tag:blogger.com,1999:blog-3476697039167741089.comments2020-04-11T15:57:26.032+10:00Theta @ 4 Hzsydneymuruganhttp://www.blogger.com/profile/14734974457345095328noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-3476697039167741089.post-77722475481438942362020-04-11T15:57:26.032+10:002020-04-11T15:57:26.032+10:00Wow..very simple and elegantly explained. Wow..very simple and elegantly explained. Anonymoushttps://www.blogger.com/profile/17055194362181108048noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-52379793867320919312015-02-27T14:51:58.530+11:002015-02-27T14:51:58.530+11:00Next to Saddam is Putin. Oil barrels are having ho...Next to Saddam is Putin. Oil barrels are having holes...jeevadarsanhttps://www.blogger.com/profile/14599500352914859392noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-63645820148525428342011-02-06T04:54:49.263+11:002011-02-06T04:54:49.263+11:00This comment has been hidden from the blog.adfishhttps://www.blogger.com/profile/13461545445098292211noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-58512125705637283632010-05-16T04:36:53.751+10:002010-05-16T04:36:53.751+10:00This is true with all bloggers out there and espec...This is true with all bloggers out there and especially with me.adfishhttps://www.blogger.com/profile/13461545445098292211noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-1896380284445055742009-07-09T15:03:08.562+10:002009-07-09T15:03:08.562+10:00i agree with you... a few "dramas" will ...i agree with you... a few "dramas" will unfold soon;) i also commented on your previous post...one among the couch potatoes n burger eaters may be stalking you;) beware!mannadiarhttps://www.blogger.com/profile/11340106779808885366noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-12674009146154339542009-06-21T17:30:32.448+10:002009-06-21T17:30:32.448+10:00dey...i was trying to understand ur tghts from a n...dey...i was trying to understand ur tghts from a non-financial angle, and now i decide tht i need to look more at the financial side of things to gain a better perspective of what you've got here. it is slowly making sense, and i share the same hunch as yours...because the hypothesis is so clear that you need not test it;)<br /><br />a word of caution: watch our for the hitmen assigned by unkl sam:Pmannadiarhttps://www.blogger.com/profile/11340106779808885366noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-79879622305494326892009-06-12T12:00:54.519+10:002009-06-12T12:00:54.519+10:00da excellent insight:-) i really enjoyed it. And y...da excellent insight:-) i really enjoyed it. And your points are v much valid. However count on me, even centuries forth, we would still never be having an inkling of this "nexus myth". Can only hope, the world order changes!!!<br />Once again, great narration and quite thought provoking! Cool work:)mannadiarhttps://www.blogger.com/profile/11340106779808885366noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-54773452547515754282009-03-29T18:21:00.000+11:002009-03-29T18:21:00.000+11:00Hi Murugan, I can see that you are a diehard Chess...Hi Murugan, I can see that you are a diehard Chess enthusiast. I never latched on to this game although I know the basics.<BR/><BR/>Thanks for the comment you left in response to my blog enrty.<BR/><BR/>cheers<BR/><BR/>JayadevAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-83054396209275374732009-03-02T17:35:00.000+11:002009-03-02T17:35:00.000+11:00Thanks for the comments, everyone.Mannadiar, your ...Thanks for the comments, everyone.<BR/><BR/>Mannadiar, your comment stands out!sydneymuruganhttps://www.blogger.com/profile/14734974457345095328noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-31826175268596361542009-03-02T14:15:00.000+11:002009-03-02T14:15:00.000+11:00could some what imagine your feel from moved, to c...could some what imagine your feel from moved, to couple of moves, to motionless!mannadiarhttps://www.blogger.com/profile/11340106779808885366noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-59646139223801658772009-03-02T01:15:00.000+11:002009-03-02T01:15:00.000+11:00Well,your post made me do a quick search on tubie ...Well,your post made me do a quick search on tubie and of course,the results were stunning.Added that particular moment of celluloid brilliance in my orkut favs.<BR/><BR/>--GireeshAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-14346528968912814032009-03-01T17:06:00.000+11:002009-03-01T17:06:00.000+11:00Man, that's unbelievable! This sound more like a f...Man, that's unbelievable! This sound more like a friction than reality, to me.<BR/><BR/>Nice post; finished reading it in a single breath.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-65031569057955068102009-01-28T04:51:00.000+11:002009-01-28T04:51:00.000+11:00The storyline of how the protagonist knew the answ...The storyline of how the protagonist knew the answers, because of many memories that are burning, cold and sweet, is simply superb. But it's the prejudiced image of India, which spreads from the portrayal of the Mumbai underbelly to the doors of the Taj, that makes the movie just another picturisation of the great Indian poverty.Chanduhttps://www.blogger.com/profile/02861161179026057719noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-9279734039748068962009-01-18T19:45:00.000+11:002009-01-18T19:45:00.000+11:00You explained it in plain English! Very cool.You explained it in plain English! Very cool.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-54607151930403524542009-01-12T18:35:00.000+11:002009-01-12T18:35:00.000+11:00Dey, as the protagonist -GK- suggests in the movie...Dey, as the protagonist -GK- suggests in the movie -Newdelhi- to have the first edition print of his own publication carry a unique and sensational news rather than not print at all, you have drawn a parallel, I feel. Good luck!mannadiarhttps://www.blogger.com/profile/11340106779808885366noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-68647540918482126992009-01-10T02:08:00.000+11:002009-01-10T02:08:00.000+11:00Yes Anil, its tough - and risky! Many financial pl...Yes Anil, its tough - and risky! Many financial planners recommend "100-Age" formula for investing. It simply means a 40 year old should only invest up to 60% of his total net worth in equities. Also, weightage of a single scrip in your portfolio should not exceed 10%. This will help in mitigating the risk to an extent.