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    1. MTNL losses widened to Rs 819 crore during Q3FY17

      MTNL losses widened to Rs 819 crore during Q3FY17

      State-owned telecom operator MTNL has reported a net loss of Rs 819.96 crore for the quarter ended December 2016 (Q3 FY17). Losses widened from Rs 768.32 crore in the preceding quarter and from Rs 671.58 crore loss in the same quarter last year. The overall operational revenue of the company decreased marginally by 5.3% to Rs 690.59 crore in the quarter, from Rs 729.2 crore in the previous quarter. In the same quarter last year, MTNL posted overall revenues of Rs 756.22 crore.

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    2. Nazara to launch sports league for CS:GO and DotA2 in India

      Nazara to launch sports league for CS:GO and DotA2 in India

      Mobile game publishing company Nazara Games will invest $20 million (~ Rs 136 crore), to develop the Indian eSports ecosystem over the next 5 years, reports YourStory. For this, the company is launching a fully owned eSports league.

      Nazara mentions that its league will have 2 seasons per year, and will feature 6 teams selected through free online qualifiers.

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    3. TRAI extends deadline for net neutrality paper comments to March 15th

      TRAI extends deadline for net neutrality paper comments to March 15th

      Telecom regulator TRAI has extended the deadline for sending in comments for its recent consultation paper on net neutrality up to 15th March 2017. Counter comments can be submitted by 22nd March 2017. Written submissions can be sent to advqos@trai.gov.in. The consultation paper primarily looks at how “non-discriminatory access” to content Internet could be ensured.

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      Mentions: Authority Trai
    4. Streaming service Viu launches original video content in Telugu

      Streaming service Viu launches original video content in Telugu

      Vuclip’s video on demand service, Viu has entered the regional content space with the launch of Originals, both in long and short form, beginning with Telugu. Viu has partnered with Annapurna Studio, a production house for film and TV content and Tamada Media to co-produce a youthful urban entertainer in Telugu titled Pilla directed by Pavan Sadineni. The show is scheduled to be released in the first quarter of 2017.

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    5. Industry Moves: Ola, Snapdeal, C1X and Treebo Hotels

      Industry Moves: Ola, Snapdeal, C1X and Treebo Hotels

      Ola’s CFO Rajiv Bansal, COO (offline initiatives) Anuj Bhargava quits the company

      Top executives at Ola including Chief Financial Officer Rajiv Bansal, marketing lead Raghuvesh Sarup, and Chief Operating Officer for offline initiatives Anuj Bhargava have quit the company, according to this Mint report. Apart from this, Sriram V. Iyer, head of engineering at Ola, also quit the company, added the report.

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    6. The Wire launches a Hindi website with Vinod Dua heading it

      The Wire launches a Hindi website with Vinod Dua heading it

      Online news publication The Wire has launched its Hindi edition. It looks like that the Hindi website went live in early February 2017. The oldest news story on the publication is dated February 6, 2017. While the publication mentioned Siddharth Varadarajan, Sidharth Bhatia and M.K.Venu as the founding Editors of the English publication, the Hindi site does not have a detailed list of its team members on the website.

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    7. Gadgets 360 turns profitable in Q3FY17, posts Rs 73 lakh in profits

      Gadgets 360 turns profitable in Q3FY17, posts Rs 73 lakh in profits

      Gadgets360, the Paytm funded gadgets news business from NDTV, has turned profitable during Q3 FY17, posting a Profit After Tax (PAT) of Rs 73 lakh during the quarter. The portal now has 35 million monthly active users.

      Gadgets 360 has also claimed a GMV of Rs 100 crore for the nine month period till April 2016; that’s an average of around Rs 33.34 crore a quarter for the period, which is an improvement from Rs 27 crore GMV reported in Q4 FY16.

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    8. NDTV’s losses widens to Rs 15.8Cr in Q3FY17; initiates steps to ‘rationalize costs’

      NDTV’s losses widens to Rs 15.8Cr in Q3FY17; initiates steps to ‘rationalize costs’

      NDTV’s posted a net loss of Rs 15.83 crore for the quarter ended December 2016 (Q3 FY17), which widened from Rs 7.4 crore loss in the same quarter last year. In the preceding quarter, the company reported losses of Rs 15.74 crore. NDTV added that losses widened during the quarter “due to a downturn in TV advertisement revenues in the current quarter post currency demonetization”.

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    9. Infibeam reports Rs 12.8 crores in profit, Rs 102.7 crore revenue

      Infibeam reports Rs 12.8 crores in profit, Rs 102.7 crore revenue

      E-commerce marketplace and services company Infibeam reported total revenues of Rs 102.7 crore for the quarter ended December 2016 (Q3 FY17), and a net profit after of Rs 12.8 crores, and a 12% profit margin.

      Its services revenues were Rs 40.2 crore, a rise of 49% from Rs 27 crore in the same quarter last year. The segment posted a profit of Rs 21.39 crore for the quarter, up 55.5% from Rs 13.75 crore in the same period last year.

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    10. Chinese smartphone brands held 46% of Indian market in Q4 2016: IDC

      Chinese smartphone brands held 46% of Indian market in Q4 2016: IDC

      Chinese smartphone shipments accounted for 46% of the overall Indian market during Q4 2016, with shipments doubling over the same quarter last year, research firm IDC said in its Quarterly Mobile Phone Tracker report. The Chinese competition has subsequently affected the domestic market: share of smartphone shipments from domestic vendors decreased to just 19% during the same quarter. Earlier in Q1 2016, IDC said that Chinese brands shipments were growing 28% QoQ.

