JustDial, the IPO-bound local information services business, reported a 50% subscription of its shares, with 6,837,225 shares of the 13.5 million shares offered to the public being subscribed to. JustDial is looking to sell 17.5 million shares priced between Rs 470-543 each, thereby raising between Rs 822 to 950 crores from its issue, but 3,936,925 shares have been subscribed to by 15 Anchor Investors at Rs 530 per equity share, for a total of around Rs 208.65 crore. (more…)

MSLGROUP, Publicis Groupe’s strategic communications and engagement network, has now extended its global digital and social media offering Social Hive to India. The company informed that the Social Hive team will consist of more than 40 consultants across Mumbai and Delhi and will be led by Parveez Modak, Senior Vice President, MSL India and Narendra Nag, Vice President, MSL India. (more…)

Just Dial promoters will sell shares in an Initial Public Offer from20th to 22nd May. They will sell 1.75 crore (17.5 million) shares at a price band of 470 to 543. The IPO size is Rs. 822 cr. to Rs. 950 cr. Retail investors get a discount of Rs. 47 from the discovered price. This means investors putting in less than Rs. 200,000.

Let me cut through the bullshit. I’ll get to the points of importance. (more…)

Singapore based online marketplace for media buyers and sellers of outdoor and OOH media, EatAds is expanding its to India with a free-to-list and no commission business model (more…)

Wishpoint Tech Pvt Ltd that runs a price comparison portal ShoppingWish.in has raised an undisclosed amount of angel funding from Sandeep Johri and other angel investors (more…)

“We believe India has a unique opportunity to surpass the world and become a leader in delivery of digital content,” claims RIL chairman and CEO Mukesh Ambani in Reliance Industries’ Annual Report for FY13, adding that its company, Reliance Jio Infocomm, plans to offer fast Internet connectivity on a pan-India basis, and also enable “end-to-end solutions that address the entire value chain across various digital services in key domains of national interest such as education, healthcare, security, financial services, government-citizen interfaces and entertainment.” (more…)

Update: Tata Teleservices Maharashtra (TTML) has informed (pdf) BSE that Tata Sons will be selling 1.9 million shares (1,89,71,968 shares), which accounts for 1% stake in TTML. The sale is expected to be completed by June 4, 2013. (more…)

After much speculation, Yahoo has finally announced that it will acquire Tumblr, the blogging platform, for $1.1 Billion in an all cash deal. (more…)

Business conglomerate, Neesa Group has launched an online national Hindi news and infotainment channel called JanoDuniya.tv that would cover news, entertainment, lifestyle, technology, travel, business, philosophy, among others in Hindi. (more…)

Sahaj e-Village Limited, a subsidiary of Srei Infrastructure which sets up and operates broadband enabled Common Service Centres in rural India in a public-private partnership, has partnered with the e-commerce venture Infibeam to launch an online shopping portal called SahajShopping.com. (more…)