Sony targets Kerala for 'Onam'

Consumer electronics major Sony India today said it was targetting Rs 100 crore turnover during the 'Onam' festival in August in Kerala and consolidating its position as the top brand in the state. Aiming to consolidate its position as the top brand in consumer electronics in Kerala, Sony India has set a target of 45 per cent growth for the festival this year," Sunil Nayyar Senior General Manager Sales, told reporters here. The company would focus on Bravia LCD televisions,Cyber shot cameras and Home Theatre systems and would aggresively promote the products to achieve the ambitious target figures, he said.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Sky Sports broadcast costs set to rise

Sky is putting up the price of its Sky Sports channels, raising the cost to BT and Virgin of broadcasting live events such as Premier League football. BT announced on Thursday it will charge customers £16.99 a month for both Sky Sports 1 and Sky Sports 2, or £11.99 for just one of the channels. But the wholesale cost of the channels to BT will rise to £19.07 in September. This is because the wholesale cost is directly linked to the price that Sky charges its customers. Sky is increasing the retail price of its sports channels from £35 to £38 in September. For customers who want just Sky Sports 1 or Sky Sports 2, the cost will rise from £26 to £29. Sky told the BBC that it tended to review its prices in September each year, and would introduce the £3 increase to cover the costs of a new three-year deal to broadcast live Premier League football.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR

Bank of China to raise up to $8.9bn in share issue

The Bank of China says it plans to raise up to 60bn yuan ($8.9bn;£5.9bn) by issuing new shares in Hong Kong and Shanghai. It is part of a $42bn fund-raising effort by China's four biggest lenders, designed to boost their capital bases. The Agricultural Bank of China is preparing for what is expected to be the world's largest share issue. The banks have to boost their balance sheets after increasing lending as part of government stimulus measures. The government has ordered them to keep more money in reserve after they embarked on a massive lending programme which left reserves out of kilter with loans oustanding.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Toyota recalls 270,000 vehicles over faulty engine fear

Toyota is to recall 270,000 cars worldwide - including 138,000 vehicles in the US - because of an engine fault. Toyota said the recall included seven luxury Lexus models - some of them in the UK - and the popular Toyota Crown. The latest quality problem follows the recall of more than 8m vehicles which had problems with sticking accelerator pedals earlier this year. The company was fined $16m (£10.6m) in the United States for its slow response to the accelerator fault. The company is still facing more than 200 lawsuits tied to accelerator accidents.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

HSBC buys RBS' India biz worth $1.8 bn

The Hongkong and Shanghai Banking Corporation announced it will acquire the Indian business of Royal Bank of Scotland worth USD 1.8 billion, a move that will help the British giant gain greater exposure in the country. RBS's retail and commercial banking businesses in India currently have 1.1 million customer relationships served by over 1,800 staff through 31 branches. HSBC expects to complete the acquisition through its Indian subsidiary by the first half of 2011. The total consideration will comprise a premium of up to USD 95 million over the tangible net asset value of the businesses being acquired at the closing of the transaction, less an adjustment equal to 90 per cent of any credit losses incurred on the unsecured lending portfolio in the two years subsequent to deal completion, HSBC said in a statement here.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Times begins charges for online readers

The Times newspaper has begun charging readers to access its online content. From now on, access to the Times and Sunday Times website will cost £1 per day, or £2 a week if readers sign up to a subscription. News International, which owns the papers, announced plans to impose charges earlier this year in response to falling advertising income. Currently the Financial Times and the Wall Street Journal are the only major papers to have similar paywalls. All other national papers offer free access to their sites, but are likely to watch the launch of the Times paywall closely. Falling readership numbers and advertising revenues have put significant pressure on newspapers in recent years, and devising the best way to make money from content is seen as a major challenge for the industry.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).

Sky Sports broadcast costs set to rise

Sky is putting up the price of its Sky Sports channels, raising the cost to BT and Virgin of broadcasting live events such as Premier League football. BT announced on Thursday it will charge customers £16.99 a month for both Sky Sports 1 and Sky Sports 2, or £11.99 for just one of the channels. But the wholesale cost of the channels to BT will rise to £19.07 in September. This is because the wholesale cost is directly linked to the price that Sky charges its customers. Sky is increasing the retail price of its sports channels from £35 to £38 in September. For customers who want just Sky Sports 1 or Sky Sports 2, the cost will rise from £26 to £29. Sky told the BBC that it tended to review its prices in September each year, and would introduce the £3 increase to cover the costs of a new three-year deal to broadcast live Premier League football.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).