Saturday, December 16, 2006

order in chaos.....

yesterday was the first day of the lateral placement week..............
one of the most important days for any management institute.

it was like poetry in motion..........
it was like the white geese who fly in the formations u see in the sky......

very systematic in terms of planning , coordination , directing and controlling
attention to detail
team work
no goof ups
cross check at every point
almost perfect synchronisation
use of technology
customer service-(in terms of treatment to the recruiters)


i hear 52 students got placed yesterday with companies of the likes of icici bank, covansys,eclerx,pulsar knowledge solutions , hsbc , infosys and some other companies.....

congrats to the placement committee for putting up a good show ........
i am sure it will continue for the executive placement week as well.......
for people who are not placed........ chill!!!!
u r in safe hands..............

good example of positioning/strategy .............

today morning i was going from home to college at around 11am....

on the way i notice an rto officer checking two wheelers and fining them for helmets.

BANG 100 metres theres a man selling helmets on the road.......

just a coincidence or perfect positioning?????????? ......


a little ahead u have another policemen checking cars for puc.....
bang 200 meters away u have the mobile puc van.............


who needs an mba to learn strategy??????????????

Tuesday, December 12, 2006

interesting corporate lessons !!!!

CORPORATE LESSON # 1
A man is getting into the shower just as his wife is finishing up
her shower & the doorbell rings. After a few seconds of arguing over
who should go and answer the doorbell, the wife gives up, quickly
wraps herself up in a towel and runs downstairs.
When she opens the door, there stands Bob, the next door neighbor.
Before she says a word, Bob says, "I'll give you $ 800 just to drop
that towel that you have on". After thinking for a moment, the woman
drops her towel and stands naked in front of Bob. Bob has a close look
at her for a few seconds, hands over $800 and quietly leaves.
Confused, but excited about her good fortune, the woman wraps
back up in the towel and goes upstairs.
When she gets back to the bathroom, her husband asks from the shower
"Who was that?" "It was Bob the next door neighbor," she replies.
"Great,"
the husband says, "did he say anything about the $! 800 he owes me?"
MORAL OF THE STORY: Share critical credit information with your
stakeholders to prevent avoidable exposure!

CORPORATE LESSON # 2
A priest was driving along and saw a nun on the side of the road,
he stopped and offered her a lift which she gladly accepted. She got
in and crossed her legs,> forcing her gown to open and reveal a lovely
leg. The priest had a look and nearly had an accident. After
controlling the car, he stealthily slid his hand up her leg. The nun
looked at him and immediately said, "Father, remember psalm 129?" The
priest was flustered and apologized profusely. He forced himself to
remove his hand. However, he was unable to remove his eyes from her
leg.
Further on, while changing gear, he let his hand slide up her leg again.
The nun once again said, "Father, remember psalm 129?" Once again the
priest apologized.
"Sorry sister, but the mind is weak." Arriving at the convent, the
nun got out, gave him a meaningful glance and went on her way. On his
arrival at the church, the priest rushed to retrieve a bible and
looked up psalm 129. It Said, "Go forth and seek; further up, you will
find glory.">
MORAL OF THE STORY: Always be well informed in your job; or, you might
miss great opportunities!

CORPORATE LESSON # 3
There were these 4 guys, a Russian, a German, an American and a
French, who found this small genie bottle. When they rubbed the
bottle, a genie appears.
Thankful that the 4 guys had released him out of the bottle, he said,
"Next to you! all are 4 swimming pools, I will give each of you a
wish. When you run
towards the pool and jump, you shout What you want the pool of water
to become, then your wish will come true."
The French wanted to start. He ran towards the pool, jumped and shouted WINE".
The pool immediately changed into a pool of wine. The Frenchman was
so happy swimming and drinking from the pool. Next is the Russian's
turn, he did the same and shouted, "VODKA" and immersed himself into
a pool of vodka.
The German was next and he jumped and shouted, "BEER". He was so
contented with his beer pool. The last is the American. He was running
towards the pool when suddenly he steps on a banana peel. He slipped
towards the pool and shouted, "SHIT!!!!!!!.........">
MORAL OF THE STORY: Mind your language, you never know what it will
land you in.

CORPORATE LESSON #4
A junior manager, a senior manager and their boss are on their way to
a meeting. On their way through a park, they come across a wonder
lamp. They rub the lamp and a ghost appears. The ghost says,"Normally,
one is granted three wishes but as you are three, I will allow one
wish each"
So the eager senior manager shouted, I want the first wish. I want to
be in the Bahamas,on a fast boat and have no worries. "Pfufffff, and
he was gone. Now the junior manager could not keep quiet and shouted
" I want to be in Florida with beautiful girls, plenty of food and
cocktails. "Pfufffff, and he was also gone.

The boss calmly said, " I want these two idiots back in the office
after lunch ".

MORAL OF THE STORY: Never forget that whatever you do you are not away
from the notice of your boss.

Who pays for the free pizza?

Dominos/Pizza Hut/Pizza Corner/..........

Recently in The Times of India there was an article / advertisement about Pizza delivery Companies which guarantees you free pizza if they fail to deliver within the specified time (like 30 minutes). Have you ever wondered who pays for the free pizzas?? Well, the delivery boy is made to pay for the pizza. They are paid such low wages and the price of the pizza is deducted from their monthly wages which can amount to upto 60% in some months (It becomes difficult to run their family). To deliver the pizzas the delivery boys take high traffic risks as delivery becomes their priority. Their life and safety risks are neither looked into by the Pizza Shop Management nor the Pizza Delivery Boy himself. (They are more concerned to avoid the deduction from their salary).

