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The Supreme Court on Wednesday held Reliance Communication chairman Anil Ambani and two directors guilty of contempt of court on three contempt applications filed by Telecom equipment maker Ericsson against him over not clearing dues of Rs 550 crore. The apex court has asked RCom to pay Rs 453 crore to Ericsson within four weeks, failing which, Anil Ambani, Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani would face a three-month jail term. The court also imposed a fine of Rs 1 crore each on them, which has to be deposited with a month. If they fail to furnish the amount, the three will be awarded a month's jail-term. A bench comprising of Justices RF Nariman and Vineet Saran said if the contemnor failed to make the payments within the specified period, they will undergo a jail term of three months. It directed that Rs 118 crore already deposited by Reliance Group in the apex court's registry be disbursed to Ericsson. ...

Half of all TV and video viewing in 2020 will take place on mobile screens -- tablets, smartphones and laptops -- in an 85 per cent increase since 2010, an Ericsson study projected on Monday. The smartphone also will account for 50 per cent of TV and video viewing on mobile screens, the study said. Time spent watching TV and video content has reached a new high of 30 hours a week, including active viewing of scheduled linear TV, live and on-demand internet services, downloaded and recorded content, as well as DVD and Blu-ray, reveals the eighth edition of the Ericsson "ConsumerLab TV and Media" report. The study also said that Virtual Reality (VR) is on the road to becoming mainstream and by 2020, one in three consumers will be VR users. "This year also marks the first time that we have explored the level of consumer interest in VR in conjunction with media consumption, and the findings have been fascinating," said Anders Erlandsson, Senior Advi...