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Entertainment Network (India) Ltd, owners of popular FM radio channel, Radio Mirchi and a leading player in the industry, was able to show profit for the quarter ending March 31, 2010.

The net profit of the company stood at Rs. 48 million, which is higher than Rs. 13 million that was generated during last year.

Revenue of the entertainment company was at Rs. 612 million. It is much higher than Rs. 503 million that the company was able to generate last year.

It came as good news for the suffering aviation sector in India. The top private carrier of the country, Jet Airways on Thursday reported its quarterly profit. And the net profit has increased by 10.5 per cent.

Also the full year loss narrowed down, giving signs that the things are improving. The reason for this growth is the high air-traffic and better load factors.

Myxer, an online tech knowledge provider stated that Android customers download seven times more than the Apple's iTune platform.

The report further states that People are hitting on the website thrice more than Apple, at the same time drawing 12% of all the traffic.

It was further stated that HTC Dream or T-Mobile G1 users are the ones who are the potential customers of Android in addition to an additional 35% as HTC Hero, my Touch 3G 9HTC Magic and Motorola's Cliq and Droid features in the market.

With the 3G auction finally coming to an end, the telecom companies were able to gather heat on the Indian bourses today.

The markets reacted on a positive note to the 3G auction and pushed the market up. Along with that the stocks of the telecom companies made money, even though many experts believed that the 3G spectrum turned out to be too costly for the companies.

The analysts also said that to be able to pay off the price of the spectrum that has been quoted by Indian firms, they will have to face heavy debt situation.

MySpace has fallen off the horizon when compared to other rivals such as Facebook and Twitter.

The yester year saw several lay-offs, management changes, and a dwindling amount of audience. It is also said that the revamped sit will focus more on media and music, where the users can listen to playlists and songs that their friends are sharing via their status updates.

The struggling social networking site wants to create a new era for the MySpace users that is exclusive and has enough potential to lure away users from other social networks, such as Facebook and Twitter.

On Thursday, Jindal Steel & Power Ltd. (JSPL) said that it is planning to buy one of Oman's company for $464 million. The name of the firm is Shadeed Iron & Steel Co LLC.

JSPL is doing this so that it can expand its foothold in the Middle East, so that the profitability of the company rises.

As part of the deal, the liabilities of the Oman-based company which are worth $79 million will be financed. This will be done by raising $400 million debt. The rest of the money i. e. $64 million will be raised through equity.