Telecom Regulatory Authority of India (TRAI) gave its final verdict on Facebook’s Free Basics platform. It issued the ‘Prohibition of Discriminatory Tariffs for Data Services Regulations, 2016’ which said that no company can charge subscribers with discriminatory tariffs for data services on the basis of content.
Snapdeal Sellers Protest
Snapdeal sellers have accused the company for withholding their payments, as prior recoveries, and charging them huge and irrational amounts as penalties for minor infractions.
Jabong’s Largest Warehouse In Gurgaon Gutted In Fire
A fire broke out at one of the Jabong’s warehouses in Pataudi in Haryana. No employees were injured but it caused severe damage to goods.
Amazon India Gets $300 Mn Boost
According to filings with the Registrar of Companies, Amazon invested about $300 Mn (INR 1,980 Cr.) in Amazon Seller Services. The funds are being used to extensively improve warehousing, logistics and marketing services.
PepperTap Shuts Operations In 6 Cities
PepperTap has shut operations in six larger cities such as Ahmedabad, Chandigarh, Mumbai, Kolkata, Chennai and Jaipur. The company will focus on building a stellar customer experience by providing additional categories and services. This will help them conserve capital it raised and will give a runway of about two more years.
FranklyMe Shuts Down
Video micro-blogging platform, FranklyMe, has shut down operations. It states that it was not due to lack of funds but due to non acceptance of the concept as the company expected.