Future Ventures India has made Amar Chitra Katha its subsidiary, by buying shares from the current promoters. That may lead to new initiatives at ACK, with Future Ventures at the helm.
Balaji Telefilms’ sales rose by a modest 3% sequentially, but a 8% cut in programming costs helped it move from losses to profits in the December quarter.
Pearson to shell out Rs 577 crore for majority stake in Tutorvista. Will integrate own products with the company’s online tutoring model, to acquire new customers.
Reliance Broadcast Network has expanded its television channel presence, by acquiring Imagine Showbiz, which was earlier owned by Turner Broadcasting and Cinestar Advertising.
IDC decides to cover the fast growing Indian software and telecom market all by itself. Cyber Media will lose the IDC business but cover the sectors independently now.
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
State Bank of India’s reaction to the credit policy was swift, in a move which will see short term deposit rates spike and all loans will become expensive.
