An Irish boy put his hand up and said, “It was St. Patrick.” The teacher said, “Sorry Paddy, that’s not correct.”

Then a Scottish boy put his hand up and said, “It was St. Andrew.” The teacher replied, “I’m sorry, Hamish, that’s not right either.”

Then a Jewish boy put his hand up and said “David”, The Buddhist boy said “Gautama Buddha” and the Muslim boy said “Mohammed”.. They all were not successful.

Finally, a Gujju boy raised his hand and said, “It was Jesus Christ.”

The teacher said, “That’s absolutely right, Jignesh, come up here and I’ll give you the 10 pounds that I promised.”

As the teacher was giving Jignesh his money, she said, “You know Jignesh, since you’re a Hindu Gujarati; I was very surprised you said Jesus Christ.”

Jignesh replied, “Yes. In my heart I knew it was Krishna , but Bijness is Bijness !!!!!!”

1. Start early
T20 does not reward late starters—teams need to start scoring early in the innings. If you don’t have enough runs on the board, your batsmen will always be playing catch-up.
Similarly, you need to start investing and saving early. The sooner you begin, the more time you get to compound your capital. Also, all batting sides take advantage of the fielding restrictions early in the innings. In the same way, when you are young, there are many things you can afford to do as compared to when you grow older. One of these could be to start building your financial resources when you have few other financial obligations.

2. Risk and reward trade-off
T20 is all about taking risks and ensuring that the team gets rewarded for them—whether it is aggressive opening batsmen, field placements or trying out new bowlers.
Similarly, financial planning is all about risks and rewards. It is important to understand that taking risks equals high returns, just like a batsman faces the risk of being caught at the boundary if he is trying to hit a six. You should not be surprised if you get out trying to reach for extraordinarily high returns on investments because these would be of the most risky kind. Also, just like not every ball can be hit for a boundary, not every investment will turn out to be a goldmine. Sometimes, singles are equally important.

3. Be ready for the unexpected
The Duckworth-Lewis method, which is used to determine targets for rain or weather-affected matches, can at times adversely affect the chances of one team. It is, therefore, important to always have enough runs on the scoresheet.
Similarly, you must also always be ready to deal with unexpected situations. The margin of safety in your investments should be able to protect you against the proverbial rainy days.

4. Strategic break
Teams take a strategic break to review their progress after 10 overs and chalk out a strategy for the rest of the innings. Such strategy breaks are important for your financial road map as well. If you don’t regularly review progress and look at ways to address the problems and challenges, you may end up falling short of your financial targets.

5. Balance
Just like a team needs the right balance of big hitters, anchors and effective bowlers, your investment portfolio, too, needs the right balance of investments. Too much of growth or aggressive funds, without adequate support or backup, might make your portfolio shaky. You must recognize that your investments should be diversified across sectors and different assets, and not be concentrated in any one area.

6. One bad over
One bad over can change the direction of a game and can often make it difficult to recover if a team does not have enough runs on the board (if you are batting), or enough wickets already (if you are bowling). In life too, a “bad over”, in the shape of job loss or serious injury or illness, could throw plans out of gear. If you do not have an adequate safety net, it would become very difficult to recover from such mishaps.

7. Consistency gets rewarded
In T20, the top-scoring batsman and the largest wicket-taker are awarded the Purple and Orange caps respectively. You can win these caps only if you perform well consistently. When it comes to personal finance, you too must be conscious of staking a claim for these awards. What matters most is that you have consistent performance over a long period of time. There is no point in investing in a fund that is really hot the first year, but comes a cropper thereafter.

8. Coaching helps
Whether it is a specialist bowling or fielding coach, T20 has shown us that some guidance and direction, especially an objective view from the outside, can help improve a team’s performance. Your investments too can benefit from such guidance and expert view. This is important to avoid making silly mistakes that could cost you dearly later in life.

9. Distractions can be entertaining, but ultimately the score matters
T20 is highly entertaining not only on the pitch, but also because of all the music and dancing. But ultimately, a team wins or loses on the back of its performance. Similarly, while you are securing your finances, distractions such as the hottest investments or the flavours of the month will come and go, but what matters most is that your “investment scorecard” should show a healthy average. You must focus on what matters and ignore the distractions.

10. Winning attitude
The IPL has shown that even young players with less talent or resources can do well if they bring the right attitude to the pitch. Similarly, investing is not just about being rich or already having lots of money. You can start with meagre resources and little experience, but over time, make a fortune with a positive attitude and willingness to learn from mistakes. You should not get disheartened if one investment loses money. Just like a young cricketer who believes in himself, you should believe in what you have invested and stick it out. If you have put in the right kind of preparation, you will also come out the winner in the long run.

1) When everything was planned and smooth, and when government had accepted security to the championship earlier, how come all of sudden Home Minister realised that the championship is not secure in India; exactly the same day when Sharad Pawar indirectly suggested he won’t mind being Prime Minister?

