Are you on Instagram? Then you would know the craze for likes. But there’s more to Instagram than just the likes. At least that’s what the makers of the platform believe.This is why the social media platform is mulling a removal of the 'like' feature in India, as it has done in markets like Canada, Japan, Australia and New Zealand, among others.In India, users will be able to see who has liked their post but will not be able to check the likes on others' posts.Close What will be the implications of such a move by Instagram? related news Netflix tests cheaper, yearly subscription plan in India Pepsi signs Salman Khan just before Dabangg 3; will Chulbul Pandey work for the cola major? Here's why music OTTs are striking a chord with non-music content According to Rohit Raj, creative chief and co-founder of creative agency The Glitch, removing the like feature will have a negative impact on influencers and content creators as likes are a measure of where they … [Read more...] about Is Instagram right in testing the removal of ‘Like’ feature in India?
Dogs that look like bears
It’s the color Prince crooned about, the color of royals, the color of clairvoyants–and the color Pantone has anointed as the embodiment of the coming year. The official color of 2018 is a saturated, intense, blue-toned shade of purple called Ultra Violet, also known as Pantone 18-3838. advertisement advertisement “Purple is a complex color,” Lee Eiseman, executive director of the Pantone Color Institute, tells Co.Design. “We’re in a complex time; this is a complex color.” It’s An Ultra-Violet World “Complex” doesn’t begin to describe it. We’re wrestling with an administration that wants to reverse decades of progress in civil rights, economic justice, environmentalism, and more. We’re confronting the ugly truths about gender inequality and abuse. But just as fast as some forces are yanking us into the past, we’re careening even more rapidly into the future thanks to powerful innovations in … [Read more...] about Pantone’s Color Of The Year Is Here, And It’s As Nebulous As 2018 Looks
State-owned Central Bank of India plans to raise Rs 2,000-3,000 crore via equity in multiple tranches over the next two months, Managing Director & Chief Executive Officer Pallav Mohapatra said August 20.The Mumbai-based lender had obtained shareholder approval to raise up to Rs 5,000 crore equity by way of follow-on public offer, rights issue or qualified insitutional placement (QIP) in the current financial year."We want to raise Rs 2,000-3,000 crore apart from whatever we get from the government," Mohapatra said, adding that the bank is hoping to receive capital infusion from the government by end of the second quarter.Close The government has earmarked Rs 70,000 crore for recapitalisation of public sector banks in 2019-20. However, it has not made any allocations yet. The capital adequacy of most banks is under pressure due to higher provisioning against bad loans. related news RBL Bank raises Rs 2,025cr through QIP Punjab & Sind Bank seeks to mop up Rs … [Read more...] about Central Bank of India looks to raise Rs 2,000-3,000 crore in next two months
Dockless bike share–the free-range, largely startup-driven alternative to the traditional station-based systems in cities like New York and Washington, D.C.–does not exactly have the best reputation. Headlines call the brightly colored bikes a “nuisance” and accuse them of cluttering city sidewalks (or in some cases, ending up in trees). advertisement advertisement So it may come as a surprise that Minneapolis–whose Nice Ride program, launched in 2010, was one of the first docked systems in the U.S.–is shifting to a dockless model. But Bill Dossett, who’s headed up Nice Ride since its inception, feels confident that both the company and the city of Minneapolis have landed on a solution that could cure the woes of dockless bike share–and actually realize its potential for creating a more expansive, flexible, and equitable bike-share system for a city. as Dallas notoriously did before terminating the program last month, Nice Ride, … [Read more...] about Minneapolis would like to cure your dockless bike-share skepticism
On November 1, Yes Bank's Managing Director Ravneet Gill talked about having $3 billion worth of offers from potential investors on the table. Five weeks and two board meetings later, the private lender is yet to take a call on capital raising.Moreover, the list of lesser-known investors got a big thumbs down from markets on concerns that they might not fit the bill as per regulatory norms.While the market is abuzz on what could be stopping them from closing the deals, here's a look at five reasons why the country's fourth-largest private lender is not able to attract interest from top-quality investors:No relief from stressed assetsThe Indian banking sector has been marred with rising bad loans and high provisioning requirements. Investors are on a lookout for banks with relatively cleaner balance sheets. In such a scenario, Yes Bank reported slippages of Rs 12,175 crore in the first half of FY20, the highest as compared to other private lenders.Regulatory lapsesThe lender reported … [Read more...] about Yes Bank fund raising: 5 reasons likely keeping marquee investors away