Showing posts with label Top 10. Show all posts
Showing posts with label Top 10. Show all posts

Monday, April 21, 2008

The India Blog Celebrity Top 10

The India blogging industry is still nascent with many still trying to reach a large audience. Unfortunately, India has been slow to adopt the internet with some estimates as low as 42,000,000 for both dial up and broadband. There are still some early blogger “celebrities” that are making an impact and we highlight them below using a five point criteria. In order to make the list, the blog subject matter needed to be primarily about India or related to India. We examined 100 India related blogs and scored them using the criteria in the table below:


The Criteria

1

Alexa Rank

2

Subscription Count

3

Google Page Rank

4

Technorati Authority & Buzz

5

Information Value (subjective)


Our number one India blog site ContentSutra is run by a Rafat Ali and is part of a larger network called PaidContent.org The company's news sites chronicle the economic evolution of digital content that is shaping the future of the media, information and entertainment industries. While the site takes much too long to load, its content is king and so by the way is its traffic - recording the highest website traffic in the group.

Number two on our list is VC Circle which chronicles India’s deal economy - venture capital, private equity, investment banking, mergers, acquisitions, corporate law, and entrepreneurship. VC Circle is run by Sahad P.V. (formerly of Business Today). If you want to keep tabs on Indian’s venture capital, private equity, mergers and acquisitions, investment banking space, then you need a subscription to his site.


At number three is a twenty two year old Indian blogger named Rajiv Dingra. If you’re looking for a tech savvy blogger with a sense of humor then turn to WatBlog. Dingra seems to have his finger on the pulse of India’s younger crowd and isn’t afraid to voice his opinion.


India Uncut logoWhen Amit Varma founded the India Uncut site in December 2004, he thought the site would be an interesting hobby. The site quickly consumed most of his time and it paid off for him with ever increasing traffic. India Uncut checks in at Number 4 on our list.


Our Number 5 DesiPundit site lays its claim as India’s official opinions and observations daily site. Their motley crew of bloggers scattered across four continents and six time zones that keep the blog humming 24/7. They attempt to keep us informed of opinion India by linking to posts they find need a wider audience and discussion. According to the owner, “we are merely a reflection of the Indian blogosphere; we do not create content, we just link to it. Don’t be surprised if they come laced with our snarky and erudite comments though.”

The rest of our top 10 are listed below. These sites range from the ever more popular Trak.in which cleverly tracks technology and other India issues in an engaging way to the Indian Economy Blog which covers in depth India economic news and analysis.



Rank

Blog

Alexa

Subscription

Count

Google Page Rank

India Tchnrti Buzz

Information Value

1

ContentSutra

42,574

8000 +/-

6/10

209

High

2

VC Circle

67,217

7123

5/10

133

High

3

WatBlog

76,904

NA

5/10

240

High

4

India Uncut

141,686

4029

4/10

406

Medium

5

DesiPundit

87,874

2550

3/10

317

Medium

6

Trak.in

65,344

1822

5/10

118

High

7

Pluggd.in

112,631

NA

5/10

168

High

8

The Indian Economy Blog

238.831

NA

5/10

184

High

9

Gautam Ghosh

377,812

1540

3/10

153

High

10

Startup Dunia

143,471

NA

4/10

81

High



Too Good to Miss


Unofficial Prime Minister Blog – Hilarious “unofficial” blog purportedly from Manhoman Singh. The writer has a great sense of humor and is willing to confront the powerful.


Rakesh Jhunjhunwala Blog – This spicy, no holds bar blogger throws punches at the biggest names in India. Ostensibly a secret journal of Jhunjhunwala, many think the site is run by a Mumbai insider who is getting ready to spill some real Dalal Street secrets.



India Inc. By Amit Agarwal – Arguably India’s most famous blogger, Amit did not make our list due to it being nearly impossible to distinguish his huge Digital Inspiration stats from his India Inc site.

Wednesday, April 16, 2008

The Top 10 India Real Estate Professionals that Matter

We've extensively covered India real estate professionals here before, now we turn our sites to Professionals working outside of India that are involved in India Real Estate. The list only includes those that are non-Indian or NRI's that have been out of country for 5 years or more. We highlight those that are making India an easier place to invest, shedding more visibility in India and working with India focused groups to bring the world to India. The top 10 are in no particular order and come from many different industries.

