Tag: Ahmedabad

  • Indian Super League winning bids announcement today

    MUMBAI: Football Sports Development Limited (FSDL), organisers of the Indian Super League is set to announce the winning bids for new team(s) in Indian Super League on Monday, 12 June.

    The winning bidders will be enrolled and awarded the right to participate in the Indian Super League starting from the upcoming season of 2017-18.

    An Independent panel conducted the tender process, which commenced from 12th May 2017 through ‘Invitation To Bid’ (ITB) and evaluated the bids to maintain an open and transparent process. E & Y, the consulting firm is expected to complete, by Sunday the evaluation for all the bids received during the ITB procedure and present its results on Monday, 12 June.

    The bids were invited from prospective team owners in respect of 10-cities ie, Ahmedabad, Bengaluru, Cuttack, Durgapur, Hyderabad, Jamshedpur, Kolkata, Ranchi, Siliguri and Thiruvananthapuram.

    As per the timelines declared in ITB and to maintain the transparency in the process, the organisers closed the window for bid submission on last day of 25 May, 2017.

  • TV to command Rs 25 cr of Droom’s 100 cr marketing budget

    TV to command Rs 25 cr of Droom’s 100 cr marketing budget

    MUMBAI: India’s online automobile transactional marketplace Droom is launching a mega promotional campaign with a budget of Rs 100 cr. The new campaign is being launched for television, YouTube, print, digital and social media and will also be seen outdoors on billboards and external installations. The entire campaign is designed to drive traffic and increase consumer awareness and to enhance the sense of pride amongst Indian consumers when it comes to buying a pre-owned vehicle.

    Droom, which has reported more than 700% year-on-year revenue, plans to adopt an aggressive performance-linked marketing approach which will see country-wide spread of the advertisements. Automobiles, being a big-ticket item, have a significant gestation period which may last from a minimum one month to a year.

    Commenting on the king-size marketing budget, Droom CEO and founder Sandeep Aggarwal said, “Buying a used vehicle is still shrouded in great doubt for many Indian consumers. This year, through our marketing efforts, we hope to instil a sense of pride in the buyers when they purchase a pre-owned automobile. Our focus completely lies in implementing high Return-On-investment promotion options. Furthermore, the 360-degree marketing initiatives will also help us achieve our goal of reaching an annualized GMV of INR 3000 crore by the end of 2016 and INR 5-7,000 crore by the end of 2017 by enhancing consumer tendency to look at the benefits of purchasing their dream vehicles through us.”

    Keeping this trend in mind along with the upcoming festive season when the propensity to purchase vehicles is the highest, Droom will be rolling out the marketing initiatives well in advance. Of the total 100cr budget, INR 25 crore has been allocated to TV, outdoor, print and radio advertising and other ATL activities. Considering the huge market available digitally, a further INR 25 crore has been assigned to digital promotional activities such as Search Engine optimization, online ads etc. With the festive season in the offing, deals and discounts would also feature significantly in the marketing budget allocation.

    Droom’s marketing campaign would be a round-the-year process with periods of heightened activity. Catering to seven different cities including Delhi NCR, Bangalore, Pune, Ahmedabad and Mumbai, Droom envisions INR 100 crore budget as the minimum threshold, rather than the maximum value allocation, and plans to raise the industry standards of marketing expenditure through its upcoming brand building activities.

  • TV to command Rs 25 cr of Droom’s 100 cr marketing budget

    TV to command Rs 25 cr of Droom’s 100 cr marketing budget

    MUMBAI: India’s online automobile transactional marketplace Droom is launching a mega promotional campaign with a budget of Rs 100 cr. The new campaign is being launched for television, YouTube, print, digital and social media and will also be seen outdoors on billboards and external installations. The entire campaign is designed to drive traffic and increase consumer awareness and to enhance the sense of pride amongst Indian consumers when it comes to buying a pre-owned vehicle.

    Droom, which has reported more than 700% year-on-year revenue, plans to adopt an aggressive performance-linked marketing approach which will see country-wide spread of the advertisements. Automobiles, being a big-ticket item, have a significant gestation period which may last from a minimum one month to a year.

    Commenting on the king-size marketing budget, Droom CEO and founder Sandeep Aggarwal said, “Buying a used vehicle is still shrouded in great doubt for many Indian consumers. This year, through our marketing efforts, we hope to instil a sense of pride in the buyers when they purchase a pre-owned automobile. Our focus completely lies in implementing high Return-On-investment promotion options. Furthermore, the 360-degree marketing initiatives will also help us achieve our goal of reaching an annualized GMV of INR 3000 crore by the end of 2016 and INR 5-7,000 crore by the end of 2017 by enhancing consumer tendency to look at the benefits of purchasing their dream vehicles through us.”

