Category: News Headline

  • Adlabs board to meet on FM radio demerger on 22 April

    Adlabs board to meet on FM radio demerger on 22 April

    MUMBAI: Anil Dhirubhai Ambani Enterprises (ADAE) controlled Adlabs Films is holding a board meeting on 22 April to discuss the demerger of its FM radio business.

    As reported last month by Indiantelevision.com, ADAE has sought government clearance for bringing all the radio business under a division — Adlabs Radio Pvt Ltd.

    The company has informed the Bombay Stock Exchange that the board will “consider the proposal for the reorganisation of the Company and demerger of its FM Radio business pro-rata to all the shareholders, pursuant to a scheme of arrangement under sections 391-394 of Companies Act, 1956.”
    According to a recent PTI report, ADAE had further increased its stake in Adlabs Films to 54.91 per cent after the acquisition of an additional 3.8 million shares.

    Reliance Land Private Limited, along with Reliance Capital Limited acquired these shares on 12 April, Adlabs Films has informed the stock exchanges.
    The mode of acquisition has been preferential allotment (conversion of warrants to equity), it said. With this latest acquisition, Reliance Land and Reliance Capital now own 21,855,000 shares aggregating to 54.91 per cent of the total paid up capital of the company.

    Reliance Land, a part of the Reliance Capital Group, last year had acquired 51 per cent controlling stake in Manmohan Shetty’s Adlabs Films, a leading motion picture processing laboratory which also runs a chain of multiplexes.

  • Panamsat unveils new solution for news delivery across the US

    Panamsat unveils new solution for news delivery across the US

    MUMBAI: Global satellite services provider Panamsat and On Call Communications have developed a new satellite-based communications solution to enable the coverage of breaking news and live events by local and independent news stations in the US. By using PanAmSat’s QuickSPOT on-demand satellite technology and On Call’s OnSpot auto-deploying broadband satellite communications systems, broadcasters can now report on breaking news events as they happen and then transmit the coverage to viewers in real time with unrivalled simplicity, mobility and cost-efficiency.

    Koce, a PBS-affiliate based in California, is using the new system to provide live news coverage to viewers of events that previously could only be pre-recorded. Koce says that the QuickSPOT/OnSPOT solution gives it the opportunity to deliver live remote broadcasts at far lower costs and convenience than anything it has been able to do in the past. Koce says that being live on the scene gives it a new dimension, covering the news as it happens, making the story much more ‘real’ to viewers. The recent fires in Southern California exemplified this as it reported from the field, delivering the latest updates from fire officials, what areas were being evacuated and what schools remained open. Thereffore the news was much more relevant to our viewers compared to something written and broadcast from the studio.

    The QuickSPOT/OnSPOT solution provides a cost-effective broadcast delivery system making it possible for smaller broadcasters to access the formerly cost-prohibitive world of live broadcasts. These stations can now avoid the expense of dedicated satellite space by paying only for their on-air time. And, no technical knowledge is required to operate the auto-deploying terminals.

    Panamsat executive VP, global sales and marketing Mike Antonovich says, “Through our work with OnCall, we’ve developed a truly game-changing broadcasting solution that transforms the world of satellite news gathering. By using smaller auto-pointing antennas in conjunction with the latest generation of digital encoding and compression and our bandwidth-on-demand provisioning service, live news coverage is now simpler, smarter and smaller then ever before. These lower-cost systems can now affordably be made available to support everyone from major market television stations to local community cable channels. Smaller communities benefit by getting up-to-the-minute reports on local weather, storm conditions and developing news events. And, independent stations can provide a wider variety of coverage and perspectives as they serve up their own live reports. It is a win-win for everyone—the broadcaster and the viewer.”

    On Call Communications specialises in providing quick deployments of mobile satellite telecommunications systems for broadcasting, disaster recovery and government applications. They design, integrate and install custom satellite communications networks.

  • Aeren R Enterprises unveils India’s First Theme Destination Mall

    Aeren R Enterprises unveils India’s First Theme Destination Mall

    New Delhi, April 21, 2006
    Rs 250 Cr.Festival City project, Festival city to be Punjab’s biggest mall

    India’s first theme destination mall to be designed around Essence
    of Indian Festivals. “Malls within a Mall” with Kidz Mall, Fashion Mall, Interior Mall, food court, entertainment plaza and a luxury hotel.

