14 Dec 2017
Live Post
ACT Fibernet rolls-out 1 Gbps plan in Bengaluru after Hyderabad
Vishnu Shankar takes charge as &TV business head
Unitech Shares Plunge 13% As Supreme Court Stays NCLT Order
Tax department probes unregulated bitcoin exchanges after valuations jump
Coal scam: Fmr Jharkhand CM Madhu Koda, Fmr coal Secy held guilty
Deadline for linking PAN with Aadhaar was extended to March 31, 2018

Hindujas plan to merge HITS with cable TV biz; Tony D’Silva to take charge

MUMBAI: Hinduja Group is planning to merge its proposed Headend-in-the-sky (HITS) business with its cable TV distribution outfit. Tony D’Silva will head both the businesses, a source in the company said.

Tony D'Silva

D’Silva has replaced Ravi Mansukhani as the managing director of IndusInd Media and Communications Ltd (IMCL). Mansukhani has resigned from the company, the source added.

The HITS business is under Hinduja Group’s investment arm Grant Investrade, which had applied to the Information & Broadcasting ministry for a licence to operate HITS. The company’s HITS licence is still pending government approval.