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    1. ItzCash ties up with Manipur power distribution co for recharging meters

      ItzCash ties up with Manipur power distribution co for recharging meters

      Essel Group-owned payments company ItzCash has tied up with the Manipur State Power Distribution Company to let customers to recharge their prepaid electricity meters using their online portal or visiting the nearest ItzCash Point outlet. To check illegal power connections and wastage, the Manipur government had introduced pre-paid electricity meters where customers would pay first and consume only for the amount paid. Consumers can buy electricity though recharge vouchers.

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    2. MakeMyTrip invests in travel planning website Inspirock

      MakeMyTrip invests in travel planning website Inspirock

      Online travel agency MakeMyTrip has acquired 18 percent stake in Inspirock, an online planning tool for creating custom itineraries, reports Techcircle. The deal was done through MakeMyTrips innovation fund, although the size of the deal remains undisclosed. Inspirock essentially provides users with customizable itineraries based on where they are travelling to and for how long. The platform currently only works with cities in the US and Europe.

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    3. Morten Karlsen Sørby is Telenor Group’s new Asia Head

      Morten Karlsen Sørby is Telenor Group’s new Asia Head

      Norwegian telecom company Telenor has appointed Morten Karlsen Srby as the head of Asia region, with effect from June 1 2015. Srby will be responsible for overseeing and running Telenors Asia operations and join the group executive management team. Prior to this, Srby was the Uninor CEO, replacing Sigve Brekke, who served as Uninors acting CEO for the last quarter of 2013, after former CEO Yogesh Malik quit in November 2013 citing personal reasons.

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    4. TheBetterIndia secures undisclosed funding from Mohandas Pai

      TheBetterIndia secures undisclosed funding from Mohandas Pai

      Bangalore-based social issues news website The Better India has raised an undisclosed amount of funding from Infosys former member of the board of directors Mohandas Pai. Pai will also join the companys board. The company told MediaNama that its current funding, along with its previous funding of $160,000 from members of angel network Intellecap Impact Investment Network including Raveen Sastry, co-founder of Myntra, and Sohil Shah will be used to ramp up their content, social media and partnership teams. When asked about the team size, the company said that currently, it has an editorial team of 4 members and ...

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    5. Micromax offers access to Indic app store with MoFirst tie-up

      Micromax offers access to Indic app store with MoFirst tie-up

      Indian handset manufacturer Micromax has tied-up with Mumbai-based MoFirst Solutions to offer translation and transliteration services with messaging on its phones and also provide access to about 10,000 local language apps available on MoFirsts App Bazaar, reports The Economic Times. It needs to be mentioned here that MoFirsts website mentions that App Bazaar has over 5000 Indic apps and content.

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    6. Akosha raises $16M Series B funding from Sequoia Capital

      Akosha raises $16M Series B funding from Sequoia Capital

      Delhi-based online customer feedback platform Akosha has raised $16 millionin a series B round of funding led by existing investor Sequoia Capital. The company had previously raised $5 million is a series A round of funding in July last year and a seed investment of $200,000 in September 2011, both from Sequoia Capital. Akosha will use the funding to hire over 200 software engineers and product managers to further build its platform and develop its mobile apps.

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    7. Livspace has now acquired online interior designers network Dwll

      Livspace has now acquired online interior designers network Dwll

      Personalised home furnishings provider Livspace has acquired the curated online network of interior designers Dwll.in. This is essentially a talent acquisition, and the co-founders of Dwll.in and its core team will join Livspace. Its not clear if Livspace has any plans of integrating Dwlls network on its website, and if Dwll will remain an independent entity or not. Founded in 2013 by Parikshat Hemrajani and Pankaj Poddar, Dwll lists various furniture designs from designers from various cities.

