Tuesday, October 7, 2008
Saturday, October 4, 2008
Wednesday, October 1, 2008
Tuesday, September 30, 2008
RBI says about ICICI bank rumors
RBI Statement on ICICI Bank's Financial Position
There are reports in some sections of the media that based on rumours regarding the
financial strength of ICICI Bank, depositors are withdrawing cash at its ATMs and branches in
some locations.
It is clarified that the ICICI Bank has sufficient liquidity, including in its current account
with the Reserve Bank of India, to meet the requirements of its depositors. The Reserve Bank
of India is monitoring the developments and has arranged to provide adequate cash to ICICI
Bank to meet the demands of its customers at its branches/ ATMs.
The ICICI Bank and its subsidiary banks abroad are well capitalised.
Alpana Killawala
Chief General Manager
Press Release : 2008-2009/412
There are reports in some sections of the media that based on rumours regarding the
financial strength of ICICI Bank, depositors are withdrawing cash at its ATMs and branches in
some locations.
It is clarified that the ICICI Bank has sufficient liquidity, including in its current account
with the Reserve Bank of India, to meet the requirements of its depositors. The Reserve Bank
of India is monitoring the developments and has arranged to provide adequate cash to ICICI
Bank to meet the demands of its customers at its branches/ ATMs.
The ICICI Bank and its subsidiary banks abroad are well capitalised.
Alpana Killawala
Chief General Manager
Press Release : 2008-2009/412
happy durgastami
It is believed that Goddess Durga on her 10 day journey around the earth removes all evil.......May Goddess Durga destroy all evil around you ,within you and fill your life with happiness and prosperity.
Monday, September 29, 2008
smart father in law and quality engineer
A Quality Engineer married an average girl…
After 2 years of tough life with her, finally Engineer got angry and sent a note to father-in-law stating that
'YOUR PRODUCT DOES NOT MEET MY REQUIREMENTS'.
The smart father-in-law replies,
'WARRANTY EXPIRED.... MANUFACTURER NOT RESPONSIBLE'.....
After 2 years of tough life with her, finally Engineer got angry and sent a note to father-in-law stating that
'YOUR PRODUCT DOES NOT MEET MY REQUIREMENTS'.
The smart father-in-law replies,
'WARRANTY EXPIRED.... MANUFACTURER NOT RESPONSIBLE'.....
wife from hell
A police officer pulls over a speeding car. The officer says, 'I clocked you at 80 miles per hour, sir.'
The driver says, 'Gee, officer I had it on cruise control at 60, perhaps your radar gun needs calibrating.'
Not looking up from her knitting the wife says: 'Now don't be silly dear, you know that this car doesn't have cruise control.'
As the officer writes out the ticket, the driver looks at his wife and growls, 'Can't you please keep your mouth shut for once?'
The wife smiles demurely and says 'You should be thankful your radar detector went off when it did.'
As the officer makes out the 2nd ticket for the illegal radar detector unit, the man glowers at his wife and says through clenched teeth,
'Damn it, woman, can't you keep your mouth shut?'
The officer frowns and says, 'And I notice that you're not wearing your seat belt, sir. That's an automatic $75 fine.'
The driver says, 'Yeah, well, you see officer, I had it on, but took it off when you pulled me over so that I could get my license out of my back pocket.'
The wife says, 'Now dear, you know very well that you didn't have your seat belt on. You never wear your seat belt while you're driving.'
And as the police officer is writing out the 3rd ticket the driver turns to his wife and barks, 'WHY DON'T YOU PLEASE SHUT UP???'
The officer looks over at the woman and asks, 'Does your husband always talk to you this way, Ma'am?'
'Only when he's been drinking.’
Sunday, September 28, 2008
Appraisal Letter story
here was a contest in TCS comp. To write a fictional story for 500 words max which would start with the line "On a dark and foggy night, a small figure lay huddled on the railway tracks leading to the Chennai station "
This is what a guy wrote for the contest..... .. and surprisingly, it was judged the best short story! This being the appraisal season, you might want to have a peek in to this... :))
On a dark and foggy night, a small figure lay huddled on the railway tracks leading to the Chennai station. At once I was held back to see someone in that position during midnight with no one around. With curiosity taking the front seat, I went near the body and tried to investigate it. There was blood all over the body which was lying face down. It seemed that a ruthless blow by the last train could have caused the end of this body which seemed to be that of a guy of around my age. Amidst the gory blood flow, I could see a folded white envelope which was fluttering in the midnight wind. Carefully I took the blood stained envelope and was surprised to see the phrase "appraisal letter" on it. With curiosity rising every moment, I wasted no time in opening the envelope to see if I can find some details about the dead guy. The tag around the body's neck and the jazzy appraisal cover gave me the hint that he might be a software engineer.
