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Punjab govt slaps Rs 684 cr tax evasion notice on Fastway; MSO denies charges

The Punjab govt has slapped a Rs 684-cr tax evasion notice on Fastway Transmission for allegedly evading taxes by under-declaring subscriber numbers. The allegation is that the MSO has been evading ET, sales tax, road digging charges and charges for using electricity poles in the 10-year reign of the Akali Dal govt. Fastway has denied such charges.

GTPL Hathway IPO oversubscribed 1.5 times on final day

The IPO of GTPL Hathway was fully subscribed on the final day of the issue on Friday. The issue was oversubscribed 1.52 times, data from stock exchanges showed. It received bids for 30.86 mn shares against the total issue size of 20.21 million shares, excluding the anchor investors’ portion.

GTPL Hathway IPO subscribed 41% on second day

The portion of shares reserved for QIBs was subscribed 69%, non-institutional investors 15% and retail investors 15%. The issue closes today.

GTPL Hathway IPO subscribed 27% on debut day

The portion reserved for qualified institutional buyers was subscribed 69% and retail investors 15%. The IPO closes on Friday.

GTPL Hathway, Darsh in advanced talks to set up JV for expansion in Bihar

GTPL Hathway, which is raising Rs 480 cr via IPO, and Patna-based Darsh Digital Network are in advanced talks to form a 50:50 JV to expand in the Bihar market. Talks are also on to stretch the JV to the Jharkhand region.

Tata Elxsi integrates Android TV middleware with Airtel Digital TV’s hybrid STB

Tata Elxsi has executed the integration of Android TV middleware with DTH operator Airtel Digital TV’s hybrid STB.

Hathway adds two new subscription services to its VAS offering

Hathway Cable & Datacom has launched two new add-on subscription services, ‘Play My Play’ and ‘Hare Krsna’, for Rs 40 and Rs 25 per month, respectively.

Arasu receives 5 bids for supply of STBs

After extending the bid submission date for digital STBs to 9 June, Arasu has received interest from 5 players. The state-owned MSO will procure 70 lakh STBs.

GTPL Hathway eyes future growth through broadband, HD

GTPL Hathway may look at acquiring primary points and stakes of its JV partners. OTT service is also on the radar.

Sony issues disconnection notice to IMCL, NXT Digital

After Star, Sony has threatened to disconnect the signals of its channels and those of TV Today Network to IMCL and NXT Digital.