1. Indian firm, Anil Ambani’s Reliance Big Entertainment (RBE) has signed deals to provide development funds to eight leading creative forces in Hollywood. The production houses include Jim Carrey’s JC 23 Entertainment, Chris Columbus’s 1492 Pictures, Brad Pitt’s Plan B Entertainment, etc.
2. Cobra Beer may be put on block. The Beer empire began in 1989 and has significant market share in UK and India. The company’s revenue is expected to be 44.4 million pounds and is expected to touch 100 million pounds by 2009.
3. HSBC Holdings plans to buy 73.2% of IL&FS Investsmart, a Indian brokerage firm for US$235million. India presents a huge scope for its large savings to be invested in equities, debt and commodities.
4. Bureau of Indian Standards (BIS) hallmark to set diamond purity grade for polished diamonds. The BIS has established Indian Standards (IS-15766) on grading of the polished diamonds.
5. Reliance Communications announced the roadmap for Direct-to-home (DTH) services across 4,000 towns in the next few weeks. Unlike the other service providers, Rel Comm is deploying stat-of-the-art Mpeg4 technology.
6. The Global Voluntary Carbon market (VERs) has tripled in size to US$331million in 2007. Asia’s share of carbon projects increased to 39% in 2007 from 22% in 2006.
7. Bharti Airtel is set to launch mobile services in Sri Lanka this year.
8. Reliance Industries Limited (RIL) plans to supply CNG for automobiles and households. RIL recently closed its petro retail outlets all over the country.
9. Software piracy cost Indian software industry US$2 billion of revenue in 2007.
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