An unemployed worker applies at XXCompany for the position of a janitor. The HR chief invites him to an interview and subjects him to some tests. Then he tells him: You got the job, just give me your e-mail address so that I can send you the employment contract as well as the day and time when to start. The man is distraught and answers that he has no computer and therefore also no e-mail. The HR boss tells him that if he has no e-mail address he virtually does not exist and therefore cannot hold a job.
The man leaves in a desperate mood without knowing what to do with his last $10 in his pocket. Finally he decides to go into a supermarket and to buy a 10 lb box of strawberries. He starts out with door to door calls in order to sell those strawberries by the pound. He manages to double his capital in 2 hours. He repeats the deal 3 times more and goes home with $60 in his pocket.
He comes to see that he can survive this way. He starts every day earlier and comes home every day later. So he triples or quadruples his money every day. A short time later he buys a wheel barrow, then exchanges it later into a truck and sooner or later is the owner of a complete fleet of delivery trucks.
5 year go by…
The man is now the owner of one of the largest food chain in the USA. Now he starts thinking about the future for him and his family and decides to buy a life insurance. He calls an agent and selects a good policy. At the end of the negotiations the agents asks him for his e-mail address to send him a confirmation of the policy. The man tells him that he doesn’t have an e-mail address! That is strange, says the agent, you have no e-mail and nevertheless you built this large empire. Can you imagine where you would be if you you had an e-mail address.
The man briefly thinks and then answers: I WOULD BE A TOILET CLEANER AT XXCompany
Moral of the story:
The internet does not solve all the problems in our lives!
Thursday, December 11, 2008
Thursday, November 20, 2008
FMCG companies get IT savvy
Fast moving consumer goods (FMCG) companies are looking at 10-20 percent improvement in production and efficiency levels this year because of the adoption of newer technologies to track expansion of product portfolio and manufacturing locations, besides aggregation of godowns and shipment warehouses.
FMCG companies will spend around 10-15 percent of their net profit on technology. Companies like ITC Limited, Emami and Marico have forayed into diverse businesses in FMCG alone. This has not only led to the rapid expansion of the supply chain but has also increased complexities.
ITC’s manufacturing locations have increased rapidly to about 200 from about a dozen-owned manufacturing facilities for its different businesses. In addition to these manufacturing locations, ITC’s aggregating of godowns and shipment warehouses have grown exponentially in a couple of years.
Emami’s recent investment in IT has ensured finalisation of its balance sheet in a record 35 days against the 60-day norm.
Mohan Goenka, director, Emami, says: “We foresee an improvement of 10 percent in production and efficiency levels at Emami for financial year 2008-09. This will be achieved by implementing sales and operation planning, demand management and distribution resource planning which will enable system control to forecast sales, check inventories at locations, plan manufacturing resources and logistics to meet the customer schedules.”
Marico, on its part, is investing in better connectivity through enterprise portals; wi-fi enabled offices and in unified communications.
Marico is investing in automation of many workflows like Writeoffs, insurance claims, and media spend management portal.
According to Udayraj Prabhu, head, business applications, Marico: “We have commenced Project Edge, an initiative to improve the budgeting, planning and review systems using the TM1 tool of IBM-Cognos. This will enable us to strengthen our budgeting, planning and review processes by making them quicker, error-free and less tedious. This should lead to a significant saving in time for those involved in these activities.”
The company has also launched HR portal platforms as active channels of communication within the organisation.
ITC Ltd is building an IT infrastructure to bar code its produce at the warehouse itself, even before it reaches the retailers.
This is expected to help ITC keep track of product manufacturing time, thereby enabling implementation of first-manufactured-first-out (FMFO) strategy, which means items manufactured first are shipped out of the factory and the warehouse earlier than products manufactured later.
Among other projects, ITC will also implement this year usage of ‘push technology’ for its sales force.
VVR Babu, chief information officer, ITC Ltd, says: “Each salesman is allotted specific locations and he has to track sales and requirements of all shops and stores of a particular area. We are working on an integrated IT system which will gather and push information onto our salesmen’s laptops so that they don’t have to waste time looking up details on the company portal. For instance, if a salesman is covering 10 outlets of a region, every evening ITC’s systems will push onto his laptop the sales, distribution and requirements of that region and also the target to be met.”
FMCG companies will spend around 10-15 percent of their net profit on technology. Companies like ITC Limited, Emami and Marico have forayed into diverse businesses in FMCG alone. This has not only led to the rapid expansion of the supply chain but has also increased complexities.
ITC’s manufacturing locations have increased rapidly to about 200 from about a dozen-owned manufacturing facilities for its different businesses. In addition to these manufacturing locations, ITC’s aggregating of godowns and shipment warehouses have grown exponentially in a couple of years.
Emami’s recent investment in IT has ensured finalisation of its balance sheet in a record 35 days against the 60-day norm.
Mohan Goenka, director, Emami, says: “We foresee an improvement of 10 percent in production and efficiency levels at Emami for financial year 2008-09. This will be achieved by implementing sales and operation planning, demand management and distribution resource planning which will enable system control to forecast sales, check inventories at locations, plan manufacturing resources and logistics to meet the customer schedules.”
Marico, on its part, is investing in better connectivity through enterprise portals; wi-fi enabled offices and in unified communications.
Marico is investing in automation of many workflows like Writeoffs, insurance claims, and media spend management portal.
According to Udayraj Prabhu, head, business applications, Marico: “We have commenced Project Edge, an initiative to improve the budgeting, planning and review systems using the TM1 tool of IBM-Cognos. This will enable us to strengthen our budgeting, planning and review processes by making them quicker, error-free and less tedious. This should lead to a significant saving in time for those involved in these activities.”
The company has also launched HR portal platforms as active channels of communication within the organisation.
ITC Ltd is building an IT infrastructure to bar code its produce at the warehouse itself, even before it reaches the retailers.
This is expected to help ITC keep track of product manufacturing time, thereby enabling implementation of first-manufactured-first-out (FMFO) strategy, which means items manufactured first are shipped out of the factory and the warehouse earlier than products manufactured later.
Among other projects, ITC will also implement this year usage of ‘push technology’ for its sales force.
VVR Babu, chief information officer, ITC Ltd, says: “Each salesman is allotted specific locations and he has to track sales and requirements of all shops and stores of a particular area. We are working on an integrated IT system which will gather and push information onto our salesmen’s laptops so that they don’t have to waste time looking up details on the company portal. For instance, if a salesman is covering 10 outlets of a region, every evening ITC’s systems will push onto his laptop the sales, distribution and requirements of that region and also the target to be met.”
Monday, November 17, 2008
Build Wisely
An elderly carpenter was ready to retire. He told his employer-contractor of his plans to leave the house-building business and live a more leisurely life with his wife enjoying his extended family. He would miss the paycheck, but he needed to retire. They could get by.
The contractor was sorry to see his good worker go and asked if he could build just one more house as a personal favor. The carpenter said yes, but in time it was easy to see that his heart was not in his work. He resorted to shoddy workmanship and used inferior materials.
It was an unfortunate way to end a dedicated career. When the carpenter finished his work the employer came to inspect the house. He handed the front-door key to the carpenter. 'This is your house,' he said, 'my gift to you.' The carpenter was shocked! What a shame! If he had only known he was building his own house, he would have done it all so differently.
So it is with us. We build our lives, a day at a time, often putting less than our best into the building. Then with a shock we realize we have to live in the house we have built. If we could do it over, we'd do it much differently. But we cannot go back.
You are the carpenter. Each day you hammer a nail, place a board, or erect a wall. 'Life is a do-it-yourself project,' someone has said. Your attitudes and the choices you make today, build the 'house' you live in tomorrow.
Build wisely! Remember... Work like you don't need the money. Love like you've never been hurt. Dance like nobody is watching.
I am not sure about Pink Slips
The contractor was sorry to see his good worker go and asked if he could build just one more house as a personal favor. The carpenter said yes, but in time it was easy to see that his heart was not in his work. He resorted to shoddy workmanship and used inferior materials.
It was an unfortunate way to end a dedicated career. When the carpenter finished his work the employer came to inspect the house. He handed the front-door key to the carpenter. 'This is your house,' he said, 'my gift to you.' The carpenter was shocked! What a shame! If he had only known he was building his own house, he would have done it all so differently.
So it is with us. We build our lives, a day at a time, often putting less than our best into the building. Then with a shock we realize we have to live in the house we have built. If we could do it over, we'd do it much differently. But we cannot go back.
You are the carpenter. Each day you hammer a nail, place a board, or erect a wall. 'Life is a do-it-yourself project,' someone has said. Your attitudes and the choices you make today, build the 'house' you live in tomorrow.
Build wisely! Remember... Work like you don't need the money. Love like you've never been hurt. Dance like nobody is watching.
I am not sure about Pink Slips
Thursday, November 13, 2008
Why God Doesn't Have Voicemail
We have all learned to live with "Voice Mail" as a necessary part of life. But have you wondered, what if God decided to install voice mail?"
Imagine praying and hearing this:
Hi! Thank you for calling GOD.
Please select one of the following options:
Press 1 for Requests
Press 2 for Thanksgiving
Press 3 for Complaints
Press 4 for All Other Inquiries.
Else wait for our Customer Support Executive.
-------------------------------------------------------
What if God used the familiar excuse... "I'm sorry, all of our angels are busy helping other sinners right now. However,your prayer is important to us and will be answered in the order it as received, so please stay on the line"
------------------------------------------------------
Can you imagine getting these kinds of responses as you call God in Prayer:
If you would like to speak to:
Lord Ganesh, Press 1.
For Lord Hanuman, Press 2.
For Lord Krishna, Sorry He is on Annual Leave!
For a directory of other God's & Angels, Press 3.
If you would like to hear Naradha sing a Bhajan while you are holding, please press 4.
To find out if a loved one has been assigned To Heaven, Press 5, enter his or her PAN number, then press the 0 key. If you get a negative response, try area code 420 for(Hell).
For reservations and bookings in at "My Father's Guest House - Exclusive 7 Star Hotel " please enter Your Name , Date of Birth in mm-dd-yy format followed by 3-1-6.
For answers to nagging questions about Future of Indian Cricket, the age of the earth and where Majnu Ka Tila is, please wait until you arrive here.
-----------------------------------------
Our computers show that you have already prayed once today.
Please hang up and try again tomorrow.
----------------------------------------------
This office is closed for the weekend to observe a religious holiday.
Please pray again Monday after 9:30 AM. If you need emergency assistance when this office is closed, contact your local Priest at your neighbourhood Temple.
----------------------------------------------------
Thank God !! He doesn't have Voice Mail and He listens whenever we pray !!!!
Imagine praying and hearing this:
Hi! Thank you for calling GOD.
