Weekly Wrap-up: Freedom 251 Refunds, Union Budget 2016, Govt Startup Portal & More…


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

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

WhatsApp has confirmed that they will be ending support to some old operating systems, as well as some decently prominently ones, by the end of 2016.

As a intermediate solution, the Government of India has asked Google to join hands with an Indian telecom operator to start work on Project Loon.

Youtube has created a dedicated team for “minimizing mistakes” and for improving the quality of their actions. YouTube is also working on strengthening the communications between the video creators and the YouTube support

Indian Space Research Organisation (ISRO) Chief, A S Kiran, announced that India is ready to conduct its second Moon mission Chandrayaan II. While the dates are not announced, the mission can be expected to happen in next 12 to 24 months.

In a landmark judgment, Delhi High Court has upheld TRAI’s directives on call drops, and ordered telecom firms to compensate all users for call drops.

Finance Minister Arun Jaitley announced the Union Budget for 2016-17 at the Parliament last week. Here are the highlights and overview of the Union Budget.

Google Maps has finally brought the much anticipated pit stops functionality to iOS devices now. Google Maps was recently updated to add support for making pit stops on your way to your destination, for Indian Android users.

The mystery over the magical Rs 251 worth of ‘Make in India’ phone called Freedom 251 has deepened, as the company behind this ‘fiasco’ has decided to refund money.

Zee Media Corp. Ltd. Has informed Bombay Stock Exchange that they are acquiring majority stake in two of India Today’s retail companies.

In the #Budget2016 announcement, FM Arun Jaitley had declared that 60% of funds withdrawn from Employee Provident Fund (EPF) would be now taxed; and this has stirred the hornet’s nest.

To maintain user’s privacy and security Google Play has to reinforce very strict policies and guidelines for the app developers. But just like all things, it comes at a price. The price of taking down otherwise good apps of those developers who forget to follow a few guidelines.

Oracle, one of the largest American computer technology company headquartered in California, now plans to invest $400 Million through three new initiatives in India. They are opening an Oracle Campus in Bangalore, open 9 incubation centres across the country and train over 500,000 Indians every year!

The user base for Twitter has remained stagnant at best, with 320 Million monthly actives in Q4 2015. In fact, users in US declined from 66 Million in Q3 ’15 to 65 Million in Q4 ’15. Here is our view on how Twitter can gets its Mojo back!

Reliance is considering expanding into different spaces, the latest being AJIO.com, a fashion e-commerce website. The website has been under testing from December 2015 and is expected to be unveiled to its employees by the week.

At a time when India is riding on a startup & digital wave, Government has decided to punish those who attempt to embrace the new digital media. In a move which has been hailed as ‘greedy’, Government will now charge an equalization levy of 6% on digital advertisements purchased by Indians.

Akash Neeraj Mittal, an IITian who has published a novel called ‘It Wasnt Her Fault’ decided to use his creativity to land a job at Flipkart. The unique way in which he tried to market himself was quite creative, and out of the box.

In yet another case of such cheating, it was found that an organized syndicate in Punjab had duped Flipkart of Rs 80 lakh.

Uber is refusing to settle down in the competitive app-based transportation business. After disrupting the 4-wheeler industry with cheap rides and car pooling, it is the turn of 2 wheelers now.

American market research IDC has just released their latest report on smartphone sales in India during the period October-December, 2015. As per the findings, a new wave of 4G is sweeping urban India as it accounted for 45% of all online smartphone sales in the urban locations, which is a new record.

So, how do you identify and entrepreneur? Here are 5 die-hard traits that make someone the ‘entrepreneur’.

Amazon India has announced the launch of ‘Women only’ delivery centres, starting from Trivandrum. Subsequent hubs will be opened in Chennai and Kochi. As the name also suggests, the delivery stations will be managed and run by women completely, through their service partners of course.

Amidst the sea of digital wallets comes another online wallet for your purchases. Taking a leap towards digital payment business, Flipkart has unveiled its own wallet, dubbed ‘Flipkart Money’.

The startup world is young, vibrant and exciting. Unsurprisingly, it is a common dream amongst entrepreneurs to have their office designed to reflect their energy. But, is it really necessary, or even desirable, for a startup to be spending on designing new office spaces?

Ixigo, the popular online travel ticket aggregation and search platform has now launched ‘ixibook’ that allows users to book their flight tickets or do the hotel bookings directly inside the ixigo app, without the need to go to the partner website.

In one of biggest push for Digital India, Government has decided to digitalize 1.5 lakh post offices across India; which includes 1.3 lakh post offices in rural areas. Even the humble postmen are going tech and will now sport hand-held devices on their field trips!

In order to encourage more entrepreneurs, the Government has now decided to launch a web portal designed to improve the startup environment. The portal will be active sometime next week and entrepreneurs will be able to register their start-ups on the portal as well.

Lastly, don’t forget to check out our Indian Startup Funding and investment page that is regularly updated and now has details of over 1300 funding deals.

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