Satyam Scam : Probably the ‘Biggest Ever’ in Indian Corporate History !
Today can surely be called “A Shameful day” for the entire indian corporate industry as one of the high profile indian public companies,Satyam Computers’ Chairman,Ramalinga Raju resigned today and confessed about the fake projections about his company’s performance and financial status.
Raju confessed that company’s balance sheet carried inflated figures from year on year.The company had been projecting non-existant profit & revenue figures and this had been happening for nearly 10 years within the company.
In his five page resignation letter to Satyam’s board of directors,he admitted that for the second quarter which ended Sep 30, 2008,the company reported a revenue of $560mn (Rs 2,700 cr) and an operating margin of $135mn(Rs 649 cr) as against the actual revenues of $440mn(Rs 2,112 cr) and an actual operating margin of $12.5mn(Rs 61 crore).All this resulted in non-existant cash and bank balances up by $122mn(Rs 588 cr) in the second quarter alone.
Although Ramalinga Raju,ex-Chairman,Satyam Computers has taken all the blame on his own More »
‘Fuelstart’ helps you save some crucial bucks on ‘Energy resources’
Cost-cutting at home can be done through various methods and one area where some countable bucks can be saved is”Fuel consumption” and there’s a website wholly dedicated to help you with this called ‘Fuelstart‘.
The idea is fairly simple.At Fuelstart,energy companies post their home energy price and location information.Homeowners,on the other side,use the respective data for locating the most suitable(both cheaper and nearer) energy company for themselves.
Fuelstart is currently maintaining a decent database of energy companies which is also quite intuitive to use for homeowners,looking for the best local price on fuel or even just contact information for companies.Homeowners also have the ability to share prices they have found for energy companies they use.
The concept strikes an area which is not one of the popular interests of netizens on the web and therefore,the scope is a bit limited in respect of website growth but it’s utility-based from a consumer’s perspective and can certainly be referred before making you next purchase of fuel for More »
Twitter under Attack : Phishing,Celebrity hacks…What Next ???
Past week,twitter was having a bad time,dealing with phishing attacks and following up with it was yesterday’s celebrity account hacks(Barack Obama,Bill O Reilly,Britney spears and 30 more such accounts).
Although,the hacks came to a halt after Twitter took the support tools offline,the hackers behind it had done what they wanted to…breaching twitter’s security to the best possible level.
Although many followers might have enjoyed/amused the tweets that were bubbling out from the hacked celebrity accounts,such an act has revealed the vulnerability of Twitter to a great extent.
A phishing attack(which Twitter earlier had) was more of an external attack for Twitter but such a fatal ’serial hacking’ reveals more about the technical loopholes of this micro-blogging platform and might give celebrities a reason,not to opt for it as a mode of connecting with their fans/followers.
So,the next question is….What Next ? More »
IDNTITI : A community rating tool for just about anything !
Today,most of us maintain our online identity where we go social(Facebook,Myspace etc),go professional(LinkedIn) or go party(Fubar).And there are decent possibilities of us being searched,followed or tracked online by our employer(in case of individual),our employee (in case of an organisation) or our customer(in case of a product/service) as the web is so open that nothing is hidden actually.
And directly or indirectly but community always speaks about every known entity,be it a human,product or an enterprise.For instance,websites such as Yelp(products/services reviews ),Glassdoor(companies review) and countless others are popular examples of community feedback.
So here’s a similar web service that’s trying to rate every possible entity under one roof especially ‘Individuals’.Meet IDNTITI…
IDNTITI is a rating tool that’s fueled by community and provides More »
Power goes Facebook’s way : To use Facebook Connect from late January
Few days back,tech blogs were shouting out news of Facebook sueing social network aggregator Power.com as it was violating Facebook’s terms of use,copyright and trademarks.To be more specific,the conflict was more concerned to User credentials storage on Power.com servers.
Facebook was in month long talks with Power.com on this issue and wanted ‘Facebook Connect’ to be used instead of current way of Facebook’s access through Power.com but it all finally ended in sueing of Power.com as no mutual conclusion could be developed between the two parties.
In reaction to the suit filed against Power.com,the access to Facebook had been immediately removed but now things are looking settled and sorted.Looks like Power.com,being unable to find a replacement for Facebook,has finally agreed to implement ‘Facebook Connect’ within the site More »
BolCityBol : Taking Indian Online classifieds to Grass-root level
Online classified portals are nothing new today.People usually use free or paid classifieds portals for either reaching out to the intended customers or finding out the required service.
Craigslist,being the most popular(and oldest as well) wins maximum audiences all over because of its FREE nature and too simple interface(although i don’t like the decade old UI).
But one thing that Craigslist hasn’t been able to do yet is replicating the same depth of local classifieds that it has created for US cities,to cities in any other country.
So,here’s a service that’s looking to fill this void in India(Currently Mumbai and Pune only)….BolCityBol
BolCityBol is a Mumbai-Pune(currently) based FREE local classifieds service .If someone needs to buy or sell a particular product or service,physical proximity becomes a CRITICAL factor in decision-making. BolCityBol,going all depths into the two mentioned cities,is trying to capitalise this ‘proximity’ factor in More »
Isn’t ‘Twply’ getting too much of Instant Publicity…
First of all a Very Happy New Year to all you guys out there…
Getting back to the topic,Twply,a twitter based service that lets you receive @replies to your e-mail has been quick bubbling in blogosphere and i am just unable to find many reasons for it,both good or bad.
This service hasn’t much reasons to be talked about in a positive way and the other reason(massive criticism,which also brings undue awareness) to instant publicity is looking really astounding.
Reasons ?…It automatically twitters a self-promoting message through your twitter account(if you sign up for the service) to publicize itself to your followers.As this is quite a usual practice followed by every other newly launched service to get heard in fastest way possible hence no offences here.And the other reason for instant blogo-burst(Blogosphere Outburst) is rather ridiculous.If Twply got sold for $1,200 just one day after its launch then one can’t put it as a reason to criticize the service.Rather,the reason for selling Twply is more interesting(which also proves how stupid the folks who built this service are).
This is why they sold More »
SendMe lets your mobile entertain you !
Today,Mobile phones have certainly claimed thei
r place in “Five things i can’t live without” for majority of girls/guys and the options are endless to choose from.And Mobile entertainment(MP3,ringtones,games,wallpapers etc) is undoubtly the major reason behind the stickiness that mobiles have created today.
So,here’s a service that serves you with an easy way to get all the entertainment,right into your mobile.It’s SendMe Mobile
SendMe Mobile is one of the leading direct to consumer subscriptions service offering a vast array of ringtones,wallpapers,games and texting services
It offers content from major record labels such as EMI,Universal Music Group and Warner Music as well as content from independents such as The Orchard,Mobilestreams, and IODA. SendMe is a one stop shop for all of your mobile entertainment More »
