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Madoff Gets 150 Years in Prison; What Should Raju Get?

Jun 292009

A short while ago, Bernard Madoff received a sentence of 150 years in prison for the decades-long Ponzi scheme that bilked investors out of billions of dollars.

The sentence means Madoff, who lived the good life with private jets, yachts and Palm Beach mansions, will never smell the roses again.

Sweet.

By the way, what the f*** is happening with the court cases involving Indian businessman Ramalinga Raju, who confessed to cooking the books and caused the collapse of software exporter Satyam Computer Services (recently acquired by Tech Mahindra).

Are the Indian politicians protecting the scumbag Raju?

Air India Maharaja Broke – No Money for Salaries, Begging for Bailout

Business 5 Responses »

Jun 152009

The Maharaja is in dire straits and begging for a bailout.Â

Folks, Air India has run out of cash and cannot pay its employees, according to news reports coming out of India.

Instead of getting their June salaries on July 1, the employees will have to wait till July 15 to collect their pay check.

And what do they call Air India – India’s flying ambassador?

To us, India’s Begging Ambassador sounds like a better description for the ailing airline.

Have any of you flown on this airline?

We’ve never had the privilege although our family members have and are none too pleased about their experience.

Holy Cow – Serial Rapist Intel Fined $1.45 Billion for Illegal Actions

Business, IT Industry 3 Responses »

May 132009

The European Commission has slapped a massive $1.45 billion fine on chip giant Intel for engaging in anti-competitive practices that harm consumers.

Competition Commissioner Neelie Kroes said Wednesday:

Intel has harmed millions of European consumers by deliberately acting to keep competitors out of the market for computer chips for many years. Such a serious and sustained violation of the EU’s antitrust rules cannot be tolerated.

Serial Rapist
In plain language, Intel can be considered a serial rapist for repeatedly harming consumers by its illegal, anti-competitive actions that ultimately lead to higher PC prices.

In 2008, the Korea Fair Trade Commission imposed a $25.4 million fine for abusive practices that led to higher PC prices for South Korean customers.

Three years earlier, the Japan Fair Trade Commission said Intel violated the country’s anti-competitive laws through illegal deals with five Japanese PC manufacturers.

In the U.S., the Federal Trade Commission and New York Attorney General’s Office are investigating Intel for alleged abuse of its monopoly position.

Violates EC Rules
Imposing the mega-fine, the EC said Intel violated EC Treaty antitrust Continue reading »

Rashmi Sinha, a Playboy Sexiest CEO

America, Business, Diaspora 6 Responses »

May 052009

Who would have thought this.

A desi babe in the Playboy Top 10 List of Sexiest CEOs.

Whoa. Yippee.

Yes, sir. Our own Rashmi Sinha is in the Playboy’s Top 10 Sexiest CEOs.

Uncork the Dom PÃ©rignon.

The picture of Rashmi on the Playboy web site is not that cute but she looks better below.

Rashmi Sinha
(Image: SlideShare)

Rashmi, who claims to be in her late 30s, is CEO of San Francisco-based SlideShare, a presentation sharing web site.

Here’s Rashmi’s profile from the SlideShare web site:

Rashmi manages design and community for SlideShare. She has Continue reading »

Obama Wants To Screw Bangalore, Save Buffalo

America, Business 18 Responses »

May 052009

As promised in his campaign, U.S. President Obama has initiated steps to make it tough for U.S. companies that create jobs in Bangalore while screwing American employees in Buffalo (a dying city in upstate New York).

Yesterday, Obama set the ball rolling for reforming the U.S. tax code that currently rewards companies for shipping jobs offshore or transferring profits to overseas tax havens.

[M]ost Americans meet their responsibilities because they understand that it’s an obligation of citizenship, necessary to pay the costs of our common defense and our mutual well-being.

And yet, even as most American citizens and businesses meet these responsibilities, there are others who are shirking theirs. And many are aided and abetted by a broken tax system, written by well-connected lobbyists on behalf of well-heeled interests and individuals. It’s a tax code full of corporate loopholes that makes it perfectly legal for companies to avoid paying their fair share….it’s a tax code that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York. Continue reading »

Death Watch – Motorola’s Overpaid Co-CEO Sanjay Jha

Business, IT Industry 7 Responses »

Apr 302009

We think Sanjay Jha, the overpaid co-CEO of Motorola and CEO of the company’s Mobile Devices unit, will join the ranks of the unemployed in the not-too-distant future.

Horrible Disaster
Motorola’s mobile phone business continues to fall off the cliff.

This morning, Motorola announced its first quarter results and the Mobile Devices business headed by Sanjay Jha is a horrible disaster.

Sales at the Mobile Devices unit are down year-over-year by 45% to $1.8 billion in the first quarter while the losses are up 22% to $509 million.

