Profits up at Facebook; no impact from privacy scandal

Agencies
April 26, 2018

Washington, Apr 26: Facebook today reported a sharp jump in profits in the past quarter, with gains in its user base and strong ad growth as the social network appeared to see no impact from a controversy on privacy.

Profit in the first quarter of 2018 jumped 63 percent from a year ago to USD 5 billion, and total revenues increased 49 percent to USD 11.97 billion, Facebook said in an earnings update which topped most analyst forecasts.

Facebook chief executive Mark Zuckerberg, who has spent most of the past month on the fallout from the revelations on the hijacking of personal data by a political firm, sought to reassure investors in the latest update. "Despite facing important challenges, our community and business are off to a strong start in 2018," Zuckerberg said.

"We are taking a broader view of our responsibility and investing to make sure our services are used for good. But we also need to keep building new tools to help people connect, strengthen our communities, and bring the world closer together." Facebook shares climbed more than 4.7 percent to USD 167.33 in after-hours trades that followed the release of the earnings figures.

The number of people using Facebook monthly climbed 13 percent from last year to 2.2 billion as of the end of March, despite concerns that users would abandon the network.

The earnings results "should give the bulls finally something to hang their hat on after the company (and its investors) have just gone through the darkest chapter in Facebook's history," GHB Insights analyst Daniel Ives said in a research note.

Facebook's strong earnings report comes as it grapples with a data privacy scandal that strikes at how the huge social network makes money from what it knows about people.

Zuckerberg two faced questioning in congressional panels about revelations that personal data was harvested on 87 million users by Cambridge Analytica, a consultancy working for Donald Trump's 2016 campaign. Whether the scandal is taking a toll on membership or advertising at the online social network was not likely to be revealed in earnings numbers from the first three months of this year, and the topic was expected to come up during a routine call with financial analysts.

Using information about people's lives to target advertising is a standard internet business model, and any effort to rein it in could ripple through the industry.

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News Network
January 23,2026

Mangaluru: The Karnataka Government Polytechnic (KPT), Mangaluru, has achieved autonomous status from the All India Council for Technical Education (AICTE), becoming the first government polytechnic in the country to receive such recognition in its 78-year history. The status was granted by AICTE, New Delhi, and subsequently approved by the Karnataka Board of Technical Education in October last year.

Officials said the autonomy was conferred a few months ago. Until recently, AICTE extended autonomous status only to engineering colleges, excluding diploma institutions. However, with a renewed national focus on skill development, several government polytechnics across India have now been granted autonomy.

KPT, the second-largest polytechnic in Karnataka, was established in 1946 with four branches and has since expanded to offer eight diploma programmes, including computer science and polymer technology. The institution is spread across a 19-acre campus.

Ravindra M Keni, the first dean of the institution, told The Times of India that AICTE had proposed autonomous status for polytechnic institutions that are over 25 years old. “Many colleges applied. In the first round, 100 institutions were shortlisted, which was further narrowed down to 15 in the second round. We have already completed one semester after becoming an autonomous institution,” he said. He added that nearly 500 students are admitted annually across eight three-year diploma courses.

Explaining the factors that helped KPT secure autonomy, Keni said the institution has consistently recorded 100 per cent admissions and placements for its graduates. He also noted its strong performance in sports, with the college emerging champions for 12 consecutive years, along with active student participation in NCC and NSS activities.

Autonomous status allows KPT to design industry-oriented curricula, conduct examinations, prepare question papers, and manage academic documentation independently. The institution can also directly collaborate with industries and receive priority funding from AICTE or the Ministry of Education. While academic autonomy has been granted, financial control will continue to rest with the state government.

“There will be separate committees for examinations, question paper setting, boards of studies, and boards of examiners. The institution will now have the freedom to conduct admissions without government notifications and issue its own marks cards,” Keni said, adding that new academic initiatives would be planned after a year of functioning under the autonomous framework.

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News Network
January 16,2026

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Mumbai: In a shocking development, Shrikant Pangarkar, an accused in the murder of journalist-activist Gauri Lankesh and the Nalasopara arms and ammunition haul case, has won the Jalna Municipal Corporation (JMC) elections as an independent candidate.

Pangarkar emerged victorious from Ward 13 of the JMC, where he was pitted against the BJP. Notably, the Shiv Sena led by Deputy Chief Minister Eknath Shinde, which contested the Jalna civic polls independently, did not field a candidate in the ward.

