Facebook debuts 'Live Audio' on its platform, similar to podcast and radio

Android users will be able to continue listening to a Live Audio broadcast even if they leave Facebook app or lock their phones

 Breaking News - After successfully rolling out the facebook  live video feature, Facebook has now introduced "Live Audio" option — like traditional radio or podcasting — in your News Feed where users will be able to broadcast audio directly to the social network.

"We know that sometimes publishers want to tell a story on Facebook with words and not video. Our new 'Live Audio' option makes it easy to go live with audio only when that's the broadcaster's preferred format," said Shirley Ip, Product Specialist, and Bhavana Radhakrishnan, Software Engineer at Facebook in a blog post on Tuesday.

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"One thing we've heard is that partners want new formats for going live. We announced Live 360 last week, and today we're excited to announce another way to go live on Facebook," they added.

Facebook has witnessed some Pages find creative ways to go live and reach audiences with audio only by using the Facebook Live API or by adding a still image to accompany their audio broadcast.

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"ICC Awards 2016" Winners List

ICC Cricketer of the Year (Sir Garfield Sobers Trophy) – Ravichandran Ashwin (India)

ICC Test Cricketer of the Year – Ravichandran Ashwin (India)

ICC ODI Cricketer of the Year – Quinton de Kock (South Africa)

ICC T20I Performance of the Year – Carlos Brathwaite (West Indies)                                        (34 not out, 10 balls, 1x4, 4x6, ICC WT20 India 2016 final v England,Kolkata)

ICC Emerging Cricketer of the Year  – Mustafizur Rahman (Bangladesh)

ICC Associate/Affiliate Cricketer of the Year – Mohammad Shahzad (Afghanistan)

ICC Spirit of Cricket Award – Misbah-ul-Haq (Pakistan)

ICC Umpire of the Year (David Shepherd Trophy) – Marais Erasmus (South Africa)

ICC Test Team of the Year 2016 - David Warner (Australia) , Alastair Cook (England) (captain) , Kane Williamson (New Zealand) ,Joe Root (England) , Adam Voges (Australia) , Jonny Bairstow (England) (wicketkeeper) , Ben Stokes (England) , Ravichandran Ashwin (India) , Rangana Herath (Sri Lanka) , Mitchell Starc (Australia) ,Dale Steyn (South Africa) , Steve Smith (Australia)

ICC ODI Team of the Year 2016 - David Warner (Australia),Quinton de Kock (South Africa), Rohit Sharma (India), Virat Kohli (India) (captain),AB de Villiers (South Africa),Jos Buttler (England), Mitchell Marsh (Australia), Ravindra Jadeja (India),Mitchell Starc (Australia), Kagiso Rabada (South Africa), Sunil Narine (West Indies), Imran Tahir (South Africa)

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Don't share your user ID & password, may be misused: I-T dept warns users

'If a password is hacked or stolen, it can result in information security breach', warns I-T dept

Latest news - The Income Tax Department has warned taxpayers against sharing their user ID and password with any unauthorised person, saying they too will be liable to face consequences for misuse of their confidential information.

It further said that "if a password is hacked or stolen, it can result in information security breach, leading to undesirable consequences, including privacy violations".

It asked taxpayers to exercise caution in use of log-in credentials at TRACES, which should not be disclosed to any unintended or unauthorised individual. "If shared, the person using login credentials shall also be liable to consequences," it added.

Samsung Note 7 Fiasco, 'Freedom 251' Fraud, Driverless Cars: Tech News In 2016

TDS Reconciliation Analysis and Correction Enabling System (TRACES) helps easy filing of tax deducted at source (TDS) or tax collected at source (TCS) correction statements by deductors/collectors and related functionalities.

Breaking news is The taxman asked users to secure their password with at least eight characters in length and a combination of lower case, upper case, numeric and special characters.

"Do not write your password on notepads or the whiteboard at your desk," it cautioned.

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Full text: RBI exempts all KYC accounts from Rs 5,000 deposit norms

Central bank Withdraws provisions for questioning deposits in in fully KYC-compliant bank accounts

News Latest The Reserve Bank of India on Wednesday exempted Know Your customer (KYC) compliant accounts from the new rules on deposits of above Rs 5000 .

