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Reliance Jio To Partner With Saavn

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Reliance Jio To Partner With Saavn,Startup Stories,2018 Latest Business News,Startup News India,Reliance signs deal to merge JioMusic with Saavn,Reliance Jio And Saavn to create $1 billion digital music platform,Jio Music Integrates With Saavn Partnership Worth $1 Billion,Reliance Jio and Saavn announce strategic merger to build largest streaming service in the world,JioMusic & Saavn to merge Reliance Industries to invest $100 million more

Mukesh Ambani led Reliance Industries Ltd. on Friday announced an integration with the leading music app, Saavn for its digital music service, JioMusic. This partnership was made in an attempt to increase Reliance’s global music platform.

Once this collaboration goes through, the combined valuation of will stand at over $ 1 billion, with JioMusic’s implied valuation standing at $ 670 million. In order to get this deal written in stone, Reliance Industries will have to make an individual investment of $ 100 million.

Out of the $ 100 million, a rupee equivalent of $ 20 million will be invested upfront. With this investment, Reliance plans on fostering the growth and expansion of the platform into one of the largest streaming services in the world. This move comes at a crucial point when audiophilles are warming up to a palette of streaming options in the country including Gaana.com, Wynk, Saavn, Apple Music, Google Play and now even Amazon Prime Music.

Since 2015, the number of music streamers in India have more than tripled and according to the current numbers, the valuation stands at $ 87.6 million. With higher smartphone penetration and faster internet triggered by Reliance Jio itself, the online audience is only expected to grow further. Reliance is also planning on acquiring a partial stake from existing shareholders worth $ 104 million of Saavn.

The shareholders include Tiger Global Management, Liberty Media and Bertelsmann. The company will continue to operate the over the top media platform available on all the app stores. By combining entities, Reliance plans on increasing the original content, developing a media platform of global reach and creating an original marketplace. Further, it also aims at becoming one of the largest digital marketing platforms.

“Saavn has been at the forefront of the digital music revolution in India. Our partnership with Reliance reinforces our commitment to the growth of our label partners, the independent artist ecosystem and the overall music industry globally,” said Singh, executive vice chairman of Saavn. The deal is expected to conclude as soon as the details get finalised.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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MapmyIndia Sees 28% Surge in Q4 Profit, Hits INR 49 Cr

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MapmyIndia reported a strong fourth quarter for FY25, with consolidated net profit rising 28% year-on-year to INR 49 crore, up from INR 38.3 crore in Q4 FY24. Revenue from operations jumped 34% to INR 143.6 crore, while total income climbed 40% to INR 166.8 crore. EBITDA surged 47% to INR 58 crore, and the EBITDA margin expanded to 40% from 37% a year ago.

The Consumer Technology & Enterprise Digital Transformation (C&E) segment led growth, with revenue up 60% to INR 88.1 crore, while the Automotive & Mobility Technology (A&M) segment rose 7% to INR 55.4 crore. The company’s map-led business maintained strong EBITDA margins at 47%, and IoT-led margins improved to 14% in FY25 from 12% last year, reflecting a shift toward SaaS revenue.

For the full year, net profit increased 10% to INR 147.6 crore, and operating revenue grew 22% to INR 463.3 crore. The order book at year-end stood at INR 1,500 crore, up 10% year-on-year, supporting the company’s target to surpass INR 1,000 crore in revenue by FY28.

MapmyIndia also announced the renaming of its subsidiary Vidteq to Mappls DT, focusing on digital transformation and defence tech, led by former CEO Rohan Verma. The company declared a final dividend of INR 3.50 per share for FY25, and its shares closed 1.54% higher following the results.

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