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News

Problems In The Insider Trading

In a recent news report, it was found that a large number of messages precisely forecasted the Q2 earning pattern for particular stocks were being passed on. In every case, it was noted that the messages were sent before the official announcements. For this purpose, private Whatsapp groups were made and it had involvement of many equity traders. Most of the members belonged to the Nifty-50.

Problems In The Insider Trading

The application WhatsApp is owned by Facebook and is used for instant messaging where all types of communications take place. The benefit of using the WhatsApp is that the messages are encrypted only end-to-end, thus even the service provider cannot monitor the contents.

In reality, many groups are made on the WhatsApp platform by the equity traders. In these groups, they provide wild guesses about the consensus estimates. But in the report that was provided, the messages passed on were very precise and much closer to the original figures. But it doesn’t prove that the information passed was genuine or were mere guesses. But if it was intentional then it is against the insider trading laws in India.

Even if such messages were circulated, the origin of the messages can be found as the Whatsapp service has provided the facility of time-stamp through which the service provider can trace the mobile number. The Securities and Exchange Board of India (SEBI) has the authority to check if any illegal things were conducted with the help of the exchanges.

According to the report, the messages were accurate and thus SEBI should definitely carry out an investigation. And if proved SEBI too has the right to give punishment, fines, or both.

There are various ways and methods from where illegal things can be carried out; WhatsApp is not the only medium, there are many others in the market. The other market regulators also have to deal with the sensitive information and they too require to monitor its privacy.

There are ways where the problem can be resolved. The methods and techniques used previously should be modernized since the technology keeps on evolving and so will the problems.

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News Politics

Supreme Court Looks For Government’s Answer On Appeal To Regulate Bitcoin

An appeal to control the flow of Bitcoin and make sure that this crypt currency is made answerable to the exchequer this week resulted in the Supreme Court to look for an answer from the Center. A panel of Justices A M Khanwilkar and Chief Justice Dipak Misra and D Y Chandrachud directed notice to the ministries of Law, Finance, Information Technology, Justice, the RBI, and market regulator SEBI on the appeal which also required setting up of a board to structure a method to control the flow of Bitcoin.

Supreme Court Looks For Government's Answer On Appeal To Regulate Bitcoin

Bitcoin is a crypto currency that permits users to buy services and goods and swap over money without involving credit card issuers, banks, or other 3rd parties. It was rolled out in 2008 as a crypto currency as well as an electronic transaction system by an unnamed group of programmers. It is supposedly the 1st decentralized crypto currency where peer to peer payments come to pass without any mediator. The appeal, filed via advocate P N Razdan, also wanted responses from the Enforcement Directorate and the Income Tax department.

Petitioner counselor Dwaipayan Bhowmick, in his appeal, has claimed that that the money utilized to purchase Bitcoin from oversea locations is totally untraceable and might be utilized for other financial activities including trading directly from accounts of crypto currency without any responsibility.

“It is presented that particular nations have made crypto money (Bitcoin) subject to their individual tax rules, while a few other nations have chosen it as a service; in this manner making Bitcoin subject to regulation of the government and answerable to the exchequer, but no such method exists in the country till now,” it claimed to the media in an interview. The information was also provided by bunch of reliable sources that were well known with the issue this week. The data was offered by the sources on the sole condition of being unnamed.

The plea claimed that in spite of the call from RBI for watchfulness to users in opposition to the employment of virtual currencies, local Bitcoin exchange have been including more than 2,500 users each day and has crossed 5 Lakh downloads.

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News

Would Define Uber As Crazy, Yet Positive Experience: Uber VP

In a chat with Your Story, Uber VP Daniel talks about how cab aggregator (based in San Francisco) is innovating on the invention front. “For somebody who has started up previously, I would describe Uber as a crazy, yet positive and optimistic startup experience. We are 14,000 employees worldwide. But if you see at the things we all are working on an individual stage, and in a very small teams, every gradation is like a set up in itself.

Would Define Uber As Crazy, Yet Positive Experience: Uber VP

Uber is a particular company that has developed quicker as compared to other companies in the past. Dealing with that expansion does not have playbook. And you have to be completely prepared to deal with the anonymous. That is precisely what happens in a startup company,” stated VP Daniel Graf, Product Uber. Around a week ago, Daniel, with his San Francisco team members—(Head of Product,) Manik Gupta, Marketplace and Maps; and (Head of Uber Rider Experience) Peter Deng,—has been touring Bengaluru, Delhi, and Hyderabad.

