Teen Traders' Blog

Said Something ???

Sixty Seven MLAs in Bihar Today were suspended for “unruly” behaviour as slippers were flung at the speaker and pots flung around due to some usual  disagreements.

The politicians or the so-called “leaders”  which included 42 RJD MLAs, were suspended by Assembly Speaker Udai Narain Choudhry and marshaled out of the Legislative assembly one-by-one.

Guess what they were angry about?

Some financial irregularitiesin the state after a CAG report. The Opposition is now  demanding the resignation of Bihar chief minister Nitish Kumar.

But isn’t the same case in all or at least most of the states and government departments throughout the country.

TOI Reports

As the watch and ward staff lifted RJD MLA Bablu Dev, his colleagues rushed to his rescue. In the melee, a slipper was thrown towards the Speaker’s podium. It was not immediately known who had flung the footwear which, however, did not hit the Speaker.

Note the last line.  ..which however did not hit the Speaker.

I guess now even the media is tired of reporting the throwing of slippers or chappals on leaders which do not hit the leaders/politicians/scamsters.

The slingers should at least go for a confident shot which does hit the target or maybe play some Counter Strike before such ambitious and covert operations.

IF every Assembly starts showing such attitude due to the regular irregularities,  I guess all the assemblies will have to reserve,say, half-an-hour every session  for the slinging of slippers and pots. I think even the Politicians are tired of the regular slow,tedious and lame work that they do in every assembly. I really think they deserve some adventures like these in the assemblies.

Wot say??

High-Tech Jargon

NEW: Different color from previous design
ALL NEW: Parts not interchangeable with previous design
EXCLUSIVE: Imported product
UNMATCHED: Almost as good as the competition
DESIGNED SIMPLICITY: Manufacturer’s cost cut to the bone
FOOLPROOF OPERATION: No provision for adjustments
ADVANCED DESIGN: The advertising agency doesn’t understand it
IT’S HERE AT LAST!: Rush job; nobody knew it was coming
FIELD-TESTED: Manufacturer lacks test equipment
HIGH ACCURACY: Unit on which all parts fit
DIRECT SALES ONLY: Factory had big argument with distributor
YEARS OF DEVELOPMENT: We finally got one that works
REVOLUTIONARY: It’s different from our competitors
BREAKTHROUGH: We finally figured out a way to sell it
FUTURISTIC: No other reason why it looks the way it does
DISTINCTIVE: A different shape and color than the others
MAINTENANCE-FREE: Impossible to fix
RE-DESIGNED: Previous faults corrected, we hope…
HAND-CRAFTED: Assembly machines operated without gloves
PERFORMANCE PROVEN: Will operate through the warranty period
MEETS ALL STANDARDS: Ours, not yours
ALL SOLID-STATE: Heavy as Hell!
BROADCAST QUALITY: Gives a picture and produces noise
HIGH RELIABILITY: We made it work long enough to ship it
SMPTE BUS COMPATIBLE: When completed, will be shipped by Greyhound
NEW GENERATION: Old design failed, maybe this one will work
MIL-SPEC COMPONENTS: We got a good deal at a government auction CUSTOMER SERVICE ACROSS THE COUNTRY :You can return it from most airports
UNPRECEDENTED PERFORMANCE: Nothing we ever had before worked this way
BUILT TO PRECISION TOLERANCES: We finally got it to fit together
SATISFACTION GUARANTEED: Manufacturer’s, upon cashing your check
MICROPROCESSOR CONTROLLED: Does things we can’t explain
AEROSPACE TECHNOLOGY: One of our techs was laid off by Boeing

Via

Essar Group, the Ruia owned multinational conglomerate will buyout the entire 59.1 per cent stake of Avaya in AGC Network.

The deal is valued at $44.5 million USD equivalent of Rs 206.19 crore, or Rs 245 a share, subject to customary Indian regulatory requirements and completion of the open offer.

