Citigroup CEO Vikram Pandit has lost the battle for Wachovia’s banking assets and will not come in the way of Wells Fargo acquiring all of Wachovia. It’s of course possible that the U.S. government may have pressured Citi and the Desi butcher Vikram Pandit to shut up or promised Citi some other candy later in exchange […]
Wonder how much Eros International, the Bollywood film producer and distributor (including of plagiarized Hollywood films), stands to lose from the Drona disaster? Boy, as co-producer of Drona and the movie’s global distributor, those Eros folks really pinned their hopes high on this big-budget movie. As the Eros PR machine exclaimed a few weeks back: Drona sets a new […]
Om Malik’s GigaOm blog network has raised $4.5 million in a new round of financing. GigaOm is a decent source of information on digital media and a blog that we read fairly often. Early-stage VC firm Alloy Ventures was the lead investor in the latest round, which included participation from existing primary investor True Ventures […]
Just days after Citigroup CEO Vikram Pandit was gloating about picking up the banking business of Wachovia Corporation with the blessings and support of the U.S. government, Wells Fargo seems to have snatched the prize away. The Wachovia board has approved Wells Fargo’s offer of $15.1 billion ($7 per Wachovia share), which does not require […]
We have always wondered why one of the biggest Bollywood movie distributors Eros International associates itself with Hindi movies that are lifted from successful Hollywood movies. Over the last couple of years, Eros has been involved with at least three high profile Hindi movies that are outright lifts of Hollywood movies – Partner (Hitch), Heyy […]
Reliance Anil Dhirubhai Ambani Group chief Anil Ambani has sued his elder brother Mukesh Ambani and the New York Times newspaper in the Bombay High Court for defamation and is claiming Rs 10,000 crore (about $2.18 billion) in damages, according to Mumbai newspaper DNA. Here’s an excerpt from the DNA story: Anil has alleged that […]