    Keeping this trend in mind along with the upcoming festive season when the propensity to purchase vehicles is the highest, Droom will be rolling out the marketing initiatives well in advance. Of the total 100cr budget, INR 25 crore has been allocated to TV, outdoor, print and radio advertising and other ATL activities. Considering the huge market available digitally, a further INR 25 crore has been assigned to digital promotional activities such as Search Engine optimization, online ads etc. With the festive season in the offing, deals and discounts would also feature significantly in the marketing budget allocation.

    Droom’s marketing campaign would be a round-the-year process with periods of heightened activity. Catering to seven different cities including Delhi NCR, Bangalore, Pune, Ahmedabad and Mumbai, Droom envisions INR 100 crore budget as the minimum threshold, rather than the maximum value allocation, and plans to raise the industry standards of marketing expenditure through its upcoming brand building activities.

  • Hathway board clears GTPL IPO

    Hathway board clears GTPL IPO

    MUMBAI: Even as naysayers have been saying investor sentiment is pretty negative about the cable TV distribution sector in India, here is a company which is looking to swim against the tide. Cable TV and broadband internet services provider Hathway Cable & Datcom’s board today gave it the thumbs up to make an initial public offering for its subsidiary outfit GTPL Hathway.

    GTPL Hathway offers cable TV and broadband services in many cities in India among which figure Pune, Ahmedabad and Kolkata.

    The board gave approval to the IPO proposal which seeks to raise funds for GTPL through a fresh issue of equity shares while giving an option to existing GTPL shareholders to sell their holdings. Hathway holds around nine million shares in GTPL, according to a filing wih the Bombay stock exchange on Wednesday.

    The Hathway board also gave a go-ahead to the proposal to set up a committee to work on the various aspects of the proposed IPO including regulatory and shareholder approvals. Of course, all these proposals would be subject to shareholder and regulatory approval.

    Hathway has 23 headends in 160 cities nationwide and its cable TV service subscriber base as on 31 March 2016 was 12.3 million with 10.6 million of them having migrated to digital cable TV. It had a broadband susbscriber base of 627,000 even as it passed 3.3 million homes. 2.4 million of the cable TV subscribers were in phase I areas; 4.2 million in phase II, while its phase III and IV universe was at 4.1 million.

  • Hathway board clears GTPL IPO

    Hathway board clears GTPL IPO

    MUMBAI: Even as naysayers have been saying investor sentiment is pretty negative about the cable TV distribution sector in India, here is a company which is looking to swim against the tide. Cable TV and broadband internet services provider Hathway Cable & Datcom’s board today gave it the thumbs up to make an initial public offering for its subsidiary outfit GTPL Hathway.

    GTPL Hathway offers cable TV and broadband services in many cities in India among which figure Pune, Ahmedabad and Kolkata.

    The board gave approval to the IPO proposal which seeks to raise funds for GTPL through a fresh issue of equity shares while giving an option to existing GTPL shareholders to sell their holdings. Hathway holds around nine million shares in GTPL, according to a filing wih the Bombay stock exchange on Wednesday.

    The Hathway board also gave a go-ahead to the proposal to set up a committee to work on the various aspects of the proposed IPO including regulatory and shareholder approvals. Of course, all these proposals would be subject to shareholder and regulatory approval.

    Hathway has 23 headends in 160 cities nationwide and its cable TV service subscriber base as on 31 March 2016 was 12.3 million with 10.6 million of them having migrated to digital cable TV. It had a broadband susbscriber base of 627,000 even as it passed 3.3 million homes. 2.4 million of the cable TV subscribers were in phase I areas; 4.2 million in phase II, while its phase III and IV universe was at 4.1 million.

  • ET Now brings ‘Kem Cho Gujarat’ on 26 May

    ET Now brings ‘Kem Cho Gujarat’ on 26 May

    MUMBAI: On viewers’ demand, India’s No. 1 English business news channel, ET Now, returns on 26 of May, with Kem Cho Gujarat, the knowledge-powerhouse ground initiative to empower individual investors across Ahmedabad and Gujarat. On monsoon-eve, ET Now is all set to make an even deeper connect with viewers and investors who, across three eventful days of Kem Cho Gujarat — through interactions the biggest market experts, live dealing room updates and investor education forums — will be empowered to pick the best stocks and make the best investment decisions to ride the bull run.

    With the much anticipated monsoon around the corner, Kem Cho Gujarat, is planned as yet another significant investor welfare initiative from India’s #1 business news channel ET NOW  from the TIMES NETWORK. 

    The activities will feature exclusive interaction opportunities with top market and business experts like Hiren Ved, Deven Choksey, Ashish Chugh and others along with ET NOW’s Niraj Shah and other market experts. Very special live coverage on Day One, i.e. Thursday, the 26 of May, from the state’s biggest brokerage firms and dealing rooms will help viewers to understand how the local players are dealing with the current market conditions. 

