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Top 10 stories of the week: August 26th to 1st September 2019

In no particular order, here are MediaNama’s top 10 stories of the week ended 1st September 2019

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

Piyush Goyal offers to mediate between restaurants and aggregators: report

Minister of Railways and Commerce Piyush Goyal said last week that he would like to “intervene” between Zomato and the restaurants in order to help them resolve their issues. Read it here

End-to-end encryption not essential to WhatsApp as a platform: Tamil Nadu Advocate General

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“End-to-end encryption was introduced to WhatsApp later. Therefore, it is not essential to the platform. It was a business decision. It is a question of business policy versus law,” E. Read it here

NRAI flags deep discounting, high commission charges, private labels in letter to food aggregators

Amidst the ongoing #Logout movement, the National Restaurant Association of India (NRAI) has sent letters to all food aggregators including Zomato, Swiggy, UberEATS, Foodpanda on August 26, flagging several issues such as lack of transparency, deep discounting and abuse of dominant position by the food aggregators. Read it here

NASSCOM-DSCI on National Health Stack: separate regulatory body for health, siloed registries, usage of single ID

In its response to the Niti Aayog’s paper on the National Health Stack, industry body NASSCOM and DSCI suggested an independent regulatory body for oversight in the digital healthcare sector, “this is essential to ensure a system of checks and balances” said the two bodies in a joint submission to Niti Aayog. Read it here

Reliance Jio records highest telecom revenue market share in Q1FY20

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Reliance Jio pipped Bharti Airtel and Vodafone Idea and emerged as the top revenue earner from telecom services at Rs 10,900 crore in the quarter ending June 2019 according to a report (see below) by the financial and economic analysis division of the Telecom Regulatory Authority of India (TRAI). Read it here

3G networks to shut by December, 5G adoption not expected, Phonepe, Paytm and more: Bharti Airtel Q1FY20 earnings call

Bharti Airtel’s consolidated revenues for Q1FY20 stood at Rs 20,738 crore – an increase of 6.8% from the same quarter last year. However, it posted a net loss of Rs 2,866 crore in the first quarter of the financial year 2019-20 (Q1FY20), a massive fall of 3047% as compared to the same quarter last year (Q4FY19) when it posted a profit of Rs 97 crore; but that, the company said was because of its adaptation to a new telecom standard (IND AS116) and a one-time investment into it. Read it here

MeitY may reject DPIIT’s push to include e-commerce data in PDP Bill: Report

The Ministry of Electronics and Information Technology (MeitY) may reject the Department for Promotion of Industry and Internal Trade’s (DPIIT) idea to include e-commerce data in the proposed Personal Data Protection (PDP) Bill, the Economic Times reported. Read it here

30% local sourcing FDI rule on single brand retailers relaxed, physical stores before online sales not necessary

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Single brand retailers in India are no longer restrained by the 30% local sourcing FDI norms. They can also sell their goods online up to 2 years before opening brick and mortar stores. Read it here

Economic slowdown: Some sectors have slowed, other are doing well, says InfoEdge’s Hitesh Oberoi on Q1FY20 earnings call

InfoEdge increased marketing costs substantially in all its businesses, specifically in Naukri and Jeevansathi. Its overall marketing spend for Q1FY20 was around Rs. 55 crores, which was up 46% year-on-year, Info Edge MD and CEO Hitesh Oberoi said on a investor call on August 13. Read it here

Zomato, Swiggy and NRAI discuss issues, to meet in September again

Food aggregators Swiggy and Zomato met with NRAI representatives on August 29, this is a week into the NRAI’s #LogOut campaign and a few days after its letters to various food aggregators. Read it here

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In no particular order, here are MediaNama’s top 10 stories of the week ended 12th July 2020 MediaNama would like to thank its sponsors:...

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