The acquisition would be done through Essar Services Holdings Limited (ESHL). AGC Networks, earlier known as Avaya GlobalConnect Ltd., is a converged communication solution provider focused on the India and Australia market. The company employs approx 500 people. The current management is expected to continue and spearhead the business post-closing.

On the occasion Aparup Sengupta, Managing Director, and Global CEO, Aegis Ltd., said, “Essar in a short span has become a key player in the SI space and would benefit immensely from the depth and width of expertise AGC Networks has. We have a definitive plan to grow this business as we aim for bigger chunks of customer spends.”

Kerala is all set Launch its dream project i.e. the Technocity township that is expected attract investments of Rs 3000 crores to Rs 5000 crores and create 100,000 jobs directly and atleast 400,000 jobs indirectly.

Technopark CEO Mr Mervin Alexander and Infopark CEO Mr Siddhartha Bhattacharya and Cyberpark CEO Mr Biu Pazhoor told a joint press conference that the project is concieved under PPP model.

Technocity is said to be the Dream IT project of the Southern state and is planned as a self-dependent satellite city. The project will be developed through multiple Special Purpose vehicles in association with leading developers. It has applied to Japan International Cooperation Agency for funding of Rs 170 crores as Japan had shown interest in developing the country’s infrastructure.

In addition to IT Infrastructures, Technocity shall also have residential apartments, shopping malls, hospitals, hotels, educational institutions and other support facilities and will also have more focus on biotechnology, nanotechnology and high-end manufacturing units.

Mahindra and Mahindra is on a buying spree. First it bought the remaining stake of Renault in JV that makes Logan car, the 55% in Reva Electric joining Sequoia and GM   and now it has said that it has submitted a letter of intent for troubled Korean SUV maker Ssangyong Motor but declined to comment on the amount.

Pawan Goenka, president of Mahindra’s automotive sector told reporters, We have submitted an expression of interest for Ssangyong. If we are one of the companies shortlisted, then we will undertake a due diligence .” Not telling the amount he said “We have to look at the economic viability of the company and how it fits into our strategy before we make a bid,” Goenka said.

The South Korean media values the company at $300 million to $500 dollars but Mahindra And Mahindra is expected to bid in the range of $100 million to$300 million

Mahindra has reported a 36.4% rise in net profit . The computer has planned to launch an SUV in US later this year after it gets the necessary approvals.

Recently ‘ve been reading an article on Businessworld that has been putting a lot of pressure on the way the media today pushes reports and “reports” news rather than guiding the youth about whats right.

But the Article, which came as a case study highlited a school where the students where checking out news,crappy news on a Laptop. Now that is something that you’ll see only in Rich schools and mainly in the Metros of the country.  It said that the 11th and 12th graders of the country are reading news about Rakh Sawant, knew about the Country’s GDP Strenghts etc but where not concerned about the problems faced by the country (it gave the example of Maoists).

But the Magazine forgets one thing. Junior College students in such Rich schools form a small fraction of the country’s huge youthful population. Let us take the Population in good or in nearly good schools to be about 5% (i know that’s big). Out of that about 3% or nearly 4%(80% of the group) would be spoilt brats. The rest are somewhat talented and ambitious.

Sum : 1 out of 100

Now out of the rest not-so-lucky 95%, 2% would have the crave to better their lives and get out of poverty and excel.

Sum : 3 out of 100

These talented and informed 3 people have the ambitions to be the best in their fields, live the so-called “high-life”.

These are the 3 people who now have the resposibility to create job opportunities for the rest 97 people who might not be as smart as them but are still worthy enough. They can work and help the economy grow. But the 97% is surely not interested in state politics or about where the country is heading or what the country has the potential to do.

Now the “Talented 3″  become so concerned about the future that some fights going on in some remote place in the country does not seem important to them. Readin and knowing about the wrong people seems highly unuseful and a big waste of time to them. Why would they do something that would bring harm to them or to their families(which is the case many a times when concerned person tries to raise a voice against the wrong or faulty)

So the “Talented 3″ will continue to make impacts on the economy while the rest 97 will support them. So no one cares whose right or wrong and surely not about what needs to be done.

But the question is What is more important, Creating jobs for the 97 or trying to solve a long time problem in a remote area of the country?

BMW has grabbed the nuber one spot in the Luxury car segment in Idia leaving behind traditional winner Mercedes having sold 3619 cars in the calendar year 2009, which rates as the highest number of units sold by a luxury car manufacturer in India claiming a 40% market share. BMW India sold 1155 units of the 3 Series, 1590 units of the 5 Series, 28 units of the 6 Series, 350 units of the 7 Series, 101 units of the X3, 287 units of the X5, 83 units of the X6 and 25 units of the Z4.

Peter Kronschnabl, BMW India President said in a statement, “We made great strides in implementing our strategy, and this gave us a significant competitive edge that provided us with a clearly formulated vision. Now more than ever, we see that the number one position in the market is not everything. But, the future belongs to India and if you want to benefit from the dynamics of the Indian market later, you need to act today. This is what we did. Our commitment to India was among the strategic decisions that had to be taken right away.”
 

BMW India ranks as the number one in the luxury car segment in India.
BMW India achieves leadership position by increasing its market share in the luxury segment of the Indian automotive market to over 40%.
 
New Delhi.  BMW India is the number one in the luxury car segment in India and portrays a symbol for dynamic and forward striving people.
 
BMW India increased its market share in the luxury segment of the Indian automotive market to over 40% in 2009 (from 9% at the end of 2006).  With 3619 cars delivered to customers in the calendar year 2009, BMW India has achieved the “highest sales by a manufacturer in the luxury car segment in a year” till date.
 
In 2009 BMW India sold
 
BMW 3 Series – 1155 units
BMW 5 Series – 1590 units
BMW 6 Series – 28 units
BMW 7 Series – 350 units
BMW X3 – 101 units
BMW X5 – 287 units
BMW X6 – 83 units
BMW Z4 – 25 units

Ever since rumours about Apple’s tablet being launched surfaced, media world over just couldn’t stop writing about it, many predicting another blockbuster from the Apple shed. Investors have gone berserk and hopes are sky high.

 Brian Claufield writes on Forbes that Apple’s chief, Steve Jobs may be aiming the Tablet at the Amazon’s hot-selling e-reader Kindle.

Oppenheimer analyst Yair Reiner reports that Apple shall begin the manufacturing of the Tablet from February suggesting a late April Commercial release. Assuming that Apple sells 1-1.5 million units for $1000 each and make up 22% margin the tablet could amazingly add 25-38cents per Apple’s each share.

He writes Apple might be approaching publishers with a better deal then what Kindle offers. Reiner writes that Apple might just ask 30%  of revenues generated by selling e-books and moreover will not ask publishers for an exclusive commitment somewhat similar to the 70-30 share that Apple already offers to the developers making software for its iPhone and iPod Touch

Novartis AG surprised investors and offered to buy the rest of Alcon Inc from Nestle SA and minority share holders  for about $39.3 billion. Alcon Inc is the world’s largest eye-care company.

Nestle will sell a 52 percent stake to the Basel, Switzerland-based drugmaker for an average of $180 a share, or a total of $28.1 billion, Novartis said today. Novartis also offered to pay 2.8 of its own shares for each remaining Alcon share held by the public, equivalent to about $11.2 billion.

via BW

Media and news is something very important for traders. Why am I emphasizing on listening, watching or reading to news so much? Because you need to know what the companies on the street are doing , planning to do, won’t be able to do or are quite capable to do. Companies have to justify every move they take to the Market Regulators such as SEBI or SEC. They therefore take shareholders consent before taking major moves. They announce their strategies, their projections and reports to the media. Hence media contains quite valuable information about the trajectory in which a stock or in a broader perspective, the market shall ride.

 So what we see in movies that one threatening sentences by companies(mainly fraudsters) change the course of their trajectory is many a times true. Not only Fraudsters but even when companies announce their quarterly or yearly results, the course of  their stock prices change. So staying alerted and informed is something that you should certainly not neglect.