China accused of copying even Goldman Sachs
China has always been accused of pirating movies, handbags, Rolexes - even cars. Now surprisingly, Goldman Sachs has been added to the list.
Goldman Sachs (Shenzhen) Financial Leasing Co. has been operating in the city just across the border from Hong Kong using a nearly identical English and Chinese name as the New York-based financial institution, Goldman Sachs Group Inc. The company even claims on its website to be one of the city's largest financial leasing firms.
The company is not affiliated with the US bank and wouldn't offer how it got its name, emphasising it includes Shenzhen.
Sanjay Kapoor steps down as Micromax chairman
Sanjay Kapoor is stepping down as chairman of Micromax. This news came a little over a year after Kapoor had joined the country's No. 2 handset maker.
Several people aware of the matter said his departure stemmed from differences with promoters over strategy.
Micromax didn't elaborate on the reasons for Kapoor leaving. Discussions are underway regarding the financial terms of his exit.
When he joined in June 2014, Kapoor had been tasked with making Micromax a global brand, helping it raise money and boosting its software capabilities.
Paytm sets eyes on consulting companies to poach employees
Noida-headquartered ecommerce giant Paytm has set its eyes upon McKinsey & Company, Boston Consulting Group and AT Kearney to poach employees who can bring their experience in consulting and leverage it towards innovation, operations and management of strategic tie-ups.
This approach towards recruitment comes at a time when Paytm is looking towards acquisitions across the local e-commerce space.
Since January this year, almost 10 people from McKinsey, BCG and AT Kearney have joined Paytm.
Delhi govt. targets to offer 10,000 openings in the next leg of the job summit
Enthused with the success of its first job summit, the Delhi government today said it will soon organise another round of the event under which it will provide jobs to around 10,000 people.
Employment Minister Gopal Rai held a meeting with various companies, NGOs and umbrella organisations like FICCI, ASSOCHEM and CII.
The first job summit was an 11-day event that had started on August 1 this year. Around 25 private companies had participated and offered job opportunities to thousands of youths.
Ray-Ban drags online store Shopclues to court
Luxottica Group, the owner of popular eyewear brand Ray-Ban, has taken legal action against an online marketplace for allegedly hosting fake products for sale. The company dragged ShopClues.com to court, also accusing it of misleading customers by offering heavy discounts.
The Delhi High Court last week pulled up ShopClues for breaching its earlier direction and continuing to sell Ray-Ban branded items.