No questions will be asked for deposits of old notes of Rs 500 and Rs 1,000 above Rs 5,000 for KYC accounts.

Breaking news, In a message sent to all banks,  the RBI said it had reviewed its instructions and decided that the rule will not apply to KYC-compliant accounts.

RBI had earlier imposed restrictions on the quantum of old notes that can be deposited in bank accounts.Old notes up to the Rs 5,000 limit received across the counter would be allowed to be credited into bank accounts in the normal course until December 30, the RBI had clarified. In the due course of Demonetisation, RBI had also said that the depositor has to give an explanation as to why the old notes were not deposited earlier. The amount will be credited in the bank account only after receiving a satisfactory explanation.

Analysts had said the move would add to the woes of those still waiting to deposit old notes. However, officials said people with money that was accounted for had no cause to worry.

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Seven to one: How Cyrus Mistry was removed from Tata Sons on October 24

Ratan Tata said what Mistry had done in the past four years should be recognised

Monday, October 24, is a day former Tata Sons chairman Cyrus Mistry is unlikely to forget. The minutes of that day’s board meeting, which were included in Cyrus Mistry’s petition submitted to the National Company Law Tribunal, throw light on Mistry’s ouster.

The meeting, which was held at Bombay House to remove Cyrus Mistry, was chaired by the Tata Trusts’ nominee director on the Tata Sons board, Vijay Singh, and two other Trusts’ Stock Market news nominee directors on the Tata Sons board, Amit Chandra and Nitin Nohria. Ratan Tata attended the meeting as chairman emeritus. 

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The sacking

According to the minutes of the meeting, before the commencement of consideration of items in the agenda that was circulated to the directors on October 15, 2016, Nohria mentioned that the Trusts had asked its nominees on the board to bring a motion to the board of Tata Sons.......

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New agenda

Singh, as chairman of the meeting, proposed including additional matters that were not on the agenda but were circulated to the board of directors. His resolution was seconded by Sen......

Read our full coverage on Tata vs Mistry

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Recognise Mistry’s contribution: Tata

After the resolutions were approved, Tata said there was a need to recognise what Mistry had done in the last four years and the group needed to move forward as seamlessly as it could....

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Metlife deal

The board was informed by Hussain that Tata Sons and AIA planned to buy a 70 per cent stake in PNB Metlife, except the 30 per cent held by Punjab National Bank. Hussain is also chairman of Tata AIA Life Insurance Company news....

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2016, the year that was: Business and Economics

Millions of leaked documents, dubbed the Panama Papers, exposed the legal but dubious tax dealings

Around this time last year, the Coalition government was trying to manage the nation’s Business and Economy despite political shakeups, we were all watching a country on the verge of leaving the European Union, and some businesses were in the spotlight for behaving badly. Anyone getting deja vu?

As we look back at what made news in business news  and economics news in 2016, there is certainly a little bit of history repeating, in addition to some being made.

1. Scandals, insolvency and bad behaving banks
2. Questioning China’s influence in Australia
3. Changing industries
4. Global waves beyond Australia’s shores
5. Backpackers, 457 visa and migrant workers
6. Company results
7. Budget, election, budget update

As in the Trump and Brexit tumult overseas, Australians are also unhappy with inequality in the property market, superannuation and household incomes and wealth, just to name a few.

But despite all this tension, it should be calm around the Christmas dinner table. As long as no one mentions smashed avocado…

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Donald Trump wins more than 270 Electoral College votes to formally become president-elect

An effort by anti-Trump forces to persuade Republican electors to abandon the president-elect came to practically nothing

There were many protesters but few faithless electors as Donald Trump won the Electoral College vote ensuring he will become America's 45th president.

An effort by anti-Trump forces to persuade Republican electors to abandon the president-elect came to practically nothing and the process unfolded largely according to its traditions.

Trump's polarising victory November 8 and the fact Democrat Hillary Clinton had won the national popular vote had stirred an intense lobbying effort, but to no avail.

Even one of Trump's fiercest Republican rivals, Ohio Governor John Kasich, said it was time to get behind the president-elect.

"We want unity, we want love," Kasich said as Ohio's electors voted to back Trump at a statehouse ceremony. Kasich refused to endorse or even vote for Trump in the election.

