Archive for January, 2009
PwC auditors found guilty- stigma on accounting profession
As reported in ‘The Statesman’ (The first completely customisable news site on the web)
Quote
Two senior auditors of PricewaterhouseCoopers today confessed that they had received heavy amounts to deliberately overlook the fudging process in Satyam at the behest of its former chairman B Ramalinga Raju.
A top official participating in the Satyam probe told The Statesman: [...]
Raju- the greatest magician
…funny joke
Three world famous magicians were in the bar drinking and boasting about their achievements. The first one said,” During my latest show, I made three women from the audience disappear, it was so convincing that their relatives started panicking, no one could find the trick” The second one said, “ Hey, that is nothing, [...]
Captive Audience Network- new outdoor marketing strategy
Last evening I visited my local salon and I was impressed to see that the owner had installed a brand new LCD of LG. The first impression was that he wants to show movie/television shows to the customers to fill the waiting time. To my surprise it was an additional income generating machine. I enquired [...]
Recession impacting the underworld too!
We have heard of corporates resorting to measures like cost control, layoffs, structure rationalisation, etc to fight against global recession. However recession has not even spared the underworld. Underworld, the kingdom of smugglers and dons, unlike in the past, function like a Corporate with various branch offices and administrative offices. They also have managers managing [...]
Costing is so dynamic
Last year banks with good capital (inflated by over priced assets) were scouting for acquisitions and ready to pay any price. RBS paid almost 100 bio to buy ABN Amro. Bank Am paid 50 bio to acquire Merill Lynch in recessionary times (though it required government funding to complete the acquisition). The situtation is so [...]
Kingfisher calender-2009 is here
Hi Guys,
You can visit the following link to view the Kingfisher calender for 2009-
Kingfisher Calender-2009
Get your own Swimsuit Special widget here.
Nursery rhymes revisited- Raju rhymes
Hello friends
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I would like to present to you new generation ‘Raju’ rhymes.
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1) Raju raju the big star
Now I wonder what you are
Up above your profits so high
how could you let your investors die
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Raju Raju the big star
Now I wonder what you are
Cash & Interest balances are so high
Can [...]
"Raju ban gaya 'conman'"….Produced by Satyam Computers
……..Pratik Shah
It was shocking news for the India’s Capital markets when Satyam computers CEO Mr R. Raju released a fraud confession letter at 11 a. m to its Board and to SEBI & Stock Exchanges accepting the responsibility of a corporate fraud carried out by him over the years to the tune of 7000 crores. [...]
