Weekly Wrap-up: Infibeam IPO, 4G Pricing War, Aadhaar Bill & More…
It’s Monday morning, and time for our customary wrap-up of the posts published on trak.in last week. If you were offline for any reason, this is the best way to catch up with all the tech buzz!
Adding to ‘Swacch Bharat Abhiyan’, Suresh Prabhu, Railway Minister, has launched a new service, dubbed ‘Clean My Coach’ which does exactly what it says. An online service for railway passengers in India, it allows them to get their coaches or compartments cleaned by using a dedicated app for the service.
Aiming the disrupt the movie-ticketing business, Paytm has taken their first step in this space by partnering with two cinema chains – PVR cinemas and INOX.
Flipkart, India’s largest ECommerce site, has taken state of Uttarakhand to Court for taxing customers when they make purchases online. In January of this year, Uttarakhand went anti-digital and announced that any ECommerce purchases made by people in Uttarakhand will be levied 10 percent ‘entry tax’.
In one of the landmark decisions, National Consumer Disputes Redressal Commission (NCDRC) has severely criticized HDFC Bank to refusing to assist an Indian couple who were ‘trapped in Thailand and Singapore’. In fact, the forum declared that HDFC Bank has no love and respect for India, as it penalized them to the tune of Rs 5 lakh for this debacle.
Telenor has initiated 4G pricing war with the launch of ultra affordable packs starting with Rs 11 for 100 MB data and Rs 22 for 250 MB data with a validity of 1 day. These new, super cheap prices were announced by Telenor while launching their first ever 4G network in India at Varanasi.
BSNL is planning to install 50 ‘Zero Base’ mobile towers to improve the aesthetics and overall functionality of a tower. To be very honest, the mobile towers sprouting up these days are an eyesore, along with no added functionality.
Simply, put there is no black and white method which textbooks can teach you; this has to come from the depth of wisdom which you have accumulated. We bring you our understanding on 5 questions which could enable your startup to be eligible to raise funding.
CAG has revealed shocking facts about top Indian telecom firms. As per initial reports, top 6 telecom companies have under-reported their revenues, due to which Indian Govt. suffered losses to the tune of Rs 12,489 crore.
Indian eCommerce sector’s first ever IPO (Initial Public Offer) would be launched by Infibeam today; which will make Infibeam the first Indian eCommerce firm to be listed on Indian Stock Exchange. At a price band of Rs 360-432 per share the company is looking forward to raise around Rs 450 crore, at a valuation of Rs 2237 crore.
After UP, Bihar and Uttrakhand started charging additional tax for ecommerce purchases, reports are emerging that atleast 6 other states may soon start this trend.
India’s leading private sector bank- ICICI Bank, has now launched a new NFC-based mobile payment system enabling contactless transactions via its Pockets app.
In order to reduce the costs associated and inconvenience due to returns owing to difference in sizes requested and actual size, Myntra is set to launch standardised size chart on its mobile app and well as their mobile website by mid-April.
With their popularity of Uber and Ola apps soaring , Google has now decided to integrate them in their popular Google Maps mobile app. Google Maps acts like aggregator of cab aggregator apps!
HDFC Bank has launched SmartUp in association with ‘Zone Startups India’, a start-up accelerator based in Mumbai. SmartUp is custom designed to meet all the requirements of a start-up including banking services, payment solutions, and advisory and forex services.
FreeCharge, one of the leading digital payments solution provider in India, has introduced a spectacular new payment solution which authorizes payments through chats.
Aiding this growing need and demand for mobile phones is another booming sector, the Mobile Repairing Industry. These are the third-party players supporting the smartphone market through its post sales services and expanding their reach manifold over the past few years.
ET has claimed that Flipkart was in talks with Amazon regarding a possible takeover of the former by the later. But due to low valuation of Flipkart, the deal couldn’t get materialized, and things are back to normal.
Ola has announced some aggressive plans for their growth in Delhi area – Ola plans to expand its fleet of CNG cabs in Delhi by adding more than 5000 CNG cabs in the next one week.
In an unprecedented move rarely seen in India, Modi Govt. used some smart tactics to pass the Aadhaar Card Bill in the Lok Sabha; thereby rejecting all changes which Rajya Sabha has proposed.
CREO Mark 1 , an offering from Indian startup is a high-end smartphone, which focuses on monthly software updates over yearly upgrades to hardware. Mark 1 claims to renew your phone with one new feature added to it every month.
WhatsApp has now released some more features to enhance the way we chat and communicate online. They have introduced Rich Text chats, PDF file sharing from Google Drive, OnDrive & more features
Cochin Airport has now become World’s only airport which runs 100% on solar energy. This airport is India’s 7th most busiest airport, and by converting 100% into solar, they have actually set a brilliant example which can be emulated by other airports.
It is rather startling to see State Bank of India (SBI) taking strides in navigating to the digital world in a rather subtle but a sure shot way.
MobiKwik, one of the India’s largest independent mobile payments network has today announced a major foray into offline market. Aptly called “Explore Nearby”, this hyperlocal service from Mobikwik enables discovery of neighborhood stores, restaurants, cafes, etc. that accept their wallet payments.
Around 2,00,000 people have sought guidance on on YourDost, 10,000 people have registered themselves, and approximately 70,000 people decided to ditch the idea of suicide and live
Andhra Pradesh’s Chief Minister, N Chandrababu Naidu launched the first phase of the ‘Fiber Grid Project’ in Visakhapatnam, expected to deliver low cost internet broadband services to the people in AP.