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Top 10 stories of the week: April 3rd to April 9th 2017

In no particular order, here are MediaNama’s top 10 stories of the week ended 9th April 2017

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

Malayala Manorama pulls out of DailyHunt as publishers vs aggregators battle heats up

One of the biggest regional language news publisher Malayala Manorama has decided to pull out its content from DailyHunt, an Indian-language news aggregator. This ends an association between the two that began in 2005, around the time when DailyHunt (then called NewsHunt) first launched. Read it here

MoneyGram-Ant Financial merger runs into trouble with US politics: report

The proposed $880 million MoneyGram and Ant Financial merger has run into trouble in the United States, reports Bloomberg. The publication said that two members of US Congress – Kevin Yoder and Eddie Bernice Johnson – called on Committee on Foreign Investment in the US for an investigation into Ant Financial’s proposal as it would allow Chinese access to the US financial infrastructure. Read it here

Netflix deploys caches of its catalogue to Indian Internet providers

Netflix has deployed caches of its catalog to Indian Internet providers in Chennai, Bangalore, Pune, and Hyderabad, MediaNama has learned. Netflix had already deployed such caches, known as Open Connect Appliances, throughout Asia, Europe, and the United States. Read it here

Govt revenue from telecom sector decreased due to increasing competition

Government’s revenue generation from the telecom sector has fallen considerably following the launch of Reliance Jio and due to consolidation and tariff wars among telcos, data from a Lok Sabha reply suggests. A telecom company in India pays license Fee and Spectrum Usage Charges (SUC) as a percentage of its gross revenues. Read it here

A response to Nandan Nilekani on Aadhaar (Updated)

This article was written as a rebuttal on the article that appeared in Business Line on April 1, 2017. It might be slightly technical but I will try to keep it within comprehensible limits for a person without Computer Science degree.

(Editor’s note: Changes have been made to the response to Claim 1, following some points highlighted by Pranesh Prakash on Twitter)

Claim 1 from Nandan Nilekani: When seeding and authentication are done properly, the success rate is over 95 per cent.

Response: This is useless at the scale in which Aadhaar is implemented. When a person wants their monthly quota of rations, they are usually asked to provide their UID and fingerprints, just the way you are asked to give your username and password on a bank portal. Read it here

PayU to invest $50 million in its LazyPay product

Payments company PayU India will be investing $50 million in its product LazyPay over the next few years. Though the product has been in pilot since March 2017, the company is officially launching the service now. LazyPay is a premium deferral payment facility which will allow users to to purchase now and pay later. Read it here

Will regulate WhatsApp and other messaging services: Centre tells SC

The Department of Telecommunications (DoT) informed the Supreme Court on Wednesday that it plans to put in place a framework to regulate Over The Top services such as Facebook, Whatsapp, Skype, Google Talk, etc., the Times of India reports. Read it here

Zomato reports $49M revenues for FY17; Food ordering $9M in revenue

Zomato has reported revenues of $49 million for the financial year ended 31st March 2017 (FY17), a growth of 80% over FY16. The company said that for the month of March 2017, it had around $5 million in revenues. Some data:

Food ordering: For the year FY17, food ordering accounted for $9 million in revenues, around 8 times of FY16. Read it here

What WhatsApp will have to consider before entering the payments biz in India

Earlier this week, The Ken reported that Facebook-owned Whatsapp is entering the payments business in India, working on launching a peer-to-peer payments offering, expected to be built on the UPI, in the next six months. Some thoughts on this development:

1. Whatsapp is a telecom operator: Whatsapp has been built on the idea of replacing telecom operators by providing the services that telecom operators do. Read it here

YouTube cuts monetization for small channels to curb stealing of content

YouTube has updated its ad and monetization strategy for content creators to curb stealing and reuse of content on the platform. In a blog published Thursday, the company said: “Starting today, we will no longer serve ads on YouTube Partner Program videos until the channel reaches 10k lifetime views.”

YouTube Partner Program, which began in 2007, lets video creators monetize their content on the platform using advertisements, subscriptions and merchandise sale. Read it here

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