1. Ron Somers President - US India Business Council (USIBC), Washington D.C.

According to one top India business leader Ron is, "one individual who is the primary link between the United States and India and is promoting open access, free trade, and is strengthening commercial relations between the two countries." Ron has known India for 20 years and has may strong ties to Indian community leaders. Ron was a resident of India for over 11 years and is fluent in Hindi and Urdu and even speaks a little Malayalam and Tamil. If you're looking for the bridge to India, Ron is your man.

2. Ashesh (Alex) Shah, Entrepreneur and Global Head - Trikona Trinity Capital, London, U.K.

Trikona's India fund was Tue first to be traded on the AIM stock exchange in the UK. Shah has been involved in many ventures outside of real estate including a start-up involved in creating one card to replace all of your loyalty cards. Why he made this list is that Shah specializes in raising funds for India infrastructure and real estate. He's had a successful record of achievement in this area, and is poised to become one of India's leading capital fund raisers.

3. David Jackson, Founder and CEO - Seeking Alpha, New York City, NY

David launched Seeking Alpha in early 2004. Seeking Alpha has since grown to be the top destination for stock market opinion and analysis on the Internet, and is widely read by finance professionals and serious individual investors. Seeking Alpha consistently tracks the best India investment content on the web and blogs and posts them on his site in an intuitive way. He's important because he is attracting more investor interest in India and providing the transparency India needs in order to provide foreign investor confidence in the future.

Mark Fidelman4. Mark Fidelman, Co-Founder and Vice President - The WIRE Group, Los Angeles, CA

Mr. Fidelman has worked in technology and real estate related ventures and worked at A.T. Kearney as a Director. Fidelman has been involved in India for the past four years and is one of India's biggest cheerleaders. He helped start one of India's first real estate funds focused on providing US quality commercial buildings in India. He is also one of the most well connected real estate professionals in the US rubbing shoulders with some of the biggest names in India real estate. His Rolodex of Global 3000 real estate executives allows him quick access to those moving or expanding into India. He's important because of his ability to connect aspiring India investors and Corporations to the right people.

5. Sanjay Bhatnagar , CEO - Thot Capital Group, New York, NY

Don't hold the fact that Sanjay was the former India head of Enron and its controversial attempt to bring power to India. Bhatnagar's THOT Capital Group is now active in green-field infrastructure development and asset buy-outs mainly focusing on energy and water sectors. He is a regular investor in India and has a lot of experience in both venture capital and infrastructure. He's important because of his work in Green infrastructure improvements and his connections to the green industry in India.

6. Ash Lilani, President, India and China - SVB Financial Group, San Francisco, CA

Ash Lilani is the president of India and China for SVB Financial Group as well as managing director of the company's India-focused investment fund, SVB India Capital Partners. Lilani is responsible for the strategic direction and management of the company's operations and real state pursuits in Asia. He is currently director and treasurer of the U.S.-India Venture Capital Association. Ash is important because of his myriad connections to companies in the US and India. Silicon Valley Bank is a very important business link to India.

pic7. Sant Singh Chatwal, Chairman and Chief Executive Officer - Hampshire Hotels & Resorts LLC

Currently Chatwal is building two Dream boutique hotel properties in India, one in Kochi on the west coast and another in south central Hyderabad. By 2012, Chatwal expects to have 10 Dream properties around India. He's a major fundraiser for the Democratic Party, including Hillary Clinton's presidential campaign and if she wins, he will have even greater influence in the coming years. Chatwal continues to proclaim his innocence in India and the US on numerous charges of ill-doing. He's important (really important if Hilary wins) due to his vast and powerful network of people in the US and India.

8. Jonathan Yap Neng Tong, CEO - India Funds, Ascendas and CEO of the Trustee-Manager of Ascendas India Trust, Singapore
Over his 15-year real estate career, Mr. Yap has held positions in fund management, investment management, asset management, development management, marketing, leasing, sale and valuation. He has worked in Singapore, India, Australia and Hong Kong. As some of you know, Ascendas created India's true international class buildings in Bangalore, India named ITPB or International Tech Park, Bangalore. Mr. Yap is important because he recognizes that quality construction in India matters and he's willing to spend more to create international quality commercial buildings.

9. Brian Guzman, Managing Partner - Indus Capital Partners, New York, NY

Brian Guzman is a Partner and General Counsel of Indus Capital Partners, LLC (“ICP”). Brian joined ICP in August 2005 as a Managing Director and Counsel. He operates in stealth mode but is well connected within the US. If you're looking to finance a real estate deal in India, Brian should be at the top of your list.

