WhatsApp has once again started rolling out the navigation bar on Android with the latest beta update. WABetaInfo, a platform that keeps track of all the updates and changes on WhatsApp, has reported that several users from across the globe have once again started rolling out the iOS-like bottom navigation bar on Android in beta. Navigation bar is making a comebackIt is important to note that this is not the first time WhatsApp on Android is getting the bottom navigation bar. A couple of months ago, WhatsApp rolled out the update in beta and then removed it in future updates. With the latest beta version 2.23.13.9, the bottom navigation bar has made a comeback. We also checked for the same and it is now available for several beta users in our team. What is this navigation bar?If you’ve seen the WhatsApp app on iPhone, then you must have noticed a bottom navigation bar instead of the top tabs on Android. The tabs have been replaced with the bottom navigation bar which includes options like Chats, Status, Communities and Calls. This looks interesting and modern. However, the redesign comes with a significant disadvantage. With this change, WhatsApp has also removed the swipe navigation gesture from the app. This means you can no longer swipe left or right to switch between different taps or options. AvailabilityWhatsApp has tested this new bottom navigation bar previously and then it went on to disable this for a while. Now that it has made a comeback, we expect that it will make the cut to the stable build soon. That said, WhatsApp hasn’t confirmed anything officially as of now and it may take a couple of updates to arrive on the stable version of the app.
India’s feature phone market grows by 9%: Report
India’s feature phone market witnessed notable growth in Q2 2023. According to a report by CyberMedia Research (CMR), the overall feature phone market shipments recorded 9% year-over-year (YoY) growth. The report also mentions that the growth of 2G feature phone shipments remained stable, while 4G feature phone shipments witnessed a sharp rise. As per the report, 4G feature phone shipments recorded a significant 108% YoY growth. This growth was primarily driven by feature phones, includingNokia 8000 4G, Nokia 106 4G and Itel Magic X Pro. The report also predicts India’s 4G feature phone market is expected to grow more in 2023. This growth is likely to be fueled by the introduction of phones like Reliance‘s JioBharat. Feature phone market leaders in IndiaItel led India’s feature phone market with a 35% market share, followed by Lava (30%), Nokia (11%), Karbonn (4%) and Samsung (3%). Karbonn saw a growth of 421% since Q2 2022 while Samsung’s shipments went down by 74%. The remaining brands saw similar growth in shipments in Q2 2023. Itel and Lava’s shipments grew by 29% while Nokia saw a 39% rise in its feature phone shipments.India’s overall smartphone market declines while the 5G segment grewThe report also mentions that the 5G smartphone shipment share in India has now increased to 47%. In Q2 2023, 5G smartphone shipments have also grown by 45% YoY while the overall smartphone market shipments reduced by 6%. India’s 5G smartphone market was dominated by Samsung. The South Korea-based tech giant was able to secure 24% of the market share. Samsung was followed by Chinese smartphone maker OnePlus which captured 20% market share. OnePlus beat Xiaomi (15%), Realme (12%) and OPPO (10%) to take the second position.The overall mobile market in India also shrunk by 2% YoY. With a 72% share, the value-for-money smartphone segment (Rs 7,000 – Rs 25,000), was the largest contributor to the market. However, due to slow demand, its shipments declined by 16%. The report also notes that the affordable smartphone segment (below Rs 7,000) also recorded a growth of 51% YoY, which was driven by models like Redmi A2 and Infinix 7 HD.
