Satyam’s Conspiracy

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post

D.Kalyani, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur


 

In 2009, Satyam scandal came into picture when founder-chairman of Satyam Computers Mr. Ramalinga Raju confessed that the company’s accounts were manipulated. He disclosed Rs.7000 crore of accounting fraud in the balance sheets. He was arrested along with his brother and other convicts by the CID of Andhra Pradesh. The main charge sheet against them ran into 2315 pages and several documents were attached to it which made it a case file of 65000 pages. It was apparent that they formulated a procedure to fudge and fake balance sheet, bank statements and records. This misconduct had caused for cessation of the fourth largest Indian IT firm.

In the special story of The Hindu, it came up with the entire timeline of the scam – from skepticism to final verdict. On April 9, 2015 all 10 accused found guilty and were sentenced to a seven year jail term by a trial court.

This scandal was an unanticipated situation which was a tussle for the whole industry because it raised questions on the accounting practices in India and made Indian IT firm to take measures to reassure top clients about the well versed accounting system at their companies.

In an article of the leading newspaper The Economic Times, has shown that Satyam scam has become a case study for IT and gave lots of lessons for the top Indian IT firms. It also called for better government regulations in the corporate world. This episode also demands for fair and ethical business practices in India. It also raises a question whether enterprise’s only and primary goal is profit making. It so then why they stress on the false objective in the public i.e. its central aim is to maintain a sustainable long term relationship with their stakeholder. It is just a publicity stunt to grab the attention of the investors.

References:

http://www.thehindu.com/specials/timelines/satyam-scandal-who-what-and-when/article7084878.ece

http://indianexpress.com/article/business/business-others/satyam-scam-all-10-accused-including-founder-b-ramalinga-raju-found-guilty/

http://articles.economictimes.indiatimes.com/2015-04-10/news/61018033_1_satyam-verdict-satyam-scandal-satyam-scam

http://timesofindia.indiatimes.com/india/Satyam-scam-case-Raju-and-other-accused-appeal-against-trial-court-judgment/articleshow/46913591.cms

http://www.hindustantimes.com/business-news/satyam-scam-court-to-pronounce-verdict-in-multi-crore-fraud-case-today/article1-1335348.aspx

Advertisements

End of Money Order Era

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Deepak Kumar, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

————————————————————————

India post has quietly discontinued traditional money order service like telegram ending 135 years old legacy. This service was an integral part of India Post since 1880 facilitating pan India door delivery of funds to a payee from over 1.55 lac post offices.

Now we have ways of electronic money order (eMO) and instant money order(iMO) to deliver money. Both the services are much faster, simpler and reliable than traditional one. The iMO system provides instant money order service for amounts ranging from Rs. 1000 to Rs. 50000. Money can be remitted at the designated form by filling a form along with an identity proof. In case of eMO money is paid at the doorstep of a payee from Rs. 1 to Rs. 5000 within a day. This can also be on India Post website.

But for many, especially senior citizens, the end of the traditional money order evoked a sense of nostalgia and to an extent, some sadness as well. Earlier people were having option of sending the money along with messages. So, people were used to send money in marriages like Rs. 11, Rs.21, Rs.51 etc along with congratulatory messages. The new system surely have lost that personal touch.

 

—————————————————————————————————————————————

References

1. The Hindu

2. www.indiapost.gov.in/

 

Quashing of the Article 66A

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Maurice Linekar Carvalho, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

__________________________________________________________________

On the 25th of November the Supreme Court of India struck down the notorious article 66A of the Indian constitution, deeming it as unconstitutional. Article 66A lays the down the guidelines for the freedom of expression. In an article that appeared on the 26th of November in the Indian Express titled, “SC strikes down ‘draconian’ Section 66a”, states that the law was draconian and states the need for its removal.

The bench consisting of Justices J. Chelameswar and Tohintn F.Nariman said ““It is clear that Section 66A arbitrarily, excessively and disproportionately invades the right of free speech and upsets the balance between such right and the reasonable restrictions that may be imposed on such right,” . They stated the definition of an offence was open-ended and vague. The article that appeared in the Indian Express states that “The court pointed out that a penal law would be void on the grounds of vagueness if it failed to define the criminal offence with sufficient definiteness.”