Riding In The Course Of A Sea Change

The trio started Uber’s 3rd and India’s 2nd engineering foundation located in Hyderabad. After announcing the diverse tech innovations that Uber is creating for India, Daniel is currently sitting in a quiet meeting space located at The Ritz Carlton, in Bengaluru. He sometimes questions how he has handled not to come in India all this time, and desires to recognize what makes the marketplace tick. In the last two years ago, Uber has experienced a sea change. Valued presently at around $69 billion, Uber is supposed to be one of the highest rising startups company in the world. Started in the year 2011, Uber has, in the last 6 years, and is targeted to reach over 650 cities worldwide.

VP further stated that Inquisitiveness takes you a long way. Having harvest such as a diverse experience, what made Daniel opt for Uber? Talking about his shift, he stated, “I think inquisitiveness goes primary, particularly when you are projecting unchartered province. But few years ago, I didn’t visualize that I would in any way bang the lives of 460,000 driver partners by the expertise. That is a ground-level transformation. Due to this, Uber is unique.

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Technology

UC Browser Has Puzzlingly Vanished In India From The Google Play Store

One of the most well-liked web browsers in the world, UC Browser, has puzzlingly vanished from Google Play Store. The app has disappeared just days post it claimed on Google Play store reaching 500 Million downloads. While we’re on the subject, UC Mini, the lightweight edition of the browser, is still accessible on the Play Store for download. UC Browser is designed by UCWeb, which is controlled by Alibaba Group of China.

UC Browser Has Puzzlingly Vanished In India From The Google Play Store

The disappearance of browser from the Google Play Store was first posted by some consumers on Reddit India. Up to now, there is no authorized data on the disappearance of the app from Google Play Store. On the other hand, a report in Hindustan Times states that Google took the measures soon after the app of UC Browser came under the scanner of Indian Government for supposedly transferring data in China to distant servers. “It was claimed that the app might access consumer data even after its elimination from the handset,” claims the report. The news report further says that CDAC (Center for Development of Advanced Computing) in Hyderabad is dealing with the issue.

In August as well, the UC Browser had arrived under the scanner of the government for supposed leak of mobile information of its users in India. A senior official of IT ministry had then claimed the local media that it might face prohibition in the nation if found culpable.

“There have been objections in opposition to UC Browser that it transfers mobile information of its consumers in India to server located in China. There are objections that even if a consumer has cleaned browsing data or uninstalled it, the browser retains management of DNS of consumer’s handset,” the officer claimed to the media in an interview who wish to be unnamed.

The browser, on the other hand, so far is still obtainable for download on App Store of Apple. As per the Kleiner Perkins’ Internet Trends Report 2017, rolled out in June 2017, UC Browser is the top mobile Internet browser of the country with 50% share of the market chased by Opera and Google’s Chrome browser.

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News

Uber Board Hits Deal To Pave Path For Softbank Investment

Warring board members of Uber Technologies Inc. have hit a peace agreement that permits an investment worth multi-billion dollars by SoftBank Group Corp. to continue. This might also solve a lawful battle between a prominent shareholder and Travis Kalanick, the former Chief Executive of the company. Benchmark, the venture capital firm and an early sponsor with a board seat in the ride-hailing firm, and Kalanick have agreed on a deal over terms of the investment in SoftBank, which might be valued almost $10 Billion, as per 2 sources well known with the issue.

Uber Board Hits Deal To Pave Path For Softbank Investment

The board of Uber first settled over a month back to transport in SoftBank as a board member and an investor, but talks have been slowed by current fighting between Kalanick and Benchmark. The deal struck last week eliminated the last obstacle to permitting SoftBank to go on with a proposal to purchase stock. Uber verified that the agreement was continuing forward. “We have made an entry into a deal with a group led by Dragoneer and SoftBank on a possible investment,” a spokesman for Uber claimed. “We think that this deal is a sturdy vote of self-assurance in long-term potential of Uber.”

Being a Japanese company that has turned out to be behemoth in Silicon Valley tech spending, SoftBank is united alongside Dragoneer Investment Group in leading a group of sponsors that aims to spend $1–1.25 Billion in Uber, and moreover, will purchase almost 17% of current shares from employees and investors in a secondary payment. The terms were inked last week, even though the tender proposal might likely consume weeks to conclude.

Uber is capitalized at $68 Billion, the most highly capitalized venture-supported firm in the world. The $1 Billion roughly investment of SoftBank for fresh funding is anticipated to be at the same assessment. The secondary payment, or the purchases from existing investors and employees, might be at a less assessment. A spokesperson for Benchmark did not instantly answer for comment to a request, and a spokesperson for Kalanick refused to answer.

The agreement is also linked to new governance regulations that plan to hand out power more evenly and transport more supervision to the firm.