Sports Events: Hackers are now targeting high-profile sports events, venues: Microsoft report
High-profile or large sporting and entertainment events, especially those in increasingly connected venue environments, are now being targeted by hackers at increasing rates, a report by Microsoft has said. Microsoft released its fifth instalment of Cyber Signals – a cyber threat intelligence brief – which states that such large events can introduce cyber risk for organisers, regional host facilities and attendees. Read Also Xbox exploit allows hackers to ban accounts: Here’s what the company has to say Microsoft’s gaming division, Xbox, has denied the recent reports that an exploit in its console may let hackers permanently ban other user accounts, stated Kim Kunes, Xbox GM of trust and safety. Third-party apps or tools cannot impact player enforcements, and only accurate reports, violating the HackerOne lays off 12% workforce: Read CEO’s message to employees HackerOne has announced that it is reducing 12% of its workforce due to economic slowdown. More than 50 employees based in the US, Canada, UK, Netherlands, and other countries will be impacted. Affected employees will receive severance packages that include cash and non-cash benefits. While Hackers may have a Barbie movie ‘invitation’ for you Scammers are using the buzz around the much-awaited movie releases for Barbie and Oppenheimer for phishing scams to steal users’ money and sensitive information, according to cybersecurity experts at Kaspersky. One fake page offers limited-edition Barbie dolls and an exclusive discount for the What information is at riskThe report highlighted that sports teams, major league and global sporting associations, and entertainment venues house a trove of valuable information desirable to cybercriminals. The information on players’ and teams’ athletic performance, competitive advantage and personal information is a lucrative target. “Unfortunately, this information can be vulnerable at-scale, due to the number of connected devices and interconnected networks in these environments,” the report noted. “Often this vulnerability spans multiple owners, including teams, corporate sponsors, municipal authorities, and third-party contractors. Teams, coaches, athletes, and fans are also vulnerable to data loss and extortion,” it said. Key findings from the reportThe Microsoft report said that cyberattacks against sports organisations are increasing. As the pressure to deliver a smooth, safe experience on the world stage introduces new stakes for local hosts and facilities, a single misconfigured device, exposed password, or overlooked third party connection can lead to a data breach or successful intrusion. Microsoft says that it delivered cybersecurity support to critical infrastructure facilities during the FIFA World Cup Qatar 2022. “It performed over 634.6 million authentications while providing cybersecurity defences for Qatari facilities and organisations between November 10 and December 20, 2022,” the company said.According to the report, there are threats from nation-states and cybercriminal groups. As large global events continue to be desirable targets for threat actors, there are a variety of motivations from nation-states for broader geopolitical interests. “Furthermore, cybercriminal groups looking to leverage the vast financial opportunities that exist in sporting and venue-related IT environments will continue to see these as desirable targets,” the report noted. How to safeguardMicrosoft recommends having an additional set of eyes monitoring the event around the clock to proactively detect threats and send notifications. “Cybersecurity threats to sporting events and venues are diverse and complex. They require constant vigilance and collaboration among stakeholders to prevent and mitigate escalation, and with the global sports market valued at more than $600 billion, the target is rich,” the report said. Identifying potential threats specific to the event, venue, or nation where the event occurs is also an important step to keep cyberattacks at bay.
Amd: AMD ‘dials’ India to keep up with growing product demand
US chipmaker AMD last week said that it will invest around $400 million in India over the next five years to build its largest design centre in Bengaluru, highlighting the country’s importance as the emerging IT hub in the world. Now, AMD CTO Mark Papermaster has termed India as an important market for the company to keep up with the growing demand for its products. While talking to CNBC, Papermaster said AMD needs India to keep up with the growing demand for its products. “We have a global workforce. Our design efforts are global and doubling down on those investments, continuing our growth in India, are all part of what we need to stay pace with the growing demand for our products,” Papermaster was quoted as saying.The company’s largest design centre is expected to open before the end of 2023 and by the end of 2028, it is expected to add about 3,000 engineering roles. “We started with a small number of employees in Delhi in 2001. Today, we have over 6,500 full-time employees, and over 3,500 service contractors. So it’s with a population of about 10,000 people. And we’re really pleased to be growing our investment in India — a huge part of our portfolio and product development,” said Papermaster. AMD’s AI chipEarlier this year, AMD unveiled its flagship MI300 artificial intelligence (AI) chip and called it the most-advanced GPU for AI. The company CEO Lisa Su recently said that the company is now set to ramp up production of its flagship chips in the fourth quarter. She highlighted ‘very high’ customer interest in the MI300 series chips and AMD also expanded its work with “top-tier cloud providers, large enterprises and numerous leading AI companies” during the third quarter. She noted that the company is also looking to tap the Chinese market and is ready to modify its strategy. AMD aims to challenge market leader Nvidia that currently sells H100 chips.
