HDFC reduces prime lending rates on home loans by 10 bps from August 1

For women borrowers, there is an extra 5 bps discount in each category of loans.

Mortgage lender HDFC has cut its retail prime lending rates on housing loans by 10 basis points (bps) with effect from August 1 for all existing customers.

For new customers, interest charged on loans up to Rs 30 lakh will be 8.6 per cent from August 1. Similarly, for loans above Rs 30 lakh and up to Rs 75 lakh, interest rate charged will be 8.85 per cent and for loans above Rs 75 lakh, the interest charged will be 8.9 per cent.

For women borrowers, there is an extra 5 bps discount in each category of loans.

Union Bank cuts MCLR by up to 20 bps

On Tuesday, public sector lender Union Bank of India cut its marginal cost of funds-based lending rate (MCLR) by up to 20 basis points.

The overnight and one-month MCLR stands reduced to 8.1 per cent from 8.25 per cent and 8.3 per cent, respectively.

Three months and six months’ MCLR has been reduced by 10 bps to 8.25 per cent and 8.35 per cent.

One-year MCLR would be at 8.5 per cent, from 8.55 per cent earlier, the bank said in a statement. All loans linked to MCLR also stand reduced by 20 bps, effective August 1, the bank said in a statement.

Business Standard

Coffee king Siddhartha's death exposes India's mounting debt crisis

Siddhartha's death marks a tragic turn for an admired member of India's business elite and an executive closely connected to the highest echelons of the political sphere.

Business Standard : Even before the body of coffee-chain tycoon V.G. Siddhartha was recovered from a river in southern India this week, the financial strains that appear to have led him to take his own life were beginning to emerge.

A letter purportedly written and signed by Siddhartha and sent to senior management of Coffee Day Enterprises Ltd. laid out in stark words his struggles with a “serious liquidity crunch” that in turn had led to "tremendous pressure" from lenders and an unnamed private-equity investor.

“I would like to say I gave it my all,” Siddhartha wrote. “I am very sorry to let down all the people that put their trust in me. I fought for a long time but today I gave up.” He sent the note to the board on July 27. Two days later, the executive was reported missing after telling his driver he’d go for a stroll.

Siddhartha’s death marks a tragic turn for an admired member of India’s business elite and an executive closely connected to the highest echelons of the political sphere. Over the course of more than two decades, Siddhartha built a java empire that now boasts more than 1,700 stores -- ten times as many outlets as Starbucks Corp. in India -- as well as 54,000 vending machines, almost single-handedly introducing his tea-loving country to coffee shops and making his Cafe Coffee Day chain a household name.

Refinancing Loans

But what was less known was that for all his company’s scale and ubiquity, Siddhartha struggled with a mounting financial burden. A review of the public disclosures of Siddhartha’s personal debt reveals how he spent much of the two years before his death putting up ever more of his Coffee Day shares to refinance loans for ever shorter periods, at ever higher rates of interest.

At Coffee Day itself, short-term debt more than doubled in the financial year ended March. Siddhartha spent most of his last two weeks in Mumbai trying to raise funds to pay down debt, according to a person familiar with the matter. He had payments due in July and August, the person said. Coffee Day’s board held an emergency meeting on July 30, saying it’s confident that it can “ensure continuity of all business operations consistent with past behavior.”

The apparent suicide of the Indian entrepreneur has touched a nerve with the corporate elite of India, where business leaders face mounting strain from an economy-wide cash crunch and slowing growth. The anxiety laid out in Siddhartha’s letter, with multiple references to pressure from lenders and stakeholders, is an unwelcome scenario for Prime Minister Narendra Modi as he begins his second term with promises to turn India into an economic powerhouse, even as its commercial engine shows increasing signs of sputtering.

OPPO launches new operating system ColorOS 6 trial version for F9 mobiles

The new operating system is based on the latest version of Android- Android Pie. It comes with all-new customised features. Here is its review.

Business Standard : OPPO has announced the rollout of the ColorOS 6 Open Trial Version for its F9 smartphone. The new ColorOS 6 Open Trial Version offers users the latest Android Pie mobile operating system experience, and comes replete with all-new customized features.

