"Messenger Lite is a solution for people who don't have the latest smartphone, but still want to stay connected to their friends and family", said the company in a statement. The Facebook Lite was the absolute basic version of the app and was less than 1MB in size.
What an expected interest rate hike will mean for local consumers
Following Wednesday's hike many economists expect another rate hike will happen later this year, but only in September or October. At the time of writing this article, the Pound to Canadian Dollar exchange rate trended in the region of 1.6515.
Facebook has finally released its Messenger Lite app in India focusing on the country's emerging markets with low-end smartphones. Users would need to be able to use the app to manage groups. Therefore it is easy to install and quick to start up. Compared to its more feature-packed alternative, the service still doesn't support video calls or sending money to users, in addition to lacking a wide variety of minor features previously introduced to Messenger.
Having said this, the Messenger Lite app was earlier rolled out in other countries including Vietnam, German, Japan, Netherlands, Peru, Nigeria, and Turkey. Messenger Lite is under 10MB and it comes with features like voice calling and the active now indicator. Managing groups is also possible with this lite version. These ads will be found in the home tab of Messenger and when clicked on them, user will be directed to the advertiser's page or to the chat window where they can directly interact with the brand.
Taiwan Semiconductor Manufacturing Company Ltd.
The semiconductor company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. In context of long-term intentions, CMCSA next five year earnings per share (EPS) growth estimates standing at 11.95%.
Facebook Lite has already introduced in India couple of years ago.
The lightweight, fast and simple, Messenger Lite is aimed at markets with slow mobile internet connections. The move aims to monetise Facebook's 1.2 billion users on Messenger.
Still counting demonitised notes, says RBI Governor
The panel's meeting lasted for more than three hours and was attended by former Prime Minister Manmohan Singh, among others. More than six months post demonetisation but RBI has not disclosed the number of old currency notes in the central bank.