Please select one of the following options:
Press 1 for Requests
Press 2 for Thanksgiving
Press 3 for Complaints
Press 4 for All Other Inquiries.
Else wait for our Customer Support Executive.
-------------------------------------------------------
What if God used the familiar excuse... "I'm sorry, all of our angels are busy helping other sinners right now. However,your prayer is important to us and will be answered in the order it as received, so please stay on the line"
------------------------------------------------------
Can you imagine getting these kinds of responses as you call God in Prayer:
If you would like to speak to:
Lord Ganesh, Press 1.
For Lord Hanuman, Press 2.
For Lord Krishna, Sorry He is on Annual Leave!
For a directory of other God's & Angels, Press 3.
If you would like to hear Naradha sing a Bhajan while you are holding, please press 4.
To find out if a loved one has been assigned To Heaven, Press 5, enter his or her PAN number, then press the 0 key. If you get a negative response, try area code 420 for(Hell).
For reservations and bookings in at "My Father's Guest House - Exclusive 7 Star Hotel " please enter Your Name , Date of Birth in mm-dd-yy format followed by 3-1-6.
For answers to nagging questions about Future of Indian Cricket, the age of the earth and where Majnu Ka Tila is, please wait until you arrive here.
-----------------------------------------
Our computers show that you have already prayed once today.
Please hang up and try again tomorrow.
----------------------------------------------
This office is closed for the weekend to observe a religious holiday.
Please pray again Monday after 9:30 AM. If you need emergency assistance when this office is closed, contact your local Priest at your neighbourhood Temple.
----------------------------------------------------
Thank God !! He doesn't have Voice Mail and He listens whenever we pray !!!!
Friday, November 07, 2008
Why Planning is important?
One Night 4 college students were playing till late night and could not study for the test which was scheduled for the next day. In the morning they thought of a plan. They made themselves look as dirty with grease and dirt. They then went up to the Dean and said that they had gone out to a wedding last night and on their return the tire of their car burst and they had to push the car all the way back and that they were in no condition to appear for the test.
So the Dean said they could have the re-test after 3 days. They thanked him
and said they would be ready by that time. On the third day they appeared before the Dean. The Dean said that as this was a Special Condition Test, all four were required to sit in separate classrooms for the test. They all agreed as they had prepared well in the last 3 days.
The Test consisted of 2 questions with a total of 100 Marks.
See Below for the question Paper
Q.1. Your Name........ ......... ......... (2 MARKS)
Q.2.. which tire burst? (98 MARKS)
a) Front Left
b) Front Right
c) Back Left
d) Back Right.....!! !
True story from IIT Bombay ...Batch 1992
Moral of the Story: Be prepared to fool others, else ends up fooling yourself.
So the Dean said they could have the re-test after 3 days. They thanked him
and said they would be ready by that time. On the third day they appeared before the Dean. The Dean said that as this was a Special Condition Test, all four were required to sit in separate classrooms for the test. They all agreed as they had prepared well in the last 3 days.
The Test consisted of 2 questions with a total of 100 Marks.
See Below for the question Paper
Q.1. Your Name........ ......... ......... (2 MARKS)
Q.2.. which tire burst? (98 MARKS)
a) Front Left
b) Front Right
c) Back Left
d) Back Right.....!! !
True story from IIT Bombay ...Batch 1992
Moral of the Story: Be prepared to fool others, else ends up fooling yourself.
Wednesday, November 05, 2008
Tuesday, November 04, 2008
Support Raj Thackeray
We all should support Raj Thackeray and take his initiative ahead by doing more...
1. We should teach our kids that if he is second in class, don't study harder.. just beat up the student coming first and throw him out of the school
2. Parliament should have only Delhiites as it is located in Delhi
3. Prime-minister, president and all other leaders should only be from Delhi
4. No Hindi movie should be made in Bombay. Only Marathi.
5. At every state border, buses, trains, flights should be stopped and staff changed to local men
6. All Maharashtrians working abroad or in other states should be sent back as they are SNATCHING employment from Locals
7. Lord Shiv, Ganesha and Parvati should not be worshiped in our state as they belong to north (Himalayas)
8. Visits to Taj Mahal should be restricted to people from UP only
9. Relief for farmers in Maharashtra should not come from centre because that is the money collected as Tax from whole of India, so why should it be given to someone in Maharashtra?
10. Let's support Kashmiri Militants because they are right in killing and injuring innocent people for the benefit of their state and community..
11. Let's throw all MNCs out of Maharashtra, why should they earn from us? We will open our own Maharashtra Microsoft, MH Pepsi and MH Marutis of the world
12. Let's stop using cellphones, emails, TV, foreign Movies and dramas. James Bond should speak Marathi
13. We should be ready to die hungry or buy food at 10 times higher price but should not accept imports from other states
14. We should not allow any industry to be setup in Maharashtra because all machinery comes from outside
15. We should STOP using local trains... Trains are not manufactured by Marathi manoos and Railway Minister is a Bihari
16. Ensure that all our children are born, grow, live and die without ever stepping out of Maharashtra, then they will become true Marathi's
1. We should teach our kids that if he is second in class, don't study harder.. just beat up the student coming first and throw him out of the school
2. Parliament should have only Delhiites as it is located in Delhi
3. Prime-minister, president and all other leaders should only be from Delhi
4. No Hindi movie should be made in Bombay. Only Marathi.
5. At every state border, buses, trains, flights should be stopped and staff changed to local men
6. All Maharashtrians working abroad or in other states should be sent back as they are SNATCHING employment from Locals
7. Lord Shiv, Ganesha and Parvati should not be worshiped in our state as they belong to north (Himalayas)
8. Visits to Taj Mahal should be restricted to people from UP only
9. Relief for farmers in Maharashtra should not come from centre because that is the money collected as Tax from whole of India, so why should it be given to someone in Maharashtra?
10. Let's support Kashmiri Militants because they are right in killing and injuring innocent people for the benefit of their state and community..
11. Let's throw all MNCs out of Maharashtra, why should they earn from us? We will open our own Maharashtra Microsoft, MH Pepsi and MH Marutis of the world
12. Let's stop using cellphones, emails, TV, foreign Movies and dramas. James Bond should speak Marathi
13. We should be ready to die hungry or buy food at 10 times higher price but should not accept imports from other states
14. We should not allow any industry to be setup in Maharashtra because all machinery comes from outside
15. We should STOP using local trains... Trains are not manufactured by Marathi manoos and Railway Minister is a Bihari
16. Ensure that all our children are born, grow, live and die without ever stepping out of Maharashtra, then they will become true Marathi's
Monday, November 03, 2008
Monkey and Wall Street
The following should help in understanding the current world financial situation.
Once upon a time in a village, a man announced to the villages that he would buy monkeys for $ 10 . The villagers seeing there were many monkeys around, went out to the forest and started catching them. The man brought thousands at $ 10.00, but as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $ 20. this renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $ 25 and the supply of monkeys became so little that it was an effort to see e monkey, let alone catch it.
The man now announced that he would buy monkeys at $ 50! However, since he had to go to the city on some business, his assistant would act as buyer, on his behalf.
In the absence of the man, the assistant told the villagers: ' Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $ 35 and then when he returns from the city, you can sell them back to him for $ 50.'
The villagers squeezed together their savings and bought all the monkeys.
Then they never saw the man or his assistant again, only monkeys everywhere!.
Welcome to WALL STREET.
Once upon a time in a village, a man announced to the villages that he would buy monkeys for $ 10 . The villagers seeing there were many monkeys around, went out to the forest and started catching them. The man brought thousands at $ 10.00, but as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $ 20. this renewed the efforts of the villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer rate increased to $ 25 and the supply of monkeys became so little that it was an effort to see e monkey, let alone catch it.
The man now announced that he would buy monkeys at $ 50! However, since he had to go to the city on some business, his assistant would act as buyer, on his behalf.
In the absence of the man, the assistant told the villagers: ' Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $ 35 and then when he returns from the city, you can sell them back to him for $ 50.'
The villagers squeezed together their savings and bought all the monkeys.
Then they never saw the man or his assistant again, only monkeys everywhere!.
Welcome to WALL STREET.
Thursday, October 23, 2008
Cops: $2M credit card scam busted
A $2 million credit card fraud ring was been taken down month after a two-year investigation by the Hudson County Prosecutor's Office, U.S. Postal Inspection Service and several local police departments, officials said today.
"This was a complex, time-consuming, cooperative investigation with our federal law enforcement partner and it revealed a more extensive degree of theft than we originally imagined," said Hudson County Prosecutor Edward DeFazio.
He called the criminal enterprise "sophisticated and extremely disrupting to the victims, both businesses and private people."
The investigation culminated with early morning raids at several locations in Hudson County on Friday and charges against Mohammad Sheikh, 47, of North Bergen; Secaucus residents Afzal Sheikh, 54, and Rubina Sheikh, 44, as well as Jersey City residents Quaisar Mahmood, 47, Rafiq Malik, 56, and Rauf Farooqi, 54, officials said.
They are charged with theft by deception, identify theft, money laundering and conspiracy, officials said, adding that Afzal Sheikh, Rubina Sheikh and Mohammad Sheikh have been arrested and remain in custody on $2 million bails. The other remain at large.
Leaders of the group used multiple aliases and Social Security numbers to open credit card accounts at various banks and credit card companies, DeFazio said. The cards would then be used to make nonexistent transactions at "shell" companies created by the suspects, DeFazio said, adding that the companies had no actual sales locations or inventory.
After ringing up fictitious purchases equaling several times the limit of the cards, they would abandon the cards, leaving the unpaid balances, DeFazio said. The prosecutor said the bills would be charged to the accounts of real victims but the credit card companies and banks would wind up footing the bill.
Investigators suspect some of the money was transferred to members of the ring in Pakistan via money orders and other means.
Source:http://www.nj.com/hudson/index.ssf/2008/09/cops_2m_credit_card_scam_buste.html
"This was a complex, time-consuming, cooperative investigation with our federal law enforcement partner and it revealed a more extensive degree of theft than we originally imagined," said Hudson County Prosecutor Edward DeFazio.
He called the criminal enterprise "sophisticated and extremely disrupting to the victims, both businesses and private people."
The investigation culminated with early morning raids at several locations in Hudson County on Friday and charges against Mohammad Sheikh, 47, of North Bergen; Secaucus residents Afzal Sheikh, 54, and Rubina Sheikh, 44, as well as Jersey City residents Quaisar Mahmood, 47, Rafiq Malik, 56, and Rauf Farooqi, 54, officials said.
They are charged with theft by deception, identify theft, money laundering and conspiracy, officials said, adding that Afzal Sheikh, Rubina Sheikh and Mohammad Sheikh have been arrested and remain in custody on $2 million bails. The other remain at large.
