Tuesday, December 29, 2009

read it plz





Thursday, December 24, 2009

To Gift, But What To Gift?

The question “To gift or not to gift?” is not as taxing as “To Gift, but, what to Gift?” There isn’t anyone in this world who does not like receiving gifts (at least none that I know of!). The very thought of receiving a gift is most exciting.

It is definitely a lot of fun to be at the receiving end but what about all those times when you have to buy a gift for someone? That someone can be anyone: an important client, a business partner, an old friend, a new acquaintance, a member of the family or just someone you don’t care much about!!!

Do you find yourself clueless and confused? Do you hate picking out gifts for people for the simple reason that you just don’t know what to buy??

If this describes you, here is what you can do before you go out to buy a gift for someone:

Work Out Your Budget - Be very clear in your mind about how much it is that you can manage to shell out to buy a gift. Your budget will also be affected by such factors as what is the occasion, what does the person in question mean to you? etc. Always keep a clear range in your mind and this will definitely simplify the whole process of picking out just the right gift.

Go to the right Store - If you are not sure of what to buy as a gift, its best to go to a mall or a department store where you can find items ranging in type, size and cost. This way you can see a lot of things and then decide what gels with your idea of that perfect gift.
Think of the Person - If you know the person well, think of their tastes, likes, dislikes and personality. Try to find a gift that will make them happy! However, if you do not know the person very well, things may be more complicated. The best way to resolve this is to buy a gift that will suit anyone - a bouquet of flowers, wallet, pen set, books etc which make for perfect general gifts and suit all ages and personalities.


It is the thought that Counts - Last but not the least; don’t forget that eventually it is the thought behind giving a gift to someone that really counts. So when purchasing or giving a gift to someone, no matter how big or small, do it with good (warm) feelings and I guarantee you the person on the receiving end will definitely enjoy and appreciate it.

Picking out a perfect gift for someone can be quite an enjoyable and rewarding experience. So the next time you go gift shopping, enjoy yourself, have fun and make someone happy!!

Basic First Aid Tips

Prevention is better than cure but sometimes certain accidents may occur that cannot be prevented. In such cases, knowledge of some basic first aid tips can come in very handy for everyone and help in reducing their effects.

The first thing to do is not to panic. Depending on the mishap or the accident, here are some common sense first aid tips that you can follow until help arrives to prevent & reduce serious consequences -

1. Respiration : Check to see if the victim is breathing properly and his or her airways are clear. Artificial respiration like Mouth to Mouth or Mouth to Nose can help.

2. Fainting: Lay down the patient and loosen his clothing around the chest, neck and waist. It is advisable to turn their head to one side. Once he/she regains consciousness, give them some fluids. Consult a doctor immediately.

3. Fracture: If you suspect a fracture, immobilize the affected limb and keep it padded with support on either side of the joint. Consult a doctor immediately.
4. Burns & Scalds: If the victim is suffering from burns or scalds, cool the affected area with cold water until the pain reduces. Cover the blisters with a clean cloth. Give the patient plenty of fluids. Consult a doctor.

5. Bleeding: If the victim has got hurt and is bleeding, the first thing you should do is to control the bleeding and take care of the wound. The wound should be covered with a bandage or a clean cloth. The affected part of the body like the leg or arm should be given rest and kept elevated.


6. Bleeding Nose: In the case of a bleeding nose, make the patient sit up with his head slightly forward. The nose should not be blown and the patient should try to avoid breathing from the nose. A cold compress should be applied over the nose. Consult a doctor.

7. Animal Bite: Wash the affected area with soap and water. Consult a doctor immediately to find out what to do next. If a dog has bitten the patient, it is usually advisable to identify the dog and watch him for a few days.


8. Bee Sting: Remove the sting of the bee using forceps. Consult a doctor immediately.

Always keep the following numbers handy with you -

- Doctor, Ambulance service, taxi service, most reliable person to contact in case of an emergency. Note: If you are in doubt about what to do, it is better to do nothing as due to your ignorance, you may do more harm than good.

Role Of Teachers In A Student / Child's Life

Children are like clay in a potter's hands. Just as a potter gives a desired shape to the clay in his hands, so do children become what their parents make them. This is primarily the reason why the early growing years in a child's life are the most crucial and lay the foundation for developing their nature, personality and the individual self.

These days, more and more children live in a household where both parents are working and often, such children rely heavily on their teachers for help, advice and guidance. There is no denying the fact that the role of a teacher in a student's life is very crucial right from the time when a child joins a day care centre to the stage when he / she takes a step forward towards establishing a professional career.

My Teacher, My Caretaker : The first instance when an individual comes in contact with a teacher is when he / she is a toddler. A large percentage of working mothers all over the world send their children to day care where the child is taken care of, from morning to evening by teachers who feed them, play with them and take care of their every need.

My Teacher, My Friend : The concept of play schools has become quite popular. Before starting regular schools, many parents enroll their children to play schools where kids of similar age groups come in contact with one another. Here too, teachers become a child's trusted friend and teach kids to open their minds to new activities, thoughts and information.

My Teacher, My Knowledge Bank: Proper education is the need of the day if we want our country to progress. This is because every child must be given the best level of education possible and to achieve this, it is essential to develop proper infrastructure, open new schools in villages as well as cities and hire well trained, motivated teachers who can not only act as facilitators of education but also guide students and become a good role model for them.

Besides school education, the years spent in college also shape the future of individuals. Here again, Lecturers and Professors have the power to truly inspire these young individuals to develop their thought processes and choose the right path in their pursuit for quality education.

My Teacher, My Inspiration: Without even realizing it, teachers have the ability to create a strong like or dislike for the subject they teach their students. The most monotonous / serious subjects can be made interesting by an inspired and dedicated teacher.

Often text books and curriculums become outdated. However, an inspired teacher can overcome these issues by keeping themselves updated with new concepts, teaching methodologies, and technological breakthroughs.

It has been rightly said that 'children are the future of any country' and teachers play an important role in shaping their bright future.