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    11. Uber gets respite as it gets injunction from unions blocking cabs

      Uber gets respite as it gets injunction from unions blocking cabs

      As driver protests intensified in Delhi yesterday, Uber got an injunction which restrained two local taxi unions from interfering with the running of app-based cabs from the Delhi High Court, reports the Hindustan Times. Drivers from Ola and Uber were on strike protesting the reduced incentives and low earnings.

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    12. Infibeam on course to acquire CC Avenue; our take

      Infibeam on course to acquire CC Avenue; our take

      There’s more consolidation in the payments space in the offing, and it’s becoming evident that standalone payment gateways will find it difficult to survive in a low margin business. E-commerce marketplace and SAAS major Infibeam has entered into a memorandum of association with Avenues (India), which runs the payment gateway business CC Avenue; following a deal in May last year where Infibeam put in Rs 45 crore into Avenues, the company has now put in an additional Rs 150 crore, for 7.5% share in the company. Around 3.85% had been already held in the company by ...

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    13. Why we will never know how many journalists at HT and Mint lost their jobs

      Why we will never know how many journalists at HT and Mint lost their jobs

      by Cyril Sam and Shashidhar KJ

      Last month, HT Media, the publisher of Hindustan Times the pulled shutters on four editions and three bureaus, including its business bureau in Mumbai and Delhi, laying off an unknown number of journalists.

      There is silence in the media on the number of jobs lost at HT and its business paper, Mint. Typically, media in India does not report on itself, especially, on the working conditions of journalists.

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    14. OMA Emirates acquires MobiSwipe for an undisclosed amount

      OMA Emirates acquires MobiSwipe for an undisclosed amount

      Mobile POS provider MobiSwipe has been acquired by United Arab Emirates (UAE)  payments solution provider OMA Emirates for an undisclosed amount.  MobiSwipe allows merchants to use Android mobile phones or tablets as Point of Sale (POS) terminals with the capability to accept credit and debit card payments.  Merchants can process payments on the go via the pocket-sized card reader connected to the MobiSwipe app via Bluetooth.

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    15. Health tech startup SigTuple secures $5.8M from a group of investors

      Health tech startup SigTuple secures $5.8M from a group of investors

      Bangalore based health technology startup SigTuple has raised $5.8 million in a Series A round of funding led by Accel Partners and participation from IDG Ventures, Endiya Partners, pi Ventures, VH Capital and Axilor Partners and other individual investors like Sachin Bansal, Binny Bansal and Amit Singhal.

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    16. Tata Teleservices to raise Rs 10,000Cr to keep up with competition: report

      Tata Teleservices to raise Rs 10,000Cr to keep up with competition: report

      Tata Teleservices Limited’s (TTSL) shareholders have approved a proposal to raise Rs 10,000 crore by issuing convertible preference shares, reports ET. The proposal also includes increasing the company’s authorized capital to Rs 40,000 crore from the existing Rs 20,000 crore, added the report. MediaNama has written to TTSL for a confirmation and will update the story once they respond.

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    17. Flipkart suspends its consumer-facing courier service

      Flipkart suspends its consumer-facing courier service

      Flipkart has suspended its consumer-facing courier service Ekart Courier nine months after launching it. “Beginning February 5, it (Flipkart) no longer operates its customer-to-customer courier service started in May 2016, that gave people the option of having documents and parcels packed by Ekart’s delivery boys and shipped to end-addresses,” the company said in a statement. This was first reported by the Economic Times.

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    18. Ortel lost over 8% of its broadband users due to demonetization & competition

      Ortel lost over 8% of its broadband users due to demonetization & competition

      Multi system operator Ortel Communications reported broadband revenues of Rs 8.7 crore for the quarter ended December 2017 (Q3 FY17). This was up 5% from Rs 8.3 crore in the same quarter last year and down from Rs 10 crore in the preceding quarter. The company mentions that demonetization and increased competitive situation impacted its subscriber growth.

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    19. The power equation has shifted and will shift again – Jai Maroo on the content business

      The power equation has shifted and will shift again – Jai Maroo on the content business

      Much has changed in the last year or so in the digital content business in India: with the entry of Amazon Prime, Netflix, the push from media house backed players like Star India (HotStar) and Sony (Sony Liv), apart from several other platforms, the game has changed. This, from a time when YouTube was the primary game in town, and the content providers and aggregators had little choice but to play the ad-supported game.

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    20. Idea Cellular lost 532K 4G subscribers during Q3FY17; net loss at Rs 478.9 crore

      Idea Cellular lost 532K 4G subscribers during Q3FY17; net loss at Rs 478.9 crore

      Idea Cellular lost 532,000 4G subscribers during the quarter ended September 2016 (Q3 FY17), taking the total 4G base to 2.54 million subscribers. The telco’s 4G base declined 17% quarter-on-quarter (QoQ) from 3.07 million 4G customers in the previous quarter. It had reported 680,000 4G subscribers in the March quarter (Q4 FY16).

      New entrant Reliance Jio, on the other hand, reported 72.4 million 4G subscribers on its network.

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    21. Spice Mobility’s mobile business continues to face losses at Rs 3.6 Cr in Q3FY17

      Spice Mobility’s mobile business continues to face losses at Rs 3.6 Cr in Q3FY17

      Spice Mobility’s devices business continues to face losses, although at a lower rate: the segment posted a net loss before tax of Rs 3.64 crore for the quarter ended 31st December 2016, compared to a loss of Rs 24.53 crore in the same quarter last year, and Rs 5.74 crore in the previous quarter.

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