Modi Entertainment, Hallmark drop JV for children's channel
Buzz TV, a joint venture between Modi Entertainment and Hallmark for a television channel, has been abandoned. This was confirmed by senior officials at Modi Entertainment when contacted by eFE.

Net Magicset to ropein a strategic investor
Net Magic, one of the country's first few Internet data centres which was set up last year, is in the process of placing equity with a strategic investor as part of its second round of funding. But Mr Sharad Sanghi, CEO, Net Magic, was not willing to divulge who the investor is likely to be.

Zee News in for a major revamp
Zee Network is concentrating on its 24-hour news channel, Zee News, more than usual. Say industry onlookers that after Sawal Dus Crore Ka, the mega gameshow on its entertainment channel Zee TV, failed to do miracles for Zee, the focus of the group has shifted to Zee News.

Law ministry seeks regulatory clarifications on DTH draft
Direct-to-Home television service has hit another roadblock. Even as the information and broadcasting ministry had finalised the DTH draft more than two weeks ago and passed it on to the law ministry for vetting it, the law ministry has sought clarifications on the same.

DoT not to accept FI bank guarantees for basic services licences
Even as the applications for licences to provide basic telecom services are piling up, there seems to be a technical glitch — the Department of Telecommunications (DoT) is not accepting bank guarantees by financial institutions.

Software firms look for dedicated developers in students
The battlelines have been drawn. The principal contenders: the IT software bigwigs and the free software players led by Linux. The target segment: the young technology students of the leading universities and institutes of the country.


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