BS Reporter
BS Reporter
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Top three telcos have 61% market share
Airtel, which continued to be the market leader, consolidated its position further with market share at 24.7% as of the reported period
 "Top three telcos have 61% market share")
Google India VP invests in education startup Stoodnt
The funds will be used to enhance the user experience, for product development and to expand the user and brand base
 "Google India VP invests in education startup Stoodnt")
Hyderabad-based MosChip acquires three firms
The semiconductor design service company will raise Rs 41 cr in order to fund acquisition of elitePLUS Semiconductor Technologies, Orange Semiconductors and Maven Systems
 "Hyderabad-based MosChip acquires three firms")
LensPick raises funds to expand online presence
US-based Scadea Solutions has picked a 10% in the firm, at a valuation of $5 million
 "LensPick raises funds to expand online presence")
Tax collections up 23% in first five months of FY17
The growth was quite higher than 11.73 per cent targeted in the Budget for the entire 2016-17
 "Tax collections up 23% in first five months of FY17")
Jio, BSNL sign roaming pact
BSNL already has similar pacts with Vodafone and Aircel
 "Jio, BSNL sign roaming pact")
Idea releases more PoIs to Jio
The telco said Jio had 2.97 million unique subscribers who terminated calls on the Idea network
 "Idea releases more PoIs to Jio")
NLC India net profit down by 37 per cent
Income grew marginally to Rs 1974.10 crore during the quarter ended June 30, 2016
 "NLC India net profit down by 37 per cent")
 "L&T Tech subscribed 18% on Day One")
Prudential to cut stake in ICICI insurance biz to 20%
ICICI Bank will bring down its stake in ICICI Prudential Life Insurance to 54% (down from 67.52% as of Sep 7) over three years
 "Prudential to cut stake in ICICI insurance biz to 20%")
L&T Infotech names Sudhir Chaturvedi as President-Sales
Chaturvedi has had previous stints at NIIT Technologies and Infosys
 "L&T Infotech names Sudhir Chaturvedi as President-Sales")
BankBazaar.com launches multi-brand paperless platform for instant loans
Currently, the service is available for personal loans and car loans
 "BankBazaar.com launches multi-brand paperless platform for instant loans")
Google withdraws application for social network-related patent
After Google abandoned its application, the Patent Office refused the same on grounds of outstanding objections
 "Google withdraws application for social network-related patent")
New Nepal PM to visit India
Nepal's Deputy Prime Minister Bimalendra Nidhi, who was on a visit to India as Prachanda's special envoy, had discussed the visit with Indian
Online hiring in banking and finance registers 30 per cent Y-o-Y growth
The education sector continues to chart a long-term growth owing to special impetus by the government since Budget 2016
 "Online hiring in banking and finance registers 30 per cent Y-o-Y growth")
Growth of digital assistants to generate revenue opportunities
Juniper forecasts that rapidly growing medium will generate over $12 billion of advertising spend per annum by 2021
 "Growth of digital assistants to generate revenue opportunities")
Wearable market clocks over 40% sequential growth in Q2 2016
The market is highly dominated by sub-$50 category offerings which commands over 83 per cent share of the wearable market
 "Wearable market clocks over 40% sequential growth in Q2 2016")
Zonnett plans to raise $3-5 million
Former Zee Group CEO and his friend founded start-up to expand its service to 6 more cities
 "Zonnett plans to raise $3-5 million")
Sri City invites housing projects
The integrated business park spread over 7,000 acres has estimated potential of 50,000 housing units
 "Sri City invites housing projects")