When you manufacture something, you can see and feel the product. While when you do the IT, you produce a computer code which may or may not be useful later on. Therefore, manufacturing is the way India should go. A soap manufacturing company is infinitely more superior to an IT company, whether from the contributions to the nation or from the point of view of employment generation. South India is all IT based, which is like Maya. Today its there, tomorrow it will be gone.
Re: Manufacture vs. IT...
by giveme abreakplease on Jan 11, 2009 08:41 PM Permalink
And who's going to develop the software that manages the accounts of the soap company?
And if you are working at all, do you prefer that your salary stubs be processed by a human or by a computer and you get them on time?
When you go to a supermarket, do you want the old way of writing receipts on small slips of paper?
Computers and software are here to stay. The cost and way of doing things will change according to supply and demand. Just like every other company on the face of the earth.
Also from a pure financial viewpoint, it's harder to get into an already established market - it will take Indian a dozen years to get a portion of china's share of manufacturing.
If it's gone tomorrow, people will find a way to survive, you don't have to worry about that. Besides, if you come to South India, we will help you find a job.
Re: Re: Re: Manufacture vs. IT...
by no south on Jan 11, 2009 08:39 PM Permalink
Yes I agree. Agriculture is another real industry which puts food on everyone's table. It is getting neglected because of this Maya of IT.
Re: Re: Re: Re: Manufacture vs. IT...
by PRASAD ANL on Jan 11, 2009 08:57 PM Permalink
computers should be devices to do some calculation/project work thats all. it cannot grow rice, wheat on land. it cannot make clouds to rain. if agriculturists stop growing food grains, these IT/BT people have to make their own arrangements with computers to grow on computers. GIVE PRIORITY TO AGRICULTURE. THIS IS THE BASE FOR INDIAN ECONOMY. NOT COMPUTER SOFTWARE. COMPUTERS SHOULD BE USED FOR FAST COMMUNICATION, INFORMATION PURPOSE ONLY.
Re: Re: Re: Re: Re: Manufacture vs. IT...
by PRASAD ANL on Jan 11, 2009 09:15 PM Permalink
ONLY BIG REAL ESTATE/IT/BT PEOPLE GO TO PUBS they have sucking blood of common people of india
Re: Manufacture vs. IT...
by rajesh sehgal on Jan 11, 2009 08:54 PM Permalink
Do not get in the debate of the south v/s north. The people can get cheated any where. There are good people and the bad people at all places.
We must look forward to create value and defand the prestige of India
You guys are really fired at back.... We all were waiting to see you guys are ending up on the road....
How is your feelings now? W wish the IT idustry should crash further to reduce your ego. hahhaah great fun for all of us to see your down face ahahhahahahahahah
Re: Techies are getting fire from Back Hole !!!!!
by giveme abreakplease on Jan 11, 2009 08:54 PM Permalink
Many industries are interdependent, which is why the housing crash in the US has caused a recession.
If all the IT companies go under, your own job is at stake because you have more competition from people who have lost their jobs and who are possibly smarter. That is the minimum effect.
Re: Techies are getting fire from Back Hole !!!!!
by samyakgowda on Jan 11, 2009 08:33 PM Permalink
The day IT industry crashes completely, India's economy crashes completely, including your lively hood.
IT has been and is the driving force behind the NEW INDIA, whether you like it or not.
By the way, I don't work in IT, BPO, BT or any tech sectors.
Re: Re: Techies are getting fire from Back Hole !!!!!
by rajiv on Jan 11, 2009 08:39 PM Permalink
dear duby it is easier said that letthe IT companies go to hell... and god forbid the day comes we along with them come to road too...Indian economy today largely depnds on service industry dude... so pray govt finds out some sensible way to end the fiasco and saving lives of 53000 employees of satyam directly and billion of lives indirectly...
Re: Re: Techies are getting fire from Back Hole !!!!!
by PRASAD ANL on Jan 11, 2009 08:42 PM Permalink
s it is true because man depends now more on computers and technology instead of manual forces. if a load shedding for just fraction of a second in USA makes a big news. same thing happens in india also in future. then nobody gets nothing. if all computers goes off, no money, no traffic, nothing . this is india's future funeral
Re: Re: Techies are getting fire from Back Hole !!!!!
by duby on Jan 11, 2009 08:35 PM Permalink
Hey fool, before the IT has come to India, we all where having the food all 4 time, with all fun & cheaper price. Now the sitiuation is cahnges becouse of you fool, idiots, dirty dorks. It IT crashs, our old time will come back. We are waiting to see the same.
