MediaNama had learnt from sources that Times Internet Limited (Indiatimes) has bought back Seqioua Capital India’s stake in the company. When contacted, Indiatimes CEO Rishi Khiani declined to confirm or ... Continue_Reading

Update: Phani Narayanam, Founder, EYantra informs us that the company had bought back stake from Times Private Treaties last year. Earlier (March 12, 2009): Hyderbad based merchandising and corporate gifting solution company ... Continue_Reading

In a bid to increase the foreign direct investment (FDI) in India, the Cabinet Committee on Economic Affairs has approved a proposal to review the policy of approvals for foreign ... Continue_Reading

BK Modi’s Spice Group has acquired around 18.81 percent in Singapore based Internet Telephony and Data company MediaRing. In addition, Spice can also acquire 1.34% shares if MediaRing employees choose to ... Continue_Reading

An unconfirmed ET report says US telco AT&T may be planning to pick up a 10% stake in public sector unit BSNL. According to the report, BSNL’s top brass have ... Continue_Reading

Network18 Media & Investments, the holding company for the Network18 Group, has informed the BSE that their board has approved a plan to issue 92,05,650 shares to SAIF Partners on ... Continue_Reading

  Obopay, the US and India based Mobile payments company has raised an undisclosed amount from Nokia, for a minority stake; FT reports that that the investment is around $70 million. ... Continue_Reading

NTT DoCoMo is set to invest Rs 138.73 billion in Tata Teleservices, following an approval from the Cabinet Committee on Economic Affairs. The Japanese behemoth had announced intent to acquire a stake in ... Continue_Reading

ValueFirst Messaging has secured $6 million in a Series B funding round from New Enterprise Associates, just as Medianama had reported in December via independent sources. In its first round of ... Continue_Reading

Mobile Media company Affle, whose SMS replacement product SMS 2.0 has been deployed with Airtel and Idea Cellular, has raised a strategic investment from Microsoft. While the amount of investment ... Continue_Reading

UTV Softwares Interactive and Gaming segments appear to have turned a corner – for the quarter ending December 31st, both divisions have reported a profit at the EBITDA level. On ... Continue_Reading

Info Edge (Naukri) has reported a net profit of Rs. 172.12 million for the quarter ending December 31st 2008, up 9.84% from the last quarter, and 23.94% from the corresponding ... Continue_Reading