How to Change Mobile Operator / Company – Keeping Same Number

November 24, 2010 · Filed Under telecom · 7 Comments 

The much awaited mobile Number Portability in India will go live tomorrow in Haryana. What does this mean ? This means you can keep your mobile number and change to any Telecom Operator of your choice.

Frequently Asked Questions Regarding Mobile Number Portability Mobile Expert and Leading Haryanvi Engineer Geeta compiled these Question and Answers helpful for the consumer.

Can the incumbent operator delay sending the Unique Processing Code (UPC)?
A. No. The UPC is sent by an automated system and Read more

Government Sponsored Black Money Investment – Residential Plots

November 23, 2010 · Filed Under / · 3 Comments 

What the F**k does the Title of this Article say ? Well, welcome to the real world – Karnataka – Land of Corruption and Scamsters. I am narrating a real life experience of mine at the office of sub-registrar in Karnataka.

I saw a transaction where the BUYER and the SELLER were counting bundles of CASH which I have never seen in my life. This is how the deal was worked out. The valuation was done at INR X. The Buyer wanted to just pay just 1/4th of the X White [White in the sense, on which he will pay the stamp duty] and the rest is CASH. By the virtue of Karnataka Land Registration Act, all deals below Read more

Insider Trading SEBI Lacks the Will to Prosecute Mukesh Ambani

November 23, 2010 · Filed Under / · Comment 

The Securities and Exchange Board of India headed by Shri C.B.Bhave is taking a laid back approach to prosecute Reliance Industries Chairman, Mukesh Ambani indicted in insider trading in his own Reliance Shares. Information sought on the case has been denied and a shameless response which states that SEBI is not bound by Time to complete an investigation was furnished to us.

Compare this to SEC in the United States – The officials have gone public about the Massive Insider Trading which includes the big names of Wall Street and the report will be released within the next week which has sent markets across the world Read more

Mobile money – Game Changer – Financial Inclusion

November 23, 2010 · Filed Under bank · Comment 

Mobile banking was a solution that fit developing world needs like a glove. Most developing countries have suffered from low penetration of banking and electronic cash. The model is being led by various types of entities: banks, mobile companies and third-party aggregators. In India, the push for mobile banking is coming from the banking regulator committed to financial inclusion.

The biggest GameChanger for mobile banking will be its ability to converge the twin objectives Read more

October Indian Inflation at a High of 8.6%

November 16, 2010 · Filed Under business · Comment 

Indian inflation continued to remain extremely high with October inflation printing at 8.6% oya (0.6% m/m, sa). Underpinning this month’s inflation was a sharp acceleration in non-food primary articles (e.g. fibres, silks, rubber) reflecting the sustained rise in global commodity prices in recent weeks.

More worryingly, while the level of manufacturing ex-food inflation continues to remain sticky at the 5% level, its monthly momentum Read more

Minimum Wage in India

November 12, 2010 · Filed Under / · Comment 

The laid back Indian Government doesn’t have the concept of Minimum Wage fixed by the State. However, the introduction of National Rural Employment Guarantee Scheme [NREGA] has made the wage as benchmark across every town in India. Metros and Tier-I cities [Read State Capitals and Cities over 1 Mn Population] have 150% the NREGA rate as Minimum wage. Gotta love the dynamics of market, ir-respective of what government does or probably doesn’t ;-)

Power Grid Corporation fixes FPO price band at Rs 85-90 per share

November 8, 2010 · Filed Under / · Comment 

State-owned Power Grid Corporation of India has fixed price band for its proposed Follow-on Public Offer (FPO) at Rs 85-90 per share. A 5% discount will be available to retail investors and eligible employees at the issue price on allotment. The FPO worth around Rs 7,600 crore comprises of 84 crore equity shares of Rs 10 each representing 20% of existing paid-up capital of the PSU. Read more