Cricket Controversies – A Legal Perspective

Cricket is known as the gentleman’s game. Englishmen used to play cricket to unwind themselves and have fun on a sunny day. However, today the game is fought – not played with all fury. Earlier Indians used to be at the receiving end in cricket. The soft and suave Indian players used to be abused and snubbed by the Aussies, English and even by the Pakistani teams. Suddenly things changed. Youngsters like Dhoni, Harbhajan, Sreeshant, and Ishant have made the team a formidable team which is not afraid to stare into the eyes of its opponents. The Indian cricket team’s visit to Down Under a few months back is an interesting study.

Sydney Cricket Ground (SCG) evokes different memories for different persons. The centuries scored, the five-wicket haul, innings defeats or the Ashes matches, all faded into oblivion when our own “Turbanator” – Harbhajan Singh was accused for calling Andrew Symonds – a monkey.

The ICC panel headed by Mike Procter immediately indicted Harbhajan for his remarks and subsequently served him a three Test ban. All hell broke out in India. People wanted to know whether calling anybody a monkey was so ‘unparliamentary’ that the Aussies could not stomach it. Others wanted to know how the bad mouthed and sledging Aussies could react when in the heat of the game somebody calls a player a monkey. Lawyers began discussing the ‘grave and sudden provocation’ that led Harbhajan to call Symonds a monkey. At the end of the day, a Judge was appointed to settle the seething dispute, before it snowballed into an acrimonious debate.

Justice John Hansen, a New Zealander, heard the matter in detail. All the Australian players including Captain Ricky Ponting and the Indian players including Sachin Tendulkar and Harbhajan Singh were heard. Justice Hansen held that it was a case of miscommunication and that Harbhajan had only uttered the words – ‘teri maa ki’ and not ‘monkey’. He did not find that Harbhajan committed any serious offence to warrant a violation under level 3.3 of the ICC Code. It is another matter that in India you could be thrashed for uttering the words ‘teri maa ki’. Anyway, Harbhajan had a narrow escape and we all sighed a sense of relief.

At the height of the issue, could the Australian expel, banish or deport a foreigner who had racially abused one of its citizens?


Indians are certainly not unaware about what happens to our citizens if the Aussie authorities do not like the colour of your skin. What would have happened if the authorities there found that the very presence of Harbhajan was opposed to peace, order and social harmony? Symonds was after all a member of the local aboriginal community, who though slaughtered by the early British; are now the downtrodden there.

Article 13 of the International covenant of 1966 on Civil and Political Rights which provides that an alien lawfully in the territory of a State which is party to the Covenant may be expelled only pursuant to a decision reached by law and except where compelling reasons of national security otherwise require, is to be allowed to submit the reasons against his expulsion and to have his care reviewed buy and to be represented for the purpose before the competent authority. Oppenheim’s International Law (9th edition) in paragraph 400, 401 and 413 also express a similar view.

But would the aggressive posturing of the Indian cricket team would amount to aggression on Australian soil? The Aussie team members raised this issue at the time of hearing of the Harbhajan case. In the present times, aggression doesn’t mean war or armed hostility. The so-called animus belligerendi is a decisive factor. Harbhajan Singh was accused of racially abusing Symonds. Instead of Symonds proving the charges, it was left to poor Harbhajan to prove that he did not call Symonds a monkey. Though in Criminal Jurisprudence the general rule is that the burden of proof is on the prosecution but if any fact is especially within the knowledge of the accused, he has to lead evidence to prove the said fact. Harbhajan, if at all called Symonds a Monkey, did not refer to his community, race or creed but only to his antics on the cricket field, his athleticism, his vigour and endless energy. If he had called Jayasurya, an ‘Asura’ as referred to in the Ramayana, then he would have racially abused Jayasurya.

The respect with which we hold monkeys in India is unparalled. Thousands of temples of Hanuman across India bear testimony to this fact. Harbhajan certainly would never thought of the fact that Symonds was an aboriginal, who are known around Australia as monkeys. Harbhajan himself hails from the minority Sikh community in India. The million-dollar question is whether Symonds sledged or racially abused Harbhajan Singh by hauling him up unnecessarily in the ICC proceedings.



Every passionate Indian fan would have noticed how the umpires punish the Asian players especially the Indians and Pakistanis for the slightest fault but let-off the Australian or English players very lightly. For the same offending incident recently the Aussie player was fined only 10% of his match fee, but Gautam Gambhir was banned for a match. Cricket a gentleman’s game? You decide.

Dharmic Religions : An Overview

Religion - the greatest among man made inventions - originated in the form of certain questions against which there prevailed scope for establishment. The establishment is reckoned as the taste of majority, at a particular time, over both tangible (physical) and intangible (spiritual) areas. Establishment itself has no consistency, as it undergoes either rejection or modification over some span of time.

India has a unique feature of welcoming foreign religions like Christianity, Islam as well as witnessing the origin and development of religions such as Hinduism, Buddhism, Jainism and Sikhism. The second set of religions are often collectively called Dharmic religions.

All religions had been influenced by the natural characteristics of the place, from where they originated. Dharmic religions recommend vegetarian style of food, which may be due to the influence of the then Indian scenario - vast vegetation. At the same time, the relatively dry places like Arab, Israel-Palestine contributed to the meat-eating habit of Christianity, Islam, and Jewish. Though the religions claim its principles as as the key way for the entire humanity, in fact, they are created for those people who originated around those places. Thus there exists the prominent distinctive feature among religions and it may be the root-cause for various cultural and religious riots.

Hinduism
Hinduism, the very ancient religion of the world, has its origin in a progressive way unlike other religions. The religion imbibed its basics far before million centuries, from the then Harappa and Indus valley civilizations. Hinduism provides a vast body of scriptures. It is impossible to define the principles and theories of Hinduism as it consists of both thesis and anti-thesis, both having the same importance. While the Dvaita (dualist theory) points out the existence of both God and human soul, the theories like Advaita (non-dualist theory) say both are same. The early Sanyasis and Gurus handled both spiritual and science theorems simultaneously. These scriptures expose a vast range of theology, philosophy, and myth providing spiritual insights along with guidance on the practice of dharma (religious living).

Among such texts, Hindus reckon the Vedas along with the Upanishads as being among the foremost in authority and antiquity. Other important scriptures include the Tantras, Puranas and the epics: the Mahabharata and the Ramayana. The Bhagavad-Gita, a deeply profound conversation excerpted from the Mahabharata, is widely seen as summarizing the spiritual teachings of the Vedas.

