'Bolo' app won't send children's data to us: Google

Agencies
March 7, 2019

New Delhi, Mar 7: Joining the race to grab the attention of young children, Google on Wednesday launched the beta version of its "Bolo" app to help primary grade children improve Hindi and English reading skills, while ensuring that the app do not send out data on children.

"Nothing is ever sent to Google through the app," Nitin Kashyap, Product Manager, Google India, told IANS, adding the app is meant for just 10-15 minutes of daily use.

Because the app works offline, there is less chance of children getting distracted and start doing something else online, he said.

"But should children get access to the phone or not is one area where we would not like to take a position. It's a personal decision that every parent should make for their child," Kashyap said.

The Bolo app is first-of-its-kind for Google as it has not launched an app targeting primary grade children anywhere else in the world.

The announcement comes barely a week after the operators of Chinese video social networking app TikTok agreed to pay $5.7 million (nearly Rs 40 crore) to settle the US Federal Trade Commission (FTC) allegations that the company illegally collected personal information on children.

Google is, however, not the only company that is trying to make children familiar with the digital world.

Social media giant Facebook has "Messenger Kids", a video calling and messaging app aimed at those under 13 years of age.

While the app is available only in a few countries, over 100 child health experts last year urged Facebook to halt it, saying the "younger children are simply not ready to have social media accounts".

Facebook did not discard Messenger Kids, but it decided not to build a new app called "LOL" to let children share and post humorous meme content, according to a report in CNET last month.

Late Apple co-founder Steve Jobs never let his kids use iPads at home. "We limit how much technology our kids use at home," Jobs had told The New York Times.

Microsoft founder-turned-philanthropist Bill Gates, in an interview to the Mirror had said he set strict rules for how his three kids grew up "in a home that forbade cell phones until age 14, banned cell phone use at the dinner table, and set limits on how close to bedtime kids could use their phones".

Google, however, said it has been piloting Bolo with over 900 children in 200 villages in UP with the help of ASER Centre, a research and assessment unit of the Pratham Education Foundation.

With the app, 64 per cent of children showed an improvement in reading proficiency in just three months, it added.

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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Agencies
March 14,2020

New Delhi, Mar 14: Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Special excise duty on petrol was hiked by ₹2 to ₹8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.

Additionally, road cess on petrol was raised by ₹1 per litre each on petrol and diesel to ₹10.

The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices.

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