Makkad G's 10101
1nformation 0n 1ndian 0nline 1ndustry
(Beta…, Beti, Bhai, Behen. Every1's invited!)
Version 02.10
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Hello,
Here's your issue of Makkad G's 10101 for May 16–31, 2008.
Happy Reading!
Makkad G
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Talk of the Town
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MagicBricks to organise property fair in Gurgaon on 17-18 May
Real estate portal MagicBricks.com is organising a property fair in Gurgaon on 17-18th May 2008. The event is expected to witness the participation of over 5,000 property seekers and a number of property developers including Tivoli Holiday Village, BPTP, Octagon, Pal Group and Shourya Housing. This is the third time that MagicBricks.com is holding a property fair in Gurgaon.
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CBS to acquire CNET Networks for $1.8 billion
CBS Corporation will buy CNET Networks, a US-based interactive media company which owns a number of news and information sites including News.com and Download.com, for $1.8 billion.
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eBay, Craigslist sue each other alleging breach of agreement
Online auction company eBay recently filed a lawsuit against online classifieds company Craigslist, alleging that Craigslist had tried to dilute eBays's 28.4 per cent stake in the company to 24.85 per cent. Now, Craigslist has countersued eBay claiming that eBay attempted to repeal competition by using privileges and information gleaned from its stake in Craigslist to benefit its own classifieds site Kijiji.
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Buongiorno to introduce mobile advertising solutions in India
Buongiorno, a provider of mobile value added services and digital marketing services, is planning to launch its mobile advertising solutions in India. The company has already introduced its mobile advertising programme in Egypt in collaboration with Vodafone.
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Facebook unveils new design of its profile pages
US-based social networking site Facebook has unveiled the new design of its users' profile pages which will now move away from a single flat page to a tabbed design. The move is aimed at making the profile page cleaner and simpler, giving users more control over their profile pages, and emphasizing recent and relevant information first.
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Yatra.com eyes Kuoni's travel management company HRG Sita
Travel portal Yatra.com is reportedly looking at buying Kuoni's travel management company HRG Sita which operates in the outbound holiday packages space. Travel firms Carlson Wagonlit and Thomas Cook are also said to be in the race for the company. HRG Sita could be valued at about Rs 1,000 crore
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Zapak to go for franchise model to set-up 300 Gameplexes across India
Online gaming company Zapak Digital Entertainment, which is a part of Reliance ADAG group, plans to increase the number of Zapak Gameplexes by introducing a franchise model in smaller towns and cities.
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Google allows third party ads on its content network
Google has decided to accept third party ads on its content network through certified vendors. Google Content Network is a large group of websites and other products, such as email programs and blogs, who have partnered with Google to display AdWords ads.
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Rediff posts 13% growth in revenues at $32.25 million for 2007-08
Rediff has reported a growth of 13 per cent in its revenues at $32.25 million for the fiscal year ended March 31, 2008, as compared to $28.68 million in the previous fiscal year. The company's net income, however, witnessed a decline from $6.99 million recorded for the March 2007 ended year to $5.03 million in the 2007-08 fiscal year. During the March 2008-ended year, Rediff earned an interest income of $5.51 million.
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Times Business to launch business networking site PeerPower.com
Times Business Solutions, which owns job portal TimesJobs.com, matrimony site SimplyMarry.com and real estate portal MagicBricks.com, is preparing to launch PeerPower.com, an invitation only exclusive business networking site that will seek to help senior executives profit from the network. PeerPower is expected to start inviting people to join the network in July or August 2008.
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Reliance Entertainment to launch BigMaps in 4 months
Reliance Entertainment, a part of Reliance ADA (Anil Dhirubhai Ambani) Group, is preparing to launch BigMaps.com, a mapping service that will allow users to look-up local information on a map from the desktop or mobile. BigMaps.com will also allow users to add content onto the maps. Reliance Entertainment Ventures, BigMaps will be launched in the next four months.
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Ezeego1.com launches Ticket Pe Ticket offer
Travel site Ezeego1.com has introduced a promotional scheme called Ticket Pe Ticket under which customers who book a SpiceJet ticket through the ezeego1 site would be entitled to get a second air ticket free. The offer is valid till 30th June 2008.
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Reliance Retail, Vishal Retail, Subhiksha to launch online shopping portals
Reliance Retail, RPG Cellcom, Tata Woolworths, Vishal Retail, Subhiksha and Spinach are planning to launch their online shopping portals. Investment is Rs 12 crore into this (online retailing) venture and expect 3-4 per cent of total business coming from online."
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Reliance invests in US-based social networking company Pelago
Reliance Technology Ventures Limited, the corporate venture capital arm of Reliance ADA (Anil Dhirubhai Ambani) Group, has invested an undisclosed amount in US-based Pelago. Pelago has developed Whrrl, a mobile and web-based service at the intersection of social networking and local discovery.