Leaders of the group used multiple aliases and Social Security numbers to open credit card accounts at various banks and credit card companies, DeFazio said. The cards would then be used to make nonexistent transactions at "shell" companies created by the suspects, DeFazio said, adding that the companies had no actual sales locations or inventory.
After ringing up fictitious purchases equaling several times the limit of the cards, they would abandon the cards, leaving the unpaid balances, DeFazio said. The prosecutor said the bills would be charged to the accounts of real victims but the credit card companies and banks would wind up footing the bill.
Investigators suspect some of the money was transferred to members of the ring in Pakistan via money orders and other means.
Source:http://www.nj.com/hudson/index.ssf/2008/09/cops_2m_credit_card_scam_buste.html
Friday, October 10, 2008
Recession-Do's and Dont's
Recession is coming .... make your own judgment, don't panic !! Do what is wise.
The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the recession is expected to last.
Suggestions:
1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first
out'.
Stay cool, wait, and if you took all of the above actions and more, you probably will be better off than many. This is not a rumor. Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble.
India and all those self economies will be the most protected, but not gullible.
Europe may be a little stronger, but not China , another giant! : place Malaysia will see significant impact.
A friendly reminder from a friend!!!
The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the recession is expected to last.
Suggestions:
1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first
out'.
Stay cool, wait, and if you took all of the above actions and more, you probably will be better off than many. This is not a rumor. Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble.
India and all those self economies will be the most protected, but not gullible.
Europe may be a little stronger, but not China , another giant! : place Malaysia will see significant impact.
A friendly reminder from a friend!!!
Tuesday, October 07, 2008
Money for US
Marc Faber comment on US economy.
Investment analyst and entrepreneur Dr. Marc Faber concluded his monthly bulletin (June 2008) with the Following:
''The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China . If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India . If we purchase fruit and vegetables it will go to Mexico , Honduras and Guatemala . If we purchase a good car it will go to Germany . If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.'
Anyway this might be true, but the benefits goes to USA.(rather)
Investment analyst and entrepreneur Dr. Marc Faber concluded his monthly bulletin (June 2008) with the Following:
''The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China . If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India . If we purchase fruit and vegetables it will go to Mexico , Honduras and Guatemala . If we purchase a good car it will go to Germany . If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.'
Anyway this might be true, but the benefits goes to USA.(rather)
Thursday, September 25, 2008
Bankruptcy Concept!
Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.
1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.
* The net asset of the country now = 3 dollars.
3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.
*A has a loan to C of 1 dollar, so his net asset is 1 dollar.
* B sold his land and got 2 dollars, so his net asset is 2 dollars.
* C owned the piece of land worth 2 dollars but with his 1 dollar debt to A, his net residual asset is 1 dollar.
* Thus, the net asset of the country = 4 dollars.
4) A saw that the land he once owned has risen in value. He regretted having sold it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars. The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.
* B loaned 2 dollars to A. So his net asset is 2 dollars.
* C now has the 2 coins. His net asset is also 2 dollars.
* The net asset of the country = 5 dollars. A bubble is building up.
(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.
* As a result, A has got his debt cleared and he got the 2 coins. His net asset is 2 dollars.
* B owned a piece of land that is worth 4 dollars, but since he has a debt of 2 dollars with C, his net Asset is 2 dollars.
* C loaned 2 dollars to B, so his net asset is 2 dollars.
* The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.
(6) Everybody has made money and everybody felt happy and prosperous.
(7) One day an evil wind blew, and an evil thought came to C's mind. "Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more."
(8) A also thought the same way.
(9) Nobody wanted to buy land anymore.
* So, in the end, A owns the 2 dollar coins, his net asset is 2 dollars.
* B owed C 2 dollars and the land he owned which he thought worth 4 dollars is now 1 dollar. So his net asset is only 1 dollar.
* C has a loan of 2 dollars to B. But it is a bad debt. Although his net asset is still 2 dollars, his Heart is palpitating.
* The net asset of the country = 3 dollars again.
(10) So, who has stolen the 3 dollars from the country ? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper. B's net asset is still 2 dollars, his heart is palpitating.
(11) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.
* A owns the 2 coins, his net asset is 2 dollars.
* B is bankrupt, his net asset is 0 dollar. ( he lost everything )
* C got no choice but end up with a land worth only 1 dollar
* The net asset of the country = 3 dollars.
************ **End of the story; BUT ************ ********* ******
There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -
(1) When a bubble is building up, the debt of individuals to one another in a country is also building up.
(2) This story of the island is a closed system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over-damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the losers. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrains from taking part in the game, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) As in the case of land, the above phenomenon applies to stocks as well.
(9) The actual worth of land or stocks depend largely on psychology.
ForwardSourceID:NT0001570A
1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.
* The net asset of the country now = 3 dollars.
3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.
*A has a loan to C of 1 dollar, so his net asset is 1 dollar.
* B sold his land and got 2 dollars, so his net asset is 2 dollars.
* C owned the piece of land worth 2 dollars but with his 1 dollar debt to A, his net residual asset is 1 dollar.
* Thus, the net asset of the country = 4 dollars.
4) A saw that the land he once owned has risen in value. He regretted having sold it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars. The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C. As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.
* B loaned 2 dollars to A. So his net asset is 2 dollars.
* C now has the 2 coins. His net asset is also 2 dollars.
* The net asset of the country = 5 dollars. A bubble is building up.
(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.
* As a result, A has got his debt cleared and he got the 2 coins. His net asset is 2 dollars.
* B owned a piece of land that is worth 4 dollars, but since he has a debt of 2 dollars with C, his net Asset is 2 dollars.
* C loaned 2 dollars to B, so his net asset is 2 dollars.
* The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.
(6) Everybody has made money and everybody felt happy and prosperous.
(7) One day an evil wind blew, and an evil thought came to C's mind. "Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more."
(8) A also thought the same way.
(9) Nobody wanted to buy land anymore.
* So, in the end, A owns the 2 dollar coins, his net asset is 2 dollars.
* B owed C 2 dollars and the land he owned which he thought worth 4 dollars is now 1 dollar. So his net asset is only 1 dollar.
* C has a loan of 2 dollars to B. But it is a bad debt. Although his net asset is still 2 dollars, his Heart is palpitating.
* The net asset of the country = 3 dollars again.
(10) So, who has stolen the 3 dollars from the country ? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper. B's net asset is still 2 dollars, his heart is palpitating.
(11) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.
* A owns the 2 coins, his net asset is 2 dollars.
* B is bankrupt, his net asset is 0 dollar. ( he lost everything )
* C got no choice but end up with a land worth only 1 dollar
* The net asset of the country = 3 dollars.
************ **End of the story; BUT ************ ********* ******
There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.
A few points worth noting -
(1) When a bubble is building up, the debt of individuals to one another in a country is also building up.
(2) This story of the island is a closed system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island's own currency. Hence, there is no net loss.
(3) An over-damped system is assumed when the bubble burst, meaning the land's value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the losers. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrains from taking part in the game, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) As in the case of land, the above phenomenon applies to stocks as well.
(9) The actual worth of land or stocks depend largely on psychology.
ForwardSourceID:NT0001570A
Wednesday, September 03, 2008
108 Names of Lord Ganesha and the meanings
1. Akhurath: One who has mouse as his charioteer
2. Alampata : Ever eternal lord
3. Amit : Incomparable lord
4. Anantachidrupamayam: Infinite and consciousness personified
5. Avaneesh: Lord of the whole world
6. Avighna: Remover of obstacles
7. Balaganapati: Beloved and lovable child
8. Bhalchandra: Moon-crested lord
9. Bheema: Huge and Gigantic
10. Bhupati: Lord of the gods
11. Bhuvanpati: God of the gods
12. Buddhinath: God of wisdom
13. Budhipriya: Knowledge bestower
14. Bhudhividhata: God of knowledge
15. Chaturbhuj: One who has four arms
16. Devadeva: Lord of all lords
17. Devantakanashakarin: Destroyer of evils and asuras
18. Devarata: One who accepts all gods
19. Devendrashika: Protector of all gods
20. Dharmik: One who gives charity
21. Dhoomravarna: Smoke-Hued lord
22. Durja: Invincible lord
23. Dvaimatura: One who has two mothers
24. Ekaakshara: He of the single syllable
25. Ekadanta: Single-Tusked lord
26. Ekadrishta: Single-Tusked lord
27. Eshanputra: Lord Shiva's son
28. Gadadhara: One who has the mace as his weapon
29. Gajakarna: One who has eyes like an elephant
30. Gajanana: Elephant-Faced lord
31. Gajananeti: Elephant-Faced lord
32. Gajavakra: Trunk of the elephant
33. Gajavaktra: One who has mouth like an elephant
34. Ganadhakshya: Lord of all Ganas (Gods)
35. Ganadhyakshina: Leader of all the celestial bodies
36. Ganapati: Lord of all Ganas (Gods)
37. Gaurisuta: The son of Gauri (Parvati)
38. Gunina: One who is the master of all virtues
39. Haridra: One who is golden colored
40. Heramba: Mother's Beloved son
41. Kapila: Yellowish-Brown coloured
42. Kaveesha: Master of poets
43. Krti: Lord of music
44. Kripalu: Merciful lord
45. Krishapingaksha: Yellowish-Brown eyed
46. Kshamakaram: The place of forgiveness
47. Kshipra: One who is easy to appease
48. Lambakarna: Large-Eared lords
49. Lambodara: The huge bellied lord