If this type of exploitation is carried on in your city's pizza logistics we should stop availing the home delivery system, because to deliver our pizza one person may be risking his life. Is the life of an Indian citizen so cheap and of no value? In case he is late in delivering the pizza, we are enjoying the free pizza at the hard earned money of a poor delivery boy. Is it fair or right on our part to do it?
As a human, please think and if you feel that this is wrong, please spread the message and stop having pizzas delivered at home.atleast if u cant stop u can pay those delivery boys though they r late its a humble request

Wednesday, December 06, 2006

narayan murthy speaks why india cant beat the u.s.

N.R. Narayana Murthy

Ladies and gentlemen:

It is a pleasure to be here at the Lal Bahadur Shastri Institute of Management. Lal Bahadur Shastri was a man of strong values and he epitomized simple living. He was a freedom fighter and innovative administrator who contributed to nation building in full measure. It is indeed a matter of pride for me to be chosen for the Lal Bahadur Shastri Award for Public Administration and Management Sciences. I thank the jury for this honor.

When I got the invitation to speak here, I decided to speak on an important topic on which I have pondered for years - the role of Western values in contemporary Indian society. Coming from a company that is built on strong values, the topic is close to my heart. Moreover, an organization is representative of society, and some of the lessons that I have learnt are applicable in the national context. In fact, values drive progress and define quality of life in society.

The word community joins two Latin words com ("together" or "with") and unus ("one"). A community, then, is both one and many. It is a unified multitude and not a mere group of people. As it is said in the Vedas: Man can live individually, but can survive only collectively. Hence, the challenge is to form a progressive community by balancing the interests of the individual and that of the society. To meet this, we need to develop a value system where people accept modest sacrifices for the common good.

What is a value system? It is the protocol for behavior that enhances the trust, confidence and commitment of members of the community. It goes beyond the domain of legality - it is about decent and desirable behavior. Further, it includes putting the community interests ahead of your own. Thus, our collective survival and progress is predicated on sound values.

There are two pillars of the cultural value system - loyalty to family and loyalty to community. One should not be in isolation to the other, because, successful societies are those which combine both harmoniously. It is in this context that I will discuss the role of Western values in contemporary Indian society.

Some of you here might say that most of what I am going to discuss are actually Indian values in old ages, and not Western values. I live in the present, not in the bygone era. Therefore, I have seen these values practiced primarily in the West and not in India. Hence, the title of the topic.

I am happy as long as we practice these values - whether we call it Western or old Indian values. As an Indian, I am proud to be part of a culture, which has deep-rooted family values. We have tremendous loyalty to the family. For instance, parents make enormous sacrifices for their children. They support them until they can stand on their own feet. On the other side, children consider it their duty to take care of aged parents.

We believe: Mathru devo bhava - mother is God, and pithru devo bhava - father is God. Further, brothers and sisters sacrifice for each other. In fact, the eldest brother or sister is respected by all the other siblings. As for marriage, it is held to be a sacred union - husband and wife are bonded, most often, for life. In joint families, the entire family works towards the welfare of the family. There is so much love and affection in our family life.

This is the essence of Indian values and one of our key strengths. Our families act as a critical support mechanism for us. In fact, the credit to the success of Infosys goes, as much to the founders as to their families, for supporting them through the tough times. Unfortunately, our attitude towards family life is not reflected in our attitude towards community behavior. From littering the streets to corruption to breaking of contractual obligations, we are apathetic to the common good. In the West - the US, Canada, Europe, Australia, New Zealand - individuals understand that they have to be responsible towards their community.

The primary difference between the West and us is that, there, people have a much better societal orientation. They care more for the society than we do. Further, they generally sacrifice more for the society than us. Quality of life is enhanced because of this. This is where we need to learn from the West.

I will talk about some of the lessons that we, Indians, can learn from the West.

In the West, there is respect for the public good. For instance, parks free of litter, clean streets, public toilets free of graffiti - all these are instances of care for the public good. On the contrary, in India, we keep our houses clean and water our gardens everyday - but, when we go to a park, we do not think twice before littering the place.

Corruption, as we see in India, is another example of putting the interest of oneself, and at best that of one's family, above that of the society. Society is relatively corruption free in the West. For instance, it is very difficult to bribe a police officer into avoiding a speeding ticket.

This is because of the individual's responsible behavior towards the community as a whole On the contrary, in India, corruption, tax evasion, cheating and bribery have eaten into our vitals. For instance, contractors bribe officials, and construct low-quality roads and bridges. The result is that society loses in the form of substandard defence equipment and infrastructure, and low-quality recruitment, just to name a few impediments. Unfortunately, this behavior is condoned by almost everyone.

Apathy in solving community matters has held us back from making progress, which is otherwise within our reach. We see serious problems around us but do not try to solve them. We behave as if the problems do not exist or is somebody else's. On the other hand, in the West, people solve societal problems proactively. There are several examples of our apathetic attitude. For instance, all of us are aware of the problem of drought in India.

More than 40 years ago, Dr. K. L. Rao - an irrigation expert, suggested creation of a water grid connecting all the rivers in North and South India, to solve this problem. Unfortunately, nothing has been done about this. The story of power shortage in Bangalore is another instance. In 1983, it was decided to build a thermal power plant to meet Bangalore's power requirements. Unfortunately, we have still not started it. Further, the Milan subway in Bombay is in a deplorable state for the last 40 years, and no action has been taken.

To quote another example, considering the constant travel required in the software industry; five years ago, I had suggested a 240-page passport. This would eliminate frequent visits to the passport office. In fact, we are ready to pay for it. However, I am yet to hear from the Ministry of External Affairs on this.

We, Indians, would do well to remember Thomas Hunter's words: Idleness travels very slowly, and poverty soon overtakes it. What could be the reason for all this? We were ruled by foreigners for over thousand years. Thus, we have always believed that public issues belonged to some foreign ruler and that we have no role in solving them.

