Citigroup’s new CEO Vikram Pandit has already started sacrificing employees on the altar of saving the financial institution that is buffeted by the subprime mortgage meltdown and incompetent management. Early reports suggest that 4,200 Citigroup employees have already lost their jobs with thousands more job losses to come.
Last Pongal, Vijay’s Pokiri and Ajith’s Aalwar duked it out. Pokiri won a handsome victory while Aalwar failed miserably. This Pongal, will it be Vikram’s Bheema that’ll take home the laurels or is there a dark horse? After all, Kaalai (Simbhu), Vaazhthugal (Madhavan, Bhavana), Pazhani (Bharath), Pirivom Santhippom (Cheran, Sneha), Pidichirukku (Ashok), Indralogathil Na Azhagappan (Vadivelu) are […]
Infosys disclosed Friday that it had settled with the California Division of Labor Standards Enforcement (DLSE) towards possible overtime payment to certain employees in California for a total amount of $26 million. The payment pertains to the last three years and such back wages will be paid to employees in due course. The California Overtime […]
Struggling Citigroup’s new CEO Vikram Pandit has taken out his begging bowl to shore up the bank’s shaky financial foundation, going by today’s front page story in the Wall Street Journal (subscription required). The Journal piece suggests that Citi is looking to raise up to $10 billion and that Vikram Pandit is looking to the Middle […]
Now that Ratan Tata has unveiled the much anticipated $2,500 Tata Nano at the Delhi Auto Expo, the two big questions are what does the People’s Car mean for existing foreign players like Ford, GM and Suzuki who have set up operations in India and what impact will it have on Tata’s aspirations for the high-end Jaguar […]
What’s wrong with America? In the supposedly richest country in the world, 47 million Americans are uninsured and have no access to even basic healthcare. Even those with health insurance are routinely denied treatment by greedy insurance companies. Now comes more disturbing news. The U.S. has been ranked last in providing effective healthcare to its citizens, […]