50. Mahabala: Enormously strong lord
51. Mahaganpati: Omnipotent and supreme lord
52. Maheshwaram: Lord of the universe
53. Mangalamurti: All auspicious lord
54. Manomay: Winner of hearts
55. Mrityunjaya: Conqueror of death
56. Mundakarama: Abode of happiness 57. Muktidaya: Bestower of eternal bliss
58. Mushikvahana: One who has mouse as charioteer
59. Nadapratithishta: One who appreciates and loves music
60. Namasthetu: Vanquisher of all evils and vices and sins
61. Nandana: Lord Shiva's son
62. Nideeshwaram: Giver of wealth and treasures
63. Omkara: One who has the form of OM
64. Pitambara: One who has yellow-colored body
65. Pramoda: Lord of all abodes
66. Prathameshwara: First among all
67. Purush: The omnipotent personality
68. Rakta: One who has red-colored body
69. Rudrapriya: Beloved of lord Shiva
70. Sarvadevatman: Acceptor of all celestial offerings
71. Sarvasiddanta: Bestower of skills and wisdom
72. Sarvatman: Protector of the universe
73. Shambhavi: The son of Parvati
74. Shashivarnam: One who has a moon like complexion
75. Shoorpakarna: Large-eared Lord
76. Shuban: All auspicious lord
77. Shubhagunakanan: One who is the master of all virtues
78. Shweta: One who is as pure as the white colour
79. Siddhidhata: Bestower of success and accomplishments
80. Siddhipriya: Bestower of wishes and boons
81. Siddhivinayak: Bestower of success
82. Skandapurvaja: Elder brother of Skanda (Lord Kartik)
83. Sumukha: Auspicious face
84. Sureshwaram: Lord of all lords
85. Swaroop: Lover of beauty
86. Tarun: Ageless
87. Uddanda: Nemesis of evils and vices
88. Umaputra: The son of goddess Uma (Parvati)
89. Vakratunda: Curved trunk lord
90. Varaganapati: Bestower of boons
91. Varaprada: Granter of wishes and boons
92. Varadavinayaka: Bestower of Success
93. Veeraganapati: Heroic lord
94. Vidyavaridhi: God of wisdom
95. Vighnahara: Remover of obstacles
96. Vignaharta: Demolisher of obstacles
97. Vighnaraja: Lord of all hindrances
98. Vighnarajendra: Lord of all obstacles
99. Vighnavinashanaya: Destroyer of all obstacles and impediments
100. Vigneshwara: Lord of all obstacles
101. Vikat: Huge and gigantic
102. Vinayaka: Lord of all
103. Vishwamukha: Master of the universe
104. Vishwaraja: King of the world
105. Yagnakaya: Acceptor of all sacred and sacrificial offerings
106. Yashaskaram: Bestower of fame and fortune
107. Yashvasin: Beloved and ever popular lord
108. Yogadhipa: The lord of meditation
2. Alampata : Ever eternal lord
3. Amit : Incomparable lord
4. Anantachidrupamayam: Infinite and consciousness personified
5. Avaneesh: Lord of the whole world
6. Avighna: Remover of obstacles
7. Balaganapati: Beloved and lovable child
8. Bhalchandra: Moon-crested lord
9. Bheema: Huge and Gigantic
10. Bhupati: Lord of the gods
11. Bhuvanpati: God of the gods
12. Buddhinath: God of wisdom
13. Budhipriya: Knowledge bestower
14. Bhudhividhata: God of knowledge
15. Chaturbhuj: One who has four arms
16. Devadeva: Lord of all lords
17. Devantakanashakarin: Destroyer of evils and asuras
18. Devarata: One who accepts all gods
19. Devendrashika: Protector of all gods
20. Dharmik: One who gives charity
21. Dhoomravarna: Smoke-Hued lord
22. Durja: Invincible lord
23. Dvaimatura: One who has two mothers
24. Ekaakshara: He of the single syllable
25. Ekadanta: Single-Tusked lord
26. Ekadrishta: Single-Tusked lord
27. Eshanputra: Lord Shiva's son
28. Gadadhara: One who has the mace as his weapon
29. Gajakarna: One who has eyes like an elephant
30. Gajanana: Elephant-Faced lord
31. Gajananeti: Elephant-Faced lord
32. Gajavakra: Trunk of the elephant
33. Gajavaktra: One who has mouth like an elephant
34. Ganadhakshya: Lord of all Ganas (Gods)
35. Ganadhyakshina: Leader of all the celestial bodies
36. Ganapati: Lord of all Ganas (Gods)
37. Gaurisuta: The son of Gauri (Parvati)
38. Gunina: One who is the master of all virtues
39. Haridra: One who is golden colored
40. Heramba: Mother's Beloved son
41. Kapila: Yellowish-Brown coloured
42. Kaveesha: Master of poets
43. Krti: Lord of music
44. Kripalu: Merciful lord
45. Krishapingaksha: Yellowish-Brown eyed
46. Kshamakaram: The place of forgiveness
47. Kshipra: One who is easy to appease
48. Lambakarna: Large-Eared lords
49. Lambodara: The huge bellied lord
50. Mahabala: Enormously strong lord
51. Mahaganpati: Omnipotent and supreme lord
52. Maheshwaram: Lord of the universe
53. Mangalamurti: All auspicious lord
54. Manomay: Winner of hearts
55. Mrityunjaya: Conqueror of death
56. Mundakarama: Abode of happiness 57. Muktidaya: Bestower of eternal bliss
58. Mushikvahana: One who has mouse as charioteer
59. Nadapratithishta: One who appreciates and loves music
60. Namasthetu: Vanquisher of all evils and vices and sins
61. Nandana: Lord Shiva's son
62. Nideeshwaram: Giver of wealth and treasures
63. Omkara: One who has the form of OM
64. Pitambara: One who has yellow-colored body
65. Pramoda: Lord of all abodes
66. Prathameshwara: First among all
67. Purush: The omnipotent personality
68. Rakta: One who has red-colored body
69. Rudrapriya: Beloved of lord Shiva
70. Sarvadevatman: Acceptor of all celestial offerings
71. Sarvasiddanta: Bestower of skills and wisdom
72. Sarvatman: Protector of the universe
73. Shambhavi: The son of Parvati
74. Shashivarnam: One who has a moon like complexion
75. Shoorpakarna: Large-eared Lord
76. Shuban: All auspicious lord
77. Shubhagunakanan: One who is the master of all virtues
78. Shweta: One who is as pure as the white colour
79. Siddhidhata: Bestower of success and accomplishments
80. Siddhipriya: Bestower of wishes and boons
81. Siddhivinayak: Bestower of success
82. Skandapurvaja: Elder brother of Skanda (Lord Kartik)
83. Sumukha: Auspicious face
84. Sureshwaram: Lord of all lords
85. Swaroop: Lover of beauty
86. Tarun: Ageless
87. Uddanda: Nemesis of evils and vices
88. Umaputra: The son of goddess Uma (Parvati)
89. Vakratunda: Curved trunk lord
90. Varaganapati: Bestower of boons
91. Varaprada: Granter of wishes and boons
92. Varadavinayaka: Bestower of Success
93. Veeraganapati: Heroic lord
94. Vidyavaridhi: God of wisdom
95. Vighnahara: Remover of obstacles
96. Vignaharta: Demolisher of obstacles
97. Vighnaraja: Lord of all hindrances
98. Vighnarajendra: Lord of all obstacles
99. Vighnavinashanaya: Destroyer of all obstacles and impediments
100. Vigneshwara: Lord of all obstacles
101. Vikat: Huge and gigantic
102. Vinayaka: Lord of all
103. Vishwamukha: Master of the universe
104. Vishwaraja: King of the world
105. Yagnakaya: Acceptor of all sacred and sacrificial offerings
106. Yashaskaram: Bestower of fame and fortune
107. Yashvasin: Beloved and ever popular lord
108. Yogadhipa: The lord of meditation
Tuesday, August 19, 2008
ITC Infotech acquires Pyxis Solutions
Its been a while in the internal I used to hear from higher officials that ITC Infotech is going to acquire companies in India, esp on companies who have projects on Semi Conductor or embeded. All the roots have been looking for a niche player to engrave market. Yesterday I heard the news tha ITC Infotech acquired US-based Pyxis solutions. Congrats Infotechians to stepping one more step on the ladder.
The news here..
ITC Infotech, a global IT services company and fully owned subsidiary of ITC Limited, has acquired Pyxis Solutions, a US-based niche player offering Quality Assurance (QA) solutions and testing services.
The deal has been closed at $25 million, ITC Infotech MD Sanjiv Puri told reporters here today. "It has been an all-cash deal and funded internally", he said.
Pyxis offers a full spectrum of services in software Quality Assurance ranging from user-interface testing to QA process improvements, including QA management and consulting, quantiative analysis testing and data validation testing.
Describing it as a "strategic acquisition", Suri said, Pyxis brings on board "differentiated capabilities, domain expertise in capital markets, unique testing methodology and an impressive roster of customers" which will compliment ITC Infotech's service offering and will further strenghten its presence in US, in addition to building up capabilities.
For Pyxis, the deal would bring on board the "benefits of scalability, a robust global delivery model, strong offshore base and institutional strengths of being part of a larger group", to provide better services to our customers, he said.
The synergies between the two companies is expected to create large opportunities for cross selling by leveraging existing customer relationship of both Pyxis and ITC Infotech. and help enlarging the geographic reach of services offered and create new opportunities for diversified offerings.
Pyxis would continue to work under its founders and would be a subsidiary of ITC Infotech (USA), he said adding the deal was in line with company's vision of actively seeking synergestic partnerships around key industry verticals, solution areas and focus technologies.
Thanks : PTI
The news here..
ITC Infotech, a global IT services company and fully owned subsidiary of ITC Limited, has acquired Pyxis Solutions, a US-based niche player offering Quality Assurance (QA) solutions and testing services.
The deal has been closed at $25 million, ITC Infotech MD Sanjiv Puri told reporters here today. "It has been an all-cash deal and funded internally", he said.
Pyxis offers a full spectrum of services in software Quality Assurance ranging from user-interface testing to QA process improvements, including QA management and consulting, quantiative analysis testing and data validation testing.
Describing it as a "strategic acquisition", Suri said, Pyxis brings on board "differentiated capabilities, domain expertise in capital markets, unique testing methodology and an impressive roster of customers" which will compliment ITC Infotech's service offering and will further strenghten its presence in US, in addition to building up capabilities.
For Pyxis, the deal would bring on board the "benefits of scalability, a robust global delivery model, strong offshore base and institutional strengths of being part of a larger group", to provide better services to our customers, he said.
The synergies between the two companies is expected to create large opportunities for cross selling by leveraging existing customer relationship of both Pyxis and ITC Infotech. and help enlarging the geographic reach of services offered and create new opportunities for diversified offerings.
Pyxis would continue to work under its founders and would be a subsidiary of ITC Infotech (USA), he said adding the deal was in line with company's vision of actively seeking synergestic partnerships around key industry verticals, solution areas and focus technologies.
Thanks : PTI
Monday, August 18, 2008
15 Style Mistakes You Can Fix Now
Let's face it, we all need help sometimes. And like it or not, we're judged by how we look and how we handle ourselves in social and professional settings.
The 15 style tips below aren't meant to turn you into a metrosexual—none, for instance, will instruct you to blow $600 on a pair of shoes. These tips are for the everyday guy. They're meant to help you gain confidence when you walk into a meeting or the next cocktail party, and they'll help make your wife or girlfriend feel proud to stand next to you. You're a grown man—it's time your wardrobe grew up too.
But, remember, it's not about being trendy, it's about looking good. Just follow these tips to looking better.
1. Match your belt and shoes. If you're wearing black shoes, put on a black belt. And brown shoes demand a brown belt. A good, general rule is to never mix the color of your leathers.