With Hawaii still to vote, Trump had 304 votes and Clinton had 224. It takes 270 Electoral College votes to win the presidency. Texas put Trump over the top, despite two Republican electors casting protest votes.

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AIB, Phantom films, Dharma and more: Amazon banks on Bollywood for Prime Video

OTT service provider has long-term output deals with Dharma Productions, Vishesh Films and T-series

Amazon's big bang announcement about its Prime Video launch in India shook up the industry not only because of the highly competitive prices, but also for its proposed content offers. It announced a total of 18 shows, nine of which are already in production, in collaboration with content makers like All India Bakchod (AIB), Phantom Films and Excel Entertainment.

However, the American e-commerce giant's content plans were in motion well before the launch, and by the looks of it, Amazon Prime Video will be depending heavily on India's love for cinema—Bollywood and regional.

Amazon Instand Video Needs To Up Its UX Game, Or Get Run Over By The Netflix Machine

The OTT service provider went on a deal signing spree and currently has long-term output deals with Karan Johar's Dharma Productions, Mukesh Bhatt's Vishesh Films and Bhushan Kumar led T-series. Apart from this, Amazon also has movies in Marathi, Bengali, Tamil and Telugu.

At its launch, Prime Video has titles as recent as Sultan, Baar Baar Dekho, Fan, Sarabjit, Kapoor and Sons, Kabali, and Raaz Reboot, all released in late 2015 or 2016. Through its various deals, Amazon Prime Video also has rights to premier Bollywood films on its OTT service before the television premiere. This should give the company an edge in terms of attracting customers.

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11 curbs on deposits above Rs 5,000: All you should know

The RBI said these restrictive conditions would apply on cumulative deposit of notes in a single account if it exceeded Rs 5,000

The government and the Reserve Bank of India (RBI) on Monday imposed strict deposits curbs 11 days before the deadline to deposit scrapped Rs 500 and Rs 1,000 notes in bank accounts.

In separate notifications, the finance ministry and RBI said over Rs 5,000 worth of scrapped notes could be deposited in bank accounts only once, after the depositor had been questioned in the presence of at least two bank executives on why he or she could not deposit the amount earlier. The finance ministry’s notification came on Saturday but was released on Monday. RBI’s statement was also released on Monday.

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Demonetisation Saga

Nov 8:  Demonetisation announced. Rs 500 and Rs 1,000 notes become null with immediate effect. Deposits of old notes for over-the-counter exchange capped at Rs 4,000. Deposits in accounts with incomplete KYC norms capped at Rs 50,000.

Nov 14:  Exchange limit increased to Rs 4,500 from Rs 4,000

Nov 15:  Indelible ink to be used on people exchanging notes to weed out proxies

Nov 18:  Exchange limit reduced to Rs 2,000

Nov 24:  Exchange of old notes banned, foreigners exempted

Dec 19:  Deposit of old notes exceeding Rs 5,000 limited to only once per account till Dec 30, that too after scrutiny

 

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Flipkart lists 'Amazon exclusive' OnePlus 3 at Rs 18,999

The company has put up a sale of OnePlus 3 device at Rs 18,999, which will start at 4 pm on December 18

Of late, Flipkart hits the controversy by putting up a banner listing the sale of OnePlus 3 smartphone, which is exclusive to Amazon India, for under Rs 20,000 during the big billion sale, which started today i.e. on December 18.

While the listing brought a lot of attention from prospective buyers, it came as a shock to OnePlus CEO, Carl Pei who took to Twitter asking Flipkart’s co-founder Sachin Bansal to clear the ambiguity around the sale of OnePlus 3 on Flipkart.

The tweet saw no reply from Flipkart or from Sachin Bansal and soon Amazon India took to Twitter to warn customers to buy OnePlus 3 from Flipkart ‘on their own risk’.

.@_sachinbansal brother, what's this? We're exclusive with @amazonINpic.twitter.com/0QBoyagoXz

— Carl Pei (@getpeid) December 16, 2016

There is still a lot of ambiguity around the issue, but for Flipkart things are as normal as they ever were. The company has put up a sale of OnePlus 3 device at Rs 18,999, which will start at 4 pm (IST) on December 18. On product page, the device details ‘1 year warranty’ on smartphone and ‘6 month warranty’ on accessories.

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