Weekly Wrap-Up: Tax Rebates For Card Usage, Startup Listing Norms, CCD IPO, Netflix & More…


It’ Monday morning and time for a quick wrap-up of all the articles published on trak.in last week. If you were offline for any reasons, or just want to catch with what happened in tech-online-mobile space in India, don’t miss it!

Weekly Wrap-up of Tech, Mobile & Startups

South Korean business conglomerate LG has declared their Make in India agenda; wherein they are planning to establish a domestic manufacturing unit for smartphones, and will invest Rs 1000 crore in Research and Development projects in the country.

iBall, in association with Microsoft has launched their first PC-On-A-Stick device which can instantly convert any TV into a PC. All you need to do is insert this device into the HDMI port of the TV.

ISRO will now map and create 3D images of all such heritage sites in the country, and allow everyone to have a virtual tour of the locations.

Here are 10 strong reasons why a tiny Singapore can thrash the U.S. and even high-tech Hong Kong on every step of running a business.

Hero Group popularly known for its two-wheeler division of Hero MotoCorp, has decided to enter the booming electronics business in India by forming a new company as Hero Electronix.

In a proposal which can be termed as a masterstroke, Indian Govt. aims to rectify all of these three issues with a single plan: Tax rebates for electronic cashless transactions.

Japanese Behemoth Softbank, Taiwanese Giant Foxconn and India’s largest Telco Bharti have come together and are going to invest $20 billion in Indian solar projects!

Fitbit has announced their debut in India: they will be launching 4 products in the range of Rs 4000 to Rs 19900 on July 1st. Amazon India has been selected as their exclusive launch partner. As per reports, they will go offline during the peak of Diwali season.

This new Amazon pay/number of pages read revenue model will only be applicable to authors related to Kindle Unlimited (KU) and Kindle Owners’ Lending Library (KOLL).

ICICI Bank, India’s leading private sector bank has partnered with Alibaba to provide easier trade finance and other support services to small businesses in India

SEBI has introduced startup listings on the new Alternate Capital Raising Platform would be made easier with less regulations and rules. Indian startup ecosystem can now look forward to more listings on this new platform.

Lenovo has now decided the follow the vogue of computer-on-a-stick and has launched a tiny and sleek stick computer known as ideacentre Stick 300 for only $130

According to “Who Has Your Back” report for 2015 released by Electronic Frontier Foundation (EFF), Whatsapp is the Worst platform for User privacy and Security

Uber is not only operational on the busy Delhi roads, but is also offering a promotional offer wherein the users will get 40% discount on all rides.

State run Mahanagar Telephone Nigam Limited (MTNL), which provides services in Mumbai and New Delhi, will now officially insert pop-up ads right into the users’ browser. They are seeking advertisers who can run their ads in these spaces.

India’s capital New Delhi has performed badly in Building Smartness survey, as only 44% of the buildings are smart, compared to 57% of all buildings in Bangalore. Meanwhile, India’s economic capital Mumbai has only 36% effectiveness in creating smart buildings.

Foxconn is aggressively setting up base in India. Reports have emerged that they will now start a new plant at Sri City in Andhra Pradesh, and manufacture Xiaomi phones.

Indian PM Narendra Modi has launched three massive urbanization projects with a budget of Rs 3 lakh crore – they are 100 Smart Cities, AMRUT for 500 Cities & Housing For All

Facebook has partnered with Kaspersky Labs and have come out with a Security tool that will scan your computer automatically for malicious code and get rid of it!

The report concludes that L’Oreal, Nivea, Dove and Chanel are widely appreciated social media brands. Coca-Cola, Redbull and Oreo still remain the most loved brands on social media platforms for the unique and youth involving campaigns.

Microsoft has gone ahead and released 3 separate apps for Word, Excel and PowerPoint. Previously they had a unified Microsoft Mobile Office suite, which has not been separated into three apps

This was inevitable – TaxiFoSure Cabs are slowly being integrated into OLA app. Now passengers can book TFS cabs directly through OLA app. It was on cards since TFS acquisition and it has happened now!

The Housing & Rahul Yadav Saga seems to be coming to be at its final climax if an ET report is to be believed. The news of Rahul Yadav stepping down as CEO of Housing.com has been reported by ET.

Netflix is planning to enter India by the year 2016. This news has sent all current DTH operators into a tizzy as they all know how appealing and lucrative Netflix streaming service can be.

As per a recent research titled “Long-term macroeconomic forecasts – Key trends to 2050” conducted by The Economist Intelligence Unit, it was revealed that by 2050, India will become world’s 3rd biggest economy overtaking UK, Germany, Japan, France and Brazil.

After Microsoft, Motorola, Xiaomi, LG and Foxconn have decided to setup their manufacturing base in India, even Lenovo has announced its plan to do the same! The Make in India initiative is really bearing fruits!

Bharti Airtel, India’s Leading telecom operator has invested in OneWeb – With this strategic investment, they are planning to improve their coverage and provide Internet services in remote areas using 700 micro satellites

According to Akamai State of Internet Q1 2015 report, India has second slowest average internet speeds in Asia-Pacific and slowest peak internet speeds across the world

India’s biggest chain of coffee outlets: Café Coffee Day (CCD) has finally decided to go public. Against a rough valuation of $1 billion or Rs 6300 crore; CCD plans to raise approximately $180 million or Rs 1150 crore by selling their shares to general public.

Microsoft India chairman Bhaskar Pramanik has shared that by the end of 2015, Microsoft will open their three hyper scale data centers in India. Although not yet confirmed, but speculations are rife that these three locations would be Pune, Mumbai and Chennai.

OnePlus 2 would be unveiled in VR (Virtual Reality) and the broadcast would be available for anyone to stream in the world starting at 7:00 pm PT on 27 July.

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