In no particular order, here are MediaNama’s top 10 stories of the week ended 10th July 2016
MediaNama would like to thank its sponsors: Espn, Times Internet and E2E for their support.
– OYO Rooms raises fresh money through rights issue
Budget hotel aggregator OYO Rooms is planning to raise Rs 413 crore by a proposed rights issue of shares to its current shareholders, according to the documents it filed with the Registrar of Companies. The company is also planning to buy back shares worth Rs 60 crore from some of its investors. The Economic Times reported the story first. Read it here.
– The TRAI needs to revisit VAS fraud regulations
It was fairly common a few years ago for citizens to get billed for services without consent: I remember waking up one morning to see a notification of having been charged Rs 99 for apparently downloading an animation at 3am, while asleep. On another occasion, an extra connection, which wasn’t checked very often, was been charged Rs 30 per month for job alerts. Read it here.
– Offline is the new online: Facebook to test saving videos on app for offline viewing
Facebook is piloting an offline video viewing feature in India, by letting users save videos within its mobile app, reports TechCrunch. The pilot will go live on July 11thfor a select number of users in India; users can view downloaded videos by launching the Facebook app, but they will not be allowed to save videos on the phone’s memory. Read it here.
– Amazon to open six more fulfillment centres in India
Amazon India will open six more fulfillment centres (FCs) in Chennai, Mumbai, Delhi and Jaipur to expand its presence in India and prepare for the upcoming festival season. The FCs will allow Amazon.in to offer its Fulfilment by Amazon (FBA) service to small business in these states. Read it here.
– Technology will surely kill some jobs, but not all of them
Some of the top companies in the world such as handset maker Foxconn, US-based retail company Walmart and McDonald’s are now turning to robots and automation. It’s true that some jobs may become defunct as this shift becomes more pronounced. Read it here.
– Here’s why Bombay High Court declined two John Doe orders
“I found the reliefs to be overbroad. They were directed against to entire websites.”
Justice G.S. Patel of the Bombay High Court, on the 4th of July, passed orders that should hopefully put an end to torrent sites being blocked in India in their entirety,reports SpicyIP. Read it here.
– BookMyShow raises Rs 550 crore in from Stripes Group and other investors
Bigtree Entertainment, the parent company of BookMyShow, has raised Rs 550 crore from US-based private equity firm Stripes Group. Other existing investors – Network 18, Accel Partners and SAIF Partners – also participated in the round of funding. Read it here.
– ASCI calls out Uber, MobiKwik, Paytm, Reliance Jio & others for false advertising
The Advertising Standards Council of India’s (ASCI) Consumer Complaints Council (CCC) has upheld complaints (pdf) against 67 out of 141 advertisements brought to it in April 2016. These advertisements belonged to various categories: 27 in Healthcare category, 10 in Food & Beverages , 7 in E-commerce, 4 in Automotives, 4 other ads in Education category and 15 advertisements from other categories. Read it here.
– Hindustan Unilever criticizes TRAI Net Neutrality regulation, compares access with soap, milk
The TRAI’s Net Neutrality regulation on Differential Pricing “is one of the most stringent regulation on net neutrality and zero rating across the globe, completely prohibiting the same for TSPs/ISPs, irrespective of the effect of such service/platform on the public” FMCG major Hindustan Unilever has said in its submission (pdf) to the telecom regulator TRAI. HUL, ignoring some of the countries, like Chile and The Netherlands, where Zero Rating is banned, cites the US, UK, South Korea, Israel, Belguim and France, where zero rating is allowed “in some form or the other”. Read it here.
– Snapdeal rolls out bus, flight, hotel bookings & food ordering through tie ups
After piloting flight and bus bookings in April and personal services on its Android app in May, Snapdeal is expanding its catalog to Zomato for food ordering, Cleartrip and redBus for extending bus/flight/hotel bookings, and UrbanClap for home services. Note that these services are currently accessible through Snapdeal’s Android app (iOS users will have to wait) under the “Services” tab, and not for desktop users. Read it here.