News Broadcasting
Maya Entertainment gets Intel to invest again, bags $5 million outsourcing contract
MUMBAI: Ketan Mehta promoted Maya Entertainment Ltd, a leading computer animation and visual effects studio for film and television in India, has received a third round of funding to meet its expansion plans from Intel Capital.
Intel Capital’s latest investment in Maya is via a new fund it has floated – Intel Capital India Technology Fund.
Maya has got outsourcing contracts worth $5 million to be executed over a period of 18 months. “We are doing it for a UK-based production company,” says Maya Entertainment Ltd CEO Rajesh Turakhia.
For the 30-episode animation TV series, the contract is worth $3.65 million. “The remaining amount will be towards work for direct-to-home (DTH) DVD which will be completed by October 2006,” says Turakhia. The project for the TV series is expected to be complete by March 2007.
Maya Entertainment will soon expand its seat capacity to 200, Turakhia says. The target is to have a 300-seat capacity by beginning of 2007. The company is in negotiations for three more animation outsourcing projects.
Intel Capital had first invested in Maya in 2000. The second round of funding took place in 2003. Intel has done the fresh funding through its Intel Capital India Technology Fund. Out of the Fund’s corpus of $250 million, Intel has completed three investments for an undisclosed amount in Indian companies.
Bangalore-based Mobiapps, a provider of hybrid terrestrial and satellite technologies for commercial communications, has received a funding of $10 million. The financing round was led by UOB Venture Management, a wholly owned subsidiary of United Overseas Bank Ltd, and other new investors included Intel Capital. Existing investors also participated, including Partners Group. Beacon Advisory acted as financial advisors to the company for this equity funding. The company will use this investment to accelerate its global sales and marketing, new product launches, and next generation product development.
Intel’s third investment is in Pune-based Persistent Systems Private Ltd, a provider of outsourced software product development services. Mobiapps is new to the Intel Capital portfolio, and Maya Entertainment and Persistent Systems are follow-on investments in companies that have been part of the Intel Capital portfolio since 2000.
News Broadcasting
Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
