Friday, 15 November 2019
Google Camera App Introduces Top Shot Support for Short Videos on Pixel 4, 3a, and 3
Sunday, 24 March 2019
Here's Why TikTok May be More Than a Passing Fad
Hello, person who is, statistically speaking, a human adult aged approximately “millennial" to “boomer." The analytics suggest a high likelihood that you’re aware there is an app named TikTok , and a similarly high likelihood that you’re not totally sure what it’s all about. Maybe you asked someone younger in your life, and they tried to explain and possibly failed. Or maybe you’ve heard that this new, extraordinarily popular video app is “a refreshing outlier in the social media universe" that’s “genuinely fun to use." Maybe you even tried it, but bounced straight out, confused and sapped.
“Fear of missing out" is a common way to describe how social media can make people feel like everyone else is part of something — a concert, a secret beach, a brunch — that they’re not. A new wrinkle in this concept is that sometimes that “something" is a social media platform itself. Maybe you saw a photo of some friends on Instagram at a great party and wondered why you weren’t there. But then, next in your feed, you saw a weird video, watermarked with a vibrating TikTok logo, scored with a song you’d never heard, starring a person you’d never seen. Maybe you saw one of the staggering number of ads for TikTok plastered throughout other social networks, and the real world, and wondered why you weren’t at that party, either, and why it seemed so far away.
It’s been a while since a new social app got big enough, quickly enough, to make nonusers feel they’re missing out from an experience. If we exclude “Fortnite," which is very social but also very much a game, the last time an app inspired such interest from people who weren’t on it was ... maybe Snapchat ? (Not a coincidence that Snapchat’s audience skewed very young, too.)
And while you, perhaps an anxious abstainer, may feel perfectly secure in your “choice" not to join that service, Snapchat has more daily users than Twitter, changed the course of its industry, and altered the way people communicate with their phones. TikTok, now reportedly 500 million users strong, is not so obvious in its intentions. But that doesn’t mean it doesn’t have them! Shall we?
The basic human explanation of TikTok
TikTok is an app for making and sharing short videos. The videos are tall, not square, like on Snapchat or Instagram ’s stories, but you navigate through videos by scrolling up and down, like a feed, not by tapping or swiping side to side.
Video creators have all sorts of tools at their disposal: filters as on Snapchat (and later, everyone else); the ability to search for sounds to score your video. Users are also strongly encouraged to engage with other users, through “response" videos or by means of “duets" — users can duplicate videos and add themselves alongside.
Hashtags play a surprisingly large role on TikTok. In more innocent times, Twitter hoped its users might congregate around hashtags in a never-ending series of productive pop-up mini-discourses. On TikTok, hashtags actually exist as a real, functional organizing principle: not for news, or even really anything trending anywhere else than TikTok, but for various “challenges," or jokes, or repeating formats, or other discernible blobs of activity.
TikTok is, however, a free-for-all. It’s easy to make a video on TikTok, not just because of the tools it gives users, but because of extensive reasons and prompts it provides for you. You can select from an enormous range of sounds, from popular song clips to short moments from TV shows, YouTube videos or other TikToks. You can join a dare-like challenge, or participate in a dance meme, or make a joke. Or you can make fun of all of these things.
TikTok assertively answers anyone’s what should I watch with a flood. In the same way, the app provides plenty of answers for the paralyzing what should I post? The result is an endless unspooling of material that people, many very young, might be too self-conscious to post on Instagram, or that they never would have come up with in the first place without a nudge. It can be hard to watch. It can be charming. It can be very, very funny. It is frequently, in the language widely applied outside the platform, from people on other platforms, extremely “cringe."
So that’s what’s on TikTok. What is it?
TikTok can feel, to an American audience, a bit like a greatest hits compilation, featuring only the most engaging elements and experiences of its predecessors. This is true, to a point. But TikTok — known as Douyin in China, where its parent company is based — must also be understood as one of the most popular of many short-video-sharing apps in that country. This is a landscape that evolved both alongside and at arm’s length from the U.S. tech industry — Instagram, for example, is banned in China.
Under the hood, TikTok is a fundamentally different app than American users have used before. It may look and feel like its friend-feed-centric peers, and you can follow and be followed; of course there are hugely popular “stars," many cultivated by the company itself. There’s messaging. Users can and do use it like any other social app. But the various aesthetic and functional similarities to Vine or Snapchat or Instagram belie a core difference: TikTok is more machine than man. In this way, it’s from the future — or at least a future. And it has some messages for us.
Consider the trajectory of what we think of as the major social apps.
Instagram and Twitter could only take us so far.
Twitter gained popularity as a tool for following people and being followed by other people and expanded from there. Twitter watched what its users did with its original concept and formalized the conversational behaviors they invented. Only then, and after going public, did it start to become more assertive. It made more recommendations. It started reordering users’ feeds based on what it thought they might want to see, or might have missed. Opaque machine intelligence encroached on the original system.
