Reliance Communication with 'BIG TV' --"40% Market Share"

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India's Reliance Communications Ltd. said it launched its direct-to-home (DTH) services venture through its wholly owned subsidiary Reliance BIG TV Ltd.

'The DTH market stands at six million households now of the 125 million television viewing homes in India,' said Arun Kapoor, President, Reliance Communication. 'This number will double in a year and we will hold a 40 percent market share.'

The company will compete with players like Tata Sky, Dish TV India Ltd., Prasar Bharati's DD direct and Sun TV DTH and new players like Videocon Industries Ltd. and Bharti Airtel Ltd., which are planning DTH services.

'The market is set to expand as bigger players come into the fray,' said Kapoor. 'There is a huge opportunity, as less than five percent of all TV homes in India are DTH.'

BIG TV said it plans to launch DTH services with 100,000 retail outlets across 6,500 Indian towns, besides which, it will open 2,000 exclusive stores.

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Trading Information Platform

New Site Serves Southern California Sports Lovers of All Ages

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Its Broker time to LEARN.

The downturn in the stock market has been a period of learning for stock broking firms, it appears. After the battering of stocks, some of these broking houses have bolstered their risk management systems.

They are now paring the stock-exposure limits of investors besides not putting through trades in some illiquid stocks and implementing net worth criteria for F&O investors to mitigate unforeseen financial risks.

This new-found resolve shown by brokers comes at a time when the market is experiencing a major bout of volatility, contradictory trends and rapid price movements.

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