Miscellany

Miscellany

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.

Ride-hailing firm Careem enters India with Commut app purchase

Dubai’s ride-hailing app Careem on Monday said it has acquired Hyderabad-based bus-shuttle service app Commut for an undisclosed amount.

Commut was set up in 2015 by six IIIT-Hyderabad graduates and is operational in the city. Backed by Shell-Foundation and 50K Ventures, Commut has served over 70,000 customers and onboarded 400 driver-partners. It has made over 7.5 lakh trips in over 100 existing routes.

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.

WhatsApp appoints grievance officer for India

Under pressure to clamp down on sinister messages, Whatsapp has appointed a grievance officer for India and detailed out the process for users to flag concerns and complaints, including those around fake news. Meeting one of the key demands that India had put on Whatsapp to curb fake messages that triggered mob killings, the Facebook-owned company has updated its website to reflect the appointment of a ‘Grievance Officer for India.’

Google tweaks privacy policy for Indian payment app after Paytm complaint

Google has tweaked the privacy policy of its Indian digital payments mobile application, days after local rival Paytm complained that the U.S. tech giant’s platform allowed disclosure of customer data for advertising and other purposes.

The row has erupted amid heightened debate about user privacy and how technology firms treat data in India and abroad. India is developing a new data protection law which could force companies to change how they transfer or store customer data.

GRSE to deliver 10 warships to Navy, Coast Guard

Defence public sector undertaking Garden Reach Shipbuilders & Engineers (GRSE), which is in the process of raising nearly Rs 340 crore through the Initial Public Offering (IPO), will deliver 10 warships to the Indian Navy and Indian Coast Guard in the next 18 months.

The first of the three ‘Project 17 Alpha Frigates’ will be delivered to the Indian Navy in the middle of 2023, said GRSE chairman and managing director Rear Admiral (retd) VK Saxena.

Global meet on sustainable trade and standards

The two-day international convention on sustainable trade and standards organised jointly by Quality Council of India (QCI) and the United Nations Forum on Sustainability Standards  concluded recently.

Titan eyes silver after gold, diamond

After carving out a significant niche for itself in the gold and diamond jewellery mart in the country, Titan Company flagship Tanishq has on Thursday announced its foray into the contemporary silver jewellery space.

Brought by Mia by Tanishq, the new silver collection — designer pendants, necklaces, rings, earrings, bracelets etc — comes in contemporary style, enamelling and with stones and designs to cater to the young and modern women. Mia is positioned as a brand of bold, modern and chic jewellery. The products are priced in the Rs 1,999 to Rs 5,000 range.

SMEXASEAN launches platform for India

The MSME sector in India is set to get a boost with the launch of SMEXIndia, a division of SMEXASEAN, an online marketplace owned and operated by SRAM MRAM Group, a UK-based international conglomerate with footprints across 5 continents and 12 countries.

I-T dept inspects Jet books, shares tumble 3.67%

The income-tax department on Wednesday began inspection of the books of crisis-hit Jet Airways for alleged falsification of accounts and suspicious transactions, sources said. Shares of the airline fell 3.67 per cent to close at Rs 244.25 on the BSE after the action.

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