Untitled!

For almost a decade I have been taking a train to kerala, where I used to go to met my grand-parents. I used to always be excited. I don’t know whether it was the excitment of eating the train food or the various sounds and smells that overcomes one orifactory senses all along, or the taste buds that are tingled at various points of the way. My train journeys used to terminate at Kochi. the hub-bub city mixed with the traditional gaiety of rural life. I used to spend some time with my paternal grand parents and then move on to meeet my maternal grandparents. I used to look forward to this bus journey as well. I used to wonder if I would eat something on the way. the problem was I used to always put my stomach before me. Many years ago, my maternal grandparents passed awaay. I was feeling bad the entire week, and finally I wondered if I would ever travel that way again. Two years ago, a friend of mine and I were enroute to munnar from Kochi. The bus took the same route as it always took, national highway, turned right, turned left, went straight, etc. etc…. it was thn that I saw far away and noticed the far hills washed green with grass, embedded with golden coloured rocks, the lush green carpet of growing rice fields, welcoming me, the chirping of birds and insects, singing my song, th gurgle and the roar of the periyar river.

It was then, when it all made sense, I had seen the scenery more than a hundred times, but on that day in april, on that bus, I noticed it, and it was on that day I truly missed my grandparents.

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I found this piece that I had writen tucked away somwehere, and decided to blog it!

100 things we didn’t know this time last year

A rather interesting read! did not know such a thing even existed.

Beach huts in Hove

10 beach huts by Angela Pini

1. The UK’s first mobile phone call was made 20 years ago this year, when Ernie Wise rang the Vodafone head office, which was then above a curry shop in Newbury.

2. Mohammed is now one of the 20 most popular names for boys born in England and Wales.

3. While it’s an offence to drop litter on the pavement, it’s not an offence to throw it over someone’s garden wall.

10 toes by Stuart Evans

4. An average record shop needs to sell at least two copies of a CD per year to make it worth stocking, according to Wired magazine.

5. Nicole Kidman is scared of butterflies. “I jump out of planes, I could be covered in cockroaches, I do all sorts of things, but I just don’t like the feel of butterflies’ bodies,” she says.

6. WD-40 dissolves cocaine – it has been used by a pub landlord to prevent drug-taking in his pub’s toilets.

7. Baboons can tell the difference between English and French. Zoo keepers at Port Lympne wild animal park in Kent are having to learn French to communicate with the baboons which had been transferred from Paris zoo.

8. Devout Orthodox Jews are three times as likely to jaywalk as other people, according to an Israeli survey reported in the New Scientist. The researchers say it’s possibly because religious people have less fear of death.

9. The energy used to build an average Victorian terrace house would be enough to send a car round the Earth five times, says English Heritage.

10 butterfly eggs by Peter Rettenberger

10. Humans can be born suffering from a rare condition known as “sirenomelia” or “mermaid syndrome”, in which the legs are fused together to resemble the tail of a fish.

11. One in 10 Europeans is allegedly conceived in an Ikea bed.

12. Until the 1940s rhubarb was considered a vegetable. It became a fruit when US customs officials, baffled by the foreign food, decided it should be classified according to the way it was eaten.

13. Prince Charles broke with an 80-year tradition by giving Camilla Parker Bowles a wedding ring fashioned from Cornish gold, instead of the nugget of Welsh gold that has provided rings for all royal brides and grooms since 1923.

14. It’s possible for a human to blow up balloons via the ear. A 55-year-old factory worker from China reportedly discovered 20 years ago that air leaked from his ears, and he can now inflate balloons and blow out candles.

15. Lionesses like their males to be deep brunettes.

16. The London borough of Westminster has an average of 20 pieces of chewing gum for every square metre of pavement.

17. Bosses at Madame Tussauds spent £10,000 separating the models of Brad Pitt and Jennifer Aniston when they separated. It was the first time the museum had two people’s waxworks joined together.

18. If all the Smarties eaten in one year were laid end to end it would equal almost 63,380 miles, more than two-and-a-half times around the Earth’s equator.