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Gadgets News

Apple iPhone 8 Plus And iPhone X Witnessing Good Demand And Sales Unlike iPhone 8

It has been a handful of weeks since Apple has began trading the 3 new handsets, the iPhone 8 Plus, iPhone 8, and iPhone X. While the firm has not unveiled the official trade numbers on the smartphone, Ming-Chi Kuo, the analyst at KGI Securities, has rolled out investor note forecasting on the demand and growth of the handsets.

Apple iPhone 8 Plus And iPhone X Witnessing Good Demand And Sales Unlike iPhone 8

In the note, Kuo claims that Apple iPhone X manufacture will reach somewhere in the range of 25 Million and 27 Million units at the time of the Q4 of 2017. The real trade numbers predicted are in the range of 22 Million and 24 Million. The analyst claims that he witnesses a sturdy need of the handset in the Q1 of next year. In the given time period, the manufacture is anticipated to develop by 35% to 45% as compared to the last quarter.

The reason for this is being claimed to be that the users will drop early concerns of getting utilized to all the modifications executed in the iPhone X. For the iPhone 8 Plus, it has been cited that the handset is being traded above the early guesses made by Apple. In addition to this, Hon Hai is claimed to switch its manufacture lines to iPhone X from iPhone 8 Plus to fulfill the extra orders in Q4. With iPhone X witnessing a sturdy development in Q1 2018 and iPhone 8 Plus trading a tad bit more than hoped, the iPhone 8 might be the only sufferer. The iPhone 8 Plus and iPhone X trades might be blamed for sales decline of iPhone 8.

Kuo claims that the manufacture of iPhone 8 might fall by 50% to 60% in Q1 of next year in comparison to the Q4 of this year. It has been claimed that the reason of drop might be owing to less selling points as compared to the iPhone X and the iPhone 8 Plus.

“With less main selling points and given a user fondness for iPhone 8 Plus on a restricted cost gap, we anticipate iPhone 8 manufacture orders to witness 50% to 60% quarter to quarter drop in Q1 of 2018,” he further claimed.

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News

Axe May Fall On Techies’ Jobs Soon

Right now, jobs based on simple tech are giving path to computerization. With Indian IT industry encountering disturbance in traditional jobs increasing each day owing to digitization and automation, job losses in the IT segment are expected to increase in the upcoming years with elevated computerization.

Axe May Fall On Techies’ Jobs Soon

Quite a handful of media columnists and commentators are of the opinion that this will affect future employment in India, where almost 65% of the worldwide IT transferred their work and 40% business operations car executed. “Ongoing decrement in outsourced businesses of headcount due to computerization will ultimately led to a scenario where just 30% of the labor force will stay pertinent,” Research Director at Gartner, DD Mishra, claimed to the media in an interview.

He thinks that this has mainly to do with the fact that as acceptance of computerization elevates, 70% of the workload can be managed by devices, without the requirement for humans to interfere. Analysts are also taking their signals from the World Bank, which claimed in 2016 that computerization terrorizes 69% of the occupations in India. All this is bound to effecting employment going forward. Employment intentions all over the IT segment in India will grow weaker from October 2017 to March 2018, as per a study by Experis IT ManpowerGroup India.

The communal figure of decreased headcount that the IT majors are considering is way much more than what the IT sector of India has ever seen and this drift is expected to carry on for the upcoming 6–12 Months, the survey claimed. The $155 Billion worth IT industry provides work for almost 3.9 Million people in the nation, and McKinsey predicts that 50% of the current labor force will be extraneous as they are not talented to stay tuned to the altering needs of the market.

A bulk of companies claimed that they need skilled freshers in the network. Firms are now seeking for fresh skill set in the sector that is already talented with the latest techs and is ready to strike the ground. This leaves the current employees with the choice of upgrading themselves. Failing to this will leave the employer with no choice but to fire the employee.

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Health Care

Check Out If You Are Addicted To Food

Do you have a soft corner for food?

Whenever you are with your friends and they offer you food, do you find it difficult to say No? You plan to go on a diet but your favorite food urges you to ditch your goal. If Yes, then you have come to a stage where you just don’t eat food to satisfy your hunger. You have started loving to eat food. And later on you will be addicted. Food addiction is a disorder that requires attention and should be treated on time.

Check Out If You Are Addicted To Food

How do you know you are addicted to food?

Food addiction is also known as a compulsive eating disorder and it is a condition wherein the person finds it difficult to stay without food even for a moment. Basically, they cannot say No to food. Even though they are not hungry they will have few bits and bites of food. In extreme cases, they will not even bother about the hygiene. They will be ready to eat in places where there is lack of hygiene and the surrounding areas are also in the worst condition. The people who are addicted to food fall into three categories, namely, early, middle, and late.

