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

      –&

      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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    2. 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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    3. 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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    4. 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
    5. 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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    6. 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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    7. 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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    8. 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.

      Read Full Article
      Mentions: Altruist Group VAS
    9. 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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    10. 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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    11. 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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    12. Zomato acquires Lunchtime & Obedovat for $3.25M to enter Czech Republic & Slovakia

      &&

      Restaurant search and discovery service Zomato has acquired Czech Republic’s restaurant guide Lunchtime.cz and Slovakia’s restaurant guide Obedovat.sk for a combined amount of $3.25 million to enter the respective markets.

      Zomato mentions that the Lunchtime acquisition is already complete while the Obedovat acquisition is expected to be completed by end of September.

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    13. Eros International’s digital & ancillary revenues up 54.3% YoY to $10.8M in Q1-FY15

      ’&

      Eros International has reported digital and ancillary revenues of $10.8 million for the quarter ended June 30, 2014, registering a significant 54.3% increase from $7 million revenues in the same quarter last year. As always, the company however hasn’t disclosed revenues separately for the two segments, both of which include components of what might be defined as digital businesses.

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    14. Huffington Post to launch Indian edition in November with the Times of India group

      AOL-owned American news website The Huffington Post has officially announced its partnership with the Times of India group to launch the much delayed Indian edition of its news site. This will be the 12th International edition for Huffington Post which already offers dedicated editions for Brazil, Canada, Germany, Spain, France, Italy, Japan and Korea among others.

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    15. DeitY envisaged ‘Digital India’ gets a nod from the cabinet

      ‘’

      Department of Electronics and Information Technology (DeitY) envisaged programme ‘Digital India’ received an approval from the Cabinet yesterday. The programme will be implemented in phases from now till 2018 and will aim to ensure that all Government services are made available electronically and bring connectivity to every citizen.

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    16. GroupM revises ad spend growth estimate from 11.6% to 12.5%

      Media buying agency GroupM has revised its estimates of annual advertising expenditure growth for 2014 to 12.5% from 11.6%, released earlier this year. This revision is part of the agency’s global report This Year, Next Year (TYNY) 2014, and indicates an improved sentiment in the Indian market, and increased expectation of advertising spends. The report also projects that India, along with Brazil and Russia, as the fastest growing ad markets in the world.

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      Mentions: GroupM WPP
    17. Bombay Dyeing to foray into e-tailing; Will launch mobile apps

      Textile major Bombay Dyeing is foraying into e-commerce, reports the Times of India. Apparently, it will launch a mobile-friendly online platform and mobile apps within the next two months.

      The company had executed a soft launch of its website (mybombaydyeing.com) a month-and-a-half ago. Bombay Dyeing’s bed and bathroom products range is already available on other e-tail platforms like, Flipkart, Jabong, and FabFurnish, among others.

      Read Full Article
    18. On contradictory reports on TRAI consultation on Internet Services Regulation

      Over the past few days, we’ve received mails and messages from our readers, inquiring about why we haven’t written about the Telecom Regulatory Authority of India reportedly deciding to shelve plans for a Consultation Paper on a regulatory framework for Internet Services in India.

      Read Full Article
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