1. 73-96 of 17629 « 1 2 3 4 5 6 7 ... 733 734 735 »
    1. Amazon infuses Rs 130 crore more in its logistics arm ATS

      Amazon infuses Rs 130 crore more in its logistics arm ATS

      Amazon India’s logistics arm Amazon Transportation Services (ATS) has further received funding of Rs 130 crore as per the Registrar of Companies documents, reports Financial Express. The capital came in from the US-based parent Amazon Inc.

      Amazon has been strengthening its logistics arm in India in a big way, ATS received Rs 207 crore worth of funding from Singapore-based Amazon Corporate Holdings and Amazon Malaysia, in June, and before that, it had received Rs 67 crore in September 2016.

      Read Full Article
    2. Flipkart launches its second attempt at online grocery delivery in Bangalore

      Flipkart launches its second attempt at online grocery delivery in Bangalore

      Flipkart’s second try for grocery is called ‘Supermart’ and is available on its mobile app for Bangalore users.  As per the mobile app, the minimum order value to get grocery delivery is of Rs 500, and a free delivery for orders more than Rs 1000. The development was first reported by The Economic Times.

      Read Full Article
    3. Info Edge earnings call: Naukri’s billings grew 14% but revenue grew just 6%

      Info Edge earnings call: Naukri’s billings grew 14% but revenue grew just 6%

      Info Edge’s recruitment segment had billings of Rs 146 crore during the September quarter (Q2FY18). This was an increase of 14% year-on-year (YoY). However, the recruitment revenue was at Rs.164.8 crores, growth of 6% (YoY). “While the billing growth was strong during the quarter, the revenue growth lacked primarily for two reasons – One, because of larger duration subscription sales and two because of a skew in billing towards the quarter end,” CEO Hitesh Oberoi explained in a call with analysts.

      As a consequence, deferred sales revenue has increased to Rs 335 crores during the quarter, an increase ...

      Read Full Article
    4. Saregama’s unexpected hardware success: Carvaan

      Saregama’s unexpected hardware success: Carvaan

      Music and entertainment company Saregama is basking in the success of Carvaan, a retro-looking portable audio player, which packs in 5000 old Hindi movie songs, and also doubles up as an FM radio. Launched in May this year, the product sold 90,000 units between July and September, and following that unexpected success, Saregama is, conservatively, targeting another 200,000 units in the next six months.

      Read Full Article
    5. 99Acres posts an EBITDA profit in Q2FY18; demand shifts to resale, rentals

      99Acres posts an EBITDA profit in Q2FY18; demand shifts to resale, rentals

      99acres, the real estate portal from Info Edge, reported an EBITDA level profit of Rs 40 lakh for the quarter ended September 2017 (Q2FY18). 99acres had posted an EBITDA loss of Rs 13.1 crore in Q2 of last year. Info Edge CEO Hitesh Oberoi said that this was helped by a writeback of Rs 3 crore in the preceding quarter.

      Read Full Article
    6. Enforcement Directorate raids Music Labels over royalty payments

      Enforcement Directorate raids Music Labels over royalty payments

      Saregama India has confirmed to the stock exchanges that on the 3rd of November, officers of the Enforcement Directorate visited their Mumbai and Kolkata offices, “and collected copies of certain documents in relation to the royalty payments.” The company says that it has “The company has fully cooperated with the authorities in this probe” and at this stage, it “we do not envisage any material financial liability on account of the ED’s probe”.

      Read Full Article
    7. Updated: Rs 47Cr LPG subsidy credited to 23 lakh Airtel Payments Bank accounts instead of regular accounts

      Updated: Rs 47Cr LPG subsidy credited to 23 lakh Airtel Payments Bank accounts instead of regular accounts

      Update: From June 9 this year till late last month, over Rs 47 crore worth of LPG subsidy was credited to more than 23 lakh consumers’ Airtel Payments Bank accounts instead of their regular bank accounts, according to the National Payments Corporation of India (NPCI), as reported by ET. Of this, about 11 lakh consumers belong to Indian Oil, and about 6 lakh consumers each of Bharat Petroleum and Hindustan Petroleum.

