Copy of Steve Jobs Resignation letter sent to the Employees of APPLE

Letter from Steve Jobs

To the Apple Board of Directors and the Apple Community:

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve



Source: Apple


Your comments on this will be Highly appreciated.

Puneet Goel

INDIAN RUPEE RS GETTING CHANGE

Rupee Symbol of India or Indian Rupee Symbol going to change by Central government of India and RBI as the government a year back has been announced contest to design the symbol and the winning entry whose design of Rupee Symbol of India or Indian Rupee Symbol selected will get Rs 2,50,000. The Union Cabinet will today decide on the symbol for Indian Rupee, a privilege (unique identity) available only to major currencies like dollar, euro, pound, sterling and yen.

Central government of India, Reserve Bank of India (RBI) and Indian finance ministry has short-listed some new Indian rupee symbol from the contest across the globe. The five shortlisted designs are unique and contemporary. Some of them reflect the Devanagari script ‘R’ crossed with lines. The selected designs are simple, easy to write and are designed to appeal to the Indian and international community.

The proposal for the new Indian rupee symbol contest which was announced by Finance Minister Pranab Mukherjee in 2009 in Indian budget session in parliament also said to be encouraged by the growing influence of the Indian economy in the global arena.

Before one year Indian Government announced contest to design the new rupee symbol which winning entry gets prize money of Rs 2,50,000 and the most important criterion for the new rupee symbol selections were:-

1. The symbol should be applicable to standard keyboard.

2. The symbol has to be in the Indian National Language Script or a visual representation.

3. The symbol should represent the historical & cultural ethos of the country as widely accepted across the country.

FINAL RESULT OF BWA AUCTION

THE FINAL RESULT IS THAT THE INFOTEL THE ANAND NAHTA PROMOTED COMPANY IS THE ONLY AND SOLE COMPANY WHO GOT THE PAN INDIA LICENSE IN INDIA. AND THE BUZZ AFTER AMBANI BROTHER COMING BACK HOME AND LEFT THERE DIFFERENCE IN PEACE. NOW ITS IS SEEMS THE OLDER AMBANI(MUKESH AMBANI) DREAM WITH THE TELECOM CAN BE RELISHED HERE AND NOW ITS HAS BEEN LEARNED THAT RIL IS IN TALK TO BUY INFOTEL... SO I PERSONALLY WELCOM THE MOVE OF OLDER AMBANI. INFOTEL HAS TO PAY Rs 12,898 CRORE APPROX..

CLICK HERE TO KNOW MORE IN DETAIL ABOUT THE STRUCTURE AND WINNING BID OF BWA AUCTION

WOPPPS

BHARTI GOT LICENSE IN 4 CIRCLE
AIRCEL GOT LICENSE IN 13 CIRCLE
INFOTEL THE MAJOR OF ALL GOT PAN INDIA
OTHER SUCCESSFULL COMPANIES ARE QUALLCOMM AND TIKONA WIRELESS

AND SUPRISE SUPRISE NO LICENSE FOR JR. AMBANI REALIANCE COMMUNICATION(ANIL AMBANI)

NEWS RELATED TO AMBANIS

THE YOUNGER AMBANI HAS STARTED AN INFORMAL TALKS WITH THE MTN GROUP.. BEFORE THERE PEACE PACT . NOW LETS C THE RELIANCE ADAG WILL ABLE TO CONTROL THE STAKE OF MTN THIS TIME . AND IF THE AMBANI IS ABLE TO MERGE MTN WITH RELIANCE COMMUNICATION THEN IT WILL BECOME THE 3RD LARGEST TELECOM COMPANY IN THE WORLD...


THANKS

LOOKING FORWARD FOR UR VALUABLE COMMENTS
javascript:void(0)
PUNEET GOEL

3G AUCTION ENDS

AT LAST TODAY 3G AUCTION HAS BEEN END AND THE MOST IMPORTANT THING IS THAT THROUG THIS THE REVENUE OF THE INDIAN GOVERNMENT WILL BE AROUND 14.6 BILLION US$. AND THE HIGEST PAID CIRCLE IS DELHI WITH 3316.93, GOES TO BHARTI, RCOM AND VODAFONE.. NO ONE GETS PAN INDIA LICENCE. THE CIRCLE GET LIKE

COMPANY NO.OF CIRCLES
VODAFONE 11
BHARTI 13
RCOM 13
IDEA 09
TATA 09
AIRCEL 11
STEL 03


FOR FULL DETAIL FOLLOW THE LINK

3G AUCTION LAST FILE CLICK HERE

NEED UR VALUABLE COMENTS...........