19. The = sign was invented by 16th Century Welsh mathematician Robert Recorde, who was fed up with writing “is equal to” in his equations. He chose the two lines because “noe 2 thynges can be moare equalle”.

10 on Ford GT40 by Tony Crowther

20. The Queen has never been on a computer, she told Bill Gates as she awarded him an honorary knighthood.

21. One person in four has had their identity stolen or knows someone who has.

22. The length of a man’s fingers can reveal how physically aggressive he is, scientists say.

23. In America it’s possible to subpoena a dog.

24. The 71m packets of biscuits sold annually by United Biscuits, owner of McVitie’s, generate 127.8 tonnes of crumbs.

25. Nelson probably had a broad Norfolk accent.

26. One in four people does not know 192, the old number for directory inquiries in the UK, has been abolished.

27. Only in France and California are under 18s banned from using sunbeds.

28. The British buy the most compact discs in the world – an average of 3.2 per year, compared to 2.8 in the US and 2.1 in France.

29. When faced with danger, the octopus can wrap six of its legs around its head to disguise itself as a fallen coconut shell and escape by walking backwards on the other two legs, scientists discovered.

10 hangers by Patrick McGarry

30. There are an estimated 1,000 people in the UK in a persistent vegetative state.

31. Train passengers in the UK waited a total of 11.5m minutes in 2004 for delayed services.

32. “Restaurant” is the most mis-spelled word in search engines.

33. Chelsea boss Jose Mourinho has only been in an English pub once, to buy his wife cigarettes.

34. The Little Britain wheelchair sketch with Lou and Andy was inspired by Lou Reed and Andy Warhol.

35. The name Lego came from two Danish words “leg godt”, meaning “play well”. It also means “I put together” in Latin.

36. The average employee spends 14 working days a year on personal e-mails, phone calls and web browsing, outside official breaks, according to employment analysts Captor.

37. Cyclist Lance Armstrong’s heart is almost a third larger than the average man’s.

38. Nasa boss Michael Griffin has seven university degrees: a bachelor’s degree, a PhD, and five masters degrees.

39. Australians host barbecues at polling stations on general election days.
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10 grandchildren – five kids and their portraits – by Jimmy Martin

40. An average Briton will spend £1,537,380 during his or her lifetime, a survey from insurer Prudential suggests.
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41. Tactically, the best Monopoly properties to buy are the orange ones: Vine Street, Marlborough Street and Bow Street.
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42. Britain’s smallest church, near Malmesbury, Wiltshire, opens just once a year. It measures 4m by 3.6m and has one pew.
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43. The spiciness of sauces is measured in Scoville Units.
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44. Rubber gloves could save you from lightning.
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45. C3PO and R2D2 do not speak to each other off-camera because the actors don’t get on.

46. Driving at 159mph – reached by the police driver cleared of speeding – it would take nearly a third of a mile to stop.
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47. Liverpool has 42 cranes redeveloping the city centre.

48. A quarter of the world’s clematis come from one Guernsey nursery, where production will top 4.5m plants this year alone.

49. Tim Henman has a tennis court at his new home in Oxfordshire which he has never used.

10 penguins

10 penguins by Nic Evans

50. Only 36% of the world’s newspapers are tabloid.

51. Parking wardens walk about 15 miles a day.
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52. You’re 10 times more likely to be bitten by a human than a rat.
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53. It takes 75kg of raw materials to make a mobile phone.
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54. Deep Throat is reportedly the most profitable film ever. It was made for $25,000 (£13,700) and has grossed more than $600m.

55. Antony Worrall-Thompson swam the English Channel in his youth.

56. The Pyruvate Scale measures pungency in onions and garlic. It’s named after the acid in onions which makes cooks cry when cutting them.

57. The man who was the voice of one of the original Daleks, Roy Skelton, also did the voices for George and Zippy in Rainbow.

58. The average guest at a Buckingham Palace garden party scoffs 14 cakes, sandwiches, scones and ice-cream, according to royal accounts.

