The Deccan Chronicle board has approved an FII investment of up to about 14% of paid up capital. The company will invest about Rs 20 crore to start off in Mangalore and Dharwad editions.
PK Iyer, Executive Director of Deccan Chronicle Holdings says that the Mangalore and Dharwad editions will start, after Bangalore goes online.
He adds that they are getting Kochi and Coimbatore online first, while Kochi, Coimbatore and Bangalore will go online this fiscal. Mangalore and Dharwad may go online eight months after that.
Excerpts from CNBC-TV18's exclusive interview with PK Iyer:
Q: Could you walk us through the kind of timeline that you have laid for these two edtions to come on board?
A: The timeline for Mangalore and Dharwad would be after Bangalore goes online, but more importantly after we have got our ABC, Audit Bureau Circulation, certificate for Chennai.
We are getting Kochi and Coimbatore online first. Kochi, Coimbatore and Bangalore would go online this fiscal, and Mangalore and Dharwad would then go online after that, maybe eight months after that.
Q: So on the first or second quarter of ’07 or rather ’08 can we can these two editions coming up?
A: Mangalore and Dharwad would become supplementary to Bangalore like Kochi and Coimbatore are now becoming supplementary to Chennai.
Q: What are the capacities of both these Mangalore and Dharwad facilities that you are setting up, in terms of copies per day?
A: The capacity in this business is an aberration because the press prints only for two hours, but it is sufficient to handle the growth in leadership for five years. So there is enough capacity to print, it is not an issue.
Q: On the acquisitions front, has diligence started?
A: Yes, we have appointed KPMG formally to submit us a report. We have been working on this for about eight months. Last year, we did two of them. One was Odyssey and the other was Asian Age.
Asian Age gave us great content and Odyssey is also getting listed probably .
So this time we have put KPMG to look at it. We are looking at the print space. We are also looking at some outdoor solutions because we believe integrated media is now a reality.
With about close to 80% market share in Hyderabad and a growing market in Chennai, we are looking at the hoarding space and we are looking at some print space as well in the south.
Courtesy : Money Control
Friday, August 25, 2006
Thursday, August 24, 2006
More domestic air connectivity from Coimbatore airport
The Coimbatore Airport is all set to witness entry of two more domestic airliners within a month to operate services on the Coimbatore-Pondicherry and Coimbatore-Ahmedabad sectors. In the next phase, one of the airlines is planning to fly to Kochi and Agatti (Lakshadweep). An airline has plans for a connecting flight to Tirupati.
At present, there are five airlines - Go Air, Jet Airways, Indian, Paramount and Air Deccan - operating services to Chennai, Bangalore, Hyderabad, Kozhikode, Mumbai and New Delhi. There are 17 aircraft movements a day (one movement includes both landing and take-off). Indian is also operating three services a week from Chennai to Sharjah via Coimbatore and Kochi.
Air Sahara has temporarily suspended its service to Hyderabad. In addition, SriLankan Airlines is operating a cargo freighter with 14 movements a week to Colombo.
The entry of low cost-no frill airlines has increased both the number flights and passenger traffic to and from Coimbatore considerably.
Airport Authority of India sources indicated that Jagson Airlines has expressed interest to operate a morning service on the Pondicherry-Coimbatore-Pondicherry sector.
The airliner is planning to deploy an 18-seater Dornier aircraft on this sector. The same airline will offer a connecting service to Tirupati from Pondicherry. Jagson has plans to operate services from Coimbatore to Kochi and Agatti in Lakshadweep in the next phase.
Similarly, Kingfisher Airlines had planned a service from Coimbatore to Ahmedabad from August 15. It is likely to begin some time in September, the sources say.
An international airline has already visited the airport to have a feel of the facilities here for starting operations to South East Asian destinations from Coimbatore.
The Airport Director (in charge), R.S. D'cruz confirmed that the two domestic airliners have given expression of interest. The airlines were complying with the procedural formalities and the services would start after a formal clearance from AAI authorities, he says.
The airport is fully equipped in terms of infrastructure and logistics to handle the growth in traffic.
Courtesy : The Hindu
At present, there are five airlines - Go Air, Jet Airways, Indian, Paramount and Air Deccan - operating services to Chennai, Bangalore, Hyderabad, Kozhikode, Mumbai and New Delhi. There are 17 aircraft movements a day (one movement includes both landing and take-off). Indian is also operating three services a week from Chennai to Sharjah via Coimbatore and Kochi.
Air Sahara has temporarily suspended its service to Hyderabad. In addition, SriLankan Airlines is operating a cargo freighter with 14 movements a week to Colombo.
The entry of low cost-no frill airlines has increased both the number flights and passenger traffic to and from Coimbatore considerably.
Airport Authority of India sources indicated that Jagson Airlines has expressed interest to operate a morning service on the Pondicherry-Coimbatore-Pondicherry sector.
