YRF joins hands with SOTC, Brandinvest to promote film tourism

Bollywood production house Yash Raj Films, travel operator SOTC and Brandinvest will promote Swiss destinations through special film tourism packages

Innovation is the name of the game for both television and cinema marketing. Taking the trend forward, Hindi film producer Yash Raj Films (YRF) has joined hands with tour operator SOTC and Switzerland-based Brandinvest AG to promote film tourism.

According to the agreement, the partnership offers a unique and once-in-a-lifetime entertainment experience to Indians and Indian-film fans visiting Switzerland. The package named ‘YRF Enchanted Journey’ will give travellers an opportunity to live the YRF ‘experience’ by visiting original sites and locations in Switzerland used by the production house, YRF said in a release.

“Film studios across the globe have slowly shifted their focus to creating derivative ‘entertainment experiences’ around their actual movies, such as theme parks for instance, and we feel that this very innovative approach is a natural extension of the YRF brand of entertainment and provides a very personal experience for our audiences—something that has never been done before by an Indian entertainment brand,” said Yash Chopra.

Apart from the site visits, travellers will also be engaged with various themes and elements seen in the studio’s most famous movies, including ‘Dilwale Dulhania Le Jayenge’, ‘Mohabbatein’, ‘Veer Zaara’, ‘Chandni’, ‘Darr’ and ‘Bachna Ae Haseeno’. Screening of special unedited shots of various Yashraj movies is also being included in the package to offer more on the YRF ‘experience’.

Jorg Krebs, director for markets and representative of the \'YRF Enchanted Journey\' co-host, Switzerland Tourism, said, “The \'YRF Enchanted Journey\' tour spans the famous regions of Saanenland, Berne, Lucerne, Mount Titlis and Ticino and fits perfectly with our corporate strategy. This first collaboration between a film studio, a tour operator and a country with a national brand, will bring fruitful results for all involved as well as new emotions and experiences for our guests."

The ‘YRF Enchanted Journey’ offers tour packages ranging from seven days to 19 days. While the seven-day package would cost Rs66,990 plus €1,000, the 19-day package is priced at Rs91,990 plus €2,400.


Markets on a downward spiral

Indian markets may continue to slump due to fears over possible monetary policy tightening by the central bank

Indian markets opened up higher on reports of better-than-expected December 2009 quarter results by Infosys Technologies, announced before trading started.

At 12.00 hrs IST, the Sensex was trading at 17,561, up 34 points and the Nifty was trading at 5,256, up seven points, on back of higher than expected November 2009 industrial production data.

Bharti Airtel acquired 70% in Bangladeshi telecom player, Warid Telecom. Bharti said that the company will invest a total of $1 billion in Warid. It will make a fresh investment of $300 million. The stock gained 1.3%.

However, towards the end of the day, Indian bourses felt selling pressure following strong industrial production data along with an expected surge in wholesale price inflation. This news strengthened market expectations that the central bank may tighten monetary policy.

At 14.00 hrs IST, the Sensex slumped 62 points from the previous day’s close at 17,464 while the Nifty was trading at 5,226, down 22 points.

Take Solutions zoomed 7%, after the company launched new software as a service designed to deliver online supplier management to medium and large enterprises.

At the end of the day, the Sensex declined 104 points from the previous day’s close at 17,423 while the Nifty closed at 5,210, down 39 points.

Infosys ended up 4%. In the December 2009 quarter, the company posted a negative operating profit and sales growth of 3% and 2% respectively over the corresponding quarter last year.

Murli Industries surged 20% and Atco Corporation was up 4%, on reports that the companies’ respective boards would meet later in the month to consider a stock-split.

Sterlite Technologies rose 3%, after the company said its board will meet on 18 January 2010 to consider issue of bonus shares and a stock-split.

Suven Life Sciences rose 7% after the company secured two product patents, one each in China and in Russia on new chemical entities for treating disorders associated with neurodegenerative diseases.

According to latest government data, industrial output surged at a faster-than-expected 11.7% in November 2009 from a year earlier, helped by stimulus measures that boosted domestic demand. This growth was the fastest since October 2007, when the industry grew an annual 12.2%. Manufacturing production rose 12.7% in November 2009 from a rise of 2.7% a year earlier. The final figure for October’s annual industrial growth rate was unchanged at 10.3%.

As per reports, Montek Singh Ahluwalia, the deputy chairman of the Planning Commission, said that industrial output growth in the fiscal year to March 2010 will be higher than 2.6% recorded in 2008-09. He also said he hopes that inflation would come down, without specifying any time frame.

Meanwhile R Gopalan, secretary (financial services) from the finance ministry, said that the government will make all efforts to introduce the pension bill in the upcoming budget.

The next policy review by the Reserve Bank of India is on 29 January 2010.

During the day, Asia’s key benchmark indices in China, Indonesia, Japan, and South Korea were up by 0.27%-1.91%. However, indices in Hong Kong, Singapore and Taiwan fell by 0.17%-0.38%.

As per media reports, China’s central bank sold one-year bills at a higher yield for the first time since August 2009, fanning concerns that the government is moving to tighten liquidity. The People’s Bank of China raised the auction yield on one-year bills by a bigger-than-expected 8.29 basis points and drained a record 200 billion yuan ($29 billion) from the market, signalling a bias towards tightened monetary conditions.

On Monday, 11 January 2010, the Dow Jones Industrial Average and the S&P 500 were up 46 points and two points respectively while the Nasdaq Composite was down five points.

However, in premarket trading, the Dow was trading 71 points lower.

We expect the markets to slide downwards tomorrow.


EGoM on 3G fails to resolve major issues

Differences over the number of private players who will be allowed to offer 3G mobile services continue within the government as an empowered ministers' panel failed to reach any consensus

Differences over the number of private players who will be allowed to offer 3G mobile services continue within the government as an empowered ministers' panel on Tuesday failed to reach any consensus, reports PTI.

The Empowered Group of Ministers (EGoM), headed by finance minister Pranab Mukherjee, met in New Delhi to finalise the notice inviting applications (NIA) from potential operators to participate in the forthcoming auction for 3G spectrum.

The EGoM had decided in its last meeting that four blocks of 3G spectrum would be auctioned whereas the draft NIA document projected only three blocks.

The defence sector, according to sources, has already vacated 10 MHz of spectrum and five more MHz would be released by August this year, so this make airwaves sufficient only for three private operators besides State-run Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), which have already started services on commercial basis.

"Some of the issues were discussed at the EGoM. Some of the issues between the defence (sector) and DoT are yet to be resolved. The chairman (Mukherjee) took all the views. He will decide. If necessary, another consultation will take place. Otherwise he will decide," telecom minister A Raja told reporters after the meeting.

Asked whether the timeline for auction of 3G spectrum would be pushed further, the minister said, "As of now, it has not been pushed. There are a number of areas of differences. It will be resolved."


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