Frozen Demat A/cs – Action At Last

According to THE TIMES OF INDIA, Chennai Ed. (Dt.22/Dec/2008), Income Tax Department will start investigating into the Frozen Demat A/cs to find the black money and undisclosed transactions. A move that should have been done long back when SEBI ordered the freezing of the Demat A/cs without PAN. At last IT Dept & Govt. of ...

Satyam-Maytas – Corporate Governance Issue?

There is a lot of hype in the Media about the issue of Satyam’s failed buyout plan of Maytas. Talks of Corporate Governance are around and even demand that SEBI/ MCA conduct enquiry on the issue proactively without any need for anybody to complain. Various sections in SEBI’s rulebook are quoted which empower it to ...

Satyam-Maytas Misadventure

Satyam Computers announced the buyout of 2 Infrastructure companies – Maytas Infra & Maytas Properties. Both are owned/operated by the sons of Satyam Computer’s Promoter/founder. The reason put forward was diversification in uncertain times. But the market did not like it and they crashed the script’s ADR’s price by almost 55% and as I write ...

Drive towards Consolidation in Banking Industry

I had the opportunity to attend a Banking Conference in Mumbai organised by IBA & FICCI. The Theme was “Navigating succesfully in an uncertain world”. Speakers discussed about the current financial crisis and what needs to be done.  Some of the points that regularly featured in most speaker’s action plan or suggestions where: Increase Capital ...

Urbanisation

Urbanisation, the phenomenon that is sweeping through the world and silently causing more harm than benefit to mankind, has been praised for the economic development of the poor. It has been said that the world will be more Urban than Rural (which it has been since time immemorial) in the days to come. What is ...

Foreign Investments in an Economy

Disclaimer: This post purely represents my personal Thoughts only and nobody else’s. Most people when asked what is needed for a country to grow will say Foreign Investment flows into the country are vital to the growth and the pace of growth of the country. Now, I don’t challenge the conception/theory, but I differ in ...

MRTS

I am a regular commuter in the MRTS in Chennai. I find it the best and most convenient way to reach my office in ELNET (Opp. Tiruvanmiyur Station) on a weekday. Observing the MRTS for the past one year, I wonder about the negligence of the Railway Authorities. Most of the Stations on the Phase ...

Alert! Korean & Chinese Made Mobile Phone Owners in India

Recently Government of India has proposed to ban all Korean & Chinese made Mobile phones in view of the security Threat Posed by them since they do not have IMEI numbers and it is difficult to trace them without IMEI number. In view of the recent bomb blasts in various places across India and the ...

Empty Air India Flight – Drain on Tax Payer’s Money

Our return trip from Mumbai to Chennai was booked on Jet Airways (2020HRS flight). Unfortunately they had cancelled the flight, we got an sms a day before we were supposed to start from Mumbai. Since our hotel was adjacent to the Airport in Mumbai, we went to the Jet Airways Reservation Counter to clarify. We ...

Kindfisher Airlines – Low Cost or Full Service?

I travelled to Mumbai from Chennai on 6th for a Banking Conference. We had our tickets booked in Kingfisher Airlines. I had a lot of expectations esp. after hearing about the superior service of the Airlines. We had a surprise in store for us when we board the flight – we realised a little later ...