News & Media


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

You and I are watching a news channel. We see the fate of widows of farmers who committed suicide in south India. As usual we say a word or two in sympathy, gets angry about the government and the system, switch off the television and goes back to our own busy life.

But that is not what author and Hollywood musician Joseph Curiale did. When he saw the news in CNN about the poor widow Anjamma and many others like her from Andhra Pradesh, he decided to help them out with what he had in hand.

Since I had just written a book “The Spirit of Creativity,” which contains a chapter devoted to following one’s intuition, I knew I had to walk my talk… Not surprisingly, a few days later I got a royalty check of $1,600 from a music-related source that I was completely unaware of. I knew instantly that I had just received the money to pay Anjamma’s debt and have a bit left over for expenses…

He came to India and paid off the debts of Anjamma. Again he came back after collecting more funds and helped those poor widows whose husbands have committed suicide because they couldn’t pay off the debts. To the date Joe managed a total of nearly Rs 11 lakh, settling about 12 families. Plus he paid 25 others, about 5,000 each. He spent most of the money on his own and raised some money from his friends.

It is not just giving money, but Joe is also thinking about permanent solutions to solve this problem. In a Tehelka interview, he said:

My point is you have to get them on level ground before you can do anything. People say that about education… but these people are too weak and don’t even have any food. They don’t give a darn about going to school! I was helping them personally. But now I’ve got a foundation started by Indians in the US called Asha. They sent two people, one from Chennai and one from Hyderabad for my help. I’m trying to cover every aspect. Devendra Sharma with his political journalistic side is trying to bring greater awareness. I feel it’s important for people to work irrespective of the money they have. It’s important for one’s self-esteem, sense of purpose. I got to get them out of the hole, and give them hope. To be poor is one thing, but to have no hope… then one feels there’s no reason to live.

Joe puts the arm-chair activists like me to shame. I believe we cannot always expect governments and politicians to act on issues as we know how our governments and politicians are. Although it is important to keep the government and politicians responsible, we as the citizens of this country cannot just wait for them. It is time we get into the scene and put the politicians into shame.

If you care for this cause and would like to help your fellow countrymen to bring back hope in their life, please contribute generously through Joe’s website and also spread the word. This is the least we can do from wherever we are.

Saving Lives India – Joe’s project
The Hindu article
Interview in Tehelka
Musician comes to orphan’s aid – NDTV

Cross posted here

Shame

I know many don’t understand when I keep raising this issue. Why is it so important?

It’s important to me because thousands of my countrymen have died for those lines. It’s our nations boundaries. Please respect it.

I can understand if foreigners can’t accept it but what about Indians?

Look at the cover of this book, Reintegrating India with the World Economy,  by T. N. Srinivasan and Suresh D. Tendulkar.

Well done guys, give it way. I guess it’s just rocks and sand for you.

 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 !
 
 

In India’s poorest state, there’s been a new development. Workers from the Vaishali district in Bihar who earn minimal wages can now collect their money from state of the art ATMs. The workers have “debit” cards, and use them to obtain their wages from the ATM. Since most of these workers are illiterate, the new machines offer interactive touch screens with pictures and symbols to make the money withdrawal process simpler. This is a really great way to cut through the bureaucracy involved in obtaining these workers’ hard earned money. Usually they need to wait in line for hours just to withdraw the cash that they toiled to earn. However, I wonder if this will cause an increase in theft in these areas, because these machines are in a very poor part of the country. Hopefully, there are adequate safety measures in place to ensure that the ATM system is properly monitored and that it only benefits the workers instead of giving them the convenience of an ATM along the lingering possibility of theft.

Image from http://www.bbc.com

😉 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)

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