Weekly Wrap-Up: HDFC Digital Wallet, Flipkart Tax Penalty, Yu Yureka Sale, Mi Note & More…


It is Monday morning and time to do a quick wrap-up of the week gone by. If you were offline last week for some reason, this is the best way to catch with with all the Tech-Mob Buzz!

Trak.in weekly news wrap-up

Vibrant Gujarat Summit has already hit the high octane note of business and optimism as companies have pledged investments worth Rs 10 lakh crore in the state along with signing 15,000 business deals.

After HCL, Infosys has also announced some great perks for their Top performing employees – They have awarded them with iPhone 6 and 100% variable bonus payouts.

Alibaba, is all set to invest nearly $575 million in Noida based Paytm, an online payment platform owned by One97 Communications Ltd, valuing the latter at $1.9 billion.

The Andhra Pradesh state government has requested the Centre to release its share of funds from the National Optical Fibre Project (NOFN), Which they will use to offer consumers 15mbps internet at Rs 150 per month

Zomato has made it’s biggest acquisition yet – They have acquired US based Urbanspoon. It is their sixth acquisition in last six months and also quite surprising given the price they have paid for it.

The ecommerce poster boy of India, Flipkart has been imposed a penalty to the tune of Rs 23.51 crore by Income Tax department for listing bogus trading firms and not depositing taxes collected from customers!

Technology is the main ingredient for the green city’s success because Bangalore’s cool cops make it so. In other words, the Bangalore police are just a tweet away in case of emergencies and super accessible on Facebook.

India’s national airlines Air India has something to cheer about after a long spell of disappointments, as they have registered a net profit of Rs 14.6 crore and operating profit of Rs 183 crore in the month of December, 2014.

Google Search in India has now started offering additional information on their search engine – Full fledged Flights comparison, search and booking. This is sure to negatively affect OTAs in India.

Do you know what happens on Internet in a minute? Here is a glimpse of it – Just imagine how big internet has become. The posts also shows a comparison of 2013 Internet Minute vs 2014 internet minute!

Micromax Yu Yureka Sale concluded last week on Tuesday – and from what we can gather, the sale turned out to be a cruel joke played on interested buyers – nearly 3,00,000 of them who had registered for it!

Unconfirmed reports have suggested that Twitter is about to announce its first Indian acquisition: ZipDial. As per our sources, the deal can be anything between $30 and $40 million.

HDFC Bank has introduced their own digital wallet in India, which they have termed as “The future of mobile payments”. To make it easier for merchants to accept payments via digital wallet, HDFC has enabled Near Field Communication (NFC) based contact less payment facility as well

MBA Programs have truly gone out of fashion! According to a survey only about 10% MBA graduates are employable. Only if you do an MBA from Ivy league Institute like IIM, do you stand a chance of getting good employment!

Chandrababu Naidu has invited Singapore to plan the new city in his state of Telangana and also made a friendly collaboration with Japan for the capital for the same purpose.

Indian Prime Minister Shri. Narendra Modi has been pushing Make In India campaign Aggressively across the globe. We look at whether this initiative can become a reality or is it merely an illusion!

WhatsApp is now handling 30 billion messages every day, compared to the 20 billion SMS sent daily. WhatsApp now has to its booty 700 million monthly active users and processes 347,222 messages every second.

Flipkart, the biggest Indian etailer, yesterday announced that it aims to help more than 10,000 sellers generate business in excess of Rs 10 lakh through the platform provided by them during the year 2015.

Here is a look at what Consumer Home Electronics were purchased by Indians in 2014. Television still remains the most popular home appliance and nearly 57% consumers still prefer to purchase electronics offline.

In 2014, Mobile shopping accounted for nearly half of all purchases made online. In 2015, this percentage is expected to grow to over 65 percent for Indian ecommerce sites.

Directi has now introduced Ringo (the international voice calling app which does not require an internet connection) to India that offers super cheap international voice calling

In a bizarre move, Telangana government is banning sale of Sexual Wellness Products Online as they are of opinion that allowing such products is increasing crimes against women.

When you are starting a business, you need to make sure to apply for commencement certificate or you may not be able to raise funding or take external investments.

Xiaomi today surprised everyone by launching 2 flagship devices – Xiaomi Mi Note & Mi Note Pro – these are bigger and better smartphones but not really as cheap as one would have expected

Indian Govt has constituted Consumer Protection Acts deal with such misleading and false ads, and they can stop these ads by filing complaints online about them

In the recently concluded Indian Digital Awards 2014, Paytm was adjudged best digital wallet, while superstar Amitabh Bachchan was adjudged the Social Media person of the year. See list of all other awards as well.

Xiaomi is on a roll – After launching Mi Note Flagship Smartphones, they have now launched ultra portable Mi Box mini and Mi Headphones, both with some great specifications

Are you just starting your business? Are you confused which type of business should your incorporate. The article explains various kind of Business incorporations, so you can choose which one is best for you!

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