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Facebook Workplace adds 2 million more paid users since October

For example, with Workplace Rooms, users can invite up to 50 people to a video call even if they are not in their company or do not have a Workplace account.

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Facebook CEO Mark Zuckerberg

San Francisco, May 22 : With the Covid-19 pandemic dramatically accelerating the shift to remote work, Facebook’s collaboration tool for businesses, Workplace, has amassed five million paid users — up two million since October.

And Work Groups, a type of Facebook Group that helps people connect with their coworkers, has over 20 million monthly active users after just six months, Facebook said in a blog post on Thursday.

“Today we’re introducing new video features in Workplace We’re also adding features to Workplace on Portal, and widely releasing Oculus for Business to meet early demand for VR-powered training and collaboration,” the social networking giant said.

For example, with Workplace Rooms, users can invite up to 50 people to a video call even if they are not in their company or do not have a Workplace account.

“Whether you’re holding team meetings, hosting a virtual happy hour, or just jumping on quick one-on-one calls, you can easily create video call links from Workplace Chat, Groups, News Feed or Portal, then share them in a chat, post, email or text message, Facebook said.

A new way to go live on Workplace from your desktop is “Live Producer” which lets people to schedule live videos, share their screen and use the live Q&A feature to let people ask and vote on questions.

You can turn on automatic captions for live videos in English, French, German, Italian, Portuguese and Spanish. Workplace will also automatically translate videos in one of these languages into the other five, so employees around the world can follow along, Facebook announced.

Facebook said it is also bringing some of the Portal video-calling device’s interesting features such as Artificial Intelligence (AI)-powered Smart Camera and Smart Sound to Workplace Live on Portal so that users can have professional-level broadcasting wherever they are.

The social networking giant also announced that Oculus for Business, an enterprise solution designed to streamline and expand virtual reality in the workplace, is now generally available.

Oculus for Business is built on Workplace, leveraging its security infrastructure and privacy practices.

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Azim Premji and Dr Devi Shetty chosen for PCB awards

Besides them 25 senior journalists have been selected for the ‘Press Club Annual Awards’, a release said.

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Azim Premji Wipro

Bengaluru, Jan 19: The chairman of Wipro Limited Azim Premji and the founder chairman of Narayana Health Dr Devi Prasad Shetty are among those who have been selected for the annual awards given by the Press Club of Bangalore.

Premji has been chosen for ‘Press Club Person of the Year’, while Dr Shetty and actor-Director Sudeep Sanjeev have been selected for the ‘Press Club Special Award.’

Besides them 25 senior journalists have been selected for the ‘Press Club Annual Awards’, a release said.

Chief Minister B S Yediyurappa will facilitate the awardees at a function scheduled for the third week of February, it said.

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Healthcare sector revenues likely to grow by 20% in FY22: ICRA

he risks to the recovery could be in the form of additional regulatory measures, protracted restrictions on international travel and jump in Covid-19 cases”.

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healthcare sector

New Delhi, Jan 19: Even as the healthcare sector witnessed squeezing of revenues due to the Covid-19 pandemic, its long-term outlook remains stable on the back of swift rebound in occupancy as well as structural factors, ICRA said on Monday.

The rating agency expects the occupancy of companies in the sector to bounce back substantially to 60 per cent in FY22, from the estimated occupancy of 52 per cent in FY21, and the revenue growth to be at 20 per cent in FY22, against an estimated contraction of 19 per cent in FY21, aided by a lower base as well.

There has been significant sequential improvement in occupancy every month after the sharp fall in April and the pent-up demand is also likely to support the performance, as elective procedures cannot be delayed indefinitely by domestic as well as international patients, the report noted.

Due to the high operating leverage, the EBITDA margin is likely to rise to 13 per cent in FY22, against an estimated EBITDA margin of 9 per cent in FY21. The capital expansion was already slowing down, even pre-Covid, and is likely to remain modest in FY22 as the players have adequate capacity to grow over the medium term and the near-term focus is on better utilisation of the existing facilities rather than expansion of the network.

Consequently, the capex as well as startup costs of new hospitals are likely to be much lower going forward, which will also aid profitability. The net debt is expected to stay largely range-bound, but the debt protection metrics is likely to improve significantly due to a sharp rise in accruals, ICRA said.

According to Kapil Banga, Assistant Vice President, ICRA: “The credit risk profile of entities in the sector had been on improving the trajectory over the last two years and notwithstanding the near-term disruption due to the pandemic, as well as given the essential nature of the services, ICRA believes the sector will resume on its growth trajectory in FY22. The risks to the recovery could be in the form of additional regulatory measures, protracted restrictions on international travel and jump in Covid-19 cases”.

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Excise duty collection surges 48% in FY21 on high fuel levies

The total excise duty in the last financial year was over Rs 2.39 lakh crore.

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Modi Poster on Petrol Pump

New Delhi, Jan 17 : As the government has kept excise duty on petrol and diesel elevated amid the pandemic with a view to increase revenue, the total excise duty collection during April-November FY21 has surged nearly 48 per cent as compared to the year ago period.

The excise duty collection during the first eight months of the current financial year was over Rs 1.96 lakh crore, compared to over Rs 1.32 lakh crore collected during April-November FY20, official data showed.

The collection in November 2020 was highest so far in the financial year 2020-21 at Rs 35,703 crore. In November 2019, excise duty collection stood at Rs 18,948 crore.

The total excise duty in the last financial year was over Rs 2.39 lakh crore.

As fuel prices are at record high despite low crude oil prices, demand has been raised from several quarters to reduce the excise duty on petrol and diesel to provide relief to the common man.

In the national capital, petrol is sold at a record high level of Rs 84.70 a litre while diesel is priced at Rs 74.88 per litre.

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