India Is Facing An Epidemic Of Fake CVs From Desperate Job Seekers

India Is Facing An Epidemic Of Fake CVs From Desperate Job Seekers

ABHAYA SRIVASTAVAAGENCE FRANCE PRESSE
JAN. 13, 2014, 7:18 AM 6,470 21

A supervisor gives instructions to send the last batch of pending telegrams inside the dispatch section of the Central Telegraph Office in Mumbai July 16, 2013. Managers of an IT company in New Delhi were puzzled as they sifted through a pile of CVs — as many as 30 job seekers claimed to have worked previously for the same employer. Read more of this post

India’s First Ministry for Cows

January 14, 2014, 3:07 PM

India’s First Ministry for Cows

Top of Form

By Atish Patel and Saptarishi Dutta

Even in a country where the cow is revered, a government ministry dedicated to the protection of the animal is a first.

Rajasthan’s right-wing Hindu administration is set to establish a government department for the preservation and protection of cows and to start research institutions, or cow science universities, focused on the rearing and health of the animal. Read more of this post

Indian consumers tighten their belts to cope with rising prices

January 14, 2014 4:56 am

Indian consumers tighten their belts to cope with rising prices

By Amy Kazmin in New Delhi

At Shri Ambico Medicos, a tiny family-owned pharmacy in New Delhi’s Khanna Market, India’s economic malaise is reflected in declining sales of men’s deodorant and facial creams. Read more of this post

Red Tape Snarls Projects in India

Red Tape Snarls Projects in India

By NEHA THIRANI BAGRIJAN. 14, 2014

MUMBAI, India — The Mumbai Trans Harbor Link, a 14-mile series of pillars supporting an eight-lane highway and a rail line, was supposed to be an artery relieving pressure on India’s financial capital, while feeding a new city and fresh growth. Read more of this post

Rise of ‘Common Man’ in India Threatens Stability of Government Coalition

Rise of ‘Common Man’ in India Threatens Stability of Government Coalition

The sudden popularity of India’s anti-graft Aam Aadmi Party is prompting concern at companies such as Maruti Suzuki India (MSIL) Ltd. that this year’s general election will fail to create a stable government. Read more of this post

The Rise of ColorBar; Samir Modi started ColorBar with the intention of building a homegrown beauty cosmetic brand. A decade later, he has a 5 percent share of the Rs 2,500 crore pie, and is growing

The Rise of ColorBar

by Prince Mathews Thomas | Jan 15, 2014

topimg_23323_samir_modi_300x400Color Bar- Sameer Modi.indd

Samir Modi started ColorBar with the intention of building a homegrown beauty cosmetic brand. A decade later, he has a 5 percent share of the Rs 2,500 crore pie, and is growing

With three women in his life, wife Shivani and two daughters Jayati and Vedika, Samir Modi can claim to have a fair understanding of the, well, fairer sex. While that may have contributed to this decision, it was hardly the only reason that prompted the son of industrialist KK Modi, founder of the $2 billion Modi Enterprises, to venture into the beauty cosmetics business in 2004.  Read more of this post

An Economic Shadow Over a Political Year

An Economic Shadow Over a Political Year

By Shoeb K. Zainuddin on 9:07 am January 13, 2014.
It was early Sunday morning, the sky gray after a night of heavy rain. The air was damp but that did not affect the mood of the thousands of Jakartans who were out on Jalan Sudirman, cycling, walking and jogging. Most Sundays, the capital’s busy thoroughfare is transformed into a sea of humanity as the early risers enjoy the car-free roads. Read more of this post

Blue Bird taxis flying high with $2bn IPO valuation

January 15, 2014 1:49 am

Blue Bird taxis flying high with $2bn IPO valuation

By Ben Bland in Jakarta

In the sprawling city of 12m that is Jakarta – heavy on traffic, low on decent public transport – everyone from local office workers to international investors relies on Blue Bird taxis to get around. Read more of this post

Jakarta to Offer Free Bus Tours of Capital’s Historic Sites; “We thank God that Jakarta will finally have city tour buses,” tourism head Arie Budhiman

Jakarta to Offer Free Bus Tours of Capital’s Historic Sites

By Lenny Tristia Tambun on 2:06 pm January 14, 2014.

The Jakarta Tourism Agency welcomed the arrival of five double-decker tour buses Monday night as the capital, long listed as a sight best left unseen on a visit to Indonesia, began an aggressive push to double the number of foreign tourists visiting the city. Read more of this post

Indonesia’s Universal Healthcare — Will it Work?

Indonesia’s Universal Healthcare — Will it Work?

By IRIN on 3:06 pm January 14, 2014.

The rollout of universal health coverage in Indonesia has been greeted with public enthusiasm, but health experts warn that inadequate funding could undermine the quality of care. Read more of this post

Can Japan ditch ‘out-of-Asia’ notion?

2014-01-14 16:16

Can Japan ditch ‘out-of-Asia’ notion?

