Update 2: The Hindu has since pulled the story from its website. Update 1: A Sify spokesperson, in an emailed response to MediaNama, has said that India World "was being maintained only as a legal entity with no conduct of business. Given that it was a shell entity which does not conduct business any longer, it was decided to close it down after three years. This was reported in the last filing with the SEC." "The channels of India World, as you rightly pointed out, were absorbed into Sify.com a long time ago. Samachar and Bawarchi are, in fact, flagship channels on Sify.com, and have been re-launched with new formats, with rich graphics and video content. Both are doing very well and growing in usage and revenues." Original Story: Nasdaq listed Sify Technologies has shut its IndiaWorld subsidiary reports The Hindu (Update: has been pulled, and is a dead link). IndiaWorld was acquired from Rajesh Jain at the height of the dot com boom for Rs. 500 crores, reportedly a cash and stock deal. Though IndiaWorld, the company, has been shut down, Sify has incorporated the websites - Samachar.com, Khoj.com, Khel.com, Bawarchi.com among others into its consumer business (see Update 1). Aggregator Samachar.com is still live, and received a makeover last fiscal. It is still aggregating content from HindustanTimes, NDTV, The Hindu, Indian Express, among others, and is still being monetized with advertisements. Khoj.com has been replaced with a Google Search; Khel.com redirects to Sify Sports. Bawarchi.com redirects to Sify Food. What we really want to…
