:25 AM

The Tata Group, which is into sports sponsorship in a big way, ranging from tennis to participants of Formula One racing, has trained its sights on hockey. Testimony to this is the ongoing India-Holland Test series for the Naval Tata Trophy.

exchange4media Staff Feb 7, 2004 7:24 AM

CNBC-TV18 today announced the launch of Awaaz: India Alive, a bilingual series that focuses on business in the small towns, mini metros, away from the metros, and in the heartland of India. Awaaz: India Alive premieres today at 6:30 hrs and will play at the same time every weekend. The show will also air on Sundays at 20:00 hrs.

exchange4media Staff Feb 7, 2004 7:24 AM

The strategy to prioritise 30-odd power brands combined with improved operational efficiencies to give GlaxoSmithKline Pharmaceuticals Ltd (GSKPL) a 42 per cent growth in net profit, at Rs 182 crore, for the year ended 2003. While total sales registered a growth of 3.8 per cent, pharmaceuticals grew by 5.8 per cent over last year. The pharmaceuticals business segment, at Rs 971 crore, constitutes about 81 per cent of total sales.

exchange4media Staff Feb 7, 2004 7:23 AM

ZEE Telefilms Ltd (ZTL) has announced that it plans to carry out a debt restructuring programme to reduce its overall debt burden. Currently, ZTL has an outstanding debt position of Rs 500 crore. The company said it is exploring the possibilities to raise low-cost financing for some of the projects in hand and for its capital expenditure plans.

exchange4media Staff Feb 7, 2004 7:22 AM