2) How come Cancellation of a series or relocating it become a national shame? And if it is, what about the Riots? Aren’t they supposed to be national shame?

3) When Gujrat government says it is capable of providing security to all the matches in IPL, why were they not capable of providing security to handful of muslims in the state?

4) Are politicians like Arun Jaitley and P Chdambaram out of any topics on notional interest that they are debating on IPL?

5) If we can’t host IPL on security norms, are we really ready to host CommonWealth games coming next year?

I remember of having mailed them about the issue of Misuse of name bigadda but that doesn’t imply me being interested in their lousy social networking site. Specially not this way.

Bigadda Team? Listening?

–>Alok Kejriwal – CEO Games2win.com
–>Beerud Seth – Co-founder & CEO of Webaroo
–>Mahesh Murthy – Founder and CEO of Pinstorm
–>Sameer Guglani – Founder – Morpheus Ventures

As a part of MumbaiBloggers team, me and @unitechy were live twitting from the event for the benefit of those who could not attend the event. Here is the discussion in form of the live tweets.

# Recession is a gr8 time to start a company..
# No business plans survives in 1st contact with consumer. Continue innovation is necessary..
# We need online companies that solve real problems. Like irctc
# We need to break the commission system to extract better from digital media.
# The courage of stupidity is very necessary
# not all digital media spends through agency’s
# Money is not the way to get good results from online media.. Brains is the way..
# There isn’t enough ecommerce in india. Thats one reason for no big success
# internet will evolve much in mobile platform more.
# You can’t just copy ideas from west.. You need Indian pattern..
# By virtue of not using online media, the marketing people are actually missing the big opportunity..
# Orkut and twitter is much bigger than IPL in India.
# Sasteme kardenge is what has so far worked in online media
# product needs culture.
# One difficult thing for entrepreneur is knowing culture of ur audience
# Teenpatti is big deal in India than poker. You need to know the people for whom you building apps
# Just staying online is not the best thing unless its some site line traveling based
# Having data is not enough. How to monetize it is also important.
# Pure online can’t be the buzz word in India
# work for bread and butter don’t care about jam
# Venture capital is new in india and not very positive results. So they are still worried about investing money
# only pathetic product needs to spend. good product grows
# You need to spend on advertising only if you are pathetic product. If you are good product, you don’t need advertising
# User generated content is good thing. Creating money from it is important.
# Getting funded at the top of the buzz raises expectations and can be harmful
# Markets have cycles and you need to understand and live with that.
# High valuations come with high money and high expectations.
# A loss making company can not go public in India by law. This restricts opportunities for entrepreneurs
# what happened on web will happen on mobiles
# open platform FTW
# india still in voice penetration state. operators still selling voice
# Its a big challenge to change the ecosystem in India
# India VAS much behind in terms of software
# The consumer thinks of what he is paying and not what are company’s internal charges
# There will be more money coming if you can deliver through by platform
# never go to bigger companies. go to companies who want to make it big.

Also check unitechy‘s post about the panel discussion here.

Mumbai’s politics is basically controlled by two groups. 1st group is people who live in slums. More than 10 lakh people stay in Dharavi and other slums in Mumbai. And they are major chunk who decide next MP by their heavy vote force and easy influencibility..

And the second group is millionaires who provide chunks of money to the politicians during elections. The money that is used to influence the 1st group.

And what about the rest of Mumbai? Well, rest Mumbai is the middle part of “Slumdog Millionaire”. The Dogs. Thats how the rest of the chunk in Mumbai is considered.

Just think.. Whose problems get solved in first priority by the leaders here? Firstly its Millionaire group and then the slum group. What about the problems of remaining chunk? No.. They won’t get solved unless you upgrade yourself to the Millionaire group or degrade yourself and start living in slums.

So, that’s Mumbai for you and thats “SlumDog Millionaire” for you.. The award winning combination of Slums, Dogs and Millionaires.

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, during one of my open air shows I made the Municipality building disappear and the entire town was searching for it”

The third one sighed and said,” Both of you are so local, I went to Paris and made the Eiffel Tower disappear for a full one hour, it was live on the TV, entire France was searching for the building & no one had a clue”.

Just then an Indian walked into the bar and the three magicians suddenly turned quiet, gave each other fugitive glances and started to slip towards the door.

A Bartender watching this got curious and asked one of the magicians, “Hey what happened ? Who is that guy ? ”

One of the magicians whispered, “He is the World’s greatest magician, he has done the biggest disappearing trick of all times, we are all mere amateurs compared with what he has done. His name is Ramalinga Raju. He has made USD 1.5 billion disappear from his company’s balance sheet in front of everyone’s eyes, and the entire world is still looking for it “

Try When you search BigAdda in google, the the first result is bigadda.in. Is the SEO of bigadda.com going wrong somewhere? Also, seems that the Reliance Entertainment did not take enough precautions to reserve the .in domain too for themselves.

