After making headlines for months, this week Netflix finally launched in India, with plans starting from INR 500. The service went live in over 130 new countries. In 2016, the company plans to release 31 new and returning original series, two dozen original feature films and documentaries, a wide range of stand-up comedy specials and 30 original kids series.
Important Developments Of The Week
Startups Must Be Exempted From Direct, Indirect Taxes: NASSCOM
NASSCOM proposed pre-budget recommendations to the finance ministry on redefining tax benefits and exemptions on startups. It suggested that all startups be exempt from direct, indirect taxes including MAT.
Bhavin Turakhia Launches Zeta
Zeta, a mobile-based meal voucher platform, will provide HR Managers an instant one-click distribution platform of digitised meal coupons for employees across cities. Employees will receive these meal vouchers on their smartphones that can be used instantly.
Localbanya Accused Of Not Clearing Salaries And Payments
Former employees and vendors used social media to share their grievances against Localbanya for not clearing their payments/salaries. The company had suspended its operations temporarily in October last year stating a technology and service upgradations on its site.
Tinder Announces India Operations
Tinder will have its first international office in India. It has also appointed Taru Kapoor as India Head. She will be based in Delhi and will lead India operations for the company.
MobiKwik Opens Power Wallet API To Retailers
MobiKwik has opened access to its patent-pending Power Wallet interface to all retailers. Its Power Wallet API has been integrated by its retail partners such as OYO Rooms, PVR Cinemas, Zomato, Meru Cabs, Big Bazaar, WHSmith India, Archies and IRCTC.