In no particular order, here are MediaNama’s top 10 stories of the week ended 27th May 2018

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

HT Media to launch paid news subscription soon: Digital CEO

“Anybody who tells you in the news media industry that they won’t be taking the subscription route is either lying or soon going to bankrupt.”

Rajiv Bansal, the head of the Hindustan Times’s Digital Streams, told exchange4media that the media company will soon launch a paid news subscription product. He indicated that Mint, the financial daily, may be one of the few brands that they will experiment with this year. Bansal didn’t elaborate on precisely what kind of subscription product HT might end up launching. Read it here

Delhi HC issues notice to Google, Facebook, Twitter for revealing identity of Kathua rape victim

The Delhi High Court issued notices to Google, Facebook, Twitter and Youtube for allowing the upload content which revealed the identity of an eight-year-old girl who was raped and killed in Kathua district of Jammu and Kashmir. While issuing the notice the court said that the platforms had done “a great disservice to the nation” by allowing these uploads. The notice was issued to these global web giants after the Indian subsidiaries of these companies told the bench that they were not the concerned entity to reply to the court’s notice on the issue. Read it here

JustDial reports net profit increase of 53.6% with Rs 39cr in Q4FY18

Online classifieds and e-commerce company Justdial has reported a net profit of Rs 39 crore for the quarter ended 31st March 2018 (Q4 FY18). Net profit was up 53.6% on a year-on-year (YoY) basis and 36.3% on a quarter-on-quarter (QoQ) basis. Other income stood at Rs 16.6 crore for the quarter, up 30.7% from Rs 12.7 crore in the same quarter last year. Read it here

Lending platform Faircent gets NBFC-P2P certification from RBI

P2P lending platform Faircent has received its NBFC-P2P certification from the Reserve Bank of India. The RBI issued those guidelines last October, to register and accredit P2P lending firms that resell loans from individuals who have money to invest. Faircent is the first P2P lender to get this certification from the RBI. Read it here

Mark Zuckerberg’s EU ‘grilling’ ended up as a damp squib: Highlights

Facebook CEO Mark Zuckerberg addressed legislators at the European Parliament in an hour and a half long discussion. The event which was followed closely by both tech and political circles turned out to be a bit of a damp squib despite a set of strong questions put forth by the MEPs (Members of European Parliament). Unlike the US Congressional hearings which had a much softer line of questioning, Zuckerberg was only required to answer the questions he chose to because of time constraints. Read it here

Swiggy launches POP, offers meals in the range of Rs 99-200

The food ordering and delivery platform Swiggy has launched a new service called Swiggy POP targeted at young professionals across seven cities in India. As part of this new service, the company offers a curated menu of single-serve meals in the range of Rs 99- 200 from neighborhood restaurants. Read it here

MobiKwik’s UPI payments service goes live, offers own VPA handle @ikwik

Payments company Mobikwik has launched UPI-based payments on its platform, becoming the latest mobile wallet to add the interoperable payment service. Mobikwik users will now be able to make and receive payments via their @ikwik Virtual Payments Address (VPA). Mobikwik’s addition of UPI doesn’t come as a surprise because mobile wallets, like the one run by Mobikwik, have seen a decline in usage over the past month as RBI’s stricter KYC norms have come into effect. Read it here

Telecom infrastructure builders now included in DOT’s Right of Way rules

Telecom infrastructure providers build wireless telecom towers, the base stations on them, lay out fiber, and the duct space that’s needed to support that fiber. They are now included under the telecom department’s right of way rules. This is something that infrastructure providers have been demanding for the two years since the rules were first announced. The DOT announced the inclusion in a circular on Tuesday. Read it here

3 Tamil Nadu districts shut both broadband and mobile internet down

In the Tamil Nadu districts of Thoothukudi, Kanyakumari and Tirunelveli, both mobile and broadband internet has been shut down for five days, the PTI reports. MediaNama was able to confirm with a BSNL representative that both broadband and mobile internet have been shut down, across both private operators as well as BSNL. “Not even fiber internet will work,” a BSNL representative said. Read it here

Twitter follows Facebook, tightens rules for political ads and campaigns

Twitter is tightening its rules for political advertisements and campaigns on its platform. It said that advertisers will have to follow a set of guidelines on how they present their profiles.

This move follows major backlash against social media platforms for their role in influencing election results earlier, specifically the Russian influence on the 2016 US Presidential elections with bots and fake accounts and pages to run ads. Read it here