    Punjab’s first IMAX Theatre with seven screen multiplex. Punjab’s first ice skating ring, Gaming zone, a bowling alley, a video arcade, a Gyro drop

    With so many firsts in its credit the Aeren R Enterprises is proud to unveil Festival City, Punjab’s first theme destination mall offering a truly international retail, entertainment and leisure experience for the entire family at an investment of Rs 250 Cr. The Festival City is a salute to the big -heartedness and the dynamic spirit of the people of Punjab.

    Located in the prosperous industrial city of Ludhiana, Festival City is easily accessible to the people of Ludhiana and affluent visitors from Phagwara, Jalandhar, Moga, Khanna, Amritsar, Chandigarh, Ambala and the entire Doaba and Malwa area. Festival City is ideally located as a family destination for shopping, entertainment and leisure activity for the entire
    region.

    The Festival City mega structure is planned over 2.0 million square feet of covered area as an integrated commercial development. At the heart of the structure is a grand visually spectacular atrium that reinforces the impression of vast open spaces and imparts a feeling of grandiose and unmatched architectural scale. The activity area in the center is ideally suited to host mega events like car launches and fashion shows.

    The sheer size and scale positions Festival City as the BIG ONE among all planned and existing shopping malls in Ludhiana, based on the principle of – “Malls within a Mall” – the latest concept in shopping mall development.

    Speaking on the occasion Dr Rajesh Aeren, Vice Chairman, Supervisory Board Aeren R Enterprises said “Growing prosperity (GDP & per capita income), increasing levels of affluence and improving lifestyles are fueling the demand for lifestyle products, leisure and entertainment activities”

    “The concept of Mall within Malls will be introduced in Ludhiana for the first time. The 300000 sq ft dedicated to the Interiorz Mall – a one stop shop to meet all your home and office improvement needs is a great example of a Mall within a Mall. Other Specialty Malls like the Kids, Lifestyle, Fashion, Hospitality, Entertainment and Leisure Malls are an integral part of the development”. Dr. Aeren further added

    While addressing the media Mr. Sujit Kumar, CEO, Aeren R Enterprises said , “Ludhiana being one of the fastest growing city in India with rise of 82% in food & 87% in non food retail business in last few years and Income to expenditure ratio is expected to increase from 40% to 50% by 2020 which makes Ludhiana as most favoured destination for retail and entertainment business.”

    He further added that “We are pleased to announce that IMAX, Fun Cinemas, Shopper’s Stop, Hyper City, Home Stop, Pantaloons, E- Zone, Chun Mun Store, Kapsons, Provogue, Odyssey, Music World, The Home Store, Adidas, Archies Bossini, Disney Jeans, FI, Kappa, Lee Copper, Lilliput, Mufti, Nike, Numero Uno, Portland, Reebok, Shoe Tree, Sports Station, Titan, Woodlands have all signed up and over 50% of the leasing is already over.

    “The launch of the IMAX theatre, the inclusion of an ice skating rink, an international quality food court and focus on leisure and entertainment activities further reinforce our aim to bring wholesome family entertainment based on world class technology and knowledge to meet the growing aspirations of our children and youth. These unique features will add significant value to the quality retailers housed in this destination mall”. Mr. Kumar further added.

    Festival City, designed by Ms. RTKL of London, a leading international architecture and design firm with commercially successful retail and entertainment landmarks like the LaQua at Tokyo, The Entertainment Center at lrvine spectrum, California; The O2, London; and Lalaport Shopping center, Tokyo to their credit.

    The design and architecture of the Festival City is based on the fundamental principle of delivering a unique retail, entertainment and leisure
    experience.

    Stress free shopping with conveniently placed sit downs on every floor and high speed elevators, escalators and travellators linking each floor.

    Ample multiple level parking allows convenient access to different shopping, leisure and entertainment areas.

    Environmentally friendly design with large open to sky spaces, landscaped greens with water bodies and fountains, for a controlled microclimate and dust control regime.

    Friendly and safe for kids, the elderly and the differently abled. Design features include ramps for wheel chair, specially designated parking areas, specially designed rest room facilities including services of trained medical staff.

    About Aeren R Enterprises :
    Promoted by Dr. Rajesh J Aeren, Aeren R Enterprises is a leading social infrastructure development conglomerate, engaged in value added real estate projects in the fields of edutainment, entertainment, specialty malls, corporate trading and financial services.

    Some of the successfully completed projects by Aerens family of enterprise:

    Gold Souk : Specialty malls for jewellery & wedding related requirements for the modern discerning consumer with exposure to international trends.

    Crown Interiorz : Spread over 700,000 sq. ft, is located in Faridabad on Delhi Mathura Road (NH-2), approx. 2 km from Delhi Border.