Amazon: Cost cutting, layoffs and more: How Amazon recorded its best quarter in almost two years
Amazon was one of the first companies to have announced mass layoffs last year. It followed up with more layoffs and cost-cutting measures early this year. Reports suggested that Amazon laid off as many as 27,000 employees and took other cost-cutting measures. If Amazon’s quarterly earnings are to go by, the move seems to have paid off. Amazon reported revenue of $134.1 billion, which was an 11% increase year-over-year. Amazon has also seen its operating income improve. Brian Olsavsky, chief financial officer, Amazon, told investors on the earnings call that cost cutting has played a major role in it. “One of the largest drivers of this operating income improvement in the stores business has been reducing our cost to serve, with shipping costs and fulfillment costs continuing to grow at a slower pace than our unit growth,” he said. Andy Jassy, Amazon CEO, also spoke about cost-cutting measures in various units of the company. “We’re encouraged by the progress we’re making on several key priorities, namely lowering our cost to serve in our stores business,” he said. AI to lower costs Jassy also spoke about generative AI helping in lowering costs for Amazon. Every single one of our businesses inside of Amazon, every single one has multiple generative AI initiatives going right now, he said. “They range from things that help us be more cost-effective and streamlined in how we run operations in various businesses to the absolute heart of every customer experience in which we offer,” he added. Amazon, as per Jassy, is adding a lot more customers and optimising costs simultaneously. Talking about AWS’ revenue, he said, “To grow double digits on an $88 billion revenue run rate business, when you’re seeing that amount of cost optimization as every company in the world is trying to save as much money as they can in the last year, to still grow double digits on a base that size means that we’re acquiring a lot of new customers and a lot of new workloads.”
Gopro: GoPro to launch a new desktop app: All the details
Action camera maker GoPro has announced a new desktop app for its users. The company’s CEO Nicholas Woodmanconfirmed during the Q2 earnings call that all GoPro paid subscribers will have access to the software for no additional charge. The company also mentioned that the app will also sync with the cloud and mobile apps. Users will also be able to import footage from third-party cameras using this app. In 2018, the company discontinued its GoPro Studio editor app to promote the simpler Quik app. This will be GoPro’s first desktop app since then. The company also declared that the GoPro subscriber count has gone up. From a 2.36 million user base in the last quarter, the company’s subscriber count has now increased to 2.44 million. How GoPro performed in Q2 2023 “In Q2, GoPro saw an immediate retail sales and GoPro subscription lift as a result of our mid-quarter go-to-market strategy shift that included a return to pre-pandemic pricing and a greater emphasis on retail sales. We exceeded our Q2 expectations for unit sales, revenue and subscriber growth, all positive indicators that our strategy shift is working,” said GoPro CEO Nicholas Woodman.The company’s CFO and COO, Brian McGee added: “In the second quarter, we repurchased $15 million of stock and improved working capital as we reduced inventory.” GoPro clocked a revenue of $241 million in Q2 2023, which was 4% lower than the revenue from Q2 2022. The company’s revenue from retail channels increased by 6% since last year to $165 million. Meanwhile, the revenue from its official website (which includes subscription and service revenue) was $76 million. The revenue generated from the company’s website was 31% of the total revenue and was down by 21% year-over-year.Earlier this year, GoPro surpassed 2,000 patents worldwide and was included for the 5th consecutive year in the Intellectual Property Owners Association.
Smartphone Sales: Qualcomm prepares for more layoffs as smartphone sales drop
There has been a decrease in sales of smartphones, which has impacted component vendors such as Qualcomm. Qualcomm’s Q3 earnings for 2023 (fiscal year runs from October to September) indicate a 25 per cent decrease in sales of mobile chips, compared to the previous year, which amounted to $5.26 billion. Meanwhile, the net income dropped by 52 per cent year over year last quarter.Qualcomm predicts that there would be a further decrease in handset sales this year by at least a high-single-digit percentage. The company attributes the downfall in sales to a weaker global economy and a slow recovery in China. In response to lower earnings, Qualcomm plans to reduce expenses by laying off employees. Although the company had already cut 415 jobs at its San Diego headquarters earlier this year, its securities filing indicates that further reductions will be made.Citing unstable economic and demand situations, Qualcomm plans to restructure and reduce their workforce. The company says it is still finalising the plans but expects to pay significant restructuring fees during the fourth quarter of fiscal 2023. “Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions,” the filing says. “While we are in the process of developing our plans, we currently expect these actions to consist largely of workforce reductions, and in connection with any such actions we would expect to incur significant additional restructuring charges, a substantial portion of which we expect to incur in the fourth quarter of fiscal 2023. We currently anticipate these additional actions to be substantially completed in the first half of fiscal 2024.” In September 2020, Qualcomm had around 51,000 employees. During a call with analysts, Qualcomm’s CEO Cristiano Amon also revealed that the company intends to reduce costs. Chief Financial Officer Akash Palkhiwala added that the company’s cost-cutting measures would persist into the following fiscal year.
