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Weekly Digest (03rd-10th June 2016)

MediaNama would like to thank its sponsors: Espn, Spiral, Times Internet and E2E for their support. Other Updates: - Private: TRAI initiates consultation paper on cloud computing - Line to go public in Tokyo & New York; to raise over $1B in dual IPO - Wonobo’s consumer facing “street view” website now inactive - Moves digest: Truecaller, Paytm and Twitter - Ola Money partners with eBay, YepMe and AskmeBazaar - What we’re reading: On ISPs, online advertising, Uber & more - FremantleMedia to stream its Facebook series in audio on Saavn - Funding Roundup: CreditVidya, ListUp, 6Degree & more - Google Street View struck down by Indian Govt for security reasons: Report - Paytm clarifies that its wallet cannot be used to pay for Uber rides abroad - Zomato’s updated algorithm will weed out biased reviews retroactively - Flipkart promotes Peeyush Ranjan as group chief technology officer - MTNL appoints PK Purwar as Chairman & Managing Director - Data bills are rising due to video ads but consumers are unaware: Study - HDFC Bank launches Ultracash for mobile proximity payments - What we’re reading: On the internet, ecommerce, AI, the media & more - Rakuten hires Infibeam’s Sachin Dalal as India Head - Monster Worldwide acquires Jobr; refocuses its efforts on mobile - Updated: Uber users can now stream songs from Gaana during rides - Apple pushing subscriptions for apps; introduces ads on App Store search - How not to get conned by fake software audits – Pricebaba - SBI blocks wallets from using net banking to load money due to online fraud - StoreKing raises $16M from Axiata Digital to expand retailer…

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