General


Blood bath on dalal street
As we already know, that appreciating rupee depreciates the earnings of our star companies like Infosys, TCS, wipro, Satyam etc. With Infosys earnings due on Friday the 13th, everybody is on the edge expecting Infosys to guide lower due to rising rupee. Friday the 13 is a bad number and day according Europians and also North Americans. 13 being an odd number is also a bad number according to most Indians. Will this bad omen be part of the reason for blood bath this coming friday when Infosys report their earnings?
There are several negative indicators already in the play, like rising inflation, tight monetary policy by our reserve bank, appreciating rupee etc. Already market tanked a bit when RBI raised their repo rates and CRR percentage unexpectedly. However, since then market recovered a bit, but people on the street are not convinced and are predicting that there will be a sharp pullback.
Could Infosys results be a trigger for that pullback?
Everybody is asking a bigger question. Which direction the market should go? Who and what should be the deciding factor for the market’s directionality? Most of them are just hoping that Infosys could give the market its needed direction. Down or up, only friday the 13th can tell us.
Here is what i am guessing, would happen after Infosys reports its earnings.
Competition is getting tougher and already we are seeing tightening of margins. With US slowdown and rising rupee the margin squeeze is much more stronger.
Longer term Rupee will only appreciate and Dollar has nowhere to go but depreciate. This is because of rising India and slowdown in United States. If this is any indicator than Infosys has noway but to guide lower for the year 2008 on which the market will tank.
Short term (next 6-8 months) Rupee may depericiate a bit due to RBI intervention and Infosys may guide higher based on conversion rate of RS 45 per Dollar for the year 2008. I don’t know if market will take that seriously.
Infosys and many other software firms have to come up with firm response to rising Rupee, if not, investors can safely stay away from IT companies.

Simply put Sanjaya Malakar is to American Idol what Shilpa Shetty was to Big Brother. A lucky 17 year old who found instant stardom after participating in the American Idol season 6. More known for his on & off stage charm and much less for his singing talent.

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So what’s the fuss about now, one may ask?
He is not much of a singer. But so are many others who participate in American Idol you might say.
He has funny hairdos. So what? You exclaim!
Well, he is half-Indian. Aah! Now I get it you say. J
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Here is a little snapshot on Sanjaya  

    • Sanjaya & Shyamali both auditioned for Americal Idol season 6 and both got selected for the Hollywood round. But only Sanjaya made it till Top 8.  
    • His father is a Bengali Indian while his mother is an Italian American.  
    • He has J Lo for a “fanjaya” for she said, “I like this kid. I love Sanjaya!” after hearing him sing in Spanish in rehearsal, the only one of the remaining 8 contestants to do so 
    • The real controvery started when Howard Stern, veteran radio and television personality, announced that he was launching a campaign with his listeners to vote for Malakar to win the competition.
    • Simon Cowell told Extra, an entertainment news television program, that if Sanjaya Malakar wins, he wouldn’t return as a judge to the show, even though he is contractually obligated to return

What I get to understand is – The world of entertaiment has hit on this new age formula for instant revival of dying television shows & it is quite simple – 1. Start a new season or series, 2. Get an Indian to participate (whackier the better), 3. Throw in few hundred supporters and a few thousand opposers. Sit back and watch your fortune turaround.

For now we got to wait and watch what magic Sanjaya spins for American Idol.

[Image Source: Wikipedia & Bodog Beat]

Cross Posted Here

 Here’s what happened in Mutiny this week.

Jo started off the week with the tragic news of Laurie Baker’s death. He also blogged about how Google played an April Fool prank and the ABCs of audio/music blogging
 
Nita wrote about some students who have moderate views on reservations. She is concerned that couples can no longer enjoy sunsets on sea fronts without looking over their shoulders and is worried about wild Life in India which is under grave threat
 
Swetha takes a sneak peek at Sivaji – Rajnikant’s Next Blockbuster
 
Jerry blogged prolifically about Eragon, Mid-Night Hot and The New Detectives  CPM. He rants about why the M6A1 is being deployed overseas.
 
Guru tells us about Network Computers and provided some very informative links in HowTo: Startups
 
Chacko writes about  a league for cricket and  gives his opinion on the BJP. He also shows us a very  interesting piece of Indian art in a restaurant in Smash Menu.
 
Cakerfare informs us about ATM Access in Bihar
 
Maltesh writes about Logan and opines that we should not give a reservation to folks who don’t want to stay in India
 
Gentledude writes about the ubiquitous hand pump
 
Sridhar ended the week informing us that Musharraf is deliberately letting Talibanization creep into main cities
 
 Keep coming back for more at the Mutiny !
 
 

Well, this is not a post to against all those who ask for reservation, read on..

As I tuned in to NDTV, I happened to watch this story regarding a student’s plight on SC’s stay on OBC reservation. This guy, has already appeared for the IIT JEE once, and now was seeking an admission to the IITs, and was supposed to use his OBC certificate to get in to it. Well, fine till here, but what I hear next did inspire me to raise my voice over here. He as reported, wants to work as a Computer Engineer in the US!!

May I ask why? What’s wrong with India?
Why do you want to flee to the US, when people outside India consider getting an IT job in India difficult?

I was astonished by this guy’s intentions.
Is it why you provide reservation to these communities, so that they leave our country and work for another nation and pay that nation’s taxes? In the benefit of the deserving, I support the reservations, but definitely not for these cases. Why should the nation provide subsidised education to these people who don’t want to pay back to the country?

