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You do feel proud to be associated with such a person. So many of his batchmates like me, got lured by corporates - He decided against it. He has started "Samriddhi" - which delivers vegetables to the customers in association with vendors and farmers. He has involved every stakeholder in the entire value chain. Foremost he decided to go back to his roots - in Bihar - and pull it off.
Labels: Business, college, life
by JAY @ 6:14 PM |Show/Add (2) comments|
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I was fresh out of college armed with a MBA, and was lodged in a plush Mumbai Hotel for the induction into a conglomerate. I had a room partner - Aditya, he was a Kannadiga (IIT + IT sector + overseas stint + MBA). He typified a generation of Super Techies, bred under the carpet revolution which has swept the nation in the past decade. The IT sector in India has been growing immensely, fuelled by outsourcing and some smart leaders like Narayanmurthy and Azim Premji. For many a IITian/NITian/BITian, it was obvious to board the bus.
These super techies were well educated and smart, but the job on offer was comparatively mundane. The money on the other hand was easy, there was lure of overseas stint, and a better quality of corporate life that the new IT companies offered.However, two things happened in this unholy alliance -
1. Soon, with an experience of 2 - 3 yrs they were bored and looking to get the MBAs by cracking things like CAT/GMAT etc.
2. The bored super techie, with ample time/money on hand and an easy tech access - got interested in Online indulgence into the Equity Market and its cousins . No wonder emergence of the online brokerage/penetration of internet/booming economy and the bored Super Techie in an IT company forged an alliance.
Aditya, fell prey to the "obvious second one", stated above; whereas,I was still as non serious as I was two years back (prior to my MBA days). Aditya, in the dinner table would randomly throw a few questions to me like - "given a chance which sector you would bet on?". Then, what would follow was typical MBA global gyan on sectoral growth. Real estate,Retail and Infrastructure would form the core of our discussions. One interesting thing he had revealed to me during such discussions was - his penchant to back companies with strong leaders and an easy way out is - the companies driven by IITians. Thus, he would discuss with me - IndiaBulls, its rise and future growth plans. I was impressed indeed. He would also explain his game plan - The Markets are on the rise and its gonna surge like this for probably next two years - Here is the chance to maximize our gains and then it will be a super neo Hindu growth story.
Its been one year and things have changed since then. I am looking to call him soon and let him know a few of the things that is happening now:
. An erstwhile busy Investment Banker is finding time to comment on my Tagboard. Wackiness of his comments are not at all proportional to "the squeeze" in the market.( Who is etika 
).
. A famous movie from 80s starring Charlie Sheen and Michael Douglas, is going to the editor's table and now the opening trailer would read "Once upon a time in NY, there was a wall street.."
. Top 10 Email Spams: A forwarded email by a colleague of mine is finding a place into the top 10 email Spams. This was an email on the walk-ins for Lehman Employee's by another Investment Bank in India.
. Corporate Bankers: With work, less likely to come by,the city bankers have installed NFS (need for speed) on their comps. No corporate client is likely to walk by, to borrow money at such high interest rates.
. Jaywalking Jay is back to blogging - He has time to sit and fiddle around with his comp. The sudden space has been provided by the decision to cull new retail projects and go slow on spending.
. Super techie Thorny is looking for start-ups. New projects are drying up for the IT biggies. Banking is a big customer.
. My consistent cousin who talks once a year to me had called to say "Hi". During the conversation, he drops in the news of layoffs to be announced by the Steel sector in coming months and how he is wondering what to do. Surely, one option is to pass on the CV to me.
These fretting facts, though from different parts of the world they are, point towards one inevitable truth - The slowdown is here - before than we expected and more monstrous than we have ever seen.
These super techies were well educated and smart, but the job on offer was comparatively mundane. The money on the other hand was easy, there was lure of overseas stint, and a better quality of corporate life that the new IT companies offered.However, two things happened in this unholy alliance -
1. Soon, with an experience of 2 - 3 yrs they were bored and looking to get the MBAs by cracking things like CAT/GMAT etc.
2. The bored super techie, with ample time/money on hand and an easy tech access - got interested in Online indulgence into the Equity Market and its cousins . No wonder emergence of the online brokerage/penetration of internet/booming economy and the bored Super Techie in an IT company forged an alliance.
Aditya, fell prey to the "obvious second one", stated above; whereas,I was still as non serious as I was two years back (prior to my MBA days). Aditya, in the dinner table would randomly throw a few questions to me like - "given a chance which sector you would bet on?". Then, what would follow was typical MBA global gyan on sectoral growth. Real estate,Retail and Infrastructure would form the core of our discussions. One interesting thing he had revealed to me during such discussions was - his penchant to back companies with strong leaders and an easy way out is - the companies driven by IITians. Thus, he would discuss with me - IndiaBulls, its rise and future growth plans. I was impressed indeed. He would also explain his game plan - The Markets are on the rise and its gonna surge like this for probably next two years - Here is the chance to maximize our gains and then it will be a super neo Hindu growth story.
Its been one year and things have changed since then. I am looking to call him soon and let him know a few of the things that is happening now:
. An erstwhile busy Investment Banker is finding time to comment on my Tagboard. Wackiness of his comments are not at all proportional to "the squeeze" in the market.( Who is etika ).. A famous movie from 80s starring Charlie Sheen and Michael Douglas, is going to the editor's table and now the opening trailer would read "Once upon a time in NY, there was a wall street..". Top 10 Email Spams: A forwarded email by a colleague of mine is finding a place into the top 10 email Spams. This was an email on the walk-ins for Lehman Employee's by another Investment Bank in India.. Corporate Bankers: With work, less likely to come by,the city bankers have installed NFS (need for speed) on their comps. No corporate client is likely to walk by, to borrow money at such high interest rates.. Jaywalking Jay is back to blogging - He has time to sit and fiddle around with his comp. The sudden space has been provided by the decision to cull new retail projects and go slow on spending.. Super techie Thorny is looking for start-ups. New projects are drying up for the IT biggies. Banking is a big customer.. My consistent cousin who talks once a year to me had called to say "Hi". During the conversation, he drops in the news of layoffs to be announced by the Steel sector in coming months and how he is wondering what to do. Surely, one option is to pass on the CV to me.These fretting facts, though from different parts of the world they are, point towards one inevitable truth - The slowdown is here - before than we expected and more monstrous than we have ever seen.
Labels: Business, college, Work
by JAY @ 10:05 AM |Show/Add (0) comments|
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Crap on the water: This post was supposed to be titled "O Jay, Where art thou ? - part II". I realized (not so soon) that before I posted "O Jay, where art thou - part I" (last post), one of the notorious bloggers in the blogspace called Lizze had already posted with a similar title "O Michael, Where art thou". You may argue that replacing Michael with Jay makes it more spicy (puts a face biting its tongue) but it will also make me charter in troubled waters. This woman (supposedly) is becoming an American from a Londoner(prolly) and thus, the chance of her suing me for copyright violation has increased. I may do a Kaavya Vishwanathan and argue that I prolly derived the name subconsciously from a movie which goes by the name "O Brother, where art thou"; but trust me, it doesn't help. They all believe what they wanna believe (puts a sad face).
(please, increase the volume)
Smoke on the water: This wasn't supposed to be the arbitrary display that u just read in the prologue.(Lizze may just kill me for all that). It was supposed to be classical, non funny and tasteless essay.
The March heat was on. While all the students had gone back home or were holidaying, there were two guys, Lota ji and Nirmal babu still entrapped within the red walls of the college making charts, cracking data and calling important people to make the ends meet. These no non-sense guys were agribusiness management students and had declined big bucks for entrepreneurship. They were working on several projects simultaneously. This all had started when The Chief Minister of Bihar (a state), Mr. Nitish Kumar visited the campus last year. Several students presented projects to uplift the state and were willing to work there. The Minister gave a go ahead. They made a support group comprising the students. Each student would pursue his own project while the support group would provide consultancy and take a hit if one of the students fails in his venture. The ideas ranged from Rural Radio, Retail chain, Insurance plan for Rickshaw pullers, Extracting Ethanol from corn to various consultancy projects for the government. A lot of them are already on its way. Some of the national news channels splashed a one hour documentary on it. The word spread. Venture capitalists, Consultants and supporters from various parts of the country, USA and Europe started calling these people. Now, Nirmal babu says proudly "we won't need Bank Loans. Money is not a constraint. Not for me, not for you and not for any frog who wants to jump out of the well".
Energy rubs on me and I kept wondering, for the past two years where was I and what was I doing "O Jay, Where art thou".
Down South Goa. under a full moon and a clean sky, Jay was sipping wine on the beach along with his friends Medha, Danko, KG, Tiru and Jhade Singh. Jay was singing raunchy Bhojpuri songs one after the other and people were egging him on.
Medha: "abe! gaana aur suna na" (sing me a song) Jhade Sigh: " Do u remember e guddi".
Jay: " O yea, E Guddi.. arre ye Guddi!! aaa Khele chorwa sipaiyya"
"Banhiya mein dhar ke raja....(censored.)"
