Weekly Wrap-Up: Paytm Hotel Bookings, Reliance LYF, Mahindra Smartshift & More…


It’s Monday morning and time to do a quick wrap-up of posts published on trak.in last week. If you were offline for any reason, this is a great way to catch with all the tech buzz!

Weekly Wrap-up of Tech, Mobile & Startups

In an unprecedented move never seen or heard within the online world, Amazon has decided to declare all out war against fake reviewers. In a decision which would be hailed as path breaking, Amazon has filed a lawsuit against 1114 sellers on Fiverr.com, who claim to offer fake reviews for various products sold on Amazon.

Chinese Mobile handset manufacturer Vivo has now bagged 2 year IPL sponsorship deal from BCCI. In a statement, BCCI has said, “The IPL title sponsorship right has been assigned to M/S Vivo mobiles. Vivo is to give the Bank Guarantee in next ten days”

Reliance Jio is determined to launch their 4G services packed with a smartphone costing just Rs 4000. They are naming this 4G enabled smartphone as LYF brand and will launch it before Diwali.

Paytm is making entry into another fast growing online vertical – Hotel Bookings. Going forward, Paytm will be offering hotel bookings on its platform in partnership with third party players like Goibibo, Ezeego1, Via and TSI-Yatra.

Reliance Industries, one of the biggest private conglomerates in India has announced that they are joining the eCommerce bandwagon by the end of this fiscal year and plans to enroll over 150,000 small and medium sized vendors on its platform.

As many as 38 percent Indians trust Social Media to find products to purchase online, followed by Brazil (21%) and China (20%). On the other hand, developed countries like Japan (70%), UK (70% and Australia (67%) use search engines to find their products online.

Besides worrying for investors and revenue, entrepreneurs need to worry about one more thing now: Aadhaar Card. And in case they still haven’t got one, then they can’t even start a new business anymore!

Mobikwik, one of the leading mobile payments company released numbers in regards to brick-and-mortar store transactions through their mobile wallet – they have processed 5 Lakh transactions in just 3 months amounting to Rs. 600,000,000 or 60 Crore rupees.

While Reliance Jio and Airtel are sweating it out to take control of ultra-high speed 4G market, BSNL is attempting to revive their fortunes with brilliant technological innovations, which can cause a fresh round of disruptions within the telecom market.

Now, we have a $16.9 billion Mahindra Group entering the logistics space – They have today announced the launch of SmartShift – a technology enabled load exchange platform for cargo owners and transporters, enabling them to work closely with each other.

India born Meru, which is right now among top 3 Indian taxi operators, has forged an alliance with France based Taxis G7; which empowers them to expand across 6 countries spread over three continents.

TRAI have released their monthly telecom subscription report and according to it, India added 5.48 million new mobile subscribers in August 2015 – taking the total tally to 988.69 million.

Google Chrome has taken notice of issues with auto playing videos and has introduced a mute button in their latest release. If you are using Chrome, your browser in all probability has already got updated.

Housing.com, whose business model included purchasing a premium domain for $1 million, is experiencing rough weather as of now. After their founder and CEO Rahul Yadav was sacked by the investors and mass firing done to reduce expenses.

Saankhya Labs, an electronics and chipset manufacturer based in Bengaluru has developed a small postage stamp sized chip called ‘Pruthvi’; which has the potential to change rural India forever.

Youtube has finally launched their much anticipated paid subscription plan, which will allow users to access ad-free videos and a bunch of other advantages. Christened as “Youtube Red”, this is certainly one of those redefining moments for Youtube, as it can finally leverage their billions of hours of videos and millions of daily viewers.

Paytm has introduced Mobile Wallet Top-ups through ATMs, which will enable users to top-up their Paytm mobile wallets for making offline or online purchases. The process is exactly the same how you would remove cash from an ATM machine – but instead of cash, here the user just top-ups his mobile wallet.

Revenues of Samsung India are falling, and such is the alarming situation that they are firing employees to reduce their expenses. As per media reports, Samsung may fire 5% of their staff in India within next few months; which translates to roughly 1100 employees.

Twitter has launched Twitter Polls for users across the world. They are being rolled out in phased manner and everyone should be able to create polls on Twitter in coming days.

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