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    1. Google revenues at $15.42 Bn for Q1 2014; Paid clicks up 26% while CPC fell 9%

      In the quarter where Google sold Motorola Mobility to Lenovo for $2.9 billion, the company has reported consolidated revenues of $15.42 billion for the quarter ended March 31, 2013, registering a 19% increase from $12.95 billion revenue in the same quarter last year.

      Note that these revenues includes a traffic acquisition cost of $3.23 billion for the quarter. Google has also stopped including Motorola Mobility revenues within its consolidated results, presenting it as “discontinued operations”.

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    2. Naukri: Media Hiring Down 7% YoY in March 2014

      Hiring in the media and entertainment segment has gone down by 7% from last year, according to Naukri Job Speak Index. It has also declined by 14% from Feb 2014 to March 2014.

      Naukri.com‘s Job Speak Index is an indicator of job listings on its portal, the hiring activity in the Media sector (which includes Internet and Mobile sectors). On the basis of job listings added to the site, Naukri.com has observed various sectors like IT, BFSI, media, oil and gas etc. for this study.

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      Mentions: Bfsi
    3. Durga Raghunath Takes Over A Ceo Of Network18 Digital

      Durga Raghunath has been appointed CEO of Network18 Digital (previously Web18), elevated from her position as as CEO of FirstPost. Raghunath takes over from Lakshni Narasimhan, who is being moved into a corporate role. Raghunath will be responsible for all of Network18 Digital’s content properties, including Moneycontrol.com (their cash-cow), FirstPost (which she helped build from the ground up), Burrp (the listing and reviews business), First Biz (the business focused version of FirstPost), and News18.com (the groups state and local news portal).

      Raghunath’s elevation, and moving Narasimhan to a corporate role comes as no surprise to us ...

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    4. Networkplay licenses Tradedoubler’s performance marketing & targeting solutions for India, SEA, Middle East

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      Bertelsmann owned Networkplay has partnered with Sweden-based, NASDAQ listed performance marketing network Tradedoubler to offer performance marketing and targeting solutions to advertisers and publishers in India. The partnership gives Networkplay exclusive rights to use Tradedoubler’s technology and network in India, South East Asia and Middle East market, NetworkPlay told MediaNama.

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    5. Flipkart, Myntra Investor Tiger Global Raises $1.5 Bn In Eighth Global Fund – StartupCentral

      Tiger Global Management, the private equity firm that holds significant stakes in ecommerce companies Flipkart and Myntra, has raised $1.5 billion in its eighth fund, according to a filing with the SEC. A total of 415 investors (limited partners) have participated in the fund, dubbed Tiger Global Private Investment Partners VIII.

      The new fund is the same size as the New York headquartered firm’s seventh fund, which was raised in 2012.

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    6. Yatra raises Rs 140 crore from IDG and Vertex

      Travel booking website Yatra has raised Rs 140 crore in funding from IDG Ventures India and Vertex Venture Holdings, reports The Economic Times. Earlier investors Norwest Venture Partners, Intel Capital, TV18 Group and Reliance Venture Asset Management also participated in this round, increasing the stake of institutional investors in the company to 80%.

      The company will use the funds raised for branding, expanding its hotels bookings business and improving its mobile offering.

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    7. Reliance Jio reports Rs 10.51 Cr loss for FY13

      Reliance Industries’ data services venture Reliance Jio Infocomm (formerly known as Infotel Broadband Services Limited) which is yet to launch its services commercially in India, has reported a net loss of Rs 10.51 crore for the year ended March 31, 2014, as compared to Rs 5.80 crore loss in the previous year.

      The total revenues were at Rs 0.04 crore for the year, down from Rs 0.05 crore in the previous year.

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    8. Harish Bahl of Smile Group on Katalyzers, TPG’s role, RU-net and Springstar

      Smile Group has created a joint venture with TPG Growth called Katalyzers to help companies from developed markets launch their products in developing markets. We spoke with Harish Bahl, who is the founder of Smile Group and General Partner in Katalyzer to know more about the new venture, how they plan to approach these markets and the relationship it shares with TPG.

