This week, Flipkart re-launched its mobile site by the name \u2018Flipkart Lite\u2019, earlier \u00a0users were directed \u00a0\u00a0to download and install the app when they use to open Flipkart on mobile. The company also said that it will focus on becoming more mobile centric through adoption of newer technologies such as artificial intelligence (AI) and social networks\r\nImportant developments of the week:\r\nSnapdeal Launches Snaplite\r\nSnapdeal announced its mobile web app by the name Snap-Lite that will mimic its desktop site that can work across all browsers.\r\nIITs Kick Out Zomato From The Placement Menu\r\nThe spat between Deepinder Goyal and IIT-Delhi seems not to have settled as Zomato has been blacklisted by All-IITs Placement Committee (AIPC). Zomato\u2019s tight revenue rope walk and laying off employees, is assumed as another reason\r\nHaryana Govt Waves Green Flag To Bike-As-A-Taxi Service\r\nGovernment of Haryana has permitted the use of commercial two-wheelers to operate as contract carriages in the city. 74 BC Technologies Pvt Ltd will launch its bike-as-a-taxi service under the brand name \u2018Baxi\u2019 offering affordable last-mile connectivity to offices, colleges, schools and residential areas, from metro and bus stations.\r\nSEBI Might Allow Ecommerce Companies To Sell Mutual Funds\r\nIndians have approximately spend about $9 Bn this year in online shopping. SEBI is interested in \u2018altering regulations\u2019 to allow ecommerce websites to offer mutual funds to help them reach out to young investors easily.\r\nOla Launches Ola Money App \r\nOla\u2019s newly launched Ola Money will offer peer to peer payments, mobile recharges & postpaid bill payments and work with an ecosystem of merchants. Ola Money users will be able to check offers on partnered merchants\u2019 site as well.\r\nMakeMyTrip Checks Into The Budget Accommodation Space; Launches Value+\r\nAfter delisting OYO rooms and ZO rooms from its platform, MakemYTrip has has launched its own brand of budget rooms called Value+. With this, MMT hopes to increase its revenue contribution from hotel business from 45% to 70% in the next three years.\r\nOther developments of the week:\r\nAskMeBazaar Launches Community For Ecommerce Merchants\r\nAskmeBazaar launched a new portal by the name \u2018Grow with Us\u2019 through which the merchants will be able to interact and share insights on their experience of doing business online.\r\nRSS Pokes Myntra For Selling Cow Leather Shoes\r\nRashtriya Swayamsevak Sangh (RSS) volunteers tweeted that it wants the government to take action against ecommerce site, Myntra, for selling cow leather shoes, and thus, hurting religious sentiments of Hindus.\r\nSBI To Launch Mobile Wallet \u2018Batua\u2019\r\nIn its efforts to become the banker for Digital India SBI is about to launch mobile wallet \u2018Batua\u2019 to offer wallet services for smartphone users.\r\nAirtel\u2019s Wynk Hits 12 Mn Downloads\r\nBharti Airtel\u2019s Wynk Music claims to have crossed 12 Mn downloads within 14 months of its launch. The company reported that two-thirds of downloads were made by users who do not subscribe to Bharti Airtel\u2019s mobile telephony services.\r\nKanwaljit Singh Re-joins Board Of Helion Investees\r\nHelion Venture Partners\u2019 co-founder Kanwaljit Singh has re-joined the VC firm as independent director on the board of investee companies. Alongside his early stage investment activity, Singh is working on a support ecosystem for consumer startups.\r\nMobikon Strikes artnership With BPI Bank\r\nMobikon has tied-up with BPI bank to provide its merchants with Mobikon\u2019s platform for customer engagement platform to restaurants. The tie-up would help Mobikon to reach out to 300+ restaurants and strengthen Mobikon\u2019s presence in Philippines. Mobikon is also in talks with other leading banks in India and other markets.\r\nFreeCharge Refreshes Android App\r\nFreeCharge launched revamped version of its \u00a0Android app, with new features that will allow customers pay electricity bills, landline and broadband bills faster.\r\nDroom Rides Into Maharashtra\r\nDroom extended its services in Mumbai, Nasik, Pune and Thane by on-boarding more than 250 sellers in the state. This will also allow users in these areas to avail other automobile related services through the platform.\r\nCarbay Enters Motorcycle Space In Indonesia\r\nAfter dominating the car portal category in Indonesia, Girnar Software\u2019s Carbay entered the motorcycle space to allows users to buy motorcycle on the platform. The platform will give an overview of price, specifications, features, pictures, reviews and road tests. The app is android on both Android & iOS platform.