Weekly Wrap-up: IRCTC Ticketing Changes, Jio LYF Smartphones, Amazon/Paytm Financials & More…


Here is 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 up with all the tech buzz!

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

Amazon Web Services in an effort to maintain the competitive edge of its services has now launched Amazon Certificate Manager (ACM). With this Certificate Manager, the web developers would now be able to obtain TLS (Transport Layer Security) and SSL (Secure Socket Layer) security certificates for free.

Lukup have revealed a wireless network transmitter, dubbed Lightup. It is not like any other wireless product, it uses light to transmit data. Yes you read that right! It is able to provide 1GBPS speed at homes, which rivals its 4G and fibre optics counterparts.

Gionee, one of China’s largest smartphone manufacturer, has also written to the Department of Industrial Policy and Promotion (DIPP), seeking approval for setting up its own retail stores in India.

Aspiring Minds, which is one of the premier educational service providers in India has conducted a nationwide employability survey according to which, 80% of all engineering graduates are not fit for jobs.

Delhi Metro has announced that customers will soon be able to pick their online orders from their premises. In fact, customers would be able to pay for their orders at Delhi Metro premises as well, as facility to accept payments via debit/credit card has been provisioned, besides cash on delivery.

Within a month of the launch of the smartphones, panning two extreme segments, LeEco has announced the opening of 555 service centres across 300 towns in the country, majorly to cater to the growing need of the customers.

Indian startups have come together in this war against Zero rating plans and the mission to save Net Neutrality in India. In a dramatic twist, 700 Indian startups, especially those which are into the digital and mobile space, have requested PM Modi to save Net Neutrality in India.

Reliance Jio users would be able to make voice calls using any other rival networks too. Yes, you read that right. RJio subscribers would be able to use any network for dialing any number, but using their own mobile number.

As per the latest statements issued by the Government, it is now clear that they want Project Loon & Microsoft Whitespace kind of technologies to flourish and to positively impact Indians; but they cannot allow this to happen at the cost of security priorities of India.

Facebook will soon get WhatsApp’s user account data to improve “your experience” on Facebook. This information first came to light when freelance Android developer Javier Santos started using one of the beta updates which WhatsApp regularly rolls out before making a public release.

Three smartphones, Reliance LYF Earth 1, LYF Water 1 and LYF Water 2 will be sold in India online as well as offline stores, including Reliance Digital. The smartphones have been priced between Rs 14,690 and Rs 23,990 and will compete in the mid-range smartphone segment. Do Check out videos of all the LYF Smartphones

Transactions on RuPay cards has now breached all records. 27 lakh transactions are happening daily using RuPay cards, which is an increase of 25% compared to October, 2015. In fact, as more and more users are slowly warming up to the idea, the transactions are also increasing.

Reports are emerging that Swedish-Finnish telecom operator TeliaSonera, and Swedish telecommunications giant Ericsson will jointly roll out 5G network at Stockholm and Tallinn, which is in Estonia. Both TeliaSonera and Ericsson have announced this future launch, which has triggered an interesting debate within the tech fraternity.

When we talk about corporate governance, which is almost synonymous with ethics in start-ups or in any company, we compare them to the standard operating procedures that the corporate adheres to while making an important decision.

Flipkart has started hiring fresh graduates based on the capabilities they have built through Udacity’s Nanodegree Programs. And yes, these graduates did not have to face any in-person interviews.

Indian Government has announced the 20 winners of the Smart City Challenge competition for financing during this financial year. Bhubaneshwar topped the Challenge, followed by Pune, Jaipur, Surat and Kochi.

Ford Motor India has announced the launch of its sports car like coupe, Ford Mustang, which is expected to go on sale in the second quarter of 2016.

The most desired skill this year would be Cloud and Distributed Computing skills, which has been ranked #1 in this list. Interestingly, last year this skill was not even in the top 25 list!

Indian Railways has shocked users of their online ticketing platform: IRCTC.co.in as sweeping changes have been introduced. From the reactions received so far, Internet users are not happy with these as several unnecessary restrictions have been imposed, which will certainly create inconvenience for the passengers.

Apple’s expansion plans in India involves selling used Chinese iPhones in India. They have requested the Indian Govt. to allow them to set up facility wherein they can import used Chinese iPhones, and refurbish them to sell locally.

The BlackBerry Priv is now available in India for an unexpectedly sky-high price of Rs 62,990. The smartphone is available on Amazon India and subsequently offline stores from today.

#PerformanceTrak Financial Reports

Paytm reported a revenue of INR 337 crores in FY 2014-15 with a loss of INR 372 crores. This is a growth of 60% from a revenue of INR 210 crores in the previous financial year when had also registered a profit of INR 6 crores.

In only its third year of operations, Amazon has managed to cross INR 1,000 crore in revenue, growing about six times over the previous year. Its revenue stood at INR 1021.9 crores against a loss of INR 1723.7 crores.

Myntra, which got acquired by Flipkart in May, 2014 has reported revenue figures of INR 773 crores against a loss of INR 740 crores for FY 14-15. Myntra is one of the leading fashion e-commerce portal in India and competes with the likes of Jabong, Fashion and You among others.

You can check out more Startup Financials in our #PerformanceTrak Section.

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