Blog Sree Vijaykumar | From the Editor's Desk Now, this is definitely the coolest story of the day. John Oliver's brand of infotainment usually involves picking an important topic and educating us on something that's out of whack, with a bunch of funny analogies thrown in for entertainment. In this episode, he takes apart the shady debt buying industry in the US where unpaid debt gets packaged and keeps changing hands, usually on pennies on the dollar. These companies then use underhand techniques to try and recover some of the debt and make a profit. On the show he goes on to talk about how he registers a company himself and buys $15 million worth of debt for $60,000 and does something wonderful with that. Watch the episode here. Wonder what would happen if some of our Indian bank NPAs went down this path. | |
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Retail
| RetailAmazon set to broaden UK grocery serviceFinancial TimesFinancial TimesAmazon is set to broaden its grocery delivery service significantly in the UK, underlining its willingness to fight costly battles in pursuit of market share and lure affluent customers from supermarkets. A British version of the group's US Amazon ... |
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HRAre Software Engineers the Latest Exploited Migrant Workers?Before Elton Kent ever set foot in New York, his career was going swimmingly. A son of India’s upper-middle-class, he had cut his teeth at a start-up, and finagled that into a prized job offer as a software engineer at the most prestigious firm in India: Accenture. Then, he says, in 2012, another stroke of good fortune came: Management was going to transfer him to New York City. |
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| HRSalesforce to add 1000 jobs, sets up centre in Hyderabad Salesforce, a US-based customer success platform and customer relation management company, has unveiled its plans to significantly expand its presence in India with a new Centre of Excellence here at a 2,000 sq feet facility, which will be functional by the end of this year. |
| HRFreedom fighters seek jobs for grandchildrenAt a time when Jats are seeking reservation in government jobs, freedom fighters have sought priority in government jobs for their second generation (grandsons and granddaughters). |
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