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    1. Telcos to TRAI: Differential tariffs enhance consumer welfare, cause no harm

      Telcos to TRAI: Differential tariffs enhance consumer welfare, cause no harm

      Part II: In this three part series (Parts I & III), we take a look at the TRAI’s ruling on differential pricing in India. Yesterday, TRAI, India’s telecom and internet regulator, prohibited discriminatory tariffs for data services under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997). Here are the key takeaways of the paper (pdf):

      Stakeholder comments to TRAI’s consultation paper:

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      Mentions: Trai USO Nofn
    2. Tariff regulation was affected coz of discrimination & non-transparency

      Tariff regulation was affected coz of discrimination & non-transparency

      Part I: In this three part series (Parts II & III), we take a look at the TRAI’s ruling on differential pricing in India. Yesterday, TRAI, India’s telecom and internet regulator, prohibited discriminatory tariffs for data services under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997). Here are the key takeaways of the paper (pdf):

      The main rulings against price discrimination:

      Read Full Article
      Mentions: Trai
    3. TRAI on differential pricing: The use of internet should advance free speech

      TRAI on differential pricing: The use of internet should advance free speech

      Part III: In this three part series (Parts I & II here), we take a look at the TRAI’s ruling on differential pricing in India. Yesterday, TRAI, India’s telecom and internet regulator, prohibited discriminatory tariffs for data services under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997). Here are the key takeaways of the paper (pdf):

      TRAI’s understanding of the issues it raised:

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      Mentions: Trai
    4. Delhi Police to use predictive policing in partnership with ISRO

      Delhi Police to use predictive policing in partnership with ISRO

      The Delhi Police will start using a ‘predictive policing’ mechanism in partnership with the Indian Space Research Organisation (ISRO), reports Huffington Post. According to the cops, the system will help crime control and law and order and security management through analysis of relevant data and patterns.

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    5. Cisco acquires IoT services provider Jasper for $1.4 billion

      Cisco acquires IoT services provider Jasper for $1.4 billion

      Cisco has acquired the IoT services platform provider Jasper for $1.4 billion reports Techcrunch. Post acquisition, Jasper will continue to operate as usual, while its founder & CEO Jahangir Mohammad, will lead Cisco’s newly formed IoT software business unit under Rowan Trollope, IoT and collaboration SVP/GM. The deal is expected to close later this year and is subject to regulatory approval.

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    6. Logistics co Xpressbees raises $8 million from SAIF Partners and Vertex Ventures

      Logistics co Xpressbees raises $8 million from SAIF Partners and Vertex Ventures

      Logistics company Xpressbees  has raised $8 million in a round of funding from SAIF Partners and Vertex Ventures, the venture capital arm of Singapore government’s investment company Temasek, reports the Times of India. Expressbees is also the logistics arm of baby products e-commerce site FirstCry.

      Both SAIF Partners and Vertex Ventures are also investors in FirstCry.

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    7. Funding roundup: LocalCircles, Power2SME, Applicate & more

      Funding roundup: LocalCircles, Power2SME, Applicate & more

      LocalCircles raises undisclosed amount of funding

      LocalCircles, a Noida-based citizen engagement platform has raised an undisclosed amount of funding from Puneet Dalmia. The fresh funds raised will be used towards LocalCircles’ Social Media 2.0 product offering. LocalCircles was founded in 2012 by Sachin Taparia, Abhishek Gupta, Mukesh Gupta and K Yatish Rajawat.

      • **
      • Power2SME raises funding to expand product portfolio

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    8. Zomato’s chief product officer Tanmay Saksena quits the company

      Zomato’s chief product officer Tanmay Saksena quits the company

      Tanmay Saksena, chief product officer of Zomato has quit the company, reports Mint. Zomato confirmed the development to MediaNama and issued a statement, “Tanmay headed our online ordering until the end of October 2015. Since then, Zomato’s co-founder Pankaj Chaddah has been running the online ordering business. Under Pankaj, we have seen the number of orders per day quadruple over the last three months. Tanmay was one of our best people, and we are sad to see him go.

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    9. Indian Oil petrol pumps now accept payments through Paytm in Delhi

      Indian Oil petrol pumps now accept payments through Paytm in Delhi

      Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook.

      Mobile commerce company Paytm has tied up with Indian Oil (IOCL) to let users pay for vehicle fuel at petrol pumps through Paytm wallets in Delhi. The company expects to roll out this service across all of IOCL’s Delhi petrol pumps and select pumps in other metros by the end of this month.

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    10. ‘Mutual friends on Facebook’ presented as evidence in insider trading case by SEBI

      ‘Mutual friends on Facebook’ presented as evidence in insider trading case by SEBI

      The Securities and Exchange Board of India (SEBI) presented ‘mututal friends on Facebook’ as evidence to establish a connection between suspected individuals indulging in an insider trading case. SEBI frequently keeps tabs on social media of  suspected individuals as part of the investigation, but this is the first case where it was presented as evidence.

