ECONOMY

Monthly Archives: SEPTEMBER 2016


WhatsApp can’t share user data With Facebook Collected before September 25: Delhi HC
23.09.16 - TEAM PT
WhatsApp can’t share user data With Facebook Collected before September 25: Delhi HC



WhatsApp cannot share its old user data with Facebook or any other platform, the Delhi high court ruled on Friday while allowing the popular instant messaging app to roll out a new privacy policy.

In order "to protect interest of users", the court directed WhatsApp to delete information and data of people who opt out of the service before September 25 and not to share it with social networking site Facebook or its group companies.

The court also asked the telecom regulator TRAI to examine the feasibility of bringing internet messaging applications like WhatsApp under the statutory regulatory framework.

WhatsApp revised its privacy policy last month to share data with owner Facebook and allow targeted ads and messages from businesses, laying the groundwork for the free messaging service to begin making money. Students Karmanya Singh Sareen and Shreya Sethi, 19 and 22 respectively, then filed a public-interest litigation -- akin to a class action -- seeking to block those changes. They wanted a rollback of those updates, in a lawsuit that's attracted attention as a test case for how legal authorities around the world may respond.

The messaging app has maintained all along that it does not retain user information on its servers once the account is deleted.

The petitioners’ lawyer said WhatsApp, which has about 70 million users in India, contended that user information is retained even after an account is deleted.

WhatsApp began operations in 2010. It was acquired Facebook in 2014 in a 19 billion dollar deal.

Facebook has a history of lawsuits over user privacy and advertising. In a 2011 settlement with the FTC, the company agreed that it would always ask users for permission before making changes to privacy practices.




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No closures, SBI may relocate some branches after the merger : Chairperson
07.09.16 - team pt
No closures, SBI may relocate some branches after the merger : Chairperson



The State Bank of India (SBI) may relocate some branches after the merger of its associate banks into its fold, but none of them will be shut down, Chairperson Arundhati Bhattacharya has said in a bid to put rumours to rest and assuage the staff. 

"I don't believe we will be closing down any branches. This is one area that is getting a lot of adverse publicity. We will be working with the synergies," Bhattacharya told IANS, referring to the plans to merge five associates and Bharatiya Mahila Bank. 

"Obviously, if the same building has branches of three associate banks, it doesn't make sense to keep them open. If that branch is moved away 60 km, it will have a better reach. We will be relocating a few of them," the Chairperson told IANS over the phone. 

The merged entity, which will have a network of more than 24,000 branches, will continue to have the same number of branches. The idea is to leverage the synergies, she added. 

"Not only the productivity can improve, with the same number of people, we can also ensure better footprints. We can move apart branches, send out sales teams. The customer will also have access to a lot of cutting-edge products," she said. 

The country's largest lender is looking to add $120 billion (Rs 8 lakh crore) in assets after the merger of State Bank of Bikaner and Jaipur, State bank of Travancore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Maharashtra, besides the Bharatiya Mahila Bank. 

This will catapult SBI into the top 50 banks globally, Bhattacharya said, expecting the process to get completed by March 2017. "There are some timelines and processes to follow. We'll make a good effort that it gets completed by March 2017. As of now, it is a realistic enough deadline." 

The bank is already a 'Fortune 500' company. 

As an outcome of the merger, the size of NPAs (non-performing assets) will obviously swell up, she said, adding that she did not have the numbers ready on that account. 

"There are six entities involved. The issues need to be resolved, which cannot happen with the snap of the finger. The balance sheet is just the first thing. There's a lot of work eventually that needs to be done." 

Bhattacharya is due to retire in October, much before the completion of the merger. The government is said to be considering a year-long extension so that she can oversee the entire process. 

"I haven't heard anything from the government on my extension yet. But there will be changes and we need to be prepared for it. We have a team in all of these areas. They'll continue to do so."




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BSNL reply to Jio; 300gb in Rs250
04.09.16 - TEAM PT
BSNL reply to Jio; 300gb in Rs250



After Reliance created a stir in the telecom world with its aggressive data service tariff plans, priced as low as around Rs 50 for each GB, state-owned BSNL has made an offer of less than Re 1 per GB.
 
BSNL's new plan –Experience Unlimited BB 249 will start from September 9, 2016.

Under this plan, customers can download unlimited Broadband data without bothering about any data limit in GB. BSNL shall offer 2 Mbps speed under this plan.

If customers use the plan continuously in a month, they can download upto 300 GB data by paying Rs 249.
 
The company issued a statement in which it said, "BSNL is going to launch a very cost-effective and affordable promotional unlimited Broadband plan Experience Unlimited BB 249 from September 9, 2016.” The customer after six months will be moved to another regular plan of broadband on whatever the customer chooses.
 