Something similar happened at Instagram, where algorithmic recommendation is now a very noticeable part of the experience, and on YouTube, where recommendations shuttle one around the platform in new and often ... let’s say surprising ways. Some users might feel affronted by these assertive new automatic features, which are clearly designed to increase interaction. One might reasonably worry that this trend serves the lowest demands of a brutal attention economy that is revealing tech companies as cynical time-mongers and turning us into mindless drones.
These changes have also tended to work, at least on those terms. We often do spend more time with the apps as they’ve become more assertive, and less intimately human, even as we’ve complained.
What’s both crucial and easy to miss about TikTok is how it has stepped over the midpoint between the familiar self-directed feed and an experience based first on algorithmic observation and inference. The most obvious clue is right there when you open the app: the first thing you see isn’t a feed of your friends, but a page called “For You." It’s an algorithmic feed based on videos you’ve interacted with, or even just watched. It never runs out of material. It is not, unless you train it to be, full of people you know, or things you’ve explicitly told it you want to see. It’s full of things that you seem to have demonstrated you want to watch, no matter what you actually say you want to watch.
It is constantly learning from you and, over time, builds a presumably complex but opaque model of what you tend to watch, and shows you more of that, or things like that, or things related to that, or, honestly, who knows, but it seems to work. TikTok starts making assumptions the second you’ve opened the app, before you’ve really given it anything to work with. Imagine an Instagram centered entirely around its “Explore" tab, or a Twitter built around, I guess, trending topics or viral tweets, with “following" bolted onto the side.
Imagine a version of Facebook that was able to fill your feed before you’d friended a single person. That’s TikTok.
Its mode of creation is unusual, too. You can make stuff for your friends, or in response to your friends, sure. But users looking for something to post about are immediately recruited into group challenges, or hashtags, or shown popular songs. The bar is low. The stakes are low. Large audiences feel within reach, and smaller ones are easy to find, even if you’re just messing around.
On most social networks the first step to showing your content to a lot of people is grinding to build an audience, or having lots of friends, or being incredibly beautiful or wealthy or idle and willing to display that, or getting lucky or striking viral gold. TikTok instead encourages users to jump from audience to audience, trend to trend, creating something like simulated temporary friend groups, who get together to do friend-group things: to share an inside joke; to riff on a song; to talk idly and aimlessly about whatever is in front of you. Feedback is instant and frequently abundant; virality has a stiff tailwind. Stimulation is constant. There is an unmistakable sense that you’re using something that’s expanding in every direction. The pool of content is enormous. Most of it is meaningless. Some of it becomes popular, and some is great, and some gets to be both. As The Atlantic’s Taylor Lorenz put it, “Watching too many in a row can feel like you’re about to have a brain freeze. They’re incredibly addictive."
TikTok is just doing to you what you told it to do
In 1994, artist and software developer Karl Sims demonstrated “virtual creatures" that moved in realistic ways discovered through “genetic algorithms." These simulations, through trial and error, gradually arrived at some pre-existing shapes and movements: wriggling, slithering, dragging and walking.
But some early models, which emphasized the creatures’ ability to cover a certain distance as quickly as possible, resulted in the evolution of a very tall, rigid being that simply fell over. In doing so, it “moved" more quickly than a wriggling peer. It didn’t understand its evolutionary priority as “creature-like locomotion." It needed to get to a certain place as efficiently as possible. And it did.
Older social apps are continuously evolving, too. Their models prioritize growth and discovery, of course, but also assume the centrality of your people: the accounts you follow and which follow you, or with whom you communicate directly, and are bound up in their founding myths and structures: Facebook’s social graph; the News Feed; the Instagram feed; Twitter’s rigid user relationships.
TikTok though is the towering stick falling far and fast, not caring to wait to evolve through a wriggling, cumbersome social phase, but instead asking: Why not just start showing people things and see what they do about it? Why not just ask people to start making things and see what happens? If engagement is how success is measured, why not just design the app where taking up time is the entire point? There’s no rule, in apps or elsewhere, against engagement for engagement’s sake. Let the creature grow tall and fall upon us all.
In What Laboratory Was This Monster Made?
TikTok is far from an evolutionary fluke. Its parent company, ByteDance, recently valued at more than $75 billion, bills itself first as an artificial intelligence company, not a creator of mission-driven social platforms. TikTok was merged with Musical.ly, a social network initially built around lip-syncing and dancing and adopted by very young people. It still carries a lot of Musical.ly’s DNA, and its app store reviews contain more than a little yearning for Musical.ly’s return. It was the defunct Musical.ly against which the Federal Trade Commission recently levied its largest-ever penalty for mishandling the private data of young users.
Tuesday, 5 March 2019
Xiaomi Redmi Note 7 Pro First Impressions: Taking the Redmi Note Legacy to a New Level
The Redmi Note 7 Pro priced at Rs 13,999 is the phone to beat in the mid-range category this year.