2. For crying out loud, pull your pants down. You may be pushing 40, but you don't need to hike up your pants like you're ready to start walking the mall. And it's even worse if you tuck in your shirt like Napoleon Dynamite.
3. On the flip side, pull up your pants. Seeing some 19-year-old's boxer shorts is bad enough; we don't need to see your tighty whities. You should have stopped buying "baggy cut" jeans years ago.
4. Pay attention to your shoes. You could be wearing $100 jeans with a sharp-looking shirt, but you'll still embarrass your wife or girlfriend with those old loafers that should have been pitched in the 1990s. Buy quality shoes that look smart and stylish. Remember, people check out shoes. Potential employers often will look at them to judge a candidate's attention to detail. Good rule of thumb: Spend your money on shoes, not shirts and pants. Also, match your socks to your shoes (very easy) or at least make sure they are a nice "bridge" from the shoes to the pants. Save the tube socks for the gym and lounging on weekends.
5. Wear clothes that fit properly. At this age, trying to look trendy is a cry for help. And just because that fitted (another term for "your nipples are showing") medium T-shirt looks good on Jake Gyllenhaal, that doesn't mean it looks good on you.
6. A side note to No. 5; if you're short and stocky, don't wear horizontal stripes—you'll look 3 feet tall. (My wife has to remind me of this once a year).
7. Don't worry if you're a little chunky; just wear what looks good on a guy with a little heft. You can't go wrong with black. It's slimming, classy and makes you reek of confidence.
8. Put away the tank top—even at the gym. You're not 12 years old anymore, and no one wants to smell your pits.
9. If your woman's not happy, you're not happy. After getting ready to go out, if you see concern on her face when she looks you over, change your clothes. There's a 98.9 percent chance she's right.
10. Man boobs are our kryptonite, and we have to fight back. They're an immediate turnoff to women, even though most don't mind a plump guy. Attack the problem head-on: Go to the gym, and wear clothes that don't cling to your body. We have Phil Mickelson to thank for officially raising this to a national emergency. We're at Defcon 1.
11. If you wear glasses, remember they're a window into who you are. Update them at least every other year and consider style when choosing them. And don't skimp. Expensive glasses are infinitely better than those $50 specs on special at the local mall.
12. Drop the baseball hat. Yes, it was standard issue in college, but those days are gone. The only exceptions to this rule: Working in the yard, casually hanging out, or playing drums for the Red Hot Chili Peppers.
13. If you have to wear cologne, tone it down. You get points for wanting to smell good, but those points are immediately taken away when your co-workers can smell you in the break room—10 minutes after you left. Just spray a small amount into the air and walk through it. Less is more.
14. If you have a hairy chest, you cannot wear a V-neck without an undershirt. This is not 1977 and your name isn't Smokey. Or Simon Cowell, for that matter.
15. No socks with sandals. And if you do wear open-toed sandals, keep your feet groomed. Have you even looked down there since last summer? Trust us on this one.
Thanks Craig Playstead
The 15 style tips below aren't meant to turn you into a metrosexual—none, for instance, will instruct you to blow $600 on a pair of shoes. These tips are for the everyday guy. They're meant to help you gain confidence when you walk into a meeting or the next cocktail party, and they'll help make your wife or girlfriend feel proud to stand next to you. You're a grown man—it's time your wardrobe grew up too.
But, remember, it's not about being trendy, it's about looking good. Just follow these tips to looking better.
1. Match your belt and shoes. If you're wearing black shoes, put on a black belt. And brown shoes demand a brown belt. A good, general rule is to never mix the color of your leathers.
2. For crying out loud, pull your pants down. You may be pushing 40, but you don't need to hike up your pants like you're ready to start walking the mall. And it's even worse if you tuck in your shirt like Napoleon Dynamite.
3. On the flip side, pull up your pants. Seeing some 19-year-old's boxer shorts is bad enough; we don't need to see your tighty whities. You should have stopped buying "baggy cut" jeans years ago.
4. Pay attention to your shoes. You could be wearing $100 jeans with a sharp-looking shirt, but you'll still embarrass your wife or girlfriend with those old loafers that should have been pitched in the 1990s. Buy quality shoes that look smart and stylish. Remember, people check out shoes. Potential employers often will look at them to judge a candidate's attention to detail. Good rule of thumb: Spend your money on shoes, not shirts and pants. Also, match your socks to your shoes (very easy) or at least make sure they are a nice "bridge" from the shoes to the pants. Save the tube socks for the gym and lounging on weekends.
5. Wear clothes that fit properly. At this age, trying to look trendy is a cry for help. And just because that fitted (another term for "your nipples are showing") medium T-shirt looks good on Jake Gyllenhaal, that doesn't mean it looks good on you.
6. A side note to No. 5; if you're short and stocky, don't wear horizontal stripes—you'll look 3 feet tall. (My wife has to remind me of this once a year).
7. Don't worry if you're a little chunky; just wear what looks good on a guy with a little heft. You can't go wrong with black. It's slimming, classy and makes you reek of confidence.
8. Put away the tank top—even at the gym. You're not 12 years old anymore, and no one wants to smell your pits.
9. If your woman's not happy, you're not happy. After getting ready to go out, if you see concern on her face when she looks you over, change your clothes. There's a 98.9 percent chance she's right.
10. Man boobs are our kryptonite, and we have to fight back. They're an immediate turnoff to women, even though most don't mind a plump guy. Attack the problem head-on: Go to the gym, and wear clothes that don't cling to your body. We have Phil Mickelson to thank for officially raising this to a national emergency. We're at Defcon 1.
11. If you wear glasses, remember they're a window into who you are. Update them at least every other year and consider style when choosing them. And don't skimp. Expensive glasses are infinitely better than those $50 specs on special at the local mall.
12. Drop the baseball hat. Yes, it was standard issue in college, but those days are gone. The only exceptions to this rule: Working in the yard, casually hanging out, or playing drums for the Red Hot Chili Peppers.
13. If you have to wear cologne, tone it down. You get points for wanting to smell good, but those points are immediately taken away when your co-workers can smell you in the break room—10 minutes after you left. Just spray a small amount into the air and walk through it. Less is more.
14. If you have a hairy chest, you cannot wear a V-neck without an undershirt. This is not 1977 and your name isn't Smokey. Or Simon Cowell, for that matter.
15. No socks with sandals. And if you do wear open-toed sandals, keep your feet groomed. Have you even looked down there since last summer? Trust us on this one.
Thanks Craig Playstead
Tuesday, July 29, 2008
Frustrated by Marketing calls? National Do Not Call Registry
You are in midst of your better half's call and found an another call in waiting. You hold sweetheart's call and expect the other call is important.
"Hello **** Sir, Good Morning"
What a manager, wishing and calling to offer a job. "Yes Madam, Good Morning. How are you Doing?
"Doing great Mr.*****. Is n't pleasant morning today?"
"Yeah, hectic traffic though"
"We are calling from **** bank and we offer life time free credit card.."bla bla..
"Sigh"
This incident happens to everybody in our country and I remember my MD got a marketing call when he was in conf call. And you can imagine what happend later :). I understand these calls are bread and butter for them, however it is irritating for others, can't help it.
So what is the solution for this?
Since most people are disturbed on their cell phones by telemarketer these days, Telecom Regulatory Authority of India has instituted National Do Not Call Registry (NDNC Registry) is to curb Unsolicited Commercial Communication (UCC).
A Mobile or landline subscriber, who does not wish to receive telemarketing calls, can request their telephone number be included in the NDNC Registry. Such requests are sent through their telecom service providers which will be stored in National Do Not Call Registry. Subscribers can make a Do Not Call requests via Letter, phone, SMS or on-line.
The telephone number "1909" is designated for registering your request in the National Do Not Call Registry. Registrations can be done either by calling or sending SMS with keywords "START DND" to "1909". Telephone calls/SMS to this number are Free of cost. The telecom service provider will acknowledge the request within ten days. Requests will become effective in 45 days from the date of request.
For more details, please click the following link http://ndncregistry.gov.in/ndncregistry/index.jsp.
A Mobile or landline subscriber, who does not wish to receive telemarketing calls, can request their telephone number be included in the NDNC Registry. Such requests are sent through their telecom service providers which will be stored in National Do Not Call Registry. Subscribers can make a Do Not Call requests via Letter, phone, SMS or on-line.
The telephone number "1909" is designated for registering your request in the National Do Not Call Registry. Registrations can be done either by calling or sending SMS with keywords "START DND" to "1909". Telephone calls/SMS to this number are Free of cost. The telecom service provider will acknowledge the request within ten days. Requests will become effective in 45 days from the date of request.
For more details, please click the following link http://ndncregistry.gov.in/ndncregistry/index.jsp.
Hope this works :)
Thursday, July 17, 2008
How to Stop Gossip, Rumour and Backbiting
In ancient Greece, Socrates was reputed to hold knowledge in high
esteem. One day an acquaintance met the great philosopher and
said, "Do you know what I just heard about your friend?"
"Hold on a minute," Socrates replied. "Before telling me anything I'd
like you to pass a little test. It's called the Triple Filter Test."
"Triple filter?"
"That's right," Socrates continued. "Before you talk to me about my
friend, it might be a good idea to take a moment and filter what you're
going to say. That's why I call it the triple filter test. The first filter is
Truth. Have you made absolutely sure that what you are about to tell
me is true?"
"No," the man said, "actually I just heard about it and."
"All right," said Socrates. "So you don't really know if it's true or not.
Now let's try the second filter, the filter of goodness. Is what you are
about to tell me about my friend something good?"
"No, on the contrary..."
"So," Socrates continued, "you want to tell me something bad about
him, but you're not certain it's true. You may still pass the test though,
because there's one filter left: the filter of usefulness. Is what you
want to tell me about my friend going to be useful to me?"
"No not really …”
"Well," concluded Socrates, "if what you want to tell me is neither true nor good nor even useful, why tell it to me at all?"
This is why Socrates was a great philosopher & held in such high esteem.
esteem. One day an acquaintance met the great philosopher and
said, "Do you know what I just heard about your friend?"
"Hold on a minute," Socrates replied. "Before telling me anything I'd
like you to pass a little test. It's called the Triple Filter Test."
"Triple filter?"
"That's right," Socrates continued. "Before you talk to me about my
friend, it might be a good idea to take a moment and filter what you're
going to say. That's why I call it the triple filter test. The first filter is
Truth. Have you made absolutely sure that what you are about to tell
me is true?"
"No," the man said, "actually I just heard about it and."
"All right," said Socrates. "So you don't really know if it's true or not.
Now let's try the second filter, the filter of goodness. Is what you are
about to tell me about my friend something good?"
"No, on the contrary..."
"So," Socrates continued, "you want to tell me something bad about
him, but you're not certain it's true. You may still pass the test though,
because there's one filter left: the filter of usefulness. Is what you
want to tell me about my friend going to be useful to me?"
