Weekly Wrap-up: Idea-Vodafone Merger, HDFC Bank Robots, Budget Highlights & More…


It’s Monday morning and yet again 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 from last week!

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

Airtel is the first company in India to launch its payments bank, and Paytm is soon going to as well. Third in the line, India Post has received the payments bank license from the Reserve Bank of India(RBI) to start its commercial banking operations.

HDFC Bank has become 1st Bank to deploy robots or Humanoids to offer customer service. They have already removed 4,581 jobs across India, due to ‘improved efficiency’. As on December, 2017, HDFC reported 90,421 employees, which was 95,002 employees as of September 30, 2016.

Uber’s bike hailing service, UberMOTO, has made its way to the second city in India, Hyderabad. A few weeks back the company had dropped a hint of launching the service in the city of Nizams, and it has finally been launched today.

Led by COAI, private telecom operators (except Reliance Jio) have revolted against BSNL for re-launching limited fixed-mobile telephony, and allowing app-based calling services. COAI has approached Telecom Regulatory Authority of India (TRAI) and asked them to intervene, and immediately stop BSNL from offering this service.

Vodafone has confirmed that they are in talks with Aditya Birla Group for a possible merger with Idea Cellular. And if the talks are successful, then the new entity would be India’s largest telecom company with a massive market share of 36% (approximately)

The 2017 edition of Telecom Wars has begun, and the start has been fantastic, to say the least. While Jio and Airtel are fighting over misleading advertisements, and TRAI has been summoned to take action; Idea has unleashed an agenda based war against Jio by using advertisements.

Reserve Bank of India has removed such limits on cash withdrawals from ATM and bank counters. In a notification issued yesterday, RBI said, “Limits placed vide the circulars cited above on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate effect.”

MapMyIndia has launched a new product called Rover Bike is a discreet motorcycle tracker that once fitted to your bike, lets you see where it is in ‘real-time’ through a secure mobile app. Rover Bike keeps updating the live location on the maps, with the direction as well as the speed.

A lot of tech firms stood by the immigrants and launched campaigns against this ban imposed by President Donald Trump, while Uber did not speak against Trump’s ban and this upset a lot of customers and riders both, a lot of whom are immigrants.

Here are 9 announcements from entrepreneurs, startups which shows solidarity against Trump’s diktat to ban immigrants from entering US, and exhibit a rare unity against political establishment

Although we cannot give a magic pill for solving all these problems, here are three mind blowing brain hacks, which can help the cause a bit, and allow the entrepreneur to have a good memory, capabilities to control anger and to some extent, have a better health.

Finally at 11:00 am on 1st February 2017, the Union Budget 2017-18 got underway. Here are all the highlights of Union Budget 2017 that you should not miss!

As GST will hopefully get introduced, the prices of mobile phones could go up between 15 and 25% through 2017. The prices will vary depending upon the actual implementation of GST, but expect an increase in prices by the mid of this year.

Facebook has announced another minuscule but relevant change to your news feed. This tweak will allow you to see more authentic and timely stories so that at the end of the day you have caught up with your friends and loved ones.

Here are the important highlights from Union Budget for the business and finance sector, which every Entrepreneur should be aware of; besides highlights from tax changes, which will impact every tax-paying Indian citizen:

Another such instance has been reported, when cunning e-commerce businessmen lured and cheated their customer to the tune of Rs 5.12 lakh, and damaged the reputation of the whole industry.

As per reports coming in from credible sources, Facebook now wants to conquer the lucrative television advertisement market, and the first step already been taken. They are creating the platform which will enable them to lure advertisers away from TV channels, and inspire them to spend their dollars on their own platform.

Now, Tesla Motors, Inc, an electric car manufacturer led by Elon Musk, has renamed itself to Tesla, Inc. The official filing by the company read, “Effective February 1, 2017, Tesla Motors, Inc. amended each of its certificate of incorporation and its bylaws solely to reflect a change of its corporate name to “Tesla, Inc.”

DesiOPT, an Indian startup that helps students on F1 visa find jobs in the US, under T-Hub, has secured a deal with Uber to provide STEM (Science, Technology, Engineering and Mathematics) talent for a year starting January 2017.

In a huge blow to the incumbent telecom players who have taken TRAI to TDSAT (Telecom Disputes Settlement and Appellate Tribunal) complaining about Jio’s tariff plans, the Attorney General (AG) of India has ruled in favour of Reliance Jio.

Nobody said running a startup was easy. A startup’s life is marked by the thrill of the heady highs and rough lows. Of late, the Indian startup industry hit a bottleneck, with funds drying up, as investors have become more cautious about where to park their funds.

The biggest brands in the world are built upon a set of business ethics which have created an atmosphere of reliance and trust around their brands. In an already crowded market, where brands with similar offerings jostle for space and visibility, it is their business ethics which carry weight and help them to stand apart.

The company that developed the cheapest car in India, Tata Nano, is venturing into new areas driven by future technology and innovation. Tata Motors today presented its new Passenger Vehicle strategy and introduced its new sub-brand – TAMO.

In one of the major strikes against illegal, unauthorized usage of Aadhaar Card, Unique Identification Authority of India (UIDAI) has shut down 50 websites, applications which were offering Aadhaar Card based services, without any legal permission.

7 lakh people has just found that this fact as true as a company named Social Trade duped them of Rs 3700 crore. Noida police unearthed this scam involving multi-level marketing which used technical jargon of digital marketing world to lure customers into paying them heavy sums of money.

Amazon’s Indian subsidiary has filed an application with the Department of Industrial Policy and Promotion(DIPP) that will help it obtain the license to set up a retail chain in India. It will allow the company to stock up and sell locally produced food products directly from farmers.

In a statement released yesterday, Uber has clearly said that they are not breaking any law by offering ride-sharing services, and they will continue to offer this service in Bengaluru and other cities.

In their notification, Reserve Bank of India has said that usage of bitcoins can pose potential operational, financial, security related risks; and anyone using bitcoins will do so at their own risk.

According to official TRAI data, Jio added a whopping 16.26 million new connections in November 2016, taking their tally to over 51.8 million connections in less than 3 months of launch. The TRAI figures confirm the announcement made by Jio last year that they added 50 million subscribers in 83 days, which incidentally is a world record!

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