Moreover, we have lost the will to proactively solve our own problems. Thus, we have got used to just executing someone else's orders. Borrowing Aristotle's words: We are what we repeatedly do. Thus, having done this over the years, the decision-makers in our society are not trained for solving problems. Our decision-makers look to somebody else to take decisions. Unfortunately, there is nobody to look up to, and this is the tragedy.

Our intellectual arrogance has also not helped our society. I have traveled extensively, and in my experience, have not come across another society where people are as contemptuous of better societies as we are, with as little progress as we have achieved. Remember that arrogance breeds hypocrisy. No other society gloats so much about the past as we do, with as little current accomplishment.

Friends, this is not a new phenomenon, but at least a thousand years old. For instance, Al Barouni, the famous Arabic logician and traveler of the 10th century, who spent about 30 years in India from 997 AD to around 1027 AD, referred to this trait of Indians. According to him, during his visit, most Indian pundits considered it below their dignity even to hold arguments with him. In fact, on a few occasions when a pundit was willing to listen to hm, and found his arguments to be very sound, he invariably asked Barouni: which Indian pundit taught these smart things!

The most important attribute of a progressive society is respect for others who have accomplished more than they themselves have, and learn from them. Contrary to this, our leaders make us believe that other societies do not know anything! At the same time, everyday, in the newspapers, you will find numerous claims from our leaders that ours is the greatest nation. These people would do well to remember Thomas Carlyle's words: The greatest of faults is to be conscious of none.

If we have to progress, we have to change this attitude, listen to people who have performed better than us, learn from them and perform better than them. Infosys is a good example of such an attitude. We continue to rationalize our failures. No other society has mastered this part as well as we have. Obviously, this is an excuse to justify our incompetence, corruption, and apathy. This attitude has to change. As Sir Josiah Stamp has said: It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.

Another interesting attribute, which we Indians can learn from the West, is their accountability. Irrespective of your position, in the West, you are held accountable for what you do. However, in India, the more 'important' you are, the less answerable you are. For instance, a senior politician once declared that he 'forgot' to file his tax returns for 10 consecutive years - and he got away with it. To quote another instance, there are over 100 loss making public sector units (central) in India. Nevertheless, I have not seen action taken for bad performance against top managers in these organizations.

Dignity of labor is an integral part of the Western value system. In the West, each person is proud about his or her labor that raises honest sweat. On the other hand, in India, we tend to overlook the significance of those who are not in professional jobs. We have a mind set that reveres only supposedly intellectual work.

For instance, I have seen many engineers, fresh from college, who only want to do cutting-edge work and not work that is of relevance to business and the country. However, be it an organization or society, there are different people performing different roles. For success, all these people are required to discharge their duties. This includes everyone from the CEO to the person who serves tea - every role is important. Hence, we need a mind set that reveres everyone who puts in honest work.

Indians become intimate even without being friendly. They ask favors of strangers without any hesitation. For instance, the other day, while I was traveling from Bangalore to Mantralaya, I met a fellow traveler on the train. Hardly 5 minutes into the conversation, he requested me to speak to his MD about removing him from the bottom 10% list in his company, earmarked for disciplinary action. I was reminded of what Rudyard Kipling once said: A westerner can be friendly without being intimate while an easterner tends to be intimate without being friendly.

Yet another lesson to be learnt from the West, is about their professionalism in dealings. The common good being more important than personal equations, people do not let personal relations interfere with their professional dealings. For instance, they don't hesitate to chastise a colleague, even if he is a personal friend, for incompetent work.

In India, I have seen that we tend to view even work interactions from a personal perspective. Further, we are the most 'thin-skinned' society in the world - we see insults where none is meant. This may be because we were not free for most of the last thousand years. Further, we seem to extend this lack of professionalism to our sense of punctuality. We do not seem to respect the other person's time.

The Indian Standard Time somehow seems to be always running late. Moreover, deadlines are typically not met. How many public projects are completed on time? The disheartening aspect is that we have accepted this as the norm rather than the exception. In the West, they show professionalism by embracing meritocracy. Meritocracy by definition means that we cannot let personal prejudices affect our evaluation of an individual's performance. As we increasingly start to benchmark ourselves with global standards, we have to embrace meritocracy.

In the West, right from a very young age, parents teach their children to be independent in thinking. Thus, they grow up to be strong, confident individuals. In India, we still suffer from feudal thinking. I have seen people, who are otherwise bright, refusing to show independence and preferring to be told what to do by their boss. We need to overcome this attitude if we have to succeed globally.

The Western value system teaches respect to contractual obligation. In the West, contractual obligations are seldom dishonored. This is important - enforceability of legal rights and contracts is the most important factor in the enhancement of credibility of our people and nation.

In India, we consider our marriage vows as sacred. We are willing to sacrifice in order to respect our marriage vows. However, we do not extend this to the public domain. For instance, India had an unfavorable contract with Enron. Instead of punishing the people responsible for negotiating this, we reneged on the contract - this was much before we came to know about the illegal activities at Enron.

To quote another instance, I had given recommendations to several students for the national scholarship for higher studies in US universities. Most of them did not return to India even though contractually they were obliged to spend five years after their degree in India.

In fact, according to a professor at a reputed US university, the maximum default rate for student loans is among Indians - all of these students pass out in flying colors and land lucrative jobs, yet they refuse to pay back their loans. Thus, their action has made it difficult for the students after them, from India, to obtain loans. We have to change this attitude.