The bench also stated that laws be sufficiently defined that they can be understood by the people of India. The striking off of the article is a landmark judgement in India’s history and is a step in the right direction, however it must be ensured that the right to freedom of speech not be exploited.

NH10 : The terrific ride

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Anjana Jaladi, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

———————————————————————-

‘NH10’, directed by Navdeep Singh, is about a road trip that goes wrong when a young married couple witnesses an honour killing . Meera (Anushka Sharma) and Arjun (Neel Bhoopalam) head out to a weekend getaway on the outskirts of Delhi. At a dhaba on the highway, they witness a group of men (led by Mary Kom’s Darshan Kumaar) savagely attacking a pair of helpless eloping lovers. When Arjun intervenes, their  break quickly takes a dangerous turn.

There are very few characters in this film but each plays their part true to their character. After his role as the loving supporting husband in Mary Kom, Darshan Kumaar manages to bring terror to your hearts with his role of Satbir who places the ‘rules of the caste and gotra system’ even before blood relationships. Deepti Naval, in an unexpected role, plays her character to the Neil tries to do justice to his role and Arjun comes off largely as an egoistical  brat.

Needless to say that the Anushka Sharma pulled off an entire movie. As a corporate urban woman who faces the worse night of her life and struggles to save  her husband, Anushka shows the transition from fear to grit with ease.

Coming to the misses, few twists  aren’t entirely convincing. What are the chances of Meera only encountering people who cannot help? Or of a village so deserted because everyone is busy watching a stage show? Leaving these petty issues everything else feels real.

My Kudos to the movie team for this  unconventional bollywood film. My rating is 4 out of 5.

New Zealand versus South Africa : Mother of all WC semifinals

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Jha Yash Sharad, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

 


 

On 24th March SA and NZ met at Eden Park, Auckland which could easily be regarded as one of the best WC semifinals ever. The balance shifted one way then another. In the end Grant Elliot held his nerve against probably the best bowler of the world currently, Dale Steyn, and helped NZ cross the finishing line.

After electing to bat in a crucial clash, SA decided to bat first, SA lost Amla early and De Kock followed soon. Faf Du Plessis soaked in a bit of pressure and then anchored the SA innings. ABD Villiers once again showed why he is regarded as one of the best batsman of the current generation. Rain stopped play and number of overs were reduced to 43. Miller came and played a cameo that took SA to 281. The revised target for NZ was 298 calculated by D/L method. NZ started their innings with a bang from their skipper McCullum, who scored 59 from 26 balls. Then NZ lost some quick wickets but Grant Elliot and Corey Anderson steadied the ship and took NZ closer to the target. ABD operated with spin of Tahir and Duminy from both ends. The turning point according to me came in the batting powerplay when ABD missed an opportunity to run out Anderson. This tilted the game in the favour of NZ. With 12 required of last over Vettori scored a crucial boundary of Dale Steyn setting the platform for Elliot to score the winning runs. Elliot scored the winning six and NZ celebrated while SA was reduced to tears.

SA is often regarded as the team, who chokes in important knockout games, but according to me SA did not choke; they lost to a better team. In the end it was a great game of cricket, what a thriller!

 

 

Reference:

http://www.cricbuzz.com/cricket-series/cricket-news/71253/tears-of-joy-tears-of-pain

66 A abolished! – Can anything be posted in social media now?

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Akash G, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

————————————————————-

The Supreme Court on Tuesday struck down Section 66A of the Information & Technology Act today after hearing a clutch of petitions challenging it. The case has been closely followed, mostly because of its implications on the freedom of speech. So now let’s see what was the main issue with the 66 A. For that we will first analyse the 66 A act. The act mentions that :- “Any person who sends, by means of a computer resource or a communication device,— Any information that is grossly offensive or has menacing character”. Here there was a problem with the wording. The words “grossly offensive” and “menacing character” were very vague. This was a lot miss used in the personal vendetta. UP alone had 399 cases in 2 years. MP started to keep a check on social media and they were curbbing the freedom of speech of people. 39 cases booked by Azam khan men for expressing anger about his “gunda raj” in UP. People used this to curb the basic freedom of speech of the people. Hence, it was questioned by many of them and this resulted in the striking down this act. So can anything be posted now on social media? No, contentious post may not attract 66a but any content which is obscene, mischief and public disorder will attract the act and will be dealt with a fine and 3 years of imprisonment.

