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Top 10 stories of the week: August 16th to August 21st 2016

In no particular order, here are MediaNama’s top 10 stories of the week ended 21st August 2016

MediaNama would like to thank its sponsors: Info Edge, Times Internet, HP and E2E for their support.

Uber to launch a fleet of autonomous cars in the US

Online cab aggregator Uber will launch its self-driving cars as soon as this month in Pittsburgh, US, reports TechCrunch. The company said it would deploy around 100 modified Volvo XC90s outfitted with self-driving equipment to kick off the project. Read it here.

Twitter has taken down 235,000 accounts which promote terrorism

Twitter has taken additional steps to curb users who promote violent extremism and has suspended 235,000 accounts in the past six months, the company said in a blog post. The company added that it has significantly made progress in disrupting these users from returning to the platform. Read it here.

Times Group’s Brand Capital invests Rs 130 crore in Quikr

Times Groups’s Brand Capital, its private treaty arm, has invested Rs 130 crore ($19.4 million) in online classifieds company Quikr through convertible debentures. Brand Capital has subscribed to 143,000 convertible debentures at Rs 9,038.32 and has bought one share priced at Rs 9,038.32 crore. The private placement offer was circulated on April, 2016. Read it here.

Hathway’s board approves IPO for subsidiary GTPL

Hathway Cable’s board of directors has approved an IPO for its subsidiary GTPL (Gujarat Telelink Pvt Ltd), the company informed the BSE. The IPO for GTPL will take place via fresh issue of shares with an option for existing shareholders of GTPL to sell shares held by them. The company did not provide a timeline for the IPO. Read it here.

Housing appoints Vivek Jain as Chief Product & Technology Officer

Online real estate platform Housing has appointed Vivek Jain as its Chief Product & Technology Officer (CPO/CTO). In his new role he will be responsible for the product and engineering aspects of the business. Read it here.

Updated: Facebook blocks adblocking because users block ads & monetisation

AdBlock Plus, the ad blocking extension has published a workaround to Facebook’s feature to surpass adblockers which would show Facebook users ads on desktop. This way, ads which Facebook decides to show to a user can be suppressed by either inserting a filter code or by updating the filtering lists from AdBlock, both of which can be found on its blog. Read it here.

Times Internet & HDFC Bank’s debit card gets points for reading their websites

Times Internet* and HDFC Bank have launched a co-branded debit card which will let users combine points from online shopping with the points earned from consuming, creating, and sharing content on Times Group’s websites. The debit card will have a daily shopping limit of Rs 2.75 lakh and an ATM withdrawal limit of Rs 1 lakh. Read it here.

Updated: Ola confirms that it is shutting down TaxiForSure

Update: Ola said in a statement that TaxiForSure’s assets and operations will be fully merged with OlaCabs platform, and will be integrated with Ola Micro service. “…TaxiForSure…has been seamlessly integrated onto the Ola platform with the launch and rapid adoption of Ola Micro. TFS has contributed immensely towards Ola Micro’s success within a short span of time,” added the statement. Read it here.

Update: PayU gets a semi-closed wallet licence from the RBI

Update: PayU CEO Nitin Gupta spoke to MediaNama and said that the wallet licence will allow them greater user experience and would cut on some of the commercial expenses associated with getting a wallet licence from RBL Bank. He added that it is the company’s priority to shift their balances from the existing wallet on RBL Bank to their new wallet and customers will have the option to take out money into their accounts. Read it here.

AskMe suspends operations

AskMe has temporarily suspended its operations, in the light of not being able to pay its employees and manage other costs running the business. MediaNama sources confirmed that AskMe management has indeed initiated a shutdown. We’ve written to AskMe for an official statement. MediaNama had also contacted Astro last week and checked for an update yesterday but we still haven’t heard back from the company. Read it here.

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