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AP to have IT-enabled cinema theatres
Hyderabad: Andhra
Pradesh will be the first in the country to have a taste of IT enabled cinema
theatres.
The state government has recently
passed a government order allowing a private investor to put up 1,125
IT-enabled small capacity cinema theatres in the state.
Prathina Net Entertainment plans to
set up 1,125 theatres which will screen the latest flicks using DVD-ROM
technology. The IT-enabled cinema system comes as a package comprising an
information kiosk, STD/ISD PCO facility, a digital cinema server, digital
projector and other associated accessories.
The digital screening facility will
screen digitally encoded and encrypted films distributed by DVD-ROMs initially
and at a later stage through optical fibre and satellite streaming.
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Govt, Suzuki
agree on MUL divestment
New Delhi: Suzuki Motor
Corporation of Japan and the government of India have reached an agreement on
divestment of equity in the joint venture Maruti Udyog Ltd by the Indian
partner.
The broad agreement was reached after three month long negotiations.
Government is expected to divest up to five per cent of stake by not
participating in the proposed Rs 400 crore rights issue in lieu of renunciation
and control premium. The two sides have also agreed on pricing of MUL equity
and premium for the rights issue.
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RIL
official to surrender
New Delhi: A Delhi
court stayed the non-bailable warrant issued against Reliance Industries group
oresident V Balasubramaniam for alleged violation of Official Secrets Act till
13 May after his counsel gave an undertaking that he will surrender before the
court on the same day.
Chief metropolitan magistrate Sangita Dhingra Sehgal said the accused should
surrender before the court at 1000 hours on 13 May.
Balasubramaniam and two other Reliance officials were named in the CBI
compliant after the agency had recovered four sensitive secret documents
pertaining to cabinet meetings in 1998.
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