DigitisingThoughts » Economy

Market coloru reddu reddu

triplicani — Mon, 12 Dec 2011 10:46:51 +0000

Everything except WPI seems to be falling right now in India. If you are an investor in the stock markets, more doom is being predicted.

As a Gulf based NRI I am happy that I am able to send more money than what I was able to do about six months back thanks to a favourable exchange rate. However, I am also able to notice that the extra money that goes to my home country has lesser value than what it fetched year or two back.

We have a highly respected economist as our Prime Minster but there seems to be no real effort in controlling inflation. And Reserve Bank of India, the Financial Controller for the country, thinks that the only way to control inflation is by raising interest rates.

These thoughts took me to a short humorous piece that I wrote three years back, when we had almost similar situation.

——x——x——-x——-

If only they heeded to advise of elders and “Exercised” caution regularly, they would have lived for some more years. But they were “Banking” too much on “Power” and had little “Healthcare”.

The body looked sound but the internal “Infrastructure” was very bad may be because of “Engineering” faults or “Cellular” problems.

Some even felt that “Biotechnology” could have saved them with the support of data gathered using “Information Technology” which in turn used “Computer Hardware”. They even tried to “Outsource” some of the life support systems and by “Auto”mating some organs but nothing could strengthen and “Cement” the situation. But despite the efforts every “OTHER” thing tried failed.

The “real estate” left behind them are staring at us in our portfolios as strong immovables.

We can only look to buy some “Capital Equipment” to build a nice monument for these departed souls and make a ever burning light with some “OIL” and pass “Gas” looking at the monument.

——x——x——-x——-

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Simple mistake or Larger Consipiracy?

triplicani — Sun, 11 Dec 2011 13:16:10 +0000

There might be a reason why Indian rupee is weakening against the dollar.

Read what three analysts in Kotak Securities found out, which was reported by FirstPost.

Scam 2.0: How $40 bn of exports and FII flows may be fiction

And then, read the cover-up that the Government Export Data was erroneous. So, how much believable are the statistics that Government releases at weekly, monthly, quarterly and annual intervals? Is the inflation number reliable? What about the GDP and IIP numbers to which the stock markets give prime importance?

Bad data? Why $9.4 bn export reporting ‘mistake’ is a scandal

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A Book on Elliott Wave

triplicani — Sat, 24 Sep 2011 08:08:24 +0000

My neighbor and good friend Mr. Ramakrishnan (Ramki – www.wavetimes.com) is a well respected expert on Elliott Wave Theory.

He has been posting his views and analysis on stocks, currencies and commodities in his website http://www.wavetimes.com which has good following.

Recently he decided to transfer his knowledge to millions of stock, commodity and forex traders by writing a book on Elliott Wave Theory that will be simple to understand and easy to apply.

His book, titled, Five Waves to Financial Freedom is published in Electronic form and is available at a very very attractive price of US $ 9.99 on various online bookstores including Amazon and Barnes & Noble. The book in electronic form can be downloaded in about a minute and can be read on PC, Smart Phones and Tablets such as iPad using the ebook reader apps like Kindle.

I strongly recommend this book if you are interested in trading in stocks, commodities or forex. The book is replete with examples of technical charts and annotations and is a must have. The best part is the pricing. I was wondering why Mr. Ramki decided to price this book so cheap @ just US $ 9.99.

I asked him the question and he modestly replied that he wanted the book to be read by many people and so wanted to make it affordable.

At US $ 9.99 its a steal. It is less than what one would spend at a restaurant but can help one earn in tons benefitting from the Elliott Wave theory so simply explained by him.

Click here to buy this wonderful book Five Waves to Financial Freedom @ just US $ 9.99

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Investigators reveal Satyam Fraud methodology

triplicani — Thu, 30 Apr 2009 14:53:28 +0000

In my post dated 7 Jan 2009 titled “Satyam Fraud – Unravelling the Mystery” I had hazarded some guesses on the various ways how the fraud could have been committed and how the auditors could have unearthed such frauds.

Now, the Indian Investigators have revealed the modus operandi of the fraud (inflating revenues). Read below.

Indian investigators disclose how computer systems were subverted to generate false invoices

The Central Bureau of Investigation (CBI) of India has revealed details of the fake invoicing system used by Satyam Computer Services Ltd as part of the US$1 billion-plus fraud that has rocked the company.

Documents released to the general public in India showed how the company’s standard billing systems were subverted to generate ‘false invoices to show inflated sales,’ before its former boss Ramalinga Raju admitted his role in India’s largest ever corporate scandal.

The CBI said it had used cyberforensics to uncover how in-house computer systems were exploited to generate fake invoices.

Regular Satyam bills were created by a computer application called ‘Operational Real Time Management (OPTIMA)’, which creates and maintains information on company projects.
The ‘Satyam Project Repository (SRP)’ system then generates project IDs; there is also an ‘Ontime’ application for entering the hours worked by Satyam employees; and a ‘Project Bill Management System (PBMS)’ for billing. An ‘Invoice Management System (IMS)’ generated the final invoices.

CBI officers have concluded that the scandal involved this system structure being bypassed by the abuse of an emergency ‘Excel Porting’ system, which allows ‘invoices [to] be generated directly in IMS…by porting the data into the IMS.’ This system was subverted by the creation of a user ID called ‘Super User’ with ‘the power to hide/unhide the invoices generated in IMS’.

By ‘logging in a Super User, the accused were hiding some of the invoices that were generated through Excel Porting. Once an invoice is hidden the same will not be visible to the other divisions within the company but will only be visible to the [company’s finance division sales team]‘ concluded the CBI.

The CBI said their inquiries revealed there are 7,561 invoices found hidden in the invoice management system, worth INDRupees 51 billion (US$1.01 billion).

As a result, ‘concerned business circles’ would not be aware of the invoices, which were ‘also not dispatched to the customers’. The note added: ‘Investigation revealed that all the invoices that were hidden using the Super User ID in the IMS server were found to be false and fabricated.’ The value of these fake invoices ‘were shown as receivables in the books of accounts of [Satyam] thereby dishonestly inflating the revenues of the company.’

And there were a lot of these bills. The CBI said their inquiries revealed there are 7,561 invoices found hidden in the invoice management system, worth INDRupees 51 billion (US$1.01 billion). ‘As a result of this analysis, the individuals who have generated and hidden these false and fabricated invoices have been identified,’ said the law enforcement agency.

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ஜெயிக்க போவது யாரு?

triplicani — Sat, 18 Apr 2009 10:07:13 +0000

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