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New Delhi, Dec 1 (IANS) Within a month of introducing a free movie service, social networking site Worldfloat said Sunday it now offers more than 50,000 films in English, Hindi and several regional Indian languages including Tamil, Telugu, Bengali and Marathi.

"We started the movie service in early November. Now we are offering more than 50,000 movies. This makes us the number one movie site in India," Worldfloat founder Pushkar Mahatta said.

He said in the first phase, the company introduced 18,000 English movies and 7,000 Hindi movies.

"Now we have movies available in almost all the regional Indian languages," he said adding over 6,000 movies were available in Tamil and 3,000 in Telugu.

The company also offers 2,500 movies in Bengali, 4,000 in Malayalam, 3,000 in Kannada, 500 in Punjabi, 500 in Oriya and 400 in Gujarati, among others.

Mahatta said within the languages the movies are divided into various genres such as action, comedy, thriller, sci-fi, romance, fantasy, horror, drama, family, war, mystery, crime, history and biography.

"Worldfloat has created search engines for all languages. Now you can choose the language of the movie you want to watch and also search for the movies by name," he added.

He said the search engine as well as the quantity of movies is the largest so far in India.

Mahatta said the search engine would tremendously boost traffic and substantially enhance the engagement time of users to an average of more than an hour.

"Movies are the biggest source of entertainment in the world. At Worldfloat, users can now access almost all the movies at a click of a button for free," he said.

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Worldfloat offers 50,000 online movies for free

New Delhi, Dec 1:

Dealing room activities of brokers, fund managers and other institutional investors have come under regulatory scanner for possible manipulations through use of web-based social networking apps and messaging platforms.

While use of personal mobile phones are already prohibited inside dealing rooms where trades are executed on behalf of clients some brokers and fund managers have been found to be active on social networking and other web-based groups and messaging platforms while placing orders, sources said.

This has brought to fore significant risks of insider trading, front running and other manipulative activities with regard to key client trade information being shared with outside investors or even among the dealers possibly working as a cartel, they added.

Brokers and fund managers are not allowed to use their personal mobile phones inside dealing rooms to receive orders from clients, while fund houses and brokerage firms are required to store records for all client calls for future inspections by SEBI.

According to sources, SEBI is considering further tightening its norms with regard to dealing room communications, given the fast emergence of social networking and other web-based messaging platforms.

Those likely to be affected include entities dealing in stocks, derivatives and currency trading, among others.

Restricted use of BBM, WhatsApp

In a global probe into suspected rigging of forex rates, including those involving rupee as well, foreign regulators already suspect use of intra-bank and web-based messaging platforms among the currency traders.

Subsequently, many large global banks have already started clamping down on use of such platforms inside their dealing rooms and similar action can be expected with regard to Indian markets as well, sources added.

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SEBI scans dealing room networking chats to curb insider trading