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After being termed as “One of the most innovative companies in India in 2007”, by Microsoft, the Hyderabad based NetXcell has announced that it will be raising around $ 3 million through private equity. The fund will be used to expand its sales in India and the US, besides its product portfolio, reports BusinessStandard.
The company makes Value Added Service (VAS) products for mobile phones.

In the past few weeks we have been generating a lot of discussion on Facebook, its valuation ($15 billion), why Microsoft has probably paid such a huge sum to acquire a minority stake, et al. Here are a few developments at Facebook  that would excite investors and social media enthusiasts alike.  Facebook tries to be [...]