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Wednesday, September 12, 2018

'Online hiring activity up 17 pc in Aug; outlook bullish'
Online hiring activity registered 17% rise in August led by insurance, construction and engineering sectors and the job market is expected to stay bullish in the coming months, says a Naukri.Com report. The Naukri JobSpeak Index for August 2018 stood at 2,161, up 17% from August 2017 when the index stood at 1,851. According to the job portal, the insurance and construction/ engineering industries recorded 68% and 22% growth in recruitment activity, respectively. The oil and gas industry which is undergoing revival, witnessed an increase of 36% in recruitment in August 2018. "The JobSpeak Index has been consistently surging ahead over the past few months...And the job market is likely to move further north in the months to come," Naukri.Com Chief Sales Officer V Suresh said.

NDTV's Prannoy and Radhika Roy receive show cause notice from Sebi
Media firm NDTV's promoters Prannoy Roy and Radhika Roy have received a show cause notice from the capital markets regulator Sebi for alleged violation for insider trading regulations. "Prannoy Roy and Radhika Roy, the promoters of New Delhi Television Ltd (NDTV)..., have informed the company that on September 10, 2018, they have received a show cause notice dated August 31, 2018... By the Securities and Exchange Board of India (Sebi)," NDTV said in a regulatory filing. NDTV said the notice has been issued alleging violation of provisions of Section 12A (d) and (e) of Sebi Act read with Regulation 3(i) and Regulation 4 of Sebi (Prohibition of lnsider Trading) Regulations, 1992.

Remitly signs R. Madhavan as Brand Ambassador
United States headquartered Remitly, the largest private digital remittance company yesterday, announced that it has released an update to its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. The company also announces it has enlisted critically acclaimed Bollywood actor, R. Madhavan as its brand ambassador. "The remittance industry is undergoing a rapid digital transformation and India is the top receiver of remittances in the world, receiving over $69 billion in remittances in 2017, higher than any other country,” said Matt Oppenheimer, Remitly CEO. “We’re committed to this community and honored to make the experience of sending money across borders easier for the hard-working individuals that contribute so much.”

CompTIA to bridge cyber security skills gap in India
Even as India pitches the strategy of becoming one of the world’s top 10 IT protected nations in the UN’s Global Cyber Security Index, the world’s leading vendor-neutral IT certification  body, CompTIA, has recently launched  a  training and certification program titled, CompTIA PenTest +, to meet the rising demand for professional cybersecurity  Penetration Testers in India. “CompTIA launched the latest, most advanced Penetration Testing training and certification precisely to fill in the gaping skill gap in this domain and equip professionals with the latest technologies used for penetration testing. CompTIA PenTest+ is intended for cyber security professionals with intermediate-level experience. PenTest+ focuses on affirmative action through penetration testing and vulnerability assessment. The program will teach candidates about launching attacks on systems, discovering vulnerabilities and managing them,” said Pradipto Chakrabarty, Regional Director, CompTIA India.

SISL board approves acquisition of Total Securities
The board of Share India Securities Ltd (SISL), a leading knowledge and technology driven financial services group, has given an in-principle approval for merger of Mumbai based Total Securities into SISL. Sachin Gupta, Managing Director, Share India Securities Ltd said “SISL which is primarily based in North India with presence in Delhi, Punjab, Haryana, U.P, Uttrakhand and Rajasthan having wide network in more than 350 business locations is happy to welcome on board Total Securities which has 250 professional traders working out of Maharashtra, Rajasthan, Gujarat and Chennai. The combined entity is expected to have employee strength of more than 900 and which will enhance company’s presence in all segments of Capital Market. The net worth of the merged entity will make SISL among top players nationally and its presence in Mumbai, the financial capital, will help SISL consolidate its business and avenues.”

JioPhone grabs 80% market share in sub -Rs 1,500 segment, claims Reliance Retail
Reliance Retail yesterday claimed that JioPhones have 80% market share in sub-Rs 1,500 mobile phone segment. "Out of every 10 phones sold in the sub-Rs 1,500 price-range, 8 are JioPhones," Reliance Retail said in a statement. It added that the number of voice commands used on a JioPhone surpasses that on a smartphone by five times. Announcing launch of mobile messaging app Whatsapp on JioPhone, Reliance retail said JioPhone users spend more time using the internet and applications than even smartphone users. "We will be providing Whatsapp, the most used chat application in the world, on all JioPhones starting today. Jio wants to thank the Facebook and WhatsApp team for making this happen," Akash Ambani, Director, Reliance Retail and Reliance Jio Infocomm, said.

Tech Mahindra to set up 5G CoE in Washington, Bengaluru
IT company Tech Mahindra yesterday announced that it will set-up 5G center of excellence (CoE) in collaboration with Intel Technology in Redmond, Washington and Bengaluru. The centre will aim to help communication service providers optimise their capital expenditure on 5G migrations and rollout with help of virtualisation and open source technologies and accelerate new revenue-generating services that will lead the transformation journey, Tech Mahindra said in statement. "We continue to build on our strategic partnership with Intel, collaborating to develop and co-create 5G solutions. With over 926 global customers, including Fortune 500 companies across diverse industry verticals...We are poised to unlock new experiences for these industry verticals with 5G," Manish Vyas, President, Communications, Media & Entertainment Business, and the CEO, Network Services, Tech Mahindra said.

IRDAI in process to migrate to risk-based capital regime
Insurance regulator IRDAI yesterday said it is in the process of moving towards the risk-based capital (RBC) regime to improve protection for policyholders. It last year had set up a 10-member steering committee to help implement the new risk-based capital regime by March 2021. "We have started the process of moving to risk-based capital system. It will of course take a little time but it will be done eventually in a couple of years," Insurance Regulatory and Development Authority of India (IRDAI) chairman SC Khuntia said on the sidelines of the CII Insurance and Pension Summit yesterday.

Commerce Min to soon seek Cabinet nod for national logistics policy
The commerce ministry will soon seek Cabinet approval for its national logistics policy, which is aimed at promoting seamless movement of goods across the country and reducing high transaction cost of traders, an official said. The ministry has already circulated a draft Cabinet note on the policy seeking views of different ministries and departments on the same. "After getting the views, the department of commerce would finalise the note and seek Cabinet's approval," the official added.

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