I am off to Delhi tomorrow for Mukesh’s wedding. Finally, the second one in our trio has got hitched. Here is looking forward to a lot of fun and festivities. Congratulations mate.
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Stock markets globally have taken a sharp U-turn and are plunging southwards. The trend was imminent with the emergence of subprime crisis in the US, even though there were desperate measures in the form of rescue packages and plans to write-off debt, in some cases. As a fallout of the tumbling US economy, the global investors had started looking at Asian markets, hoping to find the much needed growth economies.
The Indian market had been performing exceptionally well, backed by strong fundamentals and a booming economy. Over the last two weeks, share prices have fallen so fast that an attempt at a rally seems challenging. The market seems to be taking cues from the global exchanges, which are going into the red. Today has been another day when markets hit rock bottom.
For me, this is the perfect buying opportunity!
The big daddy of IPOs was around the corner. And voila! It took India by storm. Everyone I know has been talking about the IPO and there is hardly anyone who has not invested in this. As per market reports, the offer has been oversubscribed 73 times. This is the first for an IPO in India. The herd mentality being followed by investors is purely based on the fact that the Reliance Power shares might give them manifold listing gains.
As much as I would like to believe in this hypothesis, there is a good chance that the hype that has built up is going to dilute its listing. I would rather take a cue from similar stocks listed on the market. I believe that Reliance Power might take a significant time to return value to the shareholders. Remember Reliance Petroleum, which is yet to start production? I want to write more but I do not want to be too negative here. Personally, I would love to enter this stock, but only when the valuations seems right. For now, I would rather watch from the sidelines. And of course, the multibaggers in market are aplenty.
Veni, Vidi, Vici!!
The management rulebook has suddenly changed. Or rather become dysfunctional. Welcome to a new flat world. The spherical symmetries have suddenly transformed into a more horizontal and level playing field. Bid adieu to business strategy, game theory, scenario planning and old school. Welcome innovation!! Say hello to innovative business strategy, innovation through management models and war gaming. Welcome to the school of essential survival strategy. Brand New!
The old management practices and schools of thought are crumbling rapidly. Looking for a survival strategy? Try two simple words adaptability and creativity. Innovation will be the new management DNA.
As we celebrate multiple project anniversaries today, I want to take this opportunity to applaud all my peers for the efforts that they put in and for the successes that they have achieved. Nothing seems to fit more aptly than these words taken from Steve Jobs’ speech:
Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo.
You can praise them, disagree with them, quote them, disbelieve them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things.
They invent. They imagine. They heal. They explore. They create. They inspire. They push the human race forward.
Maybe they have to be crazy.
How else can you stare at an empty canvas and see a work of art? Or sit in silence and hear a song that’s never been written? Or gaze at a red planet and see a laboratory on wheels?
While some see them as the crazy ones, we see genius.
Because the people who are crazy enough to think they can change the world, are the ones who do.
I have been getting a lot of requests from prospective candidates keen to apply for various research and analyst positions that are open at Netscribes Kolkata. It’s not possible to keep replying to your queries separately, so I am providing you with the address where you can send your queries/resumes.
All of you looking for an opportunity to work with Netscribes can get in touch with us at this address: hrd [at] netscribes.com.
I complete three years at Netscribes today. Most of my friends consider this to be an unbelievable milestone for any IITian - to be with the same firm for three years. And that too especially in the current job market when every company seems to be lapping up whatever it can lay its hands on. As for me, this is a decent personal benchmark on the way to bigger things.
I have continued to sharpen my learning curve, with a multitude of professional experiences that ranged from working on very diverse projects to varied softer issues. There has been a lot of work pressure - people have mixed feelings about this concept. Some consider this to be a sign of good times, whereas many others usually panic and throw in the towel. I am lucky to have a bunch of crazed mavericks with me, who continue to make work much more fun. At the same time, I miss my ex-colleagues, an equally eclectic group of people, who were instrumental in shaping my career in the early years in Netscribes.
As new responsibilities come, and as the markets change, it is good to see Netscribes’ flexible operating model. The flexibility provides the freedom to change and align the operating paradigms in accordance with our internal competencies and market trends. A recent internal assessment showed that we had unknowingly moved from project-based models to more consultative relationships with our clients. And the new Netscribes’ tagline - Knowledge Consulting & Solutions - embodies the same spirit.
We have finally managed to open a Netscribes center in Kolkata. After months of discussions and assessment, the opening of new center is a good achievement. I have been to Kolkata recently and liked the new office. As we continue to scale and build new service lines, we are looking at the Kolkata office to be instrumental in conquering unchartered waters.
There is a lot more to write but I prefer to keep the thoughts in my head for now. Here is looking forward to another great year at Netscribes. There is a lot of action and this definitely is a sign of good times.
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