    On Day 2, 27 May, ET Now’s Niraj Shah gets together with ace market experts and analysts to power investors’ portfolios. He discusses with Deven Choksey (MD, KR Choksey Investment Managers Private Limited), Ashish Chugh (Hidden Gems) and Siddharth Bhamre (F&O Expert, ET NOW) on how investors should pick the right stocks for their portfolios. Viewers interested in attending the event, to be held at the J B Auditorium, Ahmedabad Management Association from 6 to 7.30 pm, can register on a first come first served basis  

    On Day 3, 28 May 2016, market guru Hiren Ved (Director & CIO, Alchemy Capital Management), through a candid conversation with Niraj Shah, Senior Editor –  Stocks,  ET NOW,  will share his market outlook and recommendations on how investors should diversify their portfolios before the much anticipated monsoon to maximise gains. Viewers interested in attending the events, to be held at the J B Auditorium, Ahmedabad Management Association can do so by registering themselves as per the respective event schedule (Seating will be on a first come first served basis).

  • ET Now brings ‘Kem Cho Gujarat’ on 26 May

    ET Now brings ‘Kem Cho Gujarat’ on 26 May

    MUMBAI: On viewers’ demand, India’s No. 1 English business news channel, ET Now, returns on 26 of May, with Kem Cho Gujarat, the knowledge-powerhouse ground initiative to empower individual investors across Ahmedabad and Gujarat. On monsoon-eve, ET Now is all set to make an even deeper connect with viewers and investors who, across three eventful days of Kem Cho Gujarat — through interactions the biggest market experts, live dealing room updates and investor education forums — will be empowered to pick the best stocks and make the best investment decisions to ride the bull run.

    With the much anticipated monsoon around the corner, Kem Cho Gujarat, is planned as yet another significant investor welfare initiative from India’s #1 business news channel ET NOW  from the TIMES NETWORK. 

    The activities will feature exclusive interaction opportunities with top market and business experts like Hiren Ved, Deven Choksey, Ashish Chugh and others along with ET NOW’s Niraj Shah and other market experts. Very special live coverage on Day One, i.e. Thursday, the 26 of May, from the state’s biggest brokerage firms and dealing rooms will help viewers to understand how the local players are dealing with the current market conditions. 

    On Day 2, 27 May, ET Now’s Niraj Shah gets together with ace market experts and analysts to power investors’ portfolios. He discusses with Deven Choksey (MD, KR Choksey Investment Managers Private Limited), Ashish Chugh (Hidden Gems) and Siddharth Bhamre (F&O Expert, ET NOW) on how investors should pick the right stocks for their portfolios. Viewers interested in attending the event, to be held at the J B Auditorium, Ahmedabad Management Association from 6 to 7.30 pm, can register on a first come first served basis  

    On Day 3, 28 May 2016, market guru Hiren Ved (Director & CIO, Alchemy Capital Management), through a candid conversation with Niraj Shah, Senior Editor –  Stocks,  ET NOW,  will share his market outlook and recommendations on how investors should diversify their portfolios before the much anticipated monsoon to maximise gains. Viewers interested in attending the events, to be held at the J B Auditorium, Ahmedabad Management Association can do so by registering themselves as per the respective event schedule (Seating will be on a first come first served basis).

  • TRAI won’t withdraw call drops penalty, to carry another audit in Dec

    TRAI won’t withdraw call drops penalty, to carry another audit in Dec

    NEW DELHI: The Telecom Regulatory Authority of India (TRAI) has reiterated that the newly-introduced penalty for call drops slated to come into effect from January will not be withdrawn.

     

    In a meeting with the chief executive officers of Telecom Service Providers (TSPs) to apprise them about the findings of the drive tests conducted recently in Delhi and Mumbai, TRAI said an audit of networks in Mumbai and Delhi had shown showed unsatisfactory network quality.

     

    TRAI, which had carried out special independent drive tests for Cellular Mobile Telephone Services in the Mumbai and Delhi in June and July and then in September this year, will carry out fresh audits in December to review the situation. There were no significant improvement in the performance of the TSPs.

     

    The findings of these tests along with a consolidated analysis of the reports were uploaded on TRAI website.

     

    The service providers had stated in their meeting with TRAI that they had taken and continue to take a number of steps to improve the quality of network in these areas and that the quality of service had improved.

     

    In the meeting, the findings of the test drive were discussed and the service providers were requested to take action for further improvement of the network conditions.

     

    TRAI officials agreed to share with service providers and other stakeholders the independent drive tests carried In other major cities – Surat, Kolkata, Bhubaneswar and Ahmedabad.

     

    The service providers had stated that there are a number of other issues affecting quality of service of the network resulting in call drops. The Authority assured it would extend whatever help possible to the telecom service providers.