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    1. Naukri profit at Rs 33.2 Cr for Q2-FY15; Net Sales up 19.5% YoY to Rs 147.6 Cr

      Info Edge Ltd*, that owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others has reported a net profit after tax (on a standalone basis) of Rs 33.2 crore for the quarter ended September 30, 2014 (Q2-FY15), nearly flat from Rs 33.2 crore profit in the same quarter last year (Q2-FY14). Interestingly, Naukri had posted a similar Rs 33.2 crore profit in Q2-FY13.

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    2. People Group to invest up to $2M in media startups and P2P networks

      People Group which owns Shaadi.com, Makaan.com and Mobango, is looking to invest between $25,000 to $2 million in early stage media-related startups and peer-to-peer networks, reports The Economic Times.

      The group made its first investment earlier this month, by participating in the education activity kits maker Flinto’s $300,000 investment round.

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    3. Google questions CCI jurisdiction in AdWords account shutting case

      Google questions CCI jurisdiction in AdWords account shutting case

      Google has only appealed in the Delhi High Court, against an order from the Competition Commission of India (CCI) to investigate a complaint filed by Vishal Gupta of Audney.com, and asked for confidentiality of its responses to the CCI in case of a separate ongoing investigation, the company has clarified to MediaNama.

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    4. Uday Sodhi joins MSM as its executive vice president and head of digital business

      Uday Sodhi joins MSM as its executive vice president and head of digital business

      Former HeadHonchos CEO Uday Sodhi has joined Sony owned MSM (Multi Screen Media) as its executive vice president and head of digital business, reports afaqs.

      Sodhi will be responsible for heading Sony Entertainment Television’s digital business, including its entertainment site Sony LIV and sports site LIV Sports. He will also be looking after the company’s mobile apps and mobile games businesses. Sodhi is taking over from Nitesh Kripalani, who had quit in June this year.

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    5. Shopclues & Snapdeal tie up with India Post for deliveries

      Shopclues & Snapdeal tie up with India Post for deliveries
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      India Post has signed a memorandum of understanding with Snapdeal.com & shopclues.com, as per which it will offer their e-commerce business a wider reach and network. This MoU follows a pilot between Snapdeal and India Post last year for e-commerce deliveries. It had been reported then that India Post will be building 20 mechanised warehouses and booking centres to handle the shipments from e-commerce companies.

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      Mentions: India Post
    6. On the unofficial Ramdev website that claimed to have an Ebola cure

      Baba Ramdev has denied any connections to the website RamdevMedicine.com that claimed to offer an ayurvedic “health pack” to cure & prevent Ebola disease and noted that he has not given any statements pertaining to the disease. He now plans to now take legal action against the site.

      This site http://t.co/KXYoux0wjh is NOT our website. I have NOT given any statement on Ebola pic.twitter.com/Mcp2f7F7js — Swami Ramdev (@yogrishiramdev) October 15, 2014

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      Mentions: Baba Ramdev
    7. 2.83 Million Mobile Number Portability Requests In India In August 2014

      2.83 Million Mobile Number Portability Requests In India In August 2014

      Porting requests were submitted for 2.83 million connections in the month of August 2014, according to the Indian Telecom regulator TRAI. This is down 0.8% from 2.86 million porting requests reported in July 2014.

      Note that India has a total mobile connection base of 924.31 million connections (807.30 million active) as of August 2014.

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    8. Timesaverz secures seed funding from GSF’s Rajesh Sawhney & others

      Timesaverz secures seed funding from GSF’s Rajesh Sawhney & others
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      Home services marketplace Timesaverz.com has secured seed funding from a group of angel investors led by angel investor Neville Taraporewalla and GSF Accelerator founder Rajesh Sawhney.

      Other angel investors include eTailing India founder Ashish Jhalani, ex-Digital Business Head at Sony Entertainment Nitesh Kripalani, Indiamart founder Dinesh Agarwal and Saffronart COO Nish Bhutani. It’s worth noting that Timesaverz was part of GSF Accelerator’s Batch 2 which graduated in August 2013.

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    9. TRAI recommends 2015-16 auction prices, but asks govt for a roadmap, supply of commercial spectrum

      TRAI recommends 2015-16 auction prices, but asks govt for a roadmap, supply of commercial spectrum

      With an eye on telecom licenses expiry in India in December 2015, early 2016, the Telecom Regulatory Authority of India has emphasized to the Indian government the importance of putting together a roadmap for spectrum in India. Instances of telecom licensees not winning spectrum that they current have licenses for will mean that both telecom operator and millions of consumer experiences will get disrupted.

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    10. Uber reportedly passes the onus of paying service tax to cab drivers

      Online cab service Uber has passed on the onus of paying service tax to cab drivers and has agreed to provide details about their cab drivers to the tax authorities, reports The Economic Times citing a department official privy to the development.

      Last week, Indian tax authorities had asked Uber’s Indian subsidiary to provide details on its Indian operations, since it believed that Uber is liable to pay service tax to the government.

