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Sensex surges 191 points in morning trade

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A day after Union Budget 2016-17 was announced, a benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Tuesday was trading 190.98 points or 0.83 percent up during the morning session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 89 points up at 7,075.65 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 23,153.32 points, was trading at 23,192.98 points (at 9.16 a.m.) in the early session, up 190.98 points or 0.83 percent from the previous day’s close at 23,002.00 points.

The Sensex touched a high of 23,219.95 points and a low of 23,133.18 points in the trade so far.

Wefornews Bureau

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Facebook launches TikTok-like product inside Instagram

Similar to TikTok, Reels users can record short mobile-friendly vertical videos, then add special effects and soundtracks pulled from a music library.

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The product immediately got uptake with several celebrities, following a push by Facebook to attract creative talent before launch: actress Jessica Alba posted a video with her family promoting her Honest Company’s masks, while comedian Mindy Kaling showed off an intentionally underwhelming quarantine “workout” routine.

Reels’ debut comes days after Microsoft said it was in talks to acquire TikTok’s U.S. operations from China’s ByteDance. ByteDance has agreed to divest parts of TikTok, sources have said, under pressure from the White House, which has threatened to ban it and other Chinese-owned apps over data security concerns.

The launch escalates a bruising fight between Facebook and TikTok, with each casting the other as a threat. Both have been eager to attract American teenagers, many of whom have flocked to TikTok in the last two years.

Reels was first tested in Brazil in 2018 and then later in France, Germany and India, which was TikTok’s biggest market until the Indian government banned it last month following a border clash with China. Facebook also tried out a standalone app called Lasso which did not gain much traction.

Similar to TikTok, Reels users can record short mobile-friendly vertical videos, then add special effects and soundtracks pulled from a music library.

Those similarities led TikTok Chief Executive Kevin Mayer to call Reels a “copycat product” that could coast on Instagram’s enormous existing user base after “their other copycat Lasso failed quickly.”

Facebook faced similar charges at a congressional hearing on U.S. tech companies’ alleged abuse of market power last week, with lawmakers suggesting the company has copied rivals like Snapchat for anti-competitive reasons.

Vishal Shah, Instagram’s vice president of product, acknowledged the similarities in a Tuesday video conference call with reporters and said that “inspiration for products comes from everywhere,” including Facebook’s teams and “the ecosystem more broadly.”

Instagram is not yet planning to offer advertising or other ways for users to make money through Reels, although it did recruit young online stars like dancer Merrick Hanna and musician Tiagz – who was recently signed by Sony/ATV after rising to fame via TikTok memes – to test the product ahead of launch.

The company paid the creators for production costs, Shah said.

Joe Gagliese, chief executive of influencer marketing agency Viral Nation, said Reels was poised to mimic Instagram’s success with Stories, a product modeled on Snapchat’s core offering.

“They’re a huge monstrous threat (to TikTok),” he said. “The current turmoil couldn’t be playing more into (Instagram’s) court to launch this thing.”

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Lava launches budget smartphone for Rs 7,777

The smartphone sports a dual rear camera setup of 13MP + 5MP with LED flash and a13MP selfie camera with screen flash.

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Lava Z66 Mobile

New Delhi, Aug 4 : Domestic mobile manufacturer Lava on Tuesday launched a new smartphone Z66 as the latest addition in its Z series for Rs 7,777.

Lava Z66 features a 6.08-inch HD+ notch display with a 2.5D curved screen and 19:9 aspect ratio. The device is powered with a 1.6 GHz octa-core processor with 3GB RAM and a storage capacity of 32GB (expandable up to 128GB).

The smartphone is currently available at offline stores and will soon be available on Amazon and Flipkart in three colour variants – marine blue, berry red and midnight blue, the company said in a statement.

“This beautiful device not only lets you click the most stunning pictures but also delivers a power-packed all-round performance,” Tejinder Singh, Head- Product, Lava International said in a statement.

The smartphone sports a dual rear camera setup of 13MP + 5MP with LED flash and a13MP selfie camera with screen flash.

The camera also comes with features like beauty mode, night mode, HDR mode, burst mode, panorama, time lapse and slow motion, along with filters.

The device houses a 3950mAh battery and runs stock Android OS (Android 10).

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New Google Chrome extension brings more ad transparency

Named Ads Transparency Spotlight, the early version of the extension is available on the official Chrome Web Store, ZDNet reported on Sunday.

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San Francisco, Aug 3 : As part of its efforts to give people more visibility into the data used to personalise ads, Google has launched a new Chrome extension that lists all companies and services with a presence on the page including content delivery networks or analytics providers.

The extension includes the criteria used to show ads, the ad tech companies helping to display these ads, and the ad platform companies serving these ads on a web page.

Named Ads Transparency Spotlight, the early version of the extension is available on the official Chrome Web Store, ZDNet reported on Sunday.

At the time of release, it only shows information about those ads purchased through Google Ads that have implemented the Ad Disclosure Schema, a uniform system for advertisers to disclose how their ads work.

As others implement this schema, these ads will also appear in the extension.

“Over time, we hope the industry will incorporate the Ad Disclosure Schema into their ads,” Google said.

Google said it released the extension to provide a tool for transparency into the criteria being used to show ads.

“Our ultimate goal is to support a more transparent ad ecosystem globally,” the company added.

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