At the start of 2019, some reports emerged online stated that Xiaomi will be more aggressive with its pricing strategy this year to tackle the competition better. Xiaomi always used to price their devices aggressively, but in 2018, there were some devices like the Redmi Y2 and Redmi 6 Pro which disappointed consumers in terms of pricing.
Just when everyone thought that Xiaomi would not get any more aggressive in the Indian market, out came the Poco F1 which is still the best smartphone under Rs 20,000. But Poco is Xiaomi’ newly established sub-brand and everyone expected the price of Poco F1 would be aggressive. On February 28, Xiaomi launched two Redmi Note phones in India and the Chinese company blew everyone with the pricing of both the phones. The phones in question are Redmi Note 7 and Redmi Note 7 Pro. Right after the Note 7 series announcement, Asus reduced the price of its three-month-old Zenfone Max Pro M2 by a massive margin.
The Redmi Note series from Xiaomi always offered incredible performance at a pocket-friendly price. Since the first Redmi Note 4G launch in India, Xiaomi kept the pricing of the base model at Rs 9,999, and it continues this year as well. The standard Redmi Note 7 starts at Rs 9,999, and for the users who’re looking for an even more powerful smartphone, we have the Redmi Note 7 Pro that ticks almost every box on paper.
The Redmi Note 7 Pro is a major upgrade over the Redmi Note 6 Pro that was launched in November 2018 in India. It sports a different design compared to what we’ve seen with Xiaomi devices in the past, offers the powerful Snapdragon 675 Mobile Platform, up to 128GB of internal storage, 48MP rear camera and a 4000mAh battery. The price of the Redmi Note 7 Pro’s base variant is set as Rs 13,999 which is incredible for a phone with such specifications. Read on to find more about the Redmi Note 7 Pro in detail.
Xiaomi Redmi Note 7 Pro First Impressions: Design and Display
Xiaomi is never known for launching smartphones with a flashy design like those of Honor and Huawei phones. However, that’s changing with the Redmi Note 7 Pro; The phone sports a glass back with Corning Gorilla Glass 5 protection. The leading smartphone brand in India has used a polycarbonate frame which runs around the edges of the phone. The Note 7 Pro comes in three colour variants- Nebula Red, Neptune Blue and Space Black; Besides the Space Black variant, the other two colour options has a gradient back, meaning colours on the rear panel vary with angles. If you’ve seen the Honor phones which launched recently, then the design of the Note 7 Pro will seem familiar to you.
Thanks to the glass back, the Note 7 Pro feels a bit heavy when taken into hands, but again, Xiaomi has distributed the weight evenly and the curved edges make up for an excellent in-hand feel. Lastly, we have the button placements which haven’t seen any change compared to the predecessors; To the right, we have the power button and volume rockers, at the top we have the IR Blaster and 3.5mm headphone jack, and on the left, Xiaomi has added the SIM card tray which accepts dual nano-SIM cards or a nano-SIM card and a microSD card.
For the first time on a Redmi Note device, Xiaomi has used a USB Type-C port. Yes, the Redmi Note 7 and Note 7 Pro comes with USB Type-C port located on the bottom flanked on either side by speaker grilles.
Moving onto the display, the Note 7 Pro rocks a 6.3-inch Full HD+ LTPS In-Cell display with an aspect ratio of 19.5:9 and a resolution of 1080×2340 pixels. There’s a Dot Notch on top of the display- again a first on a Redmi Note smartphone and a noticeable chin is also present. Initial impressions are the display on the Note 7 Pro seems way better than what we’ve seen on the Redmi Note 6 Pro and Note 5 Pro smartphones that were released last year.
Xiaomi Redmi Note 7 Pro First Impressions: Hardware and Software
Last year with the Redmi Note 5 Pro, Xiaomi debuted the Qualcomm Snapdragon 636 SoC, and this year, it’s bringing the Qualcomm Snapdragon 675 SoC to under Rs 15,000 price point with the Note 7 Pro. We’ve seen the Snapdragon 675 Mobile Platform earlier on the Vivo V15 Pro and it performs slightly better than the Snapdragon 710 SoC which the Nokia 8.1 uses. Paired with the chipset is 4GB/6GB of RAM and 64GB/128GB of internal storage. There’s a hybrid microSD card slot for storage expansion up to 256GB. The phone runs MIUI 10 based on Android 9 Pie out of the box.
The Note 7 Pro performed extremely well during our three-day usage and what surprised me is memory management. Xiaomi’s MIUI is known for aggressive memory management in favour of battery life, but that seems to be not the case with the Note 7 Pro as the phone had more than eight apps in memory. Do make a note that I have the 4GB+64GB variant of Note 7 Pro. Like the older Redmi Note phones, the Note 7 Pro also rocks a 4000mAh battery and it has support for Qualcomm Quick Charge 4+ technology. Inside the retail box, Xiaomi is bundling a 10W charger which is also a welcome change.