    AerenR IMAX, Sahibabad : Brings the first large format IMAX theatre to North India in partnerships with IMAX Corporation, Canada.

    Wedding Souk, Delhi: A one stop mall for anything and everything related to weddings, festivals, special occasions and casual shopping.

    AEZ Aloha Residential complexes, Gurgaon & Rishikesh : Premium category residential projects at Gurgaon and Rishikesh boast of ultra modern apartments with high-end amenities.

    AEZ Vikaspuri : The first ever superplex in North India is a fine example of international style shopping and entertainment experience and is a marvelous state-of-the-art complex.

    Contact:
    Mr. Vivek Srivastava
    Neha Saxena
    VP – Marketing and Corp. Communications
    nehakaizzen@yahoo.com
    Aeren R Enterprises
    9899646494/98186 45292
    viveks@aerenr.com
    98116 74941/ 011 – 42225222

  • HBO US renews drama series ‘Big Love’ for second season

    HBO US renews drama series ‘Big Love’ for second season

    MUMBAI: US broadcaster HBO has renewed the drama series Big Love for a second season.

    HBO Entertainment president Carolyn Strauss says, “Big Love is a unique and remarkable series. The second season will offer more of the terrific storytelling that has gripped critics and subscribers this year.”

    Big Love tells the story of Salt Lake City native Bill Henrickson, who balances the needs of his three wives – Barb, Nicki and Margene – their seven kids, three houses and his home improvement stores. Bill Paxton, Jeanne Tripplehorn, Chloë Sevigny, Ginnifer Goodwin and Harry Dean Stanton star in the series.

    The second season kicks off next year.

  • Tennis Fed Cup sponsor BNP Paribas to give players new look

    MUMBAI: In order to mark the arrival of BNP Paribas as title sponsor, the International Tennis Federation (ITF) has decided to give Fed Cup by BNP Paribas a new look, and will be involving the players.

    260 players from 64 countries taking part in the event will vote to select a new colour scheme for Fed Cup by BNP Paribas. The colour selected will be used on the courtside banners at Fed Cup ties worldwide, and also applied to the entire range of promotional material relating to the competition.
    Players will choose from turquoise, plum, fuchsia. Elena Dementieva, who led Russia to the 2005 Fed Cup title said, “The players want to help raise the profile of Fed Cup, and I am looking forward to making my own suggestion for the look of the court.”

    World No.1 Amelie Mauresmo of France says, “The colour needs to stand out so that you can easily recognise the event. When you see footage of Fed Cup, you will know immediately that it’s Fed Cup.”

    BNP Paribas became the title sponsor of the Fed Cup at the 2005 World Group Final at Roland Garros. The six-year agreement with the ITF runs until 2011, and also includes the 16 & under Junior Fed Cup by BNP Paribas.

  • Lintas Media Group effects senior executive promotions

    MUMBAI: Lintas Media Group has announced a slew of promotions riding on the back of a successful 2005. Effective 1 April, 2006, Insight president Raj Gupta will be driving growth for all units of the group as Lintas Media Group chief strategy officer.

    Gupta’s new role will be in addition to his responsibilities as Insight president and Media Futures president, the latter of which was launched a couple of months back.

    Speaking on his new role Gupta said, “Today, the time spent on mass media is steadily decreasing and there are more and more media options available. As planning agencies, we have to move from media planning to strategic media planning. Today the needs of the clients’ are moving from contacting the consumer to connecting to the consumer. There was a need felt for strategic planning due to these fundamental reasons and we will be closely looking at bringing about these changes.”

    Also, Interactions executive vice president Sudha Natrajan has been promoted to Interactions president. “Sudha has been responsible for having retained and added sizeable business to our Group in the past 12 months,” said Lintas Media Group director Lynn de Souza.

    In addition to overseeing the accounts serviced by this unit, Natrajan will also assist de Souza in the marketing of the group as Lintas Media Group associate director.

    Initiative president Kartik Iyer will also be assisting de Souza in media relations as Lintas Media Group associate director.

    Insight executive vice president Sai Nagesh will continue in his position and will report to Gupta. Nagesh has now been mandated with the task of driving innovations and new media use for all accounts of Insight.

    Intellect vice president Premjeet Sodhi has been promoted to senior vice president and besides continuing to drive research, technology and training for the Lintas Media Group, he will also be responsible for developing and delivering tools and analytics for Lintas Media Group’s international clients.

