Weekly Wrap-Up: FDI In ECommerce, Uber Cash Payment, Google Transit & More…


It’s Monday morning and time to do a quick wrap-up of the posts published on Trak.in last week.

Weekly Wrap-up of Tech, Mobile & Startups

11th May was India’s National Technology Day – On this day we featured India’s Top 6 Technology Fuelled Innovations that will make you proud.

Indian Govt has launched KhoyaPaya portal, a new initiative to provide a platform to the public to share the details of missing / found / sighted children with public at large. This portal is in addition to all the existing mechanisms established in India by the Government / provided under the law.

Two of the most apparent changes in the world of business are its degree of mobility and flexibility. We bring you how can effectively and successful run a business remotely

It seems Facebook doesn’t want their users to get away from their mobile app inorder to search a link. They have introduced a new URL search engine in their mobile app, which will make the process of searching and sharing URLs super easy.

Last week we had reported that Competition Commission of India (CCI) has absolved major ecommerce portals from accusations of anti-competition charges filed by a strong lobby of offline retailers. But, now they have initiated yet another investigation against ECommerce companies.

Now, Google Maps has added yet another feature to Google Transit that will help you plan your public transport trips even more quickly and easily. They have added Indian Railways schedules for over 12,000 trains and also have further updated bus and metro information.

For the first time ever, Uber has allowed cash mode of payment for availing their cab booking services. Cash payments have been started in Hyderabad as of now, and it is being expected that the option would be rolled out to other Indian cities very soon.

Rahul Sharma, Founder and CEO of Micromax today unveiled a transformational health device that could change the way we carry out routine medical tests. Called HEALTHYU, this device can carry out various medical tests including ECG (Electro-Cardiogram), Skin Temperature, Blood Pressure, Blood Oxygen Saturation, Heart Rate and Respiration rate.

At the launch event YU’s founder and CEO Rahul Sharma announced the company’s flagship device i.e. YU Yuphoria. He also unveiled Yu Fit Fitness band along with Health device called HealthYU.

Telecom Minister Ravi Shanker Prasad has officially launched India Post’s first Android app: Post Info, which is now ready for download. Centre for Excellence in Postal Technology (CEPT) has designed and developed this app.

Arun Pudur, a relatively unknown tech entrepreneur born in Chennai has topped the latest WealthX Report of Richest Under-40 Entrepreneurs from Asia.

Hyderabad, capital of newly formed state Telangana, is fast emerging as the most preferred IT city. State IT Minister KT Rama Rao announced via Tweets that Google has agreed to build their largest campus outside US in Hyderabad at an investment of Rs 1000 crore.

Aditya Birla Retail Limited, a retail subsidiary of $45 billion Aditya Birla Group has acquired Jubilant Industry’s retail business in all cash, slump sale deal. The exact amount of the deal hasn’t been disclosed.

Have you ever given a thought as to how cheap are WhatsApp voice calls? We carry out a few tests to exactly find out how much data is consumed by WhatsApp voice calls.

Most successful companies fall prey to this aspect every time without fail. The reason, as many of us can observe is complacency. Some of the biggest examples of failure due to complacency in the past are MySpace and Nokia!

Here is case of Ola Cabs customer facing billing issues while taking Ola Cabs. Whats more he decodes the entire story, and finds that there may be many who would have faced similar issues, and Ola has not done anything about it

Rahul Yadav, the unconventional, maverick and at time totally unpredictable co-founder of Housing.com has decided to ‘gift’ all his shares in the company to employees.

In the month of March 2015, a total of 9.31 million new subscribers were added, highest in last 12 months. The total subscriber base has now reached 969.89 million, just 30 million short of 1 billion subscribers.

Department of Industrial Policy and Promotion under Ministry of Commerce and Industry, which is the decision making body for all FDI (Foreign Direct Investment) related matters in India, have released the updated and consolidated FDI Policy of India, which is effective May 12, 2015.

Delhi Govt. has ordered all telecom companies and Internet Service Providers (ISPs) in Delhi to restrict and block the access of all taxi aggregator apps such as Uber, Ola and others.

Make the economics of the business come alive—for everybody. Make them transparent. Let employees see whether they are winning or losing the business game. If they win—if they improve results—provide them with a reward.

Facebook has launched a new product for publishers: Instant Articles, which will directly inject news and content into user’s mobile newsfeeds. As of now, publishers can only share link on their Facebook pages.

Ending all ambiguity surrounding contactless payment mechanism in India, RBI has issued final guidelines for this new mode of payment. There would be no Additional Factor of Verification for any transaction upto Rs 2000.

Last year, global cash back portal BonusBay launched their Indian operations via BonusBay.in; and they have already steamed up this rapidly growing ecommerce cashback market in India [sponsored]

Ecommerce sector is divided on this issue and the differences have come out in the open again. Predictably, Indian ecommerce firms such as Flipkart and Snapdeal are vehemently opposing the proposal of FDI in eCommerce, while foreign ecommerce portals such as Amazon and Ebay are supporting the move

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