In 2021, 286 million skills have been added to the profiles of members on the professional networking platform LinkedIn. About 45% of recruiters select employees for their organization based on the skills they put on LinkedIn. These include Business Development, Marketing, Sales and Marketing, Engineering, SQL, Sales, Java, Sales Management, Microsoft Azure, and Spring Boot.
Open FlipICRA predicted on Friday that domestic steel prices would continue to decline in the near term because local markets cannot be protected from global trends. Icra Senior VP & Group Head, Corporate Sector Jayanta Roy said, “We expect domestic steel prices to remain under pressure over the near term since domestic steel prices cannot be insulated from the trends emerging in global steel markets."
Open FlipRajasthan has joined the list of states that have a specific EV policy to promote the adoption of such vehicles as the most recent addition. The EV policy for Rajsthan went into effect on September 1. The state government has authorised a budget of ₹40 Cr for contribution to the procurement of EVs under the Rajasthan Electric Vehicle Policy (REVP). The coverage is valid for five years.
Open FlipVolumes of derivatives tracking ether have increased by almost 10% over the previous month and are already ahead of those of bitcoin (BTC). Ether now controls 57% of the addressable market for both BTC & ether futures, up from 45% on August 1. According to data, open interest, which is the total value of unsettled futures contracts, has risen from less than $4B in July to over $8.43B this week.
Open FlipGoogle received 37,173 complaints from people in India through various grievance redressal systems in July 2022 and removed 6,89,457 items of content during the month. Both the number of complaints and Google's removal of content from India's website increased in July. The number of complaints climbed by 13.61% month over month, although the amount of content removed increased by 7.67%.
Open FlipAccording to the news website InsideBitcoins, the 5 Best Cryptocurrency to Buy for the Weekend Rally – September 2022 Week 1 are Battle Infinity (IBAT), Ethereum (ETH), Lucky Block (LBLOCK), Polygon (MATIC), and Cosmos (ATOM). On Friday, the overall market was in green.
Open FlipHere are the 10 stocks that moved the most on Sept 2: ✅Adani Enterprises | CMP: Rs 3,356.95,✅ HBL Power Systems | CMP: Rs 87.65, ✅Hero MotoCorp | CMP: Rs 2,827.25, ✅GMR Infra | CMP: Rs 39.55,✅ Aurobindo Pharma | CMP: Rs 534.60, ✅Adani Ports & SEZ | CMP: Rs 851.55, ✅Ramco Systems | CMP: Rs 294.20, ✅Tanla Platforms | CMP: Rs 741.95, ✅Natco Pharma | CMP: Rs 610.90, ✅RattanIndia Power | CMP: Rs 4.36.
Open FlipThe Omicron-targeted COVID-19 vaccine developed by Moderna Inc. was approved for use in Taiwan on Friday as a booster dose for adults. The Taiwan Food and Drug Administration stated that it has granted approval after evaluating the vaccine's overall efficacy and safety as well as the "urgent domestic public health demands."
Open FlipIndian unicorns that delay filing their financials may face sanctions from the MCA. By the law, a unicorn has seven months from the end of an FY to submit its annual financial report to the Registrar of Corporate Affairs else need to pay ₹200/day as a fine. Moreover, directors of the firm will face a sentence of at least six months if the submission of financial statements is delayed by 270 days.
Open FlipInfo Edge’s cofounder Sanjeev Bikhchandani has been reappointed as the non-executive director on Zomato’s board. The decision was taken at the company’s AGM on August 30. During the AGM, 98.9% of shareholders voted for the reappointment of Bikhchandani as the non-executive director of the startup. The audited financial statements of FY21-22 were also acknowledged during the AGM.
Open FlipDogecoin currently trades at $0.06137. In the last 24 hours, the coin moved 0.09% to the upside and decreased by 8.53% in the last seven days. The 11th largest cryptocurrency is moving in tandem with the rest of the market. The 24-hour trading volume is at $284 Million, which is an 8.02% decrease in the last 24 hours.
Open FlipThe Motilal Oswal group's two arms and the private equity firm India SME Investments have invested USD 66 million (about Rs 525 crore) in the tile manufacturer Simpolo. The funds will be used to access the best practices and expand market share. Simpolo Group was incorporated in 2008. As per a statement, Simpolo and Nexion will continue to operate as separate entities after the investment.
Open FlipOn Thursday, Thailands's securities regulator announced that tougher rules governing crypto advertising in the country came into effect. The new rules include clearly showing investment risks in advertisements and providing a balanced view of potential risk and returns. All new cryptocurrency advertisements that target local users will need to abide by the new rules.
Open FlipTo maintain its competitive edge in the post-Covid global economy, German container shipper Hapag-Lloyd is investing billions in modernising and expanding its fleet. The fifth-largest container line in the world, headquartered in Hamburg, has a sizable war chest after posting record profits during the Covid-19 crisis, which disrupted shipping capacity, crowded ports, and increased freight costs.
Open FlipLNJ Bhilwara Group has joined Legends League Cricket as the league's fourth and final franchise for the current campaign. The company deals in both EV batteries and textiles and reportedly it is the first sports investment of the company. Recently, the league saw franchises acquired by the Adani Group, GMR Group, and Manipal Education and Medical Group (MEMG).
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