Wednesday, August 18, 2004

Trailing zeroes

Today had been very hectic in the sense that I was zombie incarnate in as many as 5 classes in succession. It's a liberal toss-up between the Cat & Dogs and the melancholic drizzle variety when it comes to rainfall in Bhubaneswar, but so far we have seen a phenomenal domination by the former in the last few days. Some guys handled a presentation session in the Human Resources class pertaining to the rise and rise of Indian Oil Corporation (IOCL). I was kinda' taken aback to be presented with the fact that the immediate equivalent of IOCL in China is benevolence personified to around 7 Lakh employees while IOCL cuts it sharp at 30,000. What about the never-ending hogwash proclaiming China to be a genetically competent socialist entity when in reality Indians are far more effective albeit with a lower headcount to sustain the $25 billion powerhouse that has found its way into FORTUNE.

I'm not very satisfied with my performance in Financial Accounting although It's no mean task to morph myself into a mechanized number cruncher to improve upon my interpretation of the Balance sheets, Profit & Loss A/c, Cash flow statements in such a shorter time span as compared to the days I had taken to master the art of writing software. Well, then I have never studied Finance. Apt as it may sound, I'm certainly not trying to endorse the Fox & Grapes story in any manner. On the other hand, I believe in the fable "Slow and steady (read: Study) wins the race".:) I'd certainly try to pick up pace once I find myself thoroughly percolated into the elusive crevices of earnings per share, DER, P/E ratio and things of that clan. Of course, When going gets tough, the Tough get going. How true !!

India won a silver in the Olympics and adding to the joy, the Indian