COMPILED BY:

PUNEET GOEL

DIRECT FROM THE AUCTION VENUE ... OF 3G

AT THE END OF DAY 1 ONLY 1 STATE HAS BEEN COMPLETED AND 3 PRIVATE PLAYERS ARE FINALISED AFTER THE 5 ROUND OF AUCTION AT THE PRICE OF RS 373.62 CRORE. THE NAME WILL BE ANNOUNCED ON 11TH APRIL. AND ALL THE OTHER DETAILS ARE AS FOLLOWS:
GOOGLE GROUP
3G AUCTION FILE CLICK HERE

CHECK THE LINK YOURSELF

ALSO CHECK FOR THE NEW UPDATES REGARDING THE SAME TELECOMS STORIES ...

THANKING YOU

REGARD

PUNEET

The inside scoop on Lehman's collapse

A literary genre to emerge from the financial crisis is the Big Bank Biography, led by "The Partnership," Charles Ellis' history of Goldman Sachs, and several tales of the end of Bear Stearns & Co.

Add to this list Vicky Ward's "The Devil's Casino," an inside account of the egos and rivalries that guided Lehman Brothers from the 1980s to its catastrophic end in 2008. The story couldn't be more timely, coming as investigations allege gory new details of its fall such as how top executives hid borrowing.

Ward's book is rich on details, like CEO Dick Fuld's aversion to Casual Friday (the end of Western Civilization, as he saw it) but almost empty on the firm's storied first 100 years. As Ward, a contributing editor at Vanity Fair, explains, that story has been told elsewhere.

Her book takes off from 50 pages of an official history that was commissioned by the firm in 2003.

The pages were never published because so many executives painted negative portraits of Fuld and offered so many disparate accounts that the firm's own writers could not weave a clean tale for public consumption.

They got that one right. In Ward's hands, the notes become a gold mine of gossip and the basis for further revealing interviews. Affairs poison friendships. Money changes priorities. And the wives of top executives gripe how hard it was to pack for a retreat featuring hiking by day and fancy dinners by night.

There are tales to admire as well: the firm comes alive on Sept. 11, 2001, when it lost only one of the hundreds of its employees at the World Trade Centre, then brings itself back into operation days later because technicians had carried crucial servers down many flights of stairs out of the doomed building.

Fuld often emerges in the book as a sympathetic character, committed to his family and to various charities, and, like a good chief executive, at pains to mend feuds.

But when Ward connects the dots, the rough conclusion she comes up with is that fatal flaws of Fuld's culture brought Lehman down. Briefly: his ambition to match Goldman Sachs and other firms led Lehman to pile on too much risk, such as the mortgage-backed securities that ultimately proved fatal.

The problem with this analysis is that Lehman's fall does not lend itself to a cultural explanation alone. It is also a story of a firm allowed to become too big to fail by regulators navigating uncharted waters.

And, despite speaking with nearly all the central players and getting terrific details of the desperate, last-ditch negotiations to save Lehman, she lacks several key accounts including that of Fuld himself, who is hamstrung by lawsuits.

This is the limit of the Big Bank Biography: without subpoena power, the full picture is out of reach.

No matter how good the gossip, top executives are also actors in a wider financial system, and the inside story can only explain so much.

DETAILS OF BWA

BROADBAND AND WIRELESS AUCTION (BWA) HAS BEEN SCHEDULE FOR THE AUCTION AFTER 3 DAYS OF SUCCESSFULL COMPLETION OF 3G AUCTION. i.e. on 12th april 2010(if 3g spectrum will auctioned on the said date that is on 9th april 2010). THE FOLLOWING COMPANIES HAS APPLIED FOR THE SAME..

Aircel Limited
Augere (Mauritius) Limited
Bharti Airtel Limited
Idea Cellular Limited
Infotel Broadband Services Private Limited
Qualcomm Incorporated
Reliance WiMax Limited
Spice Internet Service Provider Private Limited
Tata Communications Internet Services Limited
Tikona Digital Networks Private Limited
Vodafone Essar Limited

3G AUCTION DETAILS

THE FOLLOWING COMPANIES HAVE APPLIED FOR PARTICIPATING IN PAN INDIA 3G SEPECTRUM AUCTION TO BE AUCTIONED ON 9TH APRIL 2010

Aircel Limited
Bharti Airtel Limited
Etisalat DB Telecom Private Limited
Idea Cellular Limited
Reliance Telecom Limited
S Tel Private Limited
Tata Teleservices Limited
Videocon Telecommunications Limited
Vodafone Essar Limited

LATEST NEW FROM THE BUSINESS WORLD

THE NEWS IS THAT THE CIPLA'S VERY OWN ABORTION BRAND IPILL THEY HAD SELL THAT BRAND TO PIRAMAL HEALTH CARE FOR RS. 95 CRORE.

