News Roundup : Voice Video Chat in Orkut, KPCB Sells InfoEdge Stake [and more]

Table of Contents Hide Orkut Brings Voice/Video Chat to ProminenceWeb18 sells its entire stake in IndiaKPCB Exits from InfoEdgeRCOM reaches 100 million mark Orkut Brings Voice/Video Chat to Prominence…

Orkut Brings Voice/Video Chat to Prominence

In a bid to ‘connect’ more people, Orkut has announced a new placement for voice/video chat – on top of the chat window.

If you already have a webcam and a microphone, you’ll just need to download a small plugin for video chat, available for free at
With the plugin installed and your camera enabled, your friends will see a small green camera icon  next to your name in their chat lists. Then, to start a voice or video chat, simply click either the voice or video icon in the toolbar and talk away to your heart’s content – all for free via orkut. – source

Read: Facebook Beats Orkut in India [Search Trends]

Web18 sells its entire stake in India

Television Eighteen India has announced that Web18 has entered into an agreement to sell all its shares in India to, Singapore on the basis of the net tangible assets value of India.

Such sale will result in non-operating exceptional expense arising out of disposal of long term investment of approx. Rs 25 million in the financials of Web18 for quarter ending Mar. 31, 2010. – source

KPCB Exits from InfoEdge

Ram Shriram and Kleiner, Perkins, Caufield & Byers have sold their entire 4.08 per cent stake in Info Edge (the owners of popular job site for about Rs 86 crore via a open market transaction on Friday.

As per bulk deal data on the NSE, Sherpalo sold 5,57,913 shares for Rs 876.33 a share, while Murgan Capital had sold 4,22,410 for Rs 876.30 a share, thereby pocketing about Rs 86 crore.
After the sale, Murgan Capital’s stake comes down to less than 1 per cent. Going by the deal, Shriram and Kleiner have made a profit of Rs 61 crore on their investment.- source

RCOM reaches 100 million mark

Reliance Communications has announced that the company has crossed 100 million subscribers, making it the second company after Airtel to achieve the feat.

Interestingly, Bharti took 14 years to achieve 100 million mark, while Reliance took just 7 years.

Recommended Read: Reliance NetConnect Review – Wrong Billing Hurts

» More @India News Channel

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