India 4th Largest Illegal Downloader of Data

India is losing $959 million and 571,896 jobs due to piracy. According to Envisional and DtecNet, two global firms engaged in providing software solutions to track and prevent piracy of digital content and online business, the facts are staggering. US, Britain, Canada and India were the top 4 piracy-infested nations. The downloading occurs mainly through peer-to-peer (P2P) file-sharing networks like BitTorrent and cyberlockers, or web-based file hosts such as RapidShare or HotFile.

The unfortunate part is that there is no enforcement of under-effective anti-piracy laws. Rajiv Dalal, Managing Director, Motion Picture Distributors Association (India) said, "We need strong laws to support copyright, strong enforcement of those laws, stiff sentences for people who violate those laws, and most important, an understanding by ordinary citizen that buying pirated movies hurts the industry and makes it difficult for movie-makers to make new films." Michael Ellis, President and Managing Director of MPDA (Asia-Pacific) feels that a widespread awareness of the evils of piracy amongst the general public will be quite effective.

As per statistics, Hindi films are most downloaded. The latest 'Kaminey' was downloaded 350,000 times on BitTorrent and out of these two-thirds were from Indian IP addresses! Closely followed were Tamil and Telugu films downloaded mostly in Chennai and Hyderabad, respectively.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.