wordpress blog stats
Connect with us

Hi, what are you looking for?

DB Corp to launch online real estate portal; financials

DB Corp will launch Homeonline.com, a real estate portal on 1 August 2016, the company announced in its Q1FY17 quarterly report. It has been investing in Homeonline for a year in order to keep its real estate segment ‘strong and protected.’ The website is live for Raipur and Bhopal currently. The company has also invested in Post Pickle, an English language website aimed at youth and women. The website has reached 1 million visitors, although the company does not mention if they’re unique or overall. DB Corp publishes dailies Dainik Bhaskar, Divya Bhaskar, Saurashtra Samachar, Divya Marathi and DNA. For the quarter ended June 2016 (Q1FY17), the company has posted losses of Rs 7.29 crore for its internet business segment, 8.3% lower from losses of Rs 7.8 crore in the same quarter last year. However, the Internet segment’s revenues in the quarter were at Rs 23 crore, up by 6.5% from Rs 21.5 crore in the same quarter last year. For the same segment, DB Corp has liabilities of Rs 8.37 crore, up 16.8% from Rs 6.97 crore in the same quarter last year. Other highlights: - Advertising revenues grew ~21% year-over-year (YOY) to Rs 413.6 crore from Rs 342.3 crore in Q1 of last fiscal, through volume and market share recovery. - Digital business revenue grew by 22% to Rs 12.3 crore from Rs 10.1 crore in the same quarter last year. - Dainik Bhaskar in Hindi (dainikbhaskar.com) continues to be the company’s top Hindi website, and Divya Bhaskar…

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

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

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

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

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