Android Pie - a major upgrade

All models upgraded to ColorOS 6 integrate the practical new features introduced by Android Pie, including improved interactions, enhanced AI capabilities and optimization of the underlying interface.

An all-new navigation gesture in Android Pie offers a cutting-edge experience in user interactions. Android Pie is powered by Google's AI capabilities with Google Assistant, ARcore, Google Lens and other intelligent scenario-based services. OPPO's integration of the latest software update provides a smoother, smarter and more user-friendly experience for customers.

Borderless design

ColorOS 6 adopts a borderless design concept to relieve user anxiety caused by information overload. OPPO combines light, subtle colors and a simplistic white background to create a lightweight and elegant user interface, which differentiates ColorOS 6 from Google's native interface.

The simplistic white background design has subtle gradients that seamlessly blend with built-in modern art wallpapers, delivering an integrated experience in borderless aesthetics.

Improved interaction

ColorOS 6 shifts the navigation bar to the top of the screen and streamlines the information hierarchy by replacing tapping with swiping to improve efficiency and smoothness of interactions. ColorOS 6 also features animations that simulate natural friction to create a more intuitive virtual experience for operations, for example, when swiping upward or across the screen.

Dazzle Color Mode and a brand-new portrait style

OPPO's continuous pursuit of excellence in photography over the years means ColorOS 6 comes packed with advanced imaging technologies. The upgrade introduces two new features: Dazzle Color Mode and a brand-new portrait style.

Bug creates unified payments interface IDs, Truecaller recalls app update

The firm said a new version with the fix will be available shortly for the affected users.

Call identification app Truecaller on Tuesday rolled back an update to its app after users complained of unified payments interface IDs getting created in their name without their knowledge.

Several users complained on social media about the app’s latest version (10.41.6) automatically sending an SMS from their phones, after which they began getting messages saying “Your registration for UPI app has started”.

“We have discovered a bug in the latest update of Truecaller that affected the payments feature, which automatically triggered a registration post updating to the version.

This was a bug and we have discontinued this version of the app.

so no other users will be affected,” Truecaller said in a statement. “We’re sorry about this version not passing our quality standards.

We’ve taken quick steps to fix the issue, and already rolled out a fix in a new version.”

The firm said a new version with the fix will be available shortly for the affected users.

“However, in the meanwhile they can choose to manually de-register through the overflow menu in the app.”

Business Standard

Indian rapper Badshah sets viewer record but YouTube isn't talking about it

Badshah broke a record even Taylor Swift couldn't touch. The clip, a dancehall romp, was seen 75 million times in one day, eclipsing a mark set by Korean boy band BTS in April.

Within 24 hours of posting his video “Paagal” to YouTube, Indian rapper Badshah broke a record even Taylor Swift couldn’t touch. The clip, a dancehall romp, was seen 75 million times in one day, eclipsing a mark set by Korean boy band BTS in April.

But then a funny thing happened: YouTube declined to credit the Sony Music artist. Since introducing a new way to premiere videos last year, the Google-owned site has trumpeted the setting of every new record, from Ariana Grande’s “thank u next” to Blackpink’s “Kill This Love,” culminating in BTS’s “Boy With Luv.”

It even said Swift’s “ME!” set a record for “most-viewed female solo debut.” But Badshah’s feat elicited no response from the world’s most popular online video hub.

Rival executives in the Indian music industry began whispering “Paagal” had benefited from server farms and bots—two tools grouped under “fake views.” But in subsequent days, a different explanation emerged: Badshah and his representatives had purchased advertisements from Google and YouTube that embedded the video or directed fans to it in some other way.

The incident has led to scrutiny of what many in the music industry say is a common practice—buying tens of millions of views. When releasing a new single, major record labels will buy an advertisement on YouTube that places their music video in between other clips. If viewers watch the ad for more than few seconds, YouTube counts that as a view, boosting the overall total. Blackpink and Swift, among others, have done it. Badshah just took it a step further, people familiar with the matter say.

The practice creates doubts about the real popularity of these clips and reveals some of the murky ways in which artists and their labels promote their music—especially in emerging markets. YouTube, a subsidiary of Alphabet Inc.’s Google, is now reevaluating the way it judges records, according to two people familiar with the company’s thinking.

