IndiaNet Blogs

The two Patils at the central government of India, namely Shivaraj Patil and Pratibha Patil are not performing up to the standards expected.

On one hand Shivraj Patil is failing to stop the terrorist attacks on various Indian cities. The terrorists are striking at will. No progress is being made on the security front.

And then you have Pratibha Patil. Despite being the first woman president of India, so far she has failed to represent the modern dynamic Indian women. In fact her whole conduct of the office seems to be like a some grand aunt running the household.  If you remember the impact created by the previous president Kalaam and the enthusiasm he brought to the young people , Pratibha Patil’s effort pale in comparision. Her most outstanding achievements seem to be feeding samosaas to the likes of Sunita Williams and Abhinav Bhindra.

 Pratibha Patil and Shivraj Patil share another similarity. They both look very stiff. They kind of seem remote and unrelated to people. They both dress like they are living in the 1940s. Shivraj Patil dresses like a Zamindar of old times and Pratibha Patil dresses like a grand mother from the 50s movies. They both are hopelessly out of touch.

 In fact some one like Sharad Pawar from Maharashtra seem more connected to people. Hopefully Shivraj Patil may go soon, but Pratibha Patil will continue her uninspiring regime for four more years.

As the sub prime mortagage mess keeps in the US unfolding every day, the IT industry in India keeps facing tougher prospects. The Insurance, Financial and Banking companies from the US have been outsourcing work to India all these years. But now these companies are going bankrupt, merging, and being acquired. This is causing the business prospects of the IT sector look dim right now.

Not only that, it would take a long time probably at least two years for things to start get better for these IT companies. An example is the bust of the 2001 in US. After the dot com bust of the 2001, many companies simply disappeared from the face of the stock charts. Many companies have yet to reach the 2001 levels. Taking a look at that example, it should be clear that the prospects for the Indian IT companies are not getting better in the short term.

All this could be a good thing for the stock market. It is bringing the uch needed correction. Hopefully the inestors would again start seeing the correlation between the earnings and the stock prices.

The US Dollar to Indian Rupee exchange rate stands at 45 as on September 10 2008.  It is quite a change from the start of this year when the ratio was around 39.  The US economy did not get any better over this period. If anything the US economy got little worse due to the  mortagage crisis.  It may be seem as a good opportunity for Indian outsourcing companies , but it is not. The fact that the US economy continues to go down is bad for the Indian outsourcing companies. A weak US economy means shrinking of  the US economy. That means fewer jobs that need to be outsourced out of US. This may furthur drive down the value of the Rupee.

This would cause the foreign funds to with draw their investments from India. This would cause the Rupee to even go down.  Probably things would find a balance along the way.  The US economy need to find its footing before things get better for the Rupee.  This is a the result of the global market foreces.

Sharat Shroff’s Matthews India Fund performed better than peers during the biggest sell-off in Indian equities in three decades by investing in health care and avoiding oil and gas stocks.

India’s stock market dropped as much as 40 percent from a high on Jan. 8 before regaining ground in the past month.

Matthews India is co-managed by Shroff and Andrew Foster. They’ve stayed away from energy stocks, saying that such companies are vulnerable to global price swings beyond their control.

About 4.7 percent of the fund’s assets are in energy companies, compared with an 18 percent weighting in its benchmark Bombay Stock Exchange 100 Index. The managers held 13 percent of assets in health care, compared with 4.2 percent for its benchmark.

http://seattletimes.nwsource.com/html/businesstechnology/2008149149_bloomfund31.html

Two more reasons two be a proud Indian.  Two more models bringing the count to three.

 Susheel  Kumar won the bronze medal in the Men’s 66kg Freestyle Wrestling event at the 2008 Beijing Olympics.Kumar defeated Leonid Speiridonov of Kazakhstan in the repechage round to win the bronze.

Boxer Vijender Singh will win a medal in the middleweight class, with a 9-4 victory over Carlos Gongora of Ecuador in the quarterfinals.

The clean shaven sikh from Haryana has achieved the golden dream for India at Beijing.  Kudos to Abhinav Bindra. You made India proud.

 India’s Olympic curse has finally been lifted, by the chief executive of a computer game company with a history of back problems, says New York Times.

He is helped by his affluent family so that he could have his own state of the art shooting range at his farm house.

He has proved that With enough resources, it is not out of reach for India to claim medals at Olympics,at least in certain events.

At the 2008 Beijing Olympics, Abhinav Bindra won the gold for the Men’s 10m Air Rifle final after shooting a total of 700.5. He scored 596 (fourth) in the qualifying round and out-scored all other shooters in the finals with a round of 104.5.

This was India’s first individual gold medal at the Olympics, and the first gold in 28 years, since the Men’s Hockey team won the gold at the 1980 Moscow Olympics.

