Broadband and Internet India

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Wednesday, November 01, 2006
Indian Internet Companies Counting Cash.

Much in line with the global B2C boom, Indian Internet companies are seeing positive cash flows as well. Television Eighteen India Limited's subsidiary, reported an income of Rs53.16 million from internet and software operations for the quarter ending Sept-30-2006.

Its not just TV-18, Info Edge India Ltd which is going for an IPO had Q1 earnings of Rs 840 Million. Other online ventures like Shaadi and Bharatmatrimony are also busy counting cash at the end of the day :-)

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Published on Wednesday, November 01, 2006 at 9:06 AM    
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