The MTN saga is getting longer and longer and the deal is just not getting through. Earlier, Bharti – MTN deal was ruled out due to deviation of MTN from ‘in – principle’ agreement which is highly unethical for a conglomerate of such magnitude. And now, all of a sudden, Mukesh Ambani has jumped into [...]
Audit's archives
Ambani vs. Ambani – Mukesh Ambani wants to buy ADAG’s flagship company, Rcom
Ranbaxy leaves India to become subsidiary of Japanese Company, Daiichi Sankyo !!
Ranbaxy is no more an Indian company and second biggest drugs company of Japan has acquired 34% stake from Malvinder which makes it the subsidiary of Daiichi Sankyo. I am here not to discuss the economics of deal but truly speaking somewhere at the bottom of my heart, I am not so happy about the [...]
Indian Telcos go big bang on STD tariffs
It started with reduction of STD tariff rates from Rs 2.65 to Rs 1.50 per minute and the war is just not getting over. You say it and it is available in the market, unlimited on net STD calling, unlimited on net local calling, Off net STD calling at 50 paisa, unlimited SMS, unlimited internet [...]
ICICI Bank plays a smart trick – No promotion & No bonus but no attrition too !!
Have you ever seen the Chief of Human Resource coming out and crying loud on no promotion, no bonus, no increment, and no hiring policy of a company? ICICI bank is an exception and is doing this smartly. This policy is serving two purposes for ICICI bank, cutting down employee cost and employee retention. Well! [...]
Virgin Mobile – Branding & Marketing Zarra Hatke !!
What is the value of a brand? Brand can make a company rise to the crescendo from ashes. Brand building exercise is not an easy thing and it takes years for a company to build an image. If the brand has a recall value, you can take leverage of it by making your partner pay [...]
Honeymoon period comes to an end for IT industry in India
Today morning, when I picked up Economic Times, something which was long awaited was there on the front page as headlines – ‘TCS signals hard times, nips staff salaries’. As soon as I read this, I gave a call to one of my engineer friend who is working with TCS and I was amazed to [...]
At last a breather for CFA US Students !!!
Now atleast Indian students can appear for exams which will be conducted outside India. I am so happy !!! A great respite… Notification from CFA US. As you know, because the CFA Program is not registered with the AICTE, CFA Institute has not been accepting CFA Program registrations from within India. Earlier this month, we [...]
Q3 Analyst Call !!!
Q3 results of companies have started coming in. For those who wish to listen to analyst call of Idea Cellular Limited may dial under mentioned digits. The Conference call is being hosted by Citigroup and will be initiated with a short discussion on the Q3 FY’08 results. Dial in Replay number – 022 – 6776 [...]
Saare Zameen Par – Produced, directed & acted by Ambani Brothers!
Yesterday night I received a message from one of my friend on my cell phone which read like this – Latest Blockbuster movie “Saare Zameen Par”, premiere on BSE and NSE, produced, directed and acted by Ambani Brothers! Jokes apart, if such a movie comes out I don’t have the slightest of doubt that it [...]
India’s one lakh car – From Ratan Tata’s dream to reality
When Mr. Ratan Tata expressed his intention for the first time about making a people’s car which would cost just one lakh, his critics mocked at him calling his idea as naïve. They even went to the extent of saying that in a minuscule amount of one lakh, car may be designed with curtains in [...]
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