RCom Partners with Bigflix - Video Streaming services to 3G Customers

RCom partnered with Bigflix to offer streaming video services to its 3G customers in the country. This offer would allow the customers to stream and watch full length movie for a price of `30 each. The operator would not charge anything for its data usage during the movie streaming, the company said in a statement. Unlike any other video streaming service, here the consumer pays only for the content and not for the data that has been used to view this content. This service is available across the Reliance network nationally but for the best experience, 3G handset with 3G data connection is desired.

THE Corporate Debt Restructuring CDR PROCESS

The Corporate Debt Restructuring CDR system is a three-tiered one in India. The first is the CDR Standing Forum, which includes lender and borrower representatives. It lays down policies for the process. A core group of the standing forum takes policy decisions. The second tier is the Empowered Group, made of top bank executives, which decides on individual cases and ensures policy execution.  The third is the CDR Cell. It helps the other two tiers prepare detailed rehabilitation proposals. The first step in the process consists of considering the proposal, brought to the CDR Cell by the leader in the lending consortium or the company. The process takes about 30 days, and all lenders agree to the terms. Next, the CDR Cell scrutinises the proposal, which also can take 30 days. Then there is a review presented to the Empowered Group (90-180 days). The review considers financial parameters such as return on capital and debt service coverage. Once okayed, the case goes into restructuring mode.

Telenor, Alcatel-Lucent Launch Digital Content Store in Serbia

Telenor is on an agreement with Alcatel-Lucent to launch Digital Media Store (DMS) in Serbia and to deliver personalized digital content to its subscribers in Europe and Asia. The store gives customers in Serbia, an access to a wide variety of personalized digital media services such as music, applications, games, e-books, and videos. Telenor will later deploy DMS solution on a country-by-country basis. As a part of the partnership, Alcatel- Lucent’s DMS enables Telenor to provide its customers with a rich blend of services and content and more from a single cloud based ‘entertainment hub’.

Wishtel to Invest 15 crore for Designing and Manufacturing

Wishtel is planning to invest 15 crore for ramping up its design, manufacturing, and software engineering capabilities. The ramped up capacity will help in meeting growing global demands for the company’s market leading tablet products and turnkey solution services. Wishtel has already shipped over 50,000 devices and expects to reach monthly volumes of 100 thousand per month in the second half of 2012. To meet this growing demand, Wishtel is expanding the capacity of its manufacturing facilities in Mumbai and Kandla, Gujarat.

Tata Comm Launches Low Latency Network

Tata Communications has launched a low latency network which can connect major financial capitals in Asia, the UK, and the United States to offer global connectivity scalability and flexibility with ethernet technology. This network is backed by 802.1ah, Provider Backbone Bridging (PBB) technology. It enables the customers to work with a single global supplier instead of multiple country-specific point-to-point network providers.

Intex Unveils Touch Screen Phone Intex Cola

Intex is all set to tap the touch screen portfolio and it intends to target 25% of revenue in mobile business from touch screen category in FY13. Intex has launched a dual-SIM touch screen phone - Intex Cola - priced at `2,190. Intex Cola comes with features such as 6.1 cm resistive and 2.4 inch wide screen, 1.3 mega pixel camera with flash. It also comes with mobile tracker, 3.5 mm jack for
audio output, expandable memory up to 8 GB and Li-Ion 1,000 mAh battery. It is available in black and white colors.