Abhinav Bindra holds an M.B.A. (Masters in Business Administration) from the University of Colorado, US. He is the CEO of Abhinav Futuristics, a PC games peripherals distributor based in Chandigarh

 Bindra’s mother, Babli, told the local CNN affiliate that his win “makes him an even more eligible bachelor” than he already was, but added, “I think it’s a bit too early to talk about him getting married.” First, she said, he should “enjoy his win and when the time comes we’ll talk” about a wedding.

On sunday, 3rd August, 2008, I went to MGBS (Imliban Bus Stand), Hyderabad, to give a send off to my girl friends and her father who were leaving to Tandur (120 Kms from Hyd). My girl wanted to sit on a bench. We both went to sit there and sat for a moment. We heard a very louder sound which made me scared and I thought that’s a bomb. After a while I realized that a running fan fallen on my head. I was badly hurt by the fan but, that’s not a bloody fan.Just a swelling occurred on my head. But, the moment I faced the situation was much horrible than I explained.

Some police officals came to me and asked, anything serious and I said “nothing, but I thought it’s a bomb”. One of the smiling Inspectors saysin Telugu, “Intikelli devudiki mokki kobbarikaaya kottu babu”, which means “after going home, just pray the God and treat him with a coconut”.

Tech giants are using their Indian operations to speed their organizational transformation from a monolithic Western multinational into a globally adaptive organization (GAO).

John Chambers, Cisco’s CEO opened in 2007 the Globalization Center East in Bangalore. Chambers wants 20% of Cisco’s top leadership to be located in Bangalore.

Nokia’s executive board invites all its Indian employees to suggest ways to improve the firm’s products, processes, and even business model.

SAP don’t treat India as merely a low-cost talent supply base or even a lucrative market for their offerings, but a real-life organizational learning lab for testing new operating models that later can be replicated across their global organization.

Navi Radjou on Harvard Business Website :

http://discussionleader.hbsp.com/radjou/2008/07/how-smart-multinationals-use-i-1.html

BALAJI INSTITUTE OF TECHNOLOGY & SCIENCE
Laknepally (V), Narsampet (M), Warangal - 506 331

Dr. A. R. P. Reddy, Chairman
Cell : 9866078586, Email ID : bits.warangal@gmail.com

Dear HR Colleague,

Sub: Inviting HR professionals to undertake campus recruitment at our campus if any
openings exist in your organization.

* * *

Balaji Institute of Technology & Science, Narsampet, popularly known as BITS - Narsampet, Warangal, was established by Maheshwara Educational Society in 2001 at Laknepally, Narsampet in an area of about 54 acres. It is only 30 minutes drive from Warangal Railway Station.

BITS has been known as a reputed technical campus for many years. BITS, from its technical campus, produce suitable professionals to meet your Industrial requirements for Recruitment / Hiring by companies. The professional specializations are :

Engineering : Computer Science - 120 Student Professionals
Electronics & Communication - 120 Student Professionals
Information Technology - 120 Student Professionals
Mechanical Engineering - 60 Student Professionals

Post Graduation : MBA - 60 Student Professionals
MCA - 60 Student Professionals

B.Pharmacy : 60 Student Professionals

Please do contact us whenever you wish to plan to visit our campus for recruiting Engineering & Pharmacy graduates and Post Graduates pertaining to MCA and MBA of 2009 and also 2008 passing outs or for any assistance from our side that we can do / extend in Warangal district.

If companies like yours are interested to recruit freshers by opting Pool - Campus drive we will be able to line-up about 1500 eligible engineering student professionals pertaining to above specializations of 2009 passing outs and also about 1000 eligible professionals of 2008 passing outs from nearby professional colleges to participate in the Pool - Campus drive.

We will be grateful if you could please make refer to other HR friends you know among your circle.

It is our pleasure to await your visit to our campus.

Thanks & Regards,

Vikram Reddy Vaddi
Head, Training & Placement Cell
Balaji Institute of Technology & Science
Narsampet, Dist.Warangal (A.P)
Cell : 99497 85905
Email ID : bitstp_nspt@rediffmail.com
bits.warangal@gmail.com

Seven months after touching the 18,000 level the Indian stock market index SENSEX is down to 13,586. Analysts may attribute the decline to hike in the price of petroleum , global slow down etc, but the fact is that the 18,000 level was not sustainable. It should be recalled that the the SENSEX shot from 12,000 18,000 in a very short span of time in 2007. That created an “irrational exuberance” of sorts. People were talking about SENSEX 25,000 , SENSEX 30,000 etc.  The media fuelled the speculation. Investors seem to have forgotten that the stock prices are linked to the company earnings.

Yes, the hike in price of commodities, and global market conditions have caused the uncertainity in the market. But more importantly the fundamentals seem to have caught-up.

The Reliance Power Limited (RPOL) shares peaked at Rs. 375 in February 08.  Now the share price for RPOL is down to Rs. 138.