Chinese phone retailer to pick up stake in Spice Group’s Saholic.com

Beijing Digital Telecom Co Ltd said on Wednesday it has agreed to acquire a stake in the online retail arm of Spice Group and will also form a joint venture with the Indian company to make and sell mobile phones and accessories. The Chinese mobile-phone retailer will pick up a 49% stake in Spice Onl...

Anand Rai

Freecharge claims it is doing 40K mobile recharges a day; plans new features, mobile apps

Freecharge.in, a recharge portal run by Mumbai-based Accelyst Solutions Pvt Ltd, claims to be doing 40,000 transactions a day. The recharges are largely for mobiles, followed by data cards and DTH. On an average, the site is doing Rs 60 lakh worth of recharge on a daily basis, which means Rs 219 cro...