MapmyIndia Q1 Net Profit Zooms 32.2% YoY To INR 32 Cr
Revenue from operations rose 37.5% YoY to INR 89.4 Cr as MapmyIndia saw a strong growth across segments Total expenses rose over 48% to INR 55.8 Cr during the quarter under review from INR 37.7 Cr, with employee expenses accounting for the biggest chunk of it MapmyIndia said it continues to see an uptick in its IoT devices, with multiple wins from its B2B and B2B2C customers, and Mappls gadgets Geotech startup MapmyIndia on Friday (August 4) reported a 32.2% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 to INR 32 Cr on the back of a strong growth across segments. The company had reported a net profit of INR 24.2 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, MapmyIndia’s profit grew 13.1% from INR 28.3 Cr. Revenue from operations rose 37.5% to INR 89.4 Cr in Q1 FY24 from INR 65 Cr in the year-ago quarter. It grew 23.4% from INR 72.5 Cr in the preceding March quarter. While the map-led business contributed INR 66 Cr to the operating revenue, the internet of things (IoT)-led business accounted for INR 22.8 Cr. The startup said in a statement that it continues to see an uptick in its IoT devices, with multiple wins from its B2B and B2B2C customers, and Mappls gadgets. “Our strong Q1 YoY revenue growth was broad based with A&M (automotive and mobility tech) up 24% and C&E (consumer tech & enterprise digital transformation) up 51% on the market side. On the products side, map and data was up 41% and platform and IoT was up 35%,” MapmyIndia CEO and ED Rohan Verma said in a statement. The startup said it also bagged multiple new orders in Q1 FY24 across two-wheeler EV segment, with key go-lives including Hero MotoCorp’s new Harley Davidson X440 vehicle, the flagship Hero App companion app, and Ultraviolette F77 EV bike. Besides, it said that on the C&E side, multiple Open Network Digital Commerce (ONDC) enabled apps are up for APIs, which is further enabling MapmyIndia’s increased presence in the growing ONDC ecosystem. As a data and technology products and platforms company, MapmyIndia offers proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). Its product segment maps and data includes MaaS offerings, while platform & IoT includes SaaS and PaaS offerings. The company’s total revenue, including other income, jumped 36.9% YoY and 17.8% QoQ to INR 97.7 Cr during the quarter under review. Meanwhile, MapmyIndia’s total expenses rose over 48% to INR 55.8 Cr during the quarter under review from INR 37.7 Cr in Q1 FY23. Employee benefit expenses continued to contribute the highest to the startup’s total expenses – growing to INR 17.3 Cr in the quarter under review from INR 16.2 Cr in the year-ago period. On the other hand, its total cost of material surged over 90% YoY to INR 14.2 Cr in Q1. Technical services outsource and marketing and business promotion expenses grew over 500% YoY to INR 1.8 Cr and 6.4% to INR 1.7 Cr, respectively. MapmyIndia’s EBITDA rose 25.2% YoY to INR 37.4 Cr in Q1 FY24, while it grew 29.2% on a QoQ basis. However, EBITDA margin contracted 410 basis points YoY to 41.9% during the quarter under review. It expanded 190 basis points QoQ from 40%. The company claimed it recorded its highest-ever quarterly revenue, EBITDA and profit during the quarter under review. Along with its Q1 FY24 results, MapmyIndia announced the re-appointment of Rohan Verma as the whole time director of the company for a period of 5 years after the expiry of his tenure on March 31, 2024. Its board also approved the allotment of 3.9 Lakh equity shares of INR 2 each to the ESOP holders who have exercised their vested options as per ESOP policy of 2008 of the company. Ahead of its results, MapmyIndia shares ended today’s trading session marginally lower at INR 1,536.95 on the BSE.
Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News
By Market Capitalisation.Net Sales.Net Profit.Total Assets.Excise.Other Income.Raw Materials.Power & Fuel.Employee Cost.PBDIT.Interest.Tax.EPS.Investments.Sundry Debtors.Cash/Bank.Inventory.Debt.Contingent Liabilities. Screen Crit AbrasivesAerospace & DefenceAgricultureAir ConditionersAirlinesAluminium & Aluminium ProductsAmusement Parks/Recreation/ClubAquacultureAuto AncillariesAuto Ancillaries – Air Conditioning PartsAuto Ancillaries – Auto, Truck & Motorcycle PartsAuto Ancillaries – Axle shaftsAuto Ancillaries – BearingsAuto Ancillaries – BrakesAuto Ancillaries – Bus BodyAuto Ancillaries – Castings/ForgingsAuto Ancillaries – ClutchesAuto Ancillaries – Diesel EnginesAuto Ancillaries – Engine PartsAuto Ancillaries – GearsAuto Ancillaries – Head lamps & lightsAuto Ancillaries – OthersAuto Ancillaries – PistonsAuto Ancillaries – Seating covers & partsAuto Ancillaries – Sheet MetalsAuto Ancillaries – Shock absorbersAuto Ancillaries – Spare Parts & AccessoriesAuto Ancillaries – SpringsAuto Ancillaries – Tyres & Rubber ProductsAuto Ancillaries – WheelsAuto AncillaryAutomobile – 2 & 3 WheelersAutomobile – Auto & Truck ManufacturersAutomobile – Dealers & DistributorsAutomobile – LCVS/ HVCSAutomobile – Passenger CarsAutomobile – TractorsAutomobile – Trucks/LCVsBank – PrivateBank – PublicBatteriesBeveragesBiotechnology & Medical ResearchBPO/ITeSBreweries & DistilleriesCable & D2HCablesCarbon BlackCementCement & Construction MaterialsCeramics/Marble/Granite/SanitarywareChemicalsCigarettes/TobaccoCoalCommodity ChemicalsCompressors / PumpsComputer PeripheralsConstruction – InfrastructureConstruction – Real EstateConstruction – Residential & Commercial ComplexesConsumer FoodContainers & PackagingCourier ServicesCyclesDefenceDetergents & SoapsDiamond & JewelleryDiversifiedDiversified ChemicalsDomestic AppliancesDyes & PigmentsEducational InstitutionsElectric EquipmentElectric Equipment – Boilers / TurbinesElectric Equipment – SwitchgearsElectric Equipment – TransformersElectrodes & Electrical EquipmentsElectrodes & Welding EquipmentElectronic GoodsElectronics – ComponentsEngineeringEngineering – ConstructionEngineering – Industrial EquipmentsETFFastenersFerro ManganeseFertilizersFilm Production, Distribution & EntertainmentFinance – HousingFinance – InvestmentFinance – NBFCFinance – OthersFinance – Stock BrokingFinance Term LendingFish/Poultry & Meat ProductsFood & Drug RetailingFood ProcessingFootwearGas DistributionGlass & Glass ProductsGoldGold ETFGround Freight & Logistics ServicesHospital & Healthcare ServicesHotel, Resort & RestaurantsHousehold & Personal ProductsInfrastructureIron & SteelIT – EducationIT – NetworkingIT Services & ConsultingLabs & Life Sciences ServicesLaminates/DecorativesLeatherLeisure ServicesLife & Health InsuranceLogisticsLPGLubricantsMediaMedical Equipment/Supplies/AccessoriesMetals & MiningMetals – Castings/ForgingsMetals – Non FerrousMisc. Commercial ServicesMiscellaneousMultiline Insurance & BrokersOil Exploration and ProductionOnline Servicesother agriculture productsOther Construction MaterialsOthers-Industrial Gases & FuelsOthers-ManufacturingPackaging – FilmsPackaging – Packaging MaterialsPackaging – PolyfilmsPackaging – Sacks and BagsPackaging Materials-Containers & PackagingPackaging Materials-Plastic ProductsPaintsPaper & Forest ProductsPaper & Paper ProductsPesticides & AgrochemicalsPharmaceuticals & DrugsPhotographic ProductsPlastic ProductsPlastic Products – OthersPlastics – Moulded Articles and FurnituresPlastics – Pet Bottels, Jars & ContainersPlastics – Self Adhesive TapesPlastics – ThermoplasticsPlastics – Tubes/Pipes/Hoses & FittingsPortsPower Generation/DistributionPrinting & PublishingPrinting & StationeryPrinting And PublishingRailways WagonsRatingsReal Estate OperationsReal Estate Rental, Development & OperationsRefineriesRefractoriesReinsuranceRenewablesRetailingRubber ProductsShip BuildingShippingSoftwareSolvent ExtractionSpeciality ChemicalsSpeciality RetailersSpecialty Mining & MetalsSugarTea/CoffeeTelecommunication – EquipmentTelecommunication – Service ProviderTelecommunications ServicesTextile – MachineryTextile – SpinningTextilesTextiles & ApparelTradingTransmission Towers / EquipmentsTransport InfrastructureTravel ServicesTV Broadcasting & Software ProductionVegetable Oils & ProductsWatches & AccessoriesWood & Wood Products Screen Code