59. Oliver Twist is very popular in China, where its title is translated as Foggy City Orphan.

10 bales of straw by Peter Bradshaw

60. Newborn dolphins and killer whales don’t sleep for a month, according to research carried out by University of California.

61. You can bet on your own death.
Full story

62. MPs use communal hairbrushes in the washrooms of the Houses of Parliament.

63. It takes less energy to import a tomato from Spain than to grow them in this country because of the artificial heat needed, according to Defra.

64. New York mayor Michael Bloomberg’s home number is listed by directory inquiries.

65. Actor James Doohan, who played Scotty, had a hand in creating the Klingon language that was used in the movies, and which Shakespeare plays were subsequently translated into.

66. The hotter it is, the more difficult it is for aeroplanes to take off. Air passengers in Nevada, where temperatures have reached 120F, have been told they can’t fly.

67. Giant squid eat each other – especially during sex.

68. The Very Hungry Caterpillar has sold one copy every minute since its 1969 publication.
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69. First-born children are less creative but more stable, while last-born are more promiscuous, says US research.

10 sunbeds by Ann Cooper

70. Reebok, which is being bought by Adidas, traces its history back more than 100 years to Bolton.

71. Jimi Hendrix pretended to be gay to be discharged from the US Army.

72. A towel doesn’t legally reserve a sun lounger – and there is nothing in German or Spanish law to stop other holidaymakers removing those left on vacant seats.

73. One in six children think that broccoli is a baby tree.

74. It takes a gallon of oil to make three fake fur coats.

75. Each successive monarch faces in a different direction on British coins.

76. The day when most suicides occurred in the UK between 1993 and 2002 was 1 January, 2000.

77. The only day in that time when no-one killed themselves was 16 March, 2001, the day Comic Relief viewers saw Jack Dee win Celebrity Big Brother.

78. One in 18 people has a third nipple.

79. The section of coast around Cleethorpes has the highest concentration of caravans in Europe.

10 snowdrops by Bryce Cook

80. Fifty-seven Bic Biros are sold every second – amounting to 100bn since 1950.

81. George Bernard Shaw named his shed after the UK capital so that when visitors called they could be told he was away in London.

82. Former Labour MP Oona King’s aunt is agony aunt Miriam Stoppard.

83. Britain produces 700 regional cheeses, more even than France.

84. The actor who plays Mike Tucker in BBC Radio 4’s The Archers is the father of the actor who plays Will Grundy.

85. Japanese knotweed can grow from a piece of root the size of pea. And it can flourish anew if disturbed after lying dormant for more than 20 years.

86. Hecklers are so-called because of militant textile workers in Dundee.

87. Pulling your foot out of quicksand takes a force equivalent to that needed to lift a medium-sized car.

88. A single “mother” spud from southern Peru gave rise to all the varieties of potato eaten today, scientists have learned.

89. Spanish Flu, the epidemic that killed 50 million people in 1918/9, was known as French Flu in Spain.

10 kebabs by Harpreet Punny

90. Ordinary – not avian – flu kills about 12,000 people in the UK every winter.

91. Croydon has more CCTV cameras than New York.

92. You are 176 times more likely to be murdered than to win the National Lottery.

93. Koalas have fingerprints exactly like humans (although obviously smaller).

94. Bill Gates does not have an iPod.

95. The first traffic cones were used in building Preston bypass in the late 1950s, replacing red lantern paraffin burners.

96. Britons buy about one million pumpkins for Halloween, 99% of which are used for lanterns rather than for eating.

97. The mother of stocky cricketer – and this year’s Strictly Come Dancing champion – Darren Gough was a ballet dancer. She helped him with his pivots.

