iWorld
After Flipkart, Airtel responds to Net Neutrality controversy
MUMBAI: Net neutrality activists and the Indian netizen’s valiant effort marked its first goal as after e-commerce giant Filpkart backed out from its deal with Airtel for Airtel Zero, the telecom tycoon has now issued an explanation on various controversies.
Airtel, in its statement, said that it fully supports the concept of net neutrality. “There have been some misconceptions about our toll free data platform – Airtel Zero. It is a not a tariff proposition but is an open marketing platform that:
* Allows any application or content provider to offer their service on a toll free basis to their customers who are on our network.
* Such customers whether on a data pack or not will therefore be able to access these toll free services free of charge.
* No site whether on the toll free platform or not under any circumstances is blocked, throttled or provided any form of preferential access.
* The toll free platform is open to all content providers on a completely non discriminatory basis and operates on the same principle as 1-800 toll free voice services.”
Airtel further said, “The statement made by Flipkart regarding its decision to not offer toll free data service to its customers is consistent with our stand that Airtel Zero is not a tariff proposition. It is merely an open platform for content providers to provide toll free data services. The platform remains open to all companies who want to offer these toll free data services to their customers on a completely non discriminatory basis.”
As was reported earlier by Indiantelevision.com, Flipkart issued a statement saying that the company has always strongly believed in the concept of net neutrality. While it backed off from Airtel Zero, the company also said that it was committed to the larger cause of net neutrality in India.
iWorld
Pocketful appoints Prateek Singh as CEO to drive next growth phase
Ex-Bajaj Broking executive to scale digital investing platform in India
MUMBAI: Pocketful has appointed Prateek Singh as its chief executive officer, marking a key leadership move as the company looks to scale its presence in India’s fast-evolving investment market.
Backed by the three-decade legacy of Pace Group, Pocketful is positioning the appointment as a strategic step to accelerate growth and strengthen its foothold among retail investors.
Singh brings over 13 years of experience in building digital financial platforms, with expertise spanning customer acquisition, product development and business expansion. He joins from Bajaj Broking, where he served as chief growth officer and played a key role in enhancing the company’s digital capabilities and platform experience.
Commenting on the appointment, Pocketful co-founder Sarvam Goel said, “Prateek’s appointment represents an essential milestone for Pocketful as we expand our operations and strengthen our position in the Indian investment market.” He added that Singh’s experience aligns closely with the company’s vision of building a user-focused, technology-driven platform.
For his part, Singh said, “I am truly excited to join Pocketful at such a pivotal stage of its growth journey,” highlighting the rising retail participation and shift towards digital investing in India. He added that the focus will be on simplifying the investing experience and enabling more informed participation in capital markets.
Pocketful offers zero brokerage on equity delivery trades, along with no account opening charges and lifetime zero annual maintenance fees, positioning itself as an accessible platform for new-age investors. It also caters to active traders with advanced tools and features such as margin trading and its in-house intelligence layer, Pocketful GPT, designed to assist with trade ideas and portfolio analysis.
The company has recently expanded into mutual funds, signalling its ambition to evolve into a full-stack investment platform. With Singh at the helm, Pocketful is looking to ride the wave of India’s growing retail investor base and sharpen its competitive edge in the crowded brokerage space.