By Chung Min-uck
Can Japan overcome its “go-out-of-Asia” notion and be friendly with the neighbors?
“Once the wind of Western civilization blows toward the East every blade of grass and tree in the East follows what the Western wind brings. We do not have time to wait for the enlightenment of our neighbors (Korea and China)… I will deny those bad Asian friends from my heart.” Read more of this post

Suntory Billionaire Taps Jim Beam as Family Business Goes Global

Suntory Billionaire Taps Jim Beam as Family Business Goes Global

Nobutada Saji’s grandfather made Suntory Holdings Ltd. a household name in Japan. The grandson this week took a step toward transforming the family business into a global beverage giant. Suntory’s Jan. 13 announcement that it agreed to buy U.S. distiller Beam (BEAM) Inc. for $16 billion caps a series of overseas acquisitions under Saji, a U.S.-educated billionaire who sports a trademark silver-flecked mustache. Acquiring the maker of Jim Beam bourbon will turn the closely held Suntory into the world’s third-largest maker of premium spirits, according to the company. Read more of this post

810 S. Korea firms file for receivership last year

810 S. Korea firms file for receivership last year

Kim Hyo-hye, Shin Soo-hyun

2014.01.13 18:09:58

A host of South Korean companies have resorted to the court after failing to tackle financial woes amid the sputtering economy. The number of companies, which filed for the corporate revival process that equates to court receivership or composition in the past, stood at 810 last year, the highest since the 1998 Asian financial crisis.
The combined assets of all the troubled corporations under management of the court bankruptcy divisions topped 30 trillion won, on a par with assets of the country’s 10 biggest conglomerates.  Read more of this post

KDI: S. Korea would follow footsteps of Japan without restructuring

KDI: S. Korea would follow footsteps of Japan without restructuring

Chun Beom-joo, Lee Hyun-jung

2014.01.15 17:43:19

South Korea’s economy would remain trapped in anemic growth without across-the-board corporate restructuring, said a public think tank Korea Development Institute (KDI). This is a wake-up call that as one out of three conglomerates cannot even repay interest with their earnings, a failure to execute pre-emptive restructuring could aggravate corporate profitability further, propelling all of them to collapse.  Read more of this post

Korea exposed to ‘Samsung risks’

2014-01-13 18:32

Korea exposed to ‘Samsung risks’

By Kim Rahn
Samsung and Hyundai groups have been the main engine for Korea’s growth over the decades but the two are now emerging as potential risks with economic dependence on the duo growing at an alarming pace. Read more of this post

Korea has long held the nickname “Republic of Chaebol,” but a recent report on economic concentration supports this satirical moniker with hard facts and figures

2014-01-14 17:18

Widening economic gap

Korea has long held the nickname “Republic of Chaebol,” but a recent report on economic concentration supports this satirical moniker with hard facts and figures.
In the report, CEO Score, a local corporate consultant, said the combined sale of the nation’s two largest family-controlled conglomerates ― Samsung and Hyundai ― is equivalent to 35 percent of the nation’s gross domestic product. The aggregate market value of their affiliates also account for 37 percent of all companies listed on the local bourses.   Read more of this post

Korea’s Jeju Island’s Battle of Museums Isn’t Exactly a Culture War; Tourist Spots Dedicated to Teddy Bears, Sex, Chocolate, More Set Off Resort Squabble

Korea’s Jeju Island’s Battle of Museums Isn’t Exactly a Culture War

Tourist Spots Dedicated to Teddy Bears, Sex, Chocolate, More Set Off Resort Squabble

ALEX FRANGOS

Updated Jan. 14, 2014 10:46 p.m. ET

P1-BO753_JEJU_D_20140113181744

JEJU, South Korea—On picturesque Jeju island, visitors can hike through tangerine orchards to a dormant volcano, watch women dive for shellfish or, if it strikes their fancy, take in the World Eros Museum. Read more of this post

Samsung Group said that it will reduce its dependence on aptitude tests to choose new hires, admitting that its own custom-made test has cost job applicants a lot of money spent on cram schools

Samsung tries a fresh approach for new recruits

Its own aptitude test and other ‘specs’ will be given less weight

Jan 16,2014

Samsung Group said yesterday that it will reduce its dependence on aptitude tests to choose new hires, admitting that its own custom-made test has cost job applicants a lot of money spent on cram schools. Read more of this post

South Korea Private-Equity Firms Start to Target Midsize, Distressed Companies

South Korea Private-Equity Firms Start to Target Midsize, Distressed Companies

KANGA KONG

Jan. 14, 2014 5:13 a.m. ET

AM-BB867_AMONEY_NS_20140114032405

South Korea’s private-equity industry is growing, with newer entrants focusing on areas that haven’t received much attention in the past, particularly acquisitions of midsize companies as well as distressed assets. Read more of this post

Top Samsung Analyst Predicts Stock Wipeout Will Deepen

Top Samsung Analyst Predicts Stock Wipeout Will Deepen

The slump in Samsung Electronics Co. (005930) that wiped out $28 billion of market value in six weeks will deepen as Apple Inc. (AAPL) and Chinese rivals take market share in handsets, according to the stock’s most-accurate forecaster. Read more of this post

A UK web pioneer cracks the US; Pete Flint helped build Lastminute.com but surpassed that with property site Trulia

January 14, 2014 3:34 pm

A UK web pioneer cracks the US

By Hannah Kuchler

MBA route: Pete Flint went to Stanford business school after Lastminute.com

Arriving in Silicon Valley 10 years ago with just two suitcases and an admissions letter for Stanford Graduate School of Business, Pete Flint was a relative nobody, despite having helped start the UK’s most famous internet business. Read more of this post

Are Potential Cable Mergers Good for Consumers?