98. Nettles growing on land where bodies are buried will reach a foot higher than those growing elsewhere.

99. The Japanese word “chokuegambo” describes the wish that there were more designer-brand shops on a given street.

100. Musical instrument shops must pay an annual royalty to cover shoppers who perform a recognisable riff before they buy, thereby making a “public performance”.

btw: this is taken from http://news.bbc.co.uk/2/hi/uk_news/magazine/4566526.stm

Eleanor


December 13th 2006. Well, i guess its going to be one of those days I will never forget! I picked up my first new car! Eleanor, she is a moon mist grey Fiat Palio. Sigh! She’s such a beauty, that i am worried I might cheat on my girlfriend with her! 🙂

I have always loved the Italian Marque, in my opinion it oozes sexiness and masculinity. My quintessential muscle care. Till such times I can pick up a hemi, I guess my Eleanor will be an Italian badge!
Buying a car, i have figured out is one of those really hard decisions. Especially if you are shelling out a lot of money to acquire this, you will always think twice at all possible stages. This means that you always wonder when you are going to be making a mistake. After you buy it, every small thing makes you wonder, “oh no, is this going to break down now” or “is this normal” or “oh my god, what is this” or “oh shit, please start” nonetheless, buying a car is stress full.

After I took delivery, I was driving so bloody carefully, i never did think that would be the scenario, 🙂 well, its a matter of time, once I get used to her, its going to be me and my love, riding down the highway!

New conspiracy!

I have just ucnovered the greatest conspiricy of all times.
Companies are getting people to work more.

now why and how did i come to that conclusion ? well, very simple! the food!
imagine if companies are serving food known to cause impotency in men. So if a man is impotent, then he cannot perform, so if he cannot perform, he will be cursed by the partner (and that leads to a fight) and if he gets cursed by the partner, he would much rather not be at home ,and if he is not at home, (he obviously cannot go to the bar, as the same problem will exist with other women as well) he will be at office. working!
Now! more efficiency, and longer working hours for the same pay!
well, that tackles 70% of emloyees. For the other 30% being women, the same food causes “performance problems” in men, and that will lead them to not enjoying their times at home, so they end up working more.
so net net! the company is able to extract more work by serving food!

Sigh!

random scriblings

I guess there seem to be a lot of “random” messages going into my blog. very many a time, the question arose, what is random. is it a series of events that have no preset order? or going deeper, are they the ones that have an order, but its just that we cannot see what the order is. It is at that level, when we see order in chaos, that we realise that we are above most materialistic goods. So many times in the past few weeks I have been wanting to sit down and just write some stuff, but never got around to doing it. work keeps me busy at ffice, and when i get back, well, i have to catch up on work at home. so, sigh! we live such busy lives that we forget what it is to live. I guess we need to blame ourselves for the scenario as we have no control over the way our life goes. well, guess what… thats random! 🙂 so, we are living a random life!

M&A heating up or heading up?

The latest figures from transaction management firm Dealogic show that the value of deals this year has already set a new record, at $3.37trillion (£1.77trillion), surpassing the previous high set during the dotcom buyout bonanza of 2000.

This year has not just been notable for the volume of M&A, it has also been remarkable for the size of the deals taking place.

The year got off to a big start with the $39.5bn takeover of French steel firm Arcelor by rival Mittal Steel in January.

In February the deals got even bigger, with Spanish utility Endesa receiving a bid from German energy group E.ON that has subsequently risen to $66bn.

And then in March, US telecoms giant AT&T agreed to acquire smaller rival BellSouth in a deal worth $83.4bn.

M&A fever

The relentless run of deals has continued throughout 2006, culminating earlier this week with $75bn worth of deals in one 24-hour period.

According to the experts, there are a number of key factors driving the surge in M&A activity seen in the last couple of years – a boom in demand for commodities and raw materials, modest company valuations and the availability of cheap money.

The economies of developing nations like China and India are growing fast, creating huge demand for the commodities needed to build new factories, roads, power stations and ports and produce manufactured goods for their booming export trade and domestic markets.

This has sent commodity and energy prices rising and boosted profits for oil and gas companies, miners and steel makers.

graph of M&A deals in 2006

It has also led to consolidation in these sectors as companies look to increase their production capacities and cost efficiency via the quickest route – by buying up rivals.

Deals that have fallen into this category this year include Mittal Steel’s $39.5bn purchase of French rival Arcelor, copper mine owner Freeport-McMoran’s $26bn swoop for rival Phelps Dodge and Suez’s $43.1bn tie-up with French counterpart Gaz de France.

