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Weekly Wrap-Up: GST Guide, Ransomware, Zomato Hack, Paytm Payments Bank & More…

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

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

Contents

Internet/Tech/E-Commerce

Wanna Cry, the deadly ransomware which has affected more than 2 lakh computers across 150 countries, has been declared as a critical threat in India. Computer Emergency Response Team of India (CERT-In) has red alert warning against this ransomware, which denotes maximum threat level.

The massive ransomware attack by Wanna Cry spread fast last week, and has already hit over 160 countries around the world. India is no exception, and Asia is one of the worst hit continents.

MP3, the legendary audio coding format for digital audio, which people born in the 80s and the 90s associated digital music with, has been declared as dead. MPEG-1 or MPEG-2 Audio Layer III or simply MP3 format of digital audio files has been the default,de facto form for saving music since 1989, when it was first launched.

Netflix, World’s most popular on-demand entertainment app has decided to religiously follow Google’s official guidelines on the security of Android devices. And the first shots have already been fired. Henceforth, Netflix won’t be available on rooted and unlocked Android devices.

The big question is: what about income tax payable on the profits made from sale of bitcoins? Should the bitcoin trader classify it under short-term capital gains or it should be considered as long-term capital gains, aka equity shares and stocks?

Here are the top 7 announcements made by Google at I/O conference. This year brings in more announcements related to Google Assistant and Google Home, the two newest products that Google boasts about.

An 11 year old Indian origin boy from Texas, US stunned everyone when he hacked into bluetooth devices being used by those security experts, and controlled his teddy bear using nothing but his laptop and Raspberry Pi.

Zomato has stated in an official blog post that 1.7 Crore user accounts have been hacked from their database. Not only that, the perpetrator of this hack seems to have put this hacked user database for sale on Dark Web Marketplace.

When Torrentz.eu and Kickass Torrents were taken down, Extratorrent was the savior for the day. Till last week, it was one of the best alternative available on internet, but sadly it has been taken down permanently.

Business/Startups

In a major move, Govt. of India has decided to compel startups to declare how many jobs will they create, before taking benefits and subsidies under Start Up India program. Hence, benefits related with Startup India would be now directly linked with the number of jobs which that startups will create in future.

Paytm last week released a public notice that states that Paytm Payments Bank will be starting operations officially on May 23, which is only six days from now. Vijay Shekhar Sharma, in a Facebook post, released a photo of the public notice which was published in newspapers.

As per Truecaller insights, Ola is still #1 when it comes to a total number of calls made or received. This means compared to Uber, more users are calling Ola cabs or receiving calls from Ola drivers.

The Best places to work list is based on the billions of actions taken by LinkedIn’s 500+ million members. Their data team, working with their global editorial team, analyzed those actions to come up with a blended score ranking the winners in each country.

United States’ largest automobile manufacturer General Motors has decided to cease its automobile operations in India by the end of 2017. The Detroit-based automobile manufacturer has its largest brand, Chevrolet in India for the past two decades.

As an entrepreneur how can you inspire the younger workforce? While there are many ways to do it, broadly there are three areas within which everything can be classified.

Finally Paytm Payments Bank will start its operations from May 23rd, and if you are one of the 220 Million who use Paytm, here the things you need to know.

Here is the Full GST Slab and the rates offered. The article also gives details on the products and services that have become cheaper or costlier after GST will come into effect!

Telecom/Mobile/Gadgets

While Android has taken steps and cracked a whip at manufacturers for not improving the situation, it has decided to take the matter into its own hands. The company has now launched Project Treble to change to the low-level system architecture of Android.

Xiaomi’s Mi Home store will be the company’s first such retail store in India to have its entire range of products on display for customers. Xiaomi had started as an online-only brand with flash sales a few years back.

Nokia has launched its iconic feature phone Nokia 3310 in India at Rs. 3,310, inspired by the Freedom 251 name value. The phone will be available from 18th May and only through offline channels in India.

Even though Apple has Siri to take on Google Assistant, the latter is planning to launch its assistant for iOS very soon. Google I/O 2017 is going to be held between May 17 and May 19, and the California tech giant may announce it then.

Instagram has copied Snapchat again with face filters. This was more or less expected because the users themselves had been requesting for these filters. It goes without saying that these filters remind us a lot about Snapchat filters.

If you are regular on Whatsapp, by now you might have received the text from someone or on a group claiming that how clicking on a link would enable the option to change the color of your Whatsapp application. Remember, It’s a malware!

After almost two months of the announcement of Airtel-Tikona merger, Reliance Jio has come up with serious objections to this merger, citing huge financial losses to the Govt.

After a lot of rumours and apprehensions, Apple has finally started manufacturing iPhones in India. Apple has confirmed that the company has started building iPhone SE models in India, in small batches as trial tests.

Xiaomi recently launched their new budget flagship, the Redmi 4, which has been smartly priced below and around 10k bracket, has spurred in a new battle against it’s own successor and predecessor Redmi Note 4 and Redmi 4A respectively.

Others

As per a study by McKinsey & Company, around 1.75 to 2 lakh techies would face terminations, per year, in the next 3 years. This means that close to 6 lakh IT experts would be out of job in the next 36 months.

As per the statement received by us, Bennett, Coleman & Co (BCCL) has filed a FIR (First Investigation Report) against Arnab, who is the founder of Republic news channel, and journalist Prema Sridevi.

In a clear case of resurgence, there has been a slew of positive news related with IT industry in general; and this is clear that things are not that bad it has been painted.

Also, check out our Indian Startup Funding & Investment chart that offers you details of over 3000 funding deals that have happened in India on a single page.

And, if you like our coverage, make sure you check out our Youtube channel that offers short informative videos on everything tech. Here is one the latest videos from our channel!

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