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Hanmer commissioned to promote Shobhaa De's book online
Hanmer MS&L, a unit of Publicis Group, has been commissioned to promote Shobhaa De's latest book Superstar India online. The book, published by Penguin Books India, is about India's sixty years of independence, and how, despite its failings, the country may still acquire a 'Superstar' status.
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MetroMela.com launches monthly magazine focused on Hyderabad city
MetroMela.com, a city-centric website that aims to help users find relevant local information, share reviews and get the 'best deals running in town', has launched a monthly magazine focused exclusively on Hyderabad city, its life and people.
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Jeevansathi.com opens retail outlet in New Delhi
Matrimonial site Jeevansathi.com, a part of Info Edge India (Naukri.com), has opened its first retail outlet Jeevansathi.com Match Point at Malviya Nagar in New Delhi. The company now plans to open its next retail outlets at Lajpat Nagar and Kamla Nagar in Delhi. In the next six months, 25-30 Jeevansathi.com Match Points are planned across India.
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CafeGadgets.in introduces 100% cash back offer
CafeGadgets.in, an online store for technology and digital lifestyle products, has introduced a 100 per cent cash back offer on all purchases made through the site till June 15, 2008.
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WebSight!-Spin the Web. Explore!
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Extramarks.com to offer its courses for students of regional education boards
Extramarks.com, which offers online academic support to students, is planning to introduce its services to students of regional examination boards. Currently, the company is offering its services to CBSE students following the NCERT curriculum.
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LaunchPad-Just Born Online (I just love the Betas!)
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Web18's new portal In.com offers news, email, music, video, games, travel, matrimony search
Web18 Software Services, the Internet arm of Network18 group, has launched In.com that allows users to read and rate news, listen to music, watch videos, play games and even search for flight and hotel deals as well as look for matrimonial partners and conduct product search.
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AOL India allows its email, IM users to send free SMS to mobile phones
AOL India has launched a new service that allows its users to send instant messages and SMSes for free to Indian mobile phones through AOL Mail or Messenger service. The new feature also enables the recipient mobile user to respond to those messages instantly. The service is currently supported by a number of telecom networks including Airtel, Vodafone, MTNL, Spice and Aircel.
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Info Edge (Naukri) to invest $5-10 million on Shiksha.com in 3 years
Info Edge India (Naukri.com) has launched Shiksha.com, an education portal that aims to connect education seeker with education provider. Shiksha.com is currently offering information for over 70,000 colleges, courses, scholarships and admission notifications. The company plans to invest $5- $10 million (approx Rs 20-40 crore) on Shiksha.com over the next three years.
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OurOwnBook.com lets users become co-author of a book
Dhruv Bhushan and Anubhav Jain, two alumni of IIM-Indore 2008 batch, have launched OurOwnBook.com, an online platform where anybody can add a sentence to a story line and get his name as the co-author of the book when it gets published.
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AskLaila.com introduces its services on mobile phones
Local search engine AskLaila.com has introduced its services on GPRS-enabled mobile phones as well as through SMS. The service is currently available to Vodafone and Reliance subscribers in Bangalore, Mumbai, Delhi and Chennai.
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Makaan.com enables users to list properties through SMS
Real estate portal Makaan.com has launched Makaan Mobile, a SMS-based application that lets users to list properties on the site and view responses on their mobile phones. Makaan Mobile has been developed by Mauj Mobile and is compatible with all GSM models.
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AOL launches its online video service in India
US-based Internet company AOL, a part of Time Warner, has launched its online video service in India, Canada and Taiwan. The company also plans to introduce local versions of its men's lifestyle site Asylum in India, UK, Australia, New Zealand and Italy.
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BIGFlix (BigFlicks) launches TV campaign 'Ab Aam Zindagi Ban Jaye Filmy'
BIGFlix (formerly known as BigFlicks) has launched a mass media campaign across India for its video rental business in the domestic market. To begin with, BIGFlix is using television to create awareness for the brand. Later, it plans to support its TV campaign by online, outdoor, radio and print campaigns.
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Tyroo launches Gaming channel for advertisers
Online ad network Tyroo Media has launched a Premium Gaming channel which includes inventory like Miniclip.com, UltimateArcade.com and Cheatcodes.com and targets an age-group of 13-25 years having high speed broadband connections and good spending power.
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Microsoft offers cashback to users of Live Search
Microsoft has launched a Live Search cashback program that offers cashback to users when they purchase products from cashback listings on MSN Live Search.
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Cleartrip.com launches Cleartrip Videos offering 1,000 travel videos
Online travel portal Cleartrip.com has launched Cleartrip Videos that offers about 1,000 travel videos that were submitted by amateur film makers during the Short Flicks Festival sponsored by Cleartrip in 2007.
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Kingfisher launches online contest to select Face of Kingfisher
Kingfisher, the flagship brand of United Breweries Group, has launched an online contest to select the Face of Kingfisher. Winners of the contest will be awarded redeemable points for travelling, access to Kingfisher events, Kingfisher avenues and will also be featured on the Kingfisher website.
