Disgraced US Olympic swimmer Ryan Lochte, who lied about being robbed at gunpoint by a policeman after a night out during the Rio Olympics is to lose sponsorship from four major sponsors including fashion label Ralph Lauren, swimwear manufacturer Speedo, skin care firm Syneron-Candela and Japanese mattress maker Airweave. Lochte (32), is one of the…
Samuel Bowles an economist at the Santa Fe Institute, makes the case that appeals made to our self-interest can undercut instinctive moral impulses, and that when these impulses are weakened , crucial institutions work sub-optimally and power of greed triumphs. Fifteen years ago the Boston Fire Department ended its policy of unlimited sick days,…
Dr Gary P Hamel 62, an American management expert, founder of “Strategos”, based in Chicago, one of the world’s most influential business thinkers, has been on the faculty of the London Business School for more than 30 years and is the director of the Management Innovation eXchange. Hamel penned 17 articles for Harvard Business Review and…
India;s first Ayurvedic E-Commerce Online store started 16 years ago in 1999, a Faridabad-based Nirogam.com, started by a college dropout which has served millions across hundreds of countries. Puneet Aggarwal, was simply helping a lady with sending emails at 25 pence per mail, with his basic knowledge of computers and coding when the lady had…
Indian national, Mohammad Basheer Abdul Khadar, a passenger who survived the dramatic crash of Flight EK521 bought a winning lottery ticket bought from Dubai International airport, before the return flight and is now a millionaire. He initially worked in the UAE for a dredging company from 1978, and now the fleet administrator for a car…
Stephanie Pearson, a school teacher, science and freelance writer and contributing Editor to “Outside” magazine, based in Santa Fe, New Mexico, won the award for Best Foreign Journalist for India. Her travel feature had appeared in the Outside Magazine. She had also travelled across Australia, Latin America to create a real-time, online curriculum for 50,000…
UK is set to pass legislation to allow the security services to snoop into smartphones, and scrutinise vast data sets and browsing habits. “We are moving towards a world where we end up predicting crime and prosecuting it before it happens.” By 2020, 35bn Zettabytes of data will be generated worldwide. Canada, France, New Zealand,…
Tech unicorn Airbnb is raising additional late-stage capital adding $850m to its coffers. The company has raised $1.5bn last year in one fo the largest VC rounds in history, to make its potential valuation to $30bn. Recently Airbnb sued The city of San Francisco over a law requiring Airbnb to verify that hosts had filed…
An Emirates Boeing 777-300 A6-EMW plane EK521 flying from Thiruvananthapuram, Kerala to Dubai has crash-landed around 12:45pm local time, at Dubai International Airport. Flights to and from the airport were suspended for several hours as 21 flights were cancelled, but have now resumed. According to Emirates Airlines, there were 282 passengers and 18 crew…
Duvvuri Subbarao, was the boss India’s central bank Reserve Bank Of India, for 11 days when Lehman Brothers collapsed, plunging into the biggest financial crisis in decades. His turbulent relationships with two Finance Ministers of India at that time P. Chidambaram and Pranab Mukherjee, and give his account that may cause considerable embarrassment. Chidambaram in…