News Roundup: 7 Stories You Don’t Want To Miss This Week [21 – 26 September]

After Hyderabad, Uber drivers held protest against the company in Bangalore. The drivers claimed that the company was not meeting its commitment on business and giving incentives.

Let’s have a look at the important developments of the week:

Govt Retracts The Loopholes Ridden Draft Of National Encryption Policy

The union government had released a draft National Encryption Policy document online seeking methods of data encryption of data and communications used by the government, businesses, and even citizens. However, after facing criticism it had to retract the policy.

Uber To Launch Its Carpooling Service, UberPOOL In Bangalore

UberPOOL carpooling service will allow riders share ride and split cost with another person.

Zomato To Launch Food Solutions Marketplace For Restaurant Owners

Moving ahead from its business of restaurant search, review, food ordering, to food marketplace, Zomato is creating one-stop-solution marketplace for restaurant owners.

EPaisa Clubs Digital Wallets To Empower Merchants Reach 150 Mn Users

MPoS (mobile point-of-sale) solution provider, ePaisa, has clubbed digital wallets of Paytm, Mobikwik and CitrusPay, with its mPoS to enable merchants accept wallet payments through one platform.

IndiaMART Achieves 100,000 Premium Customers Milestone

IndiaMART has accomplished 1 lakh premium customers on its online platform by providing need-sensitive, customized and innovative initiatives to its customers.

Flipkart Co-Founders, Sachin & Binny Bansal Debut Forbes India Rich List

Sachin Bansal and Binny Bansal the ecommerce billionaires, made their debut to country’s top 100 rich list at 86th position with a net worth of $ 1.3 Bn each.

Let’s have a look at the other developments of the week:

CommonFloor Groups Launches Smart Guard App

CommonFloor’s ‘CommonFloor Smart Guard’ mobile app that provides cloud-based online platform to residents & apartment associations to connect, communicate & collaborate with each other.

ShopClues appoints Arun Goel as VP-Products

In order to enhance its merchant services, ShopClues appointed Arun Goel as Vice President-Products to focus on building and managing services to enable merchants to scale their business faster and more effectively.

Ola Commits To Allocate $20 Mn For Safety Initiatives

Ola has also launched a number masking feature, that will make customer’s mobile number undisclosed to drivers to reinforce safety and security of users.

Snapdeal Hires ex-Twitter Executive Rahul Ganjoo

Ex-Twitter executive, Rahul Ganjoo is appointed as Snapdeal’s vice president of its technology team as it looks to boost its engineering skills to compete with rivals including Flipkart and Amazon.

Flipkart Appoints Suvonil Chatterjee As Consumer Design Head

Suvonil Chatterjee, one of the early employees of real estate portal Housing.com, is appointed as consumer design head of Flipkart, who will be responsible for attracting design talent across the globe. The company has also appointed Dan Rawson as Head of customer logistics and supply chain ecosystems, Ravi Byakod as Director of Engineering – Accounting and Anand Lakshminarayanan as Head of Product Management for digital goods and services.

InstaCab – Intercity Cab Aggregator Service Introduced Pan India

InterCity cab aggregator aims to make over-expensive outstation cab travel affordable and accessible to everyone. With this, InstaCab aims to optimize resources so that customer only pays for the distance travelled.

NASPERS Appoints Snapdeal’s Aakash Moondra As PayU CFO

Aakash Moondhra will join PayU as its global CFO managing his role at handling finance and supporting company’s strategy & vision of Naspers Fintech business.

Lookup Now Provides Drivers On-Demand

Lookup now makes drivers available on-demand for INR 99. The company has partnered with DriveU in Bangalore to offer seamless service to its users along with a free one hour ride.

Shoppers Stop Logs On To FreeCharge Wallet

FreeCharge announced its exclusive partnership with Shoppers Stop to empower its customers with the feature FreeCharge Wallet.

LYCOS & Apollo Launches New Ecommerce Initiative

LYCOS, one of the most widely recognized Internet brands, and Apollo International Limited, signed an agreement to launch joint venture to offer end-to-end solutions for global brands to sell online.

CouponRani Launches Chat Based Assistant

To offer convenience and ease to its customers, CouponRani Shopping Assistant will assist its customers to find best deals and given an opportunity to cross-sell and upsell other offers to customers.

InnerChef Launches HyperLocal Desserts Marketplace Indulge

The new marketplace Indulge aims at providing bakers an access to technology platform and a robust delivery infrastructure to reach millions of customers across India.

ShopClues Launches “ShopClues Connect”

The new chat feature on its Android app called ShopClues Connect enables buyers to engage directly with sellers in their vicinity to negotiate delivery timelines, ask for details on warranty, returns etc.

Oxigen Signs Sachin Tendulkar as its brand ambassador

Oxigen payments solutions provider affirms that Sachin reflects the core values of company in his virtues of unshakable commitment and humility.

OYO Rooms To Facilitate Venue Bookings; Partners With Venuepick

In the joint partnership OYO and Venuepick will bring convenience for clients to book venues and economically-priced lodging at the same time.