      Read Full Article
    8. Spice Mobility’s mobile devices business reports losses of Rs 6.42Cr in Q2FY18

      Spice Mobility’s mobile devices business reports losses of Rs 6.42Cr in Q2FY18

      Spice Mobility’s devices business continues to post losses, and in this quarter it recorded a significant jump: the segment reported a net loss before tax of Rs 6.52 crore for the quarter ended September 30, 2017, compared to a loss before tax of Rs 2.73 crore in the previous quarter, and a loss of Rs 4.77 crore in the same quarter last year.

      Read Full Article
    9. Top 10 stories of the week: October 30th to 5th November 2017

      Top 10 stories of the week: October 30th to 5th November 2017

      In no particular order, here are MediaNama’s top 10 stories of the week ended 5th November 2017

      MediaNama would like to thank its sponsors: Info Edge, PhonePe & E2E, for their support.

      Google Tez gets 7.5M users, over 30M transactions in five weeks

      Google Tez has reported over 7.5 million users and 30 million transactions in five weeks, since its launch on September 18th 2017, Caesar Sengupta, VP (Next Billion Users) at the company disclosed yesterday.

      Read Full Article
    10. No, SC hasn’t extended deadlines for linking Aadhaar to mobile numbers & bank accounts

      No, SC hasn’t extended deadlines for linking Aadhaar to mobile numbers & bank accounts

      The Supreme Court has directed telecom operators and banks to ensure that messages sent to customers, reminding them to link their Aadhaar details with their respective mobile numbers and bank accounts, must clearly specify the deadline. However, the deadlines for linking Aadhaar to mobile numbers (February 6, 2018) and bank accounts (December 31, 2017) have not been extended, unlike what certain media outlets had reported earlier in the day. See here and here.

      Read Full Article
    11. Apple’s India revenues doubled YoY & iPad unit sales grew 39% YoY in Q4 2017

      Apple’s India revenues doubled YoY & iPad unit sales grew 39% YoY in Q4 2017

      Apple’s revenue from India doubled year-on-year (YoY) for the quarter ended September 30, 2017 (Q4 2017), Apple CEO Tim Cook said during the company’s earnings call. CFO Luca Maestri added that the company returned to growth in greater China in this quarter, where revenues increased 12% YoY. Besides India, “we grew more than 30% in Mexico, the Middle East, Turkey and Central and Eastern Europe. These results have fueled overall growth of over 20% from emerging markets,” he mentioned.

      Read Full Article
    12. Info Edge increases its stake in MeritNation to 65.67%

      Info Edge increases its stake in MeritNation to 65.67%

      Info Edge (India) through its wholly-owned subsidiary has infused Rs 37.93 crore in Applect Learning Systems, which runs the e-learning site MeritNation, the company informed BSE. With this investment, Info Edge has increased its stake to 65.67% in Applect from the earlier 56%. The overall stake of Info Edge will be on a “fully converted and diluted” basis.

      Read Full Article
    13. Former HuffPost India editor-in-chief Sruthijith KK joins Apple as app store editor

      Former HuffPost India editor-in-chief Sruthijith KK joins Apple as app store editor

      Sruthijith KK, the former Huffington Post India editor-in-chief, has now joined Apple as its app store editor. According to his LinkedIn profile, Sruthijith joined the company in September this year and will be based out of Noida. Sruthijith had put his papers down at HuffPost India in August. Sruthijith declined to comment on his appointment when MediaNama reached out to him last week.

      Read Full Article
    14. Revv puts accident & driving warning systems to its entire fleet

      Revv puts accident & driving warning systems to its entire fleet

      Self driving car rental company Revv said that it is equipping its cars with new hardware to help to prevent road accidents through a partnership with Mobileye ADAS system. The device is a  small camera located inside the front windshield and uses image processing to give warnings (for lane departure, headway monitoring, and forward collision) in dangerous or potential accident situations.

      Read Full Article
      Mentions: ZoomCar
    15. Paytm launches a messaging app to send and receive money but does it work on the UPI?

      Paytm launches a messaging app to send and receive money but does it work on the UPI?