The fingerprint scanner on the Note 7 Pro is present on the rear side and it gets the job done. MIUI 10 also offers a software-based Face Unlock and it has seen a minor speed improvement too.
As for the connectivity options, the Note 7 Pro has support for Wi-Fi 802.11 ac, Bluetooth 5.0, GPS and USB Type-C port. It also offers Dual 4G functionality to use two 4G SIM cards simultaneously. There’s a lot of confusion regarding the Carrier Aggregation support on the Note 7 Pro; Yes, the phone supports CA and I have noticed the same on Airtel 4G (4G+) network in Hyderabad, but the actual configuration is not known at the moment.
Xiaomi Redmi Note 7 Pro First Impressions: Cameras
Now, let’s address the elephant of the room and what Xiaomi is teasing a lot about the Note 7 Pro. The Xiaomi Redmi Note 7 Pro packs a 48MP Sony IMX586 sensor on the rear side. Do make a note that it’s a true 48MP sensor from Sony and not the one which is present on the Redmi Note 7 Chinese variant. To recall, the Note 7 in China uses the Samsung GM1 sensor which is also present on the Vivo V15 Pro which effectively is a 12MP sensor.
With the Sony IMX586 48MP sensor in place, the Redmi Note 7 Pro captures detailed shots which is something Xiaomi is again betting on. The primary sensor works in tandem with a 5MP depth sensor that collects bokeh information for portrait shots. By default, the Note 7 Pro captures images in 12MP mode, but you can easily switch to the 48MP mode inside the camera app.
The camera app also comes loaded with a lot of features including a Night mode that seems to work really well. The Note 7 Pro has support for 4K video recording at 30fps unlike the Note 6 Pro and Note 5 Pro smartphones. And to remove the hassle of shaky videos, Xiaomi has added Electronic Image Stabilisation support as well. On the front side, the Note 7 Pro has a 13MP shooter for selfies and video calls which is sort of a downgrade from the 20MP unit we saw on its predecessor. The front-facing camera also has a portrait mode and it works on AI.
I have captured some images using the Redmi Note 7 Pro and they look stunning, at least for the asking price. Take a look at the samples.
Xiaomi Redmi Note 7 Pro First Impressions: Conclusion
With the Xiaomi Redmi Note 7 Pro, the Chinese company is taking the Redmi Note legacy to a new level. All these years, the Redmi Note series stood as the best sub Rs 15,000 smartphone and there’s no doubt the same will continue this year as well. At the same time, the Note 7 Pro bridges the gap between a flagship phone and a mid-range smartphone. For the unaware, the Snapdragon 675 Mobile Platform delivers the performance which is on par with the Snapdragon 835 chipset.
The Redmi Note 7 Pro price in India is Rs 13,999 for the 4GB+64GB variant and Rs 16,999 for the 6GB+128GB storage mode. The first sale of the device will be held on March 13 exclusively on Flipkart, Mi.com and Mi Home offline stores. Stay tuned for our full review of the Note 7 Pro dropping next week.
Wednesday, 13 February 2019
Google hiring Indian engineers to develop its own microchips
Google is not just a software company because the tech giant has proved its capabilities in the hardware lineup also. The company has come up with products like Google Pixel smartphones, Assistant-powered Google Home, Chromecast, and Pixelbooks and more. The company has also taken the responsibility of producing Tensor Processing Units (TPUs) Titan or Titan M security chips, and also Pixel Visual Core chips.
The company is now looking forward to chip-making endeavours. On LinkedIn, the company has posted jobs for hiring a minimum of 20 employees in India for its "gChips" team and also expected to expand the team in future. The new site is in Bengaluru and the company is hiring for more post including two executive positions. Bengaluru is known as silicon valley of India and been a centre for semiconductor development for more than 20 years. Google is preferring the location to easily find the veterans for the endeavour. The company is searching for candidates with years of experience of working with chipmakers like Intel, Qualcomm, Broadcom and NVIDIA.
The tech giant has lister around 13 for various roles through its own hiring platform Google Careers. It has been reported that the company will expand the team to 80 by the end of this year. Right now, the team will "fine-tune and test" prototypes before they are sent to manufacturers. The current chipset-related openings in Google India include two positions of leadership: SoC Physical Design and Methodology Lead SoC RTL Lead Two engineering positions including: SoC/ASIC Design for Testability Engineer Floorplan Engineer (ASIC/SoC).
This development comes in when Apple is planning to expand the manufacturing and assembling expensive units such as iPhone X in India. The company is already assembling iPhone SE and iPhone 6s, and it is planning to expand the manufacturing centres in the southern parts of the country.
Monday, 11 February 2019
I Love Mi Days Sale: Redmi Note 6 Pro, Redmi 6, Redmi Note 5 Pro, Mi TV 4A Pro Get Discounts
A host of smartphones and other devices from the house of Xiaomi have received discounts as part of the “I Love Mi Days” sale, which is now live on Flipkart, Mi.com, and Amazon. The Redmi 6, Redmi Note 6 Pro, and the Redmi Note 5 Pro are among the smartphones, which are available at discounted price points as a part of the ongoing sale. Aside from the smartphones, Xiaomi is also offering the Mi Band HRX edition and Mi TV 4A Pro at a reduced price among other products.