Gauri Lankesh was shot dead outside her residence in Bengaluru on September 5, 2017. A prominent journalist and activist, she edited Lankesh Patrike, a Kannada weekly founded by her father P Lankesh, and later ran her own publication, Gauri Lankesh Patrike.

Pangarkar was granted bail by the Karnataka High Court on September 4, 2024, in the Lankesh murder case. Ahead of the October 2024 Assembly elections, he was inducted into the Shiv Sena and appointed chief of the party’s Jalna campaign. However, following intense criticism, then Chief Minister Eknath Shinde revoked the appointment.

A former municipal councillor in Jalna between 2001 and 2006 from the undivided Shiv Sena under late Balasaheb Thackeray, Pangarkar later became associated with right-wing organisations.

In August 2018, he was arrested by the Maharashtra Anti-Terrorism Squad (ATS) in connection with the seizure of crude bombs and weapons in Nalasopara and booked under the Explosives Act, Explosive Substances Act, and the Unlawful Activities (Prevention) Act (UAPA). He is currently out on bail in both cases.

Soon after the election results were declared, Pangarkar’s supporters celebrated his victory.

After filing his nomination, Pangarkar had said he was returning to politics after a gap and had received an encouraging response from voters. “I have worked for the people earlier and have returned again,” he said, asserting that the cases against him had no bearing on the elections. “The matter is before the court. I stand before the nyay devta. There may be misunderstandings by agencies, but the court will decide. I am 100 per cent innocent,” he maintained, adding that the Lankesh murder case was unrelated to the civic polls and pertained to Karnataka.

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coastaldigest.com news network
January 19,2026

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Bengaluru: As the dust settles on the recent legislative session, the corridors of Vidhana Soudha are buzzing with more than just policy talk. A high-stakes game of political musical chairs has begun, exposing a deepening rift within the Congress party’s Muslim leadership as a major Cabinet reshuffle looms.

With the party hierarchy signaling a "50% refresh" to gear up for the 2028 Assembly elections, the race to fill three projected Muslim ministerial berths has transformed from a strategic discussion into an all-out turf war.

The "Star Son" Spark

The internal friction turned public this week following provocative remarks by Zaid Khan, actor and son of Wakf Minister Zameer Ahmed Khan. Zaid’s claim—that his father "helped" secure a ticket for Shivajinagar MLA Rizwan Arshad in 2023—has acted as a lightning rod for resentment.

Rizwan’s camp was quick to fire back, dismissing the comment as a desperate attempt by Zameer to manufacture seniority. "Rizwan’s political pedigree was forged in the NSUI and Youth Congress long before Zameer even stepped into the party," a supporter noted, highlighting Rizwan’s tenure as an AICC secretary and his two-term presidency of the State Youth Congress.

A Tale of Two Loyalists

While both Zameer Ahmed Khan and Rizwan Arshad are staunch allies of Chief Minister Siddaramaiah and represent Bengaluru strongholds, their political DNA could not be more different:

•    Zameer Ahmed Khan: A four-time MLA who crossed over from JD(S) in 2018. Known for his "overzealous" and often polarizing outreach during communal flashpoints—from the DJ Halli riots to the recent Wakf land notice controversy—his style has frequently left the Congress high command in a state of "discomfort."

•    Rizwan Arshad: A homegrown organizational man. Seen as a "quiet performer," Arshad represents the sophisticated, moderate face of the party, preferred by those who find Zameer’s brand of politics too volatile.

The Outsiders Looking In

The bickering isn't limited to a duo. The "Beary" community, represented by leaders like N A Haris and Saleem Ahmed, is demanding its pound of flesh. Saleem Ahmed, the Chief Whip in the Legislative Council, has dropped the veil of diplomacy, openly declaring his ministerial aspirations.

"I was the only working president not included in the Cabinet last time," Saleem noted pointedly, signaling that the "loyalty quota" is no longer enough to keep the peace.

As Chief Minister Siddaramaiah prepares to finalize the list, he faces a delicate balancing act: rewarding the aggressive grassroots mobilization of Zameer’s camp without alienating the organizational stalwarts and minority sub-sects who feel increasingly sidelined by the "Chamarajpet-Shivajinagar" binary.

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