Australia based Indian technology gossip site, TechGoss is offering 5K for the first, exclusive photos of Mark Zuckerberg in India. And another Rs. 5000 for a detailed story on his stay in India. The sender’s anonymity is guaranteed. The Facebook founder is apparently visiting India at present and not much is known about his plans, or the reason for his coming here. As the Techgoss article points out, Facebook has to probably deal with a completely different Goliath in India – Orkut, whicj has a very limited reach in the US. Top 10 countries for Facebook are USA, UK, Canada, Turkey, Australia, France, Sweden, Norway, Columbia and South Africa.
In all probabilities, this has to do with the impending launch of Facebook India, close on the heels of the launch of YouTube India. Can’t think of any acquisition moves here – the homegrown Indian SNS sites are unlikely to be having any M&A appeal to Facebook.
So all you Indian Facebook junkies- this is a chance to earn a few quick bucks! And yes, no photoshopping allowed! Otherwise Techgoss is likely to get inundated with tons of photos of the Facebook wizkid standing next to the Taj Mahal, India Gate, Gateway of India….
Here’s something I did for fun….
DJ… you owe me 5K for my photoshoping skills…
Update: My photoshopping skills are not bad after all. Valleywag, the gossip website seems to have linked to the spoof …
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Wow! A little photoshopping goes a long way!
IPTV News – Videocon’s Dhoots look to snap up IOL Netcom owned By Ashish Deora
The Dhoot family, the promoters of Videocon Group, has bought 14% equity in IOL Netcom owned by Ashish deora, a Mumbai-based broadband company, from the open market transaction is being perceived by the industry as a take over bid.
In the last two months, Shree Dhoot Trading & Agencies Ltd, an investment company of the Dhoots, has mopped up 11.72% shares in the loss-making firm, earlier known as IOL Broadband. This is in addition to the 1.97% stake that Videocon Realty & Infrastructure Ltd, a Videocon group company, owns in IOL Netcom.
Sources close to the development said the Dhoots have hired an advisor for further negotiations to gain management control of the zero-debt company that was the first in Asia to launch IPTV.
Videocon Group officials have met IOL Netcom president Siddharth Srivastava to discuss areas of mutual cooperation. However, the talks did not cover any buyout proposal.
IOC Netcom offers broadband solutions and IPTV and has set up a 200 km fibre optic network in Mumbai and Delhi. The company, which suffered a loss of Rs 2.14 crore on revenues of Rs 2.19 crore in fiscal 2008, is about to launch its broadband services in Mumbai.
When contacted, Mr Srivastava said that the share purchase by Videocon is not seen as a hostile bid by Netcom, even though there was no understanding between the two companies on the transaction. “We have a wide range of investors with no identifiable group of promoters. This segment is set for a boom and may be the new investors see value in our shares,” he told ET.
Videocon Group chairman Venugopal Dhoot was not available for comments.
Videocon’s synergies with IOL Netcom would include joint development of direct-to-home (DTH) content and internet protocol TV (IPTV) platforms, supply of fibre for the broadband business, besides alliances in marketing, retailing and branding.
The Videocon Group is planning to launch its DTH services across the country by the end of the year. As the DTH business has significant strategic synergies with IOL, the Dhoots are keen on acquiring Netcom, said an industry official familiar with the matter.
The share price of IOL Netcom, has crashed from its peak of Rs 580 as on August 9 last year to Rs 76.50 as on Thursday on the Bombay Stock Exchange. The sharp decline was a good opportunity for the Dhoots to buy into the company.
The family has done similar in other companies. For instance, the Dhoots have bought a substantial chunk of shares in Archies, the maker of greeting cards and now looking for a management control.
http://economictimes.indiatimes.com/Infotech/Internet_/Videocons_Dhoots_look_to_snap_up_IOL_Netcom/articleshow/3312325.cms
New Delhi, March 7 In a short span after Ashish deora’s Argentum Motors acquired the production facility of erstwhile Daewoo Motors, the company is set to expand its capacity for small cars to 4 lakh per annum. Argentum Motors would also start manufacturing 1-2 litre engines to cater to the demand for small cars.
@@$Argentum is also planning to invest around Rs 500 crore to upgrade the facility. The three promoters of the company will eventually hold around 12% in the company after the debt is converted into equity and fresh investors are roped in.
**&The partnership will involve joint sourcing for domestic and global requirements and assembly operations. Argentum Motors was set up by Hyundai Motors India former president BVR Subbu, SpiceJet promoter Ajay Singh and broadband entrepreneur Ashish Deora.
#####IOC Netcom offers broadband solutions and IPTV and has set up a 200 km fibre optic network in Mumbai and Delhi. The company, which suffered a loss of Rs 2.14 crore on revenues of Rs 2.19 crore in fiscal 2008, is about to launch its broadband services in Mumbai.
wow…super…shot
useful info
***The company took over the Daewoo Motors India factory near Delhi, which shut shop four years ago, for Rs 800 crore and is planning to set up one of the country’s largest auto ancillary units and function as a third-party manufacturer for auto companies.
$rgentum is also planning to invest around Rs 500 crore to upgrade the facility. The three promoters of the company will eventually hold around 12% in the company after the debt is converted into equity and fresh investors are roped in
%%%Swan set to acquire Allianz’s mobile licences owned by Ashish Deora
AFTER offloading a 45% stake to UAE’s Etisalat for $900 million, Swan Telecom is set to acquire the mobile licences held by Allianz Infratech . The deal, which may run into a couple of hundred crores, is likely to be announced within a fortnight, according to sources close to the development. Allianz had applied for telecom licences on a pan-India level but was given permission to launch services in only two circles — Madhya Pradesh & Bihar.
&&A Major Auto deal for ashish Deora
A couple of European and Asian auto majors including Peugeot-Citroen of France are in talks with Argentum Motors to manufacture components and cars, it is reliably learnt.
@@Mr Subbu is the CEO while Mr Singh is the chairman of Argentum. When contacted, Mr Subbu refused to share details. “We are in talks with a number of companies,” he said. German and Asian auto firms which do not have a manufacturing base in India plan to take advantage of low production costs.
%&*Argentum Motors will infuse INR 5 billion ( $126.8 million) to modernise the facility over the next 18 months as it gears up to host global commercial vehicle maker Daimler for the latter’s proposed Low Cost Vehicle (LCV) roll out.
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