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Apple iPhone maker Foxconn’s recruiters nix bar on married women after outrage | Company Business News

LivemintLivemint · 7m ago
Apple iPhone maker Foxconn’s recruiters nix bar on married women after outrage | Company Business News
Medial

Apple iPhone supplier Foxconn has changed its hiring criteria in India by removing conditions related to marital status in job advertisements. This comes after media scrutiny and government investigations into discriminatory practices at the company's iPhone plant in Chennai. The revised ads remove previous criteria that excluded married women from assembly-line positions. Recruitment agents have been instructed to use standardized ads without mentioning Foxconn's name. The changes follow an investigation that found some ads violated anti-discrimination policies by excluding married women. The Indian government launched investigations into Foxconn's hiring practices, though the findings have not been disclosed.

Ageism Haunts Some Tech Workers in the Race to Get Hired

WiredWired · 1y ago
Ageism Haunts Some Tech Workers in the Race to Get Hired
Medial

Ageism continues to plague the tech industry, making it difficult for older workers to find new job opportunities. Despite the overall health of the US economy, tech companies have been laying off employees in large numbers. The issue of age discrimination in hiring has been highlighted in cases such as RelevantDB and IBM. Older workers often face bias due to stereotypes and perceptions about their ability to fit into a company's culture. These challenges, compounded by the increasingly competitive job market, have pushed older tech workers to adapt their job search strategies by building personal brands, networking, and emphasizing their contributions beyond their resumes. The ageism issue persists as tech workers with extensive experience struggle to find full-time employment and navigate automated hiring processes. Human connections and personal relationships can still play a crucial role in securing job opportunities. Despite the difficulties, older workers are finding ways to stay engaged and showcase their skills through side projects and initiatives. The solution to ageism in tech remains elusive, but job seekers are encouraged to be their authentic selves and continue persevering in their search for meaningful employment.

AstroSure.ai raises $6 Mn in seed round

EntrackrEntrackr · 6m ago
AstroSure.ai raises $6 Mn in seed round
Medial

Astro-tech startup AstroSure.ai has secured $6 million in a seed funding round led by Pradeep Dadha and a clutch of other investors. The fresh funds will be used to enhance the app with new features, improve its existing ones, increase its reach to more potential users, and hire more talented individuals to help build and expand the business, AstroSure said in a press release. Launched this month by Vanya Mishra and Hatim Kantawalla, AstroSure.ai combines the knowledge of Vedic astrologers and the skills of technology experts to create a product designed for mental well-being. The platform ensures that every prediction aligns with Vedic principles, while its AI algorithms make it easy for users to explore astrological advice at their fingertips. It is available on iOS and Android, with an aspiration to make astrology accessible and impactful for the digital age. AstroSure offers real-time, personalized astrology-based insights and tools to help users make better decisions in their daily lives. From insight about important milestones such as marriage, investments, or starting a new business or job, accurate guidance is provided by Agastyaa, the app’s virtual assistant. The startup aims to address key gaps in the current market, including a lack of transparency, inconsistent advice, and exploitative practices. The platform states that its beta phase has attracted over 1,50,000 users. According to market research, the Indian online astrology market is expected to grow significantly, reaching $1 billion by FY-2030, with India accounting for approximately 25% of the global astrotech market valued at $4 billion. AstroSure provides a freemium model, with no hidden costs or sneaky recharge demands, allowing users to explore all features of the app for free. It is available 24/7 for emotional clarity and spiritual guidance, with no wait times, and ensures guidance that is free from human error or bias, offering a safe space for all users. It will compete with other notable players in this space such as Astrotalk, Astrosage, Insta Astro, et al.

Retail advisory platform Univest raises $10 Mn in Series A

EntrackrEntrackr · 6m ago
Retail advisory platform Univest raises $10 Mn in Series A
Medial

Retail advisory platform Univest has raised $10 million in a Series A funding round led by Bertelsmann India Investments (BII). The startup had previously raised $1.5 million in a seed funding round from Trinity Media Group, Akash Anand, Deep Bajaj, and others. The fresh funds will be deployed towards accelerating its aim to democratize access to high-quality research and providing a full-stack brokerage offering, Univest said in a press release. Co-founded in 2022 by Pranit Arora, Avneet Dhamija, and Vikash Agarwal, Univest is a retail advisory platform, offering general recommendations through its SEBI-registered RA entity, Uniresearch. It provides expert trading advice across stocks, derivatives, and commodities. The platform aspires to become India's most trusted, research-first stock market super app, solving all retail investor challenges from selecting the right picks to timely exits on a single platform. “Our focus will remain on delivering seamless, personalized, and actionable insights that simplify the investment journey for our users. We look forward to leveraging this partnership to redefine the brokerage model and establish Univest as the go-to platform for retail investors in India,” said Pranit Arora, co-founder & CEO of Univest. According to the Gurugram-based company, it combines human expertise with advanced algorithms and real-time stock screening and delivers timely & reliable trading recommendations. The company offers flexible subscription plans across equity, futures, options, and commodities for 3, 6, and 12 months, and 5-year plans. Investors receive entry and exit signals from SEBI-registered analysts during live market hours, ensuring timely and accurate decision-making. Univest has been selected for the prestigious Google for Startups Accelerator Cohort 2024, recognized among the top 20 startups in India for its impactful solutions and immense growth potential. The platform claims that since inception, it has attracted over 3 million sign-ups and more than 150,000 paying subscribers, driven by an impressive success rate of 85% on profitable calls, with 60% of calls reaching their target prices. It competes with other startups in this space, such as Liquide, Waya, Tejimandi, Stoxbox, Gapup Club, and INDmoney.

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