Random Musings
Viewing the future - from the past!
Written by Nikhil
"13000+ points isn't a small figure, kid" Rao Uncle exclaimed. Rao uncle is one of those vibrant middle aged men who take enormous interest in dispersing 'gyaan' to 'spring chicken' like me. He voluntarily retired (VRS) as the Deputy General Manager of the Union Bank of India and is currently working as a freelance consultant with some portfolio management firm in Hiranandani Gardens in Powai (Mumbai).
In his usual cheerful mood, he went on, "True, the sensex has spiralled down by 7000 points in the last ten months. When it was climbing up like a dream, I kept wondering - Whatever happened to gravity. During our time, the Sensex was somewhere around 3000 points." I expressed a sense of excitement at that statement. Rao uncle is one of those people who would say 'A dollar in a fund is worth two in a hand'. I started imagining the amount of cash he must have raked in, by now, with his age-old investments.
"You have such a lot of media-help to tell you where to invest, how much to invest, when to invest. The Dot Com boom has given you so many venues to weigh your investment decisions (he was referring to MoneyControl i presume). There are tons of TV channels covering the recent developments in the economy 24x7. We had just DDI and DDII during our time. We were totally dependent on the ET and our broker friends on the market floor to gain information about stocks," he said.
The IT perspective
Written by Nikhil
Indian IT has been abuzz with speculations about its future businesses. A large chunk of IT firms in India are directly or indirectly dependent on the fortunes of the BFSI sector. The past couple of weeks have seen a turtling or a major loss of business/goodwill of a number of major players in the BFSI sector leading top IT experts to sound alarm bells.This was a major cause of concern for India Inc since the Indian IT/ITES sector employs a huge chunk of the nation's population and large scale lay-offs in this sector would have led to a creation of an undesirably large demand for jobs.
Goldman and Morgan have undergone a metamorphosis into Retail banks as per a decision formally announced yesterday. A causal effect of this shall be an increased Fed control over both the iBanks and the resultant array of regulations imposed on them.This news is bound to bring some solace to Indian IT because more regulations would mean an RMC (Rationalization/Modification/Closure) of the existing software backends of Morgan and Goldman and this work shall inevitably be offshored to its existing SI/SSP vendors.
New Refridgerator Breeds
Written by Nikhil
Am sure you have come across one of these. Apparently , they call it the Pepsi refrigerator. Search on google and you get 144000 results pointing to the same. Excuse me if I sound stupid
How does the system work?
The local franchisee of a particular product approaches the shops in the locality asking them sell only their product. The targets of such requests/proposals are shop owners at critical nodes and stages. The created monopolistic chain is lengthened by approaching many more such nodal shopowners.
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