Indian Media Magazine – Media, Television, Movie and Celebrity News

On the company’s conference call, Info Edge CEO Hitesh Oberoi informed that the company’s stand alone net sales in FY12 were at Rs 375.6 crore versus Rs 293.6 crore, an increase of  about 28% compared to last year. The total income grew to Rs 416.5 crore for the full year, from Rs 321.8 crore, an …

Read More →

Professional networking site LinkedIn, has agreed to acquire SlideShare, a professional content presentation platform, for $118.75 million (approximately Rs 638.26 Crore). The transaction will be a combination of approximately 45% cash and around 55% in stock. The acquisition is expected to close during the second quarter of this year. LinkedIn has been working closely with Slideshare …

Read More →

It appears that Reliance Communications has blocked video sharing website Vimeo and torrent website The Pirate Bay. While the reason of the block is not yet known, these websites are apparently blocked as per the instructions of Department of Telecommunications (DoT) (screenshot below). We tried accessing Vimeo and several other torrent websites and were instead redirected to …

Read More →

The impasse between MakeMyTrip.com and two airlines – Jet Airways and IndiGo – has been broken, with tickets from the two airlines now being made available again on the Online Travel Agent (OTA). A little over two weeks ago, Indigo and Jet Airways has pulled their inventory from MakeMyTrip over its opaque fare scheme; Indigo …

Read More →

The Indian Space Research Organization (ISRO) has given its clearance to the railways to offer internet connectivity in moving trains, using a satellite based connection through KU band frequency, reports DNA.  In March 2012, K. H. Muniyappa, the Minister of State for Railways, had informed the Parliament of India, that the Railways was planning to provide Internet facility …

Read More →

The Indian Space Research Organization (ISRO) has given its clearance to the railways to offer internet connectivity in moving trains, using a satellite based connection through KU band frequency, reports DNA.  In March 2012, K. H. Muniyappa, the Minister of State for Railways, had informed the Parliament of India, that the Railways was planning to provide Internet facility …

Read More →

The Cellular Operators Association of India (COAI) has brought together the top management of five telecom operators, who are addressing the press right now, voicing their concerns about the TRAI’s proposed auction plan. On the panel are Sanjay Kapoor, CEO (India & South Asia), Airtel; Himanshu Kampania, MD of Idea Cellular, Rajiv Bawa, Chief Representative …

Read More →

 The Andhra Pradesh High Court has sanctioned the merger of  Hyderabad-based Ybrant Digital, an online marketing company and  LGS Global, a BSE listed technology and outsourcing services provider, the company said in a filing with the Bombay Stock Exchange (BSE).  The combined entity will be referred to as ‘Ybrant Digital Limited’, as per the scheme. The High Court orders will …

Read More →

Info Edge Ltd, which owns Naukri.com, 99Acres, Jeevansathi.com, Shiksha.com, among others, on a conslidated basis, reported a Net Profit after tax of Rs 39.91 crore for the quarter ended March 31st, 2012 (Q4-FY12), up 48.42% from Rs 26.89 crore reported for the corresponding quarter, last year. Net Sales were Rs 105.88  crore, up  29.96% from Rs …

Read More →

Noida-based TV guide, iDubba has raised angel money from a group of angel investors including – Rajan Anandan (Google India MD), Srikant Sastri (Vivaki India head), and Abhishek Rungta and Pallav Nadhani (seeders.in). iDubba didn’t disclose the amount of investment it received, but Rabi Gupta, Co-Founder of iDubba told MediaNama that the investment will be used for technology …

Read More →