TataSky under MRTPC lens

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PERSISTENT SYSTEMS: OPERATING WITH 200 PLUS CUSTOMERS AND 4500 EMPLOYEES CURRENTLY
PERSISTENT SYSTEMS: 25% BIZ COMING IN FROM THE TELECOM SPACE, 15% FROM LIFE SCIENCES
PERSISTENT SYSTEMS: HAVE RECENTLY SET UP HYDERABAD SEZ, MAJORITY GROWTH TO COME FROM THERE
MARKET VIEWS: ICICI SEC: REMAIN BULLISH ON I.T. SECTOR; TECH STOCKS TO OUTPERFORM MARKETS
MARKET VIEWS: ICICI SEC: SEE MKTS IN A CONSOLIDATION PHASE FOR NEXT 3-4 TRADING SESSIONS
CRUDE OIL UPDATE: OPEC MINISTERS POISED TO KEEP OUTPUT STEADY WITH OIL OVER $80/BBL
BROKERAGE VIEWS: CREDIT SUISSE: 'OUTPERFORM' ON RIL; COURT DECISION TO DEFINE EPS DOWNSIDE
BNP PARIBAS: FED KEEPING FUNDS TARGET RATE UNCHANGED 'A NON EVENT FOR MARKETS'
FOMC MEET: FEB KEEPS DISCOUNT RATE UNCHANGED AT 0.75%
F&O CUES: STOCK FUTURES SHED 1.03 CRORE SHARES IN OPEN INTEREST
F&O CUES: NIFTY 5200 PUT MOST ACTIVE; 5200 PUT ADDS 19.41 LAKH SHARES IN OPEN INT
F&O CUES: 5100 CALL SHEDS 9.69 LAKH SHARES IN OI
F&O CUES: 5000 CALL SHEDS 5.96 LAKH SHARES IN OPEN INTEREST
F&O CUES: UNWINDING IN NIFTY 5000 AND 5100 CALL OPTIONS
F&O CUES: NIFTY OPEN INTEREST PUT CALL RATIO AT 1.56
F&O CUES: NIFTY FUTURES SHED 8.4 LAKH SHARES IN OPEN INTEREST
SUGAR UPDATE: SUGAR FUTS DROP TO A 7 MTH LOW IN U.S. AS INVESTORS UNWIND LONG POSITIONS
ASIAN MARKETS: COMMODITY STOCKS UP AS CRUDE AND METAL PRICES EASE
ASIAN MARKETS: ASIAN STOCKS BOOSTED BY FED'S COMMENTS ON RATES
COPPER UPDATE: COPPER CLIMBS THE MOST IN TWO WEEKS AS DOLLAR FALLS & INVENTORY DECLINES
GOLD UPDATE: GOLD FUTURES RISE THE MOST IN TWO WEEKS AS DOLLAR DROPS
CRUDE OIL UPDATE: OPEC MINISTERS POISED TO KEEP THE OUTPUT STEADY WITH OIL OVER $80/BBL
CRUDE OIL UPDATE: OIL GAINS THE MOST IN FOUR WEEKS AS DOLLAR FALLS AGAINST EURO
U.S. ECO DATA: FEB HOUSING STARTS FALL 5.9% VS A 6.6% REBOUND IN JAN
U.S. MARKETS: DOW JONES RISES FOR THE 6TH STRAIGHT SESSION; S&P 500 HITS A 17-MONTH HIGH
F&O CUES: NIFTY FUTURES END AT A PREMIUM OF 6.55 PTS VS A PREMIUM OF 3 PTS ON MONDAY
FOMC MEET: FEB KEPT ITS DISCOUNT RATE UNCHANGED AT 0.75%
FOMC MEET: FED TO KEEP RATES NEAR ZERO FOR AN EXTENDED PERIOD
FOMC MEET: FED VOTED TO KEEP FED FUNDS TARGET RATE UNCHANGED
U.S. MARKETS: FED PLEDGES TO KEEP RATE LOW FOR EXTENDED PERIOD

Updated: 25/07/2008 | 05:08 PM IST

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Press Trust of India

Friday, July 25, 2008 (New Delhi)

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DTH operator TataSky, which has removed some channels from its basic package has come under the scanner of fair trade regulator MRTPC for 'monopolisation of price and imposing unjustified cost on the subscribers' after it issued notice to the company.

Admitting a petition filed by a consumer organisation, the Monopolies and Restrictive Trade Practices Commission (MRTPC) today issued notice to TataSky directing it to file its reply.

In its petition, Voluntary Organisation in Interest of Consumer Education (VOICE) alleged that the Direct-to-Home (DTH) operator by misleading its consumers arbitrarily increased the price.

The consumer organisation said though TataSky claimed to reduce the cost, it removed prime channels such as BBC, Ten Sports, ESPN, STAR Sports, STAR Cricket etc from its base packs.

"Action of TataSky in blacking out the said channels and removing it from the base pack enjoyed by the subscribers was clearly a monopolisation of price and imposing unjustified cost on the subscribers and to deprive the viewer ship of the said channels unless the subscribers pay more," said VOICE.

VOICE, which is also an approved organisation with MRTPC, further alleged that in order to maintain the price reduction, TataSky removed some of the prime channels from its basic tier.

It demanded that the cost of the base pack must be maintained without altering the existing bouquets of channels as on June 2008.