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    1. English daily DNA abruptly shuts its Bangalore & Pune editions

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      We missed this earlier: Essel group company Diligent Media Corporation that publishes the English daily newspaper ‘DNA‘ seems to have abruptly shut down its Bangalore edition earlier this month.

      This shutdown was announced by DNA Bangalore on its official Twitter account on August 12 and the last edition was apparently published on the Independence day (August 15).

      DNA Bangalore has shut down. So you might as well unfollow this account. This account will be deactivated in a day. Ciao.

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    2. MTV India launches a fitness and healthy living web series called Get Fit

      MTV India has launched a web series called Get Fit, with national Muay Thai champion Bala Shetty and VJ Bani J providing fitness and healthy living tips. The website currently has eight videos in an equal number of categories.

      Categories are divided into healthy lifestyle, perfect arms and legs, eat healthy, lose 2 inches asap, workout from home, survive a street fight, train for a marathon and lose 5kgs in 2 weeks with a corresponding video that is less than 10 minutes long.

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      Mentions: MTV India
    3. Layoffs at Onmobile as new management seeks profitability

      BSE listed Mobile VAS company Onmobile Global is laying off employees in Bangalore, in a bid to become profitable by the end of the financial year (ending 31st March 2015). The new board and management team is narrowing its focus to a few sub-segments of its business, multiple employees have told MediaNama, and it appears that the investor group has taken board and management control of the company.

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      Mentions: Mobile VAS OnMobile
    4. Junglee adds Jabong, Myntra, Lenskart, BabyOye, Zansaar & more as sellers

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      Amazon’s price comparison site Junglee.com, which had introduced direct purchases via its website earlier this year in May, has added a number of e-commerce platforms, including Jabong, Myntra, Lenskart, BabyOye, Zansaar, and HealthKart among others as sellers. Initially, the service was being used mostly by small retailers, besides Amazon.in.

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    5. New TRAI regulation likely to lead to lower international call rates

      In a move that is likely to force mobile network operators to lower international roaming rates, the telecom regulator TRAI has fixed the access charges payable by International Long Distance Operators (ILDOs) to the local mobile network operators for international calls at 40 paisa per minute for wireless services and Rs 1.20 per minute for wireline services.

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    6. Meru Cabs: usage of foreign payment gateways violated RBI guidelines, FEMA rules

      In a blog post, Siddhartha Pahwa, CEO of Meru Cabs, has said that the company would like to collaborate with others in the industry to figure out improving the payment experience without compromising safety norms of using cards online. “For example, RBI may come up with a guideline that no additional factor of authentication would be required for transactions below Rs. 2000 and up to a max of 3 transactions in a day,” Pahwa said in a blog post on the Meru Cabs blog.

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    7. E-commerce logistics company Holisol Logistics raises $1.5M investment

      Delhi-based e-commerce logistics solution provider Holisol Logistics has received $1.5 million investment from oil and gas professional Sundeep Bhandari through his company Datavision, reports the Economic Times.

      The firm will use the money to expand its business and extend its operational facilities in Tier 2 and Tier 3 cities.

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    8. Uber may still be able to use a foreign payment gateway in India – Arkay & Arkay

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      by Pallav Narang, Arkay & Arkay (Chartered Accountants)

      (note: This is a follow up to the Reserve Bank of India notification regarding the usage of foreign payment gateways for goods and services rendered within India)

      This notification is significant, and there are already concerns in the tech community that this notification may affect the Indian businesses of service providers such as Uber, Amazon, Google Play, Apple App Store etc.

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    9. WhatsApp claims to have close to 65M monthly active users in India

      Mobile messaging app WhatsApp has close to 65 million monthly active users in India, says WhatsApp business head Neeraj Arora in an interview to BGR.in.

      This is up from 50 million monthly active users in May this year, indicating that the company has added around 15 million MAUs in the past three months. Note that India is the largest market for WhatsApp which claims to have 600 million monthly active users worldwide.