Brahman and Atman
According to the Advaita theologies of Hinduism, Brahman (the greater Self or God) is in the highest sense and non differentiated from the world and its beings. Brahman is also sometimes seen as synonymous with the concept of Paramatma (Supreme Spirit), whereas, Atman is deemed as one’s true ‘inner self’. Advaita philosophy declares that ultimately Brahman is beyond mere intellectual description and can be understood only through direct spiritual experience, where the 'knower' and the 'known' are subsumed into the act of 'knowing'. The goal is to "wake up" and realize that one's atman, or soul, is really identical to Brahman, the upper soul.

On the other hand, Dvaita Vedanta and related devotional schools, understand Brahman as a Supreme Being who possesses personality. In these conceptions, Brahman is associated with Vishnu, Shiva or Shakti depending on the sect. Brahman is seen as fundamentally separate from its reliant souls so, in achieving liberation, individual beings experience God as an independent being.


According to the Advaita school of philosophy, the individual self and greater Self are not fundamentally distinct. They argue that the "Self" of every individual person is identical with the greater Spirit. The Upanishads say, whoever gains insight into the depths of his own nature and becomes fully aware of the atman as the innermost core of his own Self will realize his identity with Brahman and will thereby reach Moksha. According to the Dvaita school, the atman is not identical with Brahman, which is seen as being God with personality and the atman is dependent on God. Moksha depends on the cultivation of love for God and on God's grace.

Karma, Samsara and Moksha

Karma translates literally as action, work or deed and is often described as the "moral law of cause and effect". According to the Upanishads, an individual, known as the jiva-atma, develops samskaras (impressions) from actions, whether physical or mental. This cycle of action, reaction, birth, death, and rebirth is a continuum called samsara. The notion of reincarnation and karma is a strong premise in much of Hindu thought. The Bhagavad Gita states that “As a person puts on new clothes, discarding old and torn clothes, similarly an embodied soul enters new material bodies, leaving the old bodies”. Samsara provides ephemeral pleasures, which lead people to desire rebirth to enjoy the pleasures of a perishable body. It is thought that after several reincarnations, an atman eventually seeks unity with the cosmic spirit –Brahman.

The ultimate goal of life, referred to as moksha, nirvana or samadhi, is described as the realization of one's union with God; realization of one's eternal relationship with God; realization of the unity of all existence; perfect unselfishness and knowledge of the Self; liberation from ignorance; attainment of perfect mental peace; or detachment from worldly desires. Such a realization liberates one from samsara and ends the cycle of rebirth.

Vedic Literature

While they have not been dated with much certainty, even the most conservative estimates date their origin to 1200 BC or earlier. Hindus revere the Vedas as eternal truths. There are four Vedas (called Rig, Sama- Yajus and Atharva).

The Rigveda is the first and the most important Veda. Each Veda is divided into four parts: the primary one, Samhita, contains sacred mantras in verse. The other three parts form commentaries, usually in prose, which are historically believed to be slightly later in age than the Samhita. These are: Brahmanyas, Aranyakas, and the Upanishads. The Upanishads focus on spiritual insight and philosophy whereas the Vedas focus on rituals. The Upanishads discuss Brahman and reincarnation.

The Naradeya Purana describes the mechanics of the cosmos. Ithihas include Mahabharatha and Ramayana. Bhagavad-Gita is an integral part of the epic Mahabharata and one of the most popular sacred texts of Hinduism and it is described as the essence of the Vedas.

Also widely known are the Puranas, which illustrate Vedic ideas through vivid narratives dealing with deities, and their interactions with humans. A more controversial text, the Manusmriti or "Code of Manu", is a prescriptive lawbook which instructs the society codes and defines caste-system.

Varnas and the Caste System

Hindus and scholars debate whether the caste system is an integral part of Hinduism sanctioned by the scriptures or an outdated social custom. Although the scriptures contain passages that can be interpreted to sanction the Varna system, they contain indications that the caste system is not an essential part of the religion, and both sides in the debate can find scriptural support for their views. The oldest scriptures, the Vedas, place little emphasis on the caste system, mentioning it rarely and in a cursory manner.

Hindu society has traditionally been categorized into four classes, called Varnas. It is argued that in ancient times, the Varnas were merely labels based upon occupation. The Varnas were Brahmins: teachers and priests; Kshatriyas: warriors and kings; Vaishyas: farmers, merchants, and businessmen; and Shudras: servants and labourers.

In the Vedic Era, there was no prohibition against the Shudras (which later on became the low-castes) listening to the Vedas or participating in any religious rite the case. But later caste-system become a prominent allegation from the cultural reformers, when it turned to be considering Shudras as lowest class and they denied of social justice.

Making the Right First Impression in your New Job

You’ve got a new job and you’re really looking forward to giving it your best. The next step is to direct all your energies into giving your 100% in making just the right first impression on the job. This is because the first few days on a new job are crucial and set the right tone for times to come.

Here are some simple tips that can prepare you for the new job and help you to make the right first impression –

1. Dress smartly and professionally – The way you dress and your overall appearance says a lot about you degree of professionalism. Being well groomed is definitely more appreciable than having an unkempt look.

2. Value time and be punctual – In the first few weeks on the job, everything you do is under close scrutiny. Hence, make sure to reach office on time. It is also recommended to leave only around the time when everyone else is leaving.

3. Maintain a Good Attendance – Avoid being irregular especially during the first few months on the new job. By being at work on time everyday, you will display your professional attitude and create a good first impression.


4. Become a Team Worker & be friendly & positive – Don’t wait for other to approach you and make you feel comfortable. Instead, you’re the initiative to introduce yourself to your co workers. Aim at learning their names quickly. Be positive, energetic and proactive. The sooner you show your team spirit and your ability to work as a part of a team, the better.

5. Ask Questions clear your doubts & learn – The first few weeks are important as they set the tone for the future. Hence, make the most of every opportunity that comes your way. It is okay to be inquisitive and ask questions. Show your eagerness to learn and grasp as much as you can as quickly as possible.

6. Stay away from gossip – Avoid playing any role in office politics. Every organization has its share of gossip mongers and if you are able to identify them, early on, try to steer clear of them.

