wordpress blog stats
Connect with us

Hi, what are you looking for?

Housing saga: The plot thickens as Times Group sends legal notice citing defamation

Bennett, Coleman & Co. Ltd, the holding company of Times Group has sent a legal notice to real estate portal Housing.com owner, Locon Solutions Pvt Ltd., and board for alleged defamation, reports TechCircle. The notice names Housing CEO Rahul Yadav and its directors, asking them to issue an unconditional apology and is seeking $16 million in damages. Earlier this week on the 16th, Yadav, in an internal mail, claimed that Times Internet owned online real estate portal Magicbricks.com is currently trying to “malign Housing’s position in India” while it closes a round of funding in the US. This was following a nasty email to Shailendra Singh, in which Yadav was upset that Sequoia Capital was looking to poach employees at Housing.com. The original email written by Rahul Yadav: Subject: Investors considering to remove Housing.com co-founder Rahul Yadav as CEO: Economic Times http://economictimes.indiatimes.com/wealth/real-estate/news/investors-considering-to-remove-housing-com-co-founder-rahul-yadav-as-ceo-sources/articleshow/46534663.cms     Investors called me and said Times is behind you, be ready for such story     MagicBricks (Our competitor and a Times Group Company) is trying to close funding round in US while malign Housing’s position in India. Housing is being loved in US.     And they linked me with that unfortunate car accident. They have no shame!     After paying for past and upcoming marketing blasts’ advances as well, We still have 75Mn+ in our bank. Ola cabs raised $200Mn. We raised $90Mn. Almost at the same time. Their cash burn is 125Cr per month and ours

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