Elections in India, Brazil and EU real tests for Facebook: Zuckerberg

Agencies
July 27, 2018

New Delhi, Jul 27: Facebook chief Mark Zuckerberg believes that upcoming elections in countries like India and Brazil will be "real tests" for the social media giant and has exuded confidence that the firm will "get this right" given its recent crackdown on fake accounts.

The US-based firm has been mired by controversies around data leaks of about 87 million users globally and fake news being circulated through its platform. The company has drawn flak on these issues from policy makers across the world, including the Indian government that has shot off two notices to the firm over the data breach.

"Over the next 18 months, there are important elections beyond the US in Brazil, India, and the EU, and these will all be real tests for Facebook," Zuckerberg said during a recent investor call.

He further stated that he is confident that the company "will get this right given our results during last year's French and German elections, the Alabama special election, as well as this month's presidential election in Mexico, where our systems found and removed thousands of fake account pages and groups that violated our policies".

Zuckerberg pointed out that the company is getting rid of the financial incentives for spammers to create fake news and has stopped pages that repeatedly spread false information from buying ads.

"And we also use artificial intelligence to prevent fake accounts that generate a lot of the problematic content from ever being created in the first place," he added.

Facebook, which has over two billion users globally, including over 200 million in India, had faced backlash on the Cambridge Analytica data breach issue where the UK-based data mining firm was accused of harvesting personal user data of 87 million global users of Facebook illegally to influence polls in several countries.

During a joint hearing of the US Senate Judiciary and Commerce committees earlier this year, Zuckerberg had emphasised that he wants to ensure protection of integrity of elections, mentioning that he knows the importance of the upcoming polls in countries such as India, Hungary and Brazil.

Apologising for the "major breach of trust", he had promised to take steps to protect user data.

In response to the first notice of the Indian government, Facebook had admitted that nearly 5.62 lakh people were "potentially affected" by the data breach incident.

Last month, India's Election Commission had asked Facebook to examine blocking of political advertisement during last 48-hours before elections in the country.

At a June 4 meeting of the Committee constituted by the Election Commission of India (ECI), a Facebook representative had then agreed to examine providing a window or button on the Facebook page for flagging complaints about violation of election laws, according to minutes of the meeting reviewed by PTI.

The representative had at that time also agreed to examine if the number of Facebook reviewers attending to complaints against contents posted by users can be increased from current 7,500 persons.

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Agencies
July 2,2020

Paris, Jul 2: Several interacting exoplanets have already been spotted by satellites. But a new breakthrough has been achieved with, for the first time, the detection directly from the ground of an extrasolar system of this type.

An international collaboration including CNRS researchers has discovered an unusual planetary system, dubbed WASP-148, using the French instrument SOPHIE at the Observatoire de Haute-Provence (CNRS/Aix-Marseille Universite).

The scientists analysed the star's motion and concluded that it hosted two planets, WASP-148b and WASP-148c. The observations showed that the two planets were strongly interacting, which was confirmed from other data.

Whereas the first planet, WASP-148b, orbits its star in nearly nine days, the second one, WASP-148c, takes four times longer. This ratio between the orbital periods implies that the WASP-148 system is close to resonance, meaning that there is enhanced gravitational interaction between the two planets. And it turns out that the astronomers did indeed detect variations in the orbital periods of the planets.

While a single planet, uninfluenced by a second one, would move with a constant period, WASP-148b and WASP-148c undergo acceleration and deceleration that provides evidence of their interaction.

The study will shortly be published in the journal Astronomy & Astrophysics.

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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
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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