Nasdaq-listed Indian Internet and IT firm Sify Technologies appears to have finally settled out of court the business tort suit (case no: 1-06-CV-076671) which it filed against Yahoo in the Superior Court of California, County of Santa Clara on 18th of December 2006. Read a 2006 news report of the case details on ContentSutra. Sify's legal win or settlement has contributed $12 million to its other income but when contacted the spokesperson declined to confirm it saying, "With regard to your query regarding other income, under the terms of a confidentiality agreement, we cannot provide further comment on this matter." Details: Conference Call recording | Financials With this $12 million, the company has registered a net profit in the December 2009 quarter of $9.46 million. It had posted a net loss of $2.36 million in the previous quarter and $4.33 million in the December 2008 quarter. Revving Up Consumer Biz This Year, Unified Approach Planned Until now, we had not understood why Sify was holding onto its decaying consumer business - cyber cafes (ePorts), home broadband and Sify.com - but the company has now announced that it will step up investments in its consumer business and is in the final stages of preparation for a unified strategy for consumer services with test launches scheduled for the near future. The unified approach will see value added services being offered across cyber cafes, home broadband customers and Sify.com users. Applications have been identified across utility bill payments, learning and education, ticketing, shopping,…
- How much money was seized by the Indian state while investigating illegal loan apps? February 8, 2023
- Publishers Aren’t ‘Intermediaries’, IT Ministry Says: What Does This Mean for India’s Online Gaming Laws? February 8, 2023
- You can now use PhonePe UPI to pay in UAE, Singapore, Nepal and Bhutan February 8, 2023
- Wikipedia ‘Unblocked’ in Pakistan, PM Forms A Committee To Regulate ‘Objectionable’ Content February 8, 2023
- Explained: What is the feud over ownership between Binance and WazirX? February 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
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
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
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...