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    8. Vodafone India Mobile Internet connections increases to 64 million in Q4-FY15

      Vodafone India Mobile Internet connections increases to 64 million in Q4-FY15

      Vodafone India added 12,585 3G sites during the quarter to take its overall 3G sites to over 35,000, as part of its Project Spring initiative. However, its 3G coverage in targeted urban areas remained flat from the previous quarter at 90%.The company also claims that 73%of its data sessions were above 400kbps for the quarter, as compared to 70%in the previous quarter and 67%in the quarter before. More on Project Spring initiative here. Download: Press Release | Presentation

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      Mentions: Vodafone
    9. The Patrika Group to launch English news website called Catch

      The Patrika Group to launch English news website called Catch

      Rajasthan Patrika publisher The Patrika Groupwill be launchingits first English news website called Catch. Catch will be New Delhi based and headed by ex-Tehelka founding member and journalist Shoma Chaudhary, where she will responsible for the news and content on the site. The founder and editor of Mail Today, Bharat Bhushan, will also work on Catch as an editor. Former DNA and Tehelka journalist Kunal Majumder will also be working with Catch.

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    10. 3.83 Million Mobile Number Portability Requests In India In March 2015

      3.83 Million Mobile Number Portability Requests In India In March 2015

      Porting requests were submitted for 3.83 million connections in the month of March 2015, according to the Indian Telecom regulatorTRAI. This is up 10.69% from 3.46 million porting requests reported in February 2015.India had a total mobile connection base of 969.89 million connections (862 million active) as of March 2015. India doesnt yet have number portability across service areas, the deadline for which has been extended to July 2015.

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    11. Cyanogen and OnePlus bury the hatchet

      Cyanogen and OnePlus bury the hatchet

      After five months of legal proceedings later, Cyanogen and OnePlus have resolved their dispute through mutual consent. Cyanogen saysOnePlus One users in India would continue to receive Over The Air (OTA) updates from Cyanogen, along with users around the world. This follows a restriction placed on OnePlus, which was stopped from shipping or selling its smartphones in India following an interim injunction by the Delhi High Court in December last year.

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    12. Fox Star Studio gets John Doe order for the movie Bombay Velvet

      Fox Star Studio gets John Doe order for the movie Bombay Velvet

      The Delhi High Court has granted a John Doe order to Fox Star Studio and Phantom Films, aimed at stopping the pirating of its movie Bombay Velvet, reports NDTV. The court has not yet uploaded the order to its website. The order will allow blocking of known defendants and unknown defendants (John Doe) that are hosting, streaming, making available for viewing, downloading, providing access to or sharing without authorisation on their website, in any manner, the film Bombay Velvet.

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    13. AskMe acqui-hires grocery marketplace Bestatlowest

      AskMe acqui-hires grocery marketplace Bestatlowest

      Indian Internet-based companies sudden obsession with online grocery stores shows no sign of letting up: Local search listing platform AskMe*has acquired online grocery marketplace Bestatlowest.com for and undisclosed amount, reports Livemint. Following the acquisition, Bestatlowest is expected to be merged with AskMe. Bestatlowests co-founders Ankit Jain and Amit Nigam, as well as the companys 25 member team, are also expected to become a part of AskMe.

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    14. HT Media digital revenues at Rs 15.41 cr for Q4-FY15

      HT Media digital revenues at Rs 15.41 cr for Q4-FY15

      Media company HT Media has reported digital revenues of Rs 15.41 crore for the quarter ended March 31, 2015, registering a 18.26% growth from Rs 13.03 crore in the same quarter last year and a 4.83% growth from Rs 14.70 crore in the previous quarter. The segment however continued to report losses: Rs 13.35 crore loss for the quarter as against Rs 5.40 crore loss in the same quarter last year and Rs 11.08 crore loss in the previous quarter.

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      Mentions: Hindustan Times
    15. Funding roundup: Venturesity, MyCuteOffice, Red Polka

      Funding roundup: Venturesity, MyCuteOffice, Red Polka

      Venturesity raises $250k in angel round of funding Bangalore-based startup Venturesity, which helps companies hire people through online challenges and tests, has raised $250,000 in its Angel round of funding, reports YourStory. The startups investors includePhanindra Sama, Jay Sethuram, Hemant Kanakia, Joshua Bornstein, Phanish Puranam and Ravi Trivedi.