7. Maintain a good rapport with your boss – Every once in a while, have a light hearted conversation with your boss and let him / her know of your progress.

Youth In Politics

Ever since the poll results of the 15th Lok Sabha are out every body is talking about the young elects of the nation. These politically young (although under 40’s) are the issue in almost in all forums, blogs, print and other media. Although this 15th LS has witnessed many changes like 79 under 40’s, more than 10% of women M.P’s (58), the youngest MP Muhammed Hamdulla Sayeed (26 Years), so on and so forth. The real scenario which is ought to be changed seems to be not changed yet. Nothing has changed. The power is vested in those hands, in which it has been for so many years. Consider the names of the persons who have been embraced by the various portfolios.

Agatha Sangma, Jyotiraditya Scindia, Sachin Pilot, R P N Singh, Jitin Prasada, Arun Yadav, Pratik Prakashbapu Patil. These names remind me of some thing. Yes, these names consist of the sir names of those who served our nation in various political cadres in the past. It seems that the family dynasty era has reentered our country. From the early 1900’s, in India, it was only the business that was run by the families and it seems now the turn came for the politics.


So nothing has changed or I didn’t see any thing new, like if it is P.A Sangma earlier it is Ms. Agatha Sangma now and Sachin pilot in the place of Rajesh Pilot. Is that a real change that is going to turn the political scenario or the pace of countries growth? These politically young scions from years are part and parcel of their family run politics in one way or the other. There may be a chance that they were accustomed to see the things from the same window, which their hierarchical heads of the family had show them. Can they come out of the vicious circles of money, political games, power, caste etc to reach the hand of the common man, to lift him from various adversities like poverty, illiteracy, basic amenities that he has been facing from the years?

The lives of many of our country’s political gurus have gone in the process of protecting their seats in politics, satisfying their whims and fancies at the cost of common man’s needs and now came the members of the same families to reinforce India. So, nothing has changed (it seems).

Wait, I for got something, it seems something has got changed. Just consider the names we have considered earlier. Agatha Sangma (Lawyer by profession and also an environmentalist) Jyotiraditya Scindia (Worked as an Investment Banker with Merrill Lynch and Morgan Stanley. MBA from Stanford), Sachin Pilot (Worked for 2 years with General Motors. Studied at Wharton Business School, Pennsylvania), R P N Singh (Graduated from St Stephen College, New Delhi), Jitin Prasada (Did his MBA from IMI, New Delhi), Arun Yadav (He is a Commerce graduate.



He enjoys cricket and badminton), Pratik Prakashbapu Patil (Diploma holder in Automobile Engineering). Yes, this is a point to be given a look. It seems that we have found a ray of hope for the uplift we have been waiting for. In the current global scenario where the neighboring countries are suffering from internal conflicts and some are piling the nuclear resources and posing a threat for India’s sovereignty and in some countries our people are being assaulted due to racial discriminations. What India needs is the proactive leadership not a reactive one which the country is experiencing hitherto. The young India is characterized by individuality, inquisitiveness and aspiration to achieve. These are the qualities that need to be adopted by the so called politically young elects of the country. May with their sound knowledge which they have gained from the premium institutes in the world and using the experiences which they have got from their families and mixing it with their intuition, these young guns can give a new face to the India by accelerating its growth pace.

Yes, there is a need for a proactive leadership rather than a reactive one and as an optimist I strongly believe that the change has begun and if not today definitely in the near future these young politicians are going to keep India in a glorified position with their educational qualifications, experience from their families and intuition.

STORY OF SATYAM

Satyam - All Is Well That Ends Well
In Q2, our revenue grew… on the back of a 4-per cent volume growth and rupee depreciation against the US dollar… We believe these factors will also enhance annual margin performance… I would like to emphasise that Satyam is leaving no stone unturned in our efforts to create a sound foundation for our future. Note to investors from B. Ramalinga Raju, Founder & Chairman, Satyam Computer Services, when declaring the company’s results for the quarter ended September 2008

The balance sheet carries as of September 30, 2008 inflated (non-existent) cash and bank balances… The gap in the balance sheet has arisen purely on account of inflated profits over a period of last several years (limited only to Satyam stand-alone…) Note from B. Ramalinga Raju to the Board of Directors of Satyam dated January 7, 2009

About Ramalinga B Raju
Byrraju Ramalinga Raju (born September 16, 1954) is the founder of Satyam Computers and was its Chairman until January 7, 2009 when he resigned from the Satyam board after admitting to corporate fraud. For a man who ran India's fourth biggest software exporter, Mr Ramalinga Raju was not a showy person.His bungalow in Hyderabad city's upscale Banjara Hills is an understated two-storey structure, with parking for no more than three or four cars.


Friends who have dealt with the 54-year-old chairman of Satyam Computer Services, say it is difficult to know what he is thinking behind a calm exterior. He goes for morning walks, but seldom appears at the swinging parties of Hyderabad's elite. Behind his back, they sometimes refer to him as 'the man with the Mona Lisa smile'. Mr Raju, a native of Andhra Pradesh state in southern India, had a comfortable head start: He studied abroad, obtaining a business management degree from Ohio State University.

On his return, he began his career with forays into construction. Satyam, was set up in 1987 with 20 employees as Raju spotted the opportunity in outsourced code-writing.


He was on the board of Naandi, a non-governmental organisation based in Hyderabad which does stellar work in providing clean drinking water in rural areas and supplying mid-day meals to more than a million schoolchildren across India. He also runs the Byrraju Foundation, named after his father, and an emergency ambulance service that has won global acclaim.

About Satyam Computer Services Ltd
"The truth is as old as the hills" opined Mahatma Gandhi, So a company named "Satyam" (Truth, in Sanskrit) inspired trust, Satyam Computer Services Ltd was founded in 1987 by B Ramalinga Raju. The company offers Information Technology (IT) services spanning various sectors, and is listed on the New York Stock Exhcnage and Euronext. Satyam's network covers 67 countries across six continents. The company employs 40000 IT professionals across development centers in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia It serves over 654 global companies, 185 of which are Fortune 500 corporations.



