iWorld
Intel to invest $49 million in IndusInd broadband venture
Intel Capital is investing close to $49 million in the Hinduja-run IndusInd Media as it makes its forays into the brave world of broadband and Internet delivery. The players involved have gone if for a convoluted structure for the investment. Intel Capital is actually picking up a 49 per cent stake in Grant Investrade Pvt Ltd, a subsidiary of Hinduja Finance, which in turn is owned by the Hindujas. The remaining 51 per cent stake in Grant Investrade continues to stay with Hinduja Finance.
Grant Investrade holds 3.5 percent in IndusInd Media & Communications Ltd (IMC) and will increase its holding to 6.7 percent by directing the investment from Intel into IMC. IMC operates under the brand name IN CableNet.
Intel Capital’s ultimate total investment could be increased up to 20 percent in IMC. The investment is subject to Indian regulatory clearances.
“This investment reflects Intel’s ongoing commitments to enable rapid deployment of high-speed Broadband internet access on a world wide basis”, said Claude Leglise, Intel’s Vice President and General Manager, Intel Home Products Group. “We have decided to participate in IN CableNet, India’s largest Multi-Systems Operator (MSO), based on IN CableNet’s unique market positioning, the company’s vision, capabilities and our common objectives for the Indian broadband market segment”.
IN CableNet is the only corporate effort in India, to build the information super highway, with the first 550 MHz cable system, being up-graded to Broadband network with fiber optic trunks. It offers high quality multi-channel transmission to more than four million Indian homes. It is classified amongst the 10 largest Cable TV Operators in the world in terms of subscribers. The network operates in nine cities with market leadership. In Mumbai, it claims to serve over 80 percent of the cable market and in the principal cities of Delhi, Bangalore, Hyderabad and Ahmedabad, it has a claimed over 60 percent of the Cable & Satellite market segments.
Ashok P. Hinduja, Chairman, Hinduja Finance, recently announced the Group’s “TMT” strategy continuing to create value through the convergence of Technology, Media and Telecommunications. “We believe this relationship with Intel will add significant momentum to IN CableNet ‘s deployment plans of Broadband to strengthen the Group’s leadership position in the convergence space.”
“This investment is strategically important to Intel South Asia, it reflects the importance we place on developing Broadband infrastructure to address the growing demand for internet access in the Indian market,” said Avtar Saini, Director of Intel South. “Over the past 15 months, we have invested in 15 companies in India. Today’s announcement is the largest Foreign Direct Investment (FDI) in Indian Broadband infrastructure and reflects our commitment to invest in India’s growing technology sector”.
The IN CableNet success story has taken five years, said A. K. Das, Chairman, IndusInd Media & Communications. “With its market segment leadership position and its dynamic management, the company will now exponentially grow to expand operations on a nationwide basis,” he said. “The IN CableNet infrastructure will be enhanced with state-of-the-art technology to make convergence a household reality. We are excited about this new association with Intel Capital, which will enable IN CableNet to continue to maintain the technological edge.”
iWorld
Prime Video unveils trailer for Tamil series Exam, streaming May 15
Dushara Vijayan, Aditi Balan headline scam thriller set in exam world
CHENNAI: Prime Video has dropped the official trailer of its upcoming Tamil Original series Exam, a high-stakes suspense drama set in the murky world of competitive entrance exams.
Backed by creative producers Pushkar and Gayatri under Wallwatcher Films, the seven-episode series is written and directed by National Award-winner A. Sarkunam. It stars Dushara Vijayan and Aditi Balan in lead roles, with Abbas playing a pivotal character.
Set in the fictional town of Thykara, the series follows Jhansi, played by Dushara Vijayan, as she attempts to expose a deep-rooted scam, aided by her mentor Jayachandran, played by Abbas. Standing in her way is DSP Maramalli, portrayed by Aditi Balan, setting up a tense face-off driven by ambition, pressure and moral choices.
The show will stream from May 15 on Prime Video in India and across more than 240 countries and territories. It will be available in Tamil, with dubbed versions in Telugu, Hindi, Malayalam and Kannada, along with subtitles in 15 languages.
Writer-director A. Sarkunam said the story aims to resonate across geographies and social strata, going beyond the scam to explore ambition, pressure and the consequences of personal choices. He added that the narrative unfolds through the intersecting journeys of Jhansi and Maramalli, building tension as their worlds collide.
Dushara Vijayan described Jhansi as a fierce and determined character, calling the role both demanding and rewarding, with the story capturing the difficult choices her character must make.
Aditi Balan said the series offers a hard-hitting look at the exam ecosystem, adding that her character is layered and shaped by both internal conflict and external pressures.
Abbas, marking his return to mainstream Tamil entertainment, said the series stands out for its layered storytelling and unpredictable twists, with his character adding depth to the central narrative.
With its mix of suspense, social commentary and character-driven storytelling, Exam is shaping up to be a tense watch as it dives into one of India’s most high-pressure systems.
