Online News Roundup: Hiring picks up for ITES & Telecom, Arun Katiyar Joins One97 Mobility Fund As Venture Catalyst


Online News Roundup: Hiring picks up for ITES & Telecom, Arun Katiyar Joins One97 Mobility Fund As Venture Catalyst

Naukri’s Job Speak Index:  Hiring improves marginally for ITES, Telecom & Insurance sectors in July, Banking & IT dips hiring dips

Despite overall downturn in hiring because of global uncertainty, July 2012 witnessed hiring activity growing within range of 4% to 8 % compared to June this year in sectors such as ITES, Telecom and Insurance, according to Naukri’s Job Speak Index. Hiring demand for customer service, production and sales professionals also increased in July when compared to June 2012.

The Banking sector has seen the highest month on month dip with hiring activity going down by 16% in July when compared to June 2012. On a monthly level, Oil and Gas, Software services and Auto Sector saw recruitment levels dip within a range of 2% and 4% respectively over the same time period. City centric analysis by index revealed Pune and Hyderabad experienced 4% and 3% increase in hiring levels in July over June 2012, while Kolkata and Mumbai witnessed stable hiring levels during the same time period. On the other hand, Bengaluru and Chennai saw 3% dips in hiring activity during the same time period.

SEBI announces e-IPOs

Markets regulator Securities and Exchange Board of India (SEBI) has announced e-IPOs. Post this move, retail investors would be able to buy minimum numbers of share in Initial Public Offering (IPO). Initially, the option of e-IPOs will be available at over 1000 points for electronic bidding in public offers. SEBI also has approved procedure for e-IPO to help investors to bid for share in cost-effective manner across the country. Earlier, this week SEBI allowed Aadhar (UID Card) as a valid document for Identity card and address proof. [via]

Arun Katiyar joins One97 Mobility Fund as venture catalyst

One97 Mobility Fund (OMF), an initiative of One97 Communications has roped in Arun Katiyar, as a Venture Catalyst. Arun will actively engage with the leadership team of the companies that are a part of One97 Mobility Fund’s portfolio and mentor them on their business strategies. As venture catalyst, he will accelerate their growth through regular interactions and leadership management insights. Earlier, Arun was founder and chief operating officer of India Today’s online business venture and played key roles in various business initiatives of the group.

Myntra adds beauty & cosmetics products in its offering

Online etailer of lifestyle products, has entered beauty and cosmetic products segment and aims to be the most definitive online source of reliable cosmetic products. Currently, it offers brands like Biotique, Colorbar, Deborah, Lakme, Lotus Herbals, Nivea, Olay, Ponds, Revlon, Streetwear and Viviana. According to Myntra’s official statement, the launch is in line with their overall strategy to make Myntra the preferred shopping destination for all fashion and lifestyle needs. We have a fine selection of over 1,100 fashionable beauty products covering lip, nail, face, eye and skin solutions. Shoppers in Tier II and Tier III markets will now have unlimited access to a wide range of beauty products which are otherwise difficult to find in those cities.

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