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Weekly Wrap-up: Amazon Prime, Ola Lux, OnePlus 3, BharatVani & More…

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It’s Monday morning and time to do a quick wrap-up of posts published on trak.in last week,  before we move forward. If you were offline for any reason, this is a great way to catch up with all the Tech buzz happened last week.

Weekly Wrap-up: Ola Corporate, BookMyShow Financials, Paytm Sound Pay & More…

TinyOwl, once a fastest growing food-delivery startups in India, seems to have met some rough weather. They have discontinued taking food orders in all the cities, except for Mumbai, specifically South Mumbai only.

The Centre for Development of Advanced Computing, which made India proud by developing India’s first supercomputer PARAM has been  assigned the responsibility to create and build Make in India supercomputer under National Supercomputing Mission.

Jabong is going to stop selling some low margin brands online and focus more on premium lifestyle products. The low margin brands include nearly 75% of its private labels, and the focus now will be on 200-300 top selling profitable brands.

Tiens Group, a Chinese multinational conglomerate plans to not only have a online marketplace, but also plans to expand its direct selling business in the country reports PTI.

Who wouldn’t love to own a Moto Razr phone again in this age of large-screened smartphones? Lenovo has teased a possible relaunch of the clamshell phone Moto Razr at Lenovo Tech World to be held on 9th June 2016.

The rise of new technologies has further allowed audiences to opt out of ads from cable networks to DVRs and then the Internet. This audience, which has evolved to circumvent ads, is called the ‘skip generation’.

OnePlus is ready to unveil it’s latest flagship – OnePlus 3 – and just like OnePlus 2, the OnePlus 3 will also be launched through Virtual Reality live streaming. The company has also announced launch of Virtual Reality Headset called OnePlus Loop.

In 2015-2016, Samsung finally left Apple behind to capture a Premium phone market share of nearly 47%. The premium phone category comprises of smartphones above the price of Rs. 30,000, which is Apple’s most important segment.

A new app called Meucci is attempting to disrupt telecom industry worldwide. Besides offering free international and local calls, Meucci has a distinct feature which allows its users to make calls at the rate of local calls tariff.

Soon to be a billion dollar enterprise, Patanjali Ayurved has now set its target on the booming online health consultation space; and as per reports emerging, they will soon launch an app for Ayurveda consultation, targeted for worldwide audience.

Amazon India, in February of this year stopped providing refunds on Mobile phone purchases. They have now extended this rule on other electronics products as well. As per the updated returns policy page, all tablets, laptops, desktops, monitors, cameras and camera lenses will only be eligible for replacements.

Amazon is planning to bring its supreme ‘Prime’ services in India, just after completion of 3 years of operations in the country. Amazon’s Prime service has been very well received in the United States, the United Kingdom, Japan and some west European countries.

Reliance has silently launched the cheapest smartphones in its LYF series, Flame 3 and Flame 4, adding to the existing portfolio of Flame 1 and Flame 2 smartphones. Reliance will be launching LYF smartphones under the Flame, Earth, Water and Wind series.

Under ‘Digital India’ mission, Indian Government has created nation’s first and largest multilingual dictionary, access to which is completely online. Named as BharatVani.in, this dictionary can right now translate words from 22 different languages, and is and in the coming days, Government aims to add 100 more languages into the platform.

Ola Lux category will offer luxury sedans like Jaguar, Mercedes, Audi, BMW, Toyota Fortuner, Honda Accord amongst other high-end sedans and SUVs, on-demand on the exiting Ola mobile app.

Now passengers with unconfirmed train tickets on Rajdhani can actually upgrade to a flight ticket with Air India by paying nothing or a little extra, depending on the train seats booked.

Government is getting serious when it comes to digital advertisements, as they have formed guidelines so that only the best and high traffic websites gets Govt. ads.

The pollution in Delhi-NCR is terrifying and the Government took some steps to curb it, but a mere 15-day policy cannot alter the damage done for the past 15+ years. Taking small steps to ease the residents off of pollution, the Delhi Government has released an official statement for allowing app-based premium bus services to operate in Delhi.

When RBI approved payments bank licenses for 11 entities last August, it was widely hailed as the arrival of new and agile era of banking. However, since then, the euphoria seems to have given way to pessimism – so much so, that 3 players have dropped out of Payments bank race. The latest one being Indian IT firm Tech Mahindra.

Tim Cook’s visit has failed to impress Indian regulatory authorities as Apple has been denied any relaxation pertaining to their single brand outreach plans in India. Hence, like other international brands, Apple too will have to obey 30% local sourcing norms, in case they wish to open their own outlets in the country.

IIM-A has locked horns with Flipkart over delay in campus placements; The relation between India’s premier educational institutions like IIT, IIM and ecommerce startups have always been dicey. After Zomato was blacklisted by 6 IITs over their campus placement policies, its the turn of Flipkart to get some bad karma over their hiring policies.

Bootstrapped. The term, its implications, pros and cons…are something I’ve come to understand quite well in the months following my foray into the start up world. Here are 5 things that I’ve learnt while operating a bootstrapped start up

Uber, San Francisco-based cab aggregator, has signed a Memorandum of Understanding with Bengaluru Kempegowda International Airport which allows Uber to keep a designated parking space for its cabs and a pick up area named ‘U Zone’ for its riders.

According to BSA Global Software survey, use of Pirated software has come down in India to 58% percent. It is still very high, but in relative terms, it has come down drastically from what it was 10-15 years back.

In one of the largest terminations ever recorded in human history, iPhone manufacturer Foxconn has decided to fire 60,000 employees in one single go as they will be replaced by Robots. Earlier this factory based out of Kunshan in Jiangsu province of China had 110,000 employees, but now, it will only have 50,000 human employees.

With an average balance of Rs 1700, Jan Dhan scheme has actually poured in Rs 37,617 crore into the Indian economy! Since Independence of India, no financial inclusion scheme launched by Indian Govt. has been able to generate so much wealth for the country,

Sokrati, Pune based multi-channel performance marketing platform for Online Retail, has come out with an interesting study that reveals some interesting insights of Indian E-Commerce market.

Do check out our up-to-date Indian Startup Funding and Investment Chart.

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