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HT Media’s revenue from digital, mobile businesses falls in Q3

HT Media Ltd, the publisher of Hindustan Times and Mint newspapers and related websites, on Tuesday reported a drop in revenue from its digital and mobile businesses for the fiscal third quarter. Revenue from the digital business fell 3% to Rs 37.1 crore in the October-December 2016 quarter from Rs ...

24 January, 2017 | More »

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Amazon leases over one mn sq ft of office space in 2016

There is no doubt that US online retailing giant Amazon is aggressively looking to narrow the marginal market share gap with Flipkart. In a further boost to its expansion plans, Amazon leased more than a million square feet of office space in India in 2016, equal to what it leased from 2008 to 2015....

23 January, 2017 | More »

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B2B logistics startup BlackBuck to raise $10 mn from IFC

International Finance Corporation plans to make an equity investment of up to $10 million (Rs 68 crore) in logistics startup BlackBuck for a minority stake, the World Bank’s private-sector arm said. The investment will help BlackBuck, operated by Bangalore-based Zinka Logistics Solutions Pvt. Ltd,...

19 January, 2017 | More »

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Rocket Internet mops up $1 bn to back startups globally

Rocket Internet SE, the German investment firm that has struggled with its bets on Indian companies, has raised $1 billion in a new fund to back Internet companies globally. The Rocket Internet Capital Partners fund is Europe’s largest fund focused on the Internet sector, the firm said in a statem...

19 January, 2017 | More »

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Flipkart, Amazon drop $1 bn Souq acquisition bid: Report

US-based Amazon.com Inc and Indian online retailer Flipkart have dropped a bid to acquire Middle East-based horizontal e-commerce venture Souq.com due to a disagreement over price, Bloomberg reported on Wednesday. Souq.com has now reached out to Dubai-based mall company Majid Al Futtaim, the report ...

18 January, 2017 | More »

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PropTiger-Housing deal to be signed this week

Online property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in...

9 January, 2017 | More »

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Xiaomi India clocks revenues of Rs 7,000 cr in 2016

Chinese smartphone maker Xiaomi Inc registered revenues of $1 billion (nearly Rs 7,000 crore) in India in 2016, only two years after it started its operations in the country, the company said in a media release. The smartphone maker, which launched its most popular smartphone Redmi Note 3 last year,...

5 January, 2017 | More »

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Smart, connected living key theme for Samsung at CES 2017

Smarter, connected living seems to be the theme for South Korean tech giant Samsung Electronics at the consumer electronics show CES 2017 in Las Vegas. Ahead of the prestigious trade show, which starts today, the company announced its new QLED TV series – Q9, Q8, and Q7 – bringing a new lineup t...

5 January, 2017 | More »

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Low entry barriers behind high mortality in consumer tech: FideliMent’s Bharat Banka

Service-enabling tech startups ruled the roost in 2016 with fin-tech, health-tech and ed-tech companies garnering the highest share of investments, despite a significant slowdown in deal making activity. The total number of startups that got funding this year fell more than a fourth (27.5%) from las...

4 January, 2017 | More »

Apple partner Wistron seeks approval to expand Bengaluru plant

Wistron Corp, a Taiwanese smartphone component manufacturer that also supplies to iPhone maker Apple Inc, is seeking permission to expand its Bengaluru plant, Reuters reported on Monday. Wistron, the single-largest contract manufacturer for smartphones in India, has requested the Karnataka governmen...

2 January, 2017 | More »