Starting with the Redmi Note 6 Pro ₹ 13,599, the smartphone's 4GB RAM + 64GB storage variant is now available at Rs. 12,999 on the three websites. The higher-end variant of the smartphone, which packs 6GB of RAM and 64GB of internal storage, can be purchased for Rs. 14,999. In addition to the discount, Amazon, Flipkart, and Mi.com are also offering no-cost EMI plans on the Redmi Note 6 Pro, alongside exchange discounts and various bank offers.
Its predecessor, the Redmi Note 5 Pro ₹ 11,898 has also received a temporary price cut on its 6GB RAM + 64GB internal storage variant during the ongoing sale. The smartphone is available at Rs. 12,999 and also comes with no-cost EMI offers, exchange discounts, and bank offers. The affordable Redmi 6 has also been discounted and its 3GB RAM + 64GB internal storage version can be purchased for Rs. 8,499 during the sale.
In addition to the smartphones, one can also get the Mi Band HRX Edition at a discounted price of Rs. 1,299 during the ‘I Love Mi Days' sale. The Mi TV 4A Pro too has received a price cut on the three e-commerce platforms. While Flipkart is offering a discount on both 43-inch and 49-inch models of the TV, Mi.com and Amazon are offering a temporary price cut just on the 43-inch and 49-inch models respectively. The reduced price-tags for the Mi TV 4A Pro's 43-inch and 49-inch models are Rs. 22,999 and Rs. 30,999 respectively.
The “I Love Mi Days” sale concludes on February 13, 2019 on all three platforms. As we mentioned earlier, the sale is live on Mi.com, Flipkart and Amazon.
Friday, 8 February 2019
6 Blue Chip Stocks At Risk As Corporate Profit Margins Fall
6 Blue Chips Facing Rising Costs
· Harley-Davidson Inc.; motorcycle manufacturer
· Caterpillar Inc.; construction machinery and equipment company
· Church & Dwight Co., Inc.; manufacturer of household products
· Eastman Chemical Co.; global specialty chemical company
· Fortune Brands Home & Security Inc.; manufacturer of home fixtures and hardware
· Ford Motor Co.; multinational automaker
While earnings estimates in 2019 have dropped off significantly to a modest 0.5%, revenue estimates remain roughly unchanged, at about 5.6%, per CNBC. This trend has puzzled market watchers. While margin erosion can be caused by various factors including currency fluctuations, higher rates and lower prices of goods and services, the likely culprit is a combination of higher costs and pricing pressure. After a period of expanding profit margins, to above 10% over the recent years, these new headwinds could reverse that trend, spelling bad news for earnings and thus stock prices of some of the most well-known blue chip companies.
Church & Dwight
A prime example of a large-cap company who has seen a bite taken out of its profit margins is Church & Dwight, the maker of Arm & Hammer baking soda. This week, the firm said that higher prices it has been charging for its products have not been enough to offset a rise in costs and falling margins. Church & Dwight highlighted an uptick in prices for commodities and transportation, as well as the impact of tariffs. Shares plunged 8% on the news. Nonetheless, Church & Dwight is hopeful it will be able to offset a rise in costs by boosting productivity and continuing to lift prices.
Tax Reform
While it may seem logical to attribute earnings weakness to a difficult comparison to 2018, given last year’s boost from the Trump corporate tax cuts, some analysts have ruled out tax reform as the cause.
“Flat earnings growth in 19Q1 isn't due to tax reform,” said Refinitiv’s David Aurelio, per CNBC. "Based on what I can see; increased costs seem to be the driver."
Pricing Pressure
Pricing pressure, another driver of margin erosion, has resulted from increased industry competition in markets such as semiconductors. Companies including Micron Technology Inc. (MU), Nvidia Corp. (NVDA), and Applied Materials Inc. (AMAT) have seen large drags on earnings thanks to headwinds including a down cycle in chip prices.
Falling prices have also presented a challenge for companies like Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX).
To rub salt in the wound, analyst on the Street have reduced their earning estimates for these sectors in the recent weeks, contributing to significant declines in Q1 estimates.
Has the Street Become Too Harsh?
Fears could be overblown, according to some market bulls.
“The trauma of December and the fear of a global slowdown have made analysts much more aggressive in cutting estimates,” said CFRA’s Lindsey Bell. "We don't appear to be going into a recession, and inflation is still sub-2 percent.”
Goldman Blames US-China Trade Wars
Last fall, analysts at Goldman called a reversal in expanding profits, citing the escalating U.S.-China trade war, per an earlier Investopedia story. The investment firm estimated that its 2019 EPS estimate for the S&P 500 would fall by 7% as a result of new tariffs, representing flat earnings growth over 2018.
