Black wednesday

Dear Readers,

In British politics and economics, Black Wednesday refers to 16 September 1992 when the Conservative government was forced to withdraw the pound from the European Exchange Rate Mechanism (ERM) due to pressure by currency speculators—most notably George Soros who made over US$1 billion from this speculation. In 1997 the UK Treasury estimated the cost of Black Wednesday at £3.4 billion. If u see the Indian Stock market, You can find the black monday or black friday. The reason is only the crashing of market. Aprart from stock market and currency speculation I want to add something and that is "Liferupt". 25th march2008, wednesday, when someone become Liferupt. I can't explain in broader sense. Everything was finishedoff and the rest is history...........................................................................................

Citigroup's loss equals that of all Indian banks

It's probably the price of being the largest that in the ongoing slump across global bourses, the market value lost by the world's biggest bank Citigroup, run by India-born Vikram Pandit, so far in 2008 is equal to the loss sufferred by all the Indian banks together.
But, despite this huge loss of close to 43 billion dollars, the US banking behemoth is still valued more than all the Indian banks taken together.
The market capitalisation of Citigroup has dropped by 26.63 per cent since the beginning of the current calendar year, making it the worst performer among the top 30 blue-chips in the US that constitute the benchmark Dow Jones Industrial Average (DJIA) index in the American equity market.
The percentage loss in Citigroup's market cap is lower than that of Bombay Stock Exchange's banking sector index Bankex as well as a number of Indian banks in the same period.
However, owing to the larger market value of the US banking giant, the absolute loss is equivalent to the collective loss sufferred by all the 18 banks present on the BSE Bankex index.
Citigroup, which has been among the worst affected from the US subprime crisis, has seen its market value getting eroded by close to 43 billion dollars since the beginning of the current year. A similar loss has been recorded by the 18 Indian banks during the same period.
While Citigroup's market value has dropped from about 161 billion dollars at the end of 2007 to 118 billion dollars at present, that of the 18 Bankex companies has dropped from about Rs 5,35,960 crore (136 billion dollars) to close to Rs 3,64,522 crore (about 92 billion dollars).

"The ideas are priceless"

An entrepreneur is a person who has possession over a new enterprise or venture and assumes full accountability for the inherent risks and the outcome. Busniess can be in large scale or small scale but he or she must have a capacity to take risk. For me the other name of business is "risk". I always heard that every individual or company must grab the opportunity. Dont miss the opportunity otherwise you can lose anything "Life". But i have differnet mindset. My think tank will never allow this. Now you are thinking why i am saying? Because according to me " An entrepreneur must craete the oppurtunity and then grab by themselves. This will be the funda of my business." opportunites dont always knock at your door" ........

Who Says the world is flat?

The challenge that global inequality poses for managing globalization so that it works for the developing world. I argues that inequality matters to people. Moreover, in developing countries, where markets and politics are far-from-perfect, inequality can be destructive, reducing prospects for growth, poverty reduction, and good government. It is a fundamental problem of globalization--that it is asymmetric, i.e. that it benefits the rich more than the poor, both within and across countries. The world is not flat as argued by "New York Times columnist Thomas Friedman". Rather, what appears to be a level playing field to people on the surface is actually a field full of craters in which poor people and poor countries are stuck. The implications of these craters for shared prosperity, global security, and global social justice. The core problem: We have a global economy but no effective global polity. You can see in your life that everyday, everything is not same. Nothing is 100%. No one is perfect. Therefore worls is not flat.

White Noise

Why do [some] people struggling for an income end up using an expensive check cashing service when the bank right next door will let them have a checking account for free?
Why do [some] students spend an hour fighting about their homework instead of ten minutes just doing it?
Why do customers fall for slick come ons or fancy financing instead of buying what's best for them?
Why is it so easy to fool voters with patently false accusations?
Why do some people turn a routine traffic stop into a life-endangering argument with the cop?
Why can't worthy charities (with dreary stories) raise more money than they do?
I think in every case the answer is the same: Internal noise. [I got a few notes about check cashing services, by the way. In many cities, there are banks that have sensible policies for low income customers, and most jobs that use a payroll service like ADP offer direct deposit. The combination would save a large number of people a lot of time and money, and my point isn't that there are enough financial services available to the less fortunate (there aren't) but that if it weren't for a fear of banks, plenty more people would take advantage of the services that are available. Rs 250 a week for check cashing might account for 30% of someone's disposal income, which is a sin.

