News Roundup: Vodafone Launches Bubbly Messaging Service

Vodafone Launches Bubble Motion’s Bubbly Social Messaging Service

Bubble Motion is announcing further expansion throughout India with the launch of its market-leading Bubbly social messaging service on Vodafone India — bringing India’s hottest social communications phenomenon to the operator’s 130 million subscribers.

Sometimes described as a ‘voice-based Twitter’, the Bubbly social messaging service enables celebrities and everyday people to share status updates in their own voice with fans and followers through any mobile phone, without having to download an application. The service is now available across India on Vodafone India’s mobile networks. ‘Bubblers’ just dial *7* on their Vodafone handset, record their voice update, and instantly their followers everywhere are notified by SMS and prompted to click and listen. It’s free to start bubbling, and free to follow friends and family.[source]

ED probing Bharti Airtel for suspected forex rule violation

The agency has initiated enquiries about “suspected contraventions of the provisions of the Foreign Exchange Management Act (Fema) by Bharti Airtel,” Namo Narain Meena, minister of state for finance, told Rajya Sabha on Tuesday.[source]

NIIT Tech buys Spanish firm for $7 m

NIIT Technologies has acquired Spainish software services firm Proyecta Sistemas de Informacion SA for $7 million. The acquisition enables NIIT Technologies to enhance its European footprint with Proyecta’s experience in travel and financial services segments.[source]

Datamatics buys 72% in Cignex for Rs 120 cr

Outsourcing company Datamatics Global Solutions has acquired a 72 per cent stake in Cignex Global Holding Corporation, a provider of open source and SAP Connect solutions, for Rs 120 crore.[source]

Housewives to peddle Reliance retail wares

Reliance Retail has begun door-to-door direct selling through housewives and housing societies to boost sales of its private brands such as Sudz detergent, Amara soaps and Healthy Life food items.
Its subsidiary Reliance Home Products has launched a ‘Home Club’ initiative on a pilot basis to sell products at consumers’ doorsteps at 30% discounts through members-primarily housewives-who will earn 10% of their sales amount as commission.[source]

Rs 630cr DLF penalty

The Competition Commission of India (CCI) today slapped a Rs 630-crore penalty on real estate giant DLF for trampling on the rights of apartment allottees ‘ the single-largest amount slapped by any regulatory watchdog in the country.

DLF has been accused of ripping off those who bought into Belaire ‘ a tony, high-rise condominium in Gurgaon. The company has been charged with unilaterally changing the scope of the project midway, raising money from clients without statutory approvals and denying customers the right to equitable compensation while slipping on delivery schedules.[source]