VAS firm Tanla Solutions has registered a 34% drop in net profits to Rs. 291 million for the quarter ended March 31, 2009 from the previous quarter. It has fallen by 42% from Rs 500 million clocked on a year on year basis. ZED JV Gets FIPB Approval The company's Indian centre, based in Hyderabad, had recently received a go ahead from FIPB for setting up a joint venture that will focus on Mobile Internet space, Mobile Entertainment, Mobile Advertising, and Interactive TV. Details: Financials Financials Gross revenues dropped by 15% over the previous quarter to Rs 1435 million, and were slightly lower (at 3%) than what Tanla clocked in the same quarter last fiscal. Overseas revenues, which form the bulk of the revenues, also showed a similar drop of 3% from Q408. It registered a fall of 14% to Rs 1,386 million from Rs 1,606 million last quarter. Domestic revenues have dropped by 37% for the quarter to Rs 39 million from Rs 61 million recorded in Q3. What is amazing is that compared to the same quarter last fiscal, when Tanla's revenues from sales in the country was just Rs 2 million, revenues have shot up a dizzying 1502%, albeit on a low base. According to Business Line, the company should have taken two to three years for India to have contributed substantially to revenues. In comparison with FY08, EPS increased by 20% to Rs 20. FY 2009 has been a good year for the company with net profit…
- Flipkart Not Required to Take “Action” on Copyright Complaints Under Platform Regulation Rules: Delhi HC March 21, 2023
- RTI: Indian govt says registration on U-WIN “not compulsory” yet for vaccination, but is the information public? March 21, 2023
- Cybersecurity rules: Only 15 entities reported incidents within the stipulated 6 hours, RTI reveals March 21, 2023
- MediaNama Daily: A Copyright Conundrum March 21, 2023
- Now Health Ministry says: ‘No report’ on the creation of health database by e-pharmacies March 20, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...