Jhade Singh was dancing and singing alongwith me. Jhade Singh completed his graduation last year and he himself had declined a good job offer to open "chain of spa and wellness centre" with Hukka. Last year, there were about 6 people who had decided to go on their own, this year there are 11. This year, there are several portals made by some of the students which have become huge hits. Among them "CRICSTOCK" (mixture of Cricket and stocks trading) and "10 a day" (a portal for CAT preparation)". Rights of publishing some material on cricstock was sold within months to a national news channel (NDTV.com). The deal ranged in Lakhs. Does it sound like the youtube story? My own baddie partner Paro had a plan in place for "becoming a supplier of a women's inner wear brand" (wipe off that smile), which will cater to somewhere between the high end and low end customer. Her pic was splashed in the cover page of national magazine. Imagine what kind of peer pressure it exerts on other people. Another friend dearly called Hilao, declined a Lehman Brother's offer because he wanted to indulge in real estate.
All these things don't demoralize me but make me proud. After all when a college is branded Harvard of India or the Best B-school in Asia-Pac, it has to shoulder responsibilities and produce entrepreneurs. So what, if people like Jay chose easy way out by working for some one else .
Well wait... Jay has a plan in place too . U may just hear what he is planing to do soon. So, wait and meanwhile stop wondering, y does the post has a title smoke on the water. Its cryptic.. he he he.
The March heat was on. While all the students had gone back home or were holidaying, there were two guys, Lota ji and Nirmal babu still entrapped within the red walls of the college making charts, cracking data and calling important people to make the ends meet. These no non-sense guys were agribusiness management students and had declined big bucks for entrepreneurship. They were working on several projects simultaneously. This all had started when The Chief Minister of Bihar (a state), Mr. Nitish Kumar visited the campus last year. Several students presented projects to uplift the state and were willing to work there. The Minister gave a go ahead. They made a support group comprising the students. Each student would pursue his own project while the support group would provide consultancy and take a hit if one of the students fails in his venture. The ideas ranged from Rural Radio, Retail chain, Insurance plan for Rickshaw pullers, Extracting Ethanol from corn to various consultancy projects for the government. A lot of them are already on its way. Some of the national news channels splashed a one hour documentary on it. The word spread. Venture capitalists, Consultants and supporters from various parts of the country, USA and Europe started calling these people. Now, Nirmal babu says proudly "we won't need Bank Loans. Money is not a constraint. Not for me, not for you and not for any frog who wants to jump out of the well".
Energy rubs on me and I kept wondering, for the past two years where was I and what was I doing "O Jay, Where art thou".
Down South Goa. under a full moon and a clean sky, Jay was sipping wine on the beach along with his friends Medha, Danko, KG, Tiru and Jhade Singh. Jay was singing raunchy Bhojpuri songs one after the other and people were egging him on.
Medha: "abe! gaana aur suna na" (sing me a song) Jhade Sigh: " Do u remember e guddi".
Jay: " O yea, E Guddi.. arre ye Guddi!! aaa Khele chorwa sipaiyya"
"Banhiya mein dhar ke raja....(censored.)"
Jhade Singh was dancing and singing alongwith me. Jhade Singh completed his graduation last year and he himself had declined a good job offer to open "chain of spa and wellness centre" with Hukka. Last year, there were about 6 people who had decided to go on their own, this year there are 11. This year, there are several portals made by some of the students which have become huge hits. Among them "CRICSTOCK" (mixture of Cricket and stocks trading) and "10 a day" (a portal for CAT preparation)". Rights of publishing some material on cricstock was sold within months to a national news channel (NDTV.com). The deal ranged in Lakhs. Does it sound like the youtube story? My own baddie partner Paro had a plan in place for "becoming a supplier of a women's inner wear brand" (wipe off that smile), which will cater to somewhere between the high end and low end customer. Her pic was splashed in the cover page of national magazine. Imagine what kind of peer pressure it exerts on other people. Another friend dearly called Hilao, declined a Lehman Brother's offer because he wanted to indulge in real estate.
All these things don't demoralize me but make me proud. After all when a college is branded Harvard of India or the Best B-school in Asia-Pac, it has to shoulder responsibilities and produce entrepreneurs. So what, if people like Jay chose easy way out by working for some one else .
Well wait... Jay has a plan in place too . U may just hear what he is planing to do soon. So, wait and meanwhile stop wondering, y does the post has a title smoke on the water. Its cryptic.. he he he.
Labels: Business, college, friends, Miscallaneous
by JAY @ 1:40 AM |Show/Add (4) comments|
[Hide (4) comments]This is an over hyped conspiracy theory and the clip is very sleek.
Labels: blogging, Business, tech
by JAY @ 2:28 PM |Show/Add (10) comments|
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As I am graduating, bypassing the Gyan distribution in my very own blog would be a gross error. So, I am gonna bowl short spells of friendly biodegradable knowledge from my wallet.
Last fortnight was a whirlwind in the economy. The inflation touched a mammoth high, the annual exercise of Budget by the Finmin was tabled, the top B-Schools in the country entered the campus recruitment season and the grand old man of intestine Mr. Alan Greenspan opened his mouth again.
Talking of inflation, the reason is a palpable supply constraint. Too much money is chasing too few goods. The growing demand is exceeding the production capacities. Among other goods, Oil and petroleum is a substantial determinant of how inflation would go. India imports heavily and pays in rupees for it. Now, we do not let the Rupees to appreciate (limited floating), hence we have to pay a lot to import the oil. If Rupee appreciates against the Dollar the imports would become cheaper and the prices of oil can be brought down and hence the inflation too. Having said so its not that simple either. It spells doom for the exports and especially the software companies like Infosys; which are heavily dependent on software and services exports. Infact, it doesn't seem a good year for software companies. After enjoying a tax holiday of about 10 years they have been brought under the ambit of MAT (minimum alternative tax). No doubt the response from Bangalore was meek and gloomy. Meanwhile, the inflation is yet to be tamed.
Much ado about nothing: Alan Greenspan predicted about 33% chance of a global recession. Considering the fact that global economy was overheating after enjoying a 6th consecutive year of recovery, it seemed a correction factor. Stocks across the globe which had started tumbling two days ago .. actually made a comeback today. Greenspan's words couldn't dampen it further.
The reflection in my home: Today IIM Bangalore, one of the premier management institutes in India, saw its Day Zero placements today. It wasn't as rosy as expected in a year when the economy has prolly grown about 9.2 %. Global Investment banks unexpectedly picked up very low numbers. While, back in college, we were discussing the placements in our group, I actually joked "Its a sign of global recession". Hell !!.... Is the recession really down the corner?
Hope not... anyways the panic button has been pressed in my campus, where the campus recruitment season is just a day to go.
Those who get the news from the media would prolly never know the pressure and tension of a gloomy and uncertain future some of the students are facing because by the end of it Management institutions manage to show a big picture which has all the colors in place.
The Agar Media: Management colleges like the one from where I am graduating should actually share the blame for the misquoted statements in newspapers and newschannels. At times, in the hunt of greater glory; the students also gloss the final fugures of campus recruitment and salaries being offered. There is this funny story that figured in one of the leading business newspapers:
"Indian Institute of Management, Calcutta students have been offered salary packages of more than 1 crore (10 million)..................
.............................. In fact, the IIMs in India have come of age as these salaries are about 50% more than the salary figure offered to Harvard and Stanford Graduates".
Eventually, students in these colleges know the missing link. So, a friend of mine called IIM, Cal questioning as to wtf!!!! are these figures. They replied "you started the game".
Yup, the 1st news of more than a Crore salary came out of my campus, which was offered by a leading investment bank. Well, if someone could get the structure of the overall salary being quoted, they could see, it includes a huge chunk as the expected bonus. ...And I talk of a bloated figure .. douche!!!!!
Talking about media, there is another news article which made our jaws drop and made us giggle. Read this : http://www.centralchronicle.com/20070303/0303102.htm.
This college is also among the reputed management colleges in India. Hopefully this press release was not a work of the college officials but the work of an evil genius called press reporter. Look at the spelling mistakes committed : Macancy, Assenger business consultant, Deloty consultancy, Goldman Saches, Duche bank, City group, Alghamin Industries,etc.
(The correction should be-McKinsey, Accenture, Deloitte, Goldman Sachs, Deutsche Bank, Citi, Alghanim). Some of them are the richest banks in the world and lolz imagine if they read the news article.
Last fortnight was a whirlwind in the economy. The inflation touched a mammoth high, the annual exercise of Budget by the Finmin was tabled, the top B-Schools in the country entered the campus recruitment season and the grand old man of intestine Mr. Alan Greenspan opened his mouth again.
Talking of inflation, the reason is a palpable supply constraint. Too much money is chasing too few goods. The growing demand is exceeding the production capacities. Among other goods, Oil and petroleum is a substantial determinant of how inflation would go. India imports heavily and pays in rupees for it. Now, we do not let the Rupees to appreciate (limited floating), hence we have to pay a lot to import the oil. If Rupee appreciates against the Dollar the imports would become cheaper and the prices of oil can be brought down and hence the inflation too. Having said so its not that simple either. It spells doom for the exports and especially the software companies like Infosys; which are heavily dependent on software and services exports. Infact, it doesn't seem a good year for software companies. After enjoying a tax holiday of about 10 years they have been brought under the ambit of MAT (minimum alternative tax). No doubt the response from Bangalore was meek and gloomy. Meanwhile, the inflation is yet to be tamed.
Much ado about nothing: Alan Greenspan predicted about 33% chance of a global recession. Considering the fact that global economy was overheating after enjoying a 6th consecutive year of recovery, it seemed a correction factor. Stocks across the globe which had started tumbling two days ago .. actually made a comeback today. Greenspan's words couldn't dampen it further.