"No not really …”
"Well," concluded Socrates, "if what you want to tell me is neither true nor good nor even useful, why tell it to me at all?"
This is why Socrates was a great philosopher & held in such high esteem.
Tuesday, July 08, 2008
Blaming?
A boy was born to a couple after eleven years of marriage. They were a loving couple and the boy was the gem of their eyes. When the boy was around two years old, one morning the husband saw a medicine bottle open. He was late for office so he asked his wife to cap the bottle and keep it in the cupboard. His wife, preoccupied in the kitchen totally forgot the matter. The boy saw the bottle and playfully went to the bottle fascinated by its color and drank it all. It happened to be a poisonous medicine meant for adults in small dosages. When the child collapsed the mother hurried him to the hospital, where he died. The mother was stunned. She was terrified how to face her husband. When the distraught father came to hospital and saw the dead child, he looked at his wife and uttered just five words.
The husband just said "I am with you Dear". The husband's totally unexpected reaction is a proactive behavior. The child is dead. He can never be brought back to life. There is no point in finding fault with the mother. Besides, if only he had taken time to keep the bottle away, this would not have happened. No one is to be blamed. She had also lost her only child. What she needed at that moment was consolation and sympathy from the husband. That is what he gave her. If everyone can look at life with this kind of perspective, there would be much fewer problems in the world. "A journey of a thousand miles begins with a single step" . Take off all your envies, jealousies, unforgiveness, selfishness, and fears. And you will find things are actually not as difficult as you think.
MORAL OF THE STORY:
Sometimes we spend time in asking who is responsible or whom to blame, whether in a relationship, in a job or with the people we know.
By this way we miss out something called L.I.F.E.
The husband just said "I am with you Dear". The husband's totally unexpected reaction is a proactive behavior. The child is dead. He can never be brought back to life. There is no point in finding fault with the mother. Besides, if only he had taken time to keep the bottle away, this would not have happened. No one is to be blamed. She had also lost her only child. What she needed at that moment was consolation and sympathy from the husband. That is what he gave her. If everyone can look at life with this kind of perspective, there would be much fewer problems in the world. "A journey of a thousand miles begins with a single step" . Take off all your envies, jealousies, unforgiveness, selfishness, and fears. And you will find things are actually not as difficult as you think.
MORAL OF THE STORY:
Sometimes we spend time in asking who is responsible or whom to blame, whether in a relationship, in a job or with the people we know.
By this way we miss out something called L.I.F.E.
Thursday, June 05, 2008
Its Vacation Time
It's been more than a year I left india. And Yes I miss my country, state and weather a lootttttttt. Now I am taking a deep breathe and taking off on saturday by Virgin Atlantic.(Guys, let me know if you any experience travelling in virgin atlantic). Hopping at London, mumbai and bangalore.(that is the cheapest itinerary I got). Will be back to USA end of June.So, Busy in packing my bags and ready to fasten my seat belts.
Till then .. bye bye
Monday, May 19, 2008
Bushkill falls
Yet another, unplanned trip, however ended with an awesome experience. We were uncertain about for a dayout on this Sunday (May-18-2008) untill we started.
Reasons are
1. My self and bro attended a party on Saturday and got latenight when reached my friends place and started playing carom with my fellow blogger. When we completed one board my opponent got a call from another blogger and they started discussing/quarrelling about a blog post. I waited for him for a while, since he didn’t come back, I gone for bed where Samuel Adams begging me for a good sleep.
2. Weather report predicts a rainy day in Delaware Water Gap.
3. Haven't browsed about the place and not planned till the end.
4. What else, Its Lazy Sunday.
Sunday, I woke up by 9:15 am and actual plan was to start by 8:00 AM. I thought of continuing my sweet sunday resting however I haven’t given any chance. Had our coffess and started by 10:30am to Delaware Water Gap. While keyin the destination in GPS we all 3 looking at others face as no body knows the destination. Wondering about our smartness, co blogger have been to his house back with the address. It’s a quite decent drive, had breakfast at DDonuts and lunch at Subway. As per GPS plan we should have reached in 1:40 mins, but we took 3 hrs, becoz of long breaks and drizzles.
On the way we found Welcome Center(information center) and being advised that the day is not good for visiting. Great, we started heading to the last attraction marked by the Gentleman in the welcome center which is BUSHKILL Falls.
About Bushkill falls:Falls located in Northeast Pennsylvania's Pocono Mountains. Beginning at the headwaters of Bushkill Creek, the water descends the mountain, toward the Delaware River, forming Bushkill Falls, Bridal Veil Falls, Bridesmaid Falls, Laurel Glen Falls, Pennell Falls, and three additional, unnamed falls.
- Bushkill Falls was opened to the public in 1904 by Charles E. Peters.
- Falls is a series of eight waterfalls, the tallest of which cascades over 100 feet. Bushkill Falls is often called the "Niagara of Pennsylvania. I feel it is too much. No where it can be compared to Niagara.
- Bushkill Falls is owned and operated by the Peters family.
- Contact Bushkills Falls: 570.588.6682
We reached the place, Less people around, lush green surroundings, strong meadows, fresh (unpolluted) air, pin drop silence, smell of a thick forest made me crazy and sure you will refresh yourself before reaching the falls. Entrance fees per Adult is $9 and for kids $4.
The steps were built by wood and guide you through the falls from top to bottom, a great plan. Looks like human untouched place. The falls aren't huge, but very nice to look at with the nature surround water falls noise. Then the photography session started. Enjoyed climbing the steps with chilled rain drizzle and sprinkled water from falls. Better not to go with kids, since the steps are too deep. Excellent network of hiking trails and bridges affording fabulous views of the falls all made by wood. We took more than an hour to look at, grounds are very scenic and every photographer would like this place to digitalize. Outfitters store and a restaurant also around in the entrance.
Then we saw Arrow Island, Delaware water gap overlook and Mt.
Tammany which were okay kind of places. We didn’t have enough time to move around to other places and weather also not allowed to hang around. Had a deep breathe of Pocono's fresh air in a place where we can have a scenery view and drove back to NJ. It was a nice trip, driver was good as usual and my photographer bro(clicked 800+). Thanks for both guys who made the wonderful and unforgettable trip.
Thursday, May 01, 2008
US slowdown will keep India as hot IT offshore
The US economic slowdown will lead buyers of IT services to consider increasing the percentage of their labour in offshore, lower-cost locations. India will remain the dominant location for IT offshore services for North American and European buyers as a result of its scale, quality of resources and strong presence of local and traditional service providers, according to Gartner.
With concerns that the US economic slowdown could extend to other geographies, organisations are refocusing on IT cost reduction and taking steps to accelerate the use of offshore labour, Gartner said. Buyers of IT services will shift from cost-containment goals to a greater focus on cost reduction and productivity increases in their sourcing decisions.
This will lead to a steady increase in the adoption and expansion of offshore services - primarily from India, but increasingly from other countries as well.
“Factors that will give India the edge over other offshore locations are scale and quality of labour. North American and European buyers of IT services have been the force behind a growing offshore services market and India is central to almost any discussion of offshore services delivery for these buyers,” said Gartner research director TJ Singh.
Gartner sees two possible scenarios that will have an impact on offshore services adoption in the coming months: temporary economic downturn (best case scenario) or a more sustained recession (worst case scenario). According to Gartner vice-president Allie Young, “In the best case scenario, buyers will aggressively seek cost-saving measures by accelerating offshore delivery or, for first time users, moving IT services to offshore locations.”
In the worst case scenario, if a more sustained economic slowdown leads to a prolonged recession in the US, Gartner expects a more-aggressive movement to cut IT budgets
With concerns that the US economic slowdown could extend to other geographies, organisations are refocusing on IT cost reduction and taking steps to accelerate the use of offshore labour, Gartner said. Buyers of IT services will shift from cost-containment goals to a greater focus on cost reduction and productivity increases in their sourcing decisions.
This will lead to a steady increase in the adoption and expansion of offshore services - primarily from India, but increasingly from other countries as well.
“Factors that will give India the edge over other offshore locations are scale and quality of labour. North American and European buyers of IT services have been the force behind a growing offshore services market and India is central to almost any discussion of offshore services delivery for these buyers,” said Gartner research director TJ Singh.
Gartner sees two possible scenarios that will have an impact on offshore services adoption in the coming months: temporary economic downturn (best case scenario) or a more sustained recession (worst case scenario). According to Gartner vice-president Allie Young, “In the best case scenario, buyers will aggressively seek cost-saving measures by accelerating offshore delivery or, for first time users, moving IT services to offshore locations.”
In the worst case scenario, if a more sustained economic slowdown leads to a prolonged recession in the US, Gartner expects a more-aggressive movement to cut IT budgets
Wednesday, April 30, 2008
Thursday, April 24, 2008
A Leader Should Know How to Manage Failure
In Corporate always the failures goes to bolt and nuts, not to the leaders/managers. None of the managers hold the responsbility when it comes to failure, at the same time when there is a success most managers comes forward and take the honor. But this incident shows a different view.
(Former President of India APJ Abdul Kalam at Wharton India Economic Forum, Philadelphia, March 22,2008)
Question: Could you give an example, from your own experience, of how leaders should manage failure?
Kalam: Let me tell you about my experience. In 1973 I became the project director of India's satellite launch vehicle program, commonly called the SLV-3. Our goal was to put India's 'Rohini' satellite into orbit by 1980. I was given funds and human resources -- but was told clearly that by 1980 we had to launch the satellite into space. Thousands of people worked together in scientific and technical teams towards that goal.
By 1979 -- I think the month was August -- we thought we were ready. As the project director, I went to the control center for the launch. At four minutes before the satellite launch, the computer began to go through the checklist of items that needed to be checked. One minute later, the computer program put the launch on hold; the display showed that some control components were not in order. My experts -- I had four or five of them with me -- told me not to worry; they had done their calculations and there was enough reserve fuel. So I bypassed the computer, switched to manual mode, and launched the rocket. In the first stage, everything worked fine. In the second stage, a problem developed. Instead of the satellite going into orbit, the whole rocket system plunged into the Bay of Bengal. It was a big failure.
That day, the chairman of the Indian Space Research Organization, Prof. Satish Dhawan, had called a press conference. The launch was at 7:00 am, and the press conference -- where journalists from around the world were present -- was at 7:45 am at ISRO's satellite launch range in Sriharikota [in Andhra Pradesh in southern India]. Prof. Dhawan, the leader of the organization, conducted the press conference himself. He took responsibility for the failure -- he said that the team had worked very hard, but that it needed more technological support. He assured the media that in another year, the team would definitely succeed. Now, I was the project director, and it was my failure, but instead, he took responsibility for the failure as chairman of the organization.