If we look at the logos of the two websites, both of them show the word “BigAdda” as trademark. I think bigadda.in has nothing to do with bigadda.com!

And have a look at the “Terms and Conditions” of bigadda.in. You will find the name of the owner company as “BigAdda Inc.”. I’m doubtful if the company really exists. Cause google does not show any such results when searched for “BigAdda Inc”.

The Whois search for the site bigdda.in reveals name of a person from Walkeshwar. A google search for the mail id from thw whois record displays lot of porn contents as the results.

[Disclaimar: we do not know this is the actual id of owner of bigadda.in or not ! this is just the information we get from the web.]

While writing this post, we are trying to contact BigAdda.com and BigAdda.in for clarification and communication. However, no communication being established as of now.

however i think bigadda.in is Un-Ethical [if they are misusing the bigadda brand !], and may be soon be sued by actual BigAdda !

What is your take ????

A German doctor says ‘That is nothing; we can take a lung out of one person, put it in another, and have him looking for work in four weeks..

The Russian doctor says ‘In my country, medicine is so advanced that we can take half a heart out of one person, put it in another, and have them both looking for work in two weeks.’

An American Texas doctor, not to be outdone, says ‘You guys are way behind, we recently took a man with no brains out of Texas , put him in the White House for eight years, and now half the country is looking for work.’

Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.

1) There were 3 citizens living on this island country. A owned the land. B and C each owned 1 dollar.

2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.

* The net asset of the country now = 3 dollars.

3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.

*A has a loan to C of 1 dollar, so his net asset is 1 dollar.
* B sold his land and got 2 dollars, so his net asset is 2 dollars.
* C owned the piece of land worth 2 dollars but with his 1 dollar debt to A, his net residual asset is 1 dollar.
* Thus, the net asset of the country = 4 dollars.

4) A saw that the land he once owned has risen in value. He regretted having sold it. Luckily, he has a 1 dollar loan to C. He then borrowed 2 dollars from B and acquired the land back from C for 3 dollars. The payment is by 2 dollars cash (which he borrowed) and cancellation of the 1 dollar loan to C.
As a result, A now owned a piece of land that is worth 3 dollars. But since he owed B 2 dollars, his net asset is 1 dollar.
* B loaned 2 dollars to A. So his net asset is 2 dollars.
* C now has the 2 coins. His net asset is also 2 dollars.
* The net asset of the country = 5 dollars. A bubble is building up.

(5) B saw that the value of land kept rising. He also wanted to own the land. So he bought the land from A for 4 dollars. The payment is by borrowing 2 dollars from C, and cancellation of his 2 dollars loan to A.

* As a result, A has got his debt cleared and he got the 2 coins. His net asset is 2 dollars.
* B owned a piece of land that is worth 4 dollars, but since he has a debt of 2 dollars with C, his net asset is 2 dollars.
* C loaned 2 dollars to B, so his net asset is 2 dollars.
* The net asset of the country = 6 dollars; even though, the country has only one piece of land and 2 Dollars in circulation.

(6) Everybody has made money and everybody felt happy and prosperous.

(7) One day an evil wind blew, and an evil thought came to C’s mind. “Hey, what if the land price stop going up, how could B repay my loan. There is only 2 dollars in circulation, and, I think after all the land that B owns is worth at most only 1 dollar, and no more.”

(8) A also thought the same way.

(9) Nobody wanted to buy land anymore.

* So, in the end, A owns the 2 dollar coins, his net asset is 2 dollars.
* B owed C 2 dollars and the land he owned which he thought worth 4 dollars is now 1 dollar. So his net asset is only 1 dollar.
* C has a loan of 2 dollars to B. But it is a bad debt. Although his net asset is still 2 dollars, his Heart is palpitating.
* The net asset of the country = 3 dollars again.

(10) So, who has stolen the 3 dollars from the country ? Of course, before the bubble burst B thought his land was worth 4 dollars. Actually, right before the collapse, the net asset of the country was 6 dollars on paper.

B’s net asset is still 2 dollars, his heart is palpitating.

(11) B had no choice but to declare bankruptcy. C as to relinquish his 2 dollars bad debt to B, but in return he acquired the land which is worth 1 dollar now.

* A owns the 2 coins, his net asset is 2 dollars.
* B is bankrupt, his net asset is 0 dollar. ( he lost everything )
* C got no choice but end up with a land worth only 1 dollar
* The net asset of the country = 3 dollars.

************ **End of the story; BUT ************ ********* ******

There is however a redistribution of wealth.
A is the winner, B is the loser, C is lucky that he is spared.