The reflection in my home: Today IIM Bangalore, one of the premier management institutes in India, saw its Day Zero placements today. It wasn't as rosy as expected in a year when the economy has prolly grown about 9.2 %. Global Investment banks unexpectedly picked up very low numbers. While, back in college, we were discussing the placements in our group, I actually joked "Its a sign of global recession". Hell !!.... Is the recession really down the corner?
Hope not... anyways the panic button has been pressed in my campus, where the campus recruitment season is just a day to go.
Those who get the news from the media would prolly never know the pressure and tension of a gloomy and uncertain future some of the students are facing because by the end of it Management institutions manage to show a big picture which has all the colors in place.
The Agar Media: Management colleges like the one from where I am graduating should actually share the blame for the misquoted statements in newspapers and newschannels. At times, in the hunt of greater glory; the students also gloss the final fugures of campus recruitment and salaries being offered. There is this funny story that figured in one of the leading business newspapers:
"Indian Institute of Management, Calcutta students have been offered salary packages of more than 1 crore (10 million)..................
.............................. In fact, the IIMs in India have come of age as these salaries are about 50% more than the salary figure offered to Harvard and Stanford Graduates".
Eventually, students in these colleges know the missing link. So, a friend of mine called IIM, Cal questioning as to wtf!!!! are these figures. They replied "you started the game".
Yup, the 1st news of more than a Crore salary came out of my campus, which was offered by a leading investment bank. Well, if someone could get the structure of the overall salary being quoted, they could see, it includes a huge chunk as the expected bonus. ...And I talk of a bloated figure .. douche!!!!!
Talking about media, there is another news article which made our jaws drop and made us giggle. Read this : http://www.centralchronicle.com/20070303/0303102.htm.
This college is also among the reputed management colleges in India. Hopefully this press release was not a work of the college officials but the work of an evil genius called press reporter. Look at the spelling mistakes committed : Macancy, Assenger business consultant, Deloty consultancy, Goldman Saches, Duche bank, City group, Alghamin Industries,etc.
(The correction should be-McKinsey, Accenture, Deloitte, Goldman Sachs, Deutsche Bank, Citi, Alghanim). Some of them are the richest banks in the world and lolz imagine if they read the news article.
Labels: Business, college, Miscallaneous
by JAY @ 3:29 AM |Show/Add (2) comments|
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Legs tied to the branches, I too 've been hanged upside down
and I could see a room of corpses and closed doors
Smile, as we become a part of Monster's Inc.
U lick my wound, while I lick yours.
Smile, as we become a part of Monster's Inc.
U lick my wound, while I lick yours.
The days of untented innocence is coming to an end. Last few days in college and its a mad rush to get a job. Nites go by discussing jobs, the hype surrounding my college and the pressure it has created on students. Cooked up stories, whimsical journalists have a field day. The salary figures quoted in news papers are largely false. The media attention and public interest has created a spell, where everyone is expected to bag a job which is top paying. These jobs are infact restricted to a certain sector and to a few only. However, ppl are sacrificing their choices and jumping into the job profiles, prolly which, they are not made for. All because they are falling prey to peer pressure.
Last few weeks, I myself witnessed emotionally and professionally testing times.( I woke up to the fact that HR (Human Resource) guys are digging up Orkut Profiles to know about candidates. Orkut has been a genuine social networking site and experiences realistic expression among frnds. In this regard, it is by far more well-behaved than Myspace, Friendster or HI5. But then u can't blame the corporates, when they are hiring people by paying a sum, which is far above the national scene. They can't afford to hire people who gonna dupe them and dump them after a brief stay. Dog eat Dog...Corporate espionage is metamorphosing.
Too bad tho, my orkut scraps don't feed the spying eyes much. It still is a nightmare for me cause half of the scraps are all about "where have u been placed (=got a job)? what about the salaries". If there is an old friend on chat, its the same Q. If its a fone call, its for only one purpose. Anyways, I don't have anything bad, that I need to hide.(In fact, I have a pretty good one.. job I mean
).
Talking of Jobs and readily available foreign exposures, I can't miss mentioning the story of Dildo and Nippo. Both of them got high paying jobs last year and are well placed in England. The story goes... During 1st few months, Dildo used to go out on weekends to clubs and pubs; while Nippo the conservative one wd stay back alone. He would pick a firang (white) chick and ask if she wd like to have a drink with him. Too bad .. no luck here dude. After constant failures, he started checking out eastern Europeans. 1st they wouldn't understand english. When they did, lol.. "no thanks". Dildo didn't get discouraged. He tried approaching Indians living in there. Lol, they won't even listen.
Now, Dildo spends time playing carom with Nippo in weekends.
U don't let ur go life like this. He he he .. so we have our share of fun at the high pressure situation. STD, Tiru me and Rubby have this tournament going on between us.
Last few weeks, I myself witnessed emotionally and professionally testing times.( I woke up to the fact that HR (Human Resource) guys are digging up Orkut Profiles to know about candidates. Orkut has been a genuine social networking site and experiences realistic expression among frnds. In this regard, it is by far more well-behaved than Myspace, Friendster or HI5. But then u can't blame the corporates, when they are hiring people by paying a sum, which is far above the national scene. They can't afford to hire people who gonna dupe them and dump them after a brief stay. Dog eat Dog...Corporate espionage is metamorphosing.
Too bad tho, my orkut scraps don't feed the spying eyes much. It still is a nightmare for me cause half of the scraps are all about "where have u been placed (=got a job)? what about the salaries". If there is an old friend on chat, its the same Q. If its a fone call, its for only one purpose. Anyways, I don't have anything bad, that I need to hide.(In fact, I have a pretty good one.. job I mean
). Talking of Jobs and readily available foreign exposures, I can't miss mentioning the story of Dildo and Nippo. Both of them got high paying jobs last year and are well placed in England. The story goes... During 1st few months, Dildo used to go out on weekends to clubs and pubs; while Nippo the conservative one wd stay back alone. He would pick a firang (white) chick and ask if she wd like to have a drink with him. Too bad .. no luck here dude. After constant failures, he started checking out eastern Europeans. 1st they wouldn't understand english. When they did, lol.. "no thanks". Dildo didn't get discouraged. He tried approaching Indians living in there. Lol, they won't even listen. Now, Dildo spends time playing carom with Nippo in weekends.
U don't let ur go life like this. He he he .. so we have our share of fun at the high pressure situation. STD, Tiru me and Rubby have this tournament going on between us.
Labels: Business, college, fun
by JAY @ 9:55 PM |Show/Add (2) comments|
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This is hardcore. (Yup, not much is here for nubile minds.)
Rated - A
Theme - A hard Days Night
4:15 pm - I had put on my business casual and rushed to CR5. I took the comb in one pocket, so that I could rest the bouncing souls on my head called hair, to rest; while I walked to the CR5. If u are late u have to flush out 250 bucks.
4:30 pm- 5:30pm - the presentation by this company, which claims to be the 2nd largest FMCG in India (pre Gillete-PnG marriage) starts with the display of "uncommon sense", which is their idea of existance.
Well, one good thing they distribute After Shower Cream and a Aftershower Gel.
wierd.
Then, for an hour they go on to pitch in as to how wonderful it is to work in that organization.. I am impresssed.
5:45 pm- I rush to the computer center (I have been playing the Commodity trading game there). I see a slump in the silver and gold prices. I start buying a couple of lots. Soon, there is a news flash in Kitco.com that some funds have started buying Gold. Gold prices start to rise so wht do I do .. I take some short (sell) positions.
No prizes for guessing the bullion prices never go back .. and I start losing money. I decide to go back and sleep.
8:30 pm - I came back to room. and started reading a book "the new world of microenterprise finance". I was supposed to submit a review next morning.
10:00 pm - I couldn't resist sleep. :)
00:30 am - I woke up to reality. Start slipping the pages of the book. fast and furious.
7:00 am - I completed a review of 4000 words. Then, I started another book.
10:10 pm- I finish both the reviews. Rush to Ludo's room. wake him up. Start his comp and fire the print out. y don't they keep their system fast and running. geez. Meanwhile, far-far away from the maddening moments the class where the review was to be submitted has already started.
10:10 am - I enter the classroom with a thumping noise of hands hitting the desks and everyone staring at me.
Mr. Sriram welcomes me in the class."Did u submit both the reviews". I answer by nodding my head in affirmative. "Are u able to walk? (he he he.. my foot) If, u wanna go back and sleep, I will allow you and If u wanna stay, that is possible only in one condition - u have to promise You won't snore".
No Answers.
"I have been Nasty to you"
No Answers. (Nasty. Nasty... Hell ya!! u have been Nasty.)
**FlashBack***
The book review was allotted like a month ago. However, I realized only two days back that the book I was supposed to cover, wasn't available. I was roaming around in a corridor, where I was supposed to be interviewed for a Job that I saw the prof passing by. I informed the prof that I didn't find the particular book and instead picked another by the same author. the prof gave me a mouthful before he realized my neatly pressed suit and asked " Are you going for a job interview?" I said "yes". " Well, then go in a good mood and talk to me in the class next day."
The next day. He asked me to submit reviews on two books. Punishment for bad planning. I had only one day to go.
So I had finished 2 book reviews of 4000 words each in one night. One of the Book was about SBA Loan guarantees to the Bank credits by the federal government and the only thing it discussed was how badly run and managed the whole program was in the early 1950s.
Gladly it was the profs last class and thats my experience with one of the best prof i met was to end.