Reasons for the addiction

In many of the research works and studies, it has been found that a person getting addicted to anything is a gradual process. In this case, several factors may play a vital role such as physical and emotional conditions, stress, body dysmorphic disorder, and much more. It is more of a psychological thing; when you eat foods such as sweet, meat, or any foods that have high calories, our brain lovingly forces us to eat it more. This invites several troubles to your body.

Categories of addiction

People may not be addicted to every food product; there will be certain foods to which they cannot resist. The commonly found addictions are sugar addiction, caffeine addiction, junk food addiction, and others. The study concludes that when a person gets addicted to a particular food it becomes difficult to get rid of it. This causes several problems in the future.

Ill effects of the food addiction

The most basic ill effect is you give an invitation to several health-related issues such as diabetes, osteoporosis, morbid obesity, hypertension, and others. When your health deteriorates, you develop low esteem and due to which you have a bad social and professional life.

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News

“Everyone Can Code” Initiative From Apple Now Accessible To Students All Over The World

Apple has declared the worldwide growth of its initiative “Everyone Can Code” outside of the U.S. to more than 20 universities and colleges. These schools will now provide the App Development with Swift Curriculum, a complete-year course arranged by Apple educators and engineers to teach app design and coding to students of all backgrounds and levels.

“Everyone Can Code” Initiative From Apple Now Accessible To Students All Over The World

One of the biggest higher education institutions in Australia, RMIT University, offers widest global employments of the App Development with Swift Curriculum till date. Beginning this month, RMIT will provide the App Development with Swift curriculum via a new vocational course, which will be educated on campus, and RMIT Online.

RMIT joins over 20 global universities who are also providing the set of courses this year to students, including Hogeschool van Arnhem en Nijmegen in the Netherlands, Mercantec in Denmark, Plymouth University in the U.K., and Unitec Institute of Technology in New Zealand.

Tim Cook, CEO of Apple, claimed, “We rolled out the initiative ‘Everyone Can Code’ less than 1 Year back with the determined aim of providing coaching in coding to as many individuals as possible. Our initiative has been extremely popular amongst the U.S. colleges and schools, and today symbols a significant step forward as we grow worldwide. We are proud to operate with RMIT and most of the other schools all over the world who share our dream of giving power to students with instruments that can assist them modify the world.”

“App Development with Swift will play an important role in assisting students of RMIT use their entrepreneurship and creativity to gear up in the 21st century labor force for success,” claimed president and vice chancellor of RMIT University, Martin Bean CBE, to the media in an interview. “These are the types of skills that people of Australia require in the future for the jobs, and we are delighted to operate with Apple to deliver this significant set of courses.”

App Store users have now installed almost over 180 Billion apps and the company has paid out more than $70 Billion to developers ever since the store rolled out in 2008.

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Gadgets

Android 8.0 Oreo Crosses 0.3% Of All Active Gadgets

Google has unveiled the newest Android distribution information on its website of Android Developer. As per the table, the latest version of OS, 8.0 Oreo has not even crossed 1% of all the Android gadgets all over the world.

Android 8.0 Oreo Crosses 0.3% Of All Active Gadgets

The distribution figures unveil that Android 8.0 Oreo has smacked 0.3% of all the active gadgets that run on Android. This is a sluggish expansion keeping in mind the particular version began launching out to all the consumers in late August all over the world this year. It is worth claiming that the OS edition is limited to Pixel and Nexus gadgets only. None of the main OEMs have begun launching out the version of the OS to their handsets. Even those operating near stock Android variants such as Motorola and Nokia handsets have not yet got Android 8.0 Oreo.

Android 7.1 and 7.0 Nougat has witnessed a fine rise in comparison to previous month. Early last month, Android 7.1 and 7.0 were on 2.0% and 15.8%, respectively. This month they are placed on 3% and 17.6%, respectively. Keeping in mind that Android operates on more than 2 Billion handsets, a growth by a handful of percent also indicates thousands of gadgets. We see an increment in distribution of Nougat mainly due to various handsets receiving the OS updates.

Even though Android Lollipop and Marshmallow have witnessed a fall, they are still above Android Oreo and Nougat when it comes to distribution percentage. Android Marshmallow v6.0 has 30.9% gadgets wrapped. This also makes the specific version of OS the most extensive in the segment of tablets. Android Lollipop v5.1 and v5.0 obtain 20.8% and 6.4% respectively. Android Jelly Bean v4.3, v4.2.x, and v4.1.x are on 0.9%, 3.1%, and 2.2%, respectively. KitKat is hanging on 13.8%, while Android Ice Cream Sandwich and Gingerbread still survives in the distribution segment with 0.5% each.

Google by now has started trialing Android 8.1 in the preview mode for developer. It aims to make it openly available by subsequent month. As a result, in all likelihood we will view the specific version of OS in January 2018 in distribution table.