US admission Counseling

Admission to US universities is a tough process with lot of effort needed to get all details right. now help is in hand, Get guaranteed admission to a choice of universities without the need for taking up GRE or GMAT. If you want to get in to the top 50 schools in the US, there is a special program as well.

Precal Tutoring from Tutorvista

[caption id="attachment_108" align="alignnone" width="500" caption="precal help from tutorvista tutors will give you expertise in precalculus concepts "]i[/caption]

Nice post for seo beginners http://seog ...

Nice post for seo beginners
http://seogreenhorn.blogspot.com/2009/08/seo-tips-for-beginners.html

Why are companies so rigid, structured, ...

Why are companies so rigid, structured, scared to innovate, afraid of the competition, why do they spend so much time on mundane stuff than innovate, get ahead... Current structure of companies kills innovation, efficiency, makes employees commodities, just being a tool for a narrow vision of its leaders. work differently, innovate faster, network better, enjoy work and see the world becoming a better place. work to make the world a better place, everything will take care of itself.

If need is a for a cheap and big sales f ...

If need is a for a cheap and big sales force, online training is the only way to go. Have a simple product, scale in mind go online. Main advantage of online sales and training ur force can work from home with no Infrastructure costs. It works, execution and planning is the key though.

CSR should not be confused with charity. ...

CSR should not be confused with charity. It is a win-win situation which is a great way to grow a company as well. It is a long term investment. Companies which do CSR without conviction just for the sake of building their brand image end up just advertising and marketing which might be beneficial in the short time but counter productive in the long run.

I am tired of listening to people about ...

I am tired of listening to people about getting a BRANDED MBA, I don't want to be a bottle of Shampoo on the shelf, am a human being and don't want my worth to be decided by a brand!!! Strange what herd mentality does to people..... People grow up forget brands realize your own worth. You want a network join a club, company or a society, you want to learn read books, you want to be branded because you can't do any of the above , Join a B-school.

All Bschools have inflated their placeme ...

All Bschools have inflated their placement figures to push up their average salry figures by a huge margin using techniques which will put to shame the financial wizards who conjured up exotic finance products on wall street. Looking at this It does not make sense to go for an Indian MBA IIM or ISB or any other school if ur current package is more than 5L per annum. If u still want to take the plunge, beware , for 2 years opportunity cost itself would be around 25L given current fee structures!!

Indian B-school Brand Value

Is there anything to an Indian B-school like IIM,IIFT etc than brand value obtained by using a strict admission test!!!! Is it only networking and a slight boost? Is the the way Business ecducation should be?

Should Education be accessible to all... ...

Should Education be accessible to all.... I want to put all courses which are taught at Universities and colleges online in a structured format for a very low fee or for free if some one can sponsor, Like minded people can join me in this endeavor

Going to IIFT , any Bangaloreans or Hyde ...

Going to IIFT , any Bangaloreans or Hyderabadis around doing the same, lets get in touch...

IIM lucknow results link for the previou ...

IIM lucknow results link for the previous batch website down meaning results are being uploaded
http://www.iiml.ac.in/results/pgpfinal.php
keep trying this link till its active

IIFT admits in to the 2009-11 batch ping ...

IIFT admits in to the 2009-11 batch ping me , I have an admit to delhi :)

Tutorvista.com is hiring tutors for math ...

Tutorvista.com is hiring tutors for math, science, chemistry and physics.
Visit www.tutorvista.com/careers to apply or send ur CV to jobs@tutorvista.com

Free math Help

Post any math question as a comment and answer will be given at the earliest for free. No cost to try.Just type in your question or give a link to a site like mediafire if the question can't be type in. Questions can be from Algebra, precalculus, Calculus, Geometry, Probability, STatistics, word problems

India corporate- Ponzi

Lots of Indian corporate balance sheets are made up with fake asset valuations and improper accounting practices. The banks especially I feel will be doing a lot more fudging. No one really knows how NPAs are valued ,whether there are any actual assets or just fictitious balance sheet entries. Hopefully majority of the corporate balance sheets are not ponzi schemes akin Madoff.I

Satyam Scam post your thoughts!!!

"Dont know how many Indian companies have skeletons in their closets"
My Guess: lots

To the Board of Directors,
Satyam Computer Services Ltd. Dear Board Members, It is with deep regret, at tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice:

1. The Balance Sheet carries as of September 30, 2008
* Inflated (non-existent) cash and bank balances of Rs.5,040 crore (as against Rs. 5361 crore reflected in the books)
* An accrued interest of Rs. 376 crore which is non-existent
* An understated liability of Rs. 1,230 crore on account of funds arranged by me
* An over stated debtors position of Rs. 490 crore (as against Rs. 2651 [cr.] reflected in the books)
2. For the September quarter (02) we reported a revenue of Rs.2,700 crore and an operating margin of Rs. 649 crore (24% Of revenues) as against the actual revenues of Rs. 2,112 crore and an actual operating margin of Rs. 61 Crore ( 3% of revenues). This has resulted in artificial, cash and bank balances going up by Rs. 588 crore in Q2 alone.