"Ok, So bye bye for now and all the best for your careers.Its time for me to gossip in our lobby with other teachers." Pause. and stare. ""what do you think only students gossip. Faculty also have their own juices to share. The crime committed on you is an organized one." Wide smile. "Good morning Jay and Bye"
11:15 am - I am back to my room. I check my mail-box and reply to some penis enlargement kit messages.
Oh, when would they stop.
11:45 am - I adorn myself in business casuals again and enter the CR5 (again!!), which adorned itself for a mega cola war. Yes, this time it was Pepsico presentation.
Good thing about them, they distributed us lots of free Pepsi and Mountain dew. Bad thing, I am not very fond of Pepsi products. They made us play a game in four groups named "Pepsi, Aquafina, Tropicana, Fritolay". We were supposed to solve an operation problem for them.
The Fritolay group presented an algorithm to solve their distribution problem and walked away with the prize.
1:30pm - I finished my mountain dew and walked towards the dining hall for Lunch.
2:00 pm- I come back to room. I check the Gold prices and silver prices. They had climbed further up. more losses. I sit back and wait for the prices to go down. They didn't.
5:00pm- I come back to room dejected and open my comp to see a news in www.kitco.com
"Gold prices crash from an all time high because the funds face losses".
A bit too little too late.
Rated - A
Theme - A hard Days Night
4:15 pm - I had put on my business casual and rushed to CR5. I took the comb in one pocket, so that I could rest the bouncing souls on my head called hair, to rest; while I walked to the CR5. If u are late u have to flush out 250 bucks.
4:30 pm- 5:30pm - the presentation by this company, which claims to be the 2nd largest FMCG in India (pre Gillete-PnG marriage) starts with the display of "uncommon sense", which is their idea of existance.
Well, one good thing they distribute After Shower Cream and a Aftershower Gel.
wierd.
Then, for an hour they go on to pitch in as to how wonderful it is to work in that organization.. I am impresssed.
5:45 pm- I rush to the computer center (I have been playing the Commodity trading game there). I see a slump in the silver and gold prices. I start buying a couple of lots. Soon, there is a news flash in Kitco.com that some funds have started buying Gold. Gold prices start to rise so wht do I do .. I take some short (sell) positions.
No prizes for guessing the bullion prices never go back .. and I start losing money. I decide to go back and sleep.
8:30 pm - I came back to room. and started reading a book "the new world of microenterprise finance". I was supposed to submit a review next morning.
10:00 pm - I couldn't resist sleep. :)
00:30 am - I woke up to reality. Start slipping the pages of the book. fast and furious.
7:00 am - I completed a review of 4000 words. Then, I started another book.
10:10 pm- I finish both the reviews. Rush to Ludo's room. wake him up. Start his comp and fire the print out. y don't they keep their system fast and running. geez. Meanwhile, far-far away from the maddening moments the class where the review was to be submitted has already started.
10:10 am - I enter the classroom with a thumping noise of hands hitting the desks and everyone staring at me.
Mr. Sriram welcomes me in the class."Did u submit both the reviews". I answer by nodding my head in affirmative. "Are u able to walk? (he he he.. my foot) If, u wanna go back and sleep, I will allow you and If u wanna stay, that is possible only in one condition - u have to promise You won't snore".
No Answers.
"I have been Nasty to you"
No Answers. (Nasty. Nasty... Hell ya!! u have been Nasty.)
**FlashBack***The book review was allotted like a month ago. However, I realized only two days back that the book I was supposed to cover, wasn't available. I was roaming around in a corridor, where I was supposed to be interviewed for a Job that I saw the prof passing by. I informed the prof that I didn't find the particular book and instead picked another by the same author. the prof gave me a mouthful before he realized my neatly pressed suit and asked " Are you going for a job interview?" I said "yes". " Well, then go in a good mood and talk to me in the class next day."
The next day. He asked me to submit reviews on two books. Punishment for bad planning. I had only one day to go.
So I had finished 2 book reviews of 4000 words each in one night. One of the Book was about SBA Loan guarantees to the Bank credits by the federal government and the only thing it discussed was how badly run and managed the whole program was in the early 1950s.
Gladly it was the profs last class and thats my experience with one of the best prof i met was to end.
"Ok, So bye bye for now and all the best for your careers.Its time for me to gossip in our lobby with other teachers." Pause. and stare. ""what do you think only students gossip. Faculty also have their own juices to share. The crime committed on you is an organized one." Wide smile. "Good morning Jay and Bye"
11:15 am - I am back to my room. I check my mail-box and reply to some penis enlargement kit messages.
Oh, when would they stop.11:45 am - I adorn myself in business casuals again and enter the CR5 (again!!), which adorned itself for a mega cola war. Yes, this time it was Pepsico presentation.
Good thing about them, they distributed us lots of free Pepsi and Mountain dew. Bad thing, I am not very fond of Pepsi products. They made us play a game in four groups named "Pepsi, Aquafina, Tropicana, Fritolay". We were supposed to solve an operation problem for them.
The Fritolay group presented an algorithm to solve their distribution problem and walked away with the prize.
1:30pm - I finished my mountain dew and walked towards the dining hall for Lunch.
2:00 pm- I come back to room. I check the Gold prices and silver prices. They had climbed further up. more losses. I sit back and wait for the prices to go down. They didn't.
5:00pm- I come back to room dejected and open my comp to see a news in www.kitco.com
"Gold prices crash from an all time high because the funds face losses".
A bit too little too late.
Labels: Business, college, Miscallaneous
by JAY @ 1:58 AM |Show/Add (7) comments|
[Hide (7) comments]
.Its been an year since, he had smelled the aroma of the red walls. He had returned to the college as a guest lecturer. Soon, the students realized the master of the ring hasn't lost touch as he flashed his smile and said to his audience"Hi, Pink panther returns."
he pounces like the quintessential beast and sets the stringent rules and says he is adding one exam and an assignment to the curriculum. Looks at the response of the students laughs at them and reinforces while he is here we need to walk on the tight rope.A student tries toenter the class late he looks at him and then looks at the class. ***sigh**.
Then, he says what r u waiting for come one join the class. I understand you Its hard to wake up after 4 pegs during the nite in some1's arm.
"Anyways, since you all love me for the assignments i throw upon ya ; I no more feel comfortable and hence I reduce the work by removing one of the presentations scheduled later in the course."
Sensing the smile amongst his audience he says: "You Know. The good cop bad cop works. You guys indeed should watch the pink panther returns."
Since, removing the presentation allows you all the time to manoeuvre a bit, next week I expect everyone to submit a book review on microfinance.
He again flashes his smile: "good cop bad cop".
____________________________________________________________________________________
Later, Mr. Sriram who has returned to take our Microfinance classes; went on to discuss the Nobel peace prize winners Grameen Bank and how Daniel Pearl was pushed to oblivion.
Yes, the same Daniel Pearl.... Angelina Jolie is making a movie on. The same Daniel Pearl, who was shot to martyrdom by the terrorists in front of media glare somewhere in Pakistan. Nonetheless, a few years back he had put a front page post on Washington Post, about how not everything is right with Grameen. Since, then Grameen Bank has changed a lot and this year they won the Nobel for making a difference in the livelihood of the poor in Bangladesh. Though nowhere they recognize the findings of Daniel Pearl.
by JAY @ 7:57 AM |Show/Add (4) comments|
[Hide (4) comments]
Since my last post...The green Planet has rotated about 16 times, Bush has lived another fortnight to annoy me, Madonna has not bought any new life,Lunaticgal has joined my frustrated blogviewrs,Suga has reappeared,Iqra has changed her blog, my dorm mate still asks me to pick his nose, I have unloaded myself with the sabbatical.. but my typos refuse to go down.
These 10 days been a satisfying work. I completed a project (a business plan), which can work for the upliftment of a tribal area in South Gujarat.Our presentation had put a broad smile on the District Development Officer (an IAS official). His praise, fed my ego a bit more. Well, nothing less but we managed to buy his words that he will act on the plan within 15 days.
It was surprising to find a govt. official so active. It certainly dismantles the myth about the bureaucrats. These people are good, abreast with latest happenings in the corporate world/economy and are eager to get help from consultants from outside(us
). The IAS was young, tech. savvy, influential and keen to get things going. No wonder he won some awards for the best officials. This sums up his mindset:-
"..Gujarat's GDP growth is somewhere around 12-13% (national avg. been around 8-8.5%). We are asked to double the GDP in 5 years. The 1st question that lingered on our mind was.. 5years!!!!.. thats too loooong"
Anyways, I have unwound myself with this effort and now looking to kick the clubs and mates in the chilling winter.
going... oh! wait.. dude.. will u pick my nose.
These 10 days been a satisfying work. I completed a project (a business plan), which can work for the upliftment of a tribal area in South Gujarat.Our presentation had put a broad smile on the District Development Officer (an IAS official). His praise, fed my ego a bit more. Well, nothing less but we managed to buy his words that he will act on the plan within 15 days.
