tag:blogger.com,1999:blog-19649274.post6669354047286177028..comments2024-03-29T12:03:50.891+05:30Comments on The Leap Blog: Comments to discuss, 1 May 2009Ajay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-19649274.post-14436942702034939742009-05-02T23:30:00.000+05:302009-05-02T23:30:00.000+05:30Folks, consider the local DVD rental store. They w...Folks, consider the local DVD rental store. They want Rs.2,000 as a deposit and then they give DVD rentals at some absurdly low price for life.<br /><br />Now what's going on really is that you bear the credit risk of this store; in some months, it could be gone and the "lifetime" promise is violated.<br /><br />In similar fashion, the buyer of a lifetime service plan from a mobile phone company is actually taking a credit bet on that company. Fair enough.<br /><br />But what motivates you to then take the next step further, and suggest malfeasance?Ajay Shahhttps://www.blogger.com/profile/03835842741008200034noreply@blogger.comtag:blogger.com,1999:blog-19649274.post-32883241732818383792009-05-02T23:27:00.000+05:302009-05-02T23:27:00.000+05:30yes krsh. i also find it hard to understand/reconc...yes krsh. i also find it hard to understand/reconcile how such low "arpu"'s (Rs 300 per month!)for the major cell carriers translates into proper business?<br /><br /> Then these carriers are providing "schemes" like lifetime validity, 1 year validity! So...satyam had inflated "employee headcount" because that was closely scrutinized software industry metric to "cover" the (now disclosed FAKE) revenues, likewise, these cell subscribers may be having bloated "subscriber" base!<br /><br />In such a capital intensive business. How can have lifetime validity (subject to 10 rupee "topup" every 6 months)?! Hmmm.....i am scared.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-35735270013197085442009-05-02T21:43:00.000+05:302009-05-02T21:43:00.000+05:30I had always wondered why Indian movies have such ...I had always wondered why Indian movies have such a juvenile depiction of men and women. Demographics strikes again!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-87697300262718819752009-05-02T12:15:00.000+05:302009-05-02T12:15:00.000+05:30afterhought:
I forgot to mention a THIRD benefit ...afterhought:<br /><br />I forgot to mention a THIRD benefit to the "mega corporate":<br /><br />3) if the actual "laundering" takes place in Revenue line item, then the erstwhile "master of universe" CEO gets to show HIGHER gross margin, and BOOST his/her SHARE PRICE.....!<br /><br />as a wise man once said: "you get your Money for nothing and your chicks for free!" Good to do biz in India for the chosen few!Krishnoreply@blogger.comtag:blogger.com,1999:blog-19649274.post-60107637310259651292009-05-02T12:07:00.000+05:302009-05-02T12:07:00.000+05:30Well, anon has posted a fire-brand of an issue reg...Well, anon has posted a fire-brand of an issue regarding black money laundering! <br /><br />I have long suspected cellular operators in India might be engaged in this based on my personal experiences with e-recharges and whatnot.<br /><br />And if Price Waterhouse (no less!) could NOT be bothered about checking a SIMPLE bank balance not to mention fraud in revenues, taxes, interest (payed and received) in Satyam's books,.... <br /><br />THEN i feel that given the culture of business in India (read "Black Money"), and given the opportunity presented by cellular telephony: (highly technical, while also being a pure "service"...hard-to- audit deliverables) it is mostly 90% CERTAIN that major Indian cell carriers will be doing this. <br /><br />Doing this (laundering black to white)is beneficial to the CEOs of these "mega corporates" in two ways:<br />1) it brings return commission of at least 25% (as the ex- honorable Mr. Natwar Singh laid bare in TOI years ago!) for this service rendered.<br /><br />2) it brings political FAVOUR big time! politicians are widely suspected to be rife with (black?) money and yet no qualifications to back up the money.<br /><br />RESULT: You combine money and power.... = explosive corruption. Meanwhile the CEOs will appear on covers of glossy maagz as masters of the (indian) universe!<br /><br />Jay Hind.Krishnoreply@blogger.com