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    1. Weekly Digest (10th-17th October 2014)

      MediaNama would like to thank its sponsors: Spice Digital, Antfarm, Getit, Fortumo, Info Edge, Times Internet and E2E for their support.

      Earnings-Sep14

      - How 99Acres plans to use the $120 million it has raised - Google revenues at $16.5Bn for Q3 2014; Paid clicks up 17% while CPC dips 2% - DB Corp Internet revenues at Rs 6.26 Cr for Q2-FY15; Rs 1.2 Cr loss

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    2. Telenor Group acquires 100% stake in Uninor

      Telenor Group acquires 100% stake in Uninor

      Norwegian telecom operator Telenor Group has informed that it has increased its stake in Telewings to 100% by acquiring the remaining 26% stake held by its Indian partner Lakshdeep Investment & Finance.

      The terms of the deal were not disclosed, but it’s worth noting that Telenor had received an approval for an investment of Rs 780.86 crore from Foreign Investment Promotion Board (FIPB) last month.

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    3. How 99Acres plans to use the $120 million it has raised

      There was a sense that Info Edge* had become a one trick pony, and its businesses was restricted to primarily the business that its stock ticker symbol is named after: NAUKRI. That recruitment business still accounts for a majority (around 72%) of its revenues, and in the past, we’ve questioned them about why they’re still persisting with Jeevansathi, which has been at number three in the matrimonial site segment for a few years now.

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    4. Yebhi starts aggregating products from international online fashion stores

      Yebhi starts aggregating products from international online fashion stores

      Fashion and lifestyle products aggregator, Yebhi.com, has started aggregating products from international online e-tailers. Currently products from three fashion e-tailers, Asos.com, Shopbop.com and Forever21 are available on Yebhi, and the company plans to add more in the coming weeks. Last month, Yebhi.com had switched from being an e-commerce site to a product aggregator and couponing website.

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      Mentions: Myntra Zovi LensKart
    5. Industry moves: Reliance Jio, Google India and NATGRID

      Industry moves: Reliance Jio, Google India and NATGRID

      Former Coca-Cola VP Anupama Ahluwalia joins Reliance Jio

      Reliance Industries’ data services venture Reliance Jio has appointed Anupama Ahluwalia as its marketing head, reports exchange4media citing industry sources. Ahluwalia’s LinkedIn profile suggests that she is working as senior vice president at Reliance Jio.

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    6. August 2014: 807.30M Active Mobile Connections In India

      August 2014: 807.30M Active Mobile Connections In India

      According to the Indian telecom regulator TRAI, India added a significant 10.21 million “active” connections during the month of August 2014, while it added 5.59 million total connections during the month.

      This probably means that several users who hadn’t been using their extra SIM card, began using it since the tariffs have gone up and the propensity to use an additional SIM for cheaper plans might have increased.

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    7. Microsoft to offer Lehren & Rajshri’s video content on the new MSN India site

      &’

      Bollywood-focused media network Lehren Network and entertainment studio Rajshri Entertainment has inked tie-ups with Microsoft to feature their content on the recently revamped MSN India.

      Remember that Microsoft had released a new version of MSN last month, as part of which it had collaborated with several local content partners like Hindustan Times, NDTV, India Today, Indian Express and Network 18 to feature their content on the site.

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    8. Vikram Sakhuja replaced as Maxus Global CEO by Lindsay Pattison

      Vikram Sakhuja replaced as Maxus Global CEO by Lindsay Pattison

      Lindsay Pattison has replaced Vikram Sakhuja as the Global CEO of media buying agency Maxus. Sakhuja will remain with the group, the company has said in a statement, without specifying what exactly his role in the company will be. Pattison was heading Maxus in the UK, for a period of 5 years, and also held the global Chief Strategy Officer role for the last two years, overseeing product, planning, marketing, new business and effectiveness.

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    9. For every Indian woman on Facebook, there are three Indian men – Scroll.in

      For every Indian woman on Facebook, there are three Indian men – Scroll.in

      by Shivam Vij, Scroll.in

      Facebook has a problem. Two-thirds of the world’s population is not on the internet. Male domination in India is part of this problem.

      In September 2012, the number of active users on Facebook crossed one billion. The next year, Facebook tied up with six mobile companies and created a platform called Internet.org to get the next billion users online by making internet access easier and cheaper through mobile phones. As of June, Facebook had 1.32 billion  active users.

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    10. Content roundup: Global Eagle Entertainment, Saavn, YuppTV and LIV Sports

      Content roundup: Global Eagle Entertainment, Saavn, YuppTV and LIV Sports

      Global Eagle Entertainment acquires content assets of Purple Media

      Provider of content, connectivity and digital media solutions to airlines Global Eagle Entertainment Inc. (GEE), acquired the content assets of the South Indian distributor Purple Media for distribution in the airline in-flight entertainment market. Further details of the deal were undisclosed.

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      Mentions: Purple Media
    11. DB Corp Internet revenues at Rs 6.26 Cr for Q2-FY15; Rs 1.2 Cr loss

      DB Corp, the publisher of newspaper dailies Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar and Divya Marathi, has posted a loss before tax of Rs 1.21 crore in the Internet segment for the quarter ended September 30, 2014, an improvement from Rs 2.33 crore loss in the same quarter last year but up from Rs 1.03 crore loss in the previous quarter.

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    12. 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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    13. 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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    14. 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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    15. 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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    16. Shopclues & Snapdeal tie up with India Post for deliveries

      Shopclues & Snapdeal tie up with India Post for deliveries
      &

      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
    17. 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
    18. 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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