Tweet Just came back from a class the read that in the Satyam Computer’s balance sheet of 5361 crore , 5040 crore is fictitious money and and accrued interest of 376 crore is non-existent! Some accounting I must say. I hear you say something about having auditors? Well PricewaterhouseCoopers are said to be the auditors [...]
Tweet I was talking to my younger nephew yesterday (Brat 2) and I could hear the excitment in his voice so clearly even across many thousand miles on the phone. Along with many friends, they had organized a local football tournament for under 16 and under 12 age group and they had over 100 people [...]
Tweet For a long time I have resisted the urge to link to articles related to the financial meltdown though I have been following it to the best of my ability. But the reaction of the Swiss investors to the UBS debacle as reported in BBC is just too good to pass. Among other things, [...]
Tweet Construction in Gurgaon I have putting my camera phone to use. This is a construction site in Gurgaon. In spite of the Hard Hat sign there were so many people down there without a hat of any kind. A few days back we were having a discussion on Indiamike that has some relevance here. [...]
Tweet Professor Paul Krugman won the Nobel Prize for Economics for 2008. I have been a huge fan of his writing at the New York Times which I have been following religiously for the last few months since the world financial markets went into a turmoil. I remember Professor Krugman arguing quite sometime back, in [...]
Tweet Since I ran away from the last tag, I thought I would pick up a tag by Emma that I could not complete and it was months ago. And this time it is about books. The list of the books is long and I have read much less than what I would ideally like [...]