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Weekly Digest (20th-27th May 2016)

MediaNama would like to thank its sponsors: Espn, Getit, Spiral, Times Internet and E2E for their support.

Earnings Mar-16

– HT Media’s digital revenues grow 35% to Rs 140 Cr in FY16; Rs 64 crore loss
– Zomato reports EBITDA losses of Rs 492 Cr; revenues of Rs 185 Cr in FY16
– Lower ad spends pushes Info Edge’s net profit to Rs 57.18 Cr in Q4FY16
– Dish TV hits 508,000 subscriber additions in Q4 FY16; its highest in five years
– DB Group’s Internet revenues were Rs 11.97 Cr for Q4-FY16
– JustDial made Rs 3.65 Cr from setting up JD Omni to sellers; net profit at Rs 35.3 Cr in Q4 FY16

Other Updates:

– Ola launches Lux, a luxury car category in Mumbai
– ASCI calls out Snapdeal, Amazon, Just Dial, Coolpad & others for false advertising
– Facebook’s Audience Network gearing to take on Google AdSense
– MapmyIndia launches car tracking device DriveMate

– Private: Living Media India’s stake in Mail Today transferred to TV Today Network
– Private: “A lot of 99Acres’ ad spends depends on competitive activity”- Info Edge’s Bikhchandani
– BuyDomains blocked once again in India
– Helpchat gunning for JustDial’s Search Plus business? Not going to be easy

– Twitter calls it quits on Buy Button; Our take
– Updated: Jury rules in favour of Google in Android – Java copyright violation case
– Snapdeal offers ready-to-occupy apartments in partnership with Puravankara & JLL
– Funding Roundup: PurpleHealth, Eatonomist, i2ifunding & more

– Vuclip takes VOD service Viu to Indonesia
– Arvind Internet plans to invest $10m in new omni-channel venture
– Uber vehicles seized in Bangalore because it doesn’t have cab aggregator license in Karnataka
– HT Media to buy 8.31% in fashion ecommerce co Koovs for $4.4M

– Radio Mirchi launches 15th internet radio station; online streaming vs FM
– Boom or bust for digital journalism in India?
– Setting up data centers in India shouldn’t be mandatory – Amitabh Kant, CEO Niti Ayog
– Myntra partners with Tanishq to sell jewelry online

– Google Maps will have a new ad format called promoted pins
– Digital India in Jhajjar, Haryana: “Cables are there but the servers needed to start the internet connection haven’t arrived” – Scroll.in
– Microsoft writes off $950M of phone hardware business & cuts 1,850 jobs
– India’s draft drone policy: registration, operator license, flying conditions & more

– Sony Pictures Networks acquires more football rights: Copa America, Euro 2016
– Opera’s shareholder’s approve $1.2B buyout offer from Kunlun and Qihoo 360
– Datawind tablets accounted for 27% of overall shipments in India: IDC
– AirJaldi and Zaya get grants from Microsoft’s Affordable Access Initiative

– Saama Capital raises $31M for its third VC fund
– Online police verification for passports launched in Bangalore
– Now Uber gets a zone for drivers, cars & users at the Bangalore airport
– Bharti Airtel buys Videocon’s 1800MHz spectrum across 6 circles

– Uber & Toyota to work on autonomous cars & research in the US
– Govind Rajan made CEO of Freecharge; Kunal Shah now chairman
– Helpchat users can now book Jugnoo rickshaws over the app
– Anand Chandrasekaran quits Snapdeal as the Chief Product Officer

– MobiKwik users can now add cash to their wallets through Suvidhaa outlets
– Delhi to launch app-based premium buses from June 1; Only electronic payments allowed
– Indian Museum ties up with Google Cultural Institute to digitize its galleries
– And then there were eight: Tech Mahindra withdraws its payments bank

– Google’s internet education program for rural Indian women now live in 9 states
– Facebook will not use external websites for its Trending Topics algorithm
– Bring transparency and independent review to website blocking, HRW tells Indian government
– Magzter will display full page interactive ads on its digital magazines

– Funding Roundup: Zebroads, EduAce, Locus & more
– RBI looking to cap customer liability in online frauds and bank account portability
– UC Browser has over 400 million users worldwide; 58% market share in India
– CNBC Awaaz editor-in-chief Sanjay Pugalia quits Network18

– Industry Moves: Apple, Flipkart, Adobe, Mindshare, Ecom Express & Viacom 18
– AISECT launches online course platform with 750 courses
– Snapdeal Ads now allow curated ad campaigns & customer targeting
– TRAI proposes bringing DTH, Cable TV, HITS, IPTV operators under unified QoS framework

– Kolkata leads mobile transactions in the country: Yahoo India-Mindshare study
– Is Rohit Singh’s SplitView distinctive with respect to Apple’s SplitView? – SpicyIP
– Microsoft updates content policy to block promotion of terrorism
– TinyOwl’s Harshvardhan Mandad on its plans to roll out deliveries with Roadrunnr

– TravelKhana’s mobile app will accept food orders without internet
– Another Payments bank license surrendered: Telenor, IDFC Bank and Sun Pharma promoter consortium quits
– Prepaid card transactions grew over 13.4%; mobile wallets up 9% in March 2016
– BSNL to launch wallet service with SBI within a month

– TinyOwl shutters operations everywhere but Mumbai; to keep user data
– RCOM extends talks with Aircel to merge wireless business

Useful Lists:

– Deals: VC, PE & M&A In Internet, Mobile, Media in India
– Short Code Services in India
– Circlewise List Of Telecom Operators in India
– Statewise Broadband Subscribers In India
– Digital Payment Companies in India
– Advertising Networks in India


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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