Thursday, Jan 20, 2022
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Biztro

Business in bitesizes

Biztro
Biztro
outlookindia.com
2016-04-22T20:25:32+05:30

Everyone is complaining about jobless growth, but at least one segment is happy. The ‘Make in India’ drive is opening up a second career option for retired PSU and defence personnel, at the executive level. This is particularly so among companies in the defence sector. Anil Ambani’s Pipavav Defence has reportedly recruited over a dozen retired three-star defence officials in the rank of Lt Gen, Vice Admiral and Air Marshal. As a close observer explains, this is in keeping with global trends as they bring technical expertise, experience of maintaining equipment and understanding of the needs of the defence forces.


The Chinese hand

Barely a month after the government opened up the Indian e-commerce sector for FDI, prospective players are queuing up. After talk about China’s biggest e-commerce company Alibaba making a direct entry into India, Japan’s largest player, Rakuten, is reportedly interested too. Though the company has not confirmed it, Rakuten—which has a development centre in Bangalore since 2014 and has opened an office there— is reportedly hiring top people from other e-commerce players. Rakuten recently acquired Buy.com and owns Viber, is likely to give strong competition to home grown e-commerce players like Flipkart and Snapdeal and even Amazon.

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