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Weekly Digest (27th-04th July 2014)

MediaNama would like to thank its sponsors: Spice Digital, Antfarm, India.com, Fortumo and E2E for their support. Investment & M&A - Do news websites in India need government approvals? Newslaundry.com files for FDI approval - Online beauty & cosmetics store Nykaa secures Rs 20 crore investment - Persistent Systems acquires some assets of Pune-based mobile ad firm Hoopz - Akosha raises $5M from Sequoia Capital to expand its OneDirect enterprise suite - Mu Sigma acquires Singapore-based social media analytics firm Webfluenz - Zomato acquires Menumania; First of many global acquisitions to come - Funding Roundup: Cardback, Greytip, Capital Float and Roposo - MeraEvents raises $1 million from scientific event organizer OMICS International Other Updates: - SBI launches 6 digital branches with video conferencing pods, online booths & more - Cisco to setup Internet of Things Innovation Hub in Bangalore with ELCIA tie-up - Vuclip to offer full length Bollywood movies from Balaji Motion Pictures - Mumbai Metro launches WiFi service with You Broadband tie-up - Indian government is forcing PSUs to issue RuPay cards - Idea Cellular and Opera bring Sponsored Web Passes to India in partnership with Quikr - Hathway launches Broadband Movies with Eros Now - You might soon be able to buy products without leaving the Twitter app - Facebook looks to monetize India’s love for missed calls - Tanveer Mohammad appointed as Uninor COO - Pepper Media launches online reality show for fashion designers - BITS Pilani ties-up with edX to offer open online courses - Truecaller takes down the Recent Searches page that shouldn’t have existed to begin with - Election Commission to replace 9 lakh EVMs after issues…

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