Weekly Wrap-up: Flipkart Beats Amazon Sales, Jio 100M Users, ISRO Record & 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…

If this news is true, then it would be the biggest termination which Indian e-commerce has ever witnessed. As per conflicting reports coming in from various sources, it has been revealed that Snapdeal, India’s 3rd largest e-commerce portal, is all set to mass fire their employees to cut costs.

Google’s answer to Siri, and much more, Google Assistant has now started rolling out to Pixel devices on the latest Android Nougat update. The company made it clear that the new service will be available to mostly the Pixel devices and a few others.

Ministry Of Home Affairs, which oversees the internal security of the nation and domestic policy is an important interior ministry. However, it seems that hackers had found a way to hack this crucial portal for few hours on Sunday.

Govt. has identified 9 lakh firms out of 16 lakh registered businesses in India, which have never paid any income tax. And if we believe incoming reports, then strict action would be taken against them. Approximately Rs 1238 crore have been deposited within these 9 lakh companies between November-December, and Govt. is in no mood to give them any more chance.

As the protests in Delhi by Ola and Uber drivers intensifies, Jugnoo plans to enter the cab-hailing space, with a pilot in Gurugram. Most of the drivers in the capital are facing problems like low revenues, insane work hours and most importantly, no incentives.

Launched in 2014, Amazon’s Alexa is an intelligent personal assistant, will soon be launched in India. It is like having Google Assistant or Siri are home to control everything around you.

Starting today, on Google Maps, you can create lists of places, share your lists with others, and follow the lists your friends and family share with you – without ever leaving the Google Maps app (Android, iOS). You can save specific spots and share directly from the app.

NASA is said to be in talks with ISRO for India’s 1st Venus mission. As per a Wiki article, the name of the Venus mission has been proposed as Shukrayaan (Venus Ship), but no confirmation has arrived from ISRO regarding the naming of the mission.

The tsunami called Jio is continuing to wreak havoc across Indian telecom circle, and the latest casualties are Idea Cellular and Reliance Communication. Both of these telcos have reported their first ever loss in revenue and profits, and the total collective damage is Rs 914 crore.

The hidden scam of click advertising companies is slowly by gradually coming out. Latest in the series is another Noida-based company called Web Work Trade Link Private Limited, which has allegedly duped Rs 500 Crore from 2 lakh people.

Almost fifteen years down the line, HMD Global that is going to produce Nokia smartphones, including the iconic Nokia 3310, and introduce them in markets worldwide this year.

ISRO has done something which not only makes us even more proud, but also places us miles ahead of what other space agencies have ever done: We have made a world record by launching 104 satellites in one single go!

Amazon Web Services(AWS) has taken on this challenge by introducing Amazon Chime – a modern, fully-managed communications service from AWS that makes it easy for you to communicate with people inside and outside your organization using voice, video, and chat.

Chinese phone brands have literally conquered the Indian phone and smartphone market as they accounted for whopping 46% market share for the last quarter of 2016. And the direct result of this Chinese rise was the decrease in market share of Indian brands, as they sold 19% less units compared to last year.

Facebook has just moved an inch closer to your smart TV, and their quest for TV domination has just started. Facebook has confirmed that they would be launching dedicated apps for Apple TV, Samsung Smart TV and Amazon Fire TV, thereby enabling access of their video-rich platform to TV viewing audience as well.

According to reports by PTI and IANS, Reliance Jio has crossed 100 million subscribers, which is factually wrong. Trak.in spoke to a Jio representative, who confirmed that Jio is yet to cross 100 million mark and reports in this regards are wrong.

If we believe Akamai’s latest report on the State of Internet/Security, then IoT hacks can increase in the coming months. In fact, under DDoS (Distributed Denial of Service) attacks, IoT was the biggest target during Q4 of 2016.

Consolidating these crucial data points, in an anonymous mode, Truecaller has come out with their quarterly ‘TrueInsights Report’ for last quarter of 2016. And the facts unveiled clearly showcases the meteoric rise of Jio among Indian telecom users.

India’s largest bank: SBI is right now spearheading a massive partnership with other commercial banks to use blockchain technology as a medium to fight banking related frauds.

In another major push to encourage e-visa and to promote tourism in India, Govt. of India has announced a major scheme which will immensely help foreign tourists. Henceforth, all foreign tourists with e-visa shall get a free BSNL SIM Card, which would be loaded with Rs 50 talk time and 50 MB data.

Amazon has also sought approval from Department of Industrial Policy and Promotion(DIPP) to develop infrastructure, including warehouses and distribution facilities. The company is planning to sell locally-produced items as well since it will keep the costs down and help the Indian economy.

The leak of Moto G5 and G5 Plus was captured by Evan Blass, a well-known Twitter personality. The photos show that the smartphone will have a circular theme for the camera, like with the Moto Z and Z Plus smartphones launched last year.

For the two month period of December-January, Flipkart clocked sales of Rs 2600 crore, compared to Amazon India’s sales of Rs 2300 crore. This achievement comes at a time when Flipkart was condemned for handing over the reins to VC-backed management, as the founders withdrew from the decision-making process.

Govt. wants to rationalize this MDR, so that debit card transactions can come down, and consumers are encouraged to opt for more card payments. In a statement, RBI said, “MDR for debit cards for petrol/fuel shall be decided subsequently after the industry consultation process with oil ministry is completed..”

Tata Motors have partnered with Microsoft for bringing their advance Connected Vehicles Platform in India. In fact, the first such car from Tata Motors powered by connected vehicle technology would be unveiled at 87th Geneva International Motor Show on March 7, 2017.

While HDFC Bank’s Managing Director has launched a scathing attack on Paytm, Snapdeal is now reporting losses to the tune of Rs 160 crore month, and may soon merge with Paytm’s e-commerce business.

Google has decided to end the 30-second unskippable ads that appear before a video. According to The Verge, the company will release a new format of advertisements that will keep the viewers engaged.

While you are at it, do not forget to check out our up-to-date Indian Startup Funding & Investment Chart that gives you details on close to 3000 funding deals struck in India.

And if you prefer to check out only the most happening stories of the last week, make sure you subscribe to our weekly Trakin Tech Talks!

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