Weekly Wrap-Up: One Person Company, Facebook 100M Indians, HeartBleed & More…


It’s Monday morning and time for a quick wrap-up of the posts published on trak.in last week.Trak.in weekly news wrap-up

Drug major Sun Pharmaceutical Industries will acquire Ranbaxy Laboratories in an all stock transaction worth $4 billion. Total equity value of the transaction would be around $3.2 billion.

BJP finally released its election manifesto, with the vision of ‘Ek Bharat, Shreshta Bharat – Sabka Saath Sabka Vikas’ (One India, Best India – Unity and Development for everyone).

The Election Commission of India has banned use of mobile phones inside the polling booth stations during these General Lok Sabha elections except for the presiding officer and the first polling officer. Even, both these officers can only use their mobile phones to send reports that too through SMSes!

The IRCTC E-Wallet feature launched last November looks like a failure, as very few has actually registered for it since it’s launch 4 months back. Only 32,000 passengers have registered for it till date.

One person company is a new concept in India which has been introduced by the companies act 2013. In the old Companies act 1956 a minimum of two directors and shareholders were required to form a private limited company.

Samsung is undoubtedly the leader in mobile phones market share, that too by a very large margin. However, due to market dynamics, it just cannot afford to relax, or they may meet the same fate as Nokia did!

Google has launched a new feature called “Know Your Candidates Tool” that will help users to visually find any Lok Sabha constituency on the map and then check out all candidates that are in the fray.

Here are the 10 Richest Candidates who are fighting these General Elections of 2014. As a party Congress candidates seem to be far ahead of others. They nearly have double the assets on average compared to other party candidates.

An Israel based startup: Store-Dot.com has introduced a new device which can fully charge a smartphone in 30 seconds.

In the 19th chapter of our #ProductivityHacks series we bring you the 30-second test to eliminate junk from your life easily.

Indian startup Ineda Systems recently secured $17 million (Rs 102 Crores) in second round funding from Walden-Riverwood Ventures, Samsung Catalyst Fund, Qualcomm Ventures, IndusAge Partners and others. Adding their previous funding rounds, the total amount surpluses $23 million. They want to lead the wearable Chip Industry.

When Facebook opened their first office in India at Hyderabad in 2010, only 8 million Indians used Facebook. Now that figure has crossed 100 million users, making India the largest userbase for Facebook outside US.

Flipkart probably have one of the best mobile shopping app for Android & iOS devices in India. Now, they have gone ahead and launched mobile app for Windows phone users as well.

Earlier this week a new bug named Heartbleed was uncovered by a Finnish security firm Codenomicon and an Google researcher. It is being claimed that, although, being around for almost two years, this is the first time, it has been detected.

The high demand for enterprise database management systems along with robust growth of ERP systems has made Oracle 2nd biggest Worldwide software vendor in India. For the year 2013, Oracle has overtaken IBM in terms of total revenues and sales, compared to 2012.

U.S is planning to change the immigration rules that will make H1B more attractive to married professionals. According to a statement made by White house, spouses of H1B visa holders will automatically get work visas, which will allow them to legally take up a job in US.

MoboRobo is one such All-in-one smartphone management tool that will easily allow you to manage your Android and iPhone directly from your desktop. [This is a sponsored post]

2013 was called the year of the mega breach in security world. There was a 62 percent increase in the number of data breaches from the previous year, resulting in more than 552 million identities exposed.

Android’s ‘Verify Apps’ feature has now added an extra layer of security – constant on-device monitoring that will ensure that no malicious activities are carried out by rogue apps on your mobile device.

Thekabadiwala.com is a new online portal to sell your scrap and a lots more. Services like plumbing, electricity repairs etc can also be availed via this new startup from Bhopal. Laundry pickup, computer repair, carpenter, welding services are among the upcoming services.

Microsoft Ventures, the startup accelerator arm of Microsoft have today announced launch of “JumpStart” in India, a hotline that provides entrepreneurs and startups with a resource to ask business and technical questions.

Open Garden, a team of innovative tech enthusiasts have launched a unique mobile application called Firechat, which enables you chat with your friends even without any internet connection or even mobile phone coverage.

There is some bad news for the automobile industry in India – Passenger car sales have come down this year, as 6% less cars were sold in the first quarter of 2014 compared to last year. Auto sector is also facing huge job losses in this year

Globally, migrant workforce sent $404 billion to their home countries in the year 2013 and out of that, Indian have beaten them all. Migrant Indian workforce sent remittances worth $70 billion (Rs 4 lakh 20 thousand crore) back home, beating countries like China and Philippines, which have traditionally been the toppers of this list.

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