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News Digest: Pressmart, Garmin-Reliance, Mjunction, Quippo & More

Pressmart Introduces ‘ePortal’ a Do-it-yourself, Pay-As-You-Go ePublishing Solution

Pressmart today announced the launch of a new SaaS, pay-as-you-go hosted Web CMS product ePortal to complement its suite of ePublishing solutions. Unlike a licensed product, it is an on demand service wherein Publishers simply choose the features they want and pay only for what is used. Apart from this, Pressmart offers monetization options such as Paid Subscriptions, Ad Management, Analytics, and Search Engine Friendly Content, as well as Archiving, Content Caching, Web and Mobile delivery,etc. (Read more)

Mjunction launches B2C initiative

Mjunction Services, an e-commerce joint venture between Tata Steel and Steel Authority of India (SAIL), has forayed into a business-to-consumer (B2C) initiative. Named straightline.in, with technology support from information technology companies IBM and Cognizant, the e-commerce portal now comes in direct competition with established ones, such as eBay and Amazon.com, among others. (more at Business Standard)

Garmin Join Hands With Reliance Autozone to Launch Car Navigation Device in India

Reliance Autozone, the automotive retail arm of Reliance Retail and Garmin, a satellite navigation devices company, will introduce Garmins navigation devices in India – Nuvi 205, 215 and 715. (Read more…)

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Quippo Looking to Raise About $300 Million Via Stake Sale

Quippo Telecom Infrastructure Ltd. is looking to raise around $300 million through a stake sale to pay off its debt. The company holds a 49% stake in Wireless TT Info-Services Ltd .WTTIL now has about 25,000 towers. At the time of the deal in January, the combined entity had about 18,000 towers, which gave it an enterprise value of 130 billion rupees ($2.82 billion Demand for passive telecom network infrastructure such as towers is booming in India – the world’s fastest-growing telecom market by subscriber additions – as new mobile providers opt for leasing infrastructure to reduce costs and roll out services faster. (more at Wall Street Journal)

BSNL employees arrested on SIM card case

Two Bharat Sanchar Nigam Limited (BSNL) employees were arrested today for issuing SIM cards on fake documents.The users of the SIM cards talked over three months to foreign countries which costs about Rs 8.5 lakhs. (more at Central Chronicle)

7Seas Technologies releases online game “Diwali Dhamaka” on occasion of Diwali Festival

7Seas Technologies Limited,a Hyderabad-based independent IP-based games development company, today announced the launch of its new online game “Diwali Dhamaka”. This game is available for free on its online gaming portal www.onlinerealgames.com in three Indian languages viz. Hindi, English & Telugu.( more at 7 Seas Tech)

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