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mohankumar1000  [ Belongs to: Platinum Circle ]

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about mohankumar1000  
Joined on: 4th Dec 2007
Posted 416 messages to date
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RelianceGlodyne TechnoOdd One Out 

Last Visited by: sodhan, arg_s, Guest
 
Profile Details :Hi fellow investors,
Am a relatively new investor from chennai now based in kerala.am 48,pg in commerce,a coffee and rubber planter.just love g...
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The distorted word

Odd One Out

Posted by : mohankumar1000

Date :24th Nov, 2009 - 07:40

The importance of the Word
Many years ago, a cousin asked me: "How do you spell fish?"

I was probably 18 years of age then (that was 31 years ago for those who wish to calculate my age).
My cousin was 24 years old.




"F-i-s-h" I responded, thinking that this was the first level in a long chain that would lead to the final trick question.

"Not correct", said my cousin, "the correct spelling is:
`gh` (as in the sound `f` from the word `enough`);
`o` (as in the sound `i` from the word `women`); and
`ti` (as in the sound `sh` from the word `position`). And that`, he finished with a flourish, "is what George Bernard Shaw declared.
The correct spelling of `fish` is `gh-o-ti`"

So, yes, English is a strange language.

And those of us who write articles or report events in English need to be careful how we use our words.

Of course, there is an Indian-ness to English from a grammatical perspective.
And we also sprinkle it with enough local words to make it `Hinglish`.

Business reporting gets swanky
The most colourful use of English, though, is in the reporting of how stocks moved or how the economy is behaving.

Take, for example, the coverage of the stock markets.

On November 16th a well-known financial newspaper had a news item on how the Japanese stock market had "soared" 21 points to 9,791 (see Table 1).
Hmm, the use of the word `soared` conjures up images of a bird heading directly to the sun. Not at an angle, but vertically.
And, yet, on closer examination one finds that the Japanese stock markets had gained +0.21%. Hardly a `soar` of any sort.
The same news item described the rise in the Hong Kong stock market as `advanced` - the impression of a forward movement. Yet, on close examination of the numbers, it turns out that the Hong Kong stock market had gained +1.73%. This was over 8x the gain of the stock market in Japan. Yet `advanced` was used to describe Hong Kong and `soared` to describe Japan.

Another article on the increase in subsidies for rice and wheat gave the impression that the increase in subsidy for rice (`surged`) was more than the increase in subsidy for wheat (`rose`).
Actually, the numbers suggest the opposite: the procurement price of wheat had surged by 8.02% and that of rice rose by 5.81%.









Placing stories out of proportion to their true worth - or not fully in context - is also part of the problem with the media.

So when Goldman, Sachs announced a USD 500 million grant to help small businesses in USA in a trust that will comprise of a committee that includes Warren Buffet, the headline read like a "wow" news story.

The real story was that Goldman was willing to give USD 17 billion in bonuses to employees, and this 3% to help small businesses was a ploy to buy some goodwill.

And the words distorted in politics
Politicians and political journalists also use the English language and incorrect headlines to tone down the `real` story.

Not that the Dalai Lama is a politician - far from it - but when asked in a recent NDTV interview whether President Obama was `soft` on China, the spiritual leader said that maybe President Obama has a `different strategy`.

Well, we hope he does.

The President was elected on a platform of `change`.
And what we have seen so far from him is actually `notes`.
Paper notes and hand-outs, that is.
The rescue of Wall Street, tax breaks to real estate developers, muddling on
Afghanistan, confusion on Pakistan and Iran, and the continued hip-bending bows to China.

So, we watch and read the wonderful mastery of the English language and the way we spin our stories to suit our needs. ...

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mphasis is down

Mphasis

Posted by : mohankumar1000

Date :23rd Nov, 2009 - 16:02

BSE: Rs 691.75 ( -3.20 % ), NSE: Rs. 692.35 ( -3.05 % )
maybe the market has foreseen the results?...

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hope it flies off into siberia.all the shareholders of her bank will get their justice...

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Economic times names AXIS the best bank in India

Axis Bank

Posted by : mohankumar1000

Date :23rd Nov, 2009 - 08:22

BSE: Rs 991.95 ( 0.72 % ), NSE: Rs. 992.05 ( 0.56 % )
After `The Great Economic Depression` of 1930s, it is `The Global Financial Crisis`, which will remain entrenched in the memories of people across

the world for several years to come. Deep-rooted in the banking system of the developed world, it sent tremors to developing countries like India and China. Indian banking system however remained insulated demonstrating the strength of local banks.

We at ET Intelligence Group think that the time is ripe to compare Indian banks to each other. For this, we undertook a detailed exercise to rank banks across broad parameters like growth, efficiency, financial strength, scale and shareholder`s return. Each parameter was further broken down into many layers (please refer to the methodology box).

The objective was to make sure that growth is backed by sustainability and efficiency. We considered growth in core fee income as well, because it shows how successful a bank has been in activities, which are ancillary to the primary function of lending and accepting deposits, like distribution of financial products and providing value-added services. Apart from other income, growth in deposits and advances was taken into account to gauge the pace of balance-sheet expansion. To make sure that growth was reflected in operations, net profit growth was also considered.

We tried to distill oft-repeated success mantra, `growth with efficiency` by breaking it down in three parameters: net interest margin (NIM), business per employee and return on assets (RoA). NIM was considered to make sure that the funds are efficiently deployed; business per employee to ascertain the efficiency of human resource and RoA to check if the assets are efficiently being put to use. The financial strength of banks was measured by its asset quality (as evident from non-performing assets) and capital adequacy ratio.

In order to determine the shareholder`s return, we also considered factors like stock price gain, volatility in the stock price and dividend growth. We considered the data for last three financial years, so that conclusions are not skewed in favour of just one year`s performance. More weightage was given to the recent year`s performance and vice versa.

After hours of number crunching, we figured out that Axis Bank is the best bank in the country followed by Bank of India (BoI) and HDFC Bank. It must be noted that of the top 10 Indian banks, six are from public sector space. That PSU banks are bridging the gap with private banks was a hypothesis, which has now been vindicated. Of the four broad parameters that we discussed, BoI ranks in top 5 in three parameters. The bank has posted significant growth in dividend in last three years and its stock has appreciated sharply. Ever consistent HDFC Bank sits smartly at the third slot.
ment...

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the problem is Raadhika ma`am, when educated and the so called elite continue to dump trash in an irresponsible manner who is to bell the cat?...

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dear Raadhika ma`am,
and what about segregating plastics and organic?wish the govt will ban plastic carry bags forever...

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stockmarket

Odd One Out

Posted by : mohankumar1000

Date :22nd Nov, 2009 - 09:16

Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. ...

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