Scams are back. Three guys from the 1983 batch of Wharton Business School have been accused of orchestrating one of the biggest hedge fund scams in a long time. This is a text book case of Insider trading. But not all news is sad news on the Wall Street. Most companies have posted Quarterly profits. In India, Lakshmi Mittal, the CEO of Arcelor Mittal threatened to quit all his projects from Orissa and Jharkhand. Ritika has strong views on the whole issue of land allocation for such projects whic...
Nov 04, 2009•28 min
This episode of BiziNation is dedicated to the Internet. Lately, social networking sites are showing signs of finally making some money USocial, an Australian site is selling friends to companies who can send targeted messages to its audience. On the Operating Systems front, Microsoft launched its new OS with an a very questionable but an effective ad campaign. Yahoo! is spilling $100 million on advertising in the traditional media, a sign of growing desperation. Google on the other hand has lau...
Oct 18, 2009•30 min
This episode is about how businesses are adapting themselves to the changes in their environment. Levis has launched an EMI scheme to make your favourite pair of Levis jeans affordable to you. Launch of worlds first digi novel is a testiment to how the publishing industry and authors are using novel ways to face the challenges thrown by the new media of internet. We talk about google being at its innovative best. Indias biggest and favourite insurer LIC is no longer shying away from the equity m...
Sep 06, 2009•30 min
There are no free lunches and so removing money from an ATM other than your bank will now cost you but the first five in a month are free. Listen about how banks in Australia charge ATM interchange fees to customers. Sad news for all Reader digest fans as the company declares bankruptcy in US. Biking fans in India welcome the entry of Harley Davidson. Maverick CEO Michael Leary of Ryan Air teaches a few things about running a profitable airlines in time of slump. Spicejet does better than its fu...
Sep 06, 2009•25 min
The IT sector first quarter results are out and the Sensex finally has something to cheer about. TCS is leading from the front reports better than expected profits. Anil Ambani's Reliance Big Entertainment is taking the Hollywood path by signing a deal with Steven Spielberg's Dreamworks. The Ambani brothers are at it again!! Straight out of a scene from Bollywood hit, Deewar,they are fighting for the gas in krishna Goadavri basin. The 2 brothers fight it out in the legal battlefield.
Jul 30, 2009•23 min
The Union Budget 2009-10, like any other was branded as an Aam Aadmi budget which promised inclusive growth. But the sceptics brushed it aside. Contratry to what the experts think, we reckon that this budget has something in it for both the rich as well as poor. In this podcast, we dwell not only on the Yojanas and schemes that the goverment has announced for the poor but also spend some time talking about the plans laid out for the urban poor, infrastructure, defense personnel and children. And...
Jul 15, 2009•30 min
The thought of the Indian aviation industry making quarterly profits is far fetched, but to find out that one company bears almost half of the entire industry's burden would send some stomachs churning especially if you are working with Air India, Indias national carrier. Story aint that different in other parts of the world. British Airways has declared its biggest loss of the century. Back home, the Bandra Worli Sea link has been unveiled and promises to take some load off the roads. This epis...
Jul 08, 2009•23 min
Ritika gives us a run down of some ground realitiy in Australia on the attacks on Indians. This podcast is a mix of national and international news. Australia has just been handed out a stimulus package a good percentage of which went to the dead! Back home in India, Bharati has renewed talks with MTN for what would be the biggest Indian acquisition. The Bharti tie up with Walmart spwaned a 50000 sq feet cash and carry store in Amritsar. And in another news, Grameen America, the microfinance ban...
Jun 11, 2009•23 min
The initial euphoria of the UPA win in the recently held Indian elections refuses to die down and in this podcast we bring to you what's in store for the Indian business class following the UPA win. What can our new Finance Minister Mr Pranab Mukherjee do to accelerate the Indian GDP growth in times like these We discuss policy issues ranging from FDI to disinvestment to deregulation of oil. The IPL has come and gone and its time to start raking the moolah. We discuss the actual winners of the I...
May 27, 2009•19 min
Cut back to your school days when on the sports day, the entire class would split into two halves to play the tug of war. It was a fun PT period for us at school. But not so much for the RBI which is trying hard to pull with all its might against both inflation and deflation. Recently, RBI cut the repo rates and the reverse repo rates to boost the economy. Ritika gives us a run down of what these jargons mean. The Federal Reserve has shown its benevolence to AIG again with its third bail out pac...
Apr 27, 2009•21 min
Satyam made headlines not too long ago. Now Tech Mahindra has brought it back in the news. Satyam will soon be bought out by Tech Mahindra. Most of this rather short podcast focuses on the deal and what is there in it for Tech Mahindra which had to pay more than a 1000 crore for this deal. Quarter 4 results are out and surprisingly a few of Indias IT companies have posted profits.
Apr 27, 2009•21 min
The interim budget was as bland as Russian food. But Pranab Mukharjee spiced it up just in time for the elections. With the benevolent excise duty, service tax and a few other rate cuts, the consumer will have to spend less on mobile phone bills, buying an LCD TV, etc. In the corporate sector, after the Satyam debacle, SEBI has asked for full disclosure from the promoters of companies who pledge their shares to raise more money. In cricket, the multi million IPL season will kick off very soon. O...
Mar 05, 2009•21 min
And we are back after a pretty long time, but nothing much has changed since we spoke about bad news that surrounded the world economy. In fact, things have only gone downhill. Layoffs have begun even in India. The US economy is reeling and is hoping under Barack Obama's slogan of Hope, not fear. The US congress has approved the $700 billion odd stimulas package. In other news from India, Subhiksha, the ailing retail chain is fighting hard to survive bankruptcy.
Feb 21, 2009•20 min
"They can have it in any colour they want as long as it is black," Henry Ford's arrogance back in the 19th Century was justified when he was selling his cars and telling consumers what they NEEDED because he didn't believe that the customers knew what they wanted. Given a choice, Ford's customers would have demanded a faster horse, but he built the Model T anyway. CUT TO 2008. The swaggar which the auto makers had gotten used to is now reduced to a limp. With people shoving their hard earned mon...
Nov 24, 2008
Two years after TATA announced the one lakh car, argubly a revolution of the magnitude of Henry Ford's Model T, the car industry's most binouculared project is yet to lay its foundation stone. After elaborate protests, some violence and lots of confusion, TATA took the painful call of relocating to another state. A week later, all the newspapers carried a picture of Narendra Modi, the chief minister of Gujarat shaking hands with Ratan Tata. This podcast is more about our thoughts on how politics...
Oct 20, 2008
When they asked Tom about his occupation, he balked. He wanted to keep that as a secret. But they persisted wanting to know about what Tom does for a living. He finally relented, "I work as a piano man in a brothel." He had lied. He was too ashamed to admit that he was an investment banker. This podcast is dedicated to all the innocent Toms from the unsinkable 'Titanic' like industry in the US called Investment banking where the lifeboats are afloat with people who's jobs and families are on the...
Sep 30, 2008
We are back after getting stuck in a rather unhealthy habit of not being on time. The last month was plump with a number of mergers and acquisitions on a national and an international scale. Spice married Idea in the telecom sector. On the global front, Anil bhais ADAG and MTN, the South African telecom giant are contemplating a merger of sorts, but Mukesh Ambani comes in his younger bro's way yet again. Ranbaxy, the Indian pharmaceutical major has been acquired by its Japanese Counterpart, Daii...
Jul 15, 2008
The epidemic is back. It is called inflation. USA, India, China, Sri Lanka, Philippines, Haiti, Egypt are searching for the medicine to cure themselves. The medicine itself is not only bitter, but sometimes fatal! Among the developing economies, India leads the pack. In this podcast, we talk about how relavent is this whole issue to the common man or the housewife who buys vegetables on the street in a city in India. We recorded this episode when the inflation was around 7 per cent. Two weeks la...
Jun 08, 2008
Richard Branson does a James Bond like stunt again. To announce his tie up with Tata Teleservices, he jumped from some high rise building to get to the front pages of all leading publications here in India. He made a bigger splash when he experimented flying one of his planes on Alternative fuel. VISA has announced its intensions for the world's biggest IPO and in another news, the Indian Banking industry boasted of the biggest deal ever.
Mar 18, 2008
Every year, on the last day of February, all the guns are out aiming at two men, the Railway Minister and the Finance Minister of India. This year was no different. We attempt to give you a run down of the Railway Budget presented by the flamboyant Lalu Prasad Yadav and the Union Budget announced by the calm and composed Chidambaram, the CFO of India. Everything from the huge Rs. 60,000 crore agricultural debt waiver to increasing the income tax slabs unabashedly knocked the voter's doors to dra...
