Monthly Archives: January 2009

Expected Bonuses on Wall Street

Posted on January 31, 2009 by Basab Pradhan

Bonuses paid to Wall Street were 44% down from last year but still, at $18.4B were the sixth highest in history [official release]. While the state of New York wrung its hands over the lower tax revenues, President Obama called … Continue reading →

Posted in Finance | 3 Comments

How Tech Savvy is Obama?

Posted on January 22, 2009 by Basab Pradhan

The 44th President of the United States was sworn in yesterday. A great speech was made ordinary by the high standards he has himself set and the even higher expectations of the public. As the new President and his new … Continue reading →

Posted in Random Stuff | 4 Comments

Satyam – the Larceny Scenario

Posted on January 18, 2009 by Basab Pradhan

Investigators looking into the fraud that has been called India’s Enron have found a “maze” of about 300 companies related to Mr. Raju that were used to “siphon” as much as $1 billion in cash from Satyam, said a senior … Continue reading →

Posted in Business, India, Offshore Services | 10 Comments

Satyam Operating Margins Look Real

Posted on January 14, 2009 by Basab Pradhan

I pulled this chart together on our very own research platform just to see if there were any signs in the operating margins that Satyam was managing earnings. I found none. The comparables to Satyam (SAY) are Infosys, Wipro and … Continue reading →

Posted in Business, India, Offshore Services | 6 Comments

Satyam Next Steps

Posted on January 11, 2009 by Basab Pradhan

India’s regulatory authorities have made a great start on the Satyam accounting fraud scandal. The two bodies that would have regulatory oversight over such a situation – the Ministry of Company Affairs and SEBI – are both playing this on … Continue reading →

Posted in Business, Finance, India, Offshore Services | 3 Comments

More on Satyam

Posted on January 8, 2009 by Basab Pradhan

We are where we are. The biggest corporate fraud in India’s history was disclosed by its perpetrator yesterday. Where we go from here, as I wrote yesterday, this is a test of our regulators. How they handle this crisis will … Continue reading →

Posted in Finance, Offshore Services | 11 Comments

Questions re Satyam

Posted on January 5, 2009 by Basab Pradhan

While I was out of circulation and not blogging (business trip and vacation) the Satyam saga was unfolding. I remained abreast of what was happening but didn’t post anything on it. It’s been well covered by other bloggers and the … Continue reading →

Posted in Business, Finance, India, Offshore Services | 10 Comments

Singapore and Indian Cities

Posted on January 4, 2009 by Basab Pradhan

I was in Singapore for a few days during my winter vacation. Sandwiched between two weeks in India and a week in Thailand, the contrast between Singapore and these two third world Asian countries could not have been starker. As … Continue reading →

Posted in India | 10 Comments

Have a Great 2009!

Posted on January 2, 2009 by Basab Pradhan

Been away on some R&R to South-East Asia. Thus the slow blogging (slower than usual, I should say). The vacation was wonderful. Spent a few days in Singapore, Bangkok and then New Year’s at Koh Samui. Everywhere with friends. To … Continue reading →

Posted in Random Stuff | 2 Comments