My friend Chetan was on a plane once and his seatmate kept looking at him. He finally said, "Is the noise inside my head bothering you?"
Just about everyone has noise inside their head. It's a noise that keeps them from being rational, that forces them to avoid the simple truths sometimes, that makes them unable to take a shortcut when a long (more emotional one) is available. If you as a marketer(/fundraiser/teacher/blogger/salesperson/parent) are assuming that all the citizens in your audience have genius level, you're almost certainly making a mistake and you're paying for it every day.

Silent ... Noise in Red Sea

Dear Readers,
It was a amazing experience in my ever life on the eve of Holi. In this article Silent noise is none other than our faculty" Pavan soni", who enjoyed holi with the students of ISBR. And red sea is Holi. No one was expected that Pavan sir will come today for enjoy the Holi with us. When I heard that Pavan sir is coming today then i feel so happy. I wanted to celebrate holi with pavan sir which comes true today. It was really silent..............noise which no one imagined.

It happens with me ...........

Dear Readers,
Today started with colours and new thoughts. He was waiting for someone who call him and wish him happy holi. But it could not happen. It was his bad luck. Afetr having lunch he went Forum alone where he feel very unhappy. Because my friend not called him 2 wish happy holi. It happened with theme sometimes. when i enterd in forum he saw few persons was advertising their brand named " women horlicks". The structure which they made was like 360 degree approach. But i think it should be 180 degree approach not 360 degree. Then he saw few people walking here and there, some were talking in mobile, some were siting with their girlfriend and so on. After then he entered in the book store named " Landmark".he read some magazines like management next, The smart manager, The sunday Indian. When i left from landmark he saw the same things which he saw before an hour. And the rest is history....................................................

Embarrassing Moment

I think one of the worst moments in my stuttering days ,when I was in my MCS class. Before we could start the session, the faculty of MCS wanted everybody in the room to write about CRM what he given and also rated by urself. This was an enormous task for us to undertake. We were given a binder of information, and ten minutes to write . I was failed to complete and rated 5/10 by myself to me. No one got 10 out of 10 and failed to achieve the expectations of faculty. And the moment he started his thoughs was kick in the core of my heart and force to realize me that " Where i am?" If i am say about CRM then for me as a student, CRM is nothing but "SFR", Student Faculty relationship.

Student+Faculty= Relationship

And i personally feel I failed in this relationship this time. The thing which he described was highly realizable, especially for me. He was absoulately true. I think i m really cheating myself. I always think and talked about ROI- Return on Investment but here i failed to achieve this. As this was our last class of CRM but I assumed that we ll have a class after a week and I ll definately known about CRM till that time. And i know " If i think, i can, i will" And now the hunts begin. I will definately show Who i am in d next 2 months and I will be on the top.

The FACTS

Dear Readers,

Today when i was working in my laptop then I need to use US dollar($). That time one thing stuck in my mind if there can be a sign of US doallar then why not Indian currency. you can write (Rs.) but not in a single attempt, as $ can be write in single attempt. Its again indicate the time management.

Time management

Time CAN be on your side with "Make Time for Success!"

