DiGiSPICE: Industry Monitoring 19 February 2019
- Priyanka Kanodia
- Feb 19, 2019
- 8 min read
DiGiSPICE
Competitors
Profits to elude Paytm parent till 2021
Publication- Tech Circle
Edition- Online
Date- 19 February, 2019
One97 Communications Ltd, which runs wallet firm Paytm, is likely to see its losses surge to Rs 2,100 crore for the financial year 2019-20, a report by business daily Mint stated, citing a confidential report by investment bank Corporate Professionals Capital. The burn is primarily driven by Paytm’s efforts to take on rivals Walmart-backed Flipkart and Amazon India in the online business space, said the report. One97 had hived off its payments bank and e-commerce businesses into separate entities.
18. Mint said that One97 will likely report its first profit of Rs 207.61 crore for fiscal 2021 and Rs 8,512.69 crore by fiscal 2026. The company has projected a negative net free cash flow of Rs 1,400 crore in fiscal 2020.
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Industry News
MPS Infotecnics forges strategic partnership with Mobishastra Technologies and Pennybase Technology Solutions
Publication- Business Standard
Edition- Online
Date- 19 February, 2019
MPS Infotecnics has entered into a strategic partnership with Mobishastra Technologies and Pennybase Technology Solutions. The objective of the partnership is to establish mutual understanding towards unified market vision improving operational efficiency and collaborate for joint pursuit of business in India as well as markets outside India as mutually agreed.
The strategic Partnership with the above mentioned entities will allow all the parties to the agreement to collaborate and participate for Customer Acquisition, Implementation, Pilots of IT Products primarily focused on Blockchain in states / Union of India and to facilitate the establishment of channels of communication that permit the creation and interchange of information, for the successful pilots and implementation (through purchase orders, work orders or tenders) of all the IT products via Turnkey Contracts or Service Contract, though not exclusive to these.
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Huawei may not be part of 5G trials
Publication- The Financial Express
Edition- Online
Date- 19 February, 2019
The 5G trials in India are going to commence soon, but Huawei may not be a part of it, as the government is yet to take a call on whether Chinese firms should be allowed to participate in rolling out of the latest telecommunication services.
According to sources in the Department of Telecommunications (DoT), various ministries are still deliberating over Huawei. The home ministry has raised concerns based on the stance taken by the US regarding Huawei, they said. The ministry feels that cyber security should be a top priority, and all bases must be covered before giving a go-ahead to the company, especially when many countries are expressing concerns over the Chinese firm.
The DoT is meeting various stakeholders, including network providers and mobile operators, to fast-track 5G trials.
The source further said the DoT is consulting the finance ministry regarding 5G trials and if the spectrum should be given for one year without charging. As per the current policy, trial spectrum can be allocated for three months, which can be extended by another three months, but the companies have to pay commercial rates for it. It must be mentioned that the DoT had allocated 100 Mhz of 4G spectrum to Ericsson for its test bed at IIT Delhi. The spectrum has been extended by another three months but the department has not taken a call regarding the waiver of commercial fees from Ericsson.
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“we will continue to acquire businesses, assets, and technologies that complement our existing capabilities, revenue streams, and marketing presence,” said Anuj Khanna Sohum, MD, Affle India
Publication- Ad Age India
Edition- Online
Date- 19 February, 2019
Affle (India) Limited, is a global technology company with two business segments: (a) Consumer Platform, which comprises of (1) proprietary consumer intelligence platform that delivers consumer acquisitions, engagements and transactions through relevant mobile advertising and (2) retargeting media business for e-commerce companies along with its push notification offerings for e-commerce companies on a software as a service model (“Vizury Commerce Business”); and (b) Enterprise Platform which primarily provides end-to-end solutions for enterprises to enhance their engagements with mobile users.
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Germany consults industry about blockchain potential
Publication- Business Standard
Edition- Online
Date- 19 February, 2019
Germany has opened a consultation process on how to tap into the potential of blockchain technology ahead of presenting a strategy by the summer, government sources said on Monday. Berlin is a hub for startup companies of which around 170 in one way or another look at blockchain, the distributed ledger technology that underpins the bitcoin currency.
There is great interest from would-be participants and investors across a raft of industries including cars, pharmaceuticals, energy and public sector administration that hope to transform mass market processes via blockchain. According to the sources, companies and industry groups that could become stakeholders in a blockchain deployment process in Europe's biggest economy were invited to supply recommendations from this week onwards.
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Ireland’s Magnet Networks launches its award winning IoT solutions in India
Publication- Deccan Chronicle
Edition- Online
Date- 19 February, 2019
An Irish company’s technology is enabling a new way of smart living and redefining the traditional rental model globally. Dublin-based Magnet Networks - leading IoT solutions, Telecommunications, Data Connectivity and Security Services provider, offering solutions to homes, businesses and enterprise customers has grown from its headquarters in Ireland to offices in London, United States, Australia, Singapore and has now expanded to India. Ms Isha Saraf, Regional VP South East Asia and India, will be heading Magnet’s business in India.
By locating in India, Magnet Networks is able to provide ‘in-country’ technical and support services to its largest global clients. Since 2016, along with providing connectivity solutions throughout Europe, US and India for some of the world’s largest brands, Magnet Networks have provided professional services to many organisations and government agencies seeking to understand, develop and deliver on a Smart City Vision- be it Smart Buildings, Smart Metering, Smart Toll Booth Management solutions, and more. Magnet Networks is a leader in world class IoT enabled solutions.
