News: Indians on a Travel Spree, Etislat in talks to acquire 25% stake in Reliance

Vodafone Launches Mobile Box Office in New Avatar

Vodafone Mobile Box Office enables subscribers to listen to the storyline, trivia, dialogues & songs of their favorite movies at their convenience. Every week subscribers can choose from a catalogue of over 50 movies across 7 movie industries. Subscribers also have the options to download a Caller tune and Ringtone and dedicate songs to his/her friend.

  • Entertaining Movie Capsules with storyline, trivia, dialogues & songs of popular movies
  • Choose from a catalogue of 50 movies across 7 movie Industries every week
  • Content Language Selector allows access to movies across 6 languages such as Hindi, Marathi, Tamil, Telegu, Malyalam and Bhojpuri.
  • Listen to exciting "Movie of the Day"  trailers
  • Download caller tunes, ringtones and also dedicate songs to your  friends

Visitation to Travel Sites in India Surges 50 Percent in Past Year

As per Comscore report, traffic to the Travel category grew to more than 14 million visitors in April, an increase of 50 percent from the previous year, as a growing number of Indians turned to the convenience of the Web in search of travel deals and accommodations.

Travel Sites Reach 37 Percent of Online Population in India

Approximately 14 million people age 15 and older visited Travel sites in India from a home or work location in April, representing 37 percent of the total online population and an increase of 50 percent from the previous year. With rail transit one of the most prevalent means of traveling through the country, Indian Railways ranked as the most-visited Travel site with 7.7 million visitors, up 46 percent versus year ago.

Travel-booking site MakeMyTrip ranked second with 2.4 million visitors (up 39 percent) followed by Yatra Online with 1.9 million visitors (up 60 percent). Several sites experienced triple-digit growth including Travelocity (up 134 percent to 812,000 visitors), IndiaRailInfo.com (up 340 percent to 647,000 visitors) and eRail.in (up 160 percent to 464,000 visitors). – more

Etislat: Reliance Communication

Etislat is in talks with Reliance Communication to acquire 25% stake in the company.

After acquiring 25% in the company, Etisalat will make an open offer to acquire an additional 20% stake from the public. Currently, 67.58% equity in Reliance Communications is owned by Anil Ambani and the rest by public and institutional investors.

If the proposed deal is completed, the company’s paid-up capital will expand by 25%, which will bring down Anil Ambani’s stake to around 55%. The negotiations are at an advanced stage for the deal, which would be worth around Rs 18,000 crore – source

Interesting that Mukesh Ambani is planning a foray in telecom space.

National Broadband Plan

US government will collaborate with India in evolving a National Broadband Plan.

The group comprised top Government executives and representatives from businesses. β€œThe Government set aside $7-billion announced as part of the stimulus package for creating awareness about the benefits of broadband usage and the US Congress asked the Federal Communication Commission (FCC) to work for a national broadband plan. It came out with hundreds of recommendations. – Source

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