31 August, 2014

Uber has the attention of RBI

What actually transpired? Uber in its enthusiasm to make payment a passenger-friendly transaction had put some basic structure in place. For instance, when someone uses a Uber cab, he/she can pay using a credit card. And all payments are processed directly using the customer's stored credit card information, bypassing any monetary exchange between drivers and passengers. 

Uber gets a decent cut of 20% from the earnings per transaction. With the stored information of a customer's credit card, there is a standing instruction to deduct money from the card for every usage approved by the cardholder who uses Uber's cab services. And for its processing, Uber uses international gateway to complete the transaction, thus bypassing the rules by RBI.

RBI put its foot down on Uber's payment mode and said the company has time only till Oct 31 to mend its ways or leave the country.

27 August, 2014

$10 billion digital opportunities knocking, but are Indian telcos listening?



For Indian telcos, a world of value-creating opportunities is about to emerge, according to a joint study by Google and AT Kearney.

Data consumption will triple, and consumers will be buying five times as much content.This transformation will happen at an unprecedented pace.

The study expects the country to see another mobile explosion by 2017 as the online community more than doubles to 480 million.

By 2017, 385 million people will have smartphones, six times more than today, and the number of online transactors will explode to 160 million—eight times as many as today.

By FY17, the Indian telecom industry is expected to reach $35 billion in revenues, with data revenues growing at over 70 per cent per year till then and new digital VAS streams emerging and growing exponentially,” Nikolai Dobberstein, a Partner at A.T. Kearney, and one of the authors of the report, said.


Google India MD Rajan Anandan said about 73 percent of mobile data consumers would be willing to spend more time online if more entertainment content were available in an engaging format.

                                                    

                                                                   

23 August, 2014

ISB Digital Summit 2014

Won Infomania contest from HYD campus of Indian School of Business, a competition held by ISB Digital Summit 2014 and meet the Google Guru Mr RAJAN ANANDAN, Vice President and Managing Director, Google India.  

You can find all that was shared/ discussed at this two day event by following the hashtags #ISBdigitalsummit and #letstalkdigital on twitter. Try making it for the 2015 edition, you will like it.

20 August, 2014

List of India’s 50 most valuable brands 2014


Google is often doing the opposite.

When Google went public 10 years ago, co-founder Larry Page said he wanted to get users "out of Google and to the right place as fast as possible. Source: WSJ

19 August, 2014

Trai junks proposal to make WhatsApp, Viber, Skype paid

Telcos have a problem with those that provide free messaging and voice calls over the internet such as WhatsApp, Viber and Skype. Many subscribers use these apps rather than their telecom operator's normal voice call and SMS services, eating into a carrier's revenue.  

It is said that SMS continues to be a minuscule part of an operator's overall revenue. For example, SMS and value-added services contributed 5.5% of Bharti Airtel's mobile revenue, down from 8.3% a year earlier. Data revenue, on the other hand, grew to 12.4% from 8.2%. "Riding for free on our network puts a certain amount of strain on our network. That has to be admitted," said Rajat Mukerjee, chief corporate Affairs Officer at Idea Cellular, India's No. 3 carrier.

In a recent presentation to Trai, an Indian telecom major estimated that the industry loses close to Rs 5,000 crore in revenue annually due to the free voice and SMS services offered by OTT players. Over the past four quarters, the industry has lost close to 42% of SMS revenue and 19% of voice revenue to OTTPs. Rajan Mathews, director general of the Cellular Operators Association of India, the GSM industry body, told ET that the loss for telcos could "balloon five times, or to some Rs 24,000 crore, in the next three years if OTTPs aren't brought under regulation."
 
I believe Telco chat app partnership about which i researched and articulated  a case study paves a path for mutual benefit of both telecoms service providers and instant messenger/chat service providers in future specially in India

13 August, 2014

Global Innovation Index 2014 - India ranks 76

Released jointly by WIPO, Cornell University and INSEAD – along with knowledge partners Confederation of Indian Industry (CII), Huawei and Dubai mobile operator du – the Global Innovation Index 2014 shows Switzerland, the UK and Sweden in top positions.

The theme of the report this year is ‘The Human Factor in Innovation,’ exploring the role of human capital in the innovation process and mechanisms for identifying and energising creative individuals and teams.

Switzerland remains the leader for the fourth consecutive year. The UK moves up a rank to second place, followed by Sweden. The Top Five innovative countries of the world are Switzerland, the UK, Sweden, Finland and Netherlands. In positions No.6 through No.10 are the US, Singapore, Denmark, Luxembourg and Hong Kong.

They top the ranks due to their well-linked innovation ecosystems, human capital investments, ICTs and high levels of creativity. Innovation quality is measured by university performance and patent applications.

Among the BRICS group (Brazil, Russia, India, China, South Africa), China is at 29th rank, followed by Russia (49), South Africa (53), Brazil (61), and India (76), a slip in its 2013 rank of 66.

India leads in the Central and Southern Asia region in terms of innovativeness. The report also identifies top innovating countries in other regions: North America (US, Canada), Europe (Switzerland, UK, Sweden), Southeast Asia (Singapore, Hong Kong, Korea), Latin America (Chile), Sub-Saharan Africa (Mauritius, Seychelles, South Africa) and Middle East (Israel, UAE).

07 August, 2014

This is how India Markets

Found one at a Super market and the other at a Mela.