- WPP Digital has acquired 75 percent stake in Quasar Media, a subsidiary of the Smile Interactive Technology Group. Quasar provides services in digital media, creative, search marketing and optimization, mobile marketing, among others, and services clients like MakeMyTrip, Monster, Microsoft, Motorola, LG, Zapak and VISA. It was founded in 2005 and has offices in Mumbai and Bangalore. Quasar, which employs 73 people, reported revenues for the year ended March 31, 2007: Rs 103.6 million with gross assets at the same date of Rs 149.5 million.
- ETV Networks, which operates 12 TV channels has launched ETVNetmart.com to allow media planners, advertisers and agencies to bid and buy advertising spots, reports exchange4media.
- Indiagames will be the exclusive distributor in India for content from NASDAQ listed game developer Glu Mobile. This includes games, ringtones, wallpapers related to Age of Empires III Mobile, Brian Lara’s Cricket 2008, Kasparov Chess, Looney Tunes, Zuma, Atari Legends 3, Pong, Asteroids Deluxe,
- Sanjeev Bikhchandani, founder and CEO of Info Edge India (Naukri.com), has been included in the list of 20 finalists for the ninth Ernst & Young Entrepreneur of the Year Awards 2007.
- WPP world’s second-largest advertising and marketing services firm which operates in more than 100 countries, is reportedly acquiring Delhi-based interactive agency Quasar Media.
- LiveMint the website for HT Media’s business paper Mint, has launched MarketInfo, a business information segment that provides Company Information, details on performance of Mutual Funds, Stock Markets, live domestic and international market information, results, corporate announcements.
- India has about 159.7 million GSM-based mobile subscribers at the end of October, according to figures released by the Cellular Operators Association of India (COAI) yesterday.
- Bharti Airtel changes the name of its broadband and telephone services unit to Telemedia Services as it gears to launch internet television and DTH operations.