  • Tata Sky targets 1 July for DTH launch

    Tata Sky targets 1 July for DTH launch

    MUMBAI: Rumours of delays may be rife in the market but Tata Sky – the 80:20 joint venture between the Tata Group and Star India – is targeting a 1 July commercial launch of its direct-to-home (DTH) service, informed industry sources aver.

    Tata Sky CEO Vikram Kaushik, while speaking to Indiantelevision.com, was however quite categorical that any talk of a date of launch was premature at this stage and therefore purely speculative. Kaushik would only confirm that his company was on target for a mid-year launch for its DTH service.

    Tata Sky will begin the “test run” of India’s third DTH service after Zee Group’s DishTV and Prasar Bharati’s DD direct from 15 May, the sources say. It has marked out a 45-day window period till 30 June during which time all technical and channel and programme related issues will have been ironed out.

    According to the sources, the preparatory work for the launch has been ratcheted up several gears in the last three weeks after the company collected from the information and broadcasting ministry the final licence clearing the way for the $500-million DTH service to take off.

    It was in December last that the telecommunication ministry gave its green signal for the vexed matter of setting up an uplinking base in Delhi by Videsh Sanchar Nigam Ltd, an issue that was under government scanner on technical grounds of land use by VSNL of its Chattarpur facility. The telecom ministry nod was seen as crucial for obtaining the final licence from the I&B ministry.

    Tata Sky has three operational centres in the country. Its technical set-up is headquartered in the capital, its complete back-up systems, including call centre operations, is out of Bangalore while its commercial activities are managed from Mumbai.

    One big priority of course is getting all popular channels onto its platform, a matter that rival DishTV has still to resolve with the Star network and the Sony-Discovery One Alliance. Here, like in the case of the Subhash Chandra-promoted DTH service, ESPN Star Sports has already worked out a carriage deal with Tata Sky.

    Queried about this, Kaushik would only say, “We are in ongoing discussions with all major broadcasters. More than this I cannot comment at this stage.”

    Speaking of channels, a key function of all addressable systems is the electronic programme guide (EPG). Tata Sky has exchanged letters with all broadcasters on use of logos and such in regards to how the programming highlights in its EPG will be displayed. The operator has reportedly requested all channels to provide these details ahead of the 15 May week.

    Another aspect that Tata Sky has to confront is of how to get around the last mile roadblock. One strategy that it is going with is to introduce pre-paid cards, which Kaushik believes would make subscription payment easier for the consumer. This differs from the DishTV strategy, which offers new customers its services for Rs 3,990 that includes one year’s subscription. After a year, DishTV subscribers pay a monthly subscription fee.

    Secondly, Tata Sky plans to take the responsibility of directly installing the hardware in every subscriber’s home and servicing it whenever needed. This again differs from DishTV which has a distribution network of about 5,000 dealers / distributors across the country.

    On the hardware side, Tata Sky, like DishTV has done, will be offering its boxes through consumer durable outlets.

    As regards subscriber acquisition, Tata Sky is following a two-pronged strategy of targeting individual consumers as well as institutions, for which there is a separate head of institutional sales.

    Industrial townships, hospitals, hotels, etc. are where the operator is directly negotiating to set up a central dish antenna through which it can connect individual installations.

    Where it has come into direct confrontation with last mile operators has been when it approached housing societies in various cities with the institutional model to offer its services.

    In fact, one of the reasons for a majority of cable networks in Kolkata blacking out the Star group of channels has been this issue. The protest against carriage of the Star channels in Kolkata is being led by the Forum of Cable Operators and Cable Operators Sanjukta, two association bodies of the last mile operators in the city. “Star was asking for a hike, which we couldn’t have passed on to the consumers. Besides, Tata Sky, where Star is a partner, is wanting to grab subscribers by offering housing societies free cabling from a single central antenna,” Cable Operators Sanjukta spokesperson Papi Banerjee told Indiantelevision.com recently.

    Be that as it may, Tata Sky has set itself some ambitious goals. The major one reportedly being to acquire around one million subscriptions by this year.

    Tata Sky CEO Vikram Kaushik, while speaking to Indiantelevision.com, was however quite categorical that any talk of a date of launch was premature at this stage and therefore purely speculative. Kaushik would only confirm that his company was on target for a mid-year launch for its DTH service.

    Tata Sky will begin the “test run” of India’s third DTH service after Zee Group’s DishTV and Prasar Bharati’s DD direct from 15 May, the sources say. It has marked out a 45-day window period till 30 June during which time all technical and channel and programme related issues will have been ironed out.

