Jaagran Prakashan has acquired Mid-day newspaper for an estimated Rs. 175 Cr. As per the deal, Mid-day Multimedia shareholders will receive two shares of JPL for every seven shares of MML held (swap ratio of 7:2) [more].
3G Auction – Day 22
Bid for PAN India auction has crossed Rs. 11,000 Crores. The auction will get over in the next 2-3 days ensuring Rs. 44,500 Crore of revenues for the government. Mumbai leads the race (Rs. 1,909.18 Crore), followed by Delhi (Rs. 1,845.11 Crore).[pdf]
Uninor Launches Talk Unlimited Plan
The pricing war is on and after Uninor launched its discount based on congestion level , the company has now announced Uninor Talk Unlimited plan that enables subscribers to make unlimited calls for an affordable fixed monthly charges.
Best suited for those who use their phone extensively for work – the Talk Unlimited plan offers unlimited calls, from Uninor to any network, for Rs. 198 per month. For businessmen and young executives this is freedom from recharge worries and freedom from the watch.[more]
Reliance BIG TV Launches HD-ready set top boxes
Reliance BIG TV has launched HD ready STBs, the immediate force being Government’s announcement of telecasting the CommonWealthGames in HD format [source].
Infomedia18 sells its publishing content services business, Glyph International