It was surprising to find a govt. official so active. It certainly dismantles the myth about the bureaucrats. These people are good, abreast with latest happenings in the corporate world/economy and are eager to get help from consultants from outside(us
). The IAS was young, tech. savvy, influential and keen to get things going. No wonder he won some awards for the best officials. This sums up his mindset:-"..Gujarat's GDP growth is somewhere around 12-13% (national avg. been around 8-8.5%). We are asked to double the GDP in 5 years. The 1st question that lingered on our mind was.. 5years!!!!.. thats too loooong"
Anyways, I have unwound myself with this effort and now looking to kick the clubs and mates in the chilling winter.
going... oh! wait.. dude.. will u pick my nose.
by JAY @ 5:52 PM |Show/Add (12) comments|
[Hide (12) comments]My sick food has arrived and the look of it gets worse :(. Speaking of food and looking at the observation that down south Slim's uncle and cuz are also suffering from Diarrhoea/Dysentry; I was fondling with the idea that whether Diarrhoea is the gr8 Indian unification symbol apart from Cricket and Bollywood.
Talking of food, I just attended a guest lecture from a Manager in Nestle, the biggest bulliest of them all, in food globally.He threw some insights which were processed in me with the perspective of a despo blogger.
The Point is passion for food and sensitivity towards it cuts across the border but still we are a nation of variety. Thats y we see global brands cant displace local namkins( Haldiram is the lord of the rings.) Lays(Potato chips) had its ups and down ... it is the food of a global Indian who represent less than 10% of India. The pseudo intellectual and a bullcrap population. (Hey!!! the angst may arise from the fact that .. I for most part of my life belonged to something which can be characterized as a "ASPIRING TO BE" Indians.. weird? huh!).. Anyways, did the global Indian knew .. that Lays coming during the summer is of better quality than what comes in winter, which is about 30% darker.(Goddamn!! how wd I know about any Pepsi product... ask Komal, she is the quintessential Pepsi girl). They tried to grow Atlanta potato in India but they failed.
Food and health is a great misnomer in here. What u consider healthy is not the perception. Diet Coke has less than 1% market share. They tried to launch Lays with less fat (gr8 hoopla).. however it failed... (Man !!! Indians cant compromise much on taste).. Those, who were raving about the project ..all those women were ordering extra Samosa. Dude in some part of India .. we still want to see a person of "khate peete ghar ka ladka" (the guy from a well to do family) which in normal terms would mean the guy should not be lean.
Not only that, some of the food items were decreased in quality to streamline it with Indian tastes. Poor thing tho not everything goes with the food MNCs. They try to push quality and health standards. Nestle did a lot of research in Singapore to provide Indians with a non-Maida Maggi .. 'Cause mothers refused to feed kids with those maida containing Maggi. Too bad for Maggi they still don't use Coriander from england cause our coriander doesn't suffice their quality requirements.
If ur wondering what is Maggi.. Its is a packed noodle.
Noodles .. thats the essence of china.. You see while I finish this article, I have another stir in my bowel which makes me think; This diarrhea and Noodles thing can be A great Chinese Conspiracy to render Indians less efficient and non competitive. After all we are the two nations with mind boggling GDP growth figures and yeah Chinese food is something which resembles our food the most.
Labels: Business, Miscallaneous
by JAY @ 2:30 PM |Show/Add (5) comments|
[Hide (5) comments]vasuX 5774chalo: playing tonight ?
jay...Bhooke7721: Yes
vasuX 5774chalo: i will probably be there till 1.30am
jay...Bhooke7721: yes. guess i will be there.By the way was that a Skydiving school u joined ?
vasuX 5774chalo: one has to take a course before jumping solo
jay...Bhooke7721: Oh so u were under training here
vasuX 5774chalo: npe.. this was after i got my license.
jay...Bhooke7721: oh yeah it seemed so... u were a complete pro
vasuX 5774chalo: naaa.. in skydiving .. some one can call themselves a pro probably when they have done about 1000 jumps.
vasuX 5774chalo: i have done only 110
jay...Bhooke7721: 110 Jumps!!!!! yeah.. its a interesting sport. Theory of relativity .. u can call urself .. so .. here in India
:P
vasuX 5774chalo: its not about the jump count.. its skill level.. i will share some professional videos.. u will be surprised what all they can do
jay...Bhooke7721: Oh .. yeah sure
vasuX 5774chalo: check this>\\192.168.240.1\junk\adventure...check 77z.avi to see what skdyving is all about and my_dream is what I am planning to do next.
jay...Bhooke7721:that's kool. oh yeah ur adventure sports
vasuX 5774chalo: yeah.. and this is little too extreme.. the sports at that point where skydiving ends. :)
jay...Bhooke7721: hmm .. ur igniting the interest wthin me :|
vasuX 5774chalo: chalo raat mein milte hain (Ok c ya later tonite)
vasuX 5774chalo:accha.. ek info chahiye(wait, i want an Information)
jay...Bhooke7721: hmmm ok
vasuX 5774chalo: my internship is with unilever and most likely i will be doing a project on developing a market entry strategy for unilever on ethnic foods.. koyi pointers mil sakta hai about this topic ?
jay...Bhooke7721: yup can give u some, we can discuss this tonite.
vasuX 5774chalo: awesome.. ek baar projecct finalize ho jaaye.. (in another 3-4 days) and dwe will dicuss it
jay...Bhooke7721: Every one is doing project on food sector these days ..!!!!!!!!!!!1whats the matter
vasuX 5774chalo: yeh tho majboori hai.. unilever diya hai tho karna hi padega
jay...Bhooke7721:he he he he
vasuX 5774chalo: waise kuch din pahle ham apna international trade ke liye.. global opps for indian agriculture pe kuch kiya that
jay...Bhooke7721: See!!! again agriculture :| and its all global 8-vasuX 5774chalo: waise.. apna analysis ke hisaab .. picture itna rosy nahi nikla.. but agar prof chahta hai rosy banaaye tho we painted a nice pic.. actually it was about organic products markets. and opps for indian agri..
vasuX 5774chalo: india mein bahut fight hai organic farming ka .
jay...Bhooke7721: Organic product isnt the in India.
coz abhi itna food demand hai ki we cant feel the tummy even wth chemical Inputs
vasuX 5774chalo: yes.. i know moroever the other challenges.. like soil / water contaminated with fertilizers.. costsly certifications.. yeh sab bahut janjat waala hai.. typical farmer wouldnt want take this headache
jay...Bhooke7721: yeah true :) cola brands carrying the pesticides
yeah north east mein thida initiative hai .. but not to the level that it can be scaled up
vasuX 5774chalo: yup.. bahut analysis kiya ..aur at the end we had to fudge stories.. ki organic badiya hai karke.. because that is what prof believed :(((
jay...Bhooke7721: lmao!! This is called framing the situation according to the persuadee's will to .. persuade him for better marks
vasuX 5774chalo: aaj ek aur fraud course katam kiya(we finished one more fraud course today).. international business.. wee evaluated pakistan as an opp for FDI and invested several billion dollars and convinced the class and prof that it is indeed a good opp
jay...Bhooke7721: :)))))))
vasuX 5774chalo: and couldnt control laugh when prof comments that it was one of the best reports and presentation :))
jay...Bhooke7721: Risk Analysis Nahin kiya .. it depends on the whims and fancy of the one who rules the army
jay...Bhooke7721: Best report :)) laughing my fucking ass off. LAxmi Mittal 8-| would be proud of u.
vasuX 5774chalo: kiye hai.. idar udar ka fanda lagaaya hai .. jayant verma ka ek case padaaya tha.. how to invest in some god forsaken country jaha pe political instability hai.. saare fundae udar se utaake idarr daala bas :)
vasuX 5774chalo:serious fraudgiri hai
jay...Bhooke7721: he he after all we are the best Institute of fraudgiri :))
vasuX 5774chalo: but the kind of conviction with which we and in general eeveryone, pulls off is amazing
vasuX 5774chalo: yeah wd be a strange feeling when u look at urself at the mirror :|
vasuX 5774chalo: hmm..
vasuX 5774chalo: chalo.. me off to dinner and see u later.
vasuX 5774chalo: btw, what time does the ppt start ?
jay...Bhooke7721:at 9 ....X is also attending ??
vasuX 5774chalo: itna lamba chalegea ?(so long)
vasuX 5774chalo: which company u said.. i forgot.
vasuX 5774chalo: no i may not go some1 else is handling
jay...Bhooke7721: *******
vasuX 5774chalo: may be some RM wll be there to meet them and to give gyan about the batch
jay...Bhooke7721: Arre baap dada waali beaurocratic company hai..... Saare College ke pass outs hain wahan.( Its our dad's company .. filled with alumni)
vasuX 5774chalo: abhi tho its important we create a buzz in the corporate.. isi liye thoda jaake milke aate hai
vasuX 5774chalo: he he he jaroor t will end in an Hour.
vasuX 5774chalo: .. ciao later
jay...Bhooke7721:bye
Labels: Business, college, friends
by JAY @ 10:21 PM |Show/Add (4) comments|
[Hide (4) comments]11:00am .. phone call. I was asleep .. and soon classes were to follow. geez!!!! the phone.
Himanshu : aur kya bol rahen hain laloo ji.. mile ya nahin. (So, what's Laloo saying.. did u meet him or not).
and the phone calls kept pouring for the whole day. This would be the story of each student in the campus.
Laloo is such a phenomenon for media. His rustic image and his funny comments are despised by the so called elite and celebrated by others at the same moment. Whatever u say .. u just cant ignore this guy.Now, he is the Railway Minister and under him the ailing Railways have seen a turnaround in its financial fortunes. There is a case study under Prof. Raghuram on this turnaround. Laluji was called on to share his experience in managing Railways.
I had my classes and only 50 students were allowed into the class room for a healthy discussion to take place(selection: on 1st come 1st basis.) I had missed out on that. Adding to this, there was a 120 page case to be read and presented b4 the faculty and then faculty selected 4 ppts for the D day (too much pain tha yaar!!!!).