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    10. Spice launches Firefox OS smartphone Fire One Mi-FX 1, priced at Rs 2,299

      Low-cost smartphone manufacturer Spice Mobiles has launched a Firefox OS-powered smartphone, Fire One Mi-FX 1. The phone is priced at Rs 2299 and will be sold exclusively through Snapdeal from August 29. Earlier this year Mozilla had revealed that it had inked deals with Indian OEMs Spice and Intex, to introduced ‘ultra low-cost’ devices in the country. Intex is expected to launch its Firefox device today, which is apparently priced under Rs 2000.

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    11. Online relocation service provider EZMove raises Rs 1 Cr angel funding

      Pune-based online relocation services aggregator EZMove has raised Rs 1 crore in angel investment from a group of investors across Europe, US and India.

      While the investors were undisclosed, a The Economic Times report suggests that the investors include industrialist Hemant Bharatram and Chicago-based Purvi Capital co-founder Ravi Srivastava who have invested in their personal capacity.

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      Mentions: Economic Times
    12. New RBI restrictions will impact your international online purchases

      The Reserve Bank of India yesterday mandated that entities that route online billing internationally, for goods and services purchased online using Indian cards, need to include a second factor of authentication, and route transactions through a bank in India. Services such a Uber, Amazon, Google Play, Apple App Store, international e-commerce stores like Alibaba, among others, were side-stepping norms applicable to Indian payment gateways.

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    13. Weekly Digest (15th-22nd August 2014)

      MediaNama would like to thank its sponsors: Spice Digital, Antfarm, Getit, Google, Naukri and E2E for their support.

      Data

      - June 2014: 795.61M Active Mobile Connections In India; BSNL Loses 2.14M Connections

      Earnings-June14

      - Eros International’s digital & ancillary revenues up 54.3% YoY to $10.8M in Q1-FY15 - Money on Mobile revenue up 35% QoQ to $39.7M in Q1-FY15 - Eros International Q1-FY15 profit up 22.2% YoY to Rs 35.8 Cr; Revenue up 26% YoY - 23% transactions on Rediff’s marketplace were through mobile; $3.47M loss in Q1-FY15

      - Genesys Net Profits Down 76% YoY to Rs ...

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    14. OnMobile Global chairman HH Haight resigns

      HH Haight has resigned as OnMobile Global chairman and board director with effect from August 20, 2014, the company has informed BSE.

      Haight mentions that this resignation is due to his retirement from a management role with certain investors in the company. Note that Haight is the founder and CEO of Argo Capital that owns 74.7% of the voting share capital in OnMobile Global’s largest shareholder Onmobile Systems.

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    15. Bubbly getting acquired by Indian mobile VAS company Altruist Group

      Singapore-based social voice messaging company Bubbly (formerly known as Bubble Motion) has been acquired for an undisclosed amount by India-based mobile VAS company Altruist Group, reports TechInAsia.

      Last week, TechInAsia had reported that it had learnt from sources that Bubbly was on the verge of liquidation, after a few acquisitions deals failed to work out. Also, it seems Bubbly had carried out the due diligence process a number of times in the past nine months, anticipating acquisitions.

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      Mentions: Altruist Group VAS
    16. June 2014: 795.61M Active Mobile Connections In India; BSNL Loses 2.14M Connections

      According to the Indian telecom regulator TRAI, India added 5.05 million “active” connections during the month of June 2014, while it added 4.76 million total connections during the month. This indicates that several users who hadn’t been using their extra SIM card, began using it since the call rates have gone up and the propensity to use an additional SIM for cheaper calls might have increased.

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    17. Policybazaar ventures into financial advisory services with Paisabazaar.com

      eTechAces Marketing and Consulting, which operates the online insurance policy aggregator Policybazaar, has launched a financial advisory services platform called PaisaBazaar, reports Techcircle. The platform will look to sell loans, credit cards, gold funds, mutual funds, exchange-traded funds and corporate deposits.

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    18. Times Internet’s ALIVE now lets users create interactive wedding card invitations

      Times Internet’s augmented reality app ALIVE has launched ALIVE Wedding Cards, which lets users create interactive wedding card invitations. Users can add details like, venue locator using Google Maps and wedding date reminder. Plus, multimedia content like, background music and templates to the wedding card.

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