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India’s retail inflation remains static at 3.28% in Sept: Govt

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New Delhi, Oct 12 : India’s annual retail inflation in September remained static at 3.28 percent from a year ago, government data showed on Thursday.

As per the  Ministry of Statistics and Programme Implementation data, the September’s Consumer Price Index (CPI) inflation remained at 3.28 per cent as compared to that in August.

While this month’s Fuel inflation was stood at  5.56 percent as compared with 4.94 percent in July.

Housing inflation witnessed a grew 6.1 percent in September from 4.98 percent in July.

Whereas,Vegetables prices increased 3.92 percent in September against 6.1 percent last month. Similarly, prices of pulses continued to fall (-)22.51 percent, as compared with (-)24.40 in August.

Wefornews Bureau 

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New WhatsApp Terms of Service reveals close collaboration with Facebook

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New Delhi, Feb 22: In an apparent hint that Facebook is set to monetise its WhatsApp operations, a new Terms of Service (ToS) spotted in the Google Play Beta Programme says that WhatsApp will work with Facebook companies over the next year to help businesses connect with its 1.5 billion users.

WABetaInfo, a website that tracks WhatsApp Beta programmes, said that in the latest 2.18.57 version, WhatsApp has laid down plans to work closely with Facebook companies.

“For example, you might see Facebook options to start a conversation with a business on WhatsApp,” the new ToS read.

“If you use Facebook Company Products, we will ask Facebook to use the information it has about you and your interests to help us provide you a way to connect with businesses in a relevant and personalised manner through informational and marketing messages, business directory listings, [and other sponsored content/ads] on WhatsApp,” it added.

WhatsApp will also work with Facebook to measure the effectiveness of these connections for itself and the businesses.

“Once we start to work with Facebook on these relevant and personalised experiences, you’ll be able to manage the experience in your [Facebook ad settings and ad preferences] [and we will tell you when these are available],” the Facebook-owned messaging service said.

It, however, said added: “When we share your personal information with other Facebook companies, it will only be used to provide services to WhatsApp on our behalf in accordance with our instructions and terms or to help ensure the safety, security, and integrity of WhatsApp and other Facebook company products.

“Nothing you share on WhatsApp, including your phone number, will be shown on Facebook or any of the Facebook company products, unless you choose to show it,” the company said in the new ToS.

In the latest Beta version, WhatsApp said it is working to find useful ways for its users to connect with businesses on WhatsApp so they can receive things like order, transaction and appointment information, delivery and shipping notifications, product and service updates, marketing messages, business directory listings to discover businesses on WhatsApp, and other sponsored content/ads from these businesses.

To help businesses communicate better with their customers in India, WhatsApp last month officially rolled out “WhatsApp Business” — a free-to-download Android app for small businesses — in the country.

The new app, available on Google Play Store, will make it easier for companies to connect with customers, and more convenient for its users to chat with businesses that matter to them.

The app will help customers with useful information such as a business description, email or store addresses and website.

It will also save time with smart messaging tools like quick replies that provide fast answers to frequently asked questions, greeting messages that introduce customers to your business, and away messages that let them know you’re busy.

IANS

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Key Indian equity indices open on negative note

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Mumbai, Feb 22: Taking a cue from global markets, the key Indian equity market indices on Thursday opened lower ahead of futures and options (F&O) expiry.

The Sensitive Index (Sensex) of the BSE, which had closed at 33,844.86 points on Wednesday, opened lower at 33,817.09 points.

Minutes into trading, it was quoting at 33,726.79 points, down by 118.07 points, or 0.35 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,397.45 points on Wednesday, was quoting at 10,341.60 points, down by 55.85 points or 0.54 per cent.

On Wednesday, bargain hunting by investors lifted the key Indian equity indices ahead of the F&O expiry, snapping a three-day losing streak.

According to market observers, healthy buying in IT, technology, media and entertainment and banking stocks added to the upward trajectory of the benchmark indices.

The Sensex was up by 141.27 points or 0.42 per cent at the Wednesday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 33,911.36 points and a low of 33,702.50 points.

The Nifty too, was up by 37.05 points or 0.36 per cent.

On Thursday, Asian indices were mostly showing a negative trend.

Japan’s Nikkei 225 was trading in red, down by 0.91 per cent, Hang Seng down by 0.97 per cent while South Korea’s Kospi was also down by 0.49 per cent.

China’s Shanghai Composite index was the only quoting in green, up by 1.91 per cent.

Nasdaq closed in red, down by 0.22 per cent while FTSE 100 was up by 0.48 per cent at the closing on Wednesday.

IANS

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Jio to invest Rs 10,000 crore in 3 years in UP: Mukesh Ambani

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Lucknow, Feb 21: Reliance Jio will invest another Rs 10,000 crore in Uttar Pradesh over the next three years, Reliance Industries Limited Chairman Mukesh Ambani said here on Wednesday.

“Today I am happy to inform this audience that Jio is one of the largest investors in Uttar Pradesh with investments of over Rs 20,000 crore. Jio is providing the highest quality data at the lowest price in the world to over 2 crore citizens of Uttar Pradesh,” Ambani said while addressing the Uc.

“I have come to Lucknow to assure the Prime Minister and the Chief Minister that Jio’s Digital Revolution is here to make the maximum contribution to UP’s development revolution,” he added.

While talking about affordable handsets, JioPhone, Ambani said: “Jio will make available over two crore JioPhones in UP within the next two months on a priority basis.”

He mentioned that Jio has already created over 40,000 direct and indirect jobs in the state.

“Jio will establish a Centre for the Fourth Industrial Revolution within the campus of a reputed university in Uttar Pradesh,” Ambani added.

IANS

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