Rajesh Bahl promoted to chief operating officer of Eros Digital

Rajesh Bahl will oversee the development plans of the growing Eros Digital and new media arm of Eros International

Eros International Media Ltd, India's largest integrated film studio, has announced the promotion of Rajesh Bahl as chief operating officer of Eros Digital, a newly formed division of Eros, with effect from 1st June.

In his new role, Bahl will oversee the development plans of the rapidly growing digital and new media arm of Eros International. Bahl previously led the digital efforts as chief digital officer of Eros India since his appointment in March 2010. As COO, Bahl will report into Ricky Ghai, CEO of Eros Digital.

Rajesh Bahl said, "I look forward to launching several exciting new digital services for both the Indian market and the global diaspora."

Bahl has close to 14 years of experience in the media & entertainment industry and has held senior positions in Star India, a fully owned subsidiary of News Corporation, Universal Music Group and Sony Music Entertainment.


Food inflation at 7.61% for week ended 25th June, lowest in seven weeks

Vegetables, pulses cheaper, but fruits and onions costlier; fuel inflation stays high

New Delhi: Food inflation dropped to 7.61% for the week ended 25th June on cheaper vegetables, pulses and potatoes, the government said on Thursday. That's the lowest in seven weeks.

In the previous week food inflation, as measured by the Wholesale Price Index (WPI), was at 7.78%. It was at 20% in the comparable period a year ago.

The fuel price index was at 12.67% in the week to 25th June, against 12.98% in the previous week.

The Reserve Bank of India (RBI) has suggested that headline inflation over the next few months would be driven more by high global commodity prices, rather than prices of food items, as was the case in 2010, PTI reports.

According to data released by the government today, pulses were more than 9% cheaper year-on-year during the period under review. Prices of vegetables also came down by 8.74% and potatoes were 2.13% cheaper on an annual basis.

But the prices of other food items remained high during the week. Fruits were 22.75% more expensive, and the cost of onions was higher by 21.24% year-on-year. Eggs, meat and fish prices were up by 10.12% and cereals by 4.26%. Milk was 12.10% costlier on an annual basis.

The latest numbers on the rate of price rise of food items are the lowest since the week ended 7th May when food inflation was at 7.47%. Headline inflation in May was at 9.06%. Only yesterday, finance minister Pranab Mukherjee cautioned against the "suppressed component" of inflation.

"There is a significant suppressed component of inflation as the increase in international crude oil prices has not been passed on completely despite increase in domestic administered oil prices effected in June 2010 and June 2011," he said.

Inflation in overall primary articles stood at 11.56% for the week ended 25th June, down from 11.84% in the previous week. Primary articles have a share of over 20% in the WPI basket.

The rate of increase in prices of non-food primary items stood at 17.69%, lower from the 17.91% in the previous week. However, the hike in the prices of diesel, cooking gas and kerosene announced by the government on 24th June is not reflected in these numbers. The exception was LPG, which became dearer by 14.58%. The inflation index for LPG stood at 11.31% during the last few weeks.

(Reuters) - The food price index rose 7.61 percent and the fuel price index climbed 12.67 percent in the year to June 25, government data showed on Thursday.

In the previous week, annual food and fuel inflation stood at 7.78 percent and 12.98 percent respectively.

The primary articles price index was up 11.56 percent, compared with an annual rise of 11.84 percent a week earlier.

India's central bank raised key interest rate last month for the 10th time since March 2010 to combat sticky inflation, currently hovering above 9 percent, and signalled more increases to come even as growth in Asia's third-largest economy is slowing down.


CBI to provide Radia's telephone talk transcripts to 2G case accused by Tuesday

Some of the accused in the telecom licences and spectrum allocation scam had complained to the Special Court that they were not provided the transcript, even though Niira Radia had been made a key witness in the case

New Delhi: The CBI has told the Special Court investigating the 2G scam, that it would provide the accused by 12th July the transcripts of tapped telephonic conversations of corporate lobbyist Niira Radia with various people.

"We will supply Niira Radia's tapes by 12th July," CBI prosecutor AK Singh told special CBI judge OP Saini. The agency told the court that it would also provide some additional documents to the accused on 12th July, reports PTI.

The CBI's commitment comes after some of the accused complained to the Court that the CBI had not provided them the transcript of Radia's conversations, despite her being made a key prosecution witness in the case, and her statements to the CBI referring to the conversations.

Swan Telecom, which has been named in the scam, yesterday told the Court that the CBI should supply them the documents, which it has filed in the court along with the charge-sheet, so that they could respond.

The counsel for other accused also pointed out to the court that the CBI was withholding from them some of the documents which they had filed in the Court. The CBI, however, countered this saying there are some documents on which they have not relied upon and thus the accused were not supplied the copies of such documents.


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