<BR/><BR/>Reagding image of India Inc, yes. In short term. Remember what happened in U.S - post Enron? They introduced SOX (Surbanes-Oxley) Act. As a face saving measure and to boost investor confidence, we may introduce a similar Act.<BR/><BR/>Lets look at FIIs now. For them, India is still an attractive destination. They just cant label India off with this incident. They will have to invest in India to get exceptional returns. But they will be more careful this time, thats all! The real trouble is in listing your ADRs etc in foreign exchanges. There India Inc stand to lose significantly.<BR/><BR/>The only negative I had read about Ramalinga Raju before these incidents happened was that he used to surround himself with incompetent people. Now I think maybe that was intentional and well-planned.<BR/><BR/>These forging etc (we still do not know if thats the case) is a team work. No one person can pull off anything like this!sydneymuruganhttps://www.blogger.com/profile/14734974457345095328noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-29378043795765990912009-01-10T00:12:00.000+11:002009-01-10T00:12:00.000+11:00Let the truth be the ultimate winner, but not the ...Let the truth be the ultimate winner, but not the "Satyam" or Raju & Team who cooked up the books. Being a responsible member of ICAI, I would like to share my bit in this blog. <BR/><BR/>PWC is not a baby or kid of 2-3 year age, even an office assistant who works in any audit office will look for the following details while they support the certification or assurance process.<BR/><BR/>1. Confirmation of bank balance with respect to direct balance confirmation and third party direct confirmation. <BR/>2. All aspects of material nature should be verified and valued with logical supporting and reasonable justifications.<BR/>3. When ever the auditor feels that the independence is questioned, he is having all the rights to deny the reporting or bring it to the notice of the audit committee. <BR/>4. There were independent directors in the board, what these people where doing in the board? Let me not go to independent directors; let us stick this discussion to auditors.<BR/><BR/>Now let us discuss the following:<BR/><BR/>3. I never felt that an amount which runs into millions will not form part of materiality, even though PWC would have felt it from their perspective of audit. <BR/>4. What is the justification for an audit firm of such repute while it spoils the confidence of general public in audited documents?<BR/>5. Most of the clients with whom I had a discussion with respect to auditors, are of the opinion that they are forced to choose one among the BIG 4 auditors, just as a compulsory requirement from their counterparts in other parts of the world? Now let this be a reminder for all those counterparts to ensure that it is the capability of the auditor to act independently and report independently that matters and not the brand of the auditor that matters. <BR/><BR/>6. Independence o the auditor is brutally killed and the big 4 auditor who is suppose to uphold the credibility of the audit community, intentionally molested the same. This cannot be spared.<BR/><BR/>7. LET THE AUDIT COMMUNITY OF INDIA BE ALIVE AND REGISTER YOUR VOICE TO ELIMINATE THESE EVIL FORCES FROM THIS UNIVERSE. <BR/><BR/>8. As my friend rightly put it, this is a thing which even the LeT could not achieve. So even more stringent actions should be considered against this group, let they be related to anyone or part of anyone, even lot of my friends are working in this organisation, but once you spoil the name, you are spoiling the name of the organisation. People who are part of this profession should understand that they are responsible for the credibility of their ellow members also, this ethical value violation cannot be spared<BR/>9. I believe in ICAI, for that if this is not happening, I am ready to surrender my certificate which will not have any credibility before the general public,if the guility is severly punished infront of the public, and should be eliminated from this universe once for all.<BR/><BR/>JIJILAnonymoushttps://www.blogger.com/profile/11616709527501525030noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-26479855147973291802009-01-09T22:27:00.000+11:002009-01-09T22:27:00.000+11:00People were under the impression that audit record...People were under the impression that audit records can be fully trusted while making investment decisions. I am wondering how an II will now evaluate a company before they decide to shell out their millions? Isn't it tough?<BR/><BR/>Do you think that this issue will affect the image of India Inc? And how FIIs look at India Inc in this light?<BR/><BR/>Is it that easy for a company chairman to forge documents like this all by himself? What about the other executives in his team? Or are they part of the play?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-18077252258437854262009-01-09T16:24:00.000+11:002009-01-09T16:24:00.000+11:00Timely article; very logical conclusions. Being a ...Timely article; very logical conclusions. Being a non-finance person, it was hard for me to find answer to the question ``How it all happened?''. You have given good pointers. :)rtnairhttps://www.blogger.com/profile/08197589354258321106noreply@blogger.comtag:blogger.com,1999:blog-3476697039167741089.post-82768428821812616122009-01-09T13:55:00.000+11:002009-01-09T13:55:00.000+11:00Sathyam, Shivam, Sundaram....Welcome to the world ...Sathyam, Shivam, Sundaram....Welcome to the world of Blogging:-)PCVhttps://www.blogger.com/profile/12865190746248266517noreply@blogger.com