JANUARY 14, 2014, 2:32 PM

Are Potential Cable Mergers Good for Consumers?

By DAVID GELLES

With the specter of consolidation looming over the cable operator industry, eyes are already turning to Washington, where regulators are bound to look closely at the antitrust issues surrounding any potential merger. Read more of this post

Can Dr. Dre Beat Spotify?

Can Dr. Dre Beat Spotify?

Buying music is passe; nowadays it’s all about renting. Billboard reports that sales of “album plus track equivalent albums” fell by 7.6 percent in 2013. (Among subcategories of both digital and physical media, only vinyl sales increased last year.) The new hot trends are monthly subscription services that let people rent unlimited music from large catalogs hosted in the cloud, as well as personalized radio services that make money by selling ads. Read more of this post

Ecommerce in 1984: Innovation is never pretty at first

Ecommerce in 1984: Innovation is never pretty at first

BY ERIN GRIFFITH 
ON JANUARY 14, 2014

In its earliest versions, technology is never the slick, smooth-operating magic it aspires to be. That takes iteration. Sometimes the tools just aren’t yet able to do what some visionary imagines they will one day be able to do. Other times people aren’t yet ready for a new way to do things. Either way, it’s easy to look at a new piece of technology, be it Google Glass, bitcoin, 3D printing, or Smartwigs, and dismiss it as useless, unnecessary, clunky, or not worth it. Read more of this post

German Firms Seed Web Shopping in the Developing World

German Firms Seed Web Shopping in the Developing World

ANTON TROIANOVSKI

Jan. 13, 2014 11:03 p.m. ET

LAGOS, Nigeria—The message from his boss on the phone from Germany was straightforward, recalls Hendrik Harren, a former website manager in Africa: “I want you to build the Amazon of Nigeria for me.” Read more of this post

Google Is Trying Harder Than Ever to Be Facebook; And as a result, its users feel betrayed and manipulated

Google Is Trying Harder Than Ever to Be Facebook

And as a result, its users feel betrayed and manipulated.

By David Auerbach

The Google user who wrote this piece may or may not be a Brony, but in any case, he’d like to keep it to himself.

Once upon a time, there were two sisters, Googalina and Facebookella. Googalina, the elder, was precocious beyond measure and famed for her breadth of knowledge and savvy business acumen, which brought great wealth to her family. Her counsel was widely sought, her skills in endless demand, and she gained the confidences of many. Facebookella lacked the sheer brainpower of her elder sister, but had been gifted instead with unending charm and social prowess. Facebookella became the grand dame of countless salons, bringing people together while discreetly learning their secrets. Read more of this post

How A Curious VC Found Uber Before Anyone Else, Back When It Was Only Worth $4 Million

How A Curious VC Found Uber Before Anyone Else, Back When It Was Only Worth $4 Million

ALYSON SHONTELL

JAN. 14, 2014, 1:21 PM 5,345 1

Rob Hayes led First Round Capital’s early investment in Uber. The company was only worth $4 million then; now it’s worth $3 billion more. Rob Hayes’ family was not happy with him on July 4, 2010. He spent too much of the holiday on his phone, trying to organize an investment in a new, unproven startup. Read more of this post

How Amazon is changing global retail – and other industries

How Amazon is changing global retail – and other industries

Published 13 January 2014 16:28, Updated 14 January 2014 10:19

Katherine Rushton

Jeff Bezos’s 2014 did not begin well. Last week, the Amazon founder, who turned 50 on Sunday, had his cruise of Ecuador’s Galapagos Islands interrupted by kidney stones. He had to be whisked home to the United States to recover. Read more of this post

Intel’s Vietnam Success Begins With Building Paper Towers

Intel’s Vietnam Success Begins With Building Paper Towers

A quiet revolution pushed by Intel Corp. is occurring at a top Ho Chi Minh City engineering school: students clustered in small groups design paper towers while the blackboard goes unused. Read more of this post

Kindle Vending Machine Shows How Amazon Could Take Over the World

Kindle Vending Machine Shows How Amazon Could Take Over the World

BY MARCUS WOHLSEN

01.10.14

Instead of running a big booth on the show floor or unloading a bombastic keynote speech, Amazon made its presence known at this week’s Consumer Electronics Show in Las Vegas with decidedly more subtlety. It wedged a vending machine in between a Wells Fargo ATM and a scuffed-up door at the Las Vegas airport. Read more of this post