Weekly Wrap-up: Ola Corporate, BookMyShow Financials, Paytm Sound Pay & More…


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

Weekly Wrap-up: Ola Corporate, BookMyShow Financials, Paytm Sound Pay & More…

Surprisingly, Arvind Kejriwal, Delhi CM, has been declared as the ‘Most Hated Indian’ on social media; while Airtel has become India’s most hated brand. The Airtel 4 ad campaign, featuring Sasha Chettri has been held responsible for this disastrous result.

In a major re-structuring decision, Toshiba has decided to quit TV and Home Appliances business in India, as they will only focus on B2B niche selling laptops and electronic equipment

Bombay Stock Exchange has announced a partnership with Tata Docomo to launch free WiFi in Mumbai around the PJ tower area, South Mumbai.The launch event was inaugurated by Ravi Shankar Prasad, Minister for Communications & Information Technology, Government of India.

Department of Electronics & Information Technology has sent a draft amendment to Bureau of Indian Standards to make all feature phones being sold in India, compatible with at least one local language.

Ola is now expanding from B2C Segment to B2B. They have announced launch of a new initiative called Ola Corporate that will cater to transportation needs of Enterprises. Ola Corporate will provide seamless travel to corporate customers at fraction of a cost

Mahindra GenZe, which is a US subsidiary of Mahindra based in Bay Area, has partnered with AT&T, an American multinational telecommunications corporation, to create the world’s first electric scooter connected to the internet at all times.

Cash of Delivery model propagated by leading ecommerce companies in India has now enabled India Post to churn our revenues worth Rs 1000 crore during the first 9 months of this current fiscal year. And going by the trends, the overall revenue growth may be the highest for India Post by the time March, 2016 ends.

Such is the rise of Crypto currency usage that hackers are now demanding bitcoin as ransom from hapless victims. India’s first such instance of using bitcoin as ransom has emerged in Mumbai.

Big Tree Entertainment Private Limited, which owns and operates bookmyshow.com, has reported its latest financials. The company’s revenue crossed INR 100 crore mark in FY 14-15 with a growth of 57% over the past fiscal’s revenue.

Here is a complete comparison of 4G mobile internet data plan tariffs provided by various telecom operators. Currently, only 3 of them – Airtel, Idea and Vodafone are offering and we have compared their data plans

In a major reform for encouraging entrepreneurs and to push ‘Startup India’ vision, Indian Government has decided to abolish this tax on startups and angel investors for seed funding. This will prompt new entrepreneurs to set up base in India, and help Indian economy to flourish and develop.

Spectranet wants to improve the quality and the speed of the broadband internet available to the Indians. They are planning to launch a truly unlimited 100 Mbps broadband plan at just Rs. 1,200/month which will have no FUP limit

Delhi Police have asked TRAI to impose a fine of Rs 1 crore on telecom companies that have been caught for doing Fake SIM Card verification As of now, there is a paltry fine of Rs 50,000 for issuing SIM Cards based on fake ids.

Lenovo Executive has said that all Moto Phones in 2016 will have minimum 5 inch displays and all with come with Fingerprint scanners as standard. Until now, Motorola CEO believed a fingerprint sensor does not make much of a difference, which is also why Nexus 6 made by Motorola never got to see the scanner

LeTV, The Chinese Smartphone and Electronics manufacturer has rebranded itself as LeEco with a fancy new logo to match the name. Rebranding was part of their Global Brand Upgrade!

One of the leading Digital wallet company in India, Oxigen has partnered with Visa to unveil its virtual debit cards. These cards can be used just like any other debit card to make payment online.

In one of the biggest campaigns ever launched, Indian Government is attempting to create mass awareness about benefits of using LED lighting. They are offering citizens 10 LED bulbs at much subsidized rates

India’s largest Bank, State Bank of India, today inaugurated India’s first startup focused Bank Branch in city of Bangalore. This specialized branch aims to understand and address banking needs of a Startup Business.

After much testing in the U.S. for delivering packages to its customers via bicycles, Amazon, the most visited e-commerce website in India has finally launched bicycle deliveries in the country. The service is already live in Manhattan since the last February and promises to deliver couriers within just 1 hour.

Amazon has gone back to its roots and launched a bookstore specifically catering to the needs of every student these days, that is a bookstore for competitive exams. Dubbed as ‘Exam Central’, it helps students preparing for competitive exams and job aspirants

In November 2015, the electronics payment methods have again accounted for more transactions in India than the traditional methods like drafts, and cheques

Paytm is working on a new way to facilitate mobile and digital payments and they are doing this based on ultrasonic sound waves. Called Paytm Sound Pay, the new feature will enable users to make payments at Point of Sale (PoS) by transferring information using Ultrasonic Sound waves.

David Fullagar, Vice President of Content Delivery Architecture at Netflix said that they now are getting better at detecting proxies and unblockers and very soon these users will not have access to all the content which is not allowed in their geography

According to a report by FICCI CASCADE- Grant Thornton, online marketplaces have become the preferred hub for selling counterfeit and smuggled goods. This is mainly because of the fact that India does not have any specific e-commerce legislation in our country for protecting the interest of the buyers.

And, while you are at it, do check out our Startup Funding Page that offers full details on every funding deals that has happened. In fact, since start of the year more than 50 deals have been struck already!

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