This move by BSNL comes after Reliance announced that it will offer unlimited data and voice calls with Jio until the end of the year.
 
"The plan will enhance the customer experience towards wireline broadband services and attract new users to experience BSNL broadband services,” the corporation’s Chairman cum Managing Director Anupam Shrivastava said in a statement.
 
BSNL claimed that it is offering the lowest per GB data download cost plan under broadband services in India. Reliance Industries Chairman Mukesh Ambani had said that data should be ‘affordable’ and Jio rates range from Rs 25 to Rs 50 which depends on the frequency of data use.
 
With BSNL’s aggressive pricing, the competition looks to do only good for the consumers.




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Every dog has its day; But this one has a final Say
02.09.16 - Geeta Pandey*
Every dog has its day; But this one has a final Say



Goofy, the canine worker of an advertising firm in the southern Indian city of Chennai, has a visiting card and a "corner seat", and he performs multiple roles in the office.

When I knocked on the door of Opn Advertising and pushed it open, Goofy came running and gave me a warm welcome by wagging his tail and licking my hands.

"He came to us about 10 years back," says Bala Manian, a partner in the company, who has known Goofy for a long time." We found him sitting in front of a tea shop. He was either abandoned or had run away or had lost his way."
 

For the first few days, Ms Manian says, they tried to look for a permanent home for him.

"Then we realised that he was too adorable to give away. Besides, he seemed very comfortable here, so we decided to adopt him. In a way, he adopted us."

Soon, Goofy became a "core member" of the office.
 

The visiting cards at the firm list out all the designations, including that of "the office dog", and the employees choose whatever describes their role best.

Goofy, however, is not just the office dog - he's the receptionist "who opens the door and greets visitors", he's the human resource manager "who sits on recruitment interviews" and "anyone new joining the office gets to know him first".


"He does everything except for writing creatives," says Ms Manian. "He doesn't write, he barks, but pretty much he handles everything else for the company."

She says Goofy has "an acute creative sense" and his word is generally taken as final.

"Sometimes we can't decide between two ad routes we are going with, so we show them to him, the one he doesn't tear up or chew up, we present that to our client."

 
 
Staff members take turns to feed him and walk him and he has a "corner seat" in the office where he sleeps on a cushion at night.

"During the day, there's no fixed seating in the officer so we all work around Goofy's schedule," says Ms Manian, adding that they gave up trying years ago to persuade him to move.

"We sit where Goofy is not sitting. If you ask him to move, he looks at you with such offended eyes that you'd better move with your laptop."
 
 
Goofy has strong preferences, his colleagues say - for instance, he prefers female company to male and chooses the lift over the staircase.

But his colleagues vouch for his good behaviour - they say he never barks and is never aggressive with people.

Several studies have shown that having a pet around the office boosts morale and helps people relax. And Goofy is an ace in that department too, says Aakriti Sinha.

"He manages to put people at ease, brings the stress levels down and resolves conflicts.

"When two people begin to argue, he goes and sits in the middle and defuses the situation."
 
(Courtesy: *BBC News)




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Android Users Are More Humble, Honest & Kind than IPhone People: Study
02.09.16 - TEAM PT
Android Users Are More Humble, Honest & Kind than IPhone People: Study



A person's choice of mobile phone can say a lot about their personality, according to new research.

Scientists have discovered that people who purchase Android phones are more honest and humble than those who pick iPhones.

The study also found that women were twice more likely to own an iPhone than an Android and that iPhone users were more worried about having a high status phone than others.


"This study provides new insights into personality differences between different types of smartphone users,” said Heather Shaw, from the University of Lincoln in the U.K.

"Smartphone choice is the most basic level of Smartphone personalisation, and even this can tell us a lot about the user,” she added.

Researchers conducted two studies of personality differences between iPhone and Android smartphone users.
In the first study, the researchers asked 240 participants to complete a questionnaire on characteristics they associate with users of each Smartphone brand.

In the second study they tested these stereotypes against actual personality traits of 530 Android and iPhone Smartphone users.


The results from the first study showed that Android users are perceived to have greater levels of honesty and humility, agreeableness and openness personality traits but are seen as less extroverted than iPhone users.

The results from the second study showed that most of the personality stereotypes did not occur in reality, as only honesty and humility was found in greater amounts within Android users.

Shaw further said: 'Imagine if we further researched how personality traits relate to the applications people download.

'It is becoming more and more apparent that smartphones are becoming a mini digital version of the user, and many of us don't like it when other people use our phones because it can reveal so much about us'.




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