Weekly Wrap-up: Telecom Intra-Circle Pacts, Internet Price Rise & More…
Here is a quick Wrap-up of the posts we published on Trak.in last week.
As per ICRIER report, the current market of mobile apps in India is to the tune of Rs 900 crore or $150 million, and is expected to expand 4 fold in next 2 years, to become Rs 3800 crore by 2016.
OnDot has recently released its app Card Control which allows credit and Debit card users to switch their cards On and Off their cards among other things like setting up payment thresholds, restricting transactions to geographical locations or merchants etc.
As per a recent report by the Ministry of Corporate Affairs, almost 100,000 new companies were registered in India last year! Never before in the Indian history, has such entrepreneurial fever been witnessed.
To add to previously launched In-A-Day shipping, Flipkart has now launched Same Day Guaranteed shipping that will help customers get their orders delivered on the same day at a cost.
Reliance Communication, Aircel and Tata Teleservices have joined hands to sign a Tripartite agreement that will help all of them offer 3G services Pan India. They are currently the fourth, sixth and seventh largest telecom providers in India. Reliance has 117 million, Aircel has 69 million and Tata has 63 million subscribers as of February 2014.
John Case, Corporate Vice President, Microsoft Office Division wrote a blog post on Office blog titled “Thinking outside the box” where he took a jab at other cloud storage providers. Without naming the competition, he mentioned that that businesses around the world should buy all-in-one product from Microsoft rather than buying technology “piecemeal” from multiple sellers (obviously hinting at Dropbox, box and others).
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has cleared the 3G intra-circle roaming pacts that were signed between Bharti Airtel, Vodafone and Idea Cellular last year. The TDSAT said that these pacts did not violate any license conditions.
Travel and tourism is seeing a major growth in India and tech startups are showing great interests in this sector lately. 36hrs is a new breed of travel site that helps travellers create itineraries for travel locations and tourist attractions you visit.
In a recent announcement of strategic partnership, it has been revealed that Gopaisa will now offer cashback facility on all Flipkart purchases as well. As per the press release, Gopaisa.com would be the only cashback service for Flipkart purchases!
Bangalore based Foradian Technologies today announced that they have raised USD 2 million funding from Mr. William Bissell, MD, Fabindia. Foradian offers enterprise software solutions to the education Industry.
HP seems to be on the verge of launching Slatebook 14, a fully Android based laptop. A leaked video of the upcoming notebook (spotted by an Italian Publication and deleted now) showed a 14” laptop with black and yellow color scheme.
Here is a video that shows how Americans are looking at this Indian election (albeit in humorous way). British Comedian, John Oliver who now has his own new weekly talk show called “Last Week Tonight With John Oliver,”, which is aired on HBO every Sunday night at 11.
The report published by The Information, and subsequently by most of the leading online media sites state that Google does have “Android Silver” program in the works and is expected to announce shortly.
The Enforcement Directorate has prima-facie evidence that Flipkart has flouted Foreign Investment rules and has allegedly breached FEMA (Foreign Exchange Management Act) guidelines. They are planning send a show cause notice alleging this violation in tune of Rs. 1400 crores
Sluggish economy has taken its toll on second rung B-Schools across India. According to a Assocham survey, only 18 percent of MBA students have been able to get jobs at the end of their 2 years course in 2014.
There is some bad news for Indian Internet users. TRAI has suggested a new 8% licensing fee which may cause the existing internet charges to increase by 30%.
The seed stage startup, AppVirality was co-founded by Laxman and Ramakoteswar Rao Papineni who have also cofounded an incentive based blogging startup. It has been handpicked for the Startup Asia Singapore 2014 to compete against nine more startups from Asian countries