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Shoppers Stop, Lifestyle & Spencer’s to start selling on online marketplaces
Retail majors Shoppers Stop, Lifestyle International and Spencer’s Retail are looking to start selling their products on e-commerce marketplaces like Flipkart, Amazon, Snapdeal and Jabong... .
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Vodafone India Mobile Internet connections increase to 59M in Q3-FY15
Vodafone India added 3 million 3G Internet connections for the quarter ended December 31, 2014, taking its total 3G connection base to a total of 16.6 million 3G connections... .
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BJP in Telangana launches new offline-online content distribution platform
The Bharatiya Janata Party (BJP) in Telangana has launched a new digital distribution platform called “Maanas” which can distribute audio, video and e-magazines related to... .
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Vodafone M-Pesa reports 78,000 transactions per day in Q3-FY15
Update: On the concall, company CFO Nick Reid said about the Payments Bank license application: “We (currently) have a semi closed system, where we can pay... .
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Alibaba’s Alipay picks up 25% stake in Paytm parent One97
Chinese e-commerce major Alibaba Group’s affiliate company Ant Financial Services, which operates the online payment solution AliPay, will be acquiring a 25% stake in One97... .
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Payments Bank applicants include Telcos, Kishore Biyani, Khosla Labs backed...
The Reserve Bank of India has released the list of 41 applicants for payments bank licence. A segmentation of the companies that have applied: (company... .
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OneChannel Media to livestream the Mahindra Blues Festival globally
New-York headquartered OneChannel Media will be livestreaming the Mahindra Blues Festival, to be held in Mumbai on the 14th and 15th of this month,... .
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FreeCharge raises $80M from Valiant Capital, Tybourne Capital & existing...
Online recharge and couponing service FreeCharge has raised $80 million in funding from San Francisco-based hedge fund Valiant Capital Management and Hong Kong-based hedge fund... .
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NewsHunt owner Ver Se’ Innovation secures Rs 120Cr from Falcon Edge Capital
Local language content distribution company Ver Se’ Innovation, the owners of NewsHunt, has secured Rs 120 crore funding from New York based hedge fund Falcon... .
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Funding roundup: Manthan System, Aisle Network and Kobster
Manthan System raises $62 million from Temasek and Norwest Data analytics firm Manthan System has raised $62 million in round of funding led by Temasek... .
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Onmobile reports Rs 7.4 Cr profit for Q3-FY15; India revenues down to Rs 51.5 Cr
Onmobile Global reported India revenues of Rs 51.5 crore, down 11% quarter on quarter, and 1.3% year on year. India is now 23% of Onmobile’s topline (22.7%... .
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AIB row: Pune FIR names YouTube for distributing “obscene” video; Karan...
YouTube has been named in a First Information Report (FIR) in Pune for distributing the controversial AIB Knockout video. Actors Ranveer Singh, Arjun Kapoor, Deepika Padukone,... .
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Ericsson accuses Xiaomi of violating court order on handset sales
Swedish telecom major Ericsson has accused Chinese smartphone maker Xiaomi of violating the Delhi court’s December 16 order that allowed Xiaomi to only import and... .
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Onmobile Global Q3-FY15 concall: Headcount down to 1180, Reworking Content Costs
Onmobile reported a profit of Rs 7.2 crore, as it continued to cut costs, bringing employee cost down to Rs 62.5 crore, and cutting additional... .
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Gujarat Handloom to launch e-commerce website; Ties-up with eBay
The Gujarat Handloom and Handicraft Development Corporation (GSHHDC) is planning to launch its own e-commerce portal under the brand ‘Garvi-Gurjari’, to reach to a larger... .
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Budget 2015: IAMAI wants Ecommerce Tax issue fixed, Income Tax holiday, 150%...
The Internet and Mobile Association of India (IAMAI), which represents some Internet and Mobile companies operating India has called for the Indian government to do two things... .
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Rocket Internet’s FoodPanda acquires JustEat’s India operations
Rocket Internet-backed FoodPanda has taken over (pdf) UK-headquartered JustEat’s India operations. This deal was worked out sometime after FoodPanda had acquired Delivery Hero-backed TastyKhana in...
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Twitter introduces Promoted Tweets on Flipboard & Yahoo Japan
Twitter earlier this week announced that it is introducing ads outside its own platform, which could be the start of a bigger advertising network. On... .
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Weekly Digest (30th-06th February 2015)
MediaNama would like to thank its sponsors: Spice Digital, Getit, Fortumo, Airtel, Bruceclay, Times Internet and E2E for their support. #Earnings-Dec14 – Onmobile Global Q3-FY15 concall: Headcount...
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Ola hires Sunit Singh to head design and Yugantar Saikia for human resources
Online cab-hailing service Ola has hired Sunit Sigh as its vice-president of design and Yugantar Saikia as its vice-president of human resources. The new hires... .
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