Tarun Jotwani10. Tarun Jotwani - Managing Director - Lehman Brothers India, New York, NY

Tarun Jotwani serves as Chairman and Chief Executive Officer of India of Lehman Brothers Inc. Mr. Jotwani serves as Chief Executive Officer of India and co-head of fixed income for Europe of Lehman Brothers Holdings Inc. Jotwani is looking to raise Lehman's first dedicated India real estate fund this year and is looking to build a quality portfolio. If you're looking to sell quality projects in India or want a fantastic financial partner, then Jotwani is your man.

We'll keep the list updated over time and are interested in your comments. Do you disagree with above? Please let us know.

Thursday, March 27, 2008

Top 3 dirtiest Asian cities

By Vipin Agnihotri

Despite gaining so much in the recent years, it’s a matter of shame that when The India Street decided to come up with top 3 dirtiest Asian cities, two comes from India, namely, Mumbai and New Delhi. In my opinion, Dhaka is the dirtiest Asian city followed by Mumbai and New Delhi.

Dhaka, Bangladesh-

Located in southern Asia, between Burma and India, Dhaka, the capital of Bangladesh battles with the constant threat of water pollution. Point to be noted here is that surface water is often thick with disease and pollutants from the use of commercial pesticides. With an estimated 150 million people living in a relatively small area, cleaning up the problem is real tough.

Mumbai, India-

Indian government has to work quite hard if they want to transform Mumbai back into a burgeoning metropolis. A recent private-sector report, Vision Mumbai, proposed changes in infrastructure, pollution control and economic growth strategy, which contributed to the seeking of approximately $1 billion of aid from Indian government.

New Delhi, India-

You'll find just about everything except marine life in New Delhi's Yamuna River. As a matter of fact, garbage and sewage flow freely, creating a rich environment for the growth of water-borne diseases contributing to extremely high rates of infant morbidity.

Suggested Reading:




Sunday, October 28, 2007

Fifteen 15 Outrageous and Unique Luxury Rum Brands

As a follow up to our popular story on Unique and Outrageous Scotch Whiskies we’d like to now present our votes for the most unique and unusual brands of Rum. India is the number one consumer of Rum in the world followed by the US. However, India lags far behind the rest of the world in total alcohol consumption see graph below:

A bye-product of sugar (and sometimes other things), these Rum brands are sweet and definitely different. By the way, if you are a Rum connoisseur, try this objective review site.

About Rum: Rum is a distilled beverage made from sugarcane by-products such as molasses and sugarcane juice by a process of fermentation and distillation. The distillate, a clear liquid, is then usually aged in oak and other casks. While there are rum producers in places such as Australia, India, Reunion Island, and elsewhere around the world, the majority of rum production occurs in and around the Caribbean and along the Demerara river in South America.

Rum is produced in a variety of styles. Light rums are commonly used in mixed drinks, while golden and dark rums are appropriate for use in cooking as well as cocktails. Premium brands of rum are also available that are made to be consumed neat or on the rocks.

Premium Khukri Rum From Nepal – Cuts like a Knife

As super-premium rums from exotic locales continue to surge in the U.S., Liquid Spirits Imports has brought an eye-catching offering from Nepal into the market. Khukri Rum began in the New York metro market, which has been a key venue for the flood of upscale rums that have entered the U.S. in recent years.

The rum is named after the dagger-like weapon called a khukri, which was used in Nepal by the elite Gurkha armed forces. Along with its standard 750-ml. bottle ($19.99), Khukri is packaged in a 375-ml. dagger-shaped bottle that was originally introduced in Nepal in 1974 to mark the coronation of a new King.

Bacardi’s Watermelon Flavored Rum

Miami-based Bacardi USA Inc. launched Grand Melón in April, the seventh spirit in its flavored rum line. The fresh watermelon-flavored rum is designed for mixability but I question why one wants to mix watermelon + Rum + another additive. Isn’t Watermelon and Rum enough?

The 35-percent alcohol-by-volume rum retails for $12.99 to $14.99 a 750-ml. bottle and is also available in 50-ml., 200-ml., 375-ml., 1-liter and 1.75-liter bottles.