The usual story u can listen from all the places I will give some inside the class insights.
In the class room :
(The gal in there is Sachi.. and (in the right pic) there is Ashok(aka chhui mui) and Manish (aka BoBs i call him Boobs).
Lalooji was flanked by two of his Railway officers, who were to deal with technical aspects.
There were too many ppl in the class room. Prof. asked some of them to leave. When they didn't buzz. Prof. asked Lalooji "if they are among the ones who were included in the list to attend".
Laloo: aye!! chalo jao .. bola na. baad mein baat kar lena (hey! go.. i said go. get in touch later.)
some of them were top rung officials in Railways.
discussion continued, presentation, technical stuff on how the unit cost has decreased, is this a turnaround and stuff.
Most intriguing part : Prof. Raghuram's Hindi and Lalooji's interpretation of Raghuram's English.
lmao. Prof. Raghuram ain't proficient in Hindi and Laloo ji is not the most adept in English speaking.
Some Q was asked by Prof. Lalooji obv. didn't understand. He gets up to answer.
Prof R : sir, its ok you can answer from there.
Lalooji : Baith ke bhi koi padhata hai kya. yahan padhane aaye hain. (who teaches .. in standing position.I have come here to teach.)
Lalooji was tucked in those little microphone in his color. Asst: mic is fit. you can speak now.
Lalooji: but where is the mic. (gesturing by holding his hand as if he is holding those big mics on hand while his speaches.)
giggles.
Lalooji says thanks to all .. how gr8 he felt etc and finished by thanking all.
An IAS elbows him consistently (they have been slipping in notes as to what is to be said throughout his speach). Lalooji: "kya hai"
IAS: sir, u forgot the director. Lalooji: " oh haan .. thank you director sahab also"
Quote : I only patted the right people for their work and didn't interfere.
Later, in press conf. someone asked :"sir, had u not been leader what do u think u would have been"
Laloo : "kya bakwaas hai .. leader nahin hote to leader hote" ( bull crap, had i not been leader, i would have been a leader)
journalist: "sir,... but still"
Lalooji: "ye koi sawaal hai. jab main bakri charata tha to leader tha. jab main guy charata tha to leader tha. college mein leader aur ab bhi leader ... aur itne saalon ke baad poochhte ho leader nahin hota to.. Leader hota"
( is this a Q!!!!!, when i used to goad goats and cows i was a leader. I was a leader in college. I am a leader now.. and after so many years u ak me if i wasn't a leader.. I wd have been a leader"
******************************************************************
Later at nite, Dad called.
Dad: " How was your new teacher...we are looking for u in the television"
Jay: " hahahaha"
******************************************************************
here is a vid that someone captured.
Labels: Business, college, Miscallaneous
by JAY @ 11:51 PM |Show/Add (13) comments|
[Hide (13) comments](from - a documentary in our Strategy class about Nick Leeson.)
Nick Leeson ..looks a normal guy who has the wonderful capability to charm the people surrounding him. He is a manager of a Football team, a job he has earned with so much effort.Apart from that he has a book and a royalty from a movie made on that book.
Most likely u willl find this guy delivery what is a "post dinner talk" where he explains
how he duped an age old bank to be sold for 1 pound.
Flshback ...Early 90s....
Nick was an ambitious young man when he moved from Morgan Stanley to Barings Bank ( the oldest merchant bank from England). The oldest bank had a laid back organisational structure. So, they were overly excited to bring back the glory days when Nick Leeson newly moved into thier futures business(Singapore) and showed profits.. But thier faith was toyed with:-
Nick would ask for money from the London office which was passed to him without proper investigation.Nick would say he needed the money for Clients to pay thier margin money to the exchange.He would buy futures on his own (with that money) and hide the losses in a secret account 8888. The auditors cud never detect that there existed such an account which had so much money leaked into it. Nick screwed the software/computer network so that the account was undetected. He would gamble with company's money. Once, he gambled heavily and pulled it off wiping all the previous losses. Then due to a natural calamity the market started to go southwards.. everyone was loosing money. Nick again decided to go against the tide and gamble by buying more futures... this time he asked for more than 800 million pounds. To his own surprise he managed to get it. Howver, he was unable to pull this gamble .. he figured heavy losses which he again hid in the secret account. Stress on him was increasing .. and often he would seek support from his wife, who was too happy with the amount of money that Nick would bring home.
And then he left some note and vanished ... the bell was rung by himself... but prolly it was too late .. by the time company found such heavy losses... it cudnt do anythng to bind it. The company was to be sold.
Barings had illustrious clientele like sultan of brunie.. but he cudnt be contacted on time... England govt. refused to bail it out.. and Barings was sold to ING for one pound.
Nick was sentanced 6 and half years of prison. He was let go aftr 4 yrs cause of good beahviour. He wrote a book "Rouge Trader" for which he recieved heaps of money and then it was made into a movie Nick again recieved a fortune as royalty. He is now a manager of a football club, A job he earned with hard effort cause of his credibilty issues in various attempts.
He delivers a lectures and shows and is interviewed as to HOW HE PULLED IT OFF.
His wife divorced him to marry another trader ( guess
!! she wont miss his money).
Whatta rejuvination after single handedly .. sinking a fortune.
***************************************************************************
Nick's secretary : "Nick was such awesome guy ... dynamic (giggle)... shouting sell ..sell!!!!...... we all wanted to be so famous and popular .. when Nick was caught we were like wow! Mick u made it."
The then CEO :" I donno how he did it. prolly his intentions.. he was too smart..."
Nick :" they were Stupid" (giving him millions wthout enquiring why).
"I thought i will be caught in next 2 days.. but it never happened.. and i grew in confidence".
by JAY @ 6:35 PM |Show/Add (1) comments|
[Hide (1) comments]The 1st week for fuchchas is coming to a tremendous climax... and we are also busy in the whole melodrama.. hence, i didn't have the time to prepare for the retail management class.
The teacher said "whoever hasn't read the case of handleman's music business, can leave the class".
one by one students started leaving.. I didn't..coz I had already missed two classes .. it would have led to shortage of attendance for me..I stayed quite and pondered over the academic dishoensty, immoral and unethical conduct that i just committed.
Surely, I wanted the class to end soon ... so that the agony would end.
..I didnt have much to offer to the class.. the only time my eyes lit up was when the prof. said "what is the difference between metal and rock"... only to dip in dissappointment soon,when he went on to add "...with respect to the inventory turnover and the volume sales in a retail store". ...gosh! not my day.
However, the prof. announced that he is goona leave us early to attend the "FOOD KING " inauguration.
Whoa!!! we were there for the inauguration.. it is a small food joint in the new campus.
After the buzz and little giggles about the fact that today we goona have free food .. we could see Sharad Babu coming with Bakul Dholakia (the director).
As the flames were lighted and the ribbon was cut ,, it was greeted with more cheer and giggles.
Finally, we heard the ring of the bell to leave, when we heard Prof . Raghuram saying "every one will pay"... lmao .. how come sir!!!!!!!!!!!!!.
Yeah but we left with an appreciation and respect in our mind for Sharad Babu .. not just because he has been cherished by media or documentries made on him. Well for a guy from the streets to rise to this level and then declining the peer pressure of a luxuriant life .. chosing to be different and an entrepreneur in the food sector .. should be appreciated. He has started FOOD KING from the campus... thats good. Lets hope FOOD KING gives the McDs and Pizza-Huts a run for thier money.
.. wish ya luck Sharad !!
Labels: Business
by JAY @ 3:05 PM |Show/Add (1) comments|
[Hide (1) comments]Time for correction ... mittal again defied everythng to have his way ... didnt expect this time.. yeah Arcelor decided to merge wth mittal steels.. one big fat marriage this is.
Labels: Business
by JAY @ 5:34 PM |Show/Add (1) comments|
[Hide (1) comments]on our left: richest indian on earth (afta me)... and oporpopor of biggest STEEL GIANT.
on our right: a dubious businessman of russian origin.
prize : ARCELOR , luxemburg the 2nd biggest steel corporate.
blows afta blows: Mittal’s original offer of 18.6 billion euros
ups the ante with 25.8 billion euros.
parapharnalia : govt. meetings and what not.. british indian french .. and half of the bloody europe.
the opponent : no one has heard till now of any moves.
the mood : no one wants the hedgemony of one kingpin in the STEEL INDUSTRY in whole world.
THE RESULT : ARCELOR GOes in bed wth the russian with the blessings of Vladimir Putin.
what that means for poor shareholders: they are goona have less say and arcelor handed its fotune to the will of a wary russian... instead of the more open, candid and better concern for the labor and shareholders, offered by mittal.
THE MORAL OF THE STORY : If u wanna avoid the hangman's noose .... SHOOT URSELF.
Labels: Business
by JAY @ 2:04 PM |Show/Add (1) comments|
[Hide (1) comments]I have not been following much about him and last encountered his name .. while brushing through JACK WELCH'S .."straight from gut"...
..was just waiting for some witty retort from an industry doyen on reservation issue... and it came from him .. lemme hand over the mic to him.
