News Roundup: BookmyShow is the official ticketing partner for IPL5, Aakash Tablet gets Rs 765 crore in Budget 2012

You can book IPL5 tickets online on Bookmyshow, which is the official ticketing partner for Mumbai Indians, Kings XI Punjab, Rajasthan Royals, Pune Warriors and Delhi Daredevils. Tickets for Mumbai Indians, Rajasthan Royals and Kings XI Punjab home ground matches are available on BookMyShow right now. Customers can also view details like seating arrangement, venue, offers, players’ information, ticketing outlets, delivery tracking of tickets one can also purchase the official teams merchandise.

Apart from being the official ticketing partner for the teams, will also provide Mumbai Indians, Kings XI Punjab and Rajasthan Royals, Pune Warriors and Delhi Daredevils with a comprehensive ticketing solution which would encompass Strategy & Planning, Ticket Printing with Security Features, Online Sales, Ground Sales, Home Delivery, Inventory Management, Stock Distribution, Cash Collection, Corporate & Package sales, Online Marketing, Gate Entry Validation and Management and Reconciliation (post event).

Aakash tablet gets Rs 765 crore in Budget 2012

The world’s cheapest tablet project has been allocated about Rs 765 crore in Budget 2012-13, which is likely to trigger the second phase of the project expected to begin in April, even as the first phase is stuck in a deadlock. The allocation for Aakash has been made under the National Mission for Education through ICT of Ministry of Human Resource and Development. The mission had launched the low-cost tablet project, last year. [The Economic Times]

US-based Symmetricom’s India arm to supply 4G gear to Indian telcos

US-based Symmetricom’s India arm will supply fourth-generation or 4G equipment worth $20 million to Indian telecom companies that won permits to offer wireless broadband services [source]

Tech Mahindra, Satyam merger ratio fixed at 2:17

The boards of Mahindra Satyam and Tech Mahindra on Wednesday approved the merger of the two companies. This paves the way for the creation of India’s fifth largest software services company by market cap, with revenues of $2.5 billion (Rs 12,500 crore). “We will be in the category of the big boys,” said Mr Vineet Nayyar, Vice-Chairman and Managing Director, Tech Mahindra, at a news conference on Tuesday.

TRAI proposal to cut ad time irks TV channels

The Telecom Regulatory Authority of India (TRAI) has taken note of viewer irritation and has come up with a proposal to regulate the duration, frequency, timing and audio levels of advertisements. Mr Paritosh Joshi, CEO, Star CJ and Director, Indian Broadcasting Federation, said, “TRAI has no business to meddle with the duration of ads. The objective of each channel is to make profits and it should work on the principles of free market.” TV channels get 60 per cent of their revenues comes from advertising.[source]

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