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    16. Facebook to stop providing device level reporting to advertisers

      Facebook to stop providing device level reporting to advertisers

      Facebook will stop providing new advertisers with device level reporting for Facebook mobile app ads, reports adexchanger. Advertisers currently using the feature can continue using it till the 20th of August, post which it will be disabled for everyone. According to Facebook, this move will make mobile app ads consistent with the rest of Facebook ads.

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    17. myNoticePeriod rebrands to Hiree and looks to expand user base

      myNoticePeriod rebrands to Hiree and looks to expand user base

      Online recruitment portal myNoticePeriod.com has rebranded itself to Hiree.com and is also looking to expand its user base, reports ET Tech. As the earlier name suggested, myNoticePeriod used to specifically target active job seekers who were serving their notice periods and connected them to potential openings in other companies.

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    18. YouTube ordered to remove IIFW videos after debut episode found on YouTube – SpicyIP

      YouTube ordered to remove IIFW videos after debut episode found on YouTube – SpicyIP

      On 21st April, the Bombay HC granted ad-interim injunction relief to Indian Independent Filmmakers Worldwide Association (IIFWA) in a suit for copyright infringement. The suit was filed by IIFWA, a body of independent film-makers formed with the objective of promoting, supporting and nurturing independent cinema by film-makers of Indian origin anywhere in the world.

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    19. Shamik Das appointed Reliance Jio’s chief corporate development officer

      Shamik Das appointed Reliance Jio’s chief corporate development officer

      Reliance Jio has appointedShamik Das as its chief corporate development officer, reports ET Tech. In his new position Das will report to Pankaj Pawar, a key member of Reliances retail and telecom business, and will be responsible for assessing customer readiness for 4G data in cities where Jio will roll out 4G voice and data services.

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      Mentions: Airtel Batelco Maxis
    20. 53% of Samsung’s revenues came from its mobile devices business in Q1-FY15

      53% of Samsung’s revenues came from its mobile devices business in Q1-FY15

      Samsung Electronics reported operating profits of $5.48 billion (5.98 trillion Won) for the quarter ended March 31 2015, with 45.82% of it coming from the IT & Mobile Communications Division (IM). This division reported profits of $2.51 billion (2.74 trillion Won) from revenues of $23.76 billion (25.89 trillion Won). Mobile division Out of the total IM earnings, the mobile business accounted for $22.93 billion (24.99 trillion Won) in revenues.

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    21. Nokia operating profits down by 13% YoY to €265 million in Q1 2015

      Nokia operating profits down by 13% YoY to €265 million in Q1 2015

      Nokiasoperating profits declined by 13% year-on-year (YoY) to 265 million in Q1 2015 from 305 million in the same quarter last year. The company had reported an operating profit of 524 million in the previous quarter. The companyreported net sales of 3.2 billion compared to 2.7 billion in the same quarter last year. Nokia Networks was the worst performing among the three major businesses Nokia has left post the sale of its devices and services business to Microsoft, in April last year.

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    22. Spice Mobility’s devices biz net loss widens to Rs 69.68 Cr; delisting on hold

      Spice Mobility’s devices biz net loss widens to Rs 69.68 Cr; delisting on hold

      Losses continued to widen atSpice Mobilitysmobile devices business and the segment posted a net loss before tax of Rs 69.78crore for the quarter ended March31,2015, as compared to a loss of Rs 17.93 crore in the same quarter last year. In the previous quarter, it had posted aloss of Rs 29.21crore. The segment reported total revenues of Rs 425.38crore for the quarter, registering a marginal 0.9%growth from Rs 421.59crore revenues in the same quarter last year.

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    23. 862 Million Active Mobile Connections In India in March 2015

      862 Million Active Mobile Connections In India in March 2015

      According to the Indian telecom regulator TRAI, India added 10.68 million active mobile connections during the month of March 2015. The Active connection data represents peak VLR (Visitor Location Register) data for the month. Some stats: There were 862.62 million active connection in the month of March. Strangely, Idea apparently has 102.26% of connections active on its network the highest among all telcos. TRAI says the percentage of active connections is more than 100% due to in-roamers i.e.

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