Looking Ahead
In order to hedge against margin erosion and the threat of rising costs, analysts at Goldman recommend choosing stocks with “high and stable gross profit margins” as a way to battle this trend. In the firm’s US Weekly Kickstart report dated September, Goldman listed 33 stocks with ample pricing power to withstand rising input prices from tariffs, including Adobe Systems Inc. (ADBE), VMWare Inc. (VMW), Expedia Group Inc. (EXPE) and Autozone Inc. (AZO).
Friday, 1 February 2019
Budget 2019 gives little to the rich, a lot to low income group: Here’s who gains and how much
The bigger gainers are all individuals with net taxable income up to Rs 5 lakh who will not have to pay any tax as per Budget 2019 proposals.
The main gain from Budget 2019 proposals for salaried and pensioners is reduction in tax burden due to the proposed increase in standard deduction from earlier Rs 40,000 to Rs 50,000. The Budget 2019 also proposes rebate for all those with taxable income upto Rs 5 lakh. Tax on deemed rent from second vacant house payable by house owners has also been abolished.
Who gains and by how much:
1. Budget 2019 has increased standard deduction for the salaried and pensioners to Rs 50,000 from the existing Rs 40,000. The increase in standard deduction by Rs 10,000 means a saving of Rs 2080 for those with income from Rs 5 lakh to Rs 10 lakh, a saving of Rs 3120 for those with income from Rs 10 lakh to Rs 50 lakh and Rs 3432 for those with income above Rs 50 lakh upto Rs 1 crore. Those with incomes above Rs 1 crore will save only Rs 3588. These figures include cess and surcharge. Standard deduction for current FY is Rs 40,000 and is proposed to be hiked to Rs 50,000 for FY2019-20.
2. The bigger gainers are all individuals with net taxable income upto Rs 5 lakh who will not have to pay any tax as per Budget 2019 proposals. Those in this category were paying a maximum tax of Rs 13,000 earlier. Therefore, it amounts to a saving upto Rs 13,000 for all those in this category. It is to be clarified that this benefit is in the form of a rebate of entire tax payable only for those with taxable income upto Rs 5 lakh, according to Shalini Jain, tax partner, people advisory services ..
3. Those with two houses were earlier liable to pay income tax on deemed rent on their second house if it was not rented out/vacant. One house was allowed to be treated as ‘self occupied’ property and no tax was payable if it was self occupied/ vacant. This comes as huge relief for home owners and may encourage more people to invest in property. The amount of tax relief in this case will depend on the amount of ‘deemed rent’ on which tax was payable earlier.
4. TDS limit has been raised for income from bank and post office deposits for individuals aged up to 60 years. Also TDS limit has been raised for non-individuals paying rent. These moves will increase tax convenience for those involved but there is no specific tax saving for them.
Saturday, 27 October 2018
Market selloff? Jhunjhunwala shows the way
Talking head
But ace investor Rakesh Jhunjhunwala belongs to a different tribe, who seems to have other plans. It's business as usual for Jhunjhunwala, who is a classic example of how to keep a cool head in times of selloff.
The reverse pitch
DHFL: Keeping faith
It has been a steady innings
There are more...
Jhunjhunwala also purchased 5 lakh shares in Jubilant Life Sciences during the quarter, upping his stake to 1.6 per cent from 1.3 per cent. In Escorts, he bought 42,368 shares, taking his holding to 8.2 per cent from 8.1 per cent.
In SpiceJet, he held 1.3 per cent stake at the end of the September quarter. He last held 1.9 per cent stake in the aviation stock at the end of June quarter of 2014.
Besides, he held 2.4 per cent stake in Fortis Healthcare at the end of September quarter. It was at 1 per cent in the December quarter of 2016, when he last figured among shareholders holding 1 per cent stake or more stake in the company.
Watch your step
Rallis India and Lupin are where he sold 7 lakh and 5 lakh shares, respectively. Jhunjhunwala had 3.22 per cent stake in Anant Raj at the end of June quarter. His name was missing in the September quarter shareholding pattern.
Saturday, 20 October 2018
WhatsApp's vacation mode will make all muted archived chats stay archived even when new messages arrive
Friday, 19 October 2018
OnePlus 6T price in India leaked: It’s more expensive than OnePlus 6
OnePlus 6T will launch globally and in India on October 30. Prior to the official unveiling, a new report reveals the price of the upcoming smartphone.
Thursday, 18 October 2018
Flipkart vs Amazon: Consumer complaints on the rise as sales go up
The share of e-commerce complaints of the total NCH complaints is set to jump from 18% in September to 20% this month. Flipkart and Amazon have registered the maximum complaints.
Saturday, 13 October 2018
Triple whammy for paint sector: Rough road ahead
SBI Net Banking May Get Blocked If Mobile Number Is Not Registered By December 1
Friday, 12 October 2018
How to turn a family shop into a $1.8 billion multinational
Mohan Vaswani’s father, who started selling textiles in 1948 from a shop the size of a shipping container in a small town in Indonesia, once told him “One day you will operate across the world.”