The airliner is planning to deploy an 18-seater Dornier aircraft on this sector. The same airline will offer a connecting service to Tirupati from Pondicherry. Jagson has plans to operate services from Coimbatore to Kochi and Agatti in Lakshadweep in the next phase.
Similarly, Kingfisher Airlines had planned a service from Coimbatore to Ahmedabad from August 15. It is likely to begin some time in September, the sources say.
An international airline has already visited the airport to have a feel of the facilities here for starting operations to South East Asian destinations from Coimbatore.
The Airport Director (in charge), R.S. D'cruz confirmed that the two domestic airliners have given expression of interest. The airlines were complying with the procedural formalities and the services would start after a formal clearance from AAI authorities, he says.
The airport is fully equipped in terms of infrastructure and logistics to handle the growth in traffic.
Courtesy : The Hindu
Wednesday, August 23, 2006
TCS to set up software facility in Coimbatore
Tata Consultancy Services (TCS) is planning to set up its software development facility in Coimbatore by the end of the current fiscal. This is likely to be a financial services vertical.
The company is planning to accomodate around 1,000 employees in its new facility and is in talks with the Tamil Nadu government for allocation of space in the proposed information technology park here.
“The talks are still on. Initially, we are on the lookout for a leased property of around 100,000 sq ft. We expect the works to begin in six months," N Chandrasekharan, global head, (sales and operations), TCS, said.
Addressing a press conference, S Ramadorai, chief executive officer and managing director, TCS, said the move came in the wake of larger employee base in Coimbatore thanks to the presence of many reputed engineering and technical educational institutions in and around the city.
“For the current fiscal, the number of offers made stands at 1,215, an increase of 67 per cent compared with last year’s 727,” he added.
S Padmanabhan, executive vice-president and head, (global human resources), TCS, said that Coimbatore was emerging as a promising IT hub and TCS was planning to play an integral role in the further development of the local economy by working with academic institutions by helping them train and develop talents in the region.
The company already has a 100-seat Engineering Centre of Excellence (CoE) in Coimbatore which caters to the needs of small and mid-sized engineering units in the region.
It has also established a physical facilitation centre here when it kickstarted the MCA 21 programme, an online filing facility of statutory documents with the Registrar of Companies (RoC), earlier this year.
Courtesy : Business Standard
The company is planning to accomodate around 1,000 employees in its new facility and is in talks with the Tamil Nadu government for allocation of space in the proposed information technology park here.
“The talks are still on. Initially, we are on the lookout for a leased property of around 100,000 sq ft. We expect the works to begin in six months," N Chandrasekharan, global head, (sales and operations), TCS, said.
Addressing a press conference, S Ramadorai, chief executive officer and managing director, TCS, said the move came in the wake of larger employee base in Coimbatore thanks to the presence of many reputed engineering and technical educational institutions in and around the city.
“For the current fiscal, the number of offers made stands at 1,215, an increase of 67 per cent compared with last year’s 727,” he added.
S Padmanabhan, executive vice-president and head, (global human resources), TCS, said that Coimbatore was emerging as a promising IT hub and TCS was planning to play an integral role in the further development of the local economy by working with academic institutions by helping them train and develop talents in the region.
The company already has a 100-seat Engineering Centre of Excellence (CoE) in Coimbatore which caters to the needs of small and mid-sized engineering units in the region.
It has also established a physical facilitation centre here when it kickstarted the MCA 21 programme, an online filing facility of statutory documents with the Registrar of Companies (RoC), earlier this year.
Courtesy : Business Standard
Monday, August 21, 2006
Language lab helps in better communication
Students at the Avinashilingam Deemed University have begun developing their listening, speaking, reading and writing skills, using the facilities available at the full-fledged language laboratory established in the Department of English. Practical knowledge of English is aimed at helping the learners communicate effectively with people around the world in areas such as technology, travel, business and entertainment. Teachers can monitor the learning activities of students and offer advice individually or in groups.
Learners occupy 20 listening stations connected to the main computer. Individual interaction between teacher and student facilitates faster grasp of the fundamentals, besides making practice and feedback easy.
Gaining mastery over a variety of listening and speaking skills is possible by using graded lessons and practical work recorded every week.
The lab has software for students at beginner, intermediate and advanced levels.
While students deficient in English will be able to improve their skills, those who already have good command of the language will be able to build confidence to face interviews and competitive examinations. Language laboratory sessions include word games, puzzles, debates and skits
Courtesy : The Hindu
Learners occupy 20 listening stations connected to the main computer. Individual interaction between teacher and student facilitates faster grasp of the fundamentals, besides making practice and feedback easy.
Gaining mastery over a variety of listening and speaking skills is possible by using graded lessons and practical work recorded every week.
The lab has software for students at beginner, intermediate and advanced levels.
While students deficient in English will be able to improve their skills, those who already have good command of the language will be able to build confidence to face interviews and competitive examinations. Language laboratory sessions include word games, puzzles, debates and skits
Courtesy : The Hindu
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