Satyam has strategic technology and marketing alliances with over 50 companies. Apart from Hyderabad, it has development centers in India at Bangalore, Chennai, Pune, Mumbai, Nagpur, Delhi, Kolkatta, Bhubneshwar, and Vishakhapatnam

Chronology of Satyam - Sr.No. Year Event
1 1987 Ramalinga Raju establishes Satyam Computer Services Ltd.
2 1991 Satyam gets listed on the Bombay Stock Exchange, IPO oversubscribed 17 times.
3 2006 Revenues cross '$1 billion.' Raju becomes Nasscom Chairman.
4 2007 Raju named Ernst & Young Entrepreneur of the Year.
5 2008 September 23 Satyam awarded with Golden Peacock Award for Corporate Governance and Compliance..


December 16 Satyam Chairman Ramalinga Raju announces plan to buy Maytas Infra and Maytas Properties owned by his sons for $1.6 billion.
December 17 Raju does a U-turn because of negative investor reaction
December 23 Satyam barred from business with the World Bank for 8 years for alleged malpractices in securing contracts. Shares fall to lowest in 4 years.
December 25 Satyam asks World Bank to apologize
December 26 Board member Mangalam Srinivasan resigns followed by exits of members Vinod Dham, Krishna Palepu..
December 30 One of Satyam's largest investors says it could sell its stake.More suitors join in the fray to acquire Satyam.6 2009
January 2 Satyam says its founder's stake fell by a third to 5.13%.
January 6 Satyam's i-bank DSPML meets Sebi, informs about accounting irregularitites
January 7 Ramalinga Raju resigns, discloses a Rs 7000-crore accounting fraud in balance sheets about cash which never existed in the company.
January 8 Satyam's bank Citibank freezes its 30 accounts. Interim CEO Ram Mynampati says company in severe cash crunch and may not be able to pay salaries. Satyam's auditor PwC faces ire.
January 9 Ramalinga Raju and his younger brother B Rama Raju arrested by Police. Central Govt disbands Satyam board, to appoint its own 10 directors.
January 10 Satyam's largest investor Lazard seeks a nomination board. SEBI grills Raju.
January 11 New Satyam Board announced, Mr. Deepak Parekh, Kiran Karnik and C Achuthan appointed as board members
Feburary 5 A S Murthy appointed as new CEO
April 16 Company Law Board approved stake sale to Tech Mahindra

The Satyam Scandal – Explained

Satyam, which ironically means 'truth' in Sanskrit, was set up in 1987 with 20 employees as Raju spotted the opportunity in outsourced code-writing. Within no time, business was booming. Andhra Pradesh, of which Hyderabad is the capital, has one of the largest pools of skilled manpower in India. Satyam would prove a doughty competitor to its rivals, pricing its services so aggressively that some thought it was prepared to go with minimum profits in order to gain customers. And it expanded aggressively overseas. When he opened his Sydney office a few years ago, he occupied premises vacated by a top global IT firm. In China, provincial leaders vied to invite Satyam to set up operations in their areas. But once Mr Raju sold shares to the Indian public in 1992 and later, went for a New York listing in 2001, pressure grew on him to improve the company's performance. Ever competitive, he was also in a rush to catch the market leaders, Tata Consultancy Services, Infosys Technologies and Wipro. Raju was obsessed with getting past the billion-dollar sales mark. When he got there, he wanted to post US$2 billion. Satyam posted US$2.1 billion (S$3.1 billion) sales in the year to March 31, 2008.With the ever-rising pressure to perform, Satyam began doctoring the books to show bigger profits, a process that began several years back.

For Satyam, the recent developments are a direct leftover of the past. In fact, the story is about a decade old. In late 1999, IndiaWorld — a largely unknown internet firm — was acquired by Satyam group company, Satyam Infoway, for an eye-popping Rs 500 crore. The consternation that accompanied this deal was not hard to comprehend. IndiaWorld had a topline of just Rs 1 crore and a net profit of an insignificant Rs 25 lakh. At Rs 500 crore, Satyam Infoway, later renamed Sify, was paying this astronomical sum not just for IndiaWorld but for a number of sites that came with it — among them were samachar.com, khel.com and khoj.com. The argument dished out was based on the potential of the internet business and the logic of eyeballs was driving this valuation story. One was not sure about the source of funds and how much money went back to Ramalinga Raju.



A few months later in 2000, shareholders of Satyam were an irate lot. At the annual general meeting (AGM) of the company in Hyderabad in May 2000, shareholders accused Satyam of withholding facts and claimed they were defrauded. This was after the merger of three subsidiaries — Satyam Enterprise Solutions (SESL), Satyam Renaissance Consulting and Satyam Spark Solutions — with Satyam Computer Services. Post merger, 8 lakh shares of Satyam Computers were allotted to C Srinivasa Raju, who was then Satyam Computers’ executive director.

Shareholders contended that SESL had made a rights issue of 12 lakh shares at par just before this merger. A third of this was bought by Satyam Computer while the remaining 8 lakh shares went Srinivasa Raju’s way after they were renounced. Once shareholders of SESL were given shares in Satyam Computers in a 1:1 proportion, Mr. Raju got 8 lakh shares at just Rs 10 each, when the shares were trading at a whopping Rs 1,600. The management of Satyam Computers, however, maintained that things were above board, though shareholders thought otherwise. The seeds of accounting manipulation in Satyam were sown several quarters before Ramalinga Raju’s communiqué to the board on Wednesday, 7th Jan-09. In 2002, the department of company affairs (DCA) was in receipt of a slew of complaints from Satyam’s shareholders that there were accounting irregularities in the company. Here, it was stated that Satyam’s directors invested unwisely in subsidiaries that were underperformers. This merely facilitated the process of tax evasion and employing methods such as writing off large amounts on depreciation.

At first blush, Raju’s statement to the board (Raju’s letter to the board Appended as Annexure I) in which he confesses to inflating profits appears a act of contrition by a man who was willing to stand up and face the music for his transgressions. If Raju was dressing up the bottom line, it was only to boost the company’s valuation and ensure that it stayed in the big league of IT services. A higher valuation also enabled Raju to borrow more money against his shareholding.

But Where Did the Money Go?