      Payments company Paytm has launched a messaging app called Inbox where users can send and receive money. The messaging app will also allow users to send pictures and videos and share live location. The app is live on Android and will be available to iOS users soon. Note that Paytm has not mentioned whether the messaging app will use the UPI for sending money and receiving money or if it will be using balances in the Paytm wallet.

      Read Full Article
      Mentions: Punjabi Malayalam
    16. Delhi court orders YouTube to remove offensive videos against the Sikh religion

      Delhi court orders YouTube to remove offensive videos against the Sikh religion

      A Delhi court has restrained Google India from uploading/publishing “videos containing hate speeches and derogatory remarks against any religion and in particular against Sikh Gurus and Sikh religion.” The court also ordered Google India to “remove all such videos featuring Sakshi Bhardwaj already in circulation on social media, including videos on YouTube containing hate speeches about Sikh Gurus and Sikh religion.” This was first reported by Bar&Bench.

      Read Full Article
      Mentions: Google IPC
    17. UPI transactions grow 149% in October 2017 to 77M; Rs 7,057.8 cr transacted

      UPI transactions grow 149% in October 2017 to 77M; Rs 7,057.8 cr transacted

      The Unified Payment Interface (UPI) saw a 149% growth in the total transaction volumes taking place between September and October 2017, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a company owned by Indian banks and owns and operates payments systems such as UPI and IMPS, as well as the BHIM application.

      Read Full Article
    18. Refurbished products store Overcart removes product listings; employees look for jobs

      Refurbished products store Overcart removes product listings; employees look for jobs

      Overcart, an e-commerce marketplace for over-stock, unboxed, refurbished, and pre-owned products, as of yesterday, had a notice up saying that it is currently only accepting bulk orders, and customers appear to be complaining about not having received products that they had ordered. Employees appear to be looking for new jobs. We checked, and the website does not list any products anymore: no products in new arrivals, laptop peripherals, restored mobiles, among others.

      Read Full Article
    19. India Today Group names Vivek Khanna as its new Group CEO

      India Today Group names Vivek Khanna as its new Group CEO

      India Today Group, which runs news channels like Aaj Tak and publishes magazines like India Today, has appointed Vivek Khanna as its new group CEO. India Today Group’s founder and editor-in-chief Aroon Purie announced the appointment in an email, which was sent to India Today Group employees. MediaNama has reviewed a copy of the email.

      Khanna fills in the position vacated by Ashish Kumar Bagga in August, who had resigned from his post citing personal reasons.

      Read Full Article
    20. MobiKwik bolsters its top management, to focus on lending and insurance

      MobiKwik bolsters its top management, to focus on lending and insurance

      Payments company MobiKwik is on a hiring spree as it is strengthening its senior management team to bolster its offerings. Announcing its three senior-level appointments, MobiKwik said in a statement that it will hire a total of seven more senior level positions such as CFO, Business Head – Lending, etc, which will be filled up soon. Following are the latest hirings:

      Read Full Article
      Mentions: Honeywell Metro CTO
    21. The Lowdown: DGCA’s operational requirements for drones, application process, safety & more

      The Lowdown: DGCA’s operational requirements for drones, application process, safety & more

      The Office of the Director General of Civil Aviation (DGCA) has released the Civil Aviation Requirements (CAR) for operation of civil Remotely Piloted Aircraft System (RPAS), or as it is commonly known as, drones. As per the CAR, in order to operate a drone one will have to obtain an Unique Identification Number (UIN), an Unmanned Aircraft Operator Permit (UAOP) and comply with certain other operational requirements.

      Read Full Article
    22. Protecting Facebook community more important than maximizing profits: Zuckerberg

      Protecting Facebook community more important than maximizing profits: Zuckerberg

      “I am dead serious about this,” Mark Zuckerberg CEO of Facebook told analysts in his opening comments on increasing security measures on the social network. “I’m talking about this on our earnings call is that I’ve directed our teams to invest so much in security on top of the other investments we’re making that it will significantly impact our profitability going forward, and I wanted our investors to hear that directly from me,” he added.

      Read Full Article
    73-96 of 17629 « 1 2 3 4 5 6 7 ... 733 734 735 »
  1. Categories

    1. Markets:

      Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
    2. Financing:

      Acquisition, Funding
    3. Other:

      Jobs, Reports