Sanjay Jha
Co-CEO, Motorola

Mobile phone sales at the company are down by over 46% to 14.7 million units in the first quarter from 27.4 million units in Q1 of last year.

Motorola’s share ofÂ the mobile phone business fell to 6% from 9.4% in the first quarter of 2008.

Motorola is hoping that the Google Android-powered smartphones Continue reading »

Death Watch – Vikram Pandit

Business, Diaspora 2 Responses »

Apr 292009

Good times are a coming, folks.

Yes, good times are on the horizon.

Media reports increasingly suggest that the days of Desi Butcher a.k.a. Vikram Pandit, the CEO of Citigroup, are numbered.

Here are some of the headlines for the greedy Desi Butcher, who massacred tens of thousands of jobs at Citigroup while drawing an obscenely hefty pay package:

* Days could be numbered for Bank of America, Citi CEOs – Economic Times
* Fresh questions on Pandit future – Financial Times
* CEO Stressed Out – NY Post Continue reading »

Reddy’s Promises to Prettify Ugly Indian Faces

Business, General, Health 2 Responses »

Apr 282009

Updated

To all ye schmucks who think that Indian babes are the prettiest sight on Planet Earth, let’s disabuse you of such fanciful notions.

Folks, take it from us – there’s no uglier sight than an acne-marked desi face. Only a red-bottomed monkey comes anywhere close.

Some Relief for Sore Eyes

Anji Reddy’s Dr. Reddy’s Laboratories has launched an anti-acne formulation Nexret in India.

Nexret is said to be based on microsphere technology (provides controlled delivery of drug) developed internally at Hyderabad-based Dr. Reddy’s.

Dr. Reddy’s describes Nexret as a next Continue reading »

Indian Steel Bitch Slaps American Workers

America, Business, General, Immigration 16 Responses »

Apr 152009

First it was the H1B software coolies that began screwing American workers (thanks to greedy U.S. corporations).

Now, the down-on-their-luck American workers are being bitch slapped by other things Indian.

The New York Times has an interesting article today on how Indian steel pipes are being used in an oil pipeline project in Granite City, Illinois even as a local steel plant remains closed for the last four months and 2,000 workers are out of work.

Here’s an excerpt from the NYT story:

Jeff Rains, a retired steel worker at the sprawling mill here, made the discovery. Out walking a month ago, he waited impatiently at a rail crossing while a freight train slowly passed, its flatbed cars stacked with steel pipes, each wide enough for a child to crawl through. Then he noticed â€œMade in Indiaâ€ stenciled on the pipes.

That observation has made him a Paul Revere Continue reading »

Infosys Juggernaut Rolls on; Thrives on U.S. Misery

Business, IT Industry No Responses »

Apr 152009

One country’s miseryÂ fuels another country’s prosperity.

As the U.S. reels under a cataclysmic recession, Indian tech firms like Infosys Technologies that provide software and BPO services for large American corporations are riding the wave of success.Â

India’s software giant Infosys turned in yet another quarter of impressive results and added nearly 5,000 jobs (gross) even as Silicon Valley continues to be battered by massive job losses.

Profits were up 2.6% year-over-year to $321 million for the quarter ended March 31, 2009 while revenues fell 1.8% in the same period to $1.12 billion.

For the full Fiscal Year 2009, Infosys reported a net profit of $1.28 billion (up 10.1%) on revenues of $4.66 billion (up 11.7%).

Infosys CEO S.Gopalakrishnan couldn’t contain his glee:

Many of our clients are impacted by the financial crisis and are looking to us to help them reduce their expenses and optimize their businesses. Our services, solutions and business model are well suited to help them in this environment. We are focusing on enhancing our business and investing smartly for theÂ future.

RevenueÂ Distribution
In line with prior quarters, North America brought in the bulk of Infosys’ revenues.

North America accounted for 64.6% of revenues in the quarter and Europe for 24.3%. Domestic revenues were a piffling 1.6%. Continue reading »

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SearchIndia.com Blog

Madoff Gets 150 Years in Prison; What Should Raju Get?

Air India Maharaja Broke – No Money for Salaries, Begging for Bailout

Holy Cow – Serial Rapist Intel Fined $1.45 Billion for Illegal Actions

Rashmi Sinha, a Playboy Sexiest CEO

Obama Wants To Screw Bangalore, Save Buffalo

Death Watch – Motorola’s Overpaid Co-CEO Sanjay Jha

Death Watch – Vikram Pandit

Reddy’s Promises to Prettify Ugly Indian Faces

Some Relief for Sore Eyes

Indian Steel Bitch Slaps American Workers

Infosys Juggernaut Rolls on; Thrives on U.S. Misery

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