Meanwhile, strong economic growth around the world in recent years has boosted corporate earnings across most industry sectors have left company valuations at a reasonably-priced level.

“Balance sheets are as healthy as we have seen in a long time,” says Lars Kreckel, an equity strategist with investment bank ABN Amro.

“This gives them the capacity to fund a takeover, and now they have the confidence as well.”

Private equity

According to John Cole, a partner at consultants Ernst & Young, heavy M&A activity is one of the hallmarks of a stable, mature economy.

TOP FIVE DEALS 2006

  1. AT&T (US, telecoms) buys BellSouth (US, telecoms) – $83.4bn
  2. E.ON (German, energy) buys Endesa (Spanish, energy) – $66.1bn
  3. Suez (France, utility) buys Gaz de France (French, energy) – $43.1bn
  4. Mittal Steel (Dutch, steel) buys Arcelor (French, steel) – $39.5bn
  5. Banca Intesa (Italy, finance) buys Sanpaolo IMI (Italy, finance) – $37.7bn

Source: Dealogic

“There comes a point when even a well-run company cannot grow much further organically, it can’t eat any more market share,” he says.

But the main impetus for M&A growth this year has not been companies buying other companies, it has been private equity investors buying companies.

According to Dealogic, private equity firms have done $563.2bn worth of deals this year, 17% of all M&A activity, up from a 12% share of activity in 2005.

With their recent successful track record of buying under-valued companies and selling them at a profit, private equity giants like Kohlberg Kravis Roberts, Permira, Blackstone and Carlyle have been able to raise huge funds from eager investors wanting to share in the profits.

Investment bank Credit Suisse reckons that private equity houses will raise up to $200bn in the US and Europe.

But the money they get from investors is dwarfed by the huge sums they will be able to borrow against it.

Credit Suisse estimates this will swell their takeover budget to between $500bn and $600bn.

Cheap debt

Cheap money is at the heart of the M&A bonanza.

Building site in China
Surging economies in China and India are lifting global earnings

Although interest rates are on the way up in many countries, they are still historically low.

Hence private equity companies can borrow huge amounts of money, confident that they can accommodate these debts with the earnings growth they can achieve from their takeover targets.

“Private equity companies are very good at making use of low borrowing costs,” says Mr Kreckel.

“All the pieces are still in place for strong M&A activity looking forward.”

Prospects for 2007

If anything, Mr Kreckel expects the deals to get bigger as the even greater sums available to invest bring larger companies into play as potential targets.

“It can make sense to buy one big company instead of 25 smaller ones, and they often offer more value,” he says.

Copper mined and processed by Phelps Dodge
Rising commodity prices have boosted mining company profits

Although the current M&A cycle is three years old, it shows no sign of stopping.

Recent notes issued by ABN Amro, Credit Suisse and Morgan Stanley all point to another bumper year next year.

Economic growth looks set to remain relatively strong and stable, and interest rates should stay at historically low levels.

And although M&A activity has surged to levels seen just before the dotcom crash and economic slump in 2001, more companies are funding their takeovers with cash rather than financing the deal with their own shares.

Experts also point to the historically low levels of companies defaulting on their debts.

Things could change – interest rates could rise sharply, company earnings could slump and a number of high-profile private equity deals could turn sour and spook the markets – but at the moment, M&A activity is set to continue apace during 2007.

taken from bbc world website: http://news.bbc.co.uk/2/hi/business/6168868.stm

i saw a rainbow today.

i saw a rainbow today.

the funny part was it was a clear hot day, i thought maybe my eyes are playing a trick on me, but then two others also confirmed what i saw. maybe its not a rainbow, but a part of a rainbow. light reflecting very strangely off a cloud can cause light to disperse and cause a rainbow. its lovely, in stark contrast to the metal chinmey of the generator that pokes into the skyline like an ugly thorn, this adds a suble beauty. the green tree at the base of the tower, ad the vibrant raimbow at the top, its ads the color one looks for in an increasingly bleak life. its still there ,a few mins later, strugling as the clouds sweep past. its only source of the elexir of life is the white water mass, high above the ground. strugling.
life is many a times like the rainbow. today it was formed here, tomorrow, it goes where there is rain. we need to go where we find an opportunity to make us better.
make us fly faster,
make us realise the reason we are here.
its amazing! sometimes things are so clear, but they do not exist. physically you can see it, but physically you cannot prove it is there. there exists no form, no feeling, nothing.