    According to the sources, the preparatory work for the launch has been ratcheted up several gears in the last three weeks after the company collected from the information and broadcasting ministry the final licence clearing the way for the $500-million DTH service to take off.

    It was in December last that the telecommunication ministry gave its green signal for the vexed matter of setting up an uplinking base in Delhi by Videsh Sanchar Nigam Ltd, an issue that was under government scanner on technical grounds of land use by VSNL of its Chattarpur facility. The telecom ministry nod was seen as crucial for obtaining the final licence from the I&B ministry.

    Tata Sky has three operational centres in the country. Its technical set-up is headquartered in the capital, its complete back-up systems, including call centre operations, is out of Bangalore while its commercial activities are managed from Mumbai.

    One big priority of course is getting all popular channels onto its platform, a matter that rival DishTV has still to resolve with the Star network and the Sony-Discovery One Alliance. Here, like in the case of the Subhash Chandra-promoted DTH service, ESPN Star Sports has already worked out a carriage deal with Tata Sky.

    Queried about this, Kaushik would only say, “We are in ongoing discussions with all major broadcasters. More than this I cannot comment at this stage.”

    Speaking of channels, a key function of all addressable systems is the electronic programme guide (EPG). Tata Sky has exchanged letters with all broadcasters on use of logos and such in regards to how the programming highlights in its EPG will be displayed. The operator has reportedly requested all channels to provide these details ahead of the 15 May week.

    Another aspect that Tata Sky has to confront is of how to get around the last mile roadblock. One strategy that it is going with is to introduce pre-paid cards, which Kaushik believes would make subscription payment easier for the consumer. This differs from the DishTV strategy, which offers new customers its services for Rs 3,990 that includes one year’s subscription. After a year, DishTV subscribers pay a monthly subscription fee.

    Secondly, Tata Sky plans to take the responsibility of directly installing the hardware in every subscriber’s home and servicing it whenever needed. This again differs from DishTV which has a distribution network of about 5,000 dealers / distributors across the country.

    On the hardware side, Tata Sky, like DishTV has done, will be offering its boxes through consumer durable outlets.

    As regards subscriber acquisition, Tata Sky is following a two-pronged strategy of targeting individual consumers as well as institutions, for which there is a separate head of institutional sales.

    Industrial townships, hospitals, hotels, etc. are where the operator is directly negotiating to set up a central dish antenna through which it can connect individual installations.

    Where it has come into direct confrontation with last mile operators has been when it approached housing societies in various cities with the institutional model to offer its services.

    In fact, one of the reasons for a majority of cable networks in Kolkata blacking out the Star group of channels has been this issue. The protest against carriage of the Star channels in Kolkata is being led by the Forum of Cable Operators and Cable Operators Sanjukta, two association bodies of the last mile operators in the city. “Star was asking for a hike, which we couldn’t have passed on to the consumers. Besides, Tata Sky, where Star is a partner, is wanting to grab subscribers by offering housing societies free cabling from a single central antenna,” Cable Operators Sanjukta spokesperson Papi Banerjee told Indiantelevision.com recently.

    Be that as it may, Tata Sky has set itself some ambitious goals. The major one reportedly being to acquire around one million subscriptions by this year.

  • CNN to air three summits in collaboration with Clinton Global Initiative

    CNN to air three summits in collaboration with Clinton Global Initiative

    MUMBAI: CNN will produce three programmes with the Clinton Global Initiative to be broadcast on both CNN International and CNN/US in April, August and September of this year. The former US president Bill Clinton will be a featured guest at each of the hour-long events.

    “These programs once again highlight CNN’s position as a global platform for news and debate. To pull together such important world players to discuss critical issues plays right to heart of CNN’s international audience,” said CNN International senior VP Rena Golden.

    The end of Aids: A Global Summit with president Clinton is the first special event and will premiere in April. The program takes a unique perspective on the Aids crisis. Imagine for an hour that Aids has been eradicated. How did it happen? What role did government, drug companies and non-governmental organizations play in ending the Aids crisis? How will the unique public-private model employed at the Clinton Global Initiative be a factor in this eradication? CNN senior medical correspondent Dr. Sanjay Gupta will moderate a discussion that will include some of the world’s leading Aids experts and activists, informs an official statement.

    Setting the scene for the debate, CNN Africa Correspondent Jeff Koinange travels to Botswana, where 40 percent of the population is infected with HIV/AIDS, and reports on how the government is testing for HIV. The end of Aids will also look at the most promising forms of treatment and the most effective government policies. The goal is to see how AIDS can be brought under control and eventually defeated.