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      Mentions: Sebi SMS PSI
    11. WhatsApp joins the billion user club; 250M videos shared daily

      WhatsApp joins the billion user club; 250M videos shared daily

      Facebook owned messaging service WhatsApp has crossed 1 billion monthly active users (MAUs), Jan Koum, cofounder and CEO of WhatsApp announced in a Facebook post. In comparison, Facebook had 1.59 billion MAUs as of 31 December 2015. Koum added that 42 billion messages were sent, along with 1.6 billion photos and 250 million videos every day. WhatsApp also has 1 billion groups on it.

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    12. Quick Heal IPO looks to raise around Rs 450Cr; Sequoia Capital to offload 5.4% of shares

      Quick Heal IPO looks to raise around Rs 450Cr; Sequoia Capital to offload 5.4% of shares

      Software security firm Quick Heal is looking to raise Rs 450 crore through an initial public offering. The price band for the IPO has been set at Rs 311 to Rs 321. ICICI Securities, Jefferies and JP Morgan are the investment bankers managing the issue. The issue opens on February 8 and the face value of each share is Rs 10.

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    13. Uber delists 60 drivers in Pune for doing trips without passengers

      Uber delists 60 drivers in Pune for doing trips without passengers

      Online cab aggregator Uber (which recently changed its logo) has delisted as many as 60 drivers in Pune after they were found doing ghost rides to ensure that they got their full weekly incentive and reimbursements. MediaNama spoke with several drivers who said that the delisted drivers were picking up ghost passengers: starting a trip without a real passenger in their cab, and driving the car around the city (anything between 2-8kms) and then ending the trip.

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      Mentions: Uber OLA
    14. Google says no to ad-blockers on the Play Store

      Google says no to ad-blockers on the Play Store

      Google has started blocking ad-blockers from the Play Store, reports Techcrunch. More specifically, the company will allow browsers that feature ad-blocking capabilities (like the Adblock browser), or browsers than enable this feature via extensions (like Firefox, Dolphin etc.), but will block adblocking extensions if distributed over the Play Store.

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    15. Truebil raises $5M from multiple investors; to launch car recommendations

      Truebil raises $5M from multiple investors; to launch car recommendations

      Mumbai based Truebil, an online marketplace for used cars, has raised Series A funding worth Rs 35 crore (a little over $5 million) from Kalaari Capital, Inventus Capital and San Francisco-based Tekton Ventures, with participation from existing investor Kae Capital, reports ET. It will use the funding on product and technology and expanding to Delhi, Bangalore, Chennai and Hyderabad.

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    16. A year later, Airtel still does not see VoIP cannibalization

      A year later, Airtel still does not see VoIP cannibalization

      Answering a query from analysts, Airtel managing director CEO for India and South Asia, Gopal Vittal said that company still does not see any evidence of VoIP eating into voice revenues.

      “We have not seen any evidence of that in any city as yet. There is some cannibalization, but it is not material at an aggregate. So that’s why voice volumes continue to grow. In 3-5 years, it will be difficult to say what will happen. We haven’t seen any early signs of it yet,” Vittal said.

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    17. Alipay and Paytm customers can make purchases on each other’s platforms

      Alipay and Paytm customers can make purchases on each other’s platforms

      Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook.

      Paytm and Alibaba have entered into a commercial agreement to allow Paytm to deploy Alipay’s technology via AliCloud. The agreement will allow both firms to integrate their existing platforms to work with each other, reports Mint.

      A Paytm spokesperson confirmed the development to MediaNama.

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    18. YouTube Red to premiere its original content next week

      YouTube Red to premiere its original content next week

      “YouTube Red is taking its first step into streaming’s original programming wars in one week,” is how The Verge started an article on YouTube announcing the launch of its first first original content premiere. On February 10, YouTube Red, a new $10/month service from YouTube where users can watch videos without ads, original content and listen to music in the US, will stream 3 feature length movies and a video from YouTube sensation PewDiePie.

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    19. Intrasoft raises 34.5 crore by offloading shares; Q3FY16 revenues at Rs 259 crore

      Intrasoft raises 34.5 crore by offloading shares; Q3FY16 revenues at Rs 259 crore

      Intrasoft Technologies, the parent of 123greetings, has raised Rs 34.5 crore by selling 1.2 million shares at a rate of Rs 288 per share, the company informed the BSE. The company will use the funds for expansion and growth activities related to its ecommerce business.

      The entire number of equity shares held by the Intrasoft Beneficiary Trust has been sold and now the Trust does not hold any further shares of the Company.

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