BackNeed to Know | ESPN submits modified offer for DTH operators
Need to Know | ESPN submits modified offer for DTH operators
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New Delhi: Sports broadcaster ESPN has submitted a modified reference interconnect offer (RIO) for direct-to-home (DTH) operators to the Telecom Regulatory Authority of India (Trai), following an order from the Delhi high court.
The sports broadcaster informed the court that it has amended its RIO and submitted a copy to the regulator.
Last week, admitting Trai’s contempt petition, the court had threatened ESPN with criminal prosecution if it failed to comply with Trai’s tariff directions.
—PTI
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CERC to announce new tariff regulations today
New Delhi: After being delayed for a long time, the new electricity tariff regulation for 2009-2014 is likely to be announced on Monday. “The new tariff regulation to be applicable for five years, will be announced on Monday (19 January) and can be accessed on our website," power regulator CERC chairman Pramod Deo said.
—PTI
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Nuclear forgings: Bhel to tie up with Sheffield
New Delhi: State-run power equipment maker Bharat Heavy Electricals Ltd (Bhel) is set to form a joint venture (JV) with UK-based Sheffield (Forgemasters) International Ltd to manufacture nuclear forgings.
The JV is expected to be on a technology transfer basis and Bhel would buy the technology from the foreign firm.
—PTI
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Bharti Airtel to launch IPTV services
New Delhi: Soon after launching direct-to-home (DTH) cable operations, Bharti Airtel Ltd is all set to start IPTV (Internet Protocol on Television) services, popularly known as triple play (voice, data and video) in the country. According to persons close to the development, Airtel may announce the launch of services in the next one or two days. IPTV refers to TV delivered through broadband. Besides Airtel, other telecom operators such as MTNL, RCom and HFCL have already started IPTV services in the country.
—PTI
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US court upholds CFA claim over ICFAI
Washington: The Chartered Financial Analyst Institute has said that a US federal court has ruled in its favour by upholding the 1998 injunction which prohibited the Institute of Chartered Financial Analysts of India (ICFAI) from using the trademarks similar to that of the CFA.
In 2006, ICFAI challenged the 1998 injunction alleging that the US federal district court judge did not have personal jurisdiction over ICFAI at the time of the original judgement.
The three-judge panel of the 4th circuit court of appeals ruled that in fact, the district court judge did have jurisdiction over ICFAI since it “purposefully transacted business" with CFA Institute in Virginia, said a CFA statement. “As a result, ICFAI is required to abide by the 1998 injunction and its 1995 agreement to stop using CFA Institute trademarks and confusingly similar trademarks in the US and Canada," it said.
—PTI
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Nalco may pick majority stakes in Indonesian cos
New Delhi: State-owned National Aluminium Co. Ltd (Nalco) is close to picking up majority stakes in two Indonesian mining firms at an estimated investment of Rs300 crore.
The deal, likely to be clinched in four months, would allow Nalco to get ownership of coal blocks with an estimated reserves of at least 300 million tonnes, a top official of the company said.
“We have identified a 300 million tonnes coal block in Indonesia. Once bought, we will be able to use it for our proposed smelter in Indonesia and also import it to India," Nalco chairman and managing director C.R. Pradhan said.
—PTI
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Jaiprakash Associates’ Q3 profit after tax up 6%
New Delhi: Infrastructure conglomerate Jaypee group flagship firm, Jaiprakash Associates Ltd, has reported a 6% increase in profit after tax for the quarter ended 31 December, at Rs165.51 crore as against Rs155.8 crore in the same period previous year. Total income in the quarter rose 44.49% at Rs1,447.12 crore against Rs1,001.57 crore in the corresponding period last year.
—PTI
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