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February 2014

How to get a job at Google !

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How to get a job at Google

Thomas Friedman has written this fascinating piece in  New York Times which Times of India has reproduced today

Wow!

Intellectual Humility….committing a fundamental attribution error…..you need a big ego and a small ego in the same person at the same time….Emergent against Traditional Leadership….that’s willingness to step back and relinquish power to be an effective leader….your degree is not a proxy for your ability to do any job….least important attribute is expertise…

Wow! .

Enjoyed the Entertaining Show of the Mentalist Lior Suchard last evening at NCPA

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Enjoyed the Entertaining Show of the Mentalist Lior Suchard last evening at Tata Theatre  NCPA….reached early for the 4.30 pm extra show and eagerly awaited the beginning with childlike anticipation…was with an even more excited wife and daughter and her friend

He’s a Funny Guy with a great sense of humour and timing…..90 minutes of non stop high octane action…..projected as a mentalist and a supernatural entertainer his act is a combination of tricks ( knew one of them ) and sleight of hand and some mentalist stuff

Good Presentation and Interaction with the audience and it was a  good evening spend post which we had the famous cold coffee at NCPA remembering my Dad who loved Cold Coffee and whose birthday too it was yesterday and he would have been 84 if alive

It was Houseful with Front Row Tickets at Rs 7500 and the last Row at Rs 1000….if you got to go,then go for the Cheaper Tickets !…not worth the first few front Rows Cost !…or better still get invited on their guest list by the organisers…one  show today at 8 pm at St Andrews,Bandra

This is the third time Lior Suchard has come to India and we seem to never get enough of him

Cheers and have a great Sunday

How can BSE explain this apparent Insider Trading today in Uttam Value Steel !?

3 Comments / Controversies, Corporate Governance, Insider Trading, Reflections, SEBI, Sectors, Steel, STOCKS, When the Heart Explodes through the helpless Mind / By

BSE uploaded on their website this favourable Corporate Announcement from Uttam Value Steel at 2.33 pm in the afternoon

________________________________________________________________________________

Corporate Announcement

Scripcode : 500254 Company : Uttam Value

Outcome of Board Meeting 21 Feb 2014 14:33

Uttam Value Steels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 21, 2014, have taken the following decisions:

1. The Board, subject to the approval of the members of the Company and the relevant Stock Exchange / SEBI, has agreed to issue, offer and allot upto 12,90,32,258 equity shares of Rs. 10/- each fully paid up of the Company (the “Allottee Shares”) by way of preferential allotment at a price of Rs. 15.50/- each for an aggregate consideration of upto Rs. 200,00,00,000 (Rupees Two Hundred Crores only) by way of preferential allotment to Strategic Investor namely UD Industrial Holding Pte Limited, Singapore in accordance with SEBI (ICDR) Regulations, 2009 and relevant provisions of Company Law. The Board also considered and approved the draft Notice of Extra Ordinary General Meeting and its procedure in this regard.

2. Convening of Extra Ordinary General Meeting to approve the aforesaid matters.

3. The Scheme of arrangement between Uttam Value Steels Limited (UVSL) and Lloyds Steels Industries Limited (LSIL) which was approved by Audit Committee and Board in their Meeting held on February 11, 2014, wherein the Engineering Division of the Company proposed to be demerged in LSIL has been Postponed / Deferred for the time being.

________________________________________________________________________________

However UttamValue Steel hit the Upper Circuit of 20% at Rs 6.72 at 10.46 am in the morning with most of the Volume of over Three Lakh Shares having taken place inside half an hour around this time against the two week average of just 12000 shares which even includes today’s volume ! ~ Those who sold clearly must have been unaware of the Notice and it’s posting on the BSE website in the afternoon after they sold in the morning  ! 

How can BSE explain what looks like apparent Insider Trading !?….Maybe it needs SEBI’s help to do so ! 

At 10.46 am in the morning Uttam Value Steel hits 20% Rs 6.72 Upper circuit on Friday,February 21,2014 even though BSE uploaded the favourable Corporate Announcement at 2.33 pm in the afternoon ! ~ Insider Trading ?

Either it is clearly Insider Trading by those who knew before hand or got the notice in their hands before it was put up or BSE put it up in the morning itself on their Notice Board in the Stock Exchange Building before uploading it on their website in the afternoon at 2.33 pm  read more

Facebook trumps Google in buying out Whatsapp at US $ 19 billion…and it seems like a bargain !

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Facebook trumps Google in buying out Whatsapp at US $ 19 billion…and it seems like a bargain !

US  $ 19 billion (Rs 118237 crs at US $=Rs 62.23) or thereabouts is also the current Market Capitalisation of ICICI Bank (Rs 118725 crs) or Bharti Airtel (Rs 117685 crs) or even HUL (Rs 120000 crs)……or the combined Market Cap of two Oil Companies,Cairn India (Rs 62250 crs) and Indian Oil (Rs 57850 crs)….or the combined Market Cap of the three PSU OMCs Indian Oil (Rs 57850 crs) ,BPCL ( Rs 25307 crs) and HPCL ( Rs 8189 crs) with Oil India (Rs 26915 crs) thrown in too !

Sharing and reproducing what I just read on a fb post…….

Brian Acton applied for a job in Facebook (2009), but was rejected.

He met Koum and started Whatsapp.

Yesterday Facebook bought Whatsapp for 19 billion dollar (Indian Rupees One lakh eighteen thousand + Crores).

When you create a project that makes a difference is  Valuable and Unique, this is what you end up creating – History!

Some figures regarding FB and WA:
19 billion $ is big money. To understand in Indian perspective…
1 billion = 100 crores = 1,000,000,000
19 billion = 1900 crores = 19,000,000,000
1$ = Rs 62.23
19 billion $ = Rs 1,182,370,000,000
That is 1.18 lakh crore

What can be bought in how much Rs?
1 crore : A flat / luxury car
10 crores : A bungalow
100 crores : 1 village (equivalent real estate)
1000 crores : 10 villages
10000 crores : 100 villages
100000 crores : 1000 villages (a state as big as Bihar, 1 lakh sq km)

It is certainly big money.

WhatsApp has 450 million active users.
450 million = 450,000,000
Acquisition cost = 1,182,370,000,000 Rs
Cost of acquiring 1 customer = Rs 2627/- (42 $)

For just Rs 2627 (42 USD) per user , Facebook has got the following information for 450 million users which includes CXO’s, Heads of states, Politicians, Defence personnel… and also the common man:
1. Name of user
2. Users mobile number
3. His email Id
4. His location
5. Other credentials like mobile model, service provider, etc.
6. His likes and dislikes
7. His religious belief
8. Which political party he supports
9. His profession
10. His hobbies
11. His photographs
12. His health status
13. His financial status
14. His family background
15. ….. And so many other things!

A good deal indeed!

Who & How Harvard Rejects ~ A Stimulating Debate

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Who & How Harvard Rejects ~ A Stimulating Debate

This is a stimulating debate on who and how Harvard Rejects….especially check out the responses and the replies too to these….enjoyed reading the various views,especially a profound statement in the the response of Charles Kulig :

“ Such is the value in death for those things which we struggle so hard to achieve in life.”

He said this of  a Harvard Diploma in a frame at an estate sale of the deceased .It was labelled as thrash by his children !…a bored teenager told him to just take it if he wanted to !

http://www.linkedin.com/today/post/article/20140215175656-17970806-see-who-harvard-business-school-rejected?trk=tod-home-art-list-large_0

Is Harvard the ‘Be It and End It of All’ ?

 

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