The next year, in July 1980, we tried again to launch the satellite -- and this time we succeeded. The whole nation was jubilant. Again, there was a press conference. Prof. Dhawan called me aside and told me, 'You conduct the press conference today.'
Abdul kalam said, I learned a very important lesson that day. When failure occurred, the leader of the organization owned that failure. When success came, he gave it to his team. The best management lesson I have learned did not come to me from reading a book; it came from that experience.
(Former President of India APJ Abdul Kalam at Wharton India Economic Forum, Philadelphia, March 22,2008)
Question: Could you give an example, from your own experience, of how leaders should manage failure?
Kalam: Let me tell you about my experience. In 1973 I became the project director of India's satellite launch vehicle program, commonly called the SLV-3. Our goal was to put India's 'Rohini' satellite into orbit by 1980. I was given funds and human resources -- but was told clearly that by 1980 we had to launch the satellite into space. Thousands of people worked together in scientific and technical teams towards that goal.
By 1979 -- I think the month was August -- we thought we were ready. As the project director, I went to the control center for the launch. At four minutes before the satellite launch, the computer began to go through the checklist of items that needed to be checked. One minute later, the computer program put the launch on hold; the display showed that some control components were not in order. My experts -- I had four or five of them with me -- told me not to worry; they had done their calculations and there was enough reserve fuel. So I bypassed the computer, switched to manual mode, and launched the rocket. In the first stage, everything worked fine. In the second stage, a problem developed. Instead of the satellite going into orbit, the whole rocket system plunged into the Bay of Bengal. It was a big failure.
That day, the chairman of the Indian Space Research Organization, Prof. Satish Dhawan, had called a press conference. The launch was at 7:00 am, and the press conference -- where journalists from around the world were present -- was at 7:45 am at ISRO's satellite launch range in Sriharikota [in Andhra Pradesh in southern India]. Prof. Dhawan, the leader of the organization, conducted the press conference himself. He took responsibility for the failure -- he said that the team had worked very hard, but that it needed more technological support. He assured the media that in another year, the team would definitely succeed. Now, I was the project director, and it was my failure, but instead, he took responsibility for the failure as chairman of the organization.
The next year, in July 1980, we tried again to launch the satellite -- and this time we succeeded. The whole nation was jubilant. Again, there was a press conference. Prof. Dhawan called me aside and told me, 'You conduct the press conference today.'
Abdul kalam said, I learned a very important lesson that day. When failure occurred, the leader of the organization owned that failure. When success came, he gave it to his team. The best management lesson I have learned did not come to me from reading a book; it came from that experience.
Wednesday, April 16, 2008
Kuruvi mp3 songs download
Kuruvi Mp3 songs -download from here
Disc: I dont own any rights on the source or destination. I am just a forwarder, as usual.
Disc: I dont own any rights on the source or destination. I am just a forwarder, as usual.
Wednesday, April 09, 2008
Stop the War on Journalists in Sri Lanka
International Federation of Journalists (IFJ), an organization which aims to protect and strengthen the rights and freedoms of journalists is calling for a Global Day of Action on the 10th of April, titled Stop the War on Journalists in Sri Lanka. Thanks to Mathy for sharing ...For More info
I dedicate my 300th post to my fellow tamilians who shedding blood for their rights and lives in SriLanka.
Tuesday, April 08, 2008
A simple solution
We know Pencil-moon-russian-USA and Japanese Soap boxes-Fan kinda incidents and its way of simple solution, I got a mail today which shows the similar kind of, however it is a story. Here we go.
Hero went to a psychiatrist.
"I've got problems. Every time I go to bed, I think there's somebody under it. I'm scared. I think I'm going crazy."
Doctor repled, "Come and talk to me three times a week, and we should be able to get rid of those fears after powerful councellings"
"How much do you charge?"
"150Rs per visit" replied the doctor.
Hero nodded and left the hospital.
Six months later the doctor met hero on the street.
"Why didn't you ever come to see about those fears you were having?" asked the psychiatrist.
"Well, Rs150 a visit three times a week for a year is an awful lot
of money! A bartender cured me for Rs 120. I was so happy to have saved all
that money I went and bought me a new pickup!"
"Is that so! And how, may I ask, did a bartender cure you?"
"He told me to cut the legs off the bed! - Ain't nobody under there now!!"
Hero went to a psychiatrist.
"I've got problems. Every time I go to bed, I think there's somebody under it. I'm scared. I think I'm going crazy."
Doctor repled, "Come and talk to me three times a week, and we should be able to get rid of those fears after powerful councellings"
"How much do you charge?"
"150Rs per visit" replied the doctor.
Hero nodded and left the hospital.
Six months later the doctor met hero on the street.
"Why didn't you ever come to see about those fears you were having?" asked the psychiatrist.
"Well, Rs150 a visit three times a week for a year is an awful lot
of money! A bartender cured me for Rs 120. I was so happy to have saved all
that money I went and bought me a new pickup!"
"Is that so! And how, may I ask, did a bartender cure you?"
"He told me to cut the legs off the bed! - Ain't nobody under there now!!"
Friday, April 04, 2008
Friday Fun-Ctrl C & V
1. Long back, a person who sacrificed his sleep, forgot his family, forgot his food, forgot laughter were called "Saints" But now they are called..
"IT professionals"
2. An interesting line written at the back of a Biker's T Shirt:
" If you are able to see this, Please tell me that my galfriend has fallen off"
3. Most Relationships fail not because of the absence of love..
Love is always present..
Its just that,
One loves too much,
and
The other loves too many,
4. Employee: Boss, Now i have got married..! Please increase my salary..!
BOSS: Factory is not responsible for accidents occuring outside the company..!
5. Philosophy of life
At the begining of married life, every gal treats her husband as GOD,
Later on somehow the alphabets got reversed..!
6. What is a Fear?
Fear is the Deep, Wrenching feeling in your stomach When pages of your book still smell new and Just few hours left for your exams..!
7. Someone has rightly said, "A fool can ask More questions that a wise man cannot answer". No Wonder why so many of us speechless when lecturers ask question..!
8.Girl: Do you have Cards with sentimental Love quotes?
Shopkeeper: Oh sure..@! How about this card, it says "To the only boy I ever loved.!"
Girl: Thats good, Give me 12 of them..!
9.After reading the form filled by an applicant.. The employer said: " WE do have an opening for you..!
Applicant: What is it?
Interviewer: Its called the "door..!"
10. A Banner cum Sign Board In front of an IT company..
Drive Slowly, Dont kill our Employee...
..... Leave them to us
"IT professionals"
2. An interesting line written at the back of a Biker's T Shirt:
" If you are able to see this, Please tell me that my galfriend has fallen off"
3. Most Relationships fail not because of the absence of love..
Love is always present..
Its just that,
One loves too much,
and
The other loves too many,
4. Employee: Boss, Now i have got married..! Please increase my salary..!
BOSS: Factory is not responsible for accidents occuring outside the company..!
5. Philosophy of life
At the begining of married life, every gal treats her husband as GOD,
Later on somehow the alphabets got reversed..!
6. What is a Fear?
Fear is the Deep, Wrenching feeling in your stomach When pages of your book still smell new and Just few hours left for your exams..!
7. Someone has rightly said, "A fool can ask More questions that a wise man cannot answer". No Wonder why so many of us speechless when lecturers ask question..!
8.Girl: Do you have Cards with sentimental Love quotes?
Shopkeeper: Oh sure..@! How about this card, it says "To the only boy I ever loved.!"
Girl: Thats good, Give me 12 of them..!
9.After reading the form filled by an applicant.. The employer said: " WE do have an opening for you..!
Applicant: What is it?
Interviewer: Its called the "door..!"
10. A Banner cum Sign Board In front of an IT company..
Drive Slowly, Dont kill our Employee...
..... Leave them to us
Wednesday, March 26, 2008
New business models for IT
The Indian IT industry has witnessed an exceptional growth over the last two decades, led by the 1990s, when companies were notching up 50-100 percent growth rates. Such was the momentum that even the dot-com bust of the early 2000 and the global economic slowdown only marginally impacted growth, keeping it above the 30 percent mark. The excellent performance was in large part due to the vast talent pool harnessed by industry leaders and their investments in process capability.
The global delivery model, created as a result, was a disruptive innovation enabling the industry to comfortably ride the economic downturn of the early 2000. The model is now being universally adopted, leading to commoditization of traditional IT services around vanilla technologies. Companies are differentiating their services by moving up the value chain and acquiring domain capabilities.
Seeing the rapid acceptance of the lower-cost offshoring model, global multinational consulting firms have dramatically scaled up their presence in India. From less than 10,000 people in 2002, the top six global consulting firms now account for a headcount of more than 150,000. This rapid growth and our own success in scaling business have put huge pressure on sourcing and retaining quality talent. As a result, wages are increasing, adding to the overall cost of doing business.
The twin challenges of the appreciating rupee and rising cost structures are accelerating the search for non-linear business models, where revenue expansion does not imply a proportionate headcount increase. The industry is exploring new services for exploiting the offshore potential, building Internet Protocol (IP)-based software assets that can be customized to rapidly deliver solutions, or simply creating innovative commercial models that shift the terms of engagement away from headcount. As I had mentioned at a recent Nasscom meet, three non-linear business options are promising.
Managed services: Services around applications, development and maintenance (ADM) were the first to be offshored. According to a 2006 Nasscom-McKinsey study, this is a $35 billion opportunity. It indicates that offshore services around IT operations represent a $75-$80 billion market. While more than 30 percent of the ADM offshoring opportunity has been penetrated, the field of IT operations is wide open for Indian IT services players.
IT infrastructure has traditionally not been offshored largely because of inadequate communications infrastructure, high perceived risks and limited automation tools. These notions are beginning to disappear.
The remote infrastructure management services segment is growing rapidly, with large organizations providing a complete end-to-end solutions portfolio. This market, incidentally, is not just for big players. Mid-sized organizations, too, have established their presence in it. Global research body Forrester in its report, Smaller India-Based Infrastructure Providers Can Be The Right Size For The Right Clients, has showcased a clutch of smaller organizations building successful models in this space.
IP asset-based services: Delivering solutions around IP assets (frameworks, reusable components, and productized services) is a powerful service differentiator and a significant margin lever. Implementing such solutions requires significant customization—a strength of Indian services providers. Contracts can include both licensing and services components, with support revenue streams, making it another good non-linear option.
Compared with the pure-play products business, IP asset-based solutions will be easier for the industry to adopt. Large players are investing in this capability although revenue streams currently are a small part of their business. Smaller players are taking the inorganic route to acquire such IP assets.
