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Top 10 stories of the week: September 11th to 17th September

In no particular order, here are MediaNama’s top 10 stories of the week ended 17th September 2017

MediaNama would like to thank its sponsors: Info Edge, ESPN, & E2E, for their support.

SEBI instructs crowdfunding platforms to include disclaimers on investments

The Securities and Exchange Board of India (SEBI) has issued another warning on crowdfunding, but this time it was directed at angel investor networks and start-up funding platforms, reports Mint. Read it here

Here are the implications on the RBI notification on MDR for govt transactions

There is some confusion for the government’s drive for increasing card transactions. The Reserve Bank of India (RBI) has instructed banks not to deduct MDR charges from government receipts and that they should remit the full amount paid to the government by card customers to the concerned government and ministry. Read it here

BHIM saw 6.8M transactions in August 2017 accounting for 41% of UPI payments

The Bharat Interface for Money (BHIM) UPI app saw transactions of 6.8 million for the month of August 107, and transactions worth Rs 1,898.6 crore. There were 16.6 million UPI transactions in August, with Rs 4,127 crore being transacted. Thus, BHIM processed 41% of all UPI transactions and accounted for 46% of the amount transacted in August. Read it here

Ecommerce biz down 27% YoY for Gati; shifting to larger appliances

Cash on Delivery is now up to around 60% of ecommerce deliveries for logistics player Gati, up from 50% last quarter. While the effect of demonetization on the business has worn off, Bala Agnihotri, Deputy MD at Gati said on the earnings conference call, that there is a residual effect: “The COD residual effect of demonetization is the change of COD business that has come down. Read it here

Airtel will to identify, monitor and deliver network improvements based in individual devices; Privacy?

An indication of where Airtel wants to go with its business now, is possibly something it has announced this morning: a “strategic partnership” with SK Telecom, one of South Korea’s largest chaebols. The focus of the partnership, as per the announcement is on improving its network based on individual devices. Read it here

Matrimony.com IPO subscribed 1.36 times at the end of Day 2

The initial price offering (IPO) for Matrimony was subscribed 1.36 times at the end of the second day, according to data on the Bombay Stock Exchange. Read it here

#NAMAprivacy: Challenges with consent; the Right to Privacy judgment

In our other reports on the Consent panel at the #NAMAprivacy conference in Delhi, we look at whether we need a data protection and privacy regulator in India, and ways of making consent work. Read it here

Matrimony.com IPO subscribed 4.44 times on last day

The initial price offering (IPO) for Matrimony was subscribed 4.44 times (12,470,595 bids for 2,811,280 shares offered) at the end of the last (third) day, according to data on the Bombay Stock Exchange. Read it here

TRAI consultation looks at unsolicited commercial communication … again

The Telecom Regulatory Authority of India (TRAI) has issued a consultation paper on Unsolicited Commercial Communication (UCC) because it says that the earlier Telecom Commercial Communication Customer Preference Regulation, 2010 has failed to definitively curb UCC. Read it here

Instagram simplifies Stories for advertisers with three new tools

Facebook-owned image sharing network Instagram has introduced three new tools on the platform to simplify Stories for advertisers and marketers on the platform. Read it here

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