    In August, CNN anchor Anderson Cooper, who reported on last year’s devastating hurricanes along the US Gulf Coast, will moderate the second Global Summit. The focus of this forum will be on poverty – not only in third world countries, but also in the US– and what is being done to reduce it. Poverty is one of the four topic areas at the Clinton Global Initiative.

    CNN chief international correspondent Christiane Amanpour will moderate the third and final Global Summit in September on the eve of the annual Clinton Global Initiative meeting in New York. Participants of this forum will discuss various topics of global significance including climate change, mitigating religious conflicts, global public health and effective global governance.

  • Webaroo launches the searchable, offline web in India

    Webaroo launches the searchable, offline web in India

    BANGALORE: Marking a significant step forward in improving the mobile web experience, Webaroo today launched a new software service that enables consumers to search web pages and view web sites anytime, anywhere, without an internet connection, on their handhelds and laptop computers.

    Available at www.webaroo.com, the Webaroo software features ‘web packs’ on a variety of subjects, such as news, sports and major global cities, including New York, London and Mumbai – each of which contains thousands of relevant web pages identified by Webaroo’s innovative algorithms, informs an official release.

    “The time is ripe for India to be a developer of global consumer brands, not just an outsourcing center.” says Webaroo CEO and founder Rakesh Mathur.

    “We’re thrilled to be located within the IIT incubator,” said Webaroo CTO & founder Beerud Sheth. “We’ve been able to build a world-class team in an incredibly short time.”

    In recognition of the appeal of taking the web offline, Acer plans to bundle the Webaroo software on its laptop PCs worldwide, the release adds.

    “Acer believes that the new, powerful ability to search the web offline will bring tremendous advantages for consumers and business people,” said Campbell Kan, head of Mobile Computing Business Unit, Acer Inc. “Acer is committed to being first-to-market with innovative products that are easy-to-use, dependable and empowering-enabling our users to be more productive. We plan on incorporating Webaroo’s software into Acer’s mobile PCs. We look forward to creating mutual success for Acer and Webaroo and even greater satisfaction for our customers.”

    Webaroo is a software service that allows users to download web content onto their mobile devices and search it anytime, anywhere, even without a connection. Founded in 2004 by experienced entrepreneurs Rakesh Mathur, Brad Husick and Beerud Sheth, the company has offices in Santa Clara (California), Bellevue (Washington), Mumbai (India) and New Delhi (India).

  • Cartoon Network’s Tom & Jerry to promote ICICI Bank’s ‘Young Stars Account’

    Cartoon Network’s Tom & Jerry to promote ICICI Bank’s ‘Young Stars Account’

    MUMBAI: ICICI Bank is now wooing kids via the cat and mouse pair – Tom & Jerry. The bank has tied up with Cartoon Network wherein the toons will be the brand ambassadors for its special and innovative ‘Young Stars’ account.

    Young Stars is a unique savings account tailored to suit the banking requirements of children. The Young Stars account allows children, upto the age of 18 years, to learn and manage their finances; while the account is operated and monitored completely by the parents.

    Children above the age of seven years will get a personalised international debit card with the Young Stars account. This is an innovative attempt to guide children through the world of banking.

    ICICI Bank has made the banking experience exciting by offering interesting facilities including a special recurring deposit, free international debit card and free internet banking. There are also facilities that only parents can access such as – online opening of fixed deposit, recurring deposit and funds transfer from parent to child’s account.

    ICICI Bank executive director Chanda Kochhar said, “The Young Stars account is another pioneering product from ICICI Bank that initiates children to world of banking and finances. With this innovative product, the entire family is involved with the bank and while parents can monitor their child’s expenses, children learn to manage their expenses themselves. This product will inculcate the habit of saving money amongst kids, while making it a fun filled and exciting experience. We are delighted to be associated with Cartoon Network’s toon stars, Tom & Jerry and with their support are sure that Young Stars will be become a popular product among children.”

    Cartoon Network Enterprises – India and South Asia director Jiggy George said, “The exciting and innovative promotional licensing deal with ICICI Bank for their ‘Young Stars’ account yet again proves the power of Cartoon Network and the mass appeal of the Network’s toon stars. I am positive that Tom & Jerry, who continue to rule the hearts of Indian kids and adults, will help make this innovative initiative from ICICI Bank even more attractive. We are delighted to be partnering with ICICI Bank, one of the most respectable brands in the finance sector and look forward to our mutual success.”