Mobile apps, home kits to make routine lab tests redundant

All routine diagnostic tests now done at neighbourhood labs are soon going to become redundant with the advent of home devices and mobile apps. The future of the sector lies in precision diagnostics meant for more personalised medicine. Devices to keep track of diabetes and blood pressure have now become part of almost every home. At-home diagnostic kits help patients identify a large number of ailments, including allergies, cholesterol, anaemia, fecal occult blood, hepatitis C, HIV, pregnancy, urinary tract infections and yeast infections. 

MNC employees earn 185% more than domestic counterparts

An employee in a wholly or partly foreign-owned company earns an average salary which is 185 per cent higher than what his counterpart in a domestic company earns. The difference has only worsened in 2017 against the previous year.

Most sought after job today: Cyber security professionals

In an age of ever-increasing cyber frauds and attacks, one of the most sought after jobs is that of cyber security professionals. As the demand for the professionals are increasing from different sectors, supply is able to meet only one-tenth of the demand. The demand for professionals will touch 10 lakh by 2020, whereas the supply remains limited at 1 lakh.

Social commerce in India catching up fast

Social media is not just limited to conversations and sharing of images and thou­ghts. Social commerce is fast catching up in India, with almost one-third of the users having transacted through the sites. India is a more socially savvy country and hen­ce has stronger growth pros­p­ects for social commerce, finds a study conducted by PayPal in Asian region.

The social network users have moved up from 168 million in 2016 to 258 million in 2019. The study found that one in three consumer respondents in India have bought goods and services online before.

Paper stocks jive in subdued market

Paper stock prices spurted on Tuesday as part a broader rally in the segment for the past six months. Chinese regulatory changes, which led to an increase in both domestic and global paper prices, have been building momentum in paper stocks.

Birla’s More chain goes to Amazon, Samara

In a major boost for Amazon’s strategy to dominate the Indian retail space, the e-commerce company along with Samara Capital have signed a deal to buy out Aditya Birla Group’s food and grocery retail chain, More. The deal has valued More at Rs 4,200 crore.

Samara Alternative Investment Fund (AIF) has picked up 51 per cent stake in the company while the remaining stake has been bought over by Amazon, sources told Financial Chronicle.

Online used car market to get electric push

Online car market is set to grow 20 times to $20 billion by 2022 with a major push coming from the used car segment. A major shift from fossil fuel driven cars to electric vehicles will act as a catalyst for the jump in the growth of used car market. Indian online automobile market currently has a size of $1 billion, of which the sales of used and new cars put together account for $950 million and the remaining accounts for auto services. Used car transaction make up for more than 85 per cent of the sales.

Fewer women hired in 2018, thanks to Maternity Act

The Maternity Act was introduced to make workplace mo-re inclusive for women. But, it has in fact negatively impacted hiring of female candidates. Hiring of women in the private sector has dipped by 2.5 per cent in 2018 and men are promoted three per cent more in the mid and senior management levels, despite the fact that their attrition rates are lower than men in all levels, finds a study.  

Muted ARR growth for hotel industry

Despite a growth in occupancy levels, the growth in average room rates (ARR) has been muted for the hotel industry in the first half of the year. Lower estimate of tourist arrivals is casting shadow on the hospitality industry’s ability to increase ARRs during the upcoming season.

The ARR for the domestic hotel industry stood at Rs 5,500 in the June quarter and witnessed a muted 2-3 per cent growth. However, there was a three per cent rise in occupancies at 63 per cent, as per an Icra research report.