Frothy markets, disrupted IT services, Ather v. Ola and IIMs v. the Govt

livemint.com:

profiled banker and digital evangelist, Ashok Vaswani, who steps into the vacuum created by Uday Kotak's exit at Kotak Mahindra Bank (KMB) after nearly four decades at its helm. The key questions are: will Vaswani be able to settle the dust at KMB and compete in a fierce financial services market that is also tightly regulated? Read our Snapview for a sharp perspective on Vaswani's challenges at KMB. Meanwhile Subhash Narayan from our policy bureau in New Delhi reported that the Indian government is considering a clean up of public sector banks by drawing up a fresh list of which of those to privatise.

The government also wants to reduce non-performing loans from their balance sheets. The disruption in information technology (IT) services companies, who are still considered among the bluest of India's blue chip stocks, appears to be the flavour of the season. One of the major reasons for this is fears of recessionary trends hitting the US economy, where Indian IT companies garner a huge chunk of their business.

Shouvik Das, Mint's technology writer, gave us a sectoral overview of what's going with TCS, Infosys, Wipro and HCL, among others in this analysis of their performance and outlook. On the same day, Devina Sengupta and Varun Sood, broke a related story about how Infosys and Wipro will not be hiring from engineering college campuses next year. This marks the first time the Bangalore-based IT companies will not be hiring since the global financial crisis of 2008 that began with US subprime mortgages.