Satyam Investigation – Hidding More Finding Less

The day court denied access to Ramalinga Raju for SEBI & SFIO, something looked suspicious in the investigations. To add to it daily statements are made by CB-CID about the relevations of the arrested trio and then they are flatly denied by the lawyers of the accused. Are we in for a staged drama here? ...

Corruption is Beneficial

Who says Corruption is Bad? Corruption is Beneficial to the Society. Corruption helps me (read: Officials) make more Money. Isn’t this Beneficial? Corruption helps me(read: Officials/workers) work less. Isn’t this Beneficial? Corruption helps me (read: common man) get away from Traffic Violations without major fine or cancellation of my Driving License. Isn’t this Beneficial? Corruption ...

Go Green! – Save the Planet or Cost Cutting

What is the real reason behind the active “Go Green” Campaign by many Companies (esp. in the Financial Sector in India)? Do they really want to help Save the Planet? Most “Go Green” Campaigns by the Financial Sector Companies start with sending Email statements to their customers – be it banks, Mutual Funds or Credit ...

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 ...

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 ...

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 ...