MTNL losses widened to Rs 943 Cr in Q1FY19
Government-owned telecom operator MTNL continues to post losses. For the quarter ended June 30, 2018 (Q1FY19), it reported losses of Rs 943.38 crore. L…
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Silly Monks acquires 51% stake in Chintala Sports
Hyderabad based digital media firm Silly Monks has acquired a 51% stake in Chintala Sports Private Limited for an undisclosed amount, reports the Econo…
Facebook’s targeted ads are discriminatory, should be held liable: US DoJ
The United States Department of Justice has sided with (pdf) four housing alliances and housing groups after they accused Facebook of being discriminat…
Intrasoft’s revenues down 4% YoY to Rs 266.7 Cr in Q1FY19
Intrasoft Technologies, which runs the multi-channel e-commerce retail platform 123Stores.com, has posted revenues of Rs 266.7 crore for the quarter en…
NDTV digital revenues at Rs 37 Cr, overall profits up in Q1FY19
NDTV Group's digital business clocked in revenues of Rs 37 crores with Profit After Tax (PAT) of Rs 4 crores in Q1FY19. In the financial year ended 201…
Elara Technologies raises $35 million from Citi Singapore
Elara Technologies, which owns and operates online real estate websites PropTiger, Housing and Makaan, has raised $35 million as debt from Citi Singapo…
Tata Communications revenues declined by 2.4% in Q1FY19
Tata Communications has reported a 2.4% year-on-year decline in consolidated revenue to Rs 3912.3 crore in Q1FY19. The company said that this was "prim…
ALTBalaji adds 2.2M subs in Q1FY19, quarterly revenue at Rs 5.8 Cr
Balaji Telefilms's revenues from its digital business ALT Balaji stood at Rs 5.8 crore for the quarter ended 31st March 2018 (Q1FY19), which is a seque…
Yatra revenues down 7%, loss of Rs 31 Cr in Q1FY19
Online travel agency Yatra.com posted a loss of Rs 31.2 crore for the quarter ended June 2018 (Q1FY19). The company's losses had narrowed in the same q…
Airtel to float independent fibre infrastructure company: report
Airtel is replicating its strategy for tower infrastructure with fibre by creating a separate B2B company to develop optical fibre cable infrastructure…
Zee & Airtel partnership to offer digital content on Airtel TV & ZEE5
Zee Entertainment Enterprises (ZEEL) has entered into a content sharing partnership with Bharti Airtel, reports Economic Times. This development comes …
Telcos to use facial authentication for Aadhaar KYC from next month
The UIDAI has announced a phased rollout of facial recognition for Aadhaar starting with telecom companies from 15 September, reports The Financial Exp…