Business Standard

Cafe Coffee Day founder V G Siddhartha's body found from river: Report

Siddhartha, the founder of India's largest coffee chain, went missing on Monday night en route to the coastal Karnataka city of Mangaluru.

The body of Cafe Coffee Day founder V G Siddhartha has been found from the Nethravathi river, according to TV reports on Wednesday.

Siddhartha's body was found on the banks of the river near the Hoige Bazaar in Mangaluru, according to news agency ANI.

Siddhartha, the founder of India’s largest coffee chain, went missing on Monday night en route to the coastal Karnataka city of Mangaluru, with a letter purportedly written by him showing he was under "tremendous pressure" from lenders and one of the private equity partners (PEs). The letter also alleged "a lot of harassment" from tax authorities.

ALSO READ: VG Siddhartha's wife to IAS officer: Who are the CCD board members?

A massive search operation involving teams of the National Disaster Response Force, Coast Guard, Home Guard, fire services and coastal police had continued throughout Tuesday. Search teams had scoured the waters under a bridge across the Nethravathi river near Mangaluru where the 60-year-old businessman was reportedly last seen.

The son of a coffee plantation owner, Siddhartha had created the Indian rival to Starbucks. Coming from a family that has a 140-year history of growing coffee, he initially dabbled in stock trading, before setting his foot in the coffee business.

After being inspired by a chat with the owners of German coffee chain Tchibo, Siddhartha decided to open his own chain of cafes in India. With the tag line 'A lot can happen over a cup of coffee', he opened Cafe Coffee Day's first outlet on Bangalore's upscale Brigade Road in 1994.

It's now the largest chain of coffee shops in India, with 1,750 cafes in more than 200 cities, including outlets in Prague, Vienna and Kuala Lumpur. Coffee Day went public in 2015.

In 1999, Siddhartha was roped in by IT veteran Ashok Soota when Subroto Bagchi, Rostow Ravanan and KK Natarajan were putting together IT firm Mindtree.

Business Standard

More NBFCs will have to die if India's shadow-banking sector is to survive

A few quarters of pain in sectors that depend upon shadow financing is a small price to pay to produce a sector that winds up doing its job efficiently and sustainably.

Business Standard : The slowdown that began among India's shadow banks is spreading. Sectors that had come to depend on credit from what in India are called non-banking financial companies (NBFCs) are posting awful numbers. Insurance is slowing and real estate is troubled. The automobile sector -- which contributes half of India's manufacturing output -- is shrinking as stressed shadow banks prioritise survival above lending growth.

Naturally, Prime Minister Narendra Modi's government is worried. But it, and the Reserve Bank of India, should avoid any attempt to succor the shadow-banking sector with liquidity. Giving NBFCs the false appearance of health would only increase, not decrease the chances of a systemic crisis.

Speaking to Bloomberg News recently, RBI Governor Shaktikanta Das warned that the central bank sees "some signs of fragility," particularly in shadow banks that are exposed to the housing sector. The question is what to do about it. On the one hand, Das sought to reassure investors that the RBI would prevent another large NBFC from collapsing. (The current crisis was set off when highly connected Infrastructure Leasing & Financial Services Ltd defaulted last year.) On the other hand, he said, "If NBFCs have undertaken certain governance practice and certain ways of function and they have to a price for it, they will have to pay a price for it."

If those two statements don't quite seem to go together, that's because Indian policymakers and businesses are split over the right course of action. Many executives, and some ruling-party politicians concerned about growth, would like to see the sector bailed out. Anil Ambani, a tycoon with a large stake in financial services, has said that NBFCs are in intensive care and, "in the ICU, if you want to save the patient, what is needed is not Paracetamol but full life support."

But many regulators correctly doubt that's the best strategy. Shadow banks have come to occupy a space in the Indian economy for which they weren't built. Some of them gorged on money raised from the public -- from state-owned banks or debt mutual funds -- to lend to long-tenure projects, some of them in politically exposed sectors such as real estate or infrastructure.

NBFCs filled this niche by default: The government is short of money, there is no real corporate debt market in India, and the traditional banking system was burdened with bad loans.

