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FB-backed Indian commerce platform Meesho raises $570 mn

Meesho, an Indian "social commerce" platform backed by Facebook Inc. and SoftBank Group, said on Thursday it had raised $570 million in a funding round led by Fidelity Managemen...

FB invests $50mn to build ‘metaverse’ in responsible manner

Facebook Inc. has said it will invest $50 million to partner with organizations to responsibly build the so-called ‘metaverse’ --- a digital world where people can use different devices to move and communicate in a virtual environment. The social media gi...

Facebook puts Instagram for kids on hold after pushback

Instagram is putting a hold on the development of Instagram kids, geared towards children under 13, so it can address concerns about the vulnerability of younger users.

Adam Mosseri, the head of In...

FB clarifies on news feed moderation & how’s it done

Facebook Inc. on Thursday said it reduces the distribution of certain content, including clickbait, posts with "sensationalist" or exaggerated health claims or low-quality videos on its news feed, and outlined its conten...

FB Oversight Board seeks more clarity on high-profile users

Facebook Inc.'s independent Oversight Board has asked the social networking giant to provide clarity on the system it uses to review content decisions relating to some high-profile users.

The board's inquiry follows a Wall Street Journal<...

FB rolling out new business chat features

Facebook Inc. is rolling out new ways for businesses to find and chat with potential customers on its apps, the social media company has said, as it seeks to become an online shopping destination.

The new features will help Facebook, already a...

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EXCLUSIVE PHOTOS

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!