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4 projects get nod to make Tirupati smart city
Publication- The Hans India
Edition- Online
Date- 19 February, 2019
Andhra Pradesh government has given formal approval to the Municipal Corporation of Tirupati (MCT) to commence four major smart city development projects a day ago to beat the general election notification deadline. In the backdrop of ensuing general elections, Tirupati civic body officials were on tenterhooks, whether the government approves the smart city project work or not. However, Municipal Administration principal secretary approved all the smart city projects in one go.
Tirupati was selected as smart city along with Visakhapatnam and Kakinada by the Government of India four years ago. Under the smart city projects, the previous commissioners of municipal corporation prepared over 30 projects under the smart city programme costing Rs 1,733 crore.
At present District Collector PS Pradyumna and Commissioner V Vijaya Rama Raju consolidated all the projects to put on fast-track of implementation. In continuation to the efforts of the previous officials, the Collector and Commissioner planned the iconic project of Tirupati – a 5-km elevated corridor from Market Yard to Tirupati Kapila Theertham Nandi Circle at cost of Rs 684 crore.
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NUS joins Ripple's University Blockchain Research Initiative
Publication- Computer World
Edition- Online
Date- 19 February, 2019
The National University of Singapore (NUS), the oldest higher education institution in the city-state and among the best in the world, announced recently that it has joined the University Blockchain Research Initiative (UBRI), an international programme founded by Ripple.
UBRI is a partnership between Ripple, the blockchain based global settlements network, and top universities around the world to support academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.
The programme, which launched in June 2018, provides both financial and technical resources to education partners and is collaborating with faculties and students on research and technical projects.
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Streamline Blockchain Deployment With An API Development Environment
Publication- Express Computer
Edition- Online
Date- 19 February, 2019
With an increase in deployment of blockchain networks for business, there will be a corresponding rise in APIs. Given this scenario, an API development environment can prove extremely useful for organisations. Blockchain technology, the distributed ledger method underpinning Bitcoin, continues to gain acceptance despite the popular cryptocurrency being banned in several Asian markets. The global blockchain technology market is predicted to touch $7.74 billion by 2024, according to a report by Bitcoinmagazine that cites GrandView Research data.
As per the data published by Statista.com, consumer products and manufacturing, life sciences, technology, media and telecom, and oil and gas are some of the industries looking at employing blockchain technology in production. Industries such as banking and financial institutions (BFSI), automotive, food, healthcare, and public sector are already experimenting with the technology.
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Blockchain Platform To Secure Transactions, Support Dapp Development And Improve Operational System
Publication- Owlt Market
Edition- Online
Date- 19 February, 2019
The leading integrated environmental, recycling & waste management company of the United Arab Emirates Bee’ah collaborated with Hamriyah Free Zone Authority (HFZA) who is known as a gateway to global business. The main purpose of this collaboration is to launch a Blockchain platform Waste Permit Portal in order to validate, process, store and secure all transactions. It is the first-ever blockchain-based platform in Sharjah.
The platform is basically designed to save customers operations within the free zone time and that money which is required to apply for permits along with the reduction of downtime which is used for permits. It consists of 15 services which will be provided to the gateway by Bee’ah. It is stated that the accessible, integrated and environmentally conscious solutions can be provided to the gateway.
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Legrand India launches IoT program- Eliot
Publication- CRN India
Edition- Online
Date- 19 February, 2019
Legrand India, a global leader in electrical and digital building infrastructure provides a new dimension for connecting lives with their rollout of IoT program- Eliot. Eliot which stands for Electricity + Internet of Things is a program that aims to inject the power of communications, advances in connectivity and intelligence in the building environment and enhances value of the connected products to improve user experiences.
Eliot also supports the development of suitable digital infrastructures for buildings and provides interoperability. In India, the Eliot product offerings are – Residential: Arteor With Netatmo, My Home Up, Classe 300 IP Door Phones, Nuvo for Audio Systems; Hospitality: Neat for Integrated Assisted Living, Flex Commercial: Power Distribution Unit, Energy Distribution. ELIOT, a combination of “electricity” and “IoT,” will work to transform built environments through a purpose-built cloud, with gateways for installed legacy offerings, an array of natively connected new products, and solutions comprising connected, intelligent technologies and services.
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Deutsche Telekom reveals IoT Solution Optimizer benefits
Publication- Telecom Lead
Edition- Online
Date- 19 February, 2019
Deutsche Telekom revealed the benefits of the IoT Solution Optimizer, an online tool to provide consultancy and customer onboarding services for cost-effective IoT solutions for its global customers. IoT Solution Optimizer enables IoT businesses around the world to model and optimize the performance of IoT applications in vertical industries such as smart city services, security or asset tracking.
IoT customers can either model their own custom design, or try a standard IoT offering in minutes. Ingo Hofacker, head of IoT business at Deutsche Telekom, said: “Deutsche Telekom’s IoT Solution Optimizer is easy to use, offering guidance and exceptional choice throughout the process. Our clients can now significantly improve time-to-market, while minimizing cost and risk.”
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Irish IoT firm Magnet Networks begins operations in India
Publication- Tech Observer
Edition- Online
Date- 19 February, 2019
Dublin-based Magnet Networks which deals in IoT solutions is now expanding to India. Isha Saraf, Regional VP South East Asia and India, will be heading Magnet’s business in India. In addition to Ireland, the company has offices in London, United States, Australia, Singapore.
By locating in India, Magnet Networks is able to provide ‘in-country’ technical and support services to its largest global clients. Since 2016, along with providing connectivity solutions throughout Europe, US and India for some of the world’s largest brands, Magnet Networks have provided professional services to many organizations and government agencies seeking to understand, develop and deliver on a Smart City projects, said the company.
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