AZIM PREMJI :
I think we should have job reservations in all the fields. I completelyDisclaimer: cannot confirm the resource .. recieved it last nite ..when a guy multicasted on IP MESSENGER.
support the PM and all the politicians for promoting this. Let's start
the reservation with our cricket team. We should have 10 percent
reservation for muslims. 30 percent for OBC, SC/ST like that. Cricket rules
should be modified accordingly. The boundary circle should be reduced
for an SC/ST player. The four hit by an OBC player should be considered
as a six and a six hit by a OBC player should be counted as 8 runs. An
OBC player scoring 60 runs should be declared as a century. We should
influence ICC and make rules so that the pace bowlers like Shoaib Akhtar
should not bowl fast balls to our OBC player. Bowlers should bowl
maximum speed of 80 kilometer per hour to an OBC player. Any delivery above
this speed should be made illegal. Also we should have reservation in
Olympics. In the 100 meters race, an OBC player should be given a gold
medal if he runs 80 meter .
Request : The quote does get a thumps up .. hope he decides to reduce his equity in WIPRO .. :D for some people, eager to invest, can have fun.
Labels: Business, Miscallaneous
by JAY @ 8:29 PM |Show/Add (2) comments|
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Recent Comments
vaibhav
on 1/07/2009 01:55:00 PM
- NMTV Personalities of the year are NMMC SCC Sandeep Naik and commissioner Vijay Nahata
He is young, he is suave, he is tech-savvy and he defies the belief that politicians are a gang of good-for-nothings. Exposed to the world of politics at a young age, the younger son of Thane Guardian Minister Ganesh Naik comes from that breed of educated, young politicians that the nation craves for today. His dynamicity as a leader came to the forefront only after he took over as the Standing Committee Chairman of NMMC.
Read more…
http://sandeepnaik-navimumbai.blogspot.com/2009/01/nmtv-personalities-of-year-are-nmmc-scc.html
- NMTV Personalities of the year are NMMC SCC Sandeep Naik and commissioner Vijay Nahata
on 12/12/2012 11:46:00 AM
- [url=http://ivlkrwnnz.com]MTBdXMzZIlyV[/url] , ZXWXsozDSoO , http://hhmgziigpu.com
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on 4/05/2007 12:55:00 AM
- tilte: cryptic.
intro: no comments
body: even more cryptic
conclusion: aah.
by the way..whts da link b/w Goa, bhojpuri songs and ...campus placements & enterpreneurship?
- tilte: cryptic.
-
on 4/05/2007 06:09:00 PM
- Alright,we heard about the ambitious plans of the others.Looks like a number of Shahrukh Khan's of Swades in the making.I think people like these will someday make this country a good live-able place.
What company are you joining? My brother passed out from LIBA this year and he's joining Citibank in Hyderabad.
- Alright,we heard about the ambitious plans of the others.Looks like a number of Shahrukh Khan's of Swades in the making.I think people like these will someday make this country a good live-able place.
- lizze
on 4/06/2007 07:49:00 AM
- My ego - bigger then I thought - took it as that you looked to me for divine blog inspiration. I would never have thought that you could make it up all by yourself. And it also means that you are not reading my blog before you write your posts *hmpf*
And then you are adding on with your insult that I am becoming an American!! Suing has never been so tempting as now.
- My ego - bigger then I thought - took it as that you looked to me for divine blog inspiration. I would never have thought that you could make it up all by yourself. And it also means that you are not reading my blog before you write your posts *hmpf*
- JAY
on 4/09/2007 11:04:00 AM
- Khushboo.. bingo... There is absolutely no relation. The post is a typical Bollywood legacy.
Yeah .. ISh.. Swades revisted, but not all of them are in it for self less goals. U had a bro?
Lizze...i read ur posts.. umm// actually i need some masala to cook and doesnt necessarily have a grounding in Facts... But anyways all to be americans .. keep denying it (sprays some salt and smiles at lizze)
- Khushboo.. bingo... There is absolutely no relation. The post is a typical Bollywood legacy.
- lunaticgal
on 3/10/2007 09:40:00 AM
- hmmhmmmhmm ?
- JAY
on 3/10/2007 10:43:00 AM
- Luna that means .. Google has collected loads of personal data in its database................ Like what does luna do?.. how many cats luna have?.. when was luna's 1st kiss?.. what is luna's social security number etc etc.. and hence they have taken away ur privacy.. They can use all their network to spy on u .. to control u and thus the whole human kind.
That is google's master plan. Isnt it scary :|.
- Luna that means .. Google has collected loads of personal data in its database................ Like what does luna do?.. how many cats luna have?.. when was luna's 1st kiss?.. what is luna's social security number etc etc.. and hence they have taken away ur privacy.. They can use all their network to spy on u .. to control u and thus the whole human kind.
- lizze
on 3/11/2007 11:30:00 AM
- No new info in this clip for me. There is old pic, from a white board, about google' masterplan
http://www.flickr.com/photo_zoom.gne?id=21470089&size=m
We are ginin' them the info for free .... says a lot about us really ... more then Google.
- No new info in this clip for me. There is old pic, from a white board, about google' masterplan
- JAY
on 3/11/2007 03:41:00 PM
- yeah yeah Lizze .. my know it all ***rolls eyes**.. the clip was not for info but for .. the sleek vid clip made :).
isnt there a chance tht yahoo wd be doing this for long long time.. y accusing only Google :-?
- yeah yeah Lizze .. my know it all ***rolls eyes**.. the clip was not for info but for .. the sleek vid clip made :).
- lizze
on 3/13/2007 05:35:00 AM
- the clip is a good one, I agree and I should have written that.
yahoo is in the shit at the moment and there are lots of rumours it is gonna get bought up. they have, so I have heard, the traffic but are not good enough to make money out of it.
msn are probably worse the google?
- the clip is a good one, I agree and I should have written that.
- JAY
on 3/13/2007 03:35:00 PM
- Oh msn, is true shit... and in the wrong hands .. ppl, u can accuse of anything.
They have had hotmail.. may have loads of data.
- Oh msn, is true shit... and in the wrong hands .. ppl, u can accuse of anything.
- Slim
on 3/14/2007 12:12:00 AM
- Bastards! Now I've got to go somewhere else to cyber. Maybe I'll switch to Yahoo again :-<
- JAY
on 3/14/2007 01:39:00 AM
- Slim.. dont go to yahoo it sucks..
Cyber :-w
- Slim.. dont go to yahoo it sucks..
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on 2/24/2007 09:16:00 PM
- wow dost superb, hahahaha!!! U need more practice to get the right notes, im ur dost, hahah!!!**..***
- JAY
on 2/24/2007 11:26:00 PM
- Ha ha hA .. Thannx Irene...
(u by mistake commented on the wrong post... this comment shd have been for the post above.. AUDIOSLAVED)
- Ha ha hA .. Thannx Irene...
- lizze
on 2/03/2007 11:35:00 AM
- Firstly, I don't like the Beatles ... just so you know :)
And I am a Diet Coke girl so I totally agree with you re Pepsi.
And what, they can't afford to pay the students with proper money for the suggestion that is gonna make them more money? *tsk*
Real case scenarios are great when you are a student, but Pepsi shouldn't take advantage of it.
And as for your Commodity trading, man you need to be crack ... ehhh... blackberry up and keep an eye on the market 24/7 and not let book reviews and classes come in the way.
- Firstly, I don't like the Beatles ... just so you know :)
- lizze
on 2/03/2007 11:37:00 AM
- AND
your post doesn't come up in my RSS reader ... just this:
Battlehardened
| 12:28 by JAY
- AND
- JAY
on 2/03/2007 01:14:00 PM
- yay for u r not a pepsi gal..
boo for u don't like Beatles.
They didn't give us money but they gave some shitty prize to the winner who solved the case.
Oh hell ya !! I need to devote more time in the commodity trade.. [but anyways.. i lost only 2500 bucks rest was contributed by my broker and college's trading club :)].
Ur RSS reader sucks :|
- yay for u r not a pepsi gal..
- lizze
on 2/03/2007 01:53:00 PM
- No, my RSS reader doesn't suck. Don't complain. First you are bullying me a la Jade Goody style to get me to use RSS and the you don't have the right RSS whatever so I can follow your blog.
I'd do with oil instead of gold. Gold usually goes up when it is a new Iraq war starting or similar. Gold is the safe haven when the fin.stats can't tell the future.
I am, of course, don't practice what I preach. Well, actually, I am investing in Russia mutual funds and they are linked up with oil indirectly.
- No, my RSS reader doesn't suck. Don't complain. First you are bullying me a la Jade Goody style to get me to use RSS and the you don't have the right RSS whatever so I can follow your blog.
- JAY
on 2/03/2007 03:17:00 PM
- I was not doing Gold instead of Crude coz it was a Gold mini contract.. so smaller volumes & less exposure. We had a cap on the exposure (Because it was arranged by a third party AND COLLEGE for our sake :( ).. and today the game was closed so had to square off all positions at losses.
I trade only in equities, currently. Russian Mutual funds is a nice idea.. will start my research on them soon.
Lizze everything is dependent on "OIL" :P
and :P If I did a Jade Goody.. on u .. Thank me .. now u can become a failed-actress-turned-star like Shilpa :)
- I was not doing Gold instead of Crude coz it was a Gold mini contract.. so smaller volumes & less exposure. We had a cap on the exposure (Because it was arranged by a third party AND COLLEGE for our sake :( ).. and today the game was closed so had to square off all positions at losses.
- wonderbunny
on 2/04/2007 09:42:00 PM
- A Hard Days Night... hahaha. i haven't been hearing that song for quite some time now. love it though. you got good taste in music. just like the saying "old is gold". ^^
cheers!
