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Data

– Rs 22,360 Cr transacted using IMPS in April 2016

Earnings Mar-16

– Spice Mobility’s revenues continue to slide to Rs 380 crore in Q4 FY16
– MakeMyTrip losses at $50M in Q4 FY16; hotel bookings 54% of total revenues
– Ortel had over 7 lakh subscribers across biz at the end of Q4 FY16
– Vodafone’s 3G connections rise 41.4% to 27.4 million in Q4 FY16; 4G base at 4 lakh

Other Updates:

– Govt amends Patent rules to fast-track proposals
– IBM deploys smart water, energy & security management systems at Rashtrapati Bhavan
– Internet Digest: Google, Paytm, Shopmatic, Klozee & more
– Funding Roundup: MotoMojo, Unbxd, Prescribez, Niki & more

– Facebook co-founder Saverin’s B Capital Group raises $143.6 mln for venture fund
– Uber to cap surge prices in Delhi as per Govt regulations
– Amazon India ties up with textile ministry to train weavers and list handloom products
– Flipkart’s logistics arm Ekart launches courier service

– TRAI’s new Net Neutrality consultation takes another look at Airtel Zero, Gigato models
– Ola gets a zone for its cars and users at the Bangalore airport; implications
– Truecaller’s updated filtering algorithm has regional spam lists
– Funding Roundup: Smartivity, MUrgency, Blinge & more

– Updated: On Maneka Gandhi saying that online trolling of women will be treated as violence
– Singapore Telemedia to acquire 74% stake in Tata’s data centre business
– Uber halts bike taxi service in Bangalore; may relaunch in the future
– Microsoft & SAP partnership to offer product integrated cloud solutions

– Google I/O 2016 Lowdown: Android N, Instant Apps, Virtual Assistant, VR & more
– Live blog: Apple CEO Tim Cook in India
– Google I/O 2016: What Google is doing to compete with Amazon, Facebook & Apple
– Digital news & media startup FactorDaily raises $1 million

– Lack of attribution undercuts artist revenue in digital audio music – SpicyIP
– Microsoft sells Nokia’s feature phone business to FIH Mobile
– LYF smartphones accounted for 7% of overall shipments in Q4 FY16: IDC
– India’s Electronic Health Records standards cover ownership, preservation, access to health records and more

– Industry Moves: Flipkart, Paytm, Nokia, PayU and Criteo
– Digital Payments roundup: TechProcess Payment, SBI Buddy Wallet and FINO Paytech
– Google users can now buy products through image search ads
– EduPristine raises $10 million in funding; Accel exits

– Jugnoo to focus on Tier II cities for hyperlocal delivery business
– COAI asks TRAI to scrap its Net Neutrality regulation; Full text of letter
– Why MTNL should open up to Ola, Paytm and others as Virtual Network Operators
– SEBI fines company for acting as investment advisors on WhatsApp without registration

– Tata to launch ecommerce marketplace CLiQ this month
– Naukri: Hiring in IT sector up 19% in April 2016
– Google Chrome is planning to shift away from Flash
– Facebook’s ad network for third parties will extend to desktop as well

– Google Spaces review: Falls short of Facebook, Slack and WhatsApp
– Internet shut down in Azamgarh due to riots; a brief history
– Google Play Store will allow users to test beta versions of apps
– CCI to look into cashbacks models for predatory pricing: report

– MNC’s like Google, Facebook and Apple should be told to list in India – Ravi Mantha
– IAMAI paper calls for mandated minimum encryption strength from Govt
– Xiaomi’s thin patent portfolio causes it to run into patent litigations – SpicyIP
– What Amazon wanted from India’s FDI in Ecommerce policy

– What we’re reading: Bitcoin, HTTPS, media, Facebook, ad blockers, startups, Apple Music & more
– Golden Gaming launches intranet sports betting centre in Sikkim
– YouTube adds messaging feature on app to increase sharing
– FoodFood sells majority stake to Discovery Channel

– Funding Roundup: Unacademy, Dreamwallets, Wow Express & more
– PayU and Oxigen get RBI nod for setting up Bharat Bill Payments Operating Unit
– Industry Moves: Network 18, Facebook, Adstream India and ITV network
– 4G customers blow through their (data) allowances faster – Airtel CEO Gopal Vittal

– PayPal’s pay later option accounts for $1.62 billion or 2% of its total payment volume in Q1 2016
– Govt paid Rs 122 crore to village level entrepreneurs as commission under CSC scheme
– Amazon US owns minority stake in Indian seller Cloudtail: report
– Google & RailTel’s WiFi now has 300,000 weekly users

Useful Lists:

– Deals: VC, PE & M&A In Internet, Mobile, Media in India
– Short Code Services in India
– Circlewise List Of Telecom Operators in India
– Statewise Broadband Subscribers In India
– Digital Payment Companies in India
– Advertising Networks in India