Reference :- The Indian Express 25th March 2015, Wednesday front page news article on 66A. Article

TripHobo

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Varun Jain, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

New kid on the block!!

On 31st March, The Economic Times reported that User generated travel itineraries resource provider, TripHobo, has secured $3 Million in Series B funding led by incoming investor Mayfield and existing investor Kalaari Capital. The funds would be used to primarily invest in R&D, talent acquisition, scaling content and technology integration with the travel ecosystem.
Nikhil Khattau, founding partner commented that, The ambition for Triphobo is to be the central point of the trip planning process by allowing users to plan, optimize and eventually book customized trips by leveraging technology.

The Financial Express noted Mr Praveen Kumar, its chief executive officer commenting that the, Mayfield and Kalaari will bring decades of rich experience in working with and guiding startups across the globe and we’ll definitely benefit from that.

My take on the news is that we are seeing a wave of investment in startups which is encouraging young minds to come up with new ideas into the world of e-commerce. At the same time, it provides the consumers with new and better options  and new opportunities.

Share in start-up pie gets expensive

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

-Isha Kothiyal, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur.


On 30th March, 2015, The Hindu had published a report regarding the new norms to be finalised by June for incentivising start-ups to get listed in the domestic market. The Securities and Exchange Board of India (SEBI) has proposed to provide a separate platform to start-ups in the e-commerce and technology space that will ease the process of raising capital.

On 31st March, 2015, Business Standard reported that SEBI had prescribed a ticket size of ten lakh rupees for individual investors who wished to get listed.” The start up platform will mainly be for institutional investors and other investors will need to have a minimum investment ticket size of 10 lakh rupees. Those investing less than that will not be permitted”, said SEBI chairman U K Sinha.

As per the discussion paper released by Sebi, minimum trading value should be at least 5 lakh rupees and as much as 75 percent of the allotment should be to institutional shareholders. Post IPO lock-in period for start ups would be six months. The companies listed on the main bourse have a lock in period of 3 years. The disclosure requirements and profitability record for start-ups has been relaxed as they are allowed to be loss making, despite being listed. But these are not eligible to be part of NIFTY, SENSEX, etc.

This move will definitely benefit the start up companies in technology and e-commerce space to raise capital easily, thereby, preventing these companies from exploring foreign listing options. High ticket size will ensure that only HNI and institutional investors, who understand these companies well, invest and small investors, who lack a good understanding of such businesses, are discouraged from investing.

 

E-commerce to M-commerce

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Rakesh Ranjan, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur


This is with reference to the article on March 31, 2015 in Business Standard regarding Mobile commerce.

Maximum Selling is possible if we take our product to the most needy crowd .Conventional marketing tools says take your products to the market and see the near by sellers and adjust your price accordingly.During those days people use to take their time and visit the market every and single day. Maximum shopping facilities use to be available outside  the home.People use to have time for the shopping.

Now the shift has happen when the people spent maximum of their time in the internet .They browse each and every single site before they purchase any thing.They see each and every possible ways to reduce the price and get maximum value added to the product.Web technology gets maximum time of the people  .E-commerce is at the boom.People invests time to see each and every single offer they can seek for on the website.Foreign players foresee India as a potential candidate for the E-commerce.

A major challenging decision taken by Flipkart to pull down their web-portal is a result of trending habits of consumer.Consumers spent maximum time in browsing the internet in their mobile .Now The shift of the consumer from web to mobile forced Players to take the decision to go for the app.Few limitations app technology posses which will really hinder this business.Mobile will not provide a much more better space to feel the product .More than two app will slow down the current android mobile.With these limitation if the technical responses will increase then it will be a good decision .