NEW YORK — Time Warner Inc. is buying NDTV Imagine Ltd. for $126.5 million. Once the acquisition has closed, Time has also committed to investing $50 million into the business.

New Delhi-based NDTV owns Imagine, a Hindi general entertainment channel and other entertainment assets in India.

ARMONK, N.Y. — IBM has signed a 10-year, $83 million, outsourcing agreement with India's Digicable, a cable and broadband distribution company.

As part of this agreement, IBM will support the integration of Digicable's digital media content delivery and services applications with its core business technologies and processes. This integrated approach will enable Digicable to provide superior and personalized service to its subscribers, according to the company.