Bloomberg India

An interesting summary of Bloomberg's India plans here on Contentsutra:

Bloomberg To Kick Of Indian Operations:

"Business Standard: Bloomberg, the US-based data, business news and analysis provider, has finalised its plan for India operations. Bloomberg LP, US, will charge its wholly-owned Indian subsidiary, to be set up in Mumbai, an annual fee of $3 million (Rs 1.30 crore) in the first year of operation and $1 million (Rs 43.6 lakh) for TV programming and software production business.

The Indian operation, which is expected to initially have 50 employees, will also pay a lumpsum fee of $2 million (Rs 8.72 crore) to the parent for technology collaboration, according to the documents filed by the company with the Foreign Investment Promotion Board (FIPB). Bloomberg will invest Rs 65 lakh ($1,51,000) towards the equity capital of the Indian operation which will produce TV programmes and deliver to one and more Indian channels authorised to telecast financial news in English."

(Via ContentSutra.)