The Golden Quad



I drove down to bangalore the other day, and took the famed GQ… man, was i impressed. I was able to do a steady 90, even while passing thru villages. However, true desi style, you had maniacs driving on the wrong side, and glaring at you like your at fault!

M & A

classification of growth has lead to a very generic macro level perspective that can be compartmentalized as organic and inorganic. One where the company grows through its hard work and push, thereby improving systems within, and products leads to better profits and share value thereby a bigger market cap. This, I feel is a good way of growing, simply due to the fact that the possibility of learning during the process. This is much slower and has its own loopholes and downfalls, there by making this route to growth sometimes a harder path to take.

Another interesting path that is taken by many is the “inorganic” path. This mainly encompasses the M&A route that leads to a larger organization with a better market cap. However, mixing oil and water cannot happen by just mixing them, you need to add emulsified agents, or blend them in, like with mayonnaise. The acquiring company generally looks for a company that either compliments or supplements its existing talent pool thereby enabling itself to move into a relatively new market, or a new product or a another competitor. In essence, any M&A activity involves changing the 4Ps and creating a new set of 4Ps that are different from the company’s existing ones.

So how does an M&A activity help a company? Well, like the points mentioned above:
1. The company sees great scope in a particular market, however, it does not posses the necessary talent or technology to enter this market, hence it decide to acquire a company that is doing well in this market for the same.
2. The company needs to grow to show that it is doing well, I call it the ford route, acquire other companies that will help add to your product portfolio and say very boldly to the world that my product portfolio has increased hence I am dong well.

there are many more reasons why M&A activities take place, but this is not the reason of this post. Many a time, actually majority of times the merger fails to take off, due to cultural or other factors, some notably good ones that lost value for the share holder rather than gained value are he AOL-time Warner merger, Daimler Chrysler,etc. etc

However, a symbiotic relationship need not necessarily exist purely through a merger or an acquisition. There are MoUs that can be signed by companies such that they can work with each other to help provide better services to their customers.

Cashnet, a common atm switch built for Indian banks is one such example where consolidation of infrastructure has worked well to better the customer experience. Cashnet is in direct competition to VISA/Maestro’s switching and backbone networks, however, with the interconnect fees being charged per transaction, the possibility of moving customers from counter banking to ATM banking would have been tough with this as a deterrent. The average cost of servicing a customer at the branch works out to about Rs.200/- per transaction as opposed to Rs.20/- at the ATM and about 0.40P via the internet. Hence, embracing technology is a good way forward for the bank thereby allowing them to be able to spread their reach and improve the customer touch points.

Consolidation in t he banking industry has seen a string of mergers between banks and other institutes. The ICICI merger along with ICICI bank to result in a single entity, the same with HDFC and TimesBank resulting in HDFC bank, Global trust bank etc. This can be seen as a path forward to many banks.

Like with setting up any infrastructure, the costs involved are rather high, and the returns need not necessarily offset the investment. The greatest risk is the fact that a large percentage of the income is from interests generated via lending. India has the highest percentage of vehicles bought on loans. The worldwide average is about 70% vis a vis 80% in India.

The ability of the treasury in the bank to be able to roll the customers savings profitably is the key to survival of the banks. Hence, areas where the bank can save on infrastructure costs it will either outsource or work with other banks. In the case that the bank has decided to go on its own, eventually might lead to its collapse, and its assets being picked up by another bank.

The banking scene is fraught with trends of Mergers or acquisition or understandings within the community in order to survive against the big fish.