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Skyline Business School |
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Issue:8
Advertising & Marketing
The government said it would soon come out with a comprehensive legislation to ban advertising and control the use of tobacco, with the Cabinet approving ratification of the Framework Convention on Tobacco Control (FCTC).
With this approval, India will become the seventh nation in the world to ratify this global convention, Parliamentary Affairs Minister Sushma Swaraj said. It would be implemented three months after at least 40 nations ratify it. As per the convention, a comprehensive legislation is needed by member countries and government will be ready with this legislation within 10 days. This bill will seek to ban advertising of tobacco products across both print and electronic media. Source: NDTV.com, Dec.11, 2003Zee Telefilms Ltd (ZTL) is considering merging some of its wholly-owned subsidiaries with itself as part of its restructuring process.
The possibility of the merger of ETC Networks with ZTL is also on the cards as the boards of both companies are meeting on December 15 to "consider corporate restructuring plans." Currently, ZTL has 18-20 subsidiaries formed during the process of organic and inorganic growth over the years. The primary intention of the merger is to simplify ZTL's corporate structure. "Changes in the regulatory and tax framework over time have prompted us to look at merging these subsidiaries with ZTL," said the official. As of December 2002, ZTL had a 51.01 per cent stake in ETC Networks. ETC Networks runs two channels ETC Music and ETC Punjabi. Equity analysts tracking this sector said this merger, if true, could augur well for the shareholders of ETC. Source: The Hindu Business Line, Dec.9, 2003
The Supreme Court on Monday admitted two petitions by five
journalists of The Hindu and the editor of the DMK mouthpiece Murasoli,
who challenged the Tamil Nadu assemblys resolution sentencing them to 15 days
imprisonment for breach of privilege. A bench comprising Justices Y K Sabharwal and B N
Srikrishna referred the petitions to a constitution bench, which would decide the question
on penal jurisdiction of an assembly, individuals right to freedom of speech and
expression, and right to life and liberty under the constitution. The bench also took up a
writ petition by Hindu editor N Ravi questioning a series of defamation cases slapped
against the newspaper by the Tamil Nadu chief minister. Source:
Hindustan Times, Dec.9, 2003
The world
A new magazine wants to put the successes of gay and lesbian professionals on the US corporate map.
Named Echelon, referring to gay professionals climbing the ladder in America, the bi-monthly magazine will seek to distinguish itself from other gay publications largely focused on politics. We want to be recognized for something other than our political advocacy, our partying and our entertainment, said Echelon publisher Michael Lamb. From a corporate standpoint, IBM helps sponsor an online gay business-networking group and regularly advertises in gay publications. The timing is perfect for us, said Lamb, advertisers have been looking for traditional ways of reaching the market. From the advertising side, companies are paying heed to the estimated $450 billion spending power of the gay and lesbian community after years of fearing a backlash from their general market. Source: The Indian Express, Dec.4, 2003Films & Cinema
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