Weekly Wrap-Up: Paytm, Vodafone 4G, Snapdeal Diwali Sale, Zomato Layoffs & More…
It’s Monday morning and as is customary, we bring you a quick wrap-up of posts published on Trak.in last week. If you were offline for any reason, here is a great way to catch up with all the Tech and Business buzz.
Govt. will now stop all physical printing of official Gazette notifications, all over the country; and switch to ePublishing them. This single masterstroke will save 3.5 crore pages of such Gazette notifications, which are published by the Govt. every year.
American monopoly on satellite based navigation is all set to end now, as Indian Space Research Organisation or ISRO will launch India’s own ‘desi’ satellite based navigation next year. Christened as Indian Regional Navigation Satellite System or IRNSS, this navigation system would be controlled by Indian Govt.
Last week, in another announcement, Paytm has said they are set to roll out it’s Hyperlocal business which is expected to account for over 50 percent of its sales by end of next year.
PM Modi’s Make in India vision received a major boost today, as Gionee has kick started domestic production of their handsets. At a function at Vishakhapatnam, Andhra Pradesh, CM Chandrababu Naidu launched their first Make in India phone: Gionee F 103.
The recent incident where an administrator of a WhatsApp group along with three others have been arrested in Latur district in Maharashtra last week over objectionable content of videos of cow slaughtering and criticizing Prime Minister Narendra Modi makes us think about how we still fail to understand the right thing to do in such situations.
Every Telco is announcing their plans for 4G – Vodafone is to Commence 4G services in Mumbai by December 2015, while Tikona has said they will launch 4G in over 30 cities in first half of 2016
Last week, another fast growing mobile brand – OnePlus – announced its plans for local production of its smartphones in India through contract manufacturing at ‘Foxconn’s Rising Stars factory’ within the Sri City Integrated Business City in the state of Andhra Pradesh by end of 2015.
Ola, India’s leading cab aggregation and rental mobile app last week announced the launch of social ride-sharing offering on its app. Called Ola Share, the feature helps users to create and join Social groups who plan to travel on same route in real time.
CAIT, which is an influential body of offline traders and retailers has complained to Ministry of Commerce regarding heavy discount sales and offers promoted by portals like Flipkart, Amazon and Snapdeal.
In one of the biggest protests we have ever seen, especially in the pharmaceutical sector, more than 800,000 chemists all over India shut down their shops, as a protest against eCommerce and online pharmacies.
Paytm announced last week that they are bringing QR code based cashless payments that can be utilized by any offline shopkeeper or service provider to accept digital payments. This essentially means that Paytm is now open to anyone in offline world to start accepting payments immediately.
Brand India is now worth $2.16 trillion, which makes us World’s 7th most valuable national brand. As per a study conducted by Brand Finance, a London based brand valuation and strategy consultant, it was found that India has increased it’s brand value by whooping 32% in the last 12 months.
Reliance Communication has launched Smartcare on Twitter that will provide various user account management services to reliance mobile prepaid and postpaid subscribers.
India has been declared as the youngest startup nation in the whole world according to NASSCOM report. The report mentions that an average entrepreneur from India is less than 35 years of age, which is the lowest median age, globally.
India’s #2 largest travel portal: Yatra.com will now offer branded rooms and homestays across 1000+ Indian cities, and their prices start from Rs 499 per night. This makes them directly in competition with existing players in this segment: Oyo Rooms, Stayzilla and AirBnB.
Café Coffee Day’s debut IPO was launched last week, but as per reports coming in, investors were not too enthusiastic about it. Meanwhile, IndiGo has announced their IPO launch on October 26th, through which they aim to raise close to Rs 2500 crore.
Tata Homes have joined hands with Facebook to launch “Social Sell”, a first of its kind initiative in India to sell Leisure and Holiday homes in its upcoming project in Goa.
A trademark is a unique sign which helps you to distinguish your business goods or services from others.Your brand are represented by a trademark and it is of two types: A logo or a signature
Anand Chandrsekaran, the Chief Product officer, tweeted some numbers as to how Snapdeal has fared during the first two days of Snapdeal Diwali Sale, and the numbers (if true) are surely quite impressive.
Aircel has just launched a plan called Free Basic Internet (FBI), which can be an excellent alternative to Free Basics by Facebook, as it is net neutral, free from any discrimination and empowers all with free Internet.
In a landmark judgment, US Jury has ruled that Apple has illegally and unethically used a technology, which was created by four researchers, two of them being India-born Bits Pilani students. As per the Jury’s decision, Apple is now liable to pay $862.4 million in damages.
TRAI has come out with official notification that states – Telecom Operators will have to compensate Rupee one for every dropped call and maximum of 3 calls can be claimed in a day!
Ezetap, a smartphone-based payments POS device has announced a tie up with four major mobile wallet companies in India. The Bengaluru based startup is all set to hit new notes with Paytm, MobiKwik, Novopay and FreeCharge.
Going forward, Indian Government has decided that data in regards to National Sample Surveys, Economic Census & Other Data will be available to citizens of India free of cost. Till now it was available only offline and at a price
Zomato has confirmed that they are laying off 300 employees, or roughly 10% of their workforce, in order to concentrate more on profit-making niches. Severely hit would be their content teams, which are responsible for live data collection, part of their ‘feet on the street’ business model.
And, don’t forget to check out our Indian Startup Funding and investment page.