In no particular order, here are MediaNama’s top 10 stories of the week ended 8th July 2018

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Railways won’t say how much it earned by rounding up ticket fares

In a little-noticed circular in February 2013, just a few weeks before the railways budget was presented, Indian Railways silently announced that they would start rounding up ticket fares to the nearest multiple of five. For example, if a ticket cost ₹122, it would be rounded up to ₹125. It would never be rounded down. In the railways budget that followed, no fare hikes were announced. Read it here

RIL to acquire telecom solutions firm Radisys for $74m

Reliance Industries Ltd has entered into an agreement to acquire US-based open telecom solutions provider Radisys Corporation at a valuation of $74 million. As part of the deal, which is widely expected to boost Reliance Jio Infocomm Limited (Jio’s) 5G and Internet of Things (IoT) capabilities, RIL will pay $1.72 per share in cash for the buyout, a joint release from the two companies said. Read it here

Addressing WhatsApp’s Fake News problems

With over 200 million users in India, WhatsApp has a massive Fake News and misinformation problem. The platform is now rife with all kinds of misinformation, whether political, religious, historical, medical, social or legal. Political parties use the platform to rally supporters, and “IT Cells” are believed to be using the platform for spreading misinformation and hate speech. Read it here

Facebook under scrutiny once again as federal agencies join Cambridge Analytica probe

A federal investigation of Facebook’s role in sharing of users’ data with political consultancy Cambridge Analytica has expanded its scope as multiple federal agencies join the US Department of Justice to probe the statements and actions of the tech giant. The Securities and Exchange Commission and the Federal Trade Commission have now joined the investigation, reported the Washington Post. Read it here

Amazon India opens its third Fulfilment Centre in West Bengal

Amazon India has announced the launch of its third fulfilment centre (FC) in West Bengal. Spread over 140,000 square feet with over 600,000 cubic feet of storage space, the new FC in Kolkata will allow deliveries within 1 or 2 days in the region. Read it here

Dunzo set to launch bikesharing service in Gurugram

Dunzo, the Google backed concierge-like startup is reportedly set to expand its offerings by launching a new bikesharing service in Gurugram, a report by the Economic Times said. The company sees the bikesharing service as an extension of its current business model, given the extensive fleet of bikers for pick up and drop service it already possesses. Read it here

WhatsApp, YouTube, and Facebook on JioPhone; telco announces fiber broadband

Reliance’s JioPhone will have native apps that support YouTube, Facebook and WhatsApp, the company announced at their Annual General Meeting. A software update on 15th August will install these apps on JioPhones, the company said. The company also announced a second generation device labelled the JioPhone 2 at the event. Read it here

Flipkart to provide financial services; applies for NBFC license: Report

Indian e-commerce giant Flipkart is all set to enter the financial services space with a focus on offering credit and insurance products to both consumers and sellers on its platform, a report by the Economic Times said.

According to the report, the company has already begun the process of applying for an NBFC (Non-Banking Financial Company) license and will commence its fintech services with microlending and micro-insurance for purchases on its website. Read it here

AP government portal to report data breaches will go live in a week: Report

The Andhra Pradesh government has started taking steps to prevent the leak of citizen’s personal data from government websites; a new government incident reporting portal called Andhra Pradesh Computer Response Team (APCRT) is likely to go live in about a week, reported HuffPost India. Read it here

India approves accession to WIPO internet treaties for protecting intellectual property

The union cabinet has approved acceding to the World Intellectual Property Organization’s internet treaties. These treaties — the WIPO Copyright Treaty and WIPO Performers and Phonograms Treaty — both came into force in 2002 and were designed to protect intellectual property as the internet started getting big. The cabinet said in its statement that acceding to these treaties, sixteen years after they came into force, would help Indian rights holders get ‘reciprocal protection’ of their IP abroad. Read it here