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Top 10 stories of the week: May 15th to May 21st 2017

In no particular order, here are MediaNama’s top 10 stories of the week ended 21st May 2017

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

Idea’s Mobile Internet subscriber base down by 6.35M, as it reports its first loss for a financial year in FY17

Idea Cellular lost a total of 6.35 million mobile Internet connections for the quarter ended 31st March 2017, down to 42.23 million from 48.58 million last quarter. This is even lower than the 44.02 million it reported for the same quarter last year. Read it here

NDTV reports Rs 8 crore profits for its digital business for Q4-FY17

NDTV’s digital profits were greater than their overall profits for the quarter ended 31st March 2017: Digital profits doubled year on year to Rs 8 crores, from Rs 4 crore last year, while the overall profits of the NDTV group were Rs 5 crore. Last quarter, the digital business had reported profits of Rs 7 crore. Read it here

Vodafone added 1.9M data connections in Q4FY17, while ARPU falls

Vodafone India added 1.9 million data connections during the quarter ended March 31st, 2016 (Q4FY17), taking the total to 66.9 million connections, up from 65 million data connections in Q3FY17. Post launch of Jio and due to competitive pressure in the industry the telco had lost 4.6 million data connections in the previous quarter. However, Vodafone India seems to be recovering: its 3G/4G subscriber base increased to 37.7 million connections during the quarter, up from million connections from 35 million connections during Q3FY17. Read it here

WannaCry ransomware: few incidents reported on Monday, as many continue to be vulnerable

The WannaCry ransomware was expected to affect several more computers on Monday, since that’s when most businesses and government organisations turned their PCs on for the first time after the attack started on Friday evening. Few instances of the ransomware seem to have been reported, however. Two reasons are possible for this. The first is that there has been no ‘second wave’ of the ransomware ever since the blogger named MalwareTech accidentally halted the spread of the attack. Read it here

Renu Satti to take over from Shinjini Kumar as Paytm Payments Bank CEO

Shinjini Kumar has stepped down as CEO of the Paytm Payments Bank, with old One97 hand Renu Satti taking over from her as CEO. Around a month and half ago, both Shinjini Kumar and Paytm had denied that she was stepping down from the company, when MediaNama had contacted them for a confirmation or denial. “This information is false. She is very much an important part of our organisation”, Paytm had told MediaNama on March 28th. Read it here

Yatra.com posts loss of Rs 83 crore for Q4-FY17

Online travel company, Yatra.com has reported a loss of Rs 83.02 crore for the quarter ended March 31, 2017 (Q4-FY17). Losses for the same quarter last year were Rs 34.77 crore. However, the company reported revenues of Rs 242.95 crore million during the quarter, which was up by 18% from Rs 205.82 crore in the same quarter last year. Read it here

Paytm raises $1.4 billion from SoftBank

Paytm has raised $1.4 billion from SoftBank Group Corp. This will be one biggest investment from the Japanese Internet and Telecom major in any Indian startup and also the largest round raised by Paytm. The company plans to invest the fresh funding over the next three to five years in expanding the user base and towards Paytm Payments Bank, the company said in a statement. Note that just yesterday, the company announced that it will commence operations of the bank on May 23 with Renu Satti as its CEO. Read it here

TRAI recommends Aadhaar authentication for broadband connections after ISPAI letter

You might soon require an Aadhaar card for continuing to use your existing home broadband connection or for getting a new connection. Telecom regulator TRAI has recommended the DoT to make it mandatory for all licensed ISPs in India to verify their users via Aadhaar ekYC as opposed to eKYC done via driving licenses, rental agreements, etc. Read it here

Zomato says it fixed data breach; loopholes in its encryption methods

Zomato announced in a blog post today that it had contacted the unidentified hacker from yesterday’s data breach. The breach had led to details of 7.7 million users being stolen. The leaked information, listed for sale on a Darknet market (hansamkt2rr6nfg3.onion/listing/93556), was taken down by the hacker after Zomato requested them to do so, the company added. Read it here

Why 16 year old Akash Narwala wants the Supreme Court to ban online pornography

Akash Narwala, a 16 year old boy from Kota, wants online pornography banned.

He has submitted an affidavit in an ongoing online pornography case in the Supreme Court, for joining the case. This is the same case, still unresolved, which led to the government of India directing ISPs to block over 800 porn sites in 2015 — colloquially referred to as #PornBan — which was subsequently removed after public criticism. Read it here

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