Further, we Indians do not display intellectual honesty. For example, our political leaders use mobile phones to tell journalists on the other side that they do not believe in technology! If we want our youngsters to progress, such hypocrisy must be stopped. We are all aware of our rights as citizens. Nevertheless, we often fail to acknowledge the duty that accompanies every right. To borrow Dwight Eisenhower's words: People that values its privileges above its principles soon loses both. Our duty is towards the community as a whole, as much as it is towards our families.

We have to remember that fundamental social problems grow out of a lack of commitment to the common good. To quote Henry Beecher: Culture is that which helps us to work for the betterment of all. Hence, friends, I do believe that we can make our society even better by assimilating these Western values into our own culture - we will be stronger for it.

Most of our behavior comes from greed, lack of self-confidence, lack of confidence in the nation, and lack of respect for the society. To borrow Gandhi's words: There is enough in this world for everyone's need, but not enough for everyone's greed. Let us work towards a society where we would do unto others what we would have others do unto us. Let us all be responsible citizens who make our country a great place to live. In the words of Churchill: Responsibility is the price of greatness. We have to extend our family values beyond the boundaries of our home.

Finally, let us work towards maximum welfare of the maximum people - Samasta janaanaam sukhino bhavantu. Thus, let us - people of this generation, conduct ourselves as great citizens rather than just good people so that we can serve as good examples for our younger generation. - Speaker : N R Narayana Murthy

Saturday, December 02, 2006

WASTE OF MONEY !!!!!

i was watching cnbc tv18 a few days back during the market hours.

theres an ad of idbipaisabuilder.com in which a maverick hunter accidently reaches the office of the company and is very impressed by the operations of the company(financial brokerage services.)
all good till now.

after this advertisement, comes another ad of motilal osawal, where it is the bloody same actor who is now selling motilal oswal to you , when just a few moments back he was selling idbi paisa builder, which are both direct competitiors.

considering the fact that these companies spend millions of rupees on tv ads, it is a criminal offence on the part of the advertising companies to commit such a blunder.
i believe these advertisement companies should be penalised by the advertisers for violating the basics of advertising.(they always talk of differentiation and positioning)

it is like shahrukh khan selling both coke and pepsi, or rahul dravid selling bank of baroda and icici bank, (albeit at a lower level)

imagine spending(read wasting) a sizeable amount of money to create confusion on the minds of the prospective customer.

i think this obdervation should be forwarded to people in the respective companies,so if any of you have any contacts out there, request you to do the needful.

Tuesday, November 28, 2006

amazing cure for dengue fever !!!!

I would like to share this interesting discovery from an alumni's classmate's son who has just recovered from dengue fever. Apparently, his son was in the critical stage at the SJMC ICU when his pallet counts drops to 15 after 15 litres of blood transfusion. His father was so worried that he seeks another friend's recommendation and his son was saved. He confessed to me that he give his son raw juice of the papaya leaves. >From a pallet count of 45 after 20 litres of blood transfusion, and after drinking the raw papaya leaf juice, his pallet count jumps instantly to 135. Even the doctors and nurses were surprised. After the second day he was discharged. So he ask me to pass this good news around.
Accordingly it is raw papaya leaves, 2 pcs just cleaned and pound and squeeze with filter cloth. You will only get one tablespoon per leaf. So two tablespoon per serving once a day. Do not boil or cook or rinse with hot water, it will loose its strength. Only the leafy part and no stem or sap. It is very bitter and you have to swallow it like Won Low Kat. But it works.
Papaya Juice - Cure for Dengue
You may have heard this elsewhere but if not I am glad to inform you that papaya juice is a natural cure for dengue fever. As dengue fever is rampant now, I think it's good to share this with all. A friend of mine had dengue last year. It was a very serious situation for her as her platelet count had dropped to 28,000 after 3 days in hospital and water has started to fill up her lung. She had difficulty in breathing. She was only 32-year old. Doctor says there's no cure for dengue. We just have to wait for her body immune system to build up resistance against dengue and fight its own battle. She already had 2 blood transfusion and all of us were praying very hard as her platelet continued to drop since the first day she was admitted.
Fortunately her mother-in-law heard that papaya juice would help to reduce the fever and got some papaya leaves, pounded them and squeeze the juice out for her. The next day, her platelet count started to increase, her fever subside. We continued to feed her with papaya juice and she recovered after 3 days!!! Amazing but it's true. It's believed one's body would be overheated when one is down with dengue and that also caused the patient to have fever. Papaya juice has cooling effect. Thus, it helps to reduce the heatiness in one's body, thus the fever will go away. I found that it's also good when one is having sore throat or suffering from heatiness.

Thursday, November 23, 2006

MMS FINANCE MAKES SIMSR PROUD !!!!!

It gives me great pleasure to say that four dynamic students of SIMSR "MMS" FINANCE SPECIALISATION won the first prize at a national level competition on commodities trading organised by ILFS .beating students from top management colleges, including the iims.(and by what a margin!!!!!!!)

the team consisted of
  1. kunal mehta
  2. dhaval dama
  3. hemal marfatia
  4. jatin bhangde
they won a mammoth cash prize of rs. 100000/-
an article has come on the same in the economic times on 21st october.
click on the link to read the article.
really makes me proud to be a simsrite!!!!

Please click on the following link to read the item:

http://epaper.timesofindia.com/Repository/ml.asp?Ref=RVRELzIwMDYvMTEvMjEjQXIwMDcwMQ==&Mode=HTML&Locale=english-skin-custom
Comment: cheers!!