AND THE NEXT BIG NEW IS THAT AT&T THE AMERICA'S TOP TELECOM OPERATOR HAS JUST PICKED UP NEAR ABOUT 9% STAKE IN TECH MAHINDRA FOR UNDISCLOSED AMOUNT. THIS TRANSACTION WAS OFF MARKET TRANSACTION AND THE AMOUNT OF SHARE IN IT IS 8.03 CRORE SHARES.

THANKS

latest buzz

PIRAMAL BIOTECH : THERE MEDICAL ARM IS RIGHT NOW LOOKING AND ROLLING OUT THE CANCER RELATED MEDICINE CHEAPER THEN THE RIGHT NOW PRESENT IN THE MARKET. THE COMPANY HAS ALSO GOT THE FORMAL APPROVAL FOR SALE IN EUROPE AND AMERICA AND IN INDIA THE TRIAL ARE GOING ON...
SORRY GUYS DOESN'T ABLE TO UPDATE MY BLOG DUE TO SOME PERSONAL REASONS..

THANKS

LATEST BUZZ @ MARKET

THERE ARE 3 COMPANIES NBFC WHO ARE LIKELY TO BECOME THE WHOLE TIME BANKING UNDER RBIA ACT 1934. THE 3 COMPANIES ARE IFCI , IDBI AND THE LAST BUT NOT THE LEAST RELIANCE ADAG GROUP COMPANY RELIANCE CAPITAL...


YOUR COMMENT HAVE THE MOST PRIORITIES..

SACHIN TENDULKAR CV

YOU CAN DOWNLOAD IT FROM HERE

http://groups.google.com/group/financerelated/files?edit=1

IMPLICATION OF BUDGET 2010 ON BUSINESS INCOME..

Tax Rates

Tax rate for firms, LLP and companies remain the

same as per last year's budget.

• However surcharge in the case of domestic

company gets reduced from existing 10% to 7.50%

for the Financial Year 2010-2011.

• Similarly surcharge in the case of dividend

distribution tax and minimum alternate tax gets

reduced to 7.50 %.

MAT

• Minimum Alternate Tax (MAT) rate has been

increased from 15 % to 18 %. Rate of MAT for the

company on the basis of profit will be as under:-

- Book Profit exceeds Rs. 1.00 crore - 19.93%

- Book Profit upto Rs. 1.00 Crore - 18.54%

Deemed Gift

• Taxation of deemed gift has been introduced. If a

company/ firm acquires shares of other unlisted

company for inadequate consideration or without

consideration and aggregate fair market value

exceeds Rs. 50,000/. This provision will apply w.e.f.

1 June 2010.st

Non Residents

• It is proposed to expand the scope of taxation of

non residents.

• If a non resident earns interest , royalty or technical

fees, it will be deemed to accrue or arise in India,

whether or not services are rendered in India or

outside India.

• This amendment is introduced to nullify the impact

of judicial ruling in favour of assesee and is to be

applied retrospectively from FY 1976-77.

• This provision will also have implication in case of

TDS on payment to non resident

Depreciation

• It is proposed that the company and LLP will

apportion the depreciation allowable under the Act

in the ratio of number of days for which assets were

used by them in case of conversion of private

limited or public unlisted company to LLP as per the

amended provisions of Act.

• Further WDV of assets in case of such LLP will be

WDV of assets of company before such conversion.

• LLP can claim the benefit of unabsorbed brought

forward loss and depreciation in case of conversion

of company.

• However MAT credit gets lapsed in the hand of LLP

in case of conversion of company.

Research

• Deduction of amount paid to research association is

proposed to be enhanced to one and three

fourth time of sum paid as against existing of one

and one fourth time of sum paid.

• For specified businesses i.e. pharmaceutical,

chemical computers, who incur expenditure on

scientific research, the weighted deduction to the

extent of two time of the amount spent will be

allowed as against existing one and one half time of

amount spent.

Hotel

• A person will be allowed to claim deduction of

expenditure of capital nature incurred on a new

hotel of two star and above category.

