SunTV

Sun TV beams up 48% net profit:

 Sun TV Network has reported 48 per cent growth in net profit to Rs 225.49 crore for the quarter ended December 31, 2010, from Rs 151.94 crore in the comparable previous year quarter.

The turnover went up by over 51 per cent to Rs 597.99 crore during the quarter, from Rs 395.08 crore last year.

Though The Company had a pretty good run on multiple fronts, the growth can predominantly be attributed to growth in advertising and subscription revenues and the blockbuster movie Enthiran. With 16 per cent growth over the comparable previous year quarter, the network's advertising revenue growth outperformed the industry growth of 12 per cent during the quarter. Similarly, on the subscription front too, there was “considerable growth” on both cable and DTH platforms. During the quarter under consideration, the company released the movie Enthiran in three languages — Tamil, Telugu and Hindi. It earned revenues of Rs 179 crore.

The board has also declared an interim divided of 100 per cent (Rs 5 per share). The Sun TV scrip closed on the BSE at Rs 482.40 from Rs 498.40

Airtel 3G: 1 lakh hook up

Within 72 hours of launch, 1 lakh hook up for Airtel 3G

Airtel has succeeded in enlisting over one lakh customers for its range of 3G services within 72 hours of its launch.

The response has been mind boggling with the total consumption of around 200 GB a day.

Bharti Airtel will rollout the services in 13 circles by March. Over the next one year, it plans to extend the services to 1,500 cities and towns.

In the 72 hours of the service becoming operational in Bangalore, around one lakh customers are enjoying a variety of services, including video call , movies and music, according to a senior company official.

Airtel will offer services such as video call, live streaming of video, high speed Internet, mobile TV entertainment through the 3G technology. Users can also avail themselves of the services through the existing ‘SIM' cards.

For laptop users, Airtel offers 3G ‘dongles.

PACKAGES

In a bid to attract mass trial and adoption of the service , the company offers packages of up to ten days. For Rs 8, under the Sachet plan , a user can avail himself of 10 MB of free data (one day validity); and 65 MB for Rs 63 and one day validity.

the company's cumulative spending in Tamil Nadu was Rs 7,000 crore.

Business Loans: Six Steps

Six Steps to Successfully Getting Business Loans

1. Decide how much money you need and for what purpose. Coming to a clear understanding of the purpose of your loan is key in selecting the kinds of business lenders you will need to approach since many commercial lenders specialize in certain areas. Some of your options would be working capital, inventory, equipment, expansion and new facilities financing.

2. Determine what collateral you will use for the loan you are seeking some of you options are your cash flow, inventory, equipment, receivables, commercial property, a new contract and personal guarantees. While you may not have to come up with 100 percent collateral coverage all lenders will want some kind of guarantee so start lining up your collateral.

3. Pull your company’s business credit report and examine it very closely for accuracy and any errors, the last thing you want is for something unexpected to prevent you from obtaining your loan. Also pull your own personal credit report and those you of your top management team or key officers and partners and do the same kind of through review as you did with your business credit report.

4. Prepare a good business plans detailing your business operations, how you will use the funds you receive, and what kind of profits your use of these funds will create. The profits your use of the business loan will create is key to any business plan or funding request, because it is from those profits that the loan will be repaid.

5. Develop a list of lenders specific to your loan needs your list could include commercial banks, commercial finance firms, specialty lenders, private lenders, and government loan programs. In selecting lenders keep in mind that while commercial banks have very strict lending guidelines there are many different kinds of commercial lenders who will lend to companies that banks will not.

6. Select those lenders you want to work with and prepare and submit your loan requests to them then give them plenty of time to make a decision on your loan request. The last thing you ever want to do is to try and rush a lender into making a fast loan decision on a loan request, or you won’t like the fast decision you get I promise.

In your search for a business loan there are many factors that are beyond your control, but these steps are six factors that you can control as you look for business financing. In troubled economic times like those we are experiencing now you may have to look a little longer for the business loan your company needs, but it will be worth the effort when you get the money you need to operate and grow your business.