For AOL users: http://epaper.timesofindia.com/Repository/ml.asp?Ref=RVRELzIwMDYvMTEvMjEjQXIwMDcwMQ==&Mode=HTML&Locale=english-skin-custom "> http://epaper.timesofindia.com/Repository/ml.asp?Ref=RVRELzIwMDYvMTEvMjEjQXIwMDcwMQ==&Mode=HTML&Locale=english-skin-custom

Saturday, November 18, 2006

4 WIVES - A GOOD LEARNING

Once upon a time there was a rich King who had four wives.He loved the 4th wife the most and adorned her with rich robesand treated her to the finest of delicacies. He gave her nothing but the best.He also loved the 3rd wife very much and was always showingher off to neighboring kingdoms. However, hefeared that one day she would leave him for another. He also loved his 2nd wife. She was his confi dant and wasalways kind, considerate and patient with him.Whenever the King faced a problem, he could confide in her,and she would help him get through the difficult times.The King's 1st wife was a very loyal partner and had madegreat contributions in maintaining his wealth andkingdom. However, he did not love the first wife. Although she loved him deeply, he hardly took noticeof her!One day, the King fell ill and he knew his time was short. Hethought of his luxurious life and wondered,I now have four wives with me, but when I die, I'll be all alone."Thus, he asked the 4th wife , "I loved you the most, endowedyou with the finest clothing and showeredgreat care over you. Now that I'm dying, will! You follow me and keep me company?""No way!", replied the 4th wife, and she walked away withoutanother word.Her answer cut like a sharp knife right into his heart. The sad King then asked the 3rd wife, "I loved you all mylife. Now that I'm dying, will you follow me nandkeep me company?""No!", replied the 3rd wife. "Life nis too good! When you die, I'm going to nremarry!"His heart sank and turned ncold.He then asked the 2nd wife, "I have always turned nto you forhelp and you've always been there for me. nWhen I die, will you follow me and keep me ncompany?""I'm sorry, I can't help you out this time!", nreplied the 2ndwife. "At the very most, I can only walk with nyou to your grave." Her answer struck him like a bolt noflightning, and the King was ndevastated.Then a voice called out: "I'll go with you. nI'll follow you nomatter where you go." The nKing looked up, and there was his first wife. She was veryskinny as nshe suffered from malnutrition and neglect.Greatly grieved, the King nsaid, "I should have taken much better care of you when I had the nchance!"In truth, we all have the 4 wives in our nlives:Our 4th wife is our body. No matter how much time nand effortwe lavish in making it look good, nit will leave us when we die.Our n3rd wife is our possessions, status and wealth.When we die, it will nall go to others.Our 2nd wife is our family and friends. nNo matter how much they have been there for us, the furthest ntheycan stay by us is up to the grave.And nour 1st wife is our Soul. Often neglected in pursuit ofwealth, power nand pleasures of the world. However, our Soul is the only thing that nwill follow us wherever we go.Cultivate, nstrengthen and cherish it now, for it is the only",1]);--life. Now that I'm dying, will you follow me andkeep me company?""No!", replied the 3rd wife. "Life is too good! When you die, I'm going to remarry!"His heart sank and turned cold.He then asked the 2nd wife, "I have always turned to you forhelp and you've always been there for me. When I die, will you follow me and keep me company?""I'm sorry, I can't help you out this time!", replied the 2ndwife. "At the very most, I can only walk with you to your grave." Her answer struck him like a bolt oflightning, and the King was devastated.Then a voice called out: "I'll go with you. I'll follow you nomatter where you go." The King looked up, and there was his first wife. She was veryskinny as she suffered from malnutrition and neglect.Greatly grieved, the King said, "I should have taken much better care of you when I had the chance!"In truth, we all have the 4 wives in our lives:Our 4th wife is our body. No matter how much time and effortwe lavish in making it look good, it will leave us when we die.Our 3rd wife is our possessions, status and wealth.When we die, it will all go to others.Our 2nd wife is our family and friends. No matter how much they have been there for us, the furthest theycan stay by us is up to the grave.And our 1st wife is our Soul. Often neglected in pursuit ofwealth, power and pleasures of the world. However, our Soul is the only thing that will follow us wherever we go.Cultivate, strengthen and cherish it now, for it is the onlypart of us that nwill follow us to the throne of God and continue with us throughout Eternity.Thought for the day:Remember, when nthe world pushes you to your knees,you're in the perfect position to npray.Pass this on to someone you care about - I just ndid.Being happy doesn't mean everything's perfect.It means you've ndecided to see beyond the imperfections!

Monday, November 13, 2006

MOST PATHETIC CELLULAR SERVICE PROVIDER

its 16th and there is still no response...............
i have lodged a complaint at 1502 five days back,and no response
they do not pick up any of their helpline numbers .(six numbers in all)
they dont have any office in mumbai except bandra kurla where the grievance can be addressed.
most disgusting experience i have ever had.



Respected sir/madam,
my phone 22919454 has still not been activated.
I feel really cheated.

Now , in addition to reactivating my number immediately,
you will have to do 2 things:

1)written apology in any form,
letter
mail
sms on 93222 72946

2)I should not be charged rental for the period the phone was disconnected,
since thursday morning till lthe time my phone will be reconnected .
for example if it gets reconnected today, four days(friday saturday,sunday,monday) rent to be calculated as folllows:

(750+ SERVICE TAX+ CESS)/ 30*4= (750 + 91.8)/7.5=RS.112.24

I WANT THIS AMOUNT TO BE DEDUCTED FROM THIS MONTH'S BILL , FAILING WHICH I WILL TAKE THIS ISSUE TO ALL THE LEADING NEWSPAPERS, THE FIRST ONE BEING THE TIMES OF INDIA,FOLLOWED BY THE MIDDAY,

I HAVE PROOFS OF THE PAYMENTS I HAVE MADE TILL THE DUE DATE, I WILL HAVE NO HESITATION IN FURNISHING THE PROOFS TO ANY AUTHORITY, EITHER IN YOU ORGANISATION OR ANY OTHER. BUT ONE THING IS SURE,NOW I WILL NOT CALL YOU , YOU PEOPLE WILL .