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    9. Snapdeal acquires fashion & lifestyle product discovery platform Doozton

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      Fashion is the next big frontier for e-commerce sites: Snapdeal has acquired a Delhi-based fashion & lifestyle product discovery site Doozton for an undisclosed amount, reports TechCrunch.

      Snapdeal co-founder Rohit Bansal has told the publication that it will be using Doozton’s technology to feature personalized fashion listings and provide fashion product suggestions on Snapdeal. The terms of the acquisition were however not disclosed.

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    10. BigBasket raises $3 million funding

      Bangalore-based online grocery retailer BigBasket has raised $3 million from a Singapore-based private investor, reports VCCircle. BigBasket co-founder and CEO Hari Menon told the publication this is part of its next investment round, where it is reportedly looking to raise $40-50 million. Sourced told the publication that the firm has also received some investment from media group Bennett Coleman & Co Ltd (BCCL).

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    11. IPL 2014 legal warning on “Proprietary Content” covers Internet scorecards, commentary & more

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      Subtle differences in the pre-emptive legal notice, or rather, a “letter of advance notification” that went out yesterday from Copyright Integrity International, a body representing the legal interests of the “BCCI – Indian Premier League”, when compared with previous notices sent by the same firm:

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    12. TimesCity acquires DineOut; Plans to eventually offer event booking

      Times Internet owned TimesCity has acquired restaurant booking table service DineOut, but the company refused to disclose the terms of the deal.

      DineOut lets you book tables in restaurants in return for discounts or offers and TimesCity had tied-up with the company some time last year when it introduced table booking feature on its website. The service had signed similar deals with other restaurant booking services such as BookYourTable and Mobikon as well.

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    13. Bjp It cell head wants all online companies to set up servers in India

      The national convenor of BJP’s IT cell Vinit Goenka believes that online companies need to store data of Indians in servers within the country for security and data sovereignty.

      In a blog post, Goeka notes that many countries have changed their IT laws keeping developments such as cloud computing in mind and made it mandatory for companies to store customer data within the country the customer resides in. He says that India also needs to consider such a legislation.

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    14. Mobile marketing company Velti is now mGage

      After selling its mobile marketing business in India, US and UK to GSO Capital Partners in January this year, Velti seems to have officially launched a new entity mGage which will offer mobile marketing solutions in these regions.

      It’s worth noting that mGage was previously Velti’s mobile campaign management platform which was launched way back in January 2010. This platform allowed brands, agencies, publishers and carriers to manage their mobile advertising and marketing campaigns.

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    15. TRAI floating a discussion paper to better understand OTT services like WhatsApp

      Telecom Regulatory Authority of India (TRAI) is working on a discussion paper to better understand Over The Top services such as such as WhatsApp and Viber which the organisation cannot regulate as of now, reports The Economic Times.

      The regulatory body wants to know if there are any security threats, what direction these companies will take in the future and understand the concerns of telecom operators and consumers.

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    16. Xiaomi Will Launch In India Only After Malaysia, Indonesia, Philippines and Thailand

      Chinese smartphone company XiaoMi might launch in India only down the line, after Malaysia, Indonesia, Philippines and Thailand, reports TechInAsia.

      There were reports that the company might launch its phones in India next after Google VP Hugo Barra visited the country. However, while speaking at an event in China, Barra said the company wants to pull a significant portion of Southeast Asia under its belt as a platform before jumping into India.

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    17. Square Enix shutting down Indian operations

      Japanese gaming giant Square Enix has closed their office in India and laid off all six employees it had here, reports MCVIndia.

      The company had selected 10 Indian studios it wanted to work with on games after organising a contest. Most of these studios were dropped later on and the first game made by an Indian developer and published by Square Enix, was expected to come out in 2014.

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