- A Hard Days Night... hahaha. i haven't been hearing that song for quite some time now. love it though. you got good taste in music. just like the saying "old is gold". ^^
- JAY
on 2/05/2007 07:05:00 PM
- Hellolz Erlynda.
Yeah. old is gold :) Tell that to Lizze.
- Hellolz Erlynda.
- k-o-m-a-l
on 1/20/2007 02:56:00 PM
- while reading the early paragraphs i got happy to see that u will be in pain :P .. but whatever there's gonna be a lot of pressure on you ... yuppy .. ohh btw ur professor is really witty .. u never said whether the late comer replied back or not :( ..
so jay are u all done with the assignments hee hee !!
and did u finish the work that i gave u hmm hmm
- while reading the early paragraphs i got happy to see that u will be in pain :P .. but whatever there's gonna be a lot of pressure on you ... yuppy .. ohh btw ur professor is really witty .. u never said whether the late comer replied back or not :( ..
- k-o-m-a-l
on 1/21/2007 05:55:00 PM
- oh well i need to know the reason for all the ignorance ... that's why the desperation ...
good u are busy hehe .. stay busy :P
- oh well i need to know the reason for all the ignorance ... that's why the desperation ...
- JAY
on 1/21/2007 09:45:00 PM
- Point is not to find out y is his ignorance.. the point is Ignore the Ignorance and deny the desperation.
I had relatively.. Chill weekend and I only took part in contests and play.So .. bad for ya..woot!.
- Point is not to find out y is his ignorance.. the point is Ignore the Ignorance and deny the desperation.
-
on 10/13/2010 12:48:00 PM
- I think, that you are not right. I can prove it.
- Slim
on 12/17/2006 10:59:00 PM
- Same shit, different day huh?
You went down to a tribal area??? How come they didn't cook you up and eat you? :P
- Same shit, different day huh?
- JAY
on 12/17/2006 11:13:00 PM
- well.. lol .. I am a man without my "toes" now. :(
Jokes apart .. thats the story.. The place Gujaratis call backward and tribal is more advanced than ..the non tribal areas in any other part of the world.
- well.. lol .. I am a man without my "toes" now. :(
-
on 12/17/2006 11:54:00 PM
- dun really un this post le..
but i glad ur back blogging..
but im leaving!! back to hostel, studying...
- dun really un this post le..
- The Snitch
on 12/18/2006 12:14:00 AM
- The Snap thing on your blog is really cool! I tried doing it with my blog too but it's much more complex on Wordpress as you don't get your layout code unless you buy your blog.So you have to go around downloading some plugin and all.Because all that seemed like work,I gave the idea up :P
-
on 12/18/2006 07:18:00 AM
- yay! finally i can comment in someone's blog! why do you have to pick your friend's nose?
- JAY
on 12/18/2006 10:23:00 AM
- Ish, so don't u feel blogger is betta .. than wordpress.
Lunaticgal...I would lose net when i leave my dorm and go back home..
and amenthyst... Good going u r posting again ..I donno i don't wanna pick my frnds nose.. u gotta ask the Q to my frnd..
welll i think he knows it annoys me..and so he persists.
- Ish, so don't u feel blogger is betta .. than wordpress.
- The Snitch
on 12/18/2006 03:14:00 PM
- Not actually,I still like Wordpress's feed stats and help service a lot more than Blogger.
- The Snitch
on 12/19/2006 01:04:00 AM
- With the new year approaching,I was thinking of old days..remember the last 2 years?
- JAY
on 12/19/2006 01:54:00 AM
- abe ek saal na... 2 yrs .. scratches head..
ha ha ha waise i was thinking of that too .. but main thoda busy hoon pata nahin kya kar raha hounga.. and socha arre tere bhi kuchh jawaan frnds ho gaye hinge mujh budhe ke saath ab tu kya manayega :P
- abe ek saal na... 2 yrs .. scratches head..
- The Snitch
on 12/19/2006 06:16:00 PM
- Haha mere koi jawaan friends nahi hain.Aap jaise budhe hi achche hote hain :P
- Suga
on 12/22/2006 11:10:00 PM
- I reappeared?
Dude. I was never gone.
- I reappeared?
- JAY
on 12/23/2006 02:05:00 AM
- ek eh...yup u were ..
in my blog and anyways saw u after long ..
didn't i ?
- ek eh...yup u were ..
-
on 11/24/2006 07:24:00 PM
- Check my comment on previous blog for how to handle that horrible rectal splurge u're still havin'.
Can't these Nestle folks figure out yet that Indians are averse to packaged goods? Doesn't matter how it tastes, if it's cellophane- or otherwise- wrapped, the idea is there must be something artificial or GM (genetically modified) about it, and it's just a hunch, but I can see many an Indian turning up their noses to that notion. What turns up their 'lingam' is another story, though ;-)
- Check my comment on previous blog for how to handle that horrible rectal splurge u're still havin'.
- JAY
on 11/24/2006 07:49:00 PM
- Trigger ... i am sure u must have idea about how to stop the Rectal Flow :P..
Trust me Indians don't have an Idea about GM food ( I have done projects on it :P).
There is another IDEA: "Can u understand the power dynamics of a mother who prepares and enjoys the delight of serving food"(Thats y companies have resorted to not snatch away her pleasure entirely but let half baked packed food which have to be garnished atleast b4 serving.)
What turns up our Lingam .. he he he :-?
- Trigger ... i am sure u must have idea about how to stop the Rectal Flow :P..
- lizze
on 11/26/2006 03:47:00 AM
- hope you are feeling better
- JAY
on 11/26/2006 04:45:00 AM
- yeah thanx lizze I m fine now. I dropped the drugs and ate a tandoori chicken and it worked.
- lizze
on 11/28/2006 12:29:00 AM
- LOL what ever works :)
- Zonerator
on 10/21/2006 10:52:00 PM
- I have a feeling no comments here cos the dialog's too darned long...hehe
...couldn't wrap my head round some of the yarn u spun, mostly the hindi, gibberi stuff...
...do me a favor, JJ, open a new blog for this kinda back-and-forth... somewhere humorless, like Mars, maybe(hehe)?
...damned 'logue almost made me forget...best of luck at the game btw,bro...
- I have a feeling no comments here cos the dialog's too darned long...hehe
- JAY
on 10/22/2006 05:53:00 PM
- Ha ha ha Thanx . Yeah it was meant for the desi janta.
-
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on 9/20/2006 05:06:00 AM
- Jay...After spending 3 hours and 30 minutes reading your post I will rate it 10 out of 10 rupees. That's a perfect score. :)
- JAY
on 9/20/2006 01:48:00 PM
- :|....... lol
- The Snitch
on 9/20/2006 03:05:00 PM
- Lol jay exactly what we expected from Laloo Ju.Seems everyone had fun though.The TV people interviewed some of the students and all of them were like he's so different you just can't miss him.
Lol@Jab guy charaate the tab bhi leader the.
Hey I was trying to find you on TV too.
- Lol jay exactly what we expected from Laloo Ju.Seems everyone had fun though.The TV people interviewed some of the students and all of them were like he's so different you just can't miss him.
- JAY
on 9/20/2006 07:17:00 PM
- I couldn't attend i had different commitments.
- Zonerator
on 9/20/2006 10:13:00 PM
- I must say, Jay, I could just figure out at least 2% of the jokes about Laloo and the student interpreter:-). But apparently your closet cronies did, so that's ok. Seems you admire the ol' man (mushy, mushy!)...
-
on 9/21/2006 09:05:00 AM
- haha lol no politician beats our PM Howard aiight. heres his couple of vids http://www.youtube.com/watch?v=-yt-UBBZ3tw&NR
http://www.youtube.com/watch?v=tSYRKm35-DQ
- haha lol no politician beats our PM Howard aiight. heres his couple of vids http://www.youtube.com/watch?v=-yt-UBBZ3tw&NR
- JAY
on 9/21/2006 02:23:00 PM
- ha ha ha ..
Rove is a complete bastard .. i always find Howard so funny ..
.. But he can't beat Lalooji.
- ha ha ha ..
- Slim
on 9/22/2006 12:36:00 AM
- Did he teach you all the techniques of bribery and dodging the law and buffalo care? :P
- JAY
on 9/22/2006 04:14:00 AM
- Laloo is an Honest guy :|
- Slim
on 9/22/2006 10:13:00 AM
- Politicians and honesty don't go together :P
- The Snitch
on 9/22/2006 07:34:00 PM
- I liked the white thing more than the black thing in the background
-
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on 3/06/2007 03:45:00 PM
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on 7/23/2006 06:10:00 PM
- You had me at fuchchas
-
on 7/23/2006 06:11:00 PM
- I want to eat mittals for breakfast with my pop-tarts
- The Snitch
on 6/03/2006 12:20:00 AM
- Ahh yeah so ultimately Mittal didnt get Arcelor right? Made aa fool outta himself.
- The Snitch
on 6/03/2006 12:14:00 AM
- Lol yeah I've heard of that before.Here's another one on reservation.
Manmohan to Bush:We are sending Indians to the Moon.
Bush:Wow,How many?
Manmohan:A 100 people.25 SC's,25 ST's,25 OBC's,15 politicians,13 handicaps n 2 astronauts..if possible
- Lol yeah I've heard of that before.Here's another one on reservation.
- JAY
on 6/04/2006 12:17:00 PM
- ha ha ha ,, and two 5 women goota be be accomodated..