"THANKS FOR ALL THE NON- COOPERATION AND ALL THE PATHETIC AFTER SALES SERVICE.

AS I SAID EARLIER,
ONCE A GOVERNMENT DEPARTMENT,ALWAYS A GOVERNMENT DEPARTMENT.

no wonder mtnl and bsnl is losing all its business to all the private operators
it would be beneficial for everybody if the government would just divest this business, hand it over to the private operators and concentrate on the other things.

regards,
hemanshu gala
93222 72946

Friday, November 10, 2006

Why was my phone disconnected? - letter to mtnl

i am using mtnl garuda fixed landline for 3-4months now.
the number is 022-22919454
750/- scheme

the billing cycle is very erratic.

i was told that you could pay the bill by cash at the post offices.
citing the convenience i did that(about one and a half month back) and i regret that so much now.
result is that payment is still not reflected in my account . the amount was 2893/-.
thank god i have preserved the receipt given by the post office.
otherwise you people would have taken me for a ride.

I have even made the payment for the bill after that.

you people instead of checking your accounts, have the audacity to send me reminders by sms and automated calls to pay the bill.
you call at my residence and threaten that the phone will be disconnected.
then you actually go ahead and disconnect it.(yesterday morning- 9th november , 2006)

Today morning i go to your mulund exchange to file the complaint for activating the phone at eight thirty.
there is noone at eight thirty except for a lady who takes my request.
your server is down(is it ever in working condition?) so she cannot see my account.
she sees all the receipts of the payment made , and assures me that she will handle the complaint, give me a phone call by 10.30
she take down all my details, my cell number - 93222 72946 . i was actually impressed by her response.

alas , it was too good to be true.
its 5pm now , and still no response.
once a government department , always a government department.
so much for claiiming customer service( i was a fool to even expect it).
first service the existing customers and then look for new ones.

on a personal level,
i will make sure that i sever all connections with mtnl and all partners,
you have got a "non-customer for life"


regards,

Thursday, November 09, 2006

I.c.i.c.i. account atm users - important information

ICICI ATM / Debit cards can be used at SBI ATMs to withdraw money and most shocking thing is, it does not ask for your PIN**. Even if it asks for pin and if u cancel it, it goes on to the next screen and enables you to withdraw cash. This security vulnerability was shown live on India TV news channel at SBI ATM in Hyderabad. So please take utmost care of your ICICI ATM / Debit cards to avoid any such misuse.

How to disable a STOLEN mobile phone?

To check your Mobile phone's serial number, key in the following digits on your phone: * # 0 6 # .A 15 digit code will appear on the screen. This number is unique to your handset. Write it down and keep it somewhere safe. when your phone get stolen, you can phone your service provider and give them this code. They will then be able to block your handset so even if the thief changes the SIM card, your phone will be totally useless. You probably won't get your phone back, but at least you know that whoever stole it can't use/sell it either.If everybody does this, there would be no point in people stealing mobile phones.

Hidden Battery power

Imagine your cell battery is very low, you are expecting an important call and you don't have a charger. Nokia instrument comes with a reserve battery. To activate, press the keys *3370# Your cell will restart with this reserve and the instrument will show a 50% increase in battery. This reserve will get charged when you charge your cell next time.

Have you locked your keys in the car? Does you car have remote keys?

This may come in handy someday. Good reason to own a cell phone:
If you lock your keys in the car and the spare keys are at home, call someone at home on their cell phone from your cell phone.Hold your cell phone about a foot from your car door and have the person at your home press the unlock button, holding it near the mobile phone on their end. Your car will unlock. Saves someone from having to drive your keys to you. Distance is no object. You could be hundreds of miles away, and if you can reach someone who has the other "remote" for your car, you can unlock the doors (or the trunk).

THINGS YOU NEVER KNEW YOUR CELLPHONE COULD DO

There are a few things that can be done in times of grave emergencies.
Your mobile phone can actually be a life saver or an emergency tool for
survival. Check out the things that you can do with it: -

EMERGENCY
The Emergency Number worldwide for **Mobile** is 112 .* If you find
yourself out of coverage area of your mobile network and there is an
emergency, dial 112 and the mobile will search any existing network to
establish the emergency number for you, and interestingly this number 112
can be dialed even if the keypad is locked. **Try it out.**

Tuesday, November 07, 2006

First visit to jpm chase malad office!!!!!

We were asked to report to mr.rohit at 12pm at the malad office.

We reached at 12.10 courtesy mumbai traffic.
There were nine of us.
Mr.Rohit escorted us to one of the rooms.
The ambience is nothing short of a five star hotel- looks like a scene right out of a bond movie. Dell-Dell everywhere..................
Appolonia and manpreet are used to the environment.(call center experience)

we are first given a break up of the compensation packages - personnel finance in practice.Then one by one they clear all doubts.

They explain:
The career path - h.r.m. in practice - five years to become a cfo(of a division)
The organisation structure - o.b. in practice
The scholarships awarded - monetory assistance for further education(cfa,cpa)
All perks depend on only one word..................... performance,that is it.
Bonuses are DECENT upto 30% of salary............. AGAIN ON PERFORMANCE
your chance of foreign tours depend on performance.
The induction period is two weeks.
The H.r.head Mr.Shaunak Deshmukh shares his own experiences with telco immediately after B-school.
They talk about their perceptions of different B-schools
they talk about their vision
they talk about their competition globally.

After the session, we have an informal session where they give us a treat of pizza hut's pizzas and the good old pepsi.

They have a cricket competition, where having one girl in a team is compulsory.
They agree to us start working with them from what i can call "yesterday"
It depends now on our college when they let us start work.

