In news, we saw the big takeover of Network18 group by Reliance. Here’s a really good analysis on the Network18-RIL story. There was quite a bit of activity on the funding front as well. For instance Flipkart raised another $200 mn from investors. And a couple of smaller acquisitions were also announced. Here’s a quick list of stories that you shouldn’t miss.
FreeCharge will adopt Government’s Aadhar card as the primary KYC tool for opening and upgrading wallets. Consumers who enrol for a FreeCharge wallet with Aadhaar can have their balance limit enhanced from Rs 10,000 to Rs 1 Lakh, without any limits per transaction. Paytm too does the same for wallet verification.
The Moto E 4G will cost Rs 7,999 on Flipkart with five offers. The device is powered by Qualcomm’s Snapdragon 410 processor that also finds home in the more expensive Moto G. With most major network providers in India planning to roll out 4G services on a massive scale by the end of the year, manufacturers too are showing that they’re ready with compatible devices.
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