Time management skills are essential skills for effective people. People who use these techniques routinely are the highest achievers in all walks of life, from business to sport to public service. If you use these skills well, then you will be able to function exceptionally well, even under intense pressure. Many people spend their days in a frenzy of activity, but achieve very little because they're not concentrating their effort on the things that matter the most. This is neatly summed up in the Pareto Principle, or the '80:20 Rule'. This says that typically 80% of unfocussed effort generates only 20% of results. The remaining 80% of results are achieved with only 20% of the effort. Let me give you a classical example. There is 24 hrs in a day and 365 or 366 days in one year for every one in the world. Then why USA and china is developed country but not India. We also enjoy 24 hrs in a day as other countries does. Then where is the problem? Why India is still behind? We should manage our time and increase the productivity and more efficient. This is a competitive world but not for those who grab the opportunity in intial stage. This is things which we are not understand. In my point of view If u create the opportunity and grab urself then I think the world will not be your competitor. They will be far behind like a race between horse and elephant and rest is self explanatory.

Human Capital

Pundits of today assert that it is the human capital that energises the creation
Of wealth.
HUMAN CAPITAL
Human capital is judged based on his productivity, knowledge, sociability and the way he uses his skills and all that he has been taught.
Companies have to learn the ways to improve human capital in order to ensure that their invaluable asset, human capital, is not under-utilized or underestimated. Successful companies are those that understand the importance of managing and organizing the use of its human capital. The key is to make each employee feel his service is invaluable to the company, motivating them, make them feel proud to be working for an ethical and reputed company. Some companies improve their human capital by hiring intelligent students from India and china etc. to prevent this, good education can be given to our kids to ensure a sure fire way to improve human assets.

Crossing the Road

Dear Readers,

On 16th march 2008,i went to paper industry for a six sigma project with my friends. In the evening when i was coming back I saw blind man was crrosing the road near by kormangla. That time I thought, crossing the road for a blind man is like achieve the destination sucessfully. If he can , then why we the people having eyes can't? we have to achieve our target that is Vision 2020.

Hang on ....... GOOGLE google

Google come with innovative ideas named "Smart google". you would not have to go through the painstaking and irritating task of searching of your missing car, keys, Remote control, ipod, mobile etc. It is a Secret artificial intelligence code named Smat google.
One just to tell the glasses, what he or she is searching for.Following the voice commands, the smart google plays into their eye a video of the last few seconds they saw that missing item. A small camera rests on the glasses making constant record of the everything wearer goes.
Really its a excellent idea. Its like searching the items in computer which coming now in reality as an Smart google.

Entrepreneur

For an Enterprenuer, You must have an Idea whose value to the market can be expressed in a simple sense.The market must be ready for the idea. You need to put together a team of people that have strength. you need a good common value system.You should come out with such product and services that people with reasonable disposable income in India should be able to use.Always create milestone every month so that there is a steady cash flow. If it is a product idea then obviously you need venture capital. Let me give you a classic example of an Entrepreneur. Mr. VSS Mani director of Just Dial. He started his venture of just Rs 50000. He took money from his friends, family. He initially worked in yellow pages for 2 yrs. And now he become sucessful. There are so many entrepreneurs like R.S Agarwal(Vishal Retail), Mr Bijli( PVR). I know when my known friends will see this article they will definately shock because i yet not talk about Dhirubahi Ambani, Anil Ambani, Mukesh Ambani. But there is one reason that I m not talking about these great entrepreneurs. They already in Page3.
So last message for every entrepreneur, Always mind that " No one can be a rich person overnight if there is no miracle happen.

2020

I want to share my thoghts regarding my mail id:jainamit2020.blogspot.com Why i actually written 2020. This is not something about vision 2020 which said by Dr.A.P.J Abdul kalam and not mentioning about years. Actually I am trying to corelate with my dream and stock market.
If u see the Stock market u can find that" Ist 10,000 took over 20 yrs.The next come in just 20 months," Superpower2020". Emerging stock market now have a higher average p/e ratio than developed markets for the first time since 1990's. Thats the case is happening in my life which is now emerging rapidly and helping me to reach the destination succesfully.
My dream is to be a great Entrepreneur. And I know I ll achieve it till 2020. One thing should be clear that" Life is a platform where u ll face various types of problems but ultimate destination is to earn money". This is the message for every entrepreneur.