In no particular order, here are MediaNama’s top 10 stories of the week ended 3rd June 2018

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We need transparency reports from Paytm and other Indian tech companies

A sting operation video on mobile payments company Paytm, released by news website Cobrapost, shows Paytm Senior Vice President Ajay Shekhar Sharma allegedly saying that the Indian Prime Minister’s Office (PMO) had asked the company for user data. MediaNama is unable to independently verify the authenticity of this video, and it is worth pointing out that the video isn’t available in full. This video has been released as a part of the ‘Operation 136’ sting operation series, largely focusing on news organisations and their alleged willingness to promote political agenda. Read it here

Jagran Prakashan’s digital ad revenue grew 1.3% YoY to Rs 9.3 Cr in Q4FY18

Jagran Prakashan Limited (JPL), which owns the Hindi daily newspaper Dainik Jagran, has reported consolidated operating revenues of Rs 548 crore for the quarter ended March 31, 2018 (Q4 FY18), which is down marginally to 2.4 year-on-year (YoY) from Rs 562 crores posted in the same quarter last year (Q4 FY17). On a sequential basis, it was down 8.3% from Rs 598 crore posted in the previous quarter (Q3 FY18). Read it here

Ramdev’s Patanjali partners with BSNL to offer special plan to loyalty card holders

Update (Nikhil adds): It’s a bit complicated. While there were reports of the launch of these SIM cards yesterday, and corroborated by BSNL via a tweet sharing the report, BSNL followed up with further information that this is only a special deal that is being offered to the members of Patanjali, and not for the public at large. However, they also added that members of the public can subscribe to Patanjali’s Swadeshi Sammridhi card, which is a loyalty card, and get the special offer from BSNL.  Read it here

India Post Payments Bank offers a choice on Aadhaar linking

India Post Payments Bank has added the option to de-link Aadhaar to their form for Aadhaar linking. They have also offered separate forms for creating savings accounts for those who wish to create them using Aadhaar and PAN and those who want to use other Indian government identity documents. This is a choice in determining method of identification that petitioners in the Supreme Court have been arguing for and forms a precedent toward services respecting the “voluntary” nature of Aadhaar. Read it here

Info Edge reports 10.7% growth in net profit with Rs 76.3cr

Info Edge, which runs multiple Internet companies such as Naukri, Jeevansathi, and 99Acres, has reported a net profit of Rs 76.3 crore for the quarter ended March 2018 (Q4 FY18). Net profit was up 10.7% from Rs 68.9 crore in the same quarter last year. Read it here

TRAI wants to use blockchain to combat spam

TRAI released a draft regulation [PDF] on Tuesday outlining a plan to combat SMS and call spam using blockchain technology. In what the authority described as a ‘regulatory sandbox’, telecom companies and TRAI will work together to build an encrypted and distributed database (which is where the blockchain comes in) which will record user consent to be included in SMS or call send-out lists. Read it here

Reliance Group sells 60% stake in Codemasters for Rs 1700 crore, nets 25x gains

Anil Ambani’s Reliance Group has sold its 60% stake in video game publisher Codemasters for Rs 1700 crore, Economic Times reports. The Rs 1700 crore price tag represents a 25 times growth in valuation for the British video game maker. In 2009, the group had acquired a 90% stake in Codemasters, best known for its racing video games, for Rs 100 crore. Read it here

MakeMyTrip posts net loss of $25.7M as marketing & personnel costs continue to increase

Online travel agent MakeMyTrip (MMT) reported a net loss of $25.7 million for the quarter ended March 31, 2018 (Q4 FY18). The company had reported a net loss of $33 million in the same quarter last year. While the net loss has improved YoY earnings were weighed down by the increase of 70.8% in marketing and sales promotion expenses, which stood at $145.3 million, up from $85 million in the same quarter last year. Read it here

MIB: Social media isn’t our department. Also MIB: We’ll monitor it

When Rajyavardhan Rathore became the Minister for Information & Broadcasting, he mostly evaded the topic of social media. “Social media is totally independent,” he said. “And in any case, social media doesn’t even come under this ministry.”

But just over two weeks ago, the ministry posted a tender saying that it was going to set up a social media communications hub. So far, so good. But then, the tender, which was first reported by, went on to say that the bidder must be able to monitor Twitter, Instagram, some blogs, and YouTube. Read it here

CoinTribe gets Series B funding of $10M from Sabre Partners & others

Gurgaon-based CoinTribe, a credit-based lending marketplace for small and medium businesses has raised Series B funding $10 million led by Sabre Partners along with participation from existing investor, Puneet Dalmia. The company said that it will use this additional capital to further strengthen its technology and to expand in new markets. Read it here