Emkay Commotrade elevates Atul Shah as chief operating officer

Atul will continue to be responsible for the commodity broking business at Emkay Commotrade

Emkay Global Financial Services Ltd has announced that Atul Shah, head commodities, has been elevated and has been designated as chief operating officer, Emkay Commotrade Ltd with effect from 16 August 2011.

Atul will continue to be responsible for the commodity broking business at Emkay Commotrade and shall report to Ashok Mittal, CEO, Emkay Commotrade Ltd.

A Post Graduate in PGDFM, Atul has over 15 years of work experience in various aspects of the equity business and over five years of experience in commodities. In his earlier assignments, he has worked with BSE members MM Patel and Vikram Kenia Securities Pvt Ltd. He also represents the commodity business at CII and has the distinction of releasing the Pre US market report, a first of its kind in the Industry, to guide investors during US market trading hours.

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Indian smartphone users spend more time on internet: Survey

According to a Nielsen-Informate Mobile Intelligence survey, Indian smartphone users spend 72% of the time on activities such as gaming, entertainment, applications and internet related content. The remaining 28% of the time is used for voice calls and text messaging

New Delhi: An average Indian smartphone user spends about two-and-half hours a day on the handset, dedicating more time to entertainment and internet activities than to voice calls and text messages, reports PTI.

According to a Nielsen-Informate Mobile Intelligence survey, the Indian smartphone user spends 72% of the time on activities such as gaming, entertainment, applications (apps) and internet related content. The remaining 28% of the time is used for voice calls and text messaging, it added.

"Today, younger Indians for instance, prefer texting and chat over voice communications and understanding this behaviour better can define data consumption and customer acquisition strategies for operators and handset providers," Nielsen India managing director (media) Farshad Family said.

India's rapidly growing mobile user base presents marketers and businesses with an opportunity to improve the precision with which they reach out to the new Indian consumer, he added.

According to the study, while those in the age group of 15-24 years were spending about three hours a day on their smartphones, those in the over 31 year category spent about two hours.

Also, the younger smartphone users (15-25 years) spend two hours on browsing and entertainment compared to one hour in the other category (over 31 years).

Time spent on chat and SMS stood at about 31 minutes for the younger users against 15 minutes by the other category.

According to the survey, 15-25 year olds spend about half an hour on other mundane activities like contact search and alarms, while it is 45 minutes in the case of those over 31 years.

It also found that 68% of the 15-24 year olds used a chat application last month as compared to 42% for the 31 year old and above category.

Market research firm Nielsen and telecom industry tracking firm Informate Mobile Intelligence have entered into a strategic alliance to tap mobile insights and analytics for marketers and the industry.

The alliance, 'Nielsen Informate Mobile Insights', will bring together Nielsen consumer and marketing expertise with Informate's technology and domain expertise.

"On-device metering is a pioneering technology that will for the first time give advertisers, content developers and telecom players an insight into how the mobile consumer is evolving," Informate Mobile Intelligence president Kedar Sohoni said.

For instance, according to the survey, data usage for third generation (3G) users was close to 44% more than 2G users. An Android user installs an average of 19 applications in a month compared to 10 applications for a Symbian user.

"These analytics combined with Nielsen's expertise in consumer understanding will offer marketers an unmatched view of a powerful new medium," Mr Sohoni added.

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ICICI Securities appoints Jaideep Goswami as co-head of equities

Jaideep brings with him over 17 years of experience in equities business

ICICI Securities Ltd today announced the appointment of Jaideep Goswami as executive vice president and co-head of equities. He joins ICICI Securities from Daiwa Capital Markets India Pvt Ltd, where he was the MD and head of equities leading the institutional brokerage business in India.

 "Jaideep's deep knowledge of the Indian equities, his strong expertise and extensive institutional relationships will bring value to ICICI Securities. His appointment is a step further in the strengthening of our equities sales and trading platform," said Anup Bagchi, MD & CEO, ICICI Securities Ltd.

Jaideep brings with him over 17 years of valuable experience in equities business which includes Daiwa Capital Market, UTI Mutual Fund, HDFC Securities, TATA TD Waterhouse Securities and UTI Securities Exchange Ltd.

He is an MBA from Indian Institute of Management, Kolkata, and also holds a BE (honours) degree in mechanical engineering from Jadavpur University.

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