Apps Are Rushing to Add AI. Is Any of It Useful?
Ever since the ChatGPT API opened up, all sorts of apps have been strapping on AI functionality. I’ve personally noticed this a lot in email clients: Apps like Spark and Canary are prominently bragging about their built-in AI functionality. The most common features will write replies for you, or even generate an entire email using only a prompt. Some will summarize a long email in your inbox or even a thread. It’s a great idea in the abstract, but I think integrations like these conspire to make communication less efficient instead of more efficient. You should feel free to try such features—they’re fun!—but don’t expect them to change your life. Here’s why. The Ouroboros of Communication We are all overwhelmed with email and communication in general. It’s easy to look at this as a tech problem because it’s happening on screens. It’s not a tech problem, though—at least, it’s not only a tech problem. It’s a social problem. You could say that you get too many emails, and that might be accurate. Another way of saying the same thing is that more people are trying to contact you than you feel mentally capable of responding to. Trying to solve a social problem with tech often only creates new social problems. For example, instead of writing an email myself inviting you to come over and have some beers, suppose I asked ChatGPT to write that email. The result is 220 words long, including an introduction (“I hope this email finds you well!”), an explanation of the reasons people might want to have beers together (“It’s the perfect opportunity to catch up, share stories, and simply have a good time”), and a few oddly-worded details made up out of thin air (“I’ll make sure to create a comfortable and welcoming atmosphere, complete with some snacks to complement our beer tasting experience.”) Most people, seeing an email this long, are going to feel too overwhelmed to read it. Maybe they’ll use AI on their end to summarize the message. I asked ChatGPT to summarize the long email into a single sentence, and it essentially gave me back my initial prompt: “Would you like to come over for beers?” The American philosopher Homer Simpson once called alcohol “the cause of, and solution to, all life’s problems.” AI, in this context, serves a similar function: It creates a problem (the emails are too long) and then solves them (summarizing the emails). It’s an ouroboros, a snake eating its own tail, a technology that exists in part to solve the problems it is creating. It’s better, in my opinion, to look at the cultural assumptions instead of reaching for unnecessarily complicated technological ones. What cultural forces are making me think I can’t just write a one-sentence email? Can I ignore that, if it makes communication better? I asked ChatGPT to summarize the long email into a single sentence, and it essentially gave me back my initial prompt: “Would you like to come over for beers?” Cultural problems, of course, are harder to grasp than technological ones. You could start sending one-sentence emails right now, but some people might interpret that as rude, or at the very least odd. But any individual—or organization—looking to become more efficient should think about these things. Unless, of course, you want a bot pretending to know that you have beers “ranging from local brews to classic favorites” in your fridge right now. We Don’t Know The Contexts in Which AI Will Work Best My friend Kay-Kay and I, for months, had an in-joke that became a ritual: tapping LinkedIn’s conversational auto-recommendations. This social network, for some reason, offers suggested replies to messages. It was never not hilarious. Courtesy of Justin Pot