It's a small world:
appolonia knows the head of one division , who was earlier working with abm amro bank ..................
I know three business heads:
Mr. shailendra gupta
Mr. shashank sharma
Mr. shaunak deshmukh
,courtesy my earlier work experience

we also meet an alumni Mr.Anuj.last year pass-out.Aa very level headed guy.

I am in a state of inertia............... Thinking how to save the tax........ yash , hemal , parag........ get the message????home loan??????
Rudri and appy are very happy.so are their boy friends.
Manpreet wants to work at andheri.he doesnt want to come to college.


Guess will have a good time working out there.................

Monday, November 06, 2006

breathless....................

sir kalim khan is taking the lecture on regression and he starts talking about the
pareto principle
, which we realised is on the most poowerful laws of life,applicable universally and eternally...........

it says "twenty percent of the people in the economy account for 80% of the wealth ogf the economy at any point of time and at any place"

20% percent of the employees in a company earn 80% of the salary
20% of your efforts in the exam acount for 80% of the marks
20% OF THE STOCKS ARE RESPONSIBLE FOR 80% OF THE MOVEMENTS IN THE MARKET
20% of the students get 80% of the top placements
20% of the parts account for 80% of the product cost
20% OF DEFECTS ACCOUNT FOR 80% OF THE DEFECTS
20% OF THE FILMSTARS MAKE 80% OF THE MONEY
20% OF populations has 80% of the cars
etc etc....................

Sunday, November 05, 2006

WITH THE PLACEMENTS ON...... SOME IMPORTANT MANAGEMENT LESSONS

CORPORATE LESSON # 1
A man is getting into the shower just as his wife is finishing up her shower & the doorbell rings. After a few seconds of arguing over who should go and answer the doorbell, the wife gives up, quickly wraps herself up in a towel and runs downstairs.
When she opens the door, there stands Bob, the next door neighbor. Before she says a word, Bob says, "I'll give you $ 800 just to drop that towel that you have on". After thinking for a moment, the woman drops her towel and stands naked in front of Bob. Bob has a close look at her for a few seconds, hands over $800 and quietly leaves.Confused, but excited about her good fortune, the woman wraps back up in the towel and goes upstairs.When she gets back to the bathroom, her husband asks from the shower "Who was that?" "It was Bob the next door neighbor," she replies."Great,"the husband says, "did he say anything about the $! 800 he owes me?"

MORAL OF THE STORY: Share critical credit information with your stakeholders to prevent avoidable exposure!

CORPORATE LESSON # 2
A priest was driving along and saw a nun on the side of the road,he stopped and offered her a lift which she gladly accepted. She got in and crossed her legs,> forcing her gown to open and reveal a lovely leg. The priest had a look and nearly had an accident. After controlling the car, he stealthily slid his hand up her leg. The nun looked at him and immediately said, "Father, remember psalm 129?" The
priest was flustered and apologized profusely. He forced himself to leg.Further on, while changing gear, he let his hand slide up her leg again.The nun once again said, "Father, remember psalm 129?" Once again the priest apologized."Sorry sister, but the mind is weak." Arriving at the convent, the nun got out, gave him a meaningful glance and went on her way. On his arrival at the church, the priest rushed to retrieve a bible and looked up psalm 129. It Said, "Go forth and seek; further up, you will find glory.">

MORAL OF THE STORY: Always be well informed in your job; or, you might
miss great opportunities!


CORPORATE LESSON # 3
There were these 4 guys, a Russian, a German, an American and a French, who found this small genie bottle. When they rubbed the bottle, a genie appears.Thankful that the 4 guys had released him out of the bottle, he said,"Next to you! all are 4 swimming pools, I will give each of you a wish. When you run towards the pool and jump, you shout What you want the pool of water to become, then your wish will come true."The French wanted to start. He ran towards the pool, jumped and shouted WINE".The pool immediately changed into a pool of wine. The Frenchman was so happy swimming and drinking from the pool. Next is the Russian's turn, he did the same and shouted, "VODKA" and immersed himself into a pool of vodka.The German was next and he jumped and shouted, "BEER". He was so contented with his beer pool. The last is the American. He was running towards the pool when suddenly he steps on a banana peel. He slipped towards the pool and shouted, "SHIT!!!!!!!.........">

MORAL OF THE STORY: Mind your language, you never know what it will land you in.
CORPORATE LESSON #4
A junior manager, a senior manager and their boss are on their way to a meeting. On their way through a park, they come across a wonder lamp. They rub the lamp and a ghost appears. The ghost says,"Normally,one is granted three wishes but as you are three, I will allow one wish each"So the eager senior manager shouted, I want the first wish. I want to be in the Bahamas,on a fast boat and have no worries. "Pfufffff, and he was gone. Now the junior manager could not keep quiet and shouted " I want to be in Florida with beautiful girls, plenty of food and
cocktails. "Pfufffff, and he was also gone.The boss calmly said, " I want these two idiots back in the office after lunch ".

MORAL OF THE STORY: Never forget that whatever you do you are not away
from the notice of your boss.

SURPRISING Marketing strategy coupled with finance

there was this exchange offer videocon had come up a few days back

flat tv 21" with costing 12500/-

get 2500 BACK on your old t.v

so net cost reduces to 10000/-

get a seven year zero coupon bond worth rs.7500/-
(for the non-finance guys it means you will get 7500/- after seven years on presenting the bond to the company)

considering a present value of the bond to be 4000/- at a 10% yield
so net cost reduces to rs.6000/-(12500-2500-4000)

how is the company able to recover cost and make profit selling a 21" flat t.v. for 6000???????????

do you have an answer?????????

Saturday, November 04, 2006

coming soon !!!!!

an article on the power of the blog!!!!!!!!!