Software as a service (Saas): The philosophy behind Saas rests on the concept of positioning an application as a set of services as opposed to a licence. The customer is charged for usage rather than outright ownership. Recently, enterprise solutions giant SAP announced its “Business by Design” programme in the US, where it will offer its applications at a charge per user per month, which is a path-breaking development in the packaged software world. Saas by its very definition is non-linear, since revenues are linked to usage and the transactions performed. Being a relatively new concept, it’s too early for market sizing but it remains one of the most promising disruptive approaches to delivering IT solutions.
The global delivery model that emerged from India has changed the way IT services are delivered. The industry, in essence, redefined software development by converting the art form of programming into an engineering discipline. The industry has benefited from the early-mover advantage of adopting this innovative process. However, with increased global presence offshore and a challenging environment, Indian IT services providers will need to transform with newer services.
The global delivery model, created as a result, was a disruptive innovation enabling the industry to comfortably ride the economic downturn of the early 2000. The model is now being universally adopted, leading to commoditization of traditional IT services around vanilla technologies. Companies are differentiating their services by moving up the value chain and acquiring domain capabilities.
Seeing the rapid acceptance of the lower-cost offshoring model, global multinational consulting firms have dramatically scaled up their presence in India. From less than 10,000 people in 2002, the top six global consulting firms now account for a headcount of more than 150,000. This rapid growth and our own success in scaling business have put huge pressure on sourcing and retaining quality talent. As a result, wages are increasing, adding to the overall cost of doing business.
The twin challenges of the appreciating rupee and rising cost structures are accelerating the search for non-linear business models, where revenue expansion does not imply a proportionate headcount increase. The industry is exploring new services for exploiting the offshore potential, building Internet Protocol (IP)-based software assets that can be customized to rapidly deliver solutions, or simply creating innovative commercial models that shift the terms of engagement away from headcount. As I had mentioned at a recent Nasscom meet, three non-linear business options are promising.
Managed services: Services around applications, development and maintenance (ADM) were the first to be offshored. According to a 2006 Nasscom-McKinsey study, this is a $35 billion opportunity. It indicates that offshore services around IT operations represent a $75-$80 billion market. While more than 30 percent of the ADM offshoring opportunity has been penetrated, the field of IT operations is wide open for Indian IT services players.
IT infrastructure has traditionally not been offshored largely because of inadequate communications infrastructure, high perceived risks and limited automation tools. These notions are beginning to disappear.
The remote infrastructure management services segment is growing rapidly, with large organizations providing a complete end-to-end solutions portfolio. This market, incidentally, is not just for big players. Mid-sized organizations, too, have established their presence in it. Global research body Forrester in its report, Smaller India-Based Infrastructure Providers Can Be The Right Size For The Right Clients, has showcased a clutch of smaller organizations building successful models in this space.
IP asset-based services: Delivering solutions around IP assets (frameworks, reusable components, and productized services) is a powerful service differentiator and a significant margin lever. Implementing such solutions requires significant customization—a strength of Indian services providers. Contracts can include both licensing and services components, with support revenue streams, making it another good non-linear option.
Compared with the pure-play products business, IP asset-based solutions will be easier for the industry to adopt. Large players are investing in this capability although revenue streams currently are a small part of their business. Smaller players are taking the inorganic route to acquire such IP assets.
Software as a service (Saas): The philosophy behind Saas rests on the concept of positioning an application as a set of services as opposed to a licence. The customer is charged for usage rather than outright ownership. Recently, enterprise solutions giant SAP announced its “Business by Design” programme in the US, where it will offer its applications at a charge per user per month, which is a path-breaking development in the packaged software world. Saas by its very definition is non-linear, since revenues are linked to usage and the transactions performed. Being a relatively new concept, it’s too early for market sizing but it remains one of the most promising disruptive approaches to delivering IT solutions.
The global delivery model that emerged from India has changed the way IT services are delivered. The industry, in essence, redefined software development by converting the art form of programming into an engineering discipline. The industry has benefited from the early-mover advantage of adopting this innovative process. However, with increased global presence offshore and a challenging environment, Indian IT services providers will need to transform with newer services.
Monday, March 10, 2008
1 mn Jobs in India
Read a news today which states that
" New Delhi, March 10: It is good news for those fresh out of college or for those who are keen for a job change, as a leading HR consultancy firm has predicted one million new jobs in India this year.
Ma Foi Employment Trends Survey (METS), conducted by Ma Foi, one of India's largest HR consultancy firm has predicted a three per cent increase in employment in 2008.
The largest chunk of the new jobs according to the survey would be generated by hospitality sector which is riding high with the tourism boom in the country.
"The Hospitality sector will generate the maximum number of employment in 2008. 426,668 jobs are going to be generated by the Hospitality sector. This sector is closely followed by Health at 295,829 and Education Training & Consultancy at 166,005," says the survey.
It adds that an estimated USD 11.41 billion is expected to be seen in the Hospitality sector in the next two years and that India is likely to have around 40 international hotel brands by 2011.
"The boom in the tourism industry has had a cascading effect on the hospitality sector, which was a result of the increase in the occupancy ratios and average room rates. With the demand continuing to surge, many global hospitality majors have evinced a keen interest in the Indian hospitality sector," says K. Pandia Rajan, Managing Director, Ma Foi Management Consultants Ltd.
While, IT and ITES sector continues with high growth in recruitment at 7.3 and 7.2 per cent, the survey says that it is the Health sector which shows the highest growth in recruitment at 8.9 per cent. "
Coming to the point //IT and ITES sector continues with high growth in recruitment at 7.3 and 7.2 per cent//, is nt crazy where people are getting fired everyday from top level companies with their (HR's) strong judgement, as recession being supplimentary and strategic of the HR?
" New Delhi, March 10: It is good news for those fresh out of college or for those who are keen for a job change, as a leading HR consultancy firm has predicted one million new jobs in India this year.
Ma Foi Employment Trends Survey (METS), conducted by Ma Foi, one of India's largest HR consultancy firm has predicted a three per cent increase in employment in 2008.
The largest chunk of the new jobs according to the survey would be generated by hospitality sector which is riding high with the tourism boom in the country.
"The Hospitality sector will generate the maximum number of employment in 2008. 426,668 jobs are going to be generated by the Hospitality sector. This sector is closely followed by Health at 295,829 and Education Training & Consultancy at 166,005," says the survey.
It adds that an estimated USD 11.41 billion is expected to be seen in the Hospitality sector in the next two years and that India is likely to have around 40 international hotel brands by 2011.
"The boom in the tourism industry has had a cascading effect on the hospitality sector, which was a result of the increase in the occupancy ratios and average room rates. With the demand continuing to surge, many global hospitality majors have evinced a keen interest in the Indian hospitality sector," says K. Pandia Rajan, Managing Director, Ma Foi Management Consultants Ltd.
While, IT and ITES sector continues with high growth in recruitment at 7.3 and 7.2 per cent, the survey says that it is the Health sector which shows the highest growth in recruitment at 8.9 per cent. "
Coming to the point //IT and ITES sector continues with high growth in recruitment at 7.3 and 7.2 per cent//, is nt crazy where people are getting fired everyday from top level companies with their (HR's) strong judgement, as recession being supplimentary and strategic of the HR?
Tuesday, March 04, 2008
Bits and Pieces of Feb-8
1) I just learned that PlateSpin, leader in the P2V migration market, has been acquired by Novell. Platespin, as per my concern and everybody's an expensive product for converting the Physical Servers(mostly) to Virtual servers(VMware).
I Started working with Novell Technology as my first networking OS which provided major jobs at that time on Networking, mid of 1997. Before completing my course Microsoft's WinNT gained the market and insisted me to get to GUI based OS which is feeding me till now, Touch wood.
Here is the news about the acquistion.
2) Information technology (IT) firms appear to have lost their appeal at the Indian Institutes of Technology (IIT). Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.
Firms like IBM, HCL, Hughes Software and CSC opted out of placements this year and hiring by firms like India’s largest IT services provider Tata Consultancy Services (TCS), Infosys and Wipro has dropped.
Bush, said that this is only slow down- a better political word. I know this is going to be a collapse in IT market and will take some to gain, at that time China will be the pioneer and we will fly to China for onsite. So I am packing my bags along with Chinese to Eng books.
3) JetAirways- My understanding and feedback thro friends, shows that it has good service and yes tickets are cheaper than others. AirIndia is the only flight which competes with the ticket prices obvsly not in the service. I guess, from this year onwards I may not get a chance to fly by my fav. BA.
4) Able to read more blogs thro blogkut and finding lot of friends thro blogs. Sameera is one among them who inspired me a lot in these days, she is really in enthu person. The other who is really amzing is Archana. roping them to my mind. I hope most of my CSC friends stopped blogging(seems they gotta work in these days after a decade).
5) Chinmayi- Again blogging more and rejecting my most of criticising comments. I guess, I am the only guy who criticise her for more than 3yrs of blogging tenure. Girls, never liked being suggested and criticised.. is it true?
6) Freezed the coding of BLOGKUT and concentrating more on my new venture classfieds.
I Started working with Novell Technology as my first networking OS which provided major jobs at that time on Networking, mid of 1997. Before completing my course Microsoft's WinNT gained the market and insisted me to get to GUI based OS which is feeding me till now, Touch wood.
Here is the news about the acquistion.
2) Information technology (IT) firms appear to have lost their appeal at the Indian Institutes of Technology (IIT). Campus recruitment figures by major Indian and foreign IT firms have dipped this year, raising further concerns of an industry slowdown.
Firms like IBM, HCL, Hughes Software and CSC opted out of placements this year and hiring by firms like India’s largest IT services provider Tata Consultancy Services (TCS), Infosys and Wipro has dropped.
Bush, said that this is only slow down- a better political word. I know this is going to be a collapse in IT market and will take some to gain, at that time China will be the pioneer and we will fly to China for onsite. So I am packing my bags along with Chinese to Eng books.
3) JetAirways- My understanding and feedback thro friends, shows that it has good service and yes tickets are cheaper than others. AirIndia is the only flight which competes with the ticket prices obvsly not in the service. I guess, from this year onwards I may not get a chance to fly by my fav. BA.
4) Able to read more blogs thro blogkut and finding lot of friends thro blogs. Sameera is one among them who inspired me a lot in these days, she is really in enthu person. The other who is really amzing is Archana. roping them to my mind. I hope most of my CSC friends stopped blogging(seems they gotta work in these days after a decade).
5) Chinmayi- Again blogging more and rejecting my most of criticising comments. I guess, I am the only guy who criticise her for more than 3yrs of blogging tenure. Girls, never liked being suggested and criticised.. is it true?
6) Freezed the coding of BLOGKUT and concentrating more on my new venture classfieds.
Subscribe to:
Posts (Atom)
LinkWithin