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      Mentions: Economic Times PTI
    11. ICANN appoints Samiran Gupta as the new Head of India

      The Internet Corporation for Assigned Names and Numbers (ICANN), has appointed Samiran Gupta as the new Head of India. In his new role, Gupta will be ICANN’s primary representative in the country and will also be responsible for all stakeholder engagements. Gupta assumed his new role on the 22nd of September from Delhi and will report directly to VP and MD for Asia Pacific, Keuk Yu-Chuang.

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    12. Did you know that GroupM & Google’s Grand Diwali Mela is live?

      Did you know that GroupM & Google’s Grand Diwali Mela is live?
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      While Flipkart’s BigBillionDay sale attracted all the attention last week and Amazon India quickly followed it with its Diwali Dhamaka Week sale, somewhere lost in the background is GroupM and Google’s Grand Diwali Mela. The launch of this virtual shopping and entertainment platform was announced last month, and it went live on October 2 and will be on till October 20.

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    13. Here’s what Lenovo, Dell, HP, Toshiba, Asus, Nikon have said about e-commerce offers & warranties in India

      Here’s what Lenovo, Dell, HP, Toshiba, Asus, Nikon have said about e-commerce offers & warranties in India
      ’&

      Retail brands have been unhappy for quite some time about the allegedly disproportionate discounts offered by e-commerce platforms like Flipkart, Amazon India, Snapdeal, Myntra, and Jabong among others. Last week’s Flipkart Big Billion Day sale and Amazon’s ongoing Diwali Dhamaka Week have intensified the brands’ voicing of displeasure, apparently because of pressure from their offline retailer partners.

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    14. Digest: Voylla, HolidayIQ, TataSky and Amazon India

      Digest: Voylla, HolidayIQ, TataSky and Amazon India

      Online imitation jewellery marketplace Voylla to open offline stores

      Online imitation jewellery store Voylla is planning to open 10 brick and mortar stores across the country by the end of this year, reports the Economic Times. The company, which is looking to cater to customers who prefer offline shops, will open its first outlet in Nagpur’s central mall this month.

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    15. Culture Machine to bring US-based viral videos network What’s Trending to India

      Culture Machine to bring US-based viral videos network What’s Trending to India

      Digital video company Culture Machine has tied-up with US-based network What’s Trending to adapt the format and launch an India version. What’s Trending curates content from across the social web. It’s mostly known for its live interactive talk show that appears daily on YouTube and its site, covering the most popular videos and personalities on YouTube. It’s hosted by co-founder Shira Lazar.

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    16. IMImobile acquires mobile messaging platform TextLocal for around £13.15M

      IMImobile acquires mobile messaging platform TextLocal for around £13.15M

      AIM-listed IMImobile has acquired UK-based mobile marketing & communications company TextLocal for approximately £13.15 million. This includes £10 million in cash and around £1 million worth of IMImobile shares (707,564 shares at a price of 141.33p per share).

      There is also provision for an additional deferred consideration of a maximum £2.15 million split over two years, that will be shared amongst TextLocal’s founders and senior management.

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    17. AdNear raises $19M Series B funding from Telstra Ventures, Global Brain & Others

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      Location-based mobile advertising network, AdNear has raised $19 million in Series B funding from Telstra Ventures and Global Brain, with participation from existing investors Sequoia Capital and Canaan Partners. The Singapore-headquartered company didn’t provide much insight into how the funds will be used, though AdNear CEO Anil Mathews did hint at the possibility of launching new products in the coming months.

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    18. TV18 net profit at Rs 43.2 Cr in Q2-FY15; Revenue up 5% YoY

      Network18′s broadcasting subsidiary TV18 Broadcast has posted a net profit of Rs 43.23 crore for the quarter ended September 30, 2014 (Q2-FY15), as against a net loss of Rs 154.5 crore in the previous quarter and a profit of 10.12 crore in Q2-FY14. However, it’s worth noting that the previous quarter loss includes a one-time exceptional item of Rs 223.3 crore, while the Q2-FY14 loss includes an exceptional item of Rs 10.28 crore.

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      Mentions: Network18
    19. Tata Value Homes launches e-commerce platform

      Tata Value Homes launches e-commerce platform

      Tata Housing Development subsidiary, Tata Value Homes has launched an e-commerce platform tatavaluehomes.com to facilitate online home buying. Home buyers will be able to book an apartment for a non-refundable deposit of Rs 30,000 on this platform. Note that less than two months back Tata Value Homes had tied-up with Snapdeal to sell apartments under its affordable housing segment.

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    20. Updated: Enforcement Directorate reportedly sends notice to Flipkart

      Update: We’re currently awaiting a response from the Enforcement Directorate on the exact nature of the order, however ED officials has denied sending any notice to the company on the big billion sale.

      Top ED officials deny investigating Flipkart’s billion dollar sale. Say no notice has been issued to the company on it as is being reported

      — Rohini Singh (@Rohinisgh) October 14, 2014

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    21. Google reports $507M in revenues in India in 2013-14; Ad revenues not disclosed

      Google reports $507M in revenues in India in 2013-14; Ad revenues not disclosed

      Google India Pvt Ltd (Google India) reported revenues of Rs 3,050.69 crore (around $507.35 million at applicable exchange rates) for the 12 month period ended March 31, 2014 (FY14), up a substantial 47% from 2,076.79 crore ($345.38 million) from the previous financial year (FY13), according to a recent filing with India’s Registrar of Companies.

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