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News Digest: MTNL, Nuance-SpinVox, aMap-Tata Sky, RComm-Idea & More

iYogi Raises $15 Million From DFJ, Canaan, SAP & SVB

Consumer technology service company, iYogi has announced that it has raised $15 million in funding from Draper Fisher Jurvetson,Canaan Partners, SAP Ventures and SVB India Capital Partners. iYogi will use the investment capital to enhance services, expand its team of global experts.

Nuance To Buy SpinVox For $102.5 Million

Digital speech company Nuance is set to buy SpinVox for $102.5 million in cash and shares. Nuance will integrate SpinVox’s carrier services with its speech recognition platform. SpinVox had raised its second $100 million in March 2008 from Goldman Sachs, along with GLG Partners, Blue Mountain Capital Management and Toscafund Asset Management. (Read more at mocoNews.net)

MakeMyTrip Launches Services In UAE

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MakeMyTrip has announced the availability of its complete range of services in the Emirates market at www.makemytrip.ae. Users can pay for the online purchase in the local AED currency and there is no additional transaction surcharge for credit card use. (Read more at AMEinfo.com)

Novatium Solutions Plans To Raise $10 Million Growth Fund

Chennai based Novatium Solutions has plans to raise a $10 million growth fund. The fund will be utilized to market Nova Navigator, a computing service comprising of a set-top-box, keyboard and mouse that can support multiple operating systems both in India and abroad. The company already has a tie-up with MTNL, BSNL and Tata Teleservices and is planning to partner other telecom operators as well. (Read more at Business Standard)

MTNL Targets 50 Lakh Subscriber Base By End Of FY 09-10

MTNL expects their subscriber base to reach 50lakh by the end of the fiscal year 09-10. It hopes to add 3 lakh 3G customers alone. (Read more at Business Line)

Bollywood movie 3 Idiots starring Aamir Khan will be available for free download on YouTubewithin 3 months of the release. (Read more at Business Standard)

aMap will provide DTH viewership and interactive engagement metrics for Tata Sky through its DTH measurement panel, aMap Digital. (Read more at campaign India)

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RComm And Idea Pulled Up By Advertising Standards Council

Reliance Communications and Idea Cellular have been pulled up by the Advertising Standards Council for India (ASCI) for running misleading ad campaigns for the period July to October 2009. The controversial ads are Reliance Communications claim as the ‘fastest mobile broadband service in India’ and Idea Cellular’s ‘walk when you talk’ campaign that encouraged talking on the phone while walking on the road which is not safe. (Read more at Indiantelevision.com)

Uday Singh Quits As CEO, PVR Pictures

Uday Singh has quit as CEO for PVR Pictures. Singh had joined the company in March and he has not disclosed his future plans post PVR. Pramod Arora, group president, PVR Ltd and director, PVR Blu-O will take over as CEO. (Read more at Indiantelevision.com)

Digicable Network To Increase Stake To 80 Percent In CableComm

Digicable Network is buying more stake in Kolkata based MSO CableComm. After the buy Digicable will increase its stake from 51 percent to 80 percent in CableComm. The fund generated from the sale will be used to expand the network to the eastern part of the country. (Read more at Indiantelevision.com)

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UTV Replaces Bindass Movies With UTV Action

UTV Global Broadcasting has pulled the plug on Bindass Movies and replacing it with UTV Action, a Hindi action movie channel. It will be a pay channel, priced at Rs 10. Hindustan Unilever, Asian Paints, TVS Tyres and HCL computers have already signed up to advertise in the channel. (Read more at Indiantelevision.com)

Tata Teleservices has proposed the creation of a wireless spectrum pool to be managed by an indpendent body as a solution to the problems that arise due to spectrum allocation. (Read more at TMCnet.com)

Ybrant Digital, LiveVana Innovations And Lepton Software Launch Location Based Ad Platform

Ybrant Digital in parteneship with LiveVana Innovations and Lepton Software have launched a location-based advertising platform. The platform will allow mobile service providers and advertisers to send advertisements and services to subscribers based on their location. (Read more at CXOtoday.com)

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