RedRum is “Murder” spelled backwards

Three-D Spirits, Inc. goal is to create exciting handmade rums with exceptional quality. Today they offer three products: RedRum, VooDoo Spiced Rum & Jolly Roger Caribbean Rum. RedRum is distilled from pure Caribbean sugarcane and infused with natural mango, pineapple, coconut, and cherry flavors.

VooDoo is a traditional spiced rum, yet the first to be made using "barrel aged" Virgin Island rum. The oak barrel aging process mellows the rum, and adds a smooth, distinctive taste.

Cruzan Rum - New Black Cherry Flavor

The Absolut Spirits Co. has added a ninth flavor to its Cruzan rum portfolio, unveiling Cruzan Black Cherry in May. The cherry-flavored rum, which also has notes of almonds, flowers and berries, is the first new Cruzan flavor offering in three years. Cruzan Black Cherry is available in an array of bottle sizes, ranging from 50-ml. to 1.75-L. A 750-ml. bottle retails for $11.99.

Tommy Bahama White Sand and Tommy Bahama Golden Sun

Ah yes, the tropical clothier is now introducing a tropical ultra-premium rum brand under the same name. Actually Tommy Bahama has collaborated with Sidney Frank Importing Co to create the ($29.99 a 750-ml. bottle) luxury rum brand. White Sand, a clear, light-bodied rum with tropical fruit aromas, was aged for a minimum of two years. Golden Sun, a full-bodied amber rum with a fruity nose and flavors of coffee, pralines and roasted nuts, was aged a minimum of three years.

Trader Vic’s Banana Rum

A fun and fruity rum that will make you want to swing from the trees. Great with any tropical mixer. Banana rum tastes like rum made from bananas, or at least rum with natural banana flavors. 99 Bananas tastes like strong alcohol with melted-down banana runts. I refer to the flavor, not the sweetness. In fact it tastes like the syrup that canned pineapple comes packed in. I would definitely recommend it as it has a real natural flavor.

267 Rum Infusions Mango

The undeniably tropical flavor of mangoes mixes with 267 Rum Infusions. Add pineapple juice and Amaretto for a fabulous Mai-Tai. You can't taste the alcohol at all. It is less sweet than other Mango rums, but has a little bite to it. This has a very authentic flavor. Plus, it has fruit in the bottle, so that must mean it is good for you! This tastes like I just cut a fresh mango with an equally excellent flavor.

World’s Most Expensive Rum

It doesn’t look expensive, but the bottle shown here, bottled in the 1940s by the Jamaican distillers Wray and Nephew, and containing blends that date back as far as around 1915 has the honor of being what is believed to be the world's most expensive bottle of rum. The bottle which is being displayed at Europe's first rum festival, RumFest, is valued at £26,000. The bottle, which is one of four unopened bottles of the stuff in the world, represents the lost tradition of the Wray and Nephew Rum. The popularity of the Mai Tai cocktail drained their rum supplies in the 1930s. In order to keep up with demand, the distillery changed their production methods. The bottle therefore represents the last chance to taste the Mai Tai as it was originally conceived.

Havana Club’s Maximo

This expensive beauty will set you back $2000 US. Only nine bottles of Máximo Extra Añejo were made available to customers. The rum has been created by blending the finest and oldest rum reserves, which have been aged over generations by master rum-makers, or Maestros Roneros. Those masters, who pass on their knowledge through at least ten years of training, pass on the essence of the process that has been growing in Cuba since sugar cane first arrived in the country in 1493. To purchase a bottle of this magnificent rum, or visit Havana Club's official website at www.havana-club.com/maximo.

STARR AFRICAN RUM

Distilled and bottled on the Island of Mauritius-a star of Africa-Starr African Rum is unique among the great rums of the world. Starr’s unexpected flavor originates in the Island ’s rich volcanic soil and reflects the vivacity of its African roots with hints of citrus and a cardamom body. Player Magazine writes, “The distinctive red bottle heralds a new direction for American rum drinkers. Africa has long been home to scores of rum producers. This hot new import ($30) from the Island nation of Mauritius, features delicate flavors in a bold red bottle. Debuted last year, it’s making a name for itself at trendy watering holes in Los Angeles and The Big Apple”

Corcor Premium Rum

CORCOR Premium is for those who appreciate the deep and rich flavor that can only be achieved through aging. It comes in a special handmade unglazed jar -- the production of which is limited even in Okinawa -- gently wrapped with sugarcane-made Ryukyuan paper. The original tin package requires a month to produce due to its complex and sophisticated design. Each jar comes with a hand-lettered label with a serial number.

Isla N Rum

These rums originate in Argentina. We picked these Rums because they are produced in 100% copper stills with the "slow distillation" method. Rated 86 points by EAS/B&D and comes in White, Gold, Coconut and Lemon flavored Rums. Can anyone tell me what Gold Rum taste like?

Captain Morgan Tattoo

No, it doesn’t come with a tattoo or even leave your innards with one after the first sip. The Captain Morgan Tattoo line of Rum is a Puerto Rican Rum that is blended with their secret formula of premium and hot spices. There is a noticable aroma of citrus, vanilla, and cherry. The liquid itself has a dark caramel color with a golden glow. There is a faint taste of general allspice with some warmth but little actual burn in the finish.

Ciclon Rum by Bacardi

Ciclon is a smooth premium gold rum from Barcardi, infused with a touch of blue agave tequila and a twist of natural lime flavor. The best of both worlds, smooth mixable Caribbean rum, spiked with the edge of fine Mexican Tequila. A combination Rum and Tequila that has ranked really high in taste tests. It has a smooth first taste that offers a tart touch of lime with dry, herbal undertones. I know, rum is a sweetheart’s drink usually reserved for fruity, sugary concoctions but here you get the tequila thrown in.

Kuya Fusion Rum

Produced by Kahlúa, Kuya is made from a blend of rich, golden rums that are infused with natural citrus flavor extracts and an array of island spices. As it states on the label, it is best described as a fusion between the classic spiced rum and the new breed of fruit flavored rum. The result is phenomenal. Kuya Fusion Rum has a captivating bouquet of citron, grapefruit and vanilla tinged with cloves and spice. After the first sniff you’ll know good things are coming your way. It has a featherweight, seamlessly textured body that delivers a citrus and spicy vanilla palate, flavors that linger for an impressively long time. Guaranteed you’ve never tasted a rum like this before.

Suggested Reading:

Friday, October 26, 2007

Top 10 Tallest Buildings in Bangalore

Bangalore’s tallest building ranks far behind the rest of the world including in the small field of skyscrapers in India. However at a height of 126 meters the UB Tower in UB City currently ranks #1 in Bangalore.

#1 UB Tower Bangalore

#2 Subhas Chandra Bose Tower

The Rest of the Top 10 are listed below

Note: Use your mouse to roll over the bars if the graph is too small to read

Thursday, October 25, 2007

Top 11 Most Intriguing India Related Lawsuits


A sign of an emerging and growing economy is the increase in litigation. You might believe this to be a bad sign but I dispute that belief because a healthy economic environment includes the presence of a fair legal system. I am not suggesting the India legal system is as fair as the UK or the US, but the simple fact that foreigners can file a lawsuit against an Indian company or individual is a good sign. If the Indian courts were as corrupt as some suggest, the cases would be thrown out of the legal system as soon as they were filed. The fact that they are not, suggests to foreigners that they have a fair chance of being heard and thus will feel more comfortable investing in India.


The Lawsuits


11. T-Series vs. Rediff

A lawsuit has been filed against Rediff (NSDQ: REDF).com and Ram Gopal Verma Films Private Ltd. in the Delhi High Court by Super Cassettes Industries Limited (T-Series) for copyright violation. The lawsuit claims Rediff placed video clips of songs from two Hindi Films - Nishabd and Honeymoon Travels Pvt Ltd on their website, of which T-Series claims to own sole copyrights. T-Series is seeking damages amounting to Rs. 20 lakh (around $50,000) from Rediff. This information came from a recent filing with the US Securities and Exchange Commission (SEC) by Rediff.


10. India vs. Dow Chemical

India could reach an out-of-court settlement with US giant Dow Chemical to clean up the Bhopal gas disaster site and end liability claims after more than two decades, a report said Monday.

India's law ministry said the move would clear "legal hurdles" to future Dow Chemical investments in India by setting up a fund to clean up thousands of tonnes of contaminated soil along with other measures to resolve long-running lawsuits linked to the disaster, the Hindustan Times newspaper reported.


The government was prompted by Indian industrial conglomerate the Tata Group to pursue a settlement, and Dow Chemical's chief executive wrote to Prime Minister Manmohan Singh earlier this year on the issue, the newspaper said.

Thousands of people were killed on December 3, 1984 when a then Union Carbide plant at Bhopal in central India disgorged 40 tonnes of lethal methyl isocyanate gas in one of the world's worst environmental disasters.

9. City of New York v. Permanent Missions of India and Mongolia


For many years, the City has levied property taxes on portions of foreign missions to the U.N. that are used as residential quarters for embassy personnel. The City is seeking over $16 million in property tax arrears from India and $2 million from Mongolia for floors of their buildings used as residences. The Second Circuit rejected India's claim that it cannot be sued in U.S. courts. The Foreign Sovereign Immunity Act generally precludes lawsuits against foreign governments, but an exception allows suits involving "immovable property."

The matter was argued before the U.S. Supreme Court on April 24, 2007 by Corporation Counsel, Michael A. Cardozo. The case was handled below by the Affirmative Litigation division.

View the Supreme Court Oral Argument Transcript (in PDF)
View the Law Department's Supreme Court Brief (in PDF)



8. Bhavna Talwar vs. Film Federation of India

India may withdraw its Oscar entry in the foreign-film category because of alleged bias in the selection process.

"Maybe there will be no film from India," Vinod Pandey, chairman of the Film Federation of India, said Monday. "Anything is possible. We can reaffirm our choice, send another or maybe India would retire this year."

The Bombay High Court has asked the federation to respond to a lawsuit challenging the selection of well-known filmmaker Vidhu Vinod Chopra's Eklavya: The Royal Guard.

First-time director Bhavna Talwar filed a petition claiming one panelist on the 11-member jury had edited a promotional short film for Eklavya, and that two other jury members were also close to Chopra.


7. Eli Lilly vs. Sun Pharmaceutical


Indianapolis-based Eli Lilly and Co. sued India's Sun Pharmaceutical Industries Ltd. to prevent it from selling a generic version of the hyperactivity-disorder drug Strattera. Bloomberg News reports that Lilly, the largest maker of psychiatric medicines in the world, filed a complaint Sept. 20 in federal court in Detroit asking that FDA block approval of Sun's generic.

Lilly's patent on Strattera expires in 2017. The medicine generated $282 million in sales in the first two quarters for Lilly, Bloomberg reports. The patent covers a way to treat attention deficit/hyperactivity disorder, or ADHD, with atomoxetine, the key ingredient in Strattera.

"Lilly will be irreparably harmed'' if the generic drug is not blocked, the company said in the complaint. In its application, Mumbai-based Sun told the FDA the patent is invalid, not infringed or unenforceable.


6. Danjaq vs. Cadbury India


It’s a plot that Ian Fleming didn’t script. But it has got his creation, the world’s numero uno spy with guns, gals and gizmos, James Bond 007, all shaken and stirred. Only in this case, Bond is out to squash the challenge of not some nuke-wielding terrorist but an ad for a sweet-coated chocolate candy from Cadbury India.

Read more here



5. State of California vs. Anand Jon

LOS ANGELES (Reuters) - California officials unsealed new rape charges against Indian-born celebrity fashion designer Anand Jon on Thursday, bringing the number of women he is accused of raping or sexually assaulting to 20.

Jon, 33, who once appeared on television show “America’s Next Top Model,” is accused of luring women back to Los Angeles to work as models and then attacking them. He has been charged with 59 counts of raping or sexually assaulting women between the ages of 14 and 27.

In June, the celebrity designer faced 46 counts involving 18 women. The new charges came after a September grand jury hearing that involved 23 witnesses, the Los Angeles County District Attorney said in a statement.

4. Gopi Vedachalam vs. Tata America International, Tata Consultancy Services Limited and Tata Sons Limited


This lawsuit should be of interest to anyone of Indian descent working for an Indian company overseas. The complaint, brought in Federal court in San Francisco by Gopi Vedachalam, an employee of Tata America International Corporation, alleges Tata unjustly enriched itself by requiring all of its non-U.S.-citizen employees to endorse and sign over their federal and state tax refund checks to Tata. The complaint alleges further that, at least until July 2005, Tata required its non-U.S.-citizen employees to sign power of attorney agreements delegating an outside agency to calculate and submit each employee's tax return to state and federal authorities.

Class counsel announced that District Court Judge Vaughn Walker denied the motion of Tata America International Corp. and its parent corporations Tata Consultancy Services Limited, and Tata Sons Limited to compel arbitration in India and dismiss the nationwide class action lawsuit in United States court.



3. Arcelor vs. Mittal

An interesting lawsuit based on Arcelor’s contention that Mittal Steel copied a type of steel used in automobile production. Interesting because Mittal probably decided they better buy Arcelor rather than face a loss in court. Mittal says the suit is not related to the takeover battle, and Mittal has said the Arcelor suit is ''without merit.''

Mittal Steel Co. has launched a $27 billion offer for rival Arcelor SA seeking a tie-up that would join the world's two largest steelmakers into a global titan. Merging the world's top steelmakers would create a company with nearly a 10% share of global steel production and a market capitalization close to $40 billion.

Arcelor, based in Luxembourg, has so far rejected the offer as hostile, saying the best thing for the company's shareholders is Arcelor's current management and plans. Most of the company's equity is held by a wide variety of small and institutional investors, as well the governments of Luxembourg and Belgium's Walloon region.

2. Three India Attorneys vs. Richard Gere and Shilpa Shetty

A few publicity seekers that want attention placed on them rather than forgiving a social mistake by a foreigner have filed this ridiculous lawsuit. I can’t help but draw the analogy of an Indian in America making a similar faux pas yet the Americans would forgive the mistake and not try the case in court.

Background: Three lawyers have filed complaints in Indian courts against Hollywood actor Richard Gere and popular Bollywood actress Shilpa Shetty after Gere kissed Shetty several times at a public function last weekend to promote AIDS awareness in India. Gere and Shetty have been accused of committing "an obscene act" in a public place.

Meanwhile, two other lawyers filed another complaint in a town near New Delhi, against Shetty and private television stations for broadcasting videos of the kissing debacle. Courts have reportedly asked to see a copy of the kissing incident on videotape

Read more here

1. Waytha Moorthy vs. Britain

The most ridiculous lawsuit and our number 1 choice for a waste of money goes to Waytha Moorthy a Malaysian Indian man that is suing the UK for $4 trillion dollars in a class action lawsuit. He is seeking to collect damages because the UK created indentured servants out of the world’s Indian population during British colonial rule.

This reminds me of the dimwits in the US suing the US Government (i.e. the US citizens) for crimes against their slave ancestors. Notwithstanding the illogical conclusions drawn by, “you sue me for what my great-great-grandfather may or may not have done”; how do you go about analyzing direct damages?

Well if Moorthy wins, I can always sue Moorthy for half given I am pretty sure his great grandmother only paid my great grandmother half of what she was promised in an agreement that was discriminatory.



Suggested Reading






Friday, October 5, 2007

Top 10 Reasons why Indians Love Gold

The Indians' faith in God and gold dates back to the Vedic times; they worshipped both. According to the World Gold Council Report, India stands today as the world's largest single market for gold consumption.

For a much more serious and detailed view on the matter we like the explanation found at Hare Rama Hare Krishna site

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Tuesday, October 2, 2007

Top 5 India Social Networking Sites



Like we have done with our other traffic ranking articles we examine the traffic trends for social networking sites that primarily target an Indian audience. In all the social networking phenomenon in India is small compared to the US (Indian social networking websites today claim a user base of around 3 million registered users) while MySpace, which has 106 million users and Orkut which has 67 million have far greater numbers.

Clearly, Indian firms have a lot of work ahead of them in order to catch up. However, Siddhartha Roy, CEO, BigAdda, says optimistically: “We are early on the curve.” Alok Mittal, MD, Canaan Partners, a venture capital firm, says: “When you put that in context, Indian social networking websites are in their infancy. The break-even point is longer, but once they attain a critical mass of 40 million users, then VC firms will start investing in them.”

Navin Mittal, CEO, fropper.com, says: “With the Indian Internet user-base negligible compared to the US or China, these are very early days.”

The owner of the blog Trak.in does a great job of explaining the benefits of social networking for India and what it means for consumers and businesses.

As you can see below, of the top 5 India social networking sites, bharatstudent.com is ahead in traffic but has not gained much in market share for the past 6 months. While bigadda.com in the last 60 days has had a tremendous increase in traffic launching it to 2nd place (notice our traffic graph is a 3 month average while the line graph shows day by day traffic). Indianpad.com has stayed steady while fropper.com has slipped a little. Yaari’s traffic has been up and down and is currently at a low point.

Traffic Rank
bharatstudent.com 2285
Fropper.com 9506
indianpad.com 4352
yaari.com 33538
bigadda.com 13365


Click here to see this graph at graphwise.com.


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