The gap in the Balance Sheet has arisen purely on account of inflated profits over a period of last several years (limited only to Satyam standalone, books of subsidiaries reflecting true performance). What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions as the size of company operations grew significantly (annualized revenue run rate of Rs. 11,276 crore in the September quarter, 2008 and official reserves of Rs. 8,392 crore). The differential in the real profits and the one reflected in the books was further accentuated by the fact that the company had to carry additional resources and assets to justify higher level of operations — thereby significantly increasing the costs.

Every attempt made to eliminate the gap failed. As the promoters held a small percentage of equity, the concern was that poor performance would result in a take-over; thereby exposing the gap. It was like riding a tiger, not knowing how to get off without being eaten.

The aborted Maytas acquisition deal was the last attempt to fill the fictitious assets with real ones. Maytas’ investors were convinced that this is a good divestment opportunity and a strategic fit. Once Satyam’s problem was solved, it was hoped that Maytas’ payments can be delayed. But that was not to be. What followed in the last several days is common knowledge.

I would like the Board to know:

1. That neither myself, nor the Managing Director (including our spouses) sold any shares in the last eight years — excepting for a small proportion declared and sold for philanthropic purposes.

2. That in the last two years a net amount of Rs. 1,230 crore was arranged to Satyam (not reflected in the books of Satyam) to keep the operations going by resorting to pledging all the promoter shares and raising funds from known sources by giving all kinds of assurances (Statement enclosed, only to the members of the board). Significant dividend payments, acquisitions, capital expenditure to provide for growth did not help matters. Every attempt was made to keep the wheel moving and to ensure prompt payment of salaries to the associates. The last straw was the selling of most of the pledged share[s] by the lenders on account of margin triggers.

3. That neither me, nor the Managing Director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results.

4. None of the board members, past or present, had any knowledge of the situation in which the company is placed. Even business leaders and senior executives in the company, such as, Ram Mynampati, Subu D, T.R. Anand, Keshab Panda, Virender Agarwal, A.S. Murthy, Han T, SV Krishnan, Vijay Prasad, Manish Mehta, Murali V. Sriram Papani, Kavale, Joe Lagioia, Ravindra Penumetsa, Jayaraman and Prabhakar Gupta are unaware of the real situation as against the books of accounts. None of my or Managing Director’s immediate or extended family members has any idea about these issues.

Having put these facts before you, I leave it to the wisdom of the board to take the matters forward. However, I am also taking the liberty to recommend the following steps:

1. A Task Force has been formed in the last few days to address the situation arising but of the failed Maytas acquisition attempt. This consists of some of the most accomplished leaders of Satyam; Subu D, T.R. Anand, Keshab Panda and Virender Agarwal , representing business functions; and A.S. Murthy, Han T and Murali V representing support functions. I suggest that Ram Mynampàti be made the Chairman of this Task Force to immediately address some of the operational matters on hand. Ram can also act as an interim CEO reporting to the board.

2. Merrill Lynch can be entrusted with the task of quickly exploring some Merger opportunities.

3. You may have a testatement of accounts’ prepared by the auditors in light of the facts that.I have placed before you.

I have promoted and have been associated with Satyam for well over twenty years now I have seen it grow from few people to 53,000 people, with 185 Fortune 500 companies as customers and operations in 66 countries. Satyam has established an excellent leadership and competency base at all levels. I sincerely apologize to all Satyamites and stakeholders, who have made Satyam a special organization, for the current situation. I am confident they will stand by the company in this hour of crisis.

In light of the above, I fervently appeal to the board to hold together to take some important steps Mr T R Prasad is well placed to mobilize support from the government at this crucial time. With the hope that members of the Task Force arid the financial advisor, Merrill Lynch (now Bank of America) will stand by the company at this crucial hour, I am marking copies of this statement to them as well.

Under the circumstances, I am tendering my resignation as the chairman of Satyam and shall continue in this position only till such time the current board is expanded. My continuance is just to ensure enhancement of the board over the next several days or as early as possible.

I am now prepared to subject myself to the laws of the land and face consequences thereof.

(B. Ramalinga Raju)
Copies marked to:
1. Chairman SEBI
2. Stock Exchanges