Eighty-year-old Vaswani now oversees Tolaram Group, a Singapore-headquartered company with an estimated value of $1.8 billion. Tolaram is building a port in Nigeria, producing paper in Estonia, running a bank in Indonesia and supplying power in India. It has food production and distribution operations across Africa and sells to more than 75 countries. Now, the company is expanding into digital services and plans to add a hedge fund to its wealth operations.
How the company got here is based on those 70-year-old roots, forging a group that still feels more like a collection of startups and separate businesses than a multinational conglomerate. One of its latest ventures, an online loan business called Tunaiku, operates almost as a distinct venture within the group’s PT Bank Amar Indonesia.
And while the family controls the firm, day-to-day operations at all 18 business units are run by professional outside managers, who are encouraged to try new ideas.
“We are not afraid,” Vaswani said. “When we see opportunities, we are ready to take the risk.”
“In my family, you got handed over the reins at an early age. Unlike today, there was no need to study first.”
“I told a friend of mine who has business in Africa that I wanted to diversify out of Indonesia. And he said ‘Why don’t you come to Africa?’”
“Well, I don’t know anything about Africa,” Vaswani replied.
In his office in a high-rise industrial block on the outskirts of Singapore, Vaswani looks at pictures of his family -- from one decorated with a Hindu flower chain of grandfather Seth Tolaram, after whom the company is named, down to his nine grandchildren.
Vaswani didn’t follow the typical Asian family business model, where operations, wealth and family members are interwoven and all controlled by a patriarch.
That may be one reason the company has avoided the fate of many family businesses that fail once the enterprise is handed over to the second or third generation.
As chairman, Vaswani is no longer involved in day-to-day operations, but he comes to the office each day and is consulted on major decisions made in the family office and the business.
He also oversees the expansion of the group, which now has more than 10,000 employees, compared with about 1,000 in the 1970s, when the company focused on Indonesia. He says he prefers the group to grow organically rather than through acquisitions, hiring young people and grooming them to the company culture.
“In our DNA, our allegiance is to the Tolaram family," Aswani says.
Tuesday, 2 October 2018
Rainmaker in Kotak can make IL&FS fix easy for government
The government’s choice of Uday Kotak to lift the multi-billion Infrastructure Leasing & Financial Services Ltd out of bankruptcy should be no surprise. He is one of the few bankers in the country who have navigated banking crises successfully not once, but at least thrice.
Even for Uday Kotak — who witnessed the Harshad Mehta scandal in the early 1990s, the CRB scam, the bursting of the tech bubble and the post Lehman credit crisis — the job at hand is of monstrous proportion. The balance sheet size of IL&FS is Rs 1,15,815 crore.
What is Kotak’s selling point? A sense of caution. When many bankers were getting carried away by the growth opportunities from infrastructure lending, Kotak saw what all could go wrong. And everything has unfolded just the way he anticipated.
Thanks to his belief that banks are not designed to lend to infrastructure, his bank managed to keep bad loans low at 2.17% of total bad loans when it was 10.69% for India’s largest lender State Bank of India.
One of Kotak’s jobs is to untangle the numerous subsidiaries and associate companies which have mushroomed over the years under IL&FS. Should he aim to revive the institution, or seek moratorium on payments, sell assets and pay as and when an asset is monetised? That’s a difficult question to answer, but the rainmaker in Kotak could make it easy for government.
His instinct for deal making is legendary — from selling the ‘Good Knight’ mosquito coil brand to Godrej, to stepping in to buy a controversial stake in Asian Paints on behalf of UK’s ICI, to the takeover of ING Vysya Bank — all testify to his ability to sell assets at a valuation that few would complain about.
A key principle that Kotak has kept as a bedrock of his business is to keep it simple. That helps him see the risks associated with complicated lending practices and instruments that could initially appear exotic but blow up during times of stress.
While his business has thrived for more than three decades during the ups and downs of the Indian economic cycle, Kotak’s desire to live through the tests could help him overcome the obstacles at IL&FS too.
“If what you create does not outlive you, then you have failed,” Kotak had told ET in an interview. “The thing that excited me then, and that excites me now, is the fun in the journey, and not the destination.”
Over a period, Kotak Mahindra Bank has become a lender with a market value of Rs 2.14 lakh crore, but what has guided Kotak has been the belief that he has to fend for himself and ‘there’s no big brother’ to bail him out. The task before him now is challenging and he will need all his wits to revive IL&FS and bring down its debt.
Friday, 6 July 2018
How your smart TV is spying on every other gadget in your home
Smart-home gadgets are quietly sweeping through homes across the United States. Whether it’s a Google Home on your kitchen counter, an internet-connected door lock, or a robotic vacuum that talks to your phone, it’s hard to buy a home appliance these days without the option of tying it in to your home Wi-Fi network.
