Category: Business

Blogs on Ramalinga Raju, Satyam and other business-related subjects

Business1 Comment

Gold, going, going, gone !

Uma Sudhir

By Uma Sudhir   Trading sentiments for the yellow metal turned bullish on heavy buying support, following turmoil in Libya and surging crude oil prices. While gold surged Rs. 200 to Rs. 21,420 per 10 grams on rising seasonal demand, silver rose by Rs. 1,250 to Rs. 54,450 per kg on heavy buying by stockists and industrial units, amid firm global cues. However, such a rise has hardly made any difference in the enthusiasm of Indian buyers. http://www.ndtv.com/video/player/news/gold-hits-record-rs-21-420-silver-at-31-yr-high/192958 (video of the story) Continue reading Gold, going, going, gone !

Andhra Pradesh, Business, Hyderabad, Telangana2 Comments

No T impact on IT

Uma Sudhir

By T S Sudhir It was always believed that the brand equity of Hyderabad suffered as a result of the Telangana agitation and that scared investors shunned the city. However, figures now show that Hyderabad’s strength as an IT hub has not suffered a dent. http://www.ndtv.com/video/player/news/no-impact-of-telangana-on-hyderabad-s-it-industry/188618 (video of the story on NDTV) Continue reading No T impact on IT

Andhra Pradesh, Business, Hyderabad, Tourism2 Comments

After mouse, it’s mice

Uma Sudhir

By T S Sudhir Lord Ganesha may not have been the inspiration when in 1995, Chandrababu Naidu chose the mouse as his hi-tech vehicle to hardsell Hyderabad. Impressed with a IT-savvy politician, the who’s who of the IT world connected to the 400-year-old city. Fifteen years on, Andhra Pradesh is playing pied piper. It wants to be the favoured MICE destination in India. MICE expands to Meetings, Incentives, Conventions and Exhibitions. As a first step, 720 members of the International Congress and Conventions Association (ICCA) trooped into Hyderabad this week, to see for themselves what the aspiring-to-be-big city had on … Continue reading After mouse, it’s mice

Agriculture, Andhra Pradesh, Business, Human interest blogs1 Comment

Benaam and badnaam

Uma Sudhir

By Uma Sudhir Responding to Pranab Mukherjee’s call, the biggest MFI in the country, SKS Microfinance has slashed interest rate to 24 per cent and the Andhra Pradesh government said it would set up a joint working group with industry. This has happened even as a new scam has surfaced in the debate on regulation of MFIs. Benami loans, made possible by collusion of agents. With no database or checks on who is borrowing how much and for what purpose, and no regulation on multiple loans, overindebtedness is pushing the most vulnerable to the brink. Meanwhile, former chief minister Chandrababu Naidu has asked people not to repay their loans … Continue reading Benaam and badnaam

Andhra Pradesh, Business, Human interest blogs1 Comment

Not a micro tragedy

Uma Sudhir

  By Uma Sudhir Amid a spate of suicides by borrowers in Andhra Pradesh, micro finance companies has came under lens with the state promulgating an ordinance to check their activities and RBI announcing setting up of a panel to study their functioning. About 30 persons have committed suicides in the past 45 days. http://www.ndtv.com/video/player/news/microfinance-companies-under-lens-as-suicides-soar/169816?cp (video of my story aired on NDTV Profit and NDTV 24×7) Continue reading Not a micro tragedy

Andhra Pradesh, Business, Human interest blogsLeave a comment

Banking with many zeros !

Uma Sudhir

By T S Sudhir Private banks, move over. The State Bank of India comes to you in a new avatar. Almost as if it is an ad for India Shining. India’s first bank branch for the crorepatis … though the SBI doesn’t quite like the tag since it goes against its Public sector image ! http://www.ndtv.com/video/player/news/hyderabad-bank-says-crorepatis-welcome-others-are-not/162654 (video of the story aired on NDTV 24×7) Continue reading Banking with many zeros !

Business1 Comment

Raju gets off the tiger

Uma Sudhir

By T S Sudhir Ramalinga Raju has logged himself off the CBI net. After several unsuccessful attempts to get bail, Raju’s plea on health grounds found favour with the Andhra Pradesh High court on Wednesday. This even as NIMS doctors, who have been painting a rather gloomy picture of Raju’s health status so far, now claimed his virus count was down from one crore to just 30. And that he needed to be in hospital for just another 16 weeks. Raju transformed from a suave, sophisticated corporate leader to a cheat on January 7, 2009. This even as he now claims that … Continue reading Raju gets off the tiger

Business, Human interest blogs, Sports1 Comment

Kalmadi gets Hyderabadi tigers for CWG

Uma Sudhir

By T S Sudhir At a time when Suresh Kalmadi is being eaten for breakfast, lunch and dinner by the media, politicians and the public, the all-powerful chairman of the Organising Committee of the Commonwealth Games has brought in the tigers. In fact, in contrast to just about everything that is running behind schedule, the tigers have arrived on time. 23 of them, from Hyderabad. Kalmadi will hope Shera, the mascot for the Games, will drown every other noise of dissent with his roar. “There were no kickbacks,” joked Bhanu Nagender, the CEO of Inflatable Ideas. “We got the order to provide … Continue reading Kalmadi gets Hyderabadi tigers for CWG