Re: Re: Re: Techies are getting fire from Back Hole !!!!!
by TheBestMan InAll on Jan 11, 2009 08:40 PM Permalink
It is the fall of IT But the Salaries in IT Sector that is the Real Culprit.
And as said by Satyam's Raju, The Pay Hikes, Recruitments and Account Fudgings were all to Increase Stock Prices as well as Stimulate Demand for Real Estate.
Re: Re: Re: Techies are getting fire from Back Hole !!!!!
by just passing on Jan 11, 2009 08:38 PM Permalink
food is to be had three times, not four times...no wonder our country is backward with all these lazy people eating all day!
Re: Re: Re: Re: Techies are getting fire from Back Hole !!!!!
by giveme abreakplease on Jan 11, 2009 08:56 PM Permalink
Health experts recommend eating six times a day, seems like you got your facts wrong.
Re: Re: Re: Techies are getting fire from Back Hole !!!!!
by TheBestMan InAll on Jan 11, 2009 08:42 PM Permalink
(Correction)
It is NOT the fall of IT, But the Salaries in IT Sector that is Desirable.
And as said by Satyam's Raju, The Pay Hikes, Recruitments and Account Fudgings were all to Increase Stock Prices as well as Stimulate Demand for Real Estate.
Re: Re: Re: Techies are getting fire from Back Hole !!!!!
by PRASAD ANL on Jan 11, 2009 08:43 PM Permalink
u IT/BT people have made common man's cost of living miserable.
Re: Re: Re: Re: Techies are getting fire from Back Hole !!!!!
by duby on Jan 11, 2009 08:47 PM Permalink
IT Guys are eating like pig. Bush has seen some Indian IT guys eating in Silicon Vally when he visited there. And after visiting Indian IT company in India he confirmed that. 'INDIANS ARE EATING MOST OF THE FOOD IN THE WORLD" because of you people we are also under shame
Re: Re: Re: Re: Re: Techies are getting fire from Back Hole !!!!!
by giveme abreakplease on Jan 11, 2009 08:55 PM Permalink
Man eats according to the size of his appetite and his stomach, not according to his job title, seems like you are forgetting the laws of nature here.
Re: Bogus companies in South...
by samyakgowda on Jan 11, 2009 08:29 PM Permalink
Still better than North indian companies like Reliance or Nagarjuna Constructions.
Re: Bogus companies in South...
by Surajee Vupparapalli on Jan 11, 2009 08:37 PM Permalink
On the contrary! Companies in South are more humane! You don't know what it takes to build a company like Satyam in IT industry. I support fully the satyamites. I am sure that their might will reverse the current fortunes of the company and we all will see Satyam hold its head higher. Satyamites, the whole IT Industry is with you in this difficult time! We are too excited to experience the come-back you are gonna show the whole country and the world!
Re: Bogus companies in South...
by samyakgowda on Jan 11, 2009 08:30 PM Permalink
I guess you're s staunch follower and possibly a LOVER of DEVEGOWDA that you're trusting his words.
On that basis, TATAS should be first kulled, because they stole the lands of poor people AS ACCUSED BY MAMATHA!
Please Keep a Watch on the Following Sensex Companies.
JP Associates
Sterlite Industries India
Grasim Industries
Hindalco Industries
Reliance Infrastructure
Tata Steel
RIL
Following are also (lesser but)Likely Candidates:
ICICI Bank
Bharti Airtel
DLF
M&M
Infosys
Some of Them would be Out of the Sensex by Next year like Satyam.
The Problem is Not with Software.
It is all with the OverLeveraged Positions Taken in Real Estate and other Commodities Including Currency Futures And M&As, Which could Make All these Companies go Bankrupt.
They might have already gone Bankrupt. But, It will take time to come out in public. Raju Came out when he had NO More Cash to distribute the Salaries.
