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Weekly Wrap-up: Reliance CDMA Shutdown, Service Tax Increase, Amazon My Stamp & More…

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

It’s Monday morning and once again time to do a quick wrap-up of the posts published on trak.in last week. If you were offline for any reason, this is a great way to catch up with all the tech buzz from last week!

Karnataka has not imposed any ban on operations of app-based taxi aggregators, but they have asked those aggregators who are offering their services without a licence to stop their operations immediately.

Google has got the clearance to test Project Loon in India, with the aim of providing internet to everyone using balloons up in the sky. Having hit some roadblocks this year, the project got delayed, but the Government has finally given the conditional nod to test out the technology for just 4 days in India.

We are in an era where Entrepreneurship is being romanticized a lot, everyone wants to embrace it. In reality you need to put in real hard yards to achieve entrepreneurial success! Here is what is required to be successful…

When it comes to campus hiring, then Day 1 is the most lucrative slot for companies. But after the debacle over IIM-A graduates, it seems that Flipkart will soon lose the privilege of ‘Day 1’ hiring. Rivals Paytm and Shopclues have said that they can help those 18 graduates from IIM-A.

As already announced, Reliance CDMA shut down its CDMA services from last week on 31st May 2016. With Reliance CDMA shutting down for good, we need to start looking for other options. Here are your best alternatives, if you have not already switched over!

In a shocking revelation, it has been found that using a technology called ‘Radio-Link’, leading telecom companies are masking dropped calls and converting them into billable units, thereby hitting two stones with one single arrow: no complaint against drop calls, and more revenue from billing of those calls which shouldn’t have happened.

National Green Tribunal(NGT) is planning to extend Large Diesel Engine Vehicles ban to 11 other cities as well, including Mumbai, Hyderabad, Bengaluru, Chennai and Kolkata. The ban has been held for cities in Kerala, giving a respite to automobile owners as well as distributors.

In November 2015, Samsung filed a patent with the United States Patent and Trademark Office(USPTO) for a foldable smartphone. The smartphone bends in half from the middle that houses a charging port. The initial iteration of the smartphone will be a premium one, which could spread to mid-range as well in near future.

Within a month of their getting listed on India bourses, Infibeam has shared some impressive financial results. They have already informed the stock market about their plans to invest in payment gateway company CCAvenue.

Understanding the importance and relevance of River Ganga, which is actually worshipped like a God in Hindu households, IT Minister Ravi Shankar Prasad has said that India Post will deliver Ganga Jal across the country.

Indians will need to pay more for any kind of services they pay which includes eating out, traveling, internet services, mobile bills among others. The Krishi Kalyan Cess of 0.5 percent proposed by Finance Minister Arun Jaitley during Budget 2016 started being applicable from June 1st!

The growth of Indian mobile subscriber base continues unabated – According to TRAI telecom subscription report, March 2016 saw 7 million new mobile subscribers added on various telecom networks, with Bharti Airtel adding the highest!

Ola is all set to launch a subscription service for users, to model it like a postpaid service. Dubbed ‘Ola Executive’, the service will allow users to pay at the end of the billing cycle, whether weekly, monthly or quarterly.

In a latest development, Xiaomi has agreed to buy 1,500 patents from Microsoft as a part of a global partnership, which will allow the Chinese manufacturer to market its smartphones outside developing nations, currently dominated by Samsung and Apple.

It seems Paytm will actually race ahead all others to become India’s first Payments Bank. Founder Vijay Shekhar Sharma has categorically stated that their Payments Bank would be launched before November.

OnePlus Invite system will soon be history with the successor OnePlus 3 scheduled to launch later this month! Not only for OnePlus 3, but invites will cease to exist for all future products that they release!

The Reliance CDMA to GSM process has created a chaos in the lives of many loyal CDMA users. Here are some of the most common problems in the migration process that Reliance users are complaining about

Jugnoo has now acquired SabKuchFresh, a hyperlocal delivery service startup, in its home city, to improve logistics, quality checking, packaging and sorting of the deliveries.

TRAI, the Telecom Regulatory Authority of India is now taking more steps to bring the pesky call menace under control. They have come out with an app named ‘DND Services’ that will help mobile users to manage unsolicited commercial communications (UCC).

According to Localytics report, 23% of all users or roughly one out of four will ditch an app after using it only once. Also, 62% of the users use an app less than 11 times before uninstall

It seems India Post, another entity which has been given ‘in-principle’ approval for launching payment bank has some bigger, bolder plans for the same. IT Minister Ravi Shankar Prasad has declared that India Post shall transform into world’s largest banking network, as they will be launching 5000 ATMs across the country

A new study by Google and management consultancy firm AT Kearney has revealed that by 2020, India will have 175 million e-shoppers, and the total sales via online platforms or gross merchandise volume will cross $20 billion. And the best part is that, lack of discounts won’t be an obstacle.

While Chinese companies like Lenovo, Xiaomi and Huawei have set their base in India, and newer ones like LeEco taking the market by storm, India’s leading handset maker, Micromax is planning to enter Chinese industry in two years.

Rs 500 crore worth video advertisement industry in India is in deep trouble now. TRAI is clearly upset and angry over automatic video advertisements which run on several websites. TRAI has also gone ahead and slammed Telco’s over call drops

As per latest data released by National Crime Records Bureau, cybercrime in India has increased by 19 times in the last 10 years. In 2005, there were only 481 reported cases related with cybercrime, which has swelled to 9622 in 2014.

Patanjali Ayurved Limited (PAL), based out of New Delhi, is one of the fastest growing FMCG companies in India. From a modest start, this newest entrant has been registering phenomenal growth and its success has been nothing less than staggering.

Amazon’s subsidiary Junglee, an online shopping service, has launched a pilot for peer-to-peer exchange of goods through the website itself. The service will allow anyone to sell used good and products like electronics, exercise machines and books.

As an anniversary gift, Department of Posts, has gifted Amazon by printing its own Amazon ‘My Stamp’. Celebrating the relationship Amazon has had with India Post, for its extensive delivery network, and partnering with the company to deliver its goods and packages across the country.

And finally, don’t forget to check out our latest updated Indian Startup Funding & Investment Chart

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