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    1. The problem with Meity & DoT urging handset manufacturers to preload BHIM App

      The problem with Meity & DoT urging handset manufacturers to preload BHIM App

      Mobile manufacturers and the Indian Cellular Association – an industry group representing mobile manufacturers – have been urged to pre-load NPCI’s BHIM application, in a meeting with the secretaries of MEITY and Department of Telecom, as per a tweet from Ajay Kumar, Additional Secretary of MEITY. The meeting, according to the tweet, took place on 11th of September.

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    2. Get My Parking secures series A funding of $3mn

      Get My Parking secures series A funding of $3mn

      Smart parking startup Get My Parking has raised Series A funding of $3 million (Rs. 19.20 crores) from its existing investors IAN Fund, BEENEXT, and Indian Angel Network.

      The startup will use the capital to upgrade its Internet of Things (IoT) platform, and strengthen its business. The Delhi and Bangalore headquartered Get My Parking said in a statement that it is set to offer its services in 15 countries via contractual partners, and it has already running pilots in Taiwan and Indonesia.

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    3. Airtel will to identify, monitor and deliver network improvements based in individual devices; Privacy?

      Airtel will to identify, monitor and deliver network improvements based in individual devices; Privacy?

      An indication of where Airtel wants to go with its business now, is possibly something it has announced this morning: a “strategic partnership” with SK Telecom, one of South Korea’s largest chaebols. The focus of the partnership, as per the announcement is on improving its network based on individual devices.

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    4. Matrimony.com IPO subscribed 1.36 times at the end of Day 2

      Matrimony.com IPO subscribed 1.36 times at the end of Day 2

      The initial price offering (IPO) for Matrimony was subscribed 1.36 times at the end of the second day, according to data on the Bombay Stock Exchange. The bids at the end of Day 2:

      • Total bids from Retail Investors were 2,535,150, for 509,890 shares offered to them. This is oversubscribed, at around 4.97 times.
      • Qualified Institutional Buyers bid for 1,267,500 shares, around 83% of the 1,530,905 shares reserved for them. This is the same as the first day.
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    5. What we know so far and what it should look into

      What we know so far and what it should look into

      There’s a new telecom policy that is expected around March 2018, but what it appears, it isn’t really about telecom. The focus is going to be on enabling Internet access, and buzz that we hear is that this is as much an Internet policy as it is a telecom policy. Typically, the New Telecom Policy isn’t a directive: it’s more of a set of guidelines and approaches, and specific regulators are made around that.

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    6. Bobby Ghosh resigns as editor-in-chief of Hindustan Times

      Bobby Ghosh resigns as editor-in-chief of Hindustan Times

      Bobby Ghosh, the editor-in-chief, of Hindustan Times has quit the organization for “personal reasons” and will be returning to New York. The news was broken through an email to staff by the chairperson of HT Media Shobhana Bhartia.

      She added that Ghosh agreed to stay on “for a while” in his capacity as editor-in-chief to help with the process of transition and complete the projects he had launched.

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    7. Ecommerce biz down 27% YoY for Gati; shifting to larger appliances

      Ecommerce biz down 27% YoY for Gati; shifting to larger appliances

      Cash on Delivery is now up to around 60% of ecommerce deliveries for logistics player Gati, up from 50% last quarter. While the effect of demonetization on the business has worn off, Bala Agnihotri, Deputy MD at Gati said on the earnings conference call, that there is a residual effect: “The COD residual effect of demonetization is the change of COD business that has come down. If you remember previously we used to share with you numbers of 70%-80%. It is now stabilized”, at “around 60%.

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      Mentions: GST
    8. BHIM saw 6.8M transactions in August 2017 accounting for 41% of UPI payments

      BHIM saw 6.8M transactions in August 2017 accounting for 41% of UPI payments

      The Bharat Interface for Money (BHIM) UPI app saw transactions of 6.8 million for the month of August 107, and transactions worth Rs 1,898.6 crore. There were 16.6 million UPI transactions in August, with Rs 4,127 crore being transacted. Thus, BHIM processed 41% of all UPI transactions and accounted for 46% of the amount transacted in August.

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    9. Netflix India peering update: Jio installs caches, Netflix peers with another Mumbai exchange

      Netflix India peering update: Jio installs caches, Netflix peers with another Mumbai exchange

      Jio has installed Netflix Open Connect Appliances in Mumbai and Chennai, MediaNama has learnt. OCAs are proprietary caches made by Netflix which store popular content within an ISP’s network itself. Netflix ships these devices to any ISP that requests them who meets certain eligibility criteria, like number of Netflix subscribers in a particular region. Netflix first started rolling out OCAs in India earlier this year.

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    10. Facebook to spend $1bn to bring original video shows by next year: Reports

      Facebook to spend $1bn to bring original video shows by next year: Reports

      In a step closer to become a television-like, Facebook is looking to spend $1 billion to on original video content, and becoming an exclusive TV hub by next year, according to The Wall Street Journal. Last month Facebook had launched Facebook Watch (in the US), which features original programming financed by Facebook, alongside videos from other creators.

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    11. Gang held for counterfeiting Aadhaar cards was cloning fingerprints; Our Take

      Ten members of a gang that was counterfeiting Aadhaar Cards were been arrested by the police in Uttar Pradesh, reports NDTV. The gang was led by Saurabh Singh from Kanpur. We couldn’t find a note on this on the UP Police website or twitter handle.

      According to a note we’ve seen (the same as this), albeit unvalidated, the group had used biometric devices to get the fingerprint of authorised operators.

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    12. Here are the implications on the RBI notification on MDR for govt transactions

      Here are the implications on the RBI notification on MDR for govt transactions

      There is some confusion for the government’s drive for increasing card transactions. The Reserve Bank of India (RBI) has instructed banks not to deduct MDR charges from government receipts and that they should remit the full amount paid to the government by card customers to the concerned government and ministry. MDR is an interbank fee levied on merchants for facilitating a card transaction.

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    13. Something unusual about the Internet Shutdown in Jaipur over the weekend

      Something unusual about the Internet Shutdown in Jaipur over the weekend

      The Internet was shut down in Jaipur in Rajasthan, for the weekend, from 6AM on Saturday to 11.59 PM on Sunday, “to check rumours from spreading”, following the instance of a traffic scuffle escalating to a conflict between police and citizens in an area, reports the Indian Express. The order has been issued by the district administration, as per the report. The Financial Express adds that the ban hasn’t been lifted in its entirety: it remains for 14 of 64 police stations.

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    14. Ecom Express secures investment of Rs 192 crore from Warburg Pincus: Report

      Ecom Express secures investment of Rs 192 crore from Warburg Pincus: Report

      E-commerce logistics solutions provider Ecom Express has raised Rs 192 crore from its existing investor Warburg Pincus, reports The Economic Times. The publication further reports that the investment was made through the private equity firm’s unit Eaglebay Investment. The development comes ahead of  upcoming festive season, which is expected to boost ecommerce shipping in the country.

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    15. SEBI instructs crowdfunding platforms to include disclaimers on investments

      SEBI instructs crowdfunding platforms to include disclaimers on investments

      The Securities and Exchange Board of India (SEBI) has issued another warning on crowdfunding, but this time it was directed at angel investor networks and start-up funding platforms, reports Mint. In a notice to these companies, SEBI directed them to include a disclaimer which says that crowdfunding platforms are neither stock exchanges nor authorized by the capital markets regulator to solicit investments.

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      Mentions: Sebi
    16. Vikas Singh appointed MD of Pearson India

      Vikas Singh appointed MD of Pearson India

      Vikas Singh has been appointed the new Managing Director of Pearson in India. Prior to this appointment, Singh was heading Higher Education and Test Preparation for Pearson, one of its key verticals. He has around 25 years of experience, and has also worked with organisations like Lakme, Gillette, Hutch and Airtel. Prior to joining Pearson India, he was the MD of Kimberly Clark, heading their Indian operations.

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    17. Top 10 stories of the week: September 4th to 10th September

      Top 10 stories of the week: September 4th to 10th September

      In no particular order, here are MediaNama’s top 10 stories of the week ended 10th September 2017

      MediaNama would like to thank its sponsors: E2E for their support.

      JioFi accounted for 91% of the data card market in Q2 2017: CMR

      Reliance Jio is trying to dominate the 4G segment in every means possible. It already claims to have over 120 million 4G users as of June 2017, which is the largest 4G-only base in India.

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    18. Amazon India opens its 41st fulfilment centre in Hyderabad

      Amazon India opens its 41st fulfilment centre in Hyderabad

      Amazon India has opened its 41st fulfilment centre (FC) in Hyderabad as it increases its capacity for the upcoming festive season. The company says that the new FC is its largest in the country with covers over 400,000 sq ft with close to 2.10 million cubic ft and is located in Rajiv Gandhi International Airport, as reported by Moneycontrol.

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    19. Apple Music gets Radio City 91.1FM onboard

      Apple Music gets Radio City 91.1FM onboard

      Jagran Prakashan Limited-owned Radio City 91.1FM has tied up with Apple Music to offer its listeners curated playlists with more Bollywood and regional music, reports IANS. The playlists would be inspired by Radio City’s popular shows -Love Guru, Radio City Top 25,Suno Na Dilli and Kasa Kaay Mumbai. Two other thematic playlists will include Flashback Cassette and Chillout Zone.

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    20. TRAI’s M2M recommendations: Licenses, Privacy, Entry Fee, Spectrum sharing & more

      TRAI’s M2M recommendations: Licenses, Privacy, Entry Fee, Spectrum sharing & more

      All existing telecom service providers can be allowed to provide Machine-to-Machine (M2M) or IoT solutions within their specified circle of operations, telecom regulator TRAI said in its recommendations. License holders can use existing spectrum to provide IoT services while TRAI is also considering de-licensing spectrum under the 867-868 MHz,  915-935 MHz and 57-64 GHz bands for M2M and IoT.

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    21. What India can learn from credit ratings agency Equifax’s data breach

      What India can learn from credit ratings agency Equifax’s data breach

      American credit rating agency Equifax disclosed today that a vulnerability in one of its web applications has led to the leak of around 143 million Americans’ social security numbers being compromised. The leak comprises millions of Americans’ Social Security Numbers (SSNs), driving license numbers, and a couple hundred thousand credit card numbers, among other documents. The breach occurred from May to July, the company said.

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