Consider the Way, Salaries were being Increased in double digits Every Year or even Every Quarter. That was actually to Stimulate Growth thru Greater Liquidity, which in turn could raise the Real Estate Prices.
Re: This is Just for Caution. No Vested Interest.
by samyakgowda on Jan 11, 2009 08:31 PM Permalink
Do you have any real proof or is it just another stupid rumor-mongering?
Re: This is Just for Caution. No Vested Interest.
by Virtual Insider on Jan 11, 2009 09:40 PM Permalink
The best thing to avoid scams would be to get all the IT and ITES along with banks especially located in Hyderabad, Bangalore Pune and Chennai audited on an half yearly basis...That way the Govt. can keep these guys on toes not to play and screw the lives of Investors and employees...
This didn't happen overnight. More important than what happens to Raju is preventing this from happening to other companies. A system is needed that is able to detect such dishonesty as early as possible and alert regulators and the market. Actually, since people do this to artifically bloat their market value, just alerting the market is enough as the market will punish them by slamming their stock price. By the time the Maytas deal came to light, a lot of fraud had already happened.
Re: Re: They should trace how this could have happened
by Virtual Insider on Jan 11, 2009 09:42 PM Permalink
These things kept happening since 2001 and though the ship was sinking, the ship masters kept moving making the workforce believe that everything was okay...They were decorating the AIDS patient (Satyam company) and showing it to the world as a handsome hunk....
Re: Hang him
by giveme abreakplease on Jan 11, 2009 08:47 PM Permalink
Proper investigation first - given that Congress rule is going on, the possibility of corruption and fraud are extremely high.
These are good things. But these people are educated and at least have the sense to surrender or try not to runaway from the law. But what about the hoodlums of the likes of SALMAN KHAN and SANJAY DUTT.
SALMAN KHAn is one shameless person, who has committed more crimes than probably Dawood Ibrahim has! He has killed innocent people by running his cruiser over them and then he has shot and killed protected animals for FUN!
Except for the fact that our judges don't get sacked, I don't think there's much difference between the justice system in Pakistan and India.
Re: Re: WHAT ABOUT SALMAN?!!
by samyakgowda on Jan 11, 2009 08:24 PM Permalink
Devegowda definitely need to be punished (I don't know on what grounds though!), but on the same logic there's a big list before Devegowda like Lalu Yadav, VAIKO(And the likes who support LTTE), maulayam Singh, Sibu Soren, Mayawati, All ANTI_DEVELOPMENT Communists and of course ManMohan and Mukherji for inaction.
Re: WHAT ABOUT SALMAN?!!
by giveme abreakplease on Jan 11, 2009 08:22 PM Permalink
At least Sanjay Dutt was arrested and released - I don't believe Salman ever got any punishment for his crimes. Shows that he had the right "connections".
Re: WHAT ABOUT SALMAN?!!
by just passing on Jan 11, 2009 08:20 PM Permalink
Suppose you kill someone, yes there is loss of precious life. But the emotional impact is limited to his near and dear and the financial impact to his dependents. However, in the case of Raju the financial blow has hit thousands of employees and investors, and the ripple effect has caused emotional hurt to many. Moreover, Raju's fraud has led to quite a few suicides of people who has lost it all (there could be more in the offing), so he also has blood on his hands.
Re: WHAT ABOUT SALMAN?!!
by Zinda Dil on Jan 11, 2009 08:17 PM Permalink
Difference is Salman Khan's crimes harm a few dozen people. While Raju's crimes harm hundreds and thousands of people, and also loss of billions of rupees.
Re: Re: WHAT ABOUT SALMAN?!!
by samyakgowda on Jan 11, 2009 08:22 PM Permalink
I don't completely agree with that. How do you measure the life of a person? He kelled 3-4 people (I don't know how many exactly). Would you say that every life is worth a million, a billion or a trillion? Don't tell me poor people's lives have no value.
Those who's life has been affected by Raju can rebuild their lives, what about the families of the poor people that SALMAN killed? Or even worse, what about the lives of the poor people?
Re: WHAT ABOUT SALMAN?!!
by R S on Jan 11, 2009 08:56 PM Permalink
These people surrendered only to escape the US LAW. You don't have to worry about SALMAN KHAN and SANJAY DUTT. Ultimately they will meet punishment befitting their crimes, and even more than that.
Raju sholud be treated with respect, He built a reputable company. He gave job and life to lakhs of people and was a pride of IT industry in Hyderabad, Andhra Pradesh, India and in the global scenario.
Things have gone wrong recently with his management of the company, either due to interference by some vested interests and individuals like Mynapati or due to erraneous decisions and policies, which was aggrvated by financial crisis. He build a company of global stature and we cannot think of him working to destroy it.
As everybody knows, IT industry pays highly disproportionate salary for employees, for work which can be done by 10-th class educated people, if trained properly. This is one of the reason for the troubles. This kind of payment was possible only because of the disproportionate currency foreighn currency values, from which almost all IT companies get their revenue. This bubble has to burst, today or tommorrow and is happening slowly.
He deserves fair trail and the only mistake he committed is showing that his company is in profit. He did not steal money, no corruption from his side and no other financial offense. If investors have lost, investment in shares is always risky and people have to bear with it and learn to live with it.
Compared to real financial scams like Madoff and harshad mehta, this is no offense at all but just a question of lying to save his face and name of the company, though it is not good idea to do that.
Re: Raju sholud be treated with respect, He built a reputable com
by giveme abreakplease on Jan 11, 2009 08:21 PM Permalink
All these proceedings remind me of the Rajni starrer Sivaji.
Re: South Indian Companies...
by duby on Jan 11, 2009 08:38 PM Permalink
All north indians has come to South becuase they undestood south is heaven. Now you people are here to begging and doing prostitution... hahahhahaha
Re: South Indian Companies...
by samyakgowda on Jan 11, 2009 08:16 PM Permalink
Still better than North indian companies like Reliance or Nagarjuna Constructions.
Re: South Indian Companies...
by giveme abreakplease on Jan 11, 2009 08:24 PM Permalink
Just curious to know how you define a "south indian" company, is it by location or by management?
In hind sight, Raju should have taken the step of mentioning a few key "North" people as the culprits along with himself. Poor guy, does not know such things.
Re: South Indian Companies...
by Indian on Jan 11, 2009 08:22 PM Permalink
This statement is unnecessary and irrelevant so deserves to be reported as abuse
Re: Re: South Indian Companies...
by no south on Jan 11, 2009 08:25 PM Permalink
Kannada politicians accused Infy of acquiring land at throw-away prices so that it can become real-estate baron later on. All these companies have huge liabilities and small number of assets. They are just running on faith. The day they get caught, they will meet the same fate as Satyam.
Re: Re: Re: South Indian Companies...
by samyakgowda on Jan 11, 2009 08:27 PM Permalink
I guess you're s staunch follower and possibly a fanatic of DEVEGOWDA that you're trusting his words.
On that basis, TATAS should be first kulled, because they stole the lands of poor people AS ACCUSED BY MAMATHA!
Re: South Indian Companies...
by PRASAD ANL on Jan 11, 2009 08:50 PM Permalink
north indians dont want to learn south indians but force hindi on south indians so that they need not speak south indian languages for ever. for the sake of north indians, why should south indians should learn HINDI?
Re: Re: South Indian Companies...
by just passing on Jan 11, 2009 08:53 PM Permalink
Hindi is India's national language - you have no option but to learn it. If you oppose Hindi, pack your bags to Pakistan.
Re: Re: Re: South Indian Companies...
by samyakgowda on Jan 11, 2009 09:34 PM Permalink
Hindi is just another regional language and one of the 22 national languages. If think you can enforce it on others, you can pack your bags and go to IRAN, after all HINDI is more Persian than INDIAN.
Re: South Indian Companies...
by PRASAD ANL on Jan 11, 2009 08:47 PM Permalink
then why most of the north indians live in Bangalore, Chennai and Hyderabad?
Re: Re: Re: South Indian Companies...
by samyakgowda on Jan 11, 2009 09:35 PM Permalink
Whereever North indians live in big numbers it only brings misery.
Mumbai, Delhi and Hyderabad.
I don't even want mention about UP, MP, Bihar, Uttaranchal, Jharkhand, Haryana.