Raju claims that Satyam inflated profits for many years...
• By inflating cash and bank balances of Rs 5,040 crore (as against Rs 5,361 crore reflected in the books)
• Accrued interest of Rs 376 crore is non-existent
• Liability of Rs 1,230 crore is understated on account of funds arranged by "me"
• Debtors position of Rs 490 crore is overstated (as against Rs 2,651 reflected in the books)

but if this Rs 7,000-odd crore did not exist…
• How were the salaries of 53,000 employees being paid with a business that ostensibly survived on just a 3 per cent operating margin?
• Were there more employees on the bench (than revealed)?
• Was Raju inflating profits to boost Satyam's valuation, and borrowing money by pledging its shares?
...but if the money did exist...
• Did the Rajus use Satyam funds to build a land bank of over 6,000 acres via a web of unlisted companies?
• What happened to the funds raised? There was an ADR issue in 2001, via which Satyam raised Rs 753 crore and on March 31, 2002, Satyam became an almost zero-debt company with Rs 431 crore unutilised amount of ADR proceeds


The Cash Was King for Satyam

If Satyam was fudging profits, where were the funds for all-cash acquisitions coming from?

Sr.No Year Acquired Firm Profession Funding
(Amount in $)
1 Apr-05 UK based Citisoft PLC Business Consulting Firm 38Mn (Paid in tranches)
2 July-05 Singapore based Knowledge Dynamcis Consulting Solution Provider 3.3 Mn (All cash deal)
3 Oct-07 UK based Nikor Global Solutions Infrastructure based management services and consultancy group 5.5 Mn (All cash deal)
4 Jan-08 Chicago based Bridge Stratergy Group Management consulting firm 35.00 Mn (All cash deal)
5 Apr-08 Caterpiller Inc Market research and customer analytics operations 95.5 Mn for both deals (all cash purchase)
S& V Management Consultants Supply chain management frim


Satyam - All Is Well That Ends Well - Continued

26/11 – Mumbai Terror Attacks

Thoughts from tonight’s terrorist attacks in Mumbai city…

The news was shocking. But the loud explosion sounds were scary and reminded me of the afternoon from the Mumbai ‘93 blasts.
I would say, this terror strike has been the most gruesome. The modus operandi of random firings, grenade attacks and taking foreigners as hostages seem to have created more panic than location based bomb blasts.
Something to focus on – this time the terrorists have attached the most posh area of the city and kept their focus on hotels and not market places or railway trains. Keeping in mind the locations they attacked the hotels at a good time – when most people are back in their rooms.
Arnab Goswami of Times Now took a good stand of not showing the gruesome visuals of the dead terrorists and also not sharing details of the army/ats plans to attack the oberoi/trident and taj to flush out the terrorist.
Encounter Specialist Vijay Salaskar and ATS Chief Hemant Kalaskar, ACP Ashok Kamate, Additional Commissioner Ashok Kamte – We salute you to have given a brave service to the city of Mumbai.
Hats off to the TV channel reporters for getting as close to the strike locations braving the cross-firing and grenade attacks and sending in LIVE reports to the viewers.
An intensive twitter network helped share news and touch base with loved ones when typically during these times phone lines get jammed right away.
In these times of recession when businesses don’t see a great future certain business sectors like hotels & travel are going to be hit further after these terror strikes. I am sure we will hear of cancellations and poor business in the next few weeks.
And lastly, my heartfelt condolences to all those who may have lost a loved one in these attacks. Meanwhile we Mumbaikars, being the toughies we are I am sure will be back at work very soon putting these attacks once again in the history of the many other terror strikes.

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Wednesday, December 23, 2009

sachin tendulkar




Life Insurance - Makes your life more worth

Are you planning to take up a life insurance policy? Your insurance agent may put forth the nitty-gritty of a policy. But it is prudent if you spare a thought before taking up any insurance and weigh the pros and cons of it. The cheap life insurance is based on the premise that the amount paid by you will save your dependents after your demise even on the event non- payment of the full amount. Read on.The article covers What is life insurance policy?
Three important factors in life insurance
Advantages of a life insurance policy
Flip side of a life insurance policy
Life insurance is a contract between the insurer and insured. The person who insures his life is called the insured. The company which insures his life is called insurer. The insured is required to pay some amount of money in regular intervals. These payments are referred as premiums. According to the principle of life insurance a sum of assured money is paid to the insured incase the policy holder successfully makes all the payments and the policy comes to an end. On the contrary if the insured dies of an unexpected event the sum assured is paid to his dependents irrespective of full payment of the policy amount. The insurance company pays the money on death or after the policy period whichever occurs first.

There are three important factors as far as life insurance is concerned. They are as follows:
Premium
Nature of Policy
Benefits
Coverage
A person's need and income helps him to decide the amount of insurance premium. Once the person decides the premium he can select the policy that best suits him. The insured should also think about the benefits that he will receive before deciding to go for a particular policy. Life insurance covers the risks of loss due to the death of a person.
Advantages and Disadvantages of a Life Insurance Policy
The following are some of the advantages and disadvantages of a Life Insurance Policy:
A) Financial Security
Life Insurance is a powerful means to provide financial security. When the breadwinner of a family dies due to some unexpected events or for reasons like prolonged illness the life insurance policy is a boon to the family. They can make use of the funds paid by the insurance company to meet their needs without which they would have landed in a financial lurch.

Life insurance is another means for saving. Individuals and families who take up a life insurance policy have to pay premiums periodically. Therefore they will naturally be forced to allot sufficient funds for this purpose.This practice encourages thrift and also helps them to plan for some productive schemes in a similar manner.

Life Insurance Policies also help people to take care of their families in case of retirements. This can come as a great relief especially if the person who retires does not have alternative sources of income to take care of his family.

Life insurance polices are indicators of financial credibility. Therefore this factor can help individuals and institutions to borrow money and raise adequate finance as and when they are needed. Similarly it reduces the employer's burden of paying compensation to the deceased family as many companies are following group insurance policies.
B) Diverts States Resources for Other Purpose
One important responsibility of the governments in any country is to take care of the old and dependent population. Many developed countries like U.S. and Canada collect a large amount of funds from the employed citizens to meet these needs. The state also allocates few funds for this purpose. With the increasing awareness of insurance the governments can be assured of spending less for the old. Though this will not absolve their responsibility it will help to reduce the quantum of their investment. As a result they can concentrate on burning issues and problems in the society.
C) Facilitates Economic Movements
Life insurance companies collect premiums from multiple investors. They are thus able to mobilize large funds. This money is used to finance trade and development activities. Ultimately production of goods and services will flourish and the economy of the nation will be improved.
D) Helps to Avail Tax Exemptions
The policy holders are entitled to claim income tax exemptions for paying the premiums. The amount and the extent to which they are allowed depends on other factors like the persons income and if the insurer is a private player or run by the state. This provision will indirectly tempt people to invest in insurance and attain a mutual benefit of tax exemption and providing security as well.

What Are The Best Ways To Express Your Love To Your Wife?

It is quite a task for a man to express what he really feels. In fact, it becomes extremely important for couples who have been married for many years. To keep your marriage alive, you need to constantly come up with creative ideas to spice up your monotonous life.
It is quite a task for a man to express what he really feels. In fact, it becomes extremely important for couples who have been married for many years. To keep your marriage alive, you need to constantly come up with creative ideas to spice up your monotonous life. A marriage without passion is like a rose without its fragrance. Women often make great efforts to ensure that they keep their spouse happy, so it is very significant for men to try on their part too. So, what can be the varied ways by which you can make your wife feel on cloud nine? Here are a few suggestions.



· First of all as a husband you MUST know your wife’s likes and dislikes so that you don’t goof up while planning something special for her. Women like surprises.

· Most important thing that a wife wants from her husband is that he respects her for what she is.

· Never hurt her feelings. Women are sensitive.

· Do fun things together like buy a weekend movie tickets, plan a candle lit dinner or go for a surprise holiday to a destination she would love.

· Simple things in life can bring a lot of joy such as buying roses for her on your way back home, leaving a romantic note in a place where she is sure to find, buy her chocolates and cards. Show some interest in what she likes such as going for a drama or a painting exhibition or whatever it maybe.

· Don’t make her feel bad about things she likes to do. Remember she accompanies you to a soccer match even if she does not understand the game at all. It is all about trying to find a middle ground where both of you can enjoy the activities you do.

· Be her best friend. Date her like you used to before marriage. One thing all women love is shopping. Take her for a shopping spree once in a while.

· Physical gestures like a peck on her cheek, holding hands while watching television or simply cuddling before going to bed makes a wife feel really wanted. A healthy physical relationship is a very crucial part of marriage.

· Women love when their spouses help them in household chores. Talk to her patiently. Hear her fears and insecurities. Never rub her the wrong way in matters relating her family or money. Shower her with gifts. Compliment her when she looks stunning. Show her how supportive you are in her decisions. Doesn’t mean you will second her even when she is wrong but explain her with patience.



Above all you should make her feel special in all the many ways. It should come from your heart. The idea is to express your love as effortlessly as you can and not just for a day or two but forever. This will impress her undoubtedly.

The U Turn of Ajmal Kasab

Hi friends, in this resource we will discuss the shocking news that is happening in Mumbai, which astonished everyone. Ajmal Kasab the only terrorist, who was caught in the Mumbai attack, was produced the court and his statements made everyone confuse. No one believed this statement and everyone is in a shock and doesn’t know the reason behind this change of this statement from Ajmal Kasab.

26/11/2008, is a black day in the Indian history, a Mumbai was attacked by a group of Pakistani terrorists. It is believed that around Ten Terrorist entered Mumbai via sea route and their main targets were

i) Taj mahal Hotel
ii) Chatrapathi Shivaji Terminal , Railway station
iii) Nariman House
iv) Leopold
v) Trident and Oberai hotel and an Hospital

On 26/11 night Kasab and other terrorist shot randomly at the CST station and while they were riding in a kidnapped car, Kasab was caught, thanks to the brave effort by a brave constable Tukaram Ombale who lost his life to catch the terrorist. Then after three days the battle with the remaining terrorists was over and Mumbai was back to normal. So out of the ten terrorists, Kasab was the only terrorist who was caught alive and he was taken into the safety custody.
Initially Kasab admitted that he was the man who shot randomly at CST, killing hundreds of people.

But now in a surprising U turn, he said on 18th Decemeber,2009 in Mumbai Court, that he was innocent and he cane to Mumbai 20 days before the attacks and he also said that the reason or his arrival to Mumbai is to act in Hindi film Industry. Another statement says that Kasab denied the attack and he also said that he has never seen an AK 47 in his life. Kasab also said the he was arrested by the Mumbai police when he was roaming at the Juhu beach. He also denied killing the high rank police officers.

This U turn made by Kasab shocked the entire people and the actual reason for the charge of statement is unknown. But one thing is clear that Kasab is just Kasab keeps on changing his statement as he was afraid of being hanged. But earlier reports said that he never bother to die.

Whatever may be the U turn, it is evident that Kasab came from Pakistan and India has a strong proof against him. Now everything is under the hands Indian law and every people in India are worried about the delay in the case. So let us hope that the case come to an end very soon and the correct judgment is given according to the law.

India is such a powerful country and these terrorists cant split our unity. Every citizen in this country is Proud to be an Indian.





JAIHIND

This is one of best Indian teams ever: Tendulkar

Mumbai Ecstatic at India's rise to the top of the Test rankings, senior batsman Sachin Tendulkar said the current side led by Mahendra Singh Dhoni is one of the best ever to have represented the country.
After the innings and 24 runs triumph over Sri Lanka took India to the top of the ICC table, Tendulkar was asked if this was one of the best Indian teams ever, to which he replied, "Yes. Right from number 1 to 7, we have a solid batting line-up."

India beat Sri Lanka 2-0 in the three-match series today and the 36-year-old Tendulkar credited the entire coahing team, including the now sacked duo of bowling coach Venkatesh Prasad and fielding coach Robin Singh, for the tiumph.

Tendulkar said along with coach Gary Kirsten, credit goes to Prasad and Robin who were part of the support staff till October.

Save Water, Save Life!

It was a great Monday morning and as usual I was on my way to catch the office cab. Though it is less than 200 mts that I need to walk to catch the cab, I was walking at my own pace taking deep breaths of the fresh morning air and there by getting ready to face yet another new week. This little fountain caught my attention in the mean while. It was hardly 15 mts away from the 100ft ring road that connects Mysore and Hosur roads. A bit surprised to see such beautification efforts being taken by our govt agencies in the form of fountains like this… Ah let me stop the sarcasm here!

Thanks to BWSSB and PWD who repeatedly keep digging up roads and re-asphalting them again in the crappiest form. This little ‘on-road fountain’ is the result of one such goof up by our civic bodies. Upon seeing this fountain, I was happy momentarily to click this pic with my good old k750i but at the same time I was cursing the people for leaving it this way. Called up the BWSSB dept folks after reaching office and complained about this. They registered my complaint and seem to have fixed the water leakage. I am glad they acted swiftly and saved some water!

Upon seeing this initially, I had few options in hand. I could have simply ignored or possibly blame them and move on. But I chose a different path to ‘Be The Reason’ and got it fixed. May be that the government folks are lame, certainly not that bad off late. We should bear the responsibility of informing the appropriate bodies at least. I am very sure, a bit of common sense from each of us can amount to a lot of good things. Just try once, I am sure the kind of joy you feel cannot be expressed!

10 Must-know facts about Sachin Tendulkar

11. Sachin Tendulkar who is currently playing for the Mumbai Indians in IPL II was born in Mumbai (then Bombay).

12. Sachin Tendulkar was named after music director Sachin Dev Burmand.

13. Sachin Tendulkar began to play cricket at the urging of his brother.

14. Sachin Tendulkar, ambidextrous, wanted to be a fast bowler but focused on batting at the recommendation of Australian fast bowler Dennis Lillee.

15. Sachin Tendulkar was considered a child prodigy while still in high school. He never played in under 19 league, going straight to the seniors. His breakout season of 1988, he scored a century in every innings he played.

16. Saching Tendulkar sponsors 200 underprivileged children every year but will not speak about his charitable activities.

17. Sachin Tendulkar was accused of ball tampering and given a one Test match ban but had the matter overturned when the official was accused of racism. Tendulkar's ball tampering charges triggered a massive backlash from the Indian public and Indian parliament.

18. Ferrari gave Sachin Tendulkar a 360 Modena for equaling Bradman's 29 centuries in Test Cricket and laws were passed so he could bring the car into India without paying customs. Because of political and social activist protests, Ferrari finally paid the dues.

19. In Mumbai Sachin Tendulkar must "wear a wig to go out and watch a movie only at night".

20. Sachin Tendulkar is the highest earning cricketer in the world.

21. Virgin Comics is launching a series of comic books featuring Sachin Tendulkar as a superhero.




Sachin Tendulkar's Vintage Innings of 97 Against Pak

SRK: Terrorism is a religion of satan

Shahrukh Khan along with tennis sensation Sania Mirza and shooting star Abhinav Bindra expressed their anger towards terrorism, branding it as a religion of devils.

SRK said,While all civilised religions celebrate and respect life this new barbaric terror religion loves only death and unfortunately all human faiths now face a challenge.Indian civilisation does not distinguish in terms of religion. We are an impossible achievement in the world and I’m very proud to be an Indian.”

SRK further says, “No one can have two viewpoints about terrorism. There is no religion of terrorism. I am often asked my viewpoint on this, maybe because I am a Muslim and I am very proud to be a Muslim.”

“But I have read the Quran, listened to the Gita, acted in Ram Leela… and learnt Christianity besides being a Muslim… My friends and I have worked on a film on Buddha (Asoka) and my wife is a Punjabi.”

The message of the evening was “Terror has no religion. Our solidarity, courage and resoluteness are the answer to the threat of terror” and the event was hosted by Nandita Das.

How Can A Website Benefit Your Business

1. Why should you have a website? In order to succeed in today's world, you must have an Internet presence. More and more people log on to the internet everyday; there are billions of users world-wi...
Author: Vignesh Rajendran
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Popular Christmas Toys - Lionel Toy Train Sets

Lionel Toy Trains have been a popular Christmas Toy for more than 100 years. Every kid's dream is to get a toy train set for Christmas. I know that when I was young, the very idea of a toy train was enough to make me weak in the knees. In fact, toy trains still make me excited.

There is something about a toy train set that brings out the kid in all of us. When I think about a toy train set, I picture a heavy-duty, realistically detailed train engine chugging around an oval track pulling a couple of neat looking freight cars or maybe a couple old-fashioned passenger cars. The engine is smoking and there's the whistle that blows. There's no sweeter holiday dream than that!

Well, it's easy to make that holiday dream come true with Lionel Toy Trains. There are many to choose from but the most popular train set right now is the Lionel Polar Express Train Set! This is the real deal when it comes to toy train sets. Based on the beloved children's book and popular animated movie of the same name, the Lionel Polar Express Train Set is guaranteed to make any kid's eyes light up with joy.

The Lionel Polar Express Train Set - O Guage comes with a metal, die cast, steam locomotive and coal tender. This engine is heavy, just like you remember! The locomotive is also extremely detailed and is based on the Berkshire steam locomotive that is featured in both the book and movie. Plus, the engine smokes, just like a real steam train. It also has a headlamp with lens cap that lights up and has whistle that blows! How cool is that! The Lionel Polar Express Train Set also comes with two passenger cars and an observation car. The observation car has a rounded clear roof that lets you see inside and all three cars have painted silhouettes in the windows that imitate the shadows of passengers. Best of all, all three of these cars are lovingly detailed and all have interior illumination that lights them up!

The Lionel Polar Express Train Set also comes with enough track to make a 60 x 40 inch oval and is powered by a heavy duty transformer that is easily controlled by smaller hands. The transformer allows you to power this excellent toy train either backwards or forwards. Finally, there are four articulated figures of the main characters in the story. These figures are small enough to be placed anywhere inside or outside the train.

The holidays are all about dreaming and making dreams come true. This year pick up one of the most popular Christmas Toys and perhaps the best toy train on the market, the Lionel Trains Polar Express Train Set, or any of the beautifully crafted Lionel Toy Train Sets and make this a holiday season you and your loved ones will always remember.

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Tuesday, December 22, 2009


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