In the latest turn of events in the Arunabh Kumar sexual harassment row, the Mumbai Police has filed an FIR against Arunabh as a witness has came forward. Earlier, the case was likely to\u00a0be closed\u00a0as no victim had\u00a0come forward even 10 days after the report was lodged.\r\nNext up, Amazon CEO Jeff Bezos becomes the second richest billionaire this week. As per the real-time Billionaire index of Bloomberg, Bezos now has a total net worth of $75.6 Bn. He gained $1.5 Bn as Amazon.com Inc\u2019s share price rose, after announcing its plans to buy Dubai-based online retailer Souq.com. Microsoft\u2019s Bill Gates stayed intact at the top of the list despite losing about $11.4 Mn, with a net worth of $86 Bn. Warren Buffett slipped to the\u00a0third spot with about $700 Mn less than Bezos and a net worth of $74.9 Bn.\r\n\r\n\r\nImportant Developments Of The Week\r\nTruecaller Brings Payment App To India\r\nFor this Truecaller has partnered with ICICI Bank with an\u00a0aim to power a new UPI-based mobile payment service \u2018Truecaller Pay.\u2019 The app will allow users of the app in the country to instantly create a UPI ID, send money to any UPI ID or a mobile number registered with the BHIM app. Truecaller Pay will also enable users to recharge their mobile number from within the Truecaller app itself.\r\n\r\n3 Year Tax Holiday For Startups\r\nFinance Minister Arun Jaitley stated in Budget 2017, that firms that were incorporated after March 31, 2016 could avail a tax holiday for three out of seven years, from the date of incorporation. Earlier, the limit was for three out of five years.\r\n\r\nWalmart To Open New Stores In UP &\u00a0Uttarakhand\r\nUS-based multinational retailing corporation Walmart is looking to open nearly half of 50 new stores in Uttar Pradesh (UP) and Uttarakhand over the next three-to-four years. Walmart is also eyeing food retail if government norms favour them.\r\n\r\n\r\nOla Play Comes To Hyderabad\r\nHyderabad\u00a0is the fourth city after Mumbai, Delhi, and Bengaluru where riders would get a chance to experience the Ola Play platform. The platform brings advance car controls, choice of personalised content and a fully-connected interactive experience for users on the move. Ola had launched the feature in Ola Prime cabs in three cities for select customers last November.\r\n\r\nElon Musk Launches A New Venture\r\nMusk is now\u00a0launching a new company called Neuralink, with an objective to discover technology that will allow human brains to interface with computers, a la cyborgs. A full explanation on the company and its technology will be available next week on Tim Urban\u2019s WaitButWhy website.\r\n\r\nRBI To Take Action On FDI Violation Complaints\r\nThe All India Online Vendors Association\u2019s (AIOVA) concerns on violation of FDI policy by ecommerce players has been forwarded to the Reserve Bank of India (RBI) by the Ministry of Commerce. The development came in line with a complaint lodged by the retail group against the aggressive discount strategies adopted by online ecommerce portals.\r\nIn another development, the RBI has issued\u00a0a\u00a0warning against usage of bitcoins or any other form of crypto currencies in the country. The further usage of any such currency will be considered as a\u00a0breach of anti-money laundering provisions.\r\n\r\nAfter Amazon, Now Oppo India In Trouble\r\nSocial media\u00a0buzzed with hashtags like #boycotoppo and #banoppo\u00a0after one of their Chinese employees allegedly disrespected the Indian national flag at the Noida-based office. As complained by the people on the site, he \u201ctore the national flag and dumped it in a dustbin.\u201d A committee will now be constituted to look into the matter.\r\n\r\n\r\nOther Developments\r\nGenie Shutdown Operations\r\nAmidst severe cash crunch, hyper-local delivery startup Genie announced\u00a0the shut down of operations. The startup will last deliver till March 31, 2017.\r\n\r\nZoho Integrates Zoho CRM And Zoho Desk With Amazon Connect\r\nAmazon Connect is a cloud-based customer contact service offered by Amazon Web Services (AWS). The integrations will streamline sales and support tasks to help businesses boost sales productivity, improve customer engagement, and create seamless communication experiences.\r\n\r\nHousing.com Launches \u2018Housing Partner\u2019\r\n\u2018Housing Partner\u2019 is a web-based dashboard that will help property sellers (developers and partners) to monitor and manage leads in an effective manner, all within a single and convenient interface. Through this dashboard, customers would be able to enhance productivity by being able to view leads, purchase qualified leads and accordingly customise their offerings. \u2018Housing Partner\u2019 will also allow developers and partners to view and edit their listings, thus improving the turnaround time to close transactions.\r\n\r\nNPCI And Reliance Launches In-store UPI Payments Facility\r\nThis move will enable customer payments via Unified Payments Interface (UPI) platforms like BHIM or other bank-promoted UPI payment apps. The platform is developed by Bengaluru-based Innoviti Payment Solutions, with process support from Axis Bank. The facility is currently live in more than 200 Reliance Retail stores in Mumbai across formats and will be progressively rolled out nationally across all Reliance Retail stores.