1. Urban Ladder may
raise Rs 310 crore
Online furniture store Urban
Ladder is in talks with Sequoia Capital, existing investors Steadview Capital,
SAIF Partners and Kalaari Capital to raise more than $50 million (Rs 310 crore)
at a valuation of about $150 million, according to two investors directly
involved in discussions.
2. DoT to provide
internet via MSOs, cable operators
Aiming to increase broadband penetration in smaller
cities, the DoT is planning to use Multiple System Operators and cable
operators to provide broadband connectivity.
3. Trai may pull up
Airtel, Vodafone, Idea in ISD calling card case
Telecom regulator TRAI is believed to be
considering issuing show-cause notice to Airtel, Vodafone and Idea Cellular for
not signing agreements with companies interested in providing international calling
card services directly to consumers.
4. Sistema to bid
despite steep spectrum price
Sistema Shyam, the only CDMA operator in India,
says the starting price for the 800MHz bandwidth in the upcoming auction is
steep and it has no choice but to bid for it as the base price may only get
pushed up later because the spectrum can also be used to offer 4G services.
5. DoT weighs legal
option to keep auction on track
The telecom department is considering all options
available to it, including approaching the Supreme Court, to pre-empt any
telecom operator from stalling the auction of airwaves that is due to begin on
March 4.
6. Snapdeal may acquire
designer apparel site Exclusively.in
Snapdeal.com may be set to acquire Exclusively.in,
a site that sells designer brands, as one of the country's largest online
retailers looks to strengthen its fashion business to take on rivals
Flipkart-owned Myntra and Jabong amid a consolidation drive.
7. Canon, Nikon, Sony
get show cause notice from DRI
The Directorate of Revenue Intelligence (DRI) has
issued show cause notices to leading camera makers Sony, Canon and Nikon for
'artificially' restricting memory of high-end digital cameras to avail zero
duty benefit meant for low-end equipment.
8. Trai's paper on
Viber, Skype likely by end of month
Sectoral regulator Trai is likely to come up with a
consultation paper on over-the-top (OTT) players like Skype, Viber and Line by
the end of this month seeking comments on issues such as bringing them under a
licencing regime, revenue sharing and net neutrality.
9. Infosys to acquire
Panaya for $200 million
Infosys is acquiring US-based
automation technology company Panaya for an enterprise value of $200 million.
This is the IT major's second largest acquisition after it bought Zurich-based
consulting firm Lodestone for $350 million in September 2012.
Gopinath T B,
CEO, Meteora Gaming
www.meteoragaming.com
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