A few points worth noting -
(1) When a bubble is building up, the debt of individuals to one another in a country is also building up.
(2) This story of the island is a closed system whereby there is no other country and hence no foreign debt. The worth of the asset can only be calculated using the island’s own currency. Hence, there is no net loss.
(3) An over-damped system is assumed when the bubble burst, meaning the land’s value did not go down to below 1 dollar.
(4) When the bubble burst, the fellow with cash is the winner. The fellows having the land or extending loan to others are the losers. The asset could shrink or in worst case, they go bankrupt.
(5) If there is another citizen D either holding a dollar or another piece of land but refrains from taking part in the game, he will neither win nor lose. But he will see the value of his money or land go up and down like a see saw.
(6) When the bubble was in the growing phase, everybody made money.
(7) If you are smart and know that you are living in a growing bubble, it is worthwhile to borrow money (like A ) and take part in the game. But you must know when you should change everything back to cash.
(8) As in the case of land, the above phenomenon applies to stocks as well.
(9) The actual worth of land or stocks depend largely on psychology..

In fact, as far as most consumers are concerned, there is no real difference between the two. They are both very widely accepted in over one hundred and fifty countries and it is very rare to find a location that will accept one but not the other.

However, neither Visa nor MasterCard actually issue any credit cards themselves. They are both simply methods of payment. They rely on banks in various countries to issue credit cards that utilise these payment methods. Therefore, the interest rates, rewards, annual fees, and all other charges are issued by your bank and when you pay your bill you are paying it to the bank or institution that issued your card and not Visa or MasterCard.

How Visa and MasterCard make their money is by charging the retailer for using their payment method. So the truth of the matter is that a Visa issued by say the Bank of India will have very little to do with a Visa issued by other banks and may in fact by more similar to the Bank of India’s MasterCard.

What this means for the vast majority of customers is that you do not have to overly concern yourself with whether a credit card is MasterCard or Visa. You would be better off concentrating on the interest and other charges on the card, the balance transfer possibilities or their reward scheme. You are very unlikely to ever be effected by the fact that it is one and not the other.

If you prefer, if you are going to have two credit cards, you may decide that you want one of them to be Visa and the other MasterCard, this means that if something drastic were to happen to one company, or if you were in the unlikely position of finding a location that accepts one but not the other, then you would have the option of paying with either.

At the end of the day however, much more depends on the bank that gave you the card, than on the type of card it is.

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10. The villagers seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey let alone catch it.

The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him. In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50.” The villagers squeezed up with all their savings to buy the monkeys. Then they never saw the man nor his assistant, only monkeys everywhere!! !!

Welcome to Stock Market!!!

Suzlon Energy Limited traces its roots back to 1995, when the company took its first step on the renewable energy stage with its incorporation. Suzlon began its journey to the forefront of the wind energy industry with a small but significant project to supply wind turbine generators for a 3.34 MW windfarm project in Gujarat, India. In little over a decade, Suzlon has grown to rank as the world’s 5th leading, and India’s and Asia’s leading manufacturer of wind turbines, with over 2,000 MW of wind turbine capacity supplied in India and across the world. The company registered revenues of USD 867 million, and a net worth of USD 617 million, CFS FY 2006, with a current order book exceeding USD 1.7 billion.

Suzlon is today a major force in the global wind industry, from humble beginnings in 1995, to ranking 5th worldwide, over 6% of the global market share in just over a decade. Already among the top five, Suzlon aims to rank amongst the top three wind power companies in the world by leveraging technological leadership and commercial acumen to exceed customer expectations. With its people strength, aggressive vertical integration strategy, strong R&D program, expanding manufacturing capability and a clear focus on global high growth markets, Suzlon is poised for continue its story of breathtaking growth the world over.

Well, I would love to work in a company like this after I complete my MBA. It will be one of the biggest growth opportunity for me. And besides it will be a chance for me to work in my topic of interest (non conventional energy).

1. Lakshmi Mittal, 55
Company: Mittal Steel
Net worth: $20bn

2. Azim Premji, 60
Company: Wipro Technologies
Net worth: $11bn

3. Mukesh Ambani, 48
Company: Reliance Industries
Net worth: $7bn

4. Anil Ambani, 46
Company: Anil Dhirubhai Ambani Enterprises
Net worth: $5.5bn

5. Kushal Pal Singh, 74
Company: Delhi Land & Finance
Net worth: $5bn

6. Sunil Mittal: Age 48
Company: Bharti Group
Net worth $4.9bn

7. Kumar Mangalam Birla, 38
Company: Aditya Birla Group
Net worth: $4.4bn

8. Tulsi Tanti, 47
Company: Suzlon Energy
Net worth: $3.7bn

9. Pallonji Mistry, 76
Company: multiple interests
Net worth: $3.3bn

10. Anurag Dikshit, 34
Company: PartyGaming
Net worth: $3.1bn