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
Saturday, April 10, 2010
Sunday, April 4, 2010
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.
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.
Thursday, March 25, 2010
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
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
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
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
Thursday, March 18, 2010
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
SORRY GUYS DOESN'T ABLE TO UPDATE MY BLOG DUE TO SOME PERSONAL REASONS..
THANKS
Wednesday, March 10, 2010
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..
YOUR COMMENT HAVE THE MOST PRIORITIES..
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