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    1. Zee Entertainment domestic ad revenue grows by 8.1% to Rs794.4 crores in Q4-17

      Zee Entertainment domestic ad revenue grows by 8.1% to Rs794.4 crores in Q4-17

      Zee Entertainment reported consolidated revenue of Rs 1528 crores million for Q4-2017. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) was at Rs 468.7 crores, with an EBITDA margin of 30.7%.

      Profit after tax for the quarter was Rs 1514.2 crores which includes an exceptional gain of Rs 1223.4 crores on account of sale of sports business Taj TV (Ten Sports) to Sony Pictures Network. This is on the basis of the first phase of the sale, so there’s more money coming.

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    2. Twitter India promotes Taranjeet Singh as Country Director

      Twitter India promotes Taranjeet Singh as Country Director

      Twitter India has promoted Taranjeet Singh, the current head of ad sales and marketing, as the new Country Director, reports Exchange4media. In his role, Singh will lead the Twitter India team by creating new business strategies, driving audience engagement and growth, and partnering with new brands for ads. He will mainly look into the news politics, sports and entertainment segment.

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    3. OYO Rooms expands Townhouse to Hyderabad

      OYO Rooms expands Townhouse to Hyderabad

      Budget hotel aggregator OYO Rooms has expanded its Townhouse service to Hyderabad. Unlike OYO Rooms, ‘Townhouses’ are entirely operated by OYO, giving the company more control over its operations. This is the fifth Townhouse from Oyo, since it introduced them in in January this year. The other four hotels in the portfolio are located in Delhi-NCR. The rooms are priced Rs 2500 and upwards.

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    4. NEFT transfers to become faster as RBI increases settlements in a day

      NEFT transfers to become faster as RBI increases settlements in a day

      The National Electronic Funds Transfer (NEFT) payment system will have an additional 11 settlement batches during a day taking the total number of batches to 23, the Reserve Bank of India said in a notification. Earlier, the NEFT system had 12 settlement batches from 8 am to and 7 pm on weekdays and 8 am to 1 pm on Saturdays.

      ““The half hourly settlements would speed up the funds transfer process and provide faster credit to the destination accounts,” the RBI said.

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    5. Netflix begins directly peering with large Internet exchange in India

      Netflix begins directly peering with large Internet exchange in India

      Exclusive: Netflix has started peering with Mumbai Convergence Hub (MumbaiCH), India’s second largest Internet exchange, a MumbaiCH official told MediaNama. The development was confirmed by Netflix’s addition to MumbaiCH’s list of participants. Netflix has installed multiple “points of presence” (POPs) in a MumbaiCH partner datacenter. This means that Netflix subscribers who are on MumbaiCH’s member ISPs’ networks will be able to stream Netflix streams directly from MumbaiCH’s Netflix POP.

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    6. Video analytics firm Vidooly gets $1.4M funding from GVFL and Times Internet

      Video analytics firm Vidooly gets $1.4M funding from GVFL and Times Internet

      Vidooly, a Noida-based online video analytics firm, has raised $1.4 million (₹8.9 crores) in funding from venture capital firm GVFL, and Times Internet. Vidooly works with YouTube channels, MCNs (which are aggregators who represent multiple channels for a commission), and brands. The firm provides “video intelligence” services to its clients, such as audience engagement data, a demographic break-up of viewers, and optimisation strategies for distributed video.

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    7. RBI extends last date for companies applying to be BBPS operating unit

      RBI extends last date for companies applying to be BBPS operating unit

      The Reserve Bank of India (RBI) has extended the last date for companies and entities looking to undertake billing business under the Bharat Bill Payment System (BBPS). Companies can now apply to become an operating unit (BBPOU) till December 31, 2017, from the earlier May 31, 2017.

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    8. DishTV Videocon D2H merger gets CCI approval; Competition in DTH

      DishTV Videocon D2H merger gets CCI approval; Competition in DTH

      DishTV and Videocon D2H have received approval for their merger from the Competition Commission of India. Separately, shareholders in NASDAQ-listed Videocon D2H also gave the green light for the deal according to this SEC filing.  The merger deal is now pending approval from Indian courts is expected to receive final approval by second half of 2017.

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    9. What will Power Grid do with its Unified License?

      What will Power Grid do with its Unified License?

      Power Grid Corporation of India Limited, a state-owned power and telecom service provider has acquired a Unified License from the Department of Telecom, it informed the BSE yesterday. The Unified License will allow Power Grid to offer telecom and Internet services. The government-owned company didn’t clarify on how it plans to us this license: to launch telecom services publicly (for which it will need spectrum), to launch Internet services, or to set a private telecom infrastructure in-house.

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    10. Palo Alto-based POS player Poynt appoints Pratyush Prasanna as India MD

      Palo Alto-based POS player Poynt appoints Pratyush Prasanna as India MD

      Poynt, a point-of-sale (POS), terminal provider based out of Palo Alto, California, has appointed Pratyush Prasanna as managing director of India operations. According to his LinkedIn profile, Prasanna started working for Poynt in March 2017.

      Prior to his current role, he was founder and CEO of  MagicX, an AI enabled chat platform for commerce transactions. Prasanna had also founded PlusTxt which was acquired by Paytm in 2013.

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    11. DoT approves 61 companies for providing MVNO services

      DoT approves 61 companies for providing MVNO services

      Out of the 61 companies that received approval for a Virtual Network Operator (VNO) from the DoT this month, a majority of the VNO licenses were awarded to companies in Tier-2&3 cities as such as Surat, Ahmedabad, and Vadodara, Rajkot, Kanpur, Agra among others. Companies from metro cities including Mumbai and Delhi followed closely. In October last year, DoT had issued letter of intent to these companies who applied for an MVNO license.

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      Mentions: Mvno
    12. In top-level rejig, Viacom18 elevates Hindi channels head Raj Nayak to COO

      In top-level rejig, Viacom18 elevates Hindi channels head Raj Nayak to COO

      Led by the promotion of Raj Nayak, from head of Hindi channels Colors and Rishtey, to Chief Operating Officer, Viacom18 has restructured its top management. With this rejig, Viacom18 has consolidated its Hindi, Youth, Music and English Entertainment wings under Nayak, who will report to Sudhanshu Vats, Viacom18’s CEO.

      Other changes:

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    13. Amazon India to give damage allowance to certain sellers

      Amazon India to give damage allowance to certain sellers

      Amazon India will give vendors an allowance to cover damages that could occur during transit. Currently, the allowance will be given for products in apparel, shoes, watches and luggage category and will be applicable to vendors selling via Seller Flex. Until now, sellers had to file claims for the products getting damaged in transit, as indicated by the Economic Times.

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    14. Tata Comm reports Rs 260Cr loss in Q4 FY17 after data business posts losses

      Tata Comm reports Rs 260Cr loss in Q4 FY17 after data business posts losses

      Tata Communications has reported a consolidated net loss of Rs 260.81 crore for the quarter ended March 2017 (Q4 FY17), which is down significantly from Rs 1412.8 crore profit that the company made in the previous quarter. On a year on year basis, losses increased marginally from Rs 256.9 crore in Q3FY16. Tata Communications had reported profits in the previous quarter widened due to an “exceptional one-time gain” after it sold a majority stake in its Africa ISP Neotel for $428 million.

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    15. YES Bank and Cashkaro launch personalised cashbacks; How it works

      YES Bank and Cashkaro launch personalised cashbacks; How it works

      YES Bank and cashback and coupon site Cashkaro have launched a customer loyalty programme with card-linked offers, which will allow merchants to create personalized and targeted deals for cashbacks. The promotions are sent via SMS, e-mail mobile app notifications and a separate web page. At present, this personalised cash-back service is available on YES Bank debit cards, on transactions made both online and offline, but will be extended to other payment products.

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      Mentions: POS SMS Trai
    16. Ola and Airtel ink partnership covering booking, payments, recharges and content

      Ola and Airtel ink partnership covering booking, payments, recharges and content

      Ola users will now be able to pay for their rides using Airtel Payment Bank, and use Airtel’s physical stores and kiosks to book rides. In addition to this, Ola Play users will get access to streaming content during their ride from Airtel: Airtel provides its own content streaming service under the Wynk brand (Movies, Music and Games).

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    17. Hotstar: Net Neutrality should be in Internet providers’ license

      Hotstar: Net Neutrality should be in Internet providers’ license

      Hotstar has supported strong Net Neutrality rules in a filing to India’s telecom regulator, TRAI. It has recommended “bright-line” rules that clearly prohibit discriminatory behaviour like blocking and slowing down some sites and services. The company also argued for a very narrow list of exceptions to Net Neutrality regulations, with specific conditions to be fulfilled for exemption from rules to be allowed.

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