Bharti Airtel, Reliance Jio, Vodafone Idea oppose free spectrum to railways

Reliance Jio said the Railways should not be permitted to offer commercial services like Wi-fi and voice and video communication.

Bharti Airtel, Reliance Jio, and Vodafone Idea have in tandem opposed allocation of the premium 700 MHz spectrum to Indian Railways for Wi-Fi and signaling purposes, citing the commercial value of such airwaves and their potential to earn revenue for the government.

The industry has said spectrum allotted to the Railways for captive use should not be utilised for commercial services for passengers (Wi-Fi and internet offerings) as such services should be kept for entities that hold a valid licence.

Reliance Jio said the Railways should not be permitted to offer commercial services like Wi-fi and voice and video communication, without obtaining authorisation under the Unified Licence. It should obtain spectrum for commercial use via auction like all other interested parties.

“We do not agree with the Indian Railways demand for reserving 15 MHz spectrum in the 700 Mhz spectrum band for LTE (long term evolution) based communication corridor. The spectrum in the 700 Mhz band should not be allocated to the Railways for radiocommunication systems between train and trackside (RSTT) due to its commercial use and being a backbone band for 4G-5G services,” Reliance Jio said in its response to the regulatory consultation paper.

Suitable allocation for such captive use should be in the 450-470 MHz spectrum band, it felt.

“The department of telecom (DoT) has rightly noted that considering the limited spectrum available in the 700 MHz band and the fact that this digital dividend spectrum has immense potential for coverage in wide and rural areas, the spectrum for Indian Railways may be explored beyond this band and that the spectrum in the 450-470 MHz seems most suitable for this purpose,” Jio said.

The operator, however, termed as “valid and legitimate”, the Railways’ requirements to provide mission-critical passenger safety services and applications, video surveillance through close circuit cameras in trains, along with video analytics.

“The Railways is a commercial organisation and it can very well take the requisite licences and auction acquired spectrum to offer commercial services like Wi-fi... to its customers under the applicable licence and service terms and conditions,” Jio said.

Business Standard

SBI tightens lending terms for auto dealers as sector sees downturn: Source

As part of the revised terms, the country's largest bank by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral.

State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.

The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year. The liquidity crunch in non-bank financing, higher insurance costs and rises in taxation have served to increase the pressure on the car sector, with monthly auto sales falling by 17-20 per cent since April.

Monthly passenger vehicle sales in June fell by the biggest margin in 18 years.

In one internal memo for financing dealers selling vehicles made by Hyundai Motor Co's India unit, SBI said it is revising the lending terms because of "growing stress" in the carmaker's portfolio.

Similar memos have been sent to dealerships for all other brands, said a senior SBI official aware of the matter, though Reuters has not seen memos relating to other carmakers.

ALSO READ: Auto slowdown: 286 dealers closed down in 18 months, 32,000 jobs impacted

As part of the revised terms, the country's largest bank by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25 per cent collateral, it said in the memo.

Hyundai dealers that had already received loans from the bank will also have to provide security of between 25 per cent and 50 per cent of the loan amount, SBI said in the memo dated March 27 and signed by the chief general manager for supply chain financing.

Hyundai did not immediately reply to an email seeking comment outside business hours.

The company is India's second-largest carmaker with more than 16 per cent of a market accounting for 3.3 million passenger vehicles in the year to March 31.

Business Standard

Apple likely to launch three iPhones in 2020 with 5G support: Report

Apple might use Qualcomm's 5G chip in its first generation 5G phones, despite the fact that it now has access to Intel's smartphone modem chip business.

American technology behemoth Apple is likely to launch three models of its iPhone smartphones with 5G network support next year, according to the company’s analyst Ming-Chi Kuo. The analyst earlier in his statement said that Apple might add 5G network support to at least two models of the three new iPhones planned in 2020. However, the company’s recent acquisition of chip-maker Intel’s smartphone modem business and revived relations with Qualcomm has fast tracked this process. The analyst believes that the company now have the resources to build 5G-ready iPhone in time to compete with its competitors, especially Android original equipment manufacturers – according to a news report in the Apple-centric technology news platform Macrumors.

The news report also states that Apple might use Qualcomm’s 5G chip in its first generation 5G phones, despite the fact that it now has access to Intel's smartphone modem chip business. This is because Apple will take time, until 2021, to build its own modem chips using Intel technology. Additionally, according to Kuo's earlier statement, the iPhone 2020-series might feature 5.4-inch to 6.7-inch screens. All three smartphones are expected to boast OLED panels.

ALSO READ: Apple to launch three iPhones in 2019 with optic & haptic upgrades: Report

Meanwhile, Apple is currently working on 2019 iPhones which are expected to launch sometime in September. The upcoming iPhone 2019-series is expected to get three models of different screen sizes, like the current generation iPhone. Codenamed the N104, D42 and D43, the upcoming iPhones are reported to be successor to the iPhone XR, iPhone XS and iPhone XS Max, respectively.

According to a recent news report in the 9to5mac, the upcoming iPhone models would come with a lightning port. All three 2019 iPhone models are also reported to be powered by A13 processor, details of which are still not known. Touted to be named the iPhone 11 series, it is expected to come with a new Taptic Engine, which is expected to replace Apple’s 3D Touch feature, which has been there in all iPhones since the 6S.

Business Standard

India's renewable energy cost is lowest in Asia Pacific: WoodMac report

India's levelised cost of electricity using solar photovoltaic has fallen to $38 per megawatt hour this year, 14% cheaper than coal-fired power.

India's renewable energy cost is the lowest in the Asia Pacific, consultancy Wood Mackenzie said on Monday.

India's levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour (MWh) this year, 14% cheaper than coal-fired power that has traditionally been the cheapest source of power generation, WoodMac said.

LCOE comprises the cost of generating a megawatt-hour (MWh) of electricity, the upfront capital and development cost and the cost of equity and debt finance and operating and maintenance fees.

"India is the second-largest power market in Asia Pacific with installed power capacity of 421 gigawatts (GW).

Solar capacity is expected to reach 38 GW this year," WoodMac research director Alex Whitworth said.

"High-quality solar resources, market scale and competition have pushed solar costs down to half the level seen in many other Asia Pacific countries."

India wants to have 175 GW of renewable-based installed power capacity by 2022.

Australia, which ranks second in terms of low renewable costs, will see solar power to be cost-competitive against coal next year, the consultancy said.

Solar LCOE has fallen 42% in the past three years and will reach $48/MWh in 2020, beating out all fossil fuel competitors, WoodMac added.

Business Standard

PNB Housing Finance raises $100 mn from IFC for affordable housing projects

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route.

PNB Housing Finance Ltd on Monday said it has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC), a member of the World Bank Group, to finance the purchase of affordable housing projects.

"The investment was made under the central bank's automatic route in the revamped external commercial borrowings (ECB) framework," PNB Housing Finance Ltd said in a regulatory filing.

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route.

Several other ECB proposals are in the pipeline.

"The RBI has allowed us to borrow ECB up to $750 million annually under the automatic route and considering the strong fundamentals and inherent growth of the company, we are hopeful that in the coming months our company will further utilise the facility," he said.

IFC South Asia Manager Financial Institutions Group Hemalata Mahalingam said: "To support the Indian government's vision of Housing for All by 2022, our country strategy places a strong emphasis on the affordable housing sector...

Our partnership with PNB Housing Finance will help them further expand to smaller towns and cities and reach low-income customers with loans to buy homes and help raise their living standards".

Business Standard

India firms up threat to boycott Commonwealth Games for shooting exclusion

Indian Olympic Association (IOA) president Narinder Batra has written a letter to sports minister Kiren Rijiju seeking a meeting to explain the "proposed boycott".

India’s threat to boycott the 2022 Commonwealth Games in Birmingham over shooting’s absence in the programme has intensified after the country’s Olympic association sought approval from the sports ministry for such a move.

Media reports have cited a lack of suitable facilities as the reason behind Birmingham’s decision to axe shooting which has featured at every Games since 1966, with the exception of Edinburgh in 1970.

After the decision was announced last year, the country’s shooting federation suggested boycotting the Games which would not feature what has been a high-yielding discipline for India.

Indian Olympic Association (IOA) president Narinder Batra has written a letter to sports minister Kiren Rijiju seeking a meeting to explain the “proposed boycott”.

“We want to express our protest by not taking part in 2022 CWG Games...” Batra wrote in his letter to the minister seen by Reuters.

“We have been noticing over a period of time that wherever India seems to be getting grip on the game and performing well... either the goal posts are shifted or rules are changed.”

“We feel it is time for us in IOA/India to start asking tough questions and start taking tough positions,” added Batra, also the president of the International Hockey Federation (FIH).

Indian shooters accounted for 16 of their 66 medals, including seven golds, at last year’s Gold Coast Games where they finished third in the medals table.

In shooting’s absence, India would slip to anywhere between fifth to eighth place in 2022, Batra wrote.

IOA have decided to boycott the General Assembly of the Commonwealth Games Federation (CGF) in Rwanda, also withdrawing candidatures of two of its officials from the September elections there.

CGF officials were not immediately available for comment.

Business Standard

How to review and download all data related to your Google account

Google has a provision that allows you to review Google product settings and gives you the option to download all the data related to a Google account as one single file. Here are the steps.

Considering that most of us use at least one Google service in our daily routine, we end up creating some data that get saved on Google’s servers.

 This data could be related to your Android device configuration, search history, videos watched on YouTube, bookmarks, calendar entries, files and folders saved on GDrive, etc. Thankfully, Google has a provision that allows you to review your settings for Google products and also gives you the option to download all the data related to a Google account as one single file.

Here are the steps to do so:

Step 1: Connect your notebook or desktop to internet

Step 2: Go to any modern browser, preferably Google Chrome

Step 3: Go to https://myaccount.google.com/ and sign in using your Google account

Step 4: Look for ‘Data & Personalisation’ in left side menu and click on it

Step 5: Inside the ‘Data & Personalisation’ settings, scroll down and look for ‘Download, delete, or make a plan for your data’

option

Step 6: Of the three available options under ‘Download, delete, or make a plan for your data’, click on ‘download your data’

Step 7: Choose the Google products to include in your archive and configure the settings for each product. These settings may include options to save text file as photos or pdfs, etc.

Step 8: Once the relevant products are selected, click on the next button available on the bottom right side to move to create archive

Step 9: Review your selection and click submit button

Before submitting the archive request, you can also set archive partition size from 2GB to up to 50GB. Archive of file size above 25GB is created in zip64 format, which is not supported by old-generation computers. However, there are third-party software that manage to extract data, even in old-generation computers.

Business Standard

Yes, privacy crackdowns matter: Facebook is starting to feel the pinch

Analysts have been looking for Facebook's growth rate to come in under 25 per cent for the rest of this year.

It’s easy to believe that Facebook Inc. is an unstoppable advertising force built on pervasive human surveillance and that meek regulatory or legislative efforts do nothing to stop it.

Despite those concerns, the privacy reckoning for Facebook and the rest of the internet is denting the company’s ad machine.

Facebook spooked investors a bit on Wednesday during a conference call to discuss its second-quarter earnings. Executives said revenue growth would slow more than the company previously expected at the end of this year and into 2020, in part because of various restrictions or self-imposed limitations on Facebook’s data harvesting.

Facebook didn’t spill all the details about the scope of this growth sag or the causes. Europe’s strict data privacy rules, imposed last year, require Facebook to obtain explicit permission from people for all sorts of data harvesting that is considered normal in the US, and executives have said that some Europeans are saying no.

Facebook’s revenue growth in Europe is slower than the pace in the US and Canada and in the Asia-Pacific region. Facebook has also said the European data rules are having an impact outside of that continent, perhaps because of more attention on Facebook’s privacy practices.

Companies such as Apple Inc. that control important online gateways are also trying to crack down on the types of broad data collection in which Facebook and others engage. And Facebook itself has imposed limits on types of sometimes-creepy information marketers had used to target ads and closed down some of Facebook’s own ad-targeting categories, including ones that should not have existed.

Facebook has also promised a long-delayed feature that would allow people to decouple their internet browsing history from their Facebook user profiles. The company has warned advertisers that this “clear history” feature will make Facebook’s ads less personalised. (It should be said that Facebook hasn’t done much to limit the kinds of data the company itself harvests on billions of people.)

Business Standard