• The expenditure will be allowed in the year in which

hotel commence the operation and entire capital

expenditure incurred prior to commencement of

hotel will be eligible for deduction.

• However the assessee will not be able to claim any

other deduction in any other assessment year.

Capital gain on conversion to LLP

• It is proposed that conversion of private limited or

public unlisted company to limited liability

partnership will not result into transfer and capital

gain on such conversion will not attract tax.

• However this clause is non starter since condition

attached with such exemption is rigorous i.e. sales

of company in preceding three year should not

exceed 60 lacs, partners can not withdraw any

money out of balance of accumulated profit

standing in the accounts on the day of conversion,

partners can not receive any consideration / benefit

directly or indirectly from LLP after conversion

during the existence of LLP etc.,
Tax Audit

• It is proposed to increase the threshold limit for the

requirement of Tax Audit.

• Now Professionals are required to get the tax audit

done if gross receipts exceeds Rs. 15. 00 Lacs and

other business entity requires to get the tax audit

done if turnover exceeds Rs. 60 Lacs.

• However penalty for non compliance of tax audit

provision will attract maximum penalty of Rs. 1.50

Lacs in place of existing penalty of Rs. 1.00 lacs.

Housing Project

• Deduction for housing project approved after

1 April 2005 will be allowed in case project getsst

completed within five year from the end of financial

year in which first approval was granted after

1/4/2005 .

• However commercial area is now restricted to 3%

of total built up area in place of existing 5% of built

up area or 5000 Sq. ft which ever is higher is

specified for claim of deduction u/s 80IB (10) of the

Act.

Valuation of Property

• Now department can refer the valuation of property

for determination of value of gift in case of transfer

of property without consideration or inadequate

consideration to valuation officer during the course

of scrutiny assessment proceeding.

BLOCK DEAL

DEAR FRIENDS AND FOLLOWERS I WOULD LIKE TO TELL U ALL THAT YESTERDAY DAIMLER GROUP HOLDING 5.27% SHARES OF TATA MOTOR HAS SELL OF NEAR ABOUT 2.97 CRORE SHARE IN THE MARKET AND CITI AND TATA SONS BOTH BUY THOSE 2.97 CRORE SHARE FROM DAIMLER GROUP. ITS HAS BEEN SAID THAT THE DAIMLER GROUP HOLD THOSE SHARES FOR PAST 57 YEARS AND NOW THAT PARTNERSHIP HAS BEEN FINISHED. AND THEY SAID TATA BYE BYE TO EACH OTHER. TATA MOTOR 1 OF THE LARGEST AUTOMOBILE COMPANY BY VOLUME .

WOMEN BILL GOT PASSED IN RAJYA SABHA BY 186 IN YES AND 1 IN AGAINST

Prime Minister Manmohan Singh said the historic women's reservation bill set to pass in the Rajya Sabha on Tuesday was "a historic step forward" for the emancipation of the Indian women.

"This is a momentous development in the long journey of empowering our women," he said at the end of a lively debate on the bill that reserves a third of all seats in parliament and state assemblies for women.

"The bill that is going to be passed today is a historic step forward, a giant step forward in strengthening the process of emancipation (of women)," he said, drawing thunderous applause.

Speaking extempore, Manmohan Singh said that despite the many progress achieved by women in India, "we have also to recognise that ... our women have faced enormous difficulties..."

"Our women faced discrimination at home, there is domestic violence, they face discrimination in equal access to education, healthcare, there are all these things. All these things have to end if India were to realise its full potential."

He went on: "What we are going to enact today is a small token of homage to the sacrifices our women have made in nation building, in the freedom struggle, in all other nation building activities."

The prime minister admitted that some members had reservations about the bill.

"They would have liked some recognition of the disabilities of the minorities, the disabilities of backward classes, of Scheduled Castes and Scheduled Tribes.

"I do recall and I do recognise that our minorities have not got adequate share of the fruits of our development. Our government is committed to work sincerely for the empowerment of our minority communities."

He underlined that the proposed legislation was "not an anti-minority bill, it is not an anti-Scheduled Caste bill, anti-Scheduled Tribes bill."

"It is a giant step forward, it is a historical occasion which calls for celebrations."

The prime minister also expressed "deep sorrow" and apologised to Rajya Sabha Chairman Hamid Ansari for the "disrespect shown to you" by MPs ranged against the women's reservation bill.

"I owe you a profound apology for the disrespect shown to you. These things should never have happened. They have happened, and we have to reflect how to we have to streamline our functioning in future so that these things don't take place," he said.

