UTV Software Communications Ltd, an Indian media and entertainment company, has declared that company will purchase an additional 10% stake in the UTV Global Broadcasting Ltd.

The deal is priced at Rs 329.7 million.

The shares will be purchased from UTV Software’s promoter group company, Unilazer Exports & Management Consultants Ltd.

UTV Software holds 75% of UTV Global.

UTV Software also said that its broadcasting section has met its advertising revenue objective for the year to March 2009.

According to Global Information Technology Report 2008-2009 released today, China has defeated India on the worldwide IT (information technology) radar, by gaining the 46th position in what is known as the Network Readiness Index (NRI).

At the same time India fell to the 54th grade from the 50th position during the last year, China jumped 11 points to come forward as a more innovative nation in promoting its global IT interests.

Soumitra Dutta, management academic at INSEAD, France, made this announcement.

Vienna  - With long-serving director Mohammed ElBaradei uninterested in a fourth term, the board of the International Atomic Energy Agency (IAEA) is set to meet Thursday to pick a successor.

Two candidates have thrown their hat into the ring.

Yukiya Amano, 62, is currently Japan's permanent representative and ambassador to the IAEA.

Abdul Minty, 69, has been South Africa's representative to the IAEA since 1995. He is also deputy director general of South Africa's Foreign Affairs Department.

Bharat Sanchar Nigam Limited (BSNL), India's No. 1 telecommunications company, and Research In Motion (RIM), a leader in providing wireless solutions for the global mobile communications market, have made announcement about the launching of BlackBerry services in the Indian market.

BSNL clients can now make the most of this new service, which helps them stay connected with their near and dear ones while on the move.

Mr. Kuldeep Goyal, CMD BSNL at Chandigarh, stated that said that the BlackBerry services will augment the company’s existence in the Indian mobile market.

Packed with Qualcomm's cell phone technology, start-up Zeebo's first video game console for "the next billion" will be launched next month. Priced at $199, the console will specifically target the "emerging" BRIC - Brazil, Russia, India and China - markets.

Given the fact that Zeebo's console is developing world-specific, it is not intended to offer any direct competition whatsoever to the "big three" namely - Sony's PS 3, Microsoft's Xbox 360, or Nintendo's Wii.

L&T and Spice Group have emerged as front runners among seven other players for acquiring 51 per cent stake in the tainted Satyam Computer Services.

The company has been in limelight following the disclosure of largest ever corporate auditing fraud by its founder chief B Ramalinga Raju and other top executives of the Indian outsourcer.