Monday, October 30, 2006

QUESTIONS ASKED DURING THE INTERVIEW

1) tell us something about yourself.

2) why finance after such a long stint in sales?

3) tell us something about the banking industry and investment banking..

4) where(sector/position) do you see yourself five years down the line?

5) what are the 5 major indicators of a country's progress?

6) what is the difference between finance at a corporate and banking finance?

7) what are the reasons for the interest rate hike by the r.b.i. in the recent months, apart from checking inflation ?

8) rbi has come out with some guidelines on interest rates for personal loans and home loans.... what are the implications of these guidelines?

9) given an annual report of a company how would you go about analysing the same ?

10)what ratios are used to ananlyse the liquidity position of a firm?

11)what is the most important part of an annual report?

Sunday, October 29, 2006

comment by shameer : B-Schools

Its the Quality of Students..Which , unfortunately no B-School in India ( including IIMA) can judge with the present selection procedure..

comment by manan - what makes or breaks a b- school

hey
wat eventually makes a b school or any such instition is THE STUDENTS AND ALUMNI.

why is jb where it is, due 2 alumni who hold top positions in the industy.

why is rizvi where it is,even with a brilliant director due to the intake.

i think though somaiya has never been a sachin or a lara in terms of excellence.we have always been a steven fleming. this bloke has been playing good solid cricket for over 12 years at the international level with only 6 ODI 100s yet no world 11 would be complete w/o him 2day.

we have consistantly given decent alumni who r doin well.the seniors were a nice batch. our batch is pretty decent.the juniors look good. i think we r on the right path. its just a matter of time before we get there.

think about it....

Saturday, October 28, 2006

What is it that makes or breaks a b-school?

The college is pretty empty nowadays.
There are a few of us who come everyday to pay obeisance to our beloved institute .
during lunch time yesterday there started a very heated debate between rahul sheth, reenav shah , hitesh acharya and yours truly , as to exactly what is it that actually makes/breaks a b-school in the long run....... and wat will be the position of SIMSR five years down the line

a) the faculty - rizvi seems to have the best of them
b) the placements - bajaj rules for mms of course....
C) the marketing and branding - which wellingkar is doing so well nowadays
d) the infrastructure - somaiya is on its way up in this regard
e) the students.( the grasping power especially)
f) the accredition - which ICFAI lacks.
g) the alumni - (could not keep it out.......)
h) the rankings by the so called business magazines


do put your views on this..............

Friday, October 27, 2006

Investing-no rocket science but Common sense

WELL,
I AM A USER OF MARUTI WAGON R FOR A YEAR NOW.
I HAD PURCHASED TO VXI MODEL FOR 420000/-
PRETTY SATISFIED WITH IT.
GIVES AN AVERAGE OF AROUND 15 KM PER LITER WITH THE A/C.
THE COST COMES TO 3.5 TO 4 PER KM .

BUT MY USE DEPENDS ON THE FUEL PRICES WHICH HAS INCREASED TO RS. 52.70 NOW.
HENCE I WANT TO CONVERT IT TO LPG., WHERE MY COST WOULD REDUCE TO RS. 1.5O TO RS.2 PER KM
THE ONLY HICCUP IS THE INITIAL COST OF RS.20000 FOR THE KIT.
IT'S MARGINAL , BUT STILL IT PINCHES THE POCKET.

NOW CONSIDER THIS.....
MARUTI COMES OUT WITH A MODEL WITH LPG AT THE SAME COST OF RS.420000/-
AS A FIRST TIME CAR OWNER GIVEN A CHOICE I WOULD ANYDAY GO FOR A WAGON R BECAUSE:

1)COST IS 420000/- LESS THAN A SANTRO BY RS.25000/- ATLEAST WITH THE SAME MODELS

2)ZERO MAINTENANCE FOR ATLEAST 3 YEARS

3)LOW COST SPARE PARTS AS COMPARED TO HYUNDAIS EXPENSIVE ONES

4)GOOD A/C

5)ELECTRONIC POWER STEERING

6)RUNNING COST 0F RS.1.5PER KM WHICH IS CLOSE TO A 150CC BIKE LIKE CHARIZMA OR ELIMINATOR (THIS IS THE BEST PART)

7)THE FOLDING SEATS(GOOD FOR THE HIGHWAY DRIVE)

8) THE AFTER SALES SERVICE NETWORK OF MARUTI IN INCOMPARABLE AS EVERYONE KNOWS.

9) EVEN THE AFTER SALES SERVCE HAS IMPROVED DRASTICALLY(GOD KNOWS WHY? BUT ITS GOOD FOR US )

CONSIDERING ALL THESE FACTORS SALES ARE BOUND TO INCREASE WHICH IS SHOWN BY THE 42% GROWTH IN MATRUTI'S FIGURES QUARTER ON QUARTER

THIS TREND IS LIKELY TO CONTINUE FOR ATLEAST THE NEXT QUARTER WHERE I EZPECT MARUTI TO CONTINUE TO DO WELL.... OTHER FACTORS REMAINING THE SAME.


SO I RECOMMEND A STRONG BUY FOR MARUTI FOR THE NEXT 3 MONTHS....

SIMPLE ECONOMICS ...... ISN'T IT??????

The review of don

Well,
I did watch the movie first day , though not the first show .

Not the movie I would recommend for even one watch

Here's why you should not watch don for:

1) shahrukh khan- he looks old now
2) script- apart from two changes,everything is stale
3) dialogues - same old ones.
4) Isha koppikar - completetly wasted in the movie
5) comedy- zero

Here's why you should watch don:

1) songs- the remixes and the new ones - choreography,music is pretty decent
2) action sequences
3) priyanka chopra
4) The cinematography
5) the fashion statements.
6) kareena kapoor