If this is why he wants to use the reservations, then I assert, that he should be denied one.

PS: As I learnt from the rest of the story, the student (I forgot the name), had appeared the IIT JEE once before and this was his second attempt, he has now decided not to answer this time (because one gets only two chances to appear for the exam), and hopes to answer next time, with the reservations ON.
Well Friend, I would suggest that you don’t be dependent on these reservations, work hard and get into the institutions through merit; reservations are not an alternative to hard work.

For a proof, go switch on your television, and tune in to NDTV, today itself, rather now.
I didn’t find the news article on their site, I can’t say if they shall be airing the clip again.

😉 Guys !!! Take your eyes of them and tell me what brought these ‘awesome’ pics appear in a daily. Your options are (a) because they are Victoria Secret Models (b)Models from Milan Fashion Week (c) I dont care what it is, i just want to keep staring at them.

Then here is the next one …

WOW Celina Jaitly… Ohhh… What brought this photo of this bomb-shell in the papers? Options (a)Kingfisher Calender 2008 (b)She donated her clothes to the poor (c)(I see the leopard skin)She is protesting like Rakhi Sawanth against animal cruelties (d)I don’t give a damn, i just want to drool…

🙂 gotcha .. The answer is no where in the options. If u seriously burnt your brains over it, don’t blame me. Blame the reporter who put these pics in his article, blame the editor approved these contents in the paper and the least blame me for putting it here. If it was not for the pic i wouldn’t have read these articles in the first place… ( 🙂 ya thats a confession i make).

The first two models in lingerie came as the photos for an article reporting the apparent ban of FTV by the government.Now the funniest part, the second photo was for the article on Celina Jaitly’s apparent comment that “The more you dress, the more sexier you look”… 😆

Now to the real matter, FTV is banned for 2 months for beaming objectionable content programs

The official Report said : The channel has been banned for showing programmes that were against good taste and decency, denigrate women and likely to adversely effect public morality, it said.

How sad!!! Many people are going to be heart broken. What the hell. The banned a TV channel for airing such a program. Then what about this paper that have these fotos in a daily basis. This appeared in the Bangalore Times supplement of the famous Times of India news paper.The funniest thing is that Bangalore is a place where ‘Night-Life’ like pubs, discos and parties are banned after 10PM (if u call that as night life) by the police.

So the print media has the authority to print anything. If its the morale of the society that the ‘government’ is planning to protect, then this is not the way to deal things.

How many schools offer proper sex education? How many youngsters have the liberty of having an open conversation with their parents on these matters? In how many homes speaking or mentioning of sex is still a taboo? Ya they might argue that they give their kids the liberty, the freedom to have a drink with them at times. But that is what you shouldn’t encourage and teach them about much important things. At least teach them to be responsible citizens, the crime rate may come down.

So for the time being guys don’t loose heart, Mid-night Hot and Too Hot at 2 will be back after 2 months. Till then read the daily edition Bangalore Times of Times of India.

(cross posted here)

Listen to this – “US caused the Nandigram killings”, “CIA running a media-syndicate in Kerala”. Stop smiling .. its serious.. its the latest intelligence report from CPM(ya its our own communist party).

US intelligence agency sponsoring a “media syndicate” in God’s Own Country to drive wedges into the Left, and destroy the VS Achuthanandan government in the state.“If what our intelligence reports say on such activity is found serious enough, the Central Government would be informed,” VS Achuthanandan.[Indian Express Report]

What does he mean by our intelligence reports?Is it KGB? May be, but this time it could be Kerala Gosudarstvennoy Bezopasnosti and not Komitet Gosudarstvennoy Bezopasnosti. Stop blaming and try to so something useful for the Nation. Let the Intelligence work be done by RAW. We didnt elect you to do make baseless comments like this.

VS also added that he would “neither deny nor confirm”

Well watch out they might even come out with the news that MI6 cause India’s exit from the Wordcup so that England has a chance.

The Reports – Economic Times News – CPM blames US for Nandigram(you would require an IndiaTimes ID to view the news)

Indian Express News – God’s Own Country fights ‘CIA demon’

(cross posted here)

I’m not that well into reading novels. But that doesnt mean that i havent read any novels. Thanks to the (in)famous Hosur Road for igniting the reading talent in me. Though i have read only a handful of novels, this novel is worth commenting and appreciating.

Its simply – WOW !!!

Christopher Paolini’s Eragon(ISBN 0-375-82668-8) and Saphira are the new heros of the block. Scintillating and magical, i have never been glued to a book for so long that i finished it in record time. Its 4 weeks and that is a personal best for me ;) . Even my friends were amazed that i finished the novel so fast, not to mention i’m still stuck up at the 200th page of Bourne Identity for the past say 5 months. That novel is going no where.

Paolini has already come out with the 2nd book of the ‘Inheritance Trilogy‘(as it is called) Eldest(ISBN 0-375-82670-X) and its already a runaway success.

Its a must have book in your shelf if u loved Lord of the Rings by J. R. R. Tolkein.

I happened to see the movie Eragon(The Movie), but i would suggest not to go for it. Its no way near even the tail piece of the novel. Though Saphira has been elegantly portrayed in the movie. That gave me a better picture of her.

So just read the novel, enjoy and Let your Swords Stay Sharp.

Atra esterní ono thelduin (May good fortune rule over you)

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