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Nexus-Link.Un.Link
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RedBus allows users to book bus tickets on GPRS-enabled mobile phone
Online bus ticketing company RedBus.in has partnered with JiGrahak Mobility Solutions to enable its users book bus tickets through GPRS-enabled mobile phones. The service will be powered by JiGrahak's ngpay technology.
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Rohan Deshpande joins Hungama as Associate Director, Wireless Technology
Hungama Mobile, a leading digital entertainment company, has appointed Rohan Deshpande as associate director, wireless technology. Prior to joining Hungama, Rohan Deshpande was program manager, Asia at Airwide Solutions. In his new role, Deshpande will be responsible for creating and executing the technology roadmap at Hungama.
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Ask.com acquires Dictionary.com, Thesaurus.com
Ask.com, an Internet search company, has acquired Lexico, owner of Dictionary.com, Thesaurus.com and Reference.com, in an all-cash transaction. Ask.com has not disclosed how much it paid for Lexico, but the figure is believed to be around $100 million.
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Cable-TV company Comcast buys social networking site Plaxo
US-based cable-TV company Comcast has agreed to acquire social networking site Plaxo. Terms were not disclosed, although reports suggest that the price could be up to $175 million, based on performance targets over the next few years.
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ezeego1.com ties-up with redBus to offer bus tickets to its users
Travel portal ezeego1.com has partnered with online bus ticketing company redBus.in to offer bus ticket booking facilities to its users on a real-time basis.
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Educomp acquires majority stake in Learning.com for $24.5 million
Educomp Solutions has acquired 51 per cent stake in US-based eLearning company, Learning.com for $24.5 million. Following the investment, Learning.com and Educomp together hope to bring Educomp's services to schools in US, as well as bring Learning.com's products to users in India and South-East Asia.
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BharatMatrimony ties-up with Metropolis Heath Services to promote healthier marriages
Matrimony portal BharatMatrimony.com has partnered with Metropolis Heath Services to enable its users avail pre-marital health check up at special prices and also upload the certificate as part of their profile. Such profiles will be highlighted as Health Profiles on the BharatMatrimony site.
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Mohit Gupta joins MakeMyTrip as chief marketing officer
Online travel company MakeMyTrip.com has appointed Mohit Gupta as its new chief marketing officer. Prior to joining MakeMyTrip, Mohit Gupta was vice president, marketing (flavours) at PepsiCo International - India Beverages.
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SnapFish acquires MeraSnap to increase its customer-base by 50%
SnapFish, owned by US-based printer leader Hewlett Packard, has acquired the customers of Bangalore-based online photo prints ordering service MeraSnap. The value of the deal has not been disclosed.
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Cleartrip partners with STAR India's mobile service PLUS
Online travel company Cleartrip.com has partnered with STAR India's Mobile Entertainment division to enable users of STAR's mobile service PLUS get real-time access to travel-related information on their mobile devices.
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Yahoo, WPP join hands to provide advertisers access to more websites
UK-based advertising company WPP Group has partnered with Yahoo to enable its agencies including GroupM and 24/7 Real Media to buy digital display advertising across Yahoo's online properties, its affiliated networks and 24/7's Global Web Alliance.
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UTV acquires 76% stake in IT Nation for Rs 15 crore
UTV New Media, the digital media arm of UTV Software Communications, has acquired 76 per cent stake in IT Nation for Rs 15 crore. ITNation owns a number of websites including Techtree.com, Cxotoday.com, Enterpriser.in, ChannelTimes.com and 360magazine.com.
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Google India appoints business heads for AdWords
Google India has appointed Sridhar Seshadri, Parminder Singh and Narasimha Jayakumar as business heads for Financial Services, Technology, and Travel & Local respectively for its AdWords advertising platform. While Sridhar Seshadri comes from ICICI Bank, Parminder Singh and Narasimha Jayakumar have worked with IBM and Expedia respectively.
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MensXpert.com hosts content from Infomedia's magazines Chip, T3
MensXpert.com, a lifestyle portal for Indian men, has partnered with Infomedia to host some of the content from Infomedia's magazines Chip and T3 on its site. MensXpert is also planning to enter into similar tie-ups with some of the other major publications relevant to Indian men.
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Indiagames launches online game based on Kya Aap Paanchvi Pass Se Tez Hain
Indiagames has partnered with Star Plus to launch Are you Smarter than a 5th Grader, an online game based on the TV quiz show Kya Aap Paanchvi Pass Se Tez Hain. The quiz show, which is currently on air on Star Plus, will also be extended to mobile and DTH platform.
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Dentsu, Connecturf jointly set up Internet advertising company Clickstreamers
Bangalore-based Dentsu Communications, which is a subsidiary of Japan-based advertising company Dentsu, has partnered with Mumbai-based interactive marketing company Connecturf to set-up an Internet advertising company, Clickstreamers India.
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That's all for now folks!
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Makkad-G
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