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The Lowdown: India’s Phase III FM auctions
The Ministry of Information and Broadcasting (MIB) has come out with a memorandum (pdf) for phase III auctions of 135 FM radio channels in 69... .
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Kerala govt slaps Rs 54 crore fine on Flipkart, Jabong, Zovi and Myntra
The Kerala commercial taxes department has put a fine of up to Rs 54 crore on e-commerce players for evasion of sales tax in 2012-13... .
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Idea Mobile Internet: revenues cross Rs 1200 crore, 34.16 M connections
Idea Cellular has reported 34.16 million mobile Internet subscriptions for the quarter ended December 31, 2014, registering a 10.44% growth from 30.9... .
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Rediff has $9.7 million in cash left; Reports $2.37M loss in Q3-FY15
Rediff.com has “$9.7 million cash on hand to fund operations,” its CFO Swasti Bhowmik said on the earnings conference call yesterday,... .
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The Viral Fever launches movie streaming service TVF Inbox Office
The Viral Fever Media Labs, which runs the YouTube channels TVF-Qtiyapa & TVF-RecycleBin, has launched a movie streaming service called TVF Inbox... .
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People Group invests in dating app Thrill & merges Fropper with it
People Group, which owns Shaadi.com, Makaan.com and Mobango, has acquired 25% stake in dating app Thrill for Rs 6 crore in a cash and stock... .
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Spice to invest Rs 500 crore to set up manufacturing unit in UP
Spice Group* will be investing Rs 500 crores to set up a manufacturing unit in Uttar Pradesh. The company also signed a Memorandum of Understanding... .
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CarDekho raises $50 million from Hillhouse Capital and Tybourne Capital
Online car classifieds portal CarDekho.com has raised $50 million in a new round of funding led by Hillhouse Capital and Tybourne Capital,... .
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Apple iPhone sales up 46% to 74.5M in Q1-FY15; Net profit at record $18Bn
It looks like Apple had a massive holiday quarter: net profit of $18 billion for the quarter ended December 27, 2014, as compared to $13.1... .
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Spice Digital appoints Sabri Amireh as Senior Vice President
Mobile VAS company Spice Digital* has appointed Sabri Amireh as its Senior Vice President. He will be responsible for Spice Digital’s business... .
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#Outlook15: What Indian Online Education Companies Plan To Do In 2015
As part of our #Outlook15 series, we asked heads of online education companies – Edukart, Testbook, Meritnation and WizIQ about their focus... .
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Gati to raise Rs 120 Cr to expand its ecommerce biz; posts 185% rise in...
(modified version of photo by Axisadman [CC BY-SA 3.0], via Wikimedia Commons) Supply chain and logistics provider Gati is raising Rs 120 crore to... .
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Reliance Jio to introduce free Wi-Fi service across Kolkata in two months
Reliance Jio Infocomm will be introducing 4G-enabled free Wi-Fi service across Kolkata within the next two months, reports The Telegraph. From... .
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Yahoo posts $254 million mobile revenues in Q4 2014
Yahoo reported mobile revenues of $254 million for the quarter ended December 31, 2014, up 23% from $200 million in the previous quarter. For the... .
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Hike Messenger introduces free voice calls on Android
Hike, the messenger service backed by Bharti Softbank which is a JV between the two companies, has launched free voice calls on its application for... .
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#Outlook15: What Indian IoT & Wearables Companies Plan To Do In 2015
As part of our #Outlook15 series, we asked heads of IoT and Wearables companies – Goqii, GetActive and Netcore about their focus areas for 2015 and... .
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JustDial got 312,800 paid campaigns in Q3-FY15; Revenues up 27% YoY
Directory services company JustDial conducted 312,800 paid campaigns for advertisers for the quarter ending December 30, 2014 (Q3-FY15), registering... .
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Twitter introduces private chat and video capture & upload features
Microblogging platform Twitter has introduced group ‘Direct Messages’ to its platform and introduced features to capture, edit and share videos via... .
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Grabhouse raises $2.5M from Kalaari Capital & Sequoia Capital
Mumbai-based online roommate search engine Grabhouse has raised $2.5 million in Series A funding from Kalaari Capital and Sequoia Capital. The... .
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Cinepolis acquires 100% stake in Fun Cinemas and adds 83 screens
Mexican multiplex operator Cinepolis has acquired all 83 screens of Essel Group’s Fun Cinemas in India for an undisclosed amount. With the... .
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