YouTube launches Indian edition to woo surfers

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STOCK FUTURES SHED 1.16 CRORE SHARES IN OPEN INTEREST
MASSIVE PUT WRITING SEEN AT ALL NIFTY STRIKE PRICES FROM 4300 TO 3800
NIFTY JULY FUTURES SHED 72,000 SHARES IN OPEN INTEREST
TO DISBURSE SALARIES TO LOWER GRADE EMPLOYEES ON JULY 3
GAUTAM JHAVERI WAS ALLEGEDLY FINANCING CORNERING OF SHARES
ORDER ON GAUTAM JHAVERI PASSED AFTER PAYMENT OF RS 2.70 CR
BKS APPROVE CDR PKG,RESTRUCTURING OF LIABILITIES WORTH RS.1600CR APPROVED
GOVT HAS FORMED EGOM TO DELIBERATE ON 3G AUCTION PRICE AND SLOTS
AUCTION 2G SPECTRUM AS WELL: SOURCES
TRADING OF 3G SPECTRUM TO BENEFIT TELCOS, GOVT WILL LOSE REVENUE: SRCS
4G SERVICE IN THE FUTURE MAY REQUIRE 10 MHZ SPECTRUM: SOURCES
MORE THAN 4 SLOTS WILL PREVENT HIGH BIDDING FOR SPECTRUM: SOURCES
RESTRICT 3G SLOTS TO 4 FOR PRIVATE TELCOS: SOURCES
FLOOR PRICE FOR QIP IS RS 41.35/SHARE: SOURCES
INITIAL QIP OFFER OF $150MN IS OVER-SUBSCRIBED: SOURCES
GVK POWER & INFRA SEES INTEREST OF $191MN: SOURCES
GVK POWER & INFRA QIP RECEIVES GOOD RESPONSE: SOURCES
For full coverage of Budget 2009, log on to Budget.ndtv.com
DOMESTIC FUNDS NET BUY RS.212.65 CR IN EQUITIES ON JULY 2 (PROVISIONAL)
FOREIGN FUNDS NET BUY RS.247.26 CR IN EQUITIES ON JULY 2 (PROVISIONAL)
GETS US FDA NOD FOR OXCARBAZEPINE: NW
GETS US FDA APPROVAL FOR GENERIC OPTIVAR
EXPECTATIONS ARE THAT $500MN MAY BE RAISED: SOURCES
TO GET ADDL RS.300 CR AS BK GUARANTEE, WORKING CAP IN 3 MTHS
RESTRUCTURING OF LIABILITIES WORTH RS.1600CR APPROVED
BANKS APPROVE MAYTAS INFRA CDR PACKAGE
QUANTAM AMC: SEE SENSEX AT 16,000-18,000 IN NEAR TERM ON POSITIVE BUDGET
QUANTAM AMC: MKTS TO TOUCH NEW PEAKS BY MID-2010 IF Q4'10 EARNINGS RECOVER
GVK POWER & INFRA SEES INITIAL INTEREST OF $125-150MN: SOURCES
GVK POWER & INFRA QIP BIDS PROGRESSING WELL: SOURCES

Updated: 08/05/2008 | 11:42 PM IST

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Neha Jain

Thursday, May 08, 2008 (New Delhi)

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The popular video-sharing website YouTube has announced the launch of its local Indian version Youtube.in. Google’s desi version of YouTube is sure to send jitters down the competition’s spine with its localized home page plus search functions.

An initiative that is set to benefit students, YouTube India is reaching directly to Indian students, as Google India has tied up with Indian Institute of Technology for uploading classroom lectures for free.

"Companies like YouTube or an agency which has a large bandwidth and storage is helping us for free for distribution and disseminations and it is an enormous cost savings for us," said Dr Mangala Krishnan, Professor, IIT, Chennai.

Google India is also joining hands with media partners around the country to establish revenue sharing programs.

"With YouTube now monetizing their content and sharing their revenues with partners like us in a very transparent way. It has opened up a completely new revenue stream for content owners and partners like us," said Rajat Barjatya, MD, Rajshri Media.

Google India is working on monetizing plans where anybody can earn money from their uploaded content.

"Certainly we are interested in investigating ways to bring multiple ways to our partners and customers to monetize their presence in digital world in India as well," said Shailesh Rao, CEO, Google India.

Few years back Google acquired YouTube for $1.65 billion in stock and the internet giant says to sustain its leading position it is open to acquisitions of similar platforms in India too.