Mar 03, 2008
The stock markets around the world tumble as America faces prospects of recession. It does not help when banks like Societe General face losses due to rogue trading. Starbucks sees the back of its CEO as competition with McDonalds heats up. Meg Whitman passes on the baton to Danahoe. In another news, HPCL answers natures call rather literally and we wonder whether the Indian Premier league has got bigger than the game?
Jan 31, 2008
This episode was recorded a couple of days before the Auto Expo at Delhi which unveiled the one lakh car from TATA after a long long wait of two years. The Indian car industry is going great guns with some nitro boosting mergers and joint ventures. TATA Motors has bagged the Land Rover and Jaguar deal from Ford Motors and we discuss a string of tie ups that the Indian companies have been involved with. And there is some good News for Non Resident Indians who feel home sick and God sick. A unique...
Jan 11, 2008
Chuck Prince of Citigroup and Stan O'Neal quit admist the sup prime crisis, but, their exit packages are getting more eye balls! We feel that they deserve the millions that they beget even after goofing up big time! Another CEO, Rick Wagoner stands strong among the ruins at General Motors as it wrote off $38 billion. Petrochina rocks the corporate world by being the most valuable company beating Exxon Mobil. Two Indian wine companies, Sula Wines and Champagne Indage are on an expansion spree. An...
Nov 22, 2007
If the Indian stock market is galloping, the Indian Art Market is on LSD. It is swaying to a mood swing that is helping it grow by 50 per cent year on year. And buying expensive paintings is seen as a very intelligent investment option. As the marriage season hits India, people are insuring their marriages! In HCL, you can rate your bosses and what more, the results will be displayed on the Intranet. Vikram Pandit has been named as the CEO of Citigroup and this time India can pat its back since ...
Nov 22, 2007
Mukesh Ambani is not the richest man after all. Ever heard of peer to peer microfinance? Ask eBay about it! Also, a Microsoft former employee starts a networking site for the unorganised sector; so, you can find yourself a driver or a household maid on the web! Yuvraj Singh has pulled off a coup! He is slated to earn a 100 cr contract, but, there is more to it than just the money. The mobile telephony has too many cooks which might just spoil the broth and Bharati's Mittal is livid! GAP and swea...
Nov 16, 2007
SRK, Salman, Govinda, Suniel Shetty, Abhishek Bachchan, Bobby Deol, Priyanka Chopra... the list is endless. All these celebs have successfully endorsed apparels and we feel that such endorsements work well in the Apparel industry than in any other. In entertainment, I and B Ministry has some good news for all of us with the Entertainment tax being pared down Also, you can watch a movie on a petrol pump. Ask BPCL about it. In another common NEWS, Vodafone has taken over Hutch and has painted the ...
Oct 08, 2007
The SENSEX has crossed the 20000 mark and Mukesh Ambani is the richest man! Well, not quite. Like everyone we got this news wrong! We discuss how Participatory Notes is acting as the LSD to the big spike in the market cap of companies on the BSE. Ritika brings in a political angle to the mercurial nature of the stock market! On another flight, Singapore Airlines has flown the worlds largest aircraft. Vijay Mallay's Kingfisher will fly the super Jumbo soon. While BBC plans laying off a huge chunk...
Oct 05, 2007
The US financial market is like an avalanche. When things go wrong out there, they bring the world economy down to an extent. Ritika gives a user friendly description of what is the big deal with the sub prime markets crisis! This week, while Anita Roddick of Body Shop passed away, her legacy of eco-friendly practice still lives on. In another news, Starbucks opened shop in Russia, it is contemplating for the nth time to enter India. And SRK's 'Om Shanti Om' is the biggest financial hit of India...
Sep 20, 2007
Indias largest bank, SBI which already has a good chunk of the Islamic Banking market feels that India is a largely untapped market. While the aviation industry in India breathes a sigh of relief with steadily increasing fares, in the British Aviation industry, BA faces litigation for fixing the fuel surcharge in collusion with Virgin. Multi million deals are being signed in India with Mallya scooping up Spyker Ferrari and in entertainment, Pritish Nandy signed a 100 crore deal to remake Sholay.
Sep 05, 2007
There are bad ads, good ads and then there is the third kind... The controvertial ads! Amul Macho was successful in raising a few eyeballs and more (no pun!) among a few in the Information and Broadcasting Industry of India. Also, RBI has fingered the corporate sector again to check the appreciating rupee. Closer home, the Indian farmer plays David to the Goliath, Reliance. It's right out of a hindi movie!
Aug 28, 2007
