The telecom arm of Videocon Industries is looking out for possible buyers to sell off its 26% stake.

Videocon Telecommunications has currently 1.9 million subscribers and holds a market share of 0.31%. The company is eyeing a total valuations of Rs. 15000 crore.

In the past also, the company had initial rounds of discussion with South Korean company SK Telecom, UAE’s Etisalat and Turkey’s Turkcell.

A new range of three handsets are publicized by Videocon, namely; Qruz V1425, V1424 and V1430.

All the three phones have separate highlighting features like Qruz V1425 is a 100W PMPO Music Output phone with large speakers. It will be a treat for music lovers who love to hear music with incredible loud speakers. The device is loaded with extra large boom speaker with a back cover mesh grill, a VGA camera, Bluetooth, 1200 mAH battery, an MP3 player. This dual SIM phone possess 2 inch TFT screen with high resolution.

The government said on Tuesday that it has cleared 3 new SEZ proposals including one of Videocon.

Interestingly, the clearing comes post an announcement where the government is said to considering the removal of tax sops given to new SEZs. This has dampened the attractiveness of SEZs since tax benefits were the main reason why companies used to flock in fore SEZ space.

As per the draft Direct Tax Code of the Finance Ministry proposal, income tax should be eliminated from the eliminations given to export income situated within an SEZ.

Technical Analyst Prasad Kushe has maintained 'hold' rating on Videcon Industries Ltd stock to achieve a long term target of Rs 300-400.

According to analyst, the investors can achieve the said target in the period of 1-2 years after crossing its resistance of Rs 250.

Today, the stock opened at Rs 203.70 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 269.50 and a low of Rs 146.90 on BSE.

Current EPS & P/E ratio stood at 24 and 8.33 respectively.

World Bank has banned Videocon Industries for three years for providing wrong information in a tender. In the year 2003, the company has falsely represented some of the data in a tender document. For this reason, the World Bank has banned the company.

However, now the company is asking the Bank to revoke the ban in a recent petition filed.

According to sources, the leading consumer durable company of Netherlands, Philips Electronics has signed a licensing pact with Videocon. Philips wants to enter the production and sales of television in India. The Dutch company is keen on improving its profitability in the business.

The Videocon group, which was unsuccessful to own Pune IPL team in the recent auction, is expecting to buy a team next year in the Indian Premier League season four.

Videocon Group Chairman, Mr. Venugopal Dhoot has said that, the company is very much keen in buying an IPL team to reach out its customers. It may renew its bid to purchase the team in the subsequent year.

Videocon Mobile Service has decided to provide free local calls to its customers in Tamil Nadu Telecom circle. The latest price war in the Indian telecom market has made Videocon to rethink its strategies.

After Tata Docomo, almost every telecom service provider have started the ‘per second billing’ in spite of huge decline in revenue.  Videocon is one of the leading service providers in southern part of India and has a reasonably good consumer base. The company is expecting to attract new customers as well as satisfy its existing customers by offering such free local call plans.

The Dhoot-family promoted Videocon Group recently entered the telecom business and then company is very upbeat on the fact that the business operations will be profitable in the first two years of its operations.

Aiming at the third spot in the Indian telecom market with a subscriber base of 100 million, the company will be investing Rs. 14,000 crore with a motto of being a substantial player in the telecom market.

Ashish Kapur of Invest Shoppe believes that Indian Markets will remain range-bound for next few trading sessions. He has suggested investors to remain invested as the markets should see positive trend over the next one month.

During an interview on NDTV Profit, Ashish suggested Videocon, Kesoram, Ceat and HDFC for long term investment perspective.

Rating agency S&P has given better rating of "Neutral" for India, compared to earlier "Negative" based on the recent recovery in the Indian business outlook.

Videocon Group's subsidiary, Videocon Telecommunications has launched its very own GSM service. The brand name of the service would be Videocon Mobile Services. It was launched in Coimbatore.

Besides that, the company has also unveiled nine more handsets. After this, it has 21 different handsets in its portfolio.

The company plans to sell a million handsets every month. As of now, it is selling 2.5-3 lakh units every month.

Kolkata, Jan 6 : Videocon Industries expects to post a 25 percent growth in sales in October-March period over the first six months of this fiscal on the back of revival in demand for consumer goods, a senior company official said here Wednesday.

"We see a close to 20 percent growth particularly in the consumer durable sector," Videocon Industries' Chairman and Managing Director Venugopal Dhoot said.