DQ Entertainment signs pact with ZDF Enterprises worth euro 9 million
DQ Entertainment (International) Ltd said that it has signed co-production agreement with ZDF Enterprises of Germany for a second season of the 3D HD animated series, Jungle Book, 52 episodes of 11 minutes each. The budget for the production is euro 9 million.
ZDF Enterprises, with German pubcaster ZDF, has taken the lead as chief production partner of the second season. It will distribute the new adventures of Mowgli and his friends in more than 60 countries in Europe and Latin America.
The first season has been an unqualified success and has been picked up by a number of marquee networks covering over 160 countries worldwide. It will also be aired on multiple Disney channels around the globe.
It's expected that the second season will further boost the merchandising and licensing of the property, which already has many deals agreed for toys, apparel, board games, outdoor action games, beach toys and food items.
On Friday, DQ Entertainment ended 1.93% down at Rs81.40 on the Bombay Stock Exchange, while the benchmark Sensex declined 2.39% to 18,008.15 points.
Hughes Communications India signs contracts with United Bank of India and UCO Bank
Hughes Communications India Ltd, a provider of broadband satellite and managed network services, said it has signed two contracts to provide service to regional rural banks.
The first contract award is from United Bank of India valued at Rs8 crore, under which Hughes will provide broadband services connecting 1,095 regional rural bank locations. The second contract, valued at Rs7.5 crore, was awarded by the UCO Bank to deploy a network of 808 satellite terminals for regional rural bank connectivity.
The UCO bank agreement is signed for seven years and the United Bank of India agreement will span for five years.
IDFC Mutual Fund new issue closes on 14th February
IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Sixteen Months Series 3, a close-ended income scheme. The duration of the scheme is 16 months.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme.
The new issue opens on 4th February and closes on 14th February. The minimum investment amount is Rs10,000.