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Saturday, September 29, 2007

Each day as you wake up, make the decision to strive to do what's right.

Approach your life as you would your game....

...when you make a mistake, learn from it, correct it, and get ready for the next point. Life moves too fast to sulk and dwell on the past.

...when you're down, fight harder to get back on top. Life is full of hardships. Fight hard against those feelings of despair.

...when you're doing everything right and still can't win, be patient. No matter how good we are or how hard we struggle to make the right decisions, life often makes us wait.

...when you are on top of your game, relax and enjoy it. Life is fully appreciated when we survive adversity and can relax in the sunlight of success.

Each sunrise brings a new opportunity. No matter how bad the day before was, today is brand new. When you wake up, seek the strength and courage to do the right thing.






"Come in," God said to me. "So, you would like to interview Me?"


"If you have the time," I said.

God smiled and said: "My time is called eternity and is enough to do everything. What questions do you have in mind to ask me?"

"None that are new to you. What's the one thing that surprises you most about mankind?"

God answered:

"That they get bored being children, are in a rush to grow up, and then long to be children again. That they lose their health to make money and then-lose their money to restore their health. That by thinking anxiously about the future, they forget the present, such that they live neither for the present nor the future. That they live as if they will never die, and they die as if they had never lived..."

God's hands took mine and we were silent.

After a long period, I said, "May I ask you another question? As a parent, what would you ask your children to do?"

God replied with a smile:

"To learn that they cannot make anyone love them. To learn that it takes years to build trust, and a few seconds to destroy it.

To learn that what is most valuable is not what they have in their lives, but who they have in their lives.

To learn that it is not good to compare themselves to others. There will be others better or worse than they are.

To learn that a rich person is not one who has the most, but is one who needs the least.

To learn that they should control their attitudes, otherwise their attitudes will control them.

To learn that it only takes a few seconds to open profound wounds in persons we love, and that it takes many years to heal them.

To learn to forgive by practicing forgiveness.

To learn that there are persons that love them dearly, but simply do not know how to show their feelings.

To learn that money can buy everything but happiness.

To learn that while at times they may be entitled to be upset, that does not give them the right to upset those around them.

To learn that great dreams do not require great wings, but landing gear to achieve.

To learn that true friends are scarce.

To learn that it is not always enough that they be forgiven by others but that they forgive themselves.

To learn that they are masters of what they keep to themselves and slaves of what they say.

To learn that they shall reap what they plant; if they plant gossip they will harvest intrigues, if they plant love they will harvest happiness.

To learn that true happiness is not to achieve their goals but to learn to be satisfied with what they already achieved.

To learn that happiness is a decision. They decide to be happy with what they are and have, or die from envy and jealousy of what they lack.

To learn that two people can look at the same thing and see something totally different.

To learn that those who are honest with themselves, without considering the consequences ,go far in life.

To learn that even though they may think they have nothing to give, when a friend cries with them, they find the strength to appease the pain.

To learn that by trying to hold on to loved ones, they very quickly push them away; and by letting go of those they love, they will be side by side forever.

To learn that even though the word "love" has many different meanings, it loses value when it is overstated.

To learn that they can never do something extraordinary for Me to love them; I simply do.

To learn that the shortest distance they could be from Me is the distance of a prayer."







Everyone has heard of the Sensex. Most of us know it is the index of the Bombay Stock Exchange. But there are lots of facts you are probably unware of. Here are six interesting facts about the Sensex.


1. The Sensex is an abbreviated version of The Bombay Stock Exchange Sensitive Index.
It is the benchmark index for the Indian stock market, closely followed by Nifty, which is the index of the National Stock Exchange. Officially called S&P CNX Nifty, this name is credited to the 50 stocks that comprise its index.

2. The Sensex is made up of only 30 stocks.
These stocks represent around a dozen sectors. They are leaders in their respective industries.

3. The stocks are picked by the stock selection committee (known as the Index Committee).
There are certain basic parameters fixed when picking these 30 stocks. They are:

~ The stock should have been traded on each and every trading day (the days on which the stock market works) for the past one year.

~ It should be among the top 150 companies listed by average number of trades (buying or selling of shares) and the average value of the trades (in actual rupee terms) per day over the past one year.

~ The stock should have been listed on the BSE for at least one year.

4. The job of the Sensex is to capture the price movement of the equity market.
The Sensex reflects the price movements of shares. If the Sensex rises, it indicates the market is doing well.

The price of every stock price rises or falls for two possible reasons:

News about the company
Great earnings, great annual or quarterly results, product launch, closure of a factory, the government providing tax or duty exemptions to the sector so more profits expected, a feud among the company's top bosses, etc. This will be stock specific news.

News about the country
Testing a nuclear bomb, a terrorist attack, the Budget announcement, new tax regime, declaration of war, change of government, good monsoons and hence a good agricultural crop, etc. This will be called index news.

The job of an index is mainly to capture the news about the country. This will reflect the movement of the stock market as a whole. It could also reflect the sentiment of the market as a whole. If corporate India is largely doing well, then it will get reflected here.

A good index will only capture news that is common to all stocks in India. This is what the Sensex does. In order to present a broad picture, the stocks selected are from different sectors.

5. The value of each of the stocks in the Sensex is not equal.

The market cap method
Each of the 30 stocks in the Sensex has a weight attached to it. This weight depends on the market capitalisation of the stock.

Market capitalisation refers to the number of shares of a company multiplied by its market value (the price of each share). For instance, if a company has 10 million shares whose value is Rs 30 per share on July 1, 2006, it will have a market cap of Rs 300 million on July 1, 2004.

Let's assume the market cap of the 30 Sensex stocks is Rs 3,00,000 crore. Let us also assume the market cap of ITC (which is one of the 30 shares that make up the Sensex) is Rs 20,000 crore, then ITC's weight in the Sensex is 6.66%.

The rise or fall in the price of ITC's shares will impact the Sensex to that extent.

This is referred to as the full market capitalisation methodology.

Free-float weightage
Here, a company's entire lot of shares are not taken into account (which means we are not looking at the entire market capitalisation). Only the shares readily available for trading are considered.

In every company, a certain amount of shares are not available for trading on the stock exchange. These shares could be held by the government or the promoters of the company. Under the free-float weightage method, they are not taken into account.

How does the stock exchange arrive at this weightage?
In this case, the market cap is multiplied by the free float factor (which is the proportion of a company's shares that can be readily bought and sold).

The Sensex uses the free-float weightage method.

The Sensex's free-float market cap at close of business on December 3, 2005, was Rs 3,66,124 crore.

Unlike the Sensex, the 50 stocks in Nifty -- the index of the National Stock Exchange -- is based on the market cap method and not the free-float method.

You can read about the free-float method in detail on the BSE web site.

6. The clincher

Even though the BSE came into existence in 1875, the Sensex was formulated and came into existence only in 1986.

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Thanks................. ..




References: From career expert "Arun Royal" .....................

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Whoever said, 'A rolling stone gathers no moss', certainly didn't belong to our times!

A few years ago, three or four jobs hops in 24-36 months on a resume would have spelt doom.

But the rules have changed.

A rolling stone now reaches faraway lands and for the good!

Says Astad Dhunjisha, manager, HR, ICICI, "The average job tenure has gone down drastically. Job hopping is not stigmatised anymore."

Jeevanand, web consultant with a leading portal, says, "The scene has changed so drastically that if you have been with a company for long, people begin to question your credibility."

That might be quite the other extreme.

But the fact remains that, these days, employers are much more tolerant to job-hopping.


When is it fine to job-hop?

Sherry, assistant manager, HR, Percept, says, "Job-hopping is more frequent and acceptable at the junior levels. Besides, it is seen as an asset or a liability, depending on the position applied for."

Meltan D'Costa, assistant GM, Hathway, seconds this, saying, "Job-hopping might be looked upon as an asset for a sales/ marketing position, which requires exposure to various markets. But for an operations/ accounts position, the job demands someone who has a more stable track record."

So hoppers, if it adds value to your job profile, go for it!


What motivates a hopper?

HR professionals and employees agree unanimously that the top reasons for quitting a job are: a better paying job, better job profile and career growth opportunities.

But besides these obvious positive motivators job dissatisfaction, untimely appraisals, odd work hours and personal problems are catching up as negative motivators.

Many believe that job-hopping in the initial years helps you test the waters.

Ritesh*, senior systems analyst, with six job hops in six years, says, "Job-hopping in the early years helps you explore various options, learn what you are cut out for, experiment with different genres and expose yourself to various work cultures before you makes a final decision to settle down."

Can HR do anything about it?

Job-hopping leading to the decrease in the overall life cycle of a job isn't exactly viewed as an ugly-faced monster.

Most believe that a moderate attrition rate is a necessary evil.

HR personnel across industries agree that a full-fledged retention strategy will bring down attrition rates.

Besides monetary compensations which can be matched easily by competitors, a competitive environment, a diverse profile where learning is possible and sense of fulfillment go a long way to make employees feel valued.

Says Manisha Kelkar, senior manager HR, WNS Services, "Youngsters need to be educated and made to realise that if they are looking to craft a career, they have to look beyond meagre monetary changes."

Job hops that seem frivolous could affect your career advancement in a big way.

How does one know when to hop?

For those who need adhesives to help them stick on to their jobs, there is something called a decent minimum interval, which makes it safe to roll on.


But the general rule that both employees and employers agree on is a minimum interval of one year at the junior level and two to three years at the senior levels.

Says Dharmesh, systems analyst, at a leading web site, "Job-hops help quick raises in the salary, but don't help you move up the ladder. But hanging on to your job works exactly the other way around."

So hoppers, choose what is important to you and roll with it!


Job hopper dos and don'ts!

Here are things you must keep in mind if your resume looks more like the central railway map with a halt at every station!

1. Don't change jobs for a meagre increase in salary (a few thousands), unless it is absolutely critical to your health.

2. Don't ever make the reason for your change of job seem trivial or unnecessary, but a rational conscious decision taken with caution.

3. At an interview, justify every career move in a rational way when asked.

4. Don't drop out jobs from your resume that you think will convey a negative impression. Highlight the positive outcome of each job shift. Masking your resume doesn't really help.

5. Always make a cost-benefit analysis of working with your present employer vis-a-vis working with the future one. The points to focus on are: money, designation, growth opportunities, work hours, work environment, etc.

If four or more are in favour of your new job, you can safely quit.

6. If you have hopped for positive reasons, highlight the achievements, the experience gained with the exposure, the personal and professional growth achieved, and employers will be more than eager to take you in.

7. Never belittle or defame your previous employer or your company and you mark them as the reason for your leaving the job. This attitude reflects lack of professionalism.

And, finally, remember: you can't keep hopping all your life!


Is there a stop to the hop?
What comes to mind here is the vision of a future so beautifully sketched by Alvin Toffler in his Future Shock.

As he sees it, in the world of the future, the job turnover rates will reach an all-time high.

An average 20-year old will change six to seven jobs in a lifetime.

People will not just have a career but serial careers, so to speak.

The job that each person does will be measured not just in terms of his/ her present job, but the 'trajectory' his/ her career has had.

Shocking? Not really!

Wednesday, September 5, 2007



Some of the pics of INDIA before 1947
















References: Pictures have been posted in santabanta.com :))
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