Nokia (NYSE: NOK) Growth Partners, an investment fund owned by Finnish mobile handset maker Nokia Oyj, has invested $10 million (Rs48 crore) in Web18 Holdings, the Internet arm of Television Eighteen India Ltd. TV18, part of the Network18 Group, is the sole shareholder in Web18. Other details of the deal…

Television Eighteen India Ltd has posted a consolidated net loss of Rs40.6 crore, more than four times from the net loss of Rs9 crore during the corresponding quarter last fiscal on higher expenditure. Revenues in the flagship news operations fell 24% to Rs56.8 crore. Total expenditure grew 41% to Rs103.5…

Thirty four-year-old Rishi Khiani, who sold his Urban Eye Media to Network18 Media and Investments Ltd in 2006, has stepped down as chief operating officer at Web18. The Internet arm of Network18 has another COO in Joyson Thomas. “Rishi has decided to move on after completing his three-year contract. He…

Web18’s chief technology officer Varun Singh has confirmed what we reported last week. “I have put in my papers at Web18 and i’m leaving to start my own company,” Singh said. Singh, 27, has set up ScalArc Inc., a Delaware, US-incorporated consulting firm that will help web companies optimize infrastructure…

Varun Singh, the CTO of Web18, is leaving the company, a source tells us. When we called Singh, he said only: “I haven’t put in my papers yet.” The source tells us that Singh is leaving to start his own company. This is a significant development for the company, which…

Network18 Media and Investments Ltd, the diversified media conglomerate with interests in print, broadcasting, films and Internet, just announced in a filing to the Bombay Stock Exchange that it has confidentially filed a draft registration statement with the US Securities and Exchanges Commission for an initial public offering of American…

Web18 revenues were up 41% from Rs 9.3 crores to Rs 13.1 crores year-on-year. However, operating loss reported was Rs 5.6 crores, up 58% from Rs 2.3 crores in the same quarter last year.  Haresh Chawla, CEO, Network18, states they have planned a ‘big launch’ for In.com and intend to…

In.com has come out of a limited beta and is now open to public. Changes include a more comprehensive homepage, additions of more games and tie up with more labels. I didn’t have a chance to check the email as I wanted to take a look at the terms and…

Update: The robots.txt files have been updated, and crawlers are now being allowed. Update: Mohit Hira, Director of Marketing at Indiatimes, informs us that the company was in the midst of maintenance and upgrades, which required them to temporarily block all crawlers until today. These crawlers will be reinstated in…

While some have been saying that the horizontal portal is waning in influence, Web18, the internet company from the Network18 group is set to open its so-called-horizontal portal In.com for beta testing. I met Rishi Khiani (COO, Web18) and Varun Singh, (CTO, Web18) yesterday for a sneak peek at In.com.…

Kolkata Knight Riders has tied up with Contests2win.com for its website, Kolkataknightriders.com. According to the release, 6 contests are currently live and another 5 are in the pipeline. I tried out Hangman, and failed on all counts. Definitely not an KKR expert. The games will be plugged into a loyalty…

Web18, the Internet and Mobile company from the Network18 group has reorganization its operations into two separate groups: Financial and Content verticals, contentSutra has learned from sources. Rishi Khiani, who had joined Web18 when his company UrbanEye Media was acquired by the Network18 group, has been appointed the Chief Operating…

Web18, the Internet and Mobile company of the Network18 group, has reported an operating loss of Rs. 28.8 crores for the financial year 2007-08 (FY08), up Rs. 7.99 crores for FY07. The company appears to be in investment mode, and this is evident from a massive increase in operating expenses…

Web18, the online and mobile company from the Network18 group has bought the domain name In.com, contentSutra has learned from multiple sources. At present, while www.in.com remains cloaked, domains like xyz.in.com redirect to another Network18 portal - Tech2.com. The domain registration information is currently cloaked as well, though the IP…

IBNlive, the website for TV channel CNN-IBN, appears to have taken to Citizen Journalism in a big way. The site, which earlier allowed their own journalists and a select few to blog, has recently set up the CNN-IBN Forum for Students (CFS). CFS appears to be a controlled launch -…

[By Cerius Shah The enterprise technology sub-brand of Web 18, Biztech2, has launched Biztech2tv. The site already had a text version of the tech B2B industry, including case studies, whitepapers and news. According to this E4M article, they plan to sell business technology insights through the site. Although I am…

Web18, the Internet and mobile company of the Network18 group is looking to dilute 10-15 percent equity, reports Indiantelevision.com, quoting a source. The company is planning to file for the ADR (American Depositary Receipt) within two months. Details of Web18’s probable plans here. We have contacted Network18 Group CEO Haresh…

Web18, the Internet and Mobile company of the Network18 group, has reported an operating loss of Rs. 7.189 crores for third quarter of 2007 (Q3-07), ending December 31st, compared to an operating profit of Rs. 2.11 crores for the same quarter last year. The losses are primarily due to a…

Network18 now has two competing e-commerce businesses in the online retail space. Web18, the Internet and Mobile company of the Network18 group, has launched Storeguru.com, while the group already has an established home shopping company - Homeshop18. HomeShop18 is a much bigger play - there are shows on TV, and…