Although he did not name any political party, he was referring to the noisy and unruly protests by members of the Samajwadi Party and Rashtriya Janata Dal in particular, some of whom snatched the bill from Ansari Monday, tore it up and flung the pieces at him.

On Tuesday, a disgusted Ansari suspended seven MPs, who were thrown out of the house by marshals for the debate to begin.

In the same breath, Manmohan Singh acknowledged the role played by "all political parties whose cooperation has made it possible for us to enact this historic legislation".

MERGER AND AQUISITION

THERE ARE SEVERAL MERGERS AND AQUISTION TAKING PLACE IN INDIA INC. THE COMPANY WILL ARE LEADING ARE ESSAR STEEL LIKELY TO TAKE OVER 1 FORIEGN STEEL COMPANY FOR AROUND 500 MILLION US $. THEN WE HAVE TANLA SOLUTION.MORE NAME WILL FOLLOW.

NOT LATEST BUT REAL

THE BIDDING PROCESS HAS BEEN CANCELLED.. AND THE POST WHICH HAS BEEN POSTED YESTERDAY REMAIN AND GOES DOWN IN THE DARK.
FROM THE MOUTH OF LALIT K MODI-

We got letters from many companies saying they wanted to bid. But could not due to 1 billion net worth criteria.

NEW DATE FOR THE FRESH TENDER FOR 2 IPL TEAM ARE

9TH MARCH - SALE AND DITRIBUTION OF FRESH TENDER DOCUMENTS FROM WANKHADE STADIUM OFFICE AT 10.00AM IST
21ST MARCH - SUBMISSION BY 10.AM
21ST MARCH - ANNOUNCING WINNING BID BY AT 11.AM PLACE CHENNAI.


REPLY NEEDED GUYS FOR MOTIVATION..

Aamir Khan Marks Record Breaking Inning Of Rs 35 Cr Ad Deal

May be personal set back must have bogged down Aamir Khan but success seems to be much in his favor. Currently he has hit a jackpot of Rs 35 crore deal for an ad contact. The actor of ’3 Idiots’ fame has signed a contract with a UAE-based telecommunications service provider as their brand ambassador for a cool sum of 35 crore.

He has been listed as the top brand ambassador among the other celebrity figures of Bollywood, surpassing even the icons like Amitabh Bachchan and Shah Rukh Khan by hitting an unbelievable jackpot of Rs 35 crore deal for an ad. Previously, any famous celebrity would not bag an endorsement deal of more than Rs. 15-crore.

This brand endorsement deal with the UAE which the noted actor made is for a two-year contract. According to its term, Aamir will have to make himself available for an allotted number of media shoots, press advertisements and personal appearances.

In reaction to this surprising news the advertisement guru Prahlad Kakkar, who directed Aamir’s first cola commercial stated this is a hell lot of money which the actor had received in comparison to his Rs 17 lakh for Coca Cola ad in 1993.

The plus point about this actor is that Aamir brings a great degree of single-minded exclusivity to a brand, Prahlad added, “That is a hell of a lot of money to pay. He has indeed come a long way. But it isn't surprising; he brings a great degree of single-minded exclusivity to a brand. Associating with Aamir is also a plus for the product in another sense because he is very particular about the script, his own image and the image of the product he endorses.

IPO ALERTS

Incorporated in 1958, NMDC Ltd is a fully Government of India owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India. NMDC involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

NMDC is the India's single largest iron ore producer and exporter, presently producing about 30 million tons of iron ore from 3 fully mechanized mines viz., Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State) which are awarded ISO 9001-2000 certification. NMDC has the only mechanized diamond mine in the country with a capacity of 1.00 lakh carats / annum at Panna ( Madhya Pradesh State ). Apart from iron ore NMDC is developing Magnesite mine in Jammu and Arki Lime Stone Project in Himachal Pradesh.

In the past, NMDC had developed many mines like Kiriburu, Meghataburu iron ore mines in Bihar , Khetri Copper deposit in Rajasthan, Kudremukh Iron Ore Mine in Karnataka, Phosphate deposit in Mussorie, some of which were later handed over to other companies in public sector and others became independent companies.

Issue Detail:

»» Issue Open: Mar 10, 2010 - Mar 12, 2010
»» Issue Type: 100% Book Built Issue FPO
»» Issue Size: 332,243,200 Equity Shares of Rs. 1
»» Issue Size: Rs. [.] Crore
»» Face Value: Rs. 1 Per Equity Share
»» Issue Price: Rs. - Rs. Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE