Companies & Sectors
Twitter's 140-character limit to stay: CEO Jack Dorsey
New York : If you thought you will be able to convey more to your friends and policymakers on Twitter soon, hold on. According to the micro-blogging site, there is still time for you to tweet in 10,000 characters and its original 140-character limit is here to stay.
 
Appearing on a TV show, Twitter CEO Jack Dorsey said that the 140-character limit is "a beautiful constraint" and that Twitter "will never lose that feeling".
 
"It's (140-characters) staying. It's a good constraint for us, and it allows for of-the-moment brevity... We're changing a lot. We're always going to make Twitter better," he was quoted as saying in a Tech Crunch report on Saturday.
 
Earlier in January, media reports said that Twitter is building a new feature that will allow users to tweet longer than its traditional 140-character limit.
 
The company is currently considering a 10,000-character limit, recode.net reported, adding that Twitter may launch this feature toward the end of the first quarter.
 
This is the character limit the company uses for its Direct Messages product.
 
According to the report, it is also possible that the 10,000-character feature may change before it is finally rolled out.
 
"Twitter is currently testing a version of the product in which tweets appear the same way they do now, displaying just 140 characters, with some kind of call to action that there is more content you can't see," recode.net said, quoting sources.
 
Clicking on the tweets will then expand them to reveal more content.
 
The 140-character limit has been around as long as Twitter has and has become part of the product's personality.
 
Twitter is also working on the idea of changing its reverse chronological timeline.
 
The micro-blogging site is experimenting with a Facebook-type way of sorting your timeline where tweets are sorted by relevance and not in reverse chronological order as it happens now.
 
According to motherboard.vice.com, Twitter is working with algorithms similar to the ones Facebook uses to order items on your news feed.
 
"This is an experiment. We're continuing to explore ways to surface the best content for people using Twitter," a company spokeswoman was quoted as saying.
 
Twitter has been hinting towards an algorithmic-driven news feed for more than a year.
The test is part of Dorsey's promise for bold changes to Twitter to help get it out of its slow growth
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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62 killed in Russia plane crash
Moscow : At least 62 people -- 55 passengers, seven crew members -- were killed on Saturday when a passenger jet crashed in the southern Russian city of Rostov-on-Don, media reports said.
 
Flydubai flight FZ981 was en route from Dubai and crashed while trying to land, RT News reported.
 
Initial reports put the toll at 61 people with six crew members.
 
“During the landing approach a Boeing-737 crashed. It had 55 passengers on board. All of them died,” a regional official told TASS news agency.
 
Air-traffic control and local emergency services confirmed that the jet was caused due to poor visibility.
 
“According to preliminary data, the jet crashed in poor visibility conditions, some 50-100 metres left of the runway,” a source said.
 
Russia's Investigative Committee has launched a probe into the incident with preliminary data indicating that the plane disintegrated and caught fire upon touching the ground. 
 
Reports indicated that the debris were spread across several kilometres.
 
Russian news agency RIA Novosti reported that all passengers on board were Russians, while the flight crew consisted of foreigners.
 
The airport has closed until further notice due to which at least six flights were delayed, two of which were supposed to leave for St. Petersburg, while the others were due to arrive in Moscow. The inbound flights are getting rerouted to Krasnodar.
 
Flydubai confirmed the crash saying, “We are investigating further details and will publish an update once more information is available,” the airline added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Sovereign Gold Bond scheme tranche 3 yields only 1,128 kg
New Delhi : The third edition of the Sovereign Gold Bond (SGB) scheme, a component of the government's market borrowing programme, received a poorer response than the last round, getting a subscription of 1,128 kg gold, amounting to Rs.329 crore, an official statement said on Friday.
 
More than 64,000 applications have been received in the third round, but the actual figure may vary as comprehensive information from all the authorised receiving agencies is under compilation, said the finance ministry statement.
 
"Trend during the third tranche of SGB shows that the scheme is gradually picking-up amongst the investors with increase in awareness and more clarity about the provisions of the scheme," the statement added.
 
These bonds, being sold through banks, the Stock Holding Corporation of India Ltd. (SHCIL) and designated post offices, will be issued on March 29.
 
The government received subscriptions of Rs.726 crore for 2,790 kg gold under the second tranche of the scheme in January, while the first tranche of sovereign gold bonds launched in November had received a subscription for 915.95 kg of gold worth Rs.246 crore.
 
The gold bonds are issued in denominations of 5 grams, 10 grams, 50 grams and 100 grams for a term of 5-7 years with a rate of interest to be calculated on the metal's value at the time of investment. The scheme has an annual ceiling of 500 grams per person.
 
Prime Minister Narendra Modi had last November launched the gold scheme aimed at reducing demand for the metal in physical form by encouraging people to buy gold in the demat or paper form.
 
India's gold imports increased to $26.45 billion during the April-December period of the current fiscal, as compared to the $25.85 billion worth imported in the same period of last year.
 
In Budget 2016-17, Finance Minister Arun Jaitley has proposed that redemption of these gold bonds be exempt from capital gains tax, as also that long-term capital gains arising on their transfer be eligible for indexation benefits.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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