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Digest: Sam Pitroda, Ozone Media, Amazon & others

Prime Minister's advisor on innovation Sam Pitroda was said that the UPA government "messed up" and took some wrong decisions, including on Vodafone, reports The Economic Times. He said that the government's decision to retrospectively tax Vodafone spooked the global investor community, which saw it as an example of inconsistent policy. He also blamed the government for not having the political will to push through legislations. These are bold statements and it needs to be noted that he made them while speaking at a function organised by the Congress. The question however is, can the next government (no matter who comes to power) fix what has been done and build on the good policies to improve the investor environment in India? Rupee had crashed against the Dollar last year, but it has recovered substantially in 2014. Ozone Media sets up US office Ozone Media, India based digital technology company, announced the opening of a new office in Silicon Valley, California. It has set up a product and technology team there to explore new arenas in digital technologies, so that the company looks to enter its next phase of growth. It had recently moved beyond the ‘ad network’ space by launching a dynamic creative optimization product (DCO) called ‘Adadyn’. The company's founder Kiran Gopinath had told Medianama then that the the company scaled down operations in India after facing issues with cash flow. It had also tied-up with Facebook last year to offer ad inventory to its advertisers in India. It had…

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