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Google unveils ‘Oreo Go’ to drive Internet adoption
Posted on 5th December 2017
New Delhi: Tech giant Google on Tuesday unveiled a slew of new solutions, such as Android Oreo Go edition for low-cost smartphones and a bike mode for Maps, aimed at driving Internet adoption across markets, including India.

The company has also worked with Mukesh Ambani-led Reliance Jio to bring a customised version of Google Assistant (virtual assistant) to the latter’s smart feature phones. Caesar Sengupta, vice-president, Next Billion Users, said Google’s India-first suite of products and features are aimed to help more people discover how the Internet can make life easier and more convenient.

“These products and features are India-first, but they are not India-only. When we build better products for India, we ultimately build better products for everyone,” he added. Citing the example of the bike mode on Google Maps and addition of bill payment feature in Tez, Sengupta said, “These additions both speak to the specific lifestyles of a large number of Indians”.

“Then you have those who are just adopting Internet. For them, Android Oreo (Go edition) will help improve the experience on entry-level phones while new apps like Files Go will ensure their experience is smooth and they consume less data,” he said.

Files Go helps users free up space on their devices, find files faster and share files offline with people nearby. Sengupta told PTI that he expects handset makers to bring smartphones based on Android Oreo (Go) edition in early 2018.

Previously, Google had partnered with Indian handset makers like Micromax and Spice to launch entry-level Android One smartphones. But unlike Android One, Android Go is a software available for any handset with 1GB RAM or less. There will also be a new set of lighter Google apps, including Google Go (for search) aimed at first time smartphone users.

Google has already launched Youtube Go that is in beta testing phase in India. Sengupta said a special version of the Google Assistant — in both English and Hindi — has been developed for Reliance Jio phones. This is the first time that Google’s virtual assistant has been made available on a feature phone.

Over the next few months, Google will also offer information on air quality for 20 Indian cities through its platform. Talking about Tez launched in September this year, Sengupta said the app now has 12 million users.

“Over the next few weeks, Tez will offer a customised experience to pay bills from within the app ... More than 70 billers will be supported, including utilities and direct-to- home service providers,” he said. Within months of launch, Tez has already seen 140 million transactions and accounted for 70% of the country’s UPI transactions in the months of October and November.

On the two-wheeler mode in Maps, Sengupta said the feature will be available in India starting today, with more countries in the coming months. Google, which offers Internet access at railway stations in partnership with RailTel, said the service will be available at 400 stations in 2018. Sengupta said Google is now working on offering WiFi hotspots across Indian cities and is also taking it to other markets like Indonesia.


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SEBI ORDERS ATTACHMENT OF BANK, DEMAT AC/S OF EXELON INFRA, 3 DIRECTORS
Posted on 19th July 2018
Markets regulator Sebi has ordered the attachment of bank and demat accounts as well as mutual fund holdings of Exelon Infrastructure and its three directors to recover dues of over Rs 46 lakh. In four separate but similarly worded orders dated July 12, the regulator said the four entities have not made payment of the dues within the stipulated time and there is sufficient reason to believe that they may dispose of the proceeds and securities in the respective bank and demat accounts.

IOC adds 7 medal events to 2022 Beijing Winter Games
Posted on 19th July 2018
Planning for its next three Olympic Games, the International Olympic Committee (IOC) has added seven medal events to the 2022 Beijing Winter Games, published a 2020 Tokyo Olympics schedule with no agreement on when to race swimming finals, and set a timetable to add new sports to the 2024 Paris Olympics.

Android access: EU levies $5-billion fine on Google
Posted on 19th July 2018
Google received a record €4.3-billion ($5 billion) antitrust fine from the European Union and was ordered to change the way it puts search and web browser apps on Android mobile devices, reports Bloomberg. More significantly, Google was given 90 days to stop what the EU said were “illegal practices” on contracts with handset manufacturers that push Google services in front of users.

Ashok Leyland slumps 14% on demand worries
Posted on 19th July 2018
Shares of Ashok Leyland on Wednesday slumped nearly 14% as analysts expressed concerns over demand uncertainty and high competition after the government brought in new axle norms for load carrying capacity.

The stock plunged 13.93% to settle at Rs 110.60 on BSE. During the day, it tanked 14.90% to Rs 109.35.


Nifty Smallcap sinks 22.8%, loses Rs 1.3 lakh cr in m-cap
Posted on 19th July 2018
The Nifty Smallcap Index has lost nearly a quarter of its value in 2018 so far, leaving investors with fairly large losses. While the index has yielded a negative return only once in the last six years through 2017, its 22.8% plunge this year is the biggest since 2011.

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