اخبار 1

A mobile phone app start up has received $ 1 m in funding. Nothing special about that - after all thousands of start ups get funding. What is interesting is the nature of the app itself. It is called Yo. And what it does is that you can send a message - Yo - to any of your friends. That's it. That's all you can say - Yo. Apparently its USP is that you can say Yo in two taps instead of the 13 taps it will take you in Whatsapp.  I am scratching my head in bewilderment. Why would I want to say just Yo to you ? In comparison, Twitter seems positively garrulous. Yo is being downloaded like there is no tomorrow - it has reached the top 50 downloaded apps on the Apple store. For some strange unexplained reason, iphone users want to say Yo more than Android users ! Apparently this is the start of something called "contextual communication" ! If a world cup match is going on and you send a Yo, it means - Dumbhead; somebody has scored a goal; turn on the TV and watch it. If you...

If you nodded your head saying money can't buy love, that wasn't what I meant ! After all this is a business blog and starry eyed affairs of the heart seldom feature here !!. Money can't even buy the thing money is supposed to be good at buying - a major sports championship. The trigger for this post is the NBA finals that concluded yesterday. The San Antonio Spurs defeated the Miami Heat to win the "World Championship" of basketball . For the sports purist, it was a wonderful result. The Spurs played sublime basketball. They came back after a heartbreaking loss last year to win it this time around. This is their fifth championship.  But this post isn't about the sport - its about the money. In sports, superstars make insane amounts of money as salaries. If ever there is a breed even more mercenary than bankers, it is sports stars. Salary levels are simply insane. Kobe Bryant the highest paid NBA star, earned a salary of $ 1 per second ! There are 31 m seconds...

It is fairly clear that I would not be able to get a job with Rockwell (a web hosting company) or the Kerry Group (food ingredients company). This is because I would have to answer, in the selection interview,  "How would you react if you were shot in the head with a Nerf gun?" (Rockwell) or "Is a Jaffa Cake, a cake or biscuit ?" (Kerry). Since I do not know what a Nerf Gun or Jaffa Cake is, it can be safely assumed that I would flunk the interview. The Glassdoor Blog chronicles each year the weirdest questions that companies have been known to ask in interviews. It of course makes extremely interesting reading and I would strongly recommend it instead of that useless report you are writing at this minute ! How would you answer to " "How many square feet of pizza is eaten in the US each year?" (Goldman Sachs !), or  "Can you instruct someone how to make an origami "cootie catcher" with just words?" (Living Social), or, "I...

Why is it that I, an incorrigible Americophile, am ranting against the US every month in this column ? I have long admired the US, the society, the culture and, especially, the economics.  I continue to be an unabashed admirer of so much in the US. and yet readers of this blog could easily mistake me for a "burn the US flag" extremist, considering the number of times I am criticising US policy and action in recent posts. Take the case of BNP, the French bank. Like so many banks before it, it has been caught up in investigations by the US on money laundering. The crime committed by the bank is that it routed transactions to Iran, Cuba and Sudan covering them up. Standard Chartered had a similar problem and I blogged about it here . Now it is BNP's turn.  The problem is not the act itself (although I will question even that later). BNP admits fault, is prepared to pay a fine etc etc. The problem is the quantum of the fine - $ 10 billion - the largest fine in the history of ...

In the blue corner - Uber, the taxi app that puts a customer in touch with the nearest driver willing to drive you to wherever. In the red corner is the traditional licensed cab. An almighty fight beckons in most cities in the world. Nowhere is this contrast starker than in London - the home of the black cab. Any visitor to London knows the unique black cabs that are ubiquitous all over the city. I know Londoners complain about them, just as people in any other city do of their own cabbies, but having seen a fair bit of the world, I can testify that London cabs are amongst the best. The cabs are spacious, they are almost always available, they go wherever you want, the drivers are usually good, they rarely cheat you and because of "The Knowledge" they know the way to where you want to go. The only drawback is that they are outrageously expensive ! Anybody who say "Bah" at my description of the London cabbie is welcome to meet his close cousin in New York  or a more ...

This blog steers clear of political issues (or at least tries to), and therefore it would not be appropriate to comment for or against the incoming government in India. However this blogger is a world leading authority on Ramamritham and therefore considers it fair to warn the incoming Prime Minister on the tactics and mechanism of dealing with this specimen. The incoming Prime Minister of India is reputed to favour high quality bureaucrats, give them political cover and a free hand and then hold them accountable for delivery. That is classic good management,  but he has thus far only dealt with the admirable Gujjubhai Shah. The situation is far more nuanced when it comes to Ramamritham, especially the variety that is found in the Central government. Firstly the Ramamritham in the Centre has, for the last five years, forgotten what it means to take a decision. Terrified by sundry agencies like the Auditor General, the CBI, the Press, etc, he has not taken a single decision in the last ...

This year, the Thomas and Uber Cup tournaments are being held in India. These are the men's and women's world championships in badminton. Badminton is one of the most exciting of sports to watch, even if you do not know much about it. Watching a major badminton tournament in Jakarta, the spiritual home of badminton, surely has to be one of the best sporting experiences anybody can have. Even the sport challenged Sriram's BP would shoot up ! India is world class in this sport, one of the few sports in which it is truly at the world level. The men's team is good, but not really in the top league. Its a different matter with the women however. With the meteoric rise of Sindhu, India has two players in the world top ten and on their day either can beat anybody in the world. The first three days of the tournament have been on expected lines. The men's team fought well, but will not progress beyond the group stage. The women's team has won its group - they beat Thail...