I opened the envelope to find a shining paper on which the appraisal details where typed in flying colors. Thunders broke into my ears and lightening struck my heart when I saw the appraisal amount of the dead guy!!!!! My God, it was not even, as much as the cost of the letter on which the appraisal details were printed.... My heart poured out for the guy and huge calls were heard inside my mind saying "no wonder, this guy died such a miserable death"... As a fellow worker in the same industry, I thought I should mourn for him for the sake of respect and stood there with a heavy heart thinking of the shock that he would have experienced when his manager had placed the appraisal letter in his hand. I am sure his heart would have stopped and eyes would have gone blank for few seconds looking at the near to nothing increment in his salary.
While I mourned for him, for a second my hands froze to see the employee's name in the appraisal letter...hey, what a strange co-incidence, this guy's name is same as mine, including the initials. This was interesting. With some mental strength, I turned the body upside down and found myself fainted for a second. The guy not only had my name, but also looked exactly like me. Same looks, same built, same name.... it was me who was dead there!!!!!!! ! While I was lost in that shock, I felt someone patting on my shoulders. My heart stopped completely, I could not breathe and sprung in fear to see who was behind...... ... Splash!!! Went the glass of water on my laptop screen as I came out of my wild dream to see my manager standing behind my chair patting on my shoulder saying, "Wake up man! Come to meeting room number two. I have your appraisal letter ready".
This is what a guy wrote for the contest..... .. and surprisingly, it was judged the best short story! This being the appraisal season, you might want to have a peek in to this... :))
On a dark and foggy night, a small figure lay huddled on the railway tracks leading to the Chennai station. At once I was held back to see someone in that position during midnight with no one around. With curiosity taking the front seat, I went near the body and tried to investigate it. There was blood all over the body which was lying face down. It seemed that a ruthless blow by the last train could have caused the end of this body which seemed to be that of a guy of around my age. Amidst the gory blood flow, I could see a folded white envelope which was fluttering in the midnight wind. Carefully I took the blood stained envelope and was surprised to see the phrase "appraisal letter" on it. With curiosity rising every moment, I wasted no time in opening the envelope to see if I can find some details about the dead guy. The tag around the body's neck and the jazzy appraisal cover gave me the hint that he might be a software engineer.
I opened the envelope to find a shining paper on which the appraisal details where typed in flying colors. Thunders broke into my ears and lightening struck my heart when I saw the appraisal amount of the dead guy!!!!! My God, it was not even, as much as the cost of the letter on which the appraisal details were printed.... My heart poured out for the guy and huge calls were heard inside my mind saying "no wonder, this guy died such a miserable death"... As a fellow worker in the same industry, I thought I should mourn for him for the sake of respect and stood there with a heavy heart thinking of the shock that he would have experienced when his manager had placed the appraisal letter in his hand. I am sure his heart would have stopped and eyes would have gone blank for few seconds looking at the near to nothing increment in his salary.
While I mourned for him, for a second my hands froze to see the employee's name in the appraisal letter...hey, what a strange co-incidence, this guy's name is same as mine, including the initials. This was interesting. With some mental strength, I turned the body upside down and found myself fainted for a second. The guy not only had my name, but also looked exactly like me. Same looks, same built, same name.... it was me who was dead there!!!!!!! ! While I was lost in that shock, I felt someone patting on my shoulders. My heart stopped completely, I could not breathe and sprung in fear to see who was behind...... ... Splash!!! Went the glass of water on my laptop screen as I came out of my wild dream to see my manager standing behind my chair patting on my shoulder saying, "Wake up man! Come to meeting room number two. I have your appraisal letter ready".
Friday, September 26, 2008
Thursday, September 25, 2008
Birlasoft weekend recruitment drive
Refer a Friend
HYDERABAD WEEK END RECRUITMENT DRIVE
1 Java Technical leader - with Java, J2EE, Struts, Hibernate, SQL, PL/SQL 6 Years
2 Java Technical Lead - Java Struts EJB Design Pattern A3 6 Years
3 Java Struts Unix PL/SQL 2 Years
4 Java Struts Unix PL/SQL Open Lazlo 2 Years
5 Weblogic Administrator 2 Years
6 UNIX Scripting 2 Years
Please send the resumes to the referral@birlasoft.com – marking a copy to ramarao.kandhi@birlasoft.com with the Following details .
· Name & Employee ID
· Candidate Name
· Skills
· Experience
Wednesday, September 24, 2008
Friday, September 19, 2008
Advice on Buying a flat in Nizampet road and bachupally
Advantages
------------
1.Nizampet road is near to hitech city ie 8-10 kms from hitech city.
2.Many big projects are coming like madhucon mega mall on main road,maytas hill county in bachupally,mostly one indu groups project and some ventures like sadguru vertex.
3.Rents will be high ie u can expect around 7k for a 2bhk.
4.Educational centres like vikas,vignan,gokaraju rangaraju institute,pharam college etc are near by.
5.If IT boom continues then Maytas will have 2 development centres inside matyas hill county.
6.A new metro railway station is coming near it.
7.A 100ft road is being laid
8.they are going to give manjira water.
9.Near to all private and govt buses to different places.
10. If rumors come true metro project may get extended put nizampet centre.
11.untill telangana comes the rates will be stable and if it comes rates may fall down still.
12.Rates are reduced very much once it was around 3000rs/sqft now u can get a good one for 2000rs/sqft.
Disadvantages
--------------
1.You can see many apartments coming without any plan ,no ventlaition etc.
2.If all apartments are completed in time then there will be more flats vacant
3.If IT losses its pace this road loses it shine.
4.dusty area as construction is going on.
5.it may become one more amerpet ..no good for family living.
6.The rates may come down if telangana comes.
7.No proper documents for some apartments constructed.
8.Far from secunderabad railway station.
9.Many builders are struck in the nizampet road,they are not able to sell.
10.Many apartments construction is getting delayed..some dont even deliver in the time they say.
11.if it rains heavily ..then water logging will be there.
12.In future ground water level may go down bcoz of many people constructing apartments.
My option:
If you get a good deal like 2000rs/sqft or below and if bank gives emi free offer till the apartement completes you can take it and see that it is near to matyas hill county or main road as inside the side roads apartemnts doesnt have proper space even for big cars to go.You can take the flat and rent it .
------------
1.Nizampet road is near to hitech city ie 8-10 kms from hitech city.
2.Many big projects are coming like madhucon mega mall on main road,maytas hill county in bachupally,mostly one indu groups project and some ventures like sadguru vertex.
3.Rents will be high ie u can expect around 7k for a 2bhk.
4.Educational centres like vikas,vignan,gokaraju rangaraju institute,pharam college etc are near by.
5.If IT boom continues then Maytas will have 2 development centres inside matyas hill county.
6.A new metro railway station is coming near it.
7.A 100ft road is being laid
8.they are going to give manjira water.
9.Near to all private and govt buses to different places.
10. If rumors come true metro project may get extended put nizampet centre.
11.untill telangana comes the rates will be stable and if it comes rates may fall down still.
12.Rates are reduced very much once it was around 3000rs/sqft now u can get a good one for 2000rs/sqft.
Disadvantages
--------------
1.You can see many apartments coming without any plan ,no ventlaition etc.
2.If all apartments are completed in time then there will be more flats vacant
3.If IT losses its pace this road loses it shine.
4.dusty area as construction is going on.
5.it may become one more amerpet ..no good for family living.
6.The rates may come down if telangana comes.
7.No proper documents for some apartments constructed.
8.Far from secunderabad railway station.
9.Many builders are struck in the nizampet road,they are not able to sell.
10.Many apartments construction is getting delayed..some dont even deliver in the time they say.
11.if it rains heavily ..then water logging will be there.
12.In future ground water level may go down bcoz of many people constructing apartments.
My option:
If you get a good deal like 2000rs/sqft or below and if bank gives emi free offer till the apartement completes you can take it and see that it is near to matyas hill county or main road as inside the side roads apartemnts doesnt have proper space even for big cars to go.You can take the flat and rent it .
Thursday, September 18, 2008
Wednesday, September 17, 2008
Tuesday, September 16, 2008
satyam delays hike
Hyderabad: Satyam Computer Services Ltd, the country’s fourth largest software services firm by revenue, has delayed the payout of annual performance-based salary raises and expects the increases, when they happen, to be smaller than last year’s, as it attempts to ride out a slowdown in the information technology industry.
“Weak market conditions and the corresponding financial outlook is the main reason why things are getting delayed,” said S.V. Krishnan, head of human resources at Hyderabad-based Satyam.
The performance evaluation process, which used to start in April, was delayed and completed only by the first week of July. In previous years, employees had received performance-based raises along with their July pay cheque. Krishnan said the company expects to complete calculating salary increments only by the first week of September.
IT hurts: Satyam chairman B. Ramalinga Raju. ( Madhu Kapparath / Mint)The delay comes in the face of an anticipated slowdown in orders from the US, the biggest market for Indian software firms, where clients are tightening their IT budgets as they weather a credit crunch.
At Satyam, average hikes are expected to be about 11-12% for India-based employees compared with last years’ 16.5-18%, said Krishnan. While the company said it had managed to bring down the attrition rate to 12.6% in the three months to 30 June from 14.9% a year ago, it has slowed hiring as well. Satyam hired 651 employees, including 161 freshers, in the June quarter, its first of fiscal 2009, down from 2,716 (including 1,298 freshers) a year earlier.
Some Satyam employees said while they understand the implications of a weak market, they are unhappy that the management hadn’t kept them informed. “Basic courtesy would be to inform us about such delays,” a Satyam employee who has been with the firm for nearly 10 years said, wishing not to be named. “We were told to expect pay hikes on 14-15 August, and that (date) has already passed.”
Satyam didn’t respond to other questions from Mint. An emailed query hadn’t elicited a response till late Monday.
An analyst said it was unlikely Satyam’s move would increase attrition. “In uncertain times, attrition is normally under control and it has been stable in the past two-three quarters,” said Harit Shah, an equity analyst at Angel Broking Ltd.
Tata Consultancy Services Ltd announced a 10% salary hike for this fiscal, compared with 10-13% in the previous year, while Infosys Technologies Ltd offered a 11-13%increase against 12-15% a year ago. Wipro, which normally announces salary hikes forIndia-based employees in the September quarter, expects raises to be in the range of 8-9%.
“Moderation in wages has started ahead of the industry expectations,” said B.S. Murthy, head of Human Capital Consulting Pvt. Ltd, a Bangalore-based recruitment firm. “The industry was expecting wages to moderate with single- digit hikes in 2010 or 2011.”
Vishwanath Kulkarni contributed to this story.
report from : www.livemint.com
link :http://www.livemint.com/2008/08/19000710/Satyam-delays-hikes-payouts-t.html
“Weak market conditions and the corresponding financial outlook is the main reason why things are getting delayed,” said S.V. Krishnan, head of human resources at Hyderabad-based Satyam.
The performance evaluation process, which used to start in April, was delayed and completed only by the first week of July. In previous years, employees had received performance-based raises along with their July pay cheque. Krishnan said the company expects to complete calculating salary increments only by the first week of September.
IT hurts: Satyam chairman B. Ramalinga Raju. ( Madhu Kapparath / Mint)The delay comes in the face of an anticipated slowdown in orders from the US, the biggest market for Indian software firms, where clients are tightening their IT budgets as they weather a credit crunch.
At Satyam, average hikes are expected to be about 11-12% for India-based employees compared with last years’ 16.5-18%, said Krishnan. While the company said it had managed to bring down the attrition rate to 12.6% in the three months to 30 June from 14.9% a year ago, it has slowed hiring as well. Satyam hired 651 employees, including 161 freshers, in the June quarter, its first of fiscal 2009, down from 2,716 (including 1,298 freshers) a year earlier.
Some Satyam employees said while they understand the implications of a weak market, they are unhappy that the management hadn’t kept them informed. “Basic courtesy would be to inform us about such delays,” a Satyam employee who has been with the firm for nearly 10 years said, wishing not to be named. “We were told to expect pay hikes on 14-15 August, and that (date) has already passed.”
Satyam didn’t respond to other questions from Mint. An emailed query hadn’t elicited a response till late Monday.
An analyst said it was unlikely Satyam’s move would increase attrition. “In uncertain times, attrition is normally under control and it has been stable in the past two-three quarters,” said Harit Shah, an equity analyst at Angel Broking Ltd.
Tata Consultancy Services Ltd announced a 10% salary hike for this fiscal, compared with 10-13% in the previous year, while Infosys Technologies Ltd offered a 11-13%increase against 12-15% a year ago. Wipro, which normally announces salary hikes forIndia-based employees in the September quarter, expects raises to be in the range of 8-9%.
“Moderation in wages has started ahead of the industry expectations,” said B.S. Murthy, head of Human Capital Consulting Pvt. Ltd, a Bangalore-based recruitment firm. “The industry was expecting wages to moderate with single- digit hikes in 2010 or 2011.”
Vishwanath Kulkarni contributed to this story.
report from : www.livemint.com
link :http://www.livemint.com/2008/08/19000710/Satyam-delays-hikes-payouts-t.html
Telugu proverbs in english
All these are Telugu proverbs.
1) Education coming Mind going
2) Sitting, eating mountains melting
3) Marriage coming Vomiting Coming No Waiting
4) Aunty property son-in-law donating
5) Rameswaram going Saneswaram not leaving
6) Smiling lady crying gent don't believe
7) Hands' burning leaves catching
8) Ramayan hearing Rama sita a relation what
9) Jogi Jogi rubbing ash falling
10) Crow baby crow kiss
11) Gents salary ladies age don't ask
12) 100 lies tell do one marriage
13) For jaundice man all looks green
14) Village marriage dogs hurry
15) Reddy coming again starting
16) No wife, No stomach son's name somalingam
The best one
17) Having gone keeping also gone
1) Education coming Mind going
2) Sitting, eating mountains melting
3) Marriage coming Vomiting Coming No Waiting
4) Aunty property son-in-law donating
5) Rameswaram going Saneswaram not leaving
6) Smiling lady crying gent don't believe
7) Hands' burning leaves catching
8) Ramayan hearing Rama sita a relation what
9) Jogi Jogi rubbing ash falling
10) Crow baby crow kiss
11) Gents salary ladies age don't ask
12) 100 lies tell do one marriage
13) For jaundice man all looks green
14) Village marriage dogs hurry
15) Reddy coming again starting
16) No wife, No stomach son's name somalingam
The best one
17) Having gone keeping also gone
Monday, September 15, 2008
Big fall in indian market..
AS US markets collapsed and all the asian markets followed the US market.we can expect the sensex will lose around 800-1000 points today and it may close with loss of 600 points in bse
pick some good shares ..
pick some good shares ..
Sunday, September 14, 2008
Satyam to axe 4500 employees --- is it true?
15 Sep 2008, 0013 hrs IST, Debasmita Ghosh ,TNN | |
| HYDERABAD: Satyam Computers, which has just started giving pink slips to its employees, could potentially downsize its workforce by a whopping 4,500 employees. This translates to a little less than 9% of the 51,000 employees that the company employs. Company sources say 1,500 employees have been put under the performance improvement plan (PIP), euphemism for employees put on watch list and asked to shape up or ship out. Apart from this, 3,000 others have not been given any increment in the last appraisal cycle, thereby indicating that their services are dispensable. "This 1,500 plus 3,000 equals 4,500, which indicates the total number of persons who could be eased out of the company," the source said. On Friday, all employees received an e-mail from the company chief Ramalinga Raju warning them, especially the ones on the bench, to not bunk office and be in their best dress code, failing which they may face strict disciplinary action. Last week, some 400 employees from across different locations were given the pink slip. Sources also indicated that after getting the message many among the 3,000 have also started leaving jobs. But an estimate of the employees who have left is not known. A Satyam spokesperson said: "The bottom 5% of those who have got a bad appraisal are put under PIP and given dummy projects to prove themselves. If they fail they will be shown the door. But some of them marked for PIP said they have been given very little time to come up as winners." However, even as it downsizes, Satyam continues to hire new employees in thousands. Over 40% of them are fresh blood just passing out of college. The spectre of retrenchment is creating panic among employees of the company. "Of the 12 people working in my project, five were suddenly asked to resign, failing which, the company warned, it would fire us. Everything came without warning," said a techie pleading anonymity. | |
| | |
| Source : The Times of India link : http://timesofindia.indiatimes.com/Business/Satyam_to_axe_4500_employees/articleshow/3483165.cms | |
almost married
Two old high school buddies get together at their class reunion. Having not seen each other for many years, the first guy asks, 'How have things been going?'
The second guy, speaking very slowly replied, 'I w..a..s a..l..m..o..s..t m..a..r..r..i..e..d.'
The first guy says in amazement, 'Hey, you don't stutter any more, that's great.'
The second guy replies, 'Y..e..s, I w..e..n..t t..o a d..o..c..t..o..r a..n..d h..e t..o..l..d m..e t..h..a..t i..f I s..p..e..a..k s..l..o..w..l..y I w..i..l..l n..o..t s..t..u..t..t..e..r.'
The first guy congratulates him and then asks, 'What did you mean by you were almost married?'
'W..e..l..l, m..y f..i..a..n..c..e..e a..n..d I w..e..r..e s..i..t..t..i..n..g o..n h..e..r p..o..r..c..h a..n..d t..h..e d..o..g s..t..a..r..t..e..d s..c..r..a..t..c..h..i..n..g h..i..s b..a..c..k, a..n..d s..o I t..o..l..d h..e..r t..h..a..t a..f..t..e..r w..e a..r..e m..a..r..r..i..e..d, s..h..e c..a..n d..o t..h..a..t f..o..r m..e. A..n..d t..h..e..n s..h..e s..l..a..p..p..e..d m..e a..n..d t..h..r..e..w t..h..e .r..i..n..g o..n t..h..e g..r..o..u..n..d.'
'Why would she do that? Wasn't she a romantic type?' asks the first guy.