One of the first things to be swept up by our always-connected overlords were TVs, since people enjoy watching YouTube and Netflix without needing a separate box. But as a new report from the New York Times points out, smart TVs are collecting far more data than we probably realize.
The report looks at one provider of smart TV tracking services called Samba TV. It puts tracking software on smart TVs from Sony, Sharp, TCL and Philips, among others. It’s an opt-in service, but like most things, it seems that people just click OK to enabling it during the set-up process, as the company says that 90 percent of people choose to opt in, and its software runs on 13.5 million smart TVs in the US alone.
For consumers, Samba TV tracks on-screen content and uses that to recommend new content, apps, or better-targeted adverts. But for marketers, it scoops up far more data:
( The big draw for advertisers — which have included Citi and JetBlue in the past, and now Expedia — is that Samba TV can also identify other devices in the home that share the TV’s internet connection.
Samba TV, which says it has adhered to privacy guidelines from the Federal Trade Commission (FTC), does not directly sell its data. Instead, advertisers can pay the company to direct ads to other gadgets in a home after their TV commercials play, or one from a rival airs. Advertisers can also add to their websites a tag from Samba TV that lets them determine if people visit after watching one of their commercials. )
In practice, this is like the real-world version of cookies that track users’ browsing habits from one website to the next. It means that rather than treating your smart TV as a standalone device, it sees it as part of a wider network of smart home devices, and enables companies to track you from your TV to your iPad to your Google Home, making the arm of the digital advertiser just that little bit longer.
Wednesday, 4 July 2018
Asus launches OnePlus 6 competitor Zenfone 5z at Rs 29,999
Asus has launched the Zenfone 5z here in India. The device will pose a direct threat to popular phones in the same segment. OnePlus 6 that comes with a base price of Rs 34,999 is expected to get a lot of competition from the new phone. The Asus Zenfone 5z was first unveiled at the MWC 2018. The device smartphone will be sold exclusively on Flipkart.
Flipkart had accidentally listed the smartphone one day before the official launch. The official price of the Zenfone 5z is the same as what was reported earlier. The device will be made available in three variants. The 6GB RAM, 64GB storage variant is priced at Rs 29,999. The second variant comes with 8GB RAM, 128GB of storage and is priced at Rs 32,999. The third variant comes with 8GB RAM and 256GB of storage is priced at Rs 36,999.
The Asus Zenfone 5z will start selling from July 9. Launch offers include flat discounts, cheaper mobile protection and no-cost EMIs. ICICI Bank credit and debit card holders can get a flat Rs 3,000 discount on the device. Flipkart's 'Complete Mobile Protection' plan worth Rs 2,299 is being offered at Rs 499. For buyers interested in purchasing the smartphone on installments, Flipkart is offering no-cost EMIs starting at Rs 3,333 a month. Reliance Jio will offering a 2,200 cashback and 100GB data with the purchase of Zenfone 5z.
To enhance the after sales service of the device , Asus will be providing free pick and drop of faulty devices, a substitute phone and invoice free walk-in.
Coming to the specifications of the device, Asus Zenfone 5z comes with flagship features. The device features a Snapdragon 845 chipset assisted by Adreno 630. The device features a 6.2inch IPS LCD display with a FullHD+ Super IPS+ display covered by Corning Gorilla Glass. The phone boasts a screen to body ratio of 83.6 per cent. Like most flagships from this year, the Asus Zenfone 5z also sports a notch to house the front camera and all the necessary sensors.
The camera on the device is a dual lens setup with one 12megapixel unit and the other with an 8megapixel sensor. The camera also gets EIS for stable videos. The front camera is an 8megapixel unit which also gets gyro EIS for stable shots.
The phone runs on Android 8.0 Oreo with Asus' ZenUI 5.0 on top. The device has a dual SIM slot (nano). One of the slot doubles up as a memory card slot that can hold a card of up to 400GB. The phone comes with a 3300mAh battery and comes equipped with a USB Type C port.
Tuesday, 3 July 2018
How to take care of Smartphone in Monsoon
You can't leave a gadget at home just because it is raining outside. But how do you stay connected and at the same time protect your gadgets during India's rather long monsoon?
SMARTPHONES
Since the phone is with you 24x7 they stand the highest risk of getting wet. Even if you are using a good cover to protect it from dust and scratches, it won't be good enough to stop the water from getting in. All smartphones have multiple ports through which water can seep in and damage the circuit board.
You can get over this problem by buying covers like the Capedase for iPhone that come with plugs for these ports. There are also special covers that protect the phone from water damage, like the Grifiin Survivor Case. Such options are available for all smartphones, though at a cost. Prices start from Rs 1,500.
Dry Case for smartphones: Rs 2,699
This is a crystal waterproof case for smartphones and portable music players that offers full functionality. You can suck out all air with a hand pump provided in the kit.
TIPS:
A Bluetooth headset is made for these conditions. Keep your phone safe in the bag inside a zip pouch and continue to answer calls on the handsfree.
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