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Top 10 stories of the week: December 12th to December 18th 2016

In no particular order, here are MediaNama’s top 10 stories of the week ended 18th December 2016

MediaNama would like to thank its sponsors: Indian Express and E2E for their support.

Idea to raise Rs 1,500 Cr through issue of private placement bonds

Idea Cellular is planning to raise Rs 1,500 crore by issuing unsecured redeemable bonds on a private placement basis, the company informed stock exchanges on Friday. The company plans to sells non-convertible debentures (NCDs) that offers 7.57% coupon rate (basically interest) for a tenure of 5 years. These will be issued in the National Stock Exchange by December 13th for which the maturity date will be December 13, 2021. Read it here

Now Barkha Dutt & Ravish Kumar’s Twitter accounts hacked by ‘Legion’

After Vijay Mallya, NDTV journalists Barkha Dutt and Ravish Kumar’s Twitter accounts have been hacked, with data such as email passwords posted by the hacker group ‘Legion’ through their Twitter account. Read it here

I&B Ministry: We are not considering censorship of Hotstar and Netflix

In response to an RTI application, the Ministry of Information and Broadcasting categorically said that they weren’t looking to censor online content.

In the RTI application (filed by me), the ministry was asked if it had the power to carry out censorship of TV shows and films distributed by services such as Hotstar and Netflix; and if not, whether the ministry was considering making rules that would allow them to do so. In their response, the ministry said that they do not have the power to censor any content online, and that they are “not pursuing the creation of a regulatory framework” that would allow them to have any online censorship powers. Read it here

Internet networks in India suffered outages due to Cyclone Vardah

Update: Internet service provider Hathway (screenshot), and cellular operator Airtel (screenshot) have sent out notifications to customers stating that their networks have been affected due to the cyclone. A spokesperson from Reliance Jio told MediaNama that its network faced “negligible impact” and that it is working on fixing connectivity issues. Read it here

I-T cases not to be reopened if higher turnover is reported due to digital payments

Businesses which report a higher income or revenues due to increased usage of digital payments following the demonetization of Rs 500 and Rs 1000 notes will not trigger reopening of cases of past years, the income tax department informed in a circular. Read it here

Deposits in Jan Dhan Yojana accounts are falling

Deposits in Jan Dhan bank accounts have fallen after the government’s recent measures to ensure that they are not being used to launder black money. On December 2nd and 1st, inflows into Jan Dhan accounts reduced to Rs 410 crores and Rs 389 crores respectively, according to this income tax department circular. Read it here

Yahoo discloses its second data breach in 4 months

Yahoo is having the worst year ever. The company has written to its e-mail customer that their accounts might be compromised, in a different hack from the one that it reported in September. This breach, according to the company, likely took place in August 2013, predating the previous disclosed breach that apparently happened in 2014. Read it here

Google launches Android Things OS for IoT devices

Google has announced Android Things – its operating system for Internet of Things projects, reports ArsTechnica. The OS can run on various IoT products like security cameras, connected speakers, routers etc. Read it here

Swedish game co Starbreeze acquires Dhruva Interactive for $8.5M

Starbreeze, a Sweden based independent video game developer and publisher, has acquired a 90.5% stake in Indian art production and game development company Dhruva Interactive for $8.5 million: $7 million of this will be in cash, whereas the $1.5 million would be in newly issued Starbreeze B-shares, the company announced. Read it here

A look at digital wallet transactions so far this month

Helped by the Indian government nudging (forcing) citizens to go cashless, Mobile Wallet (PPI) transactions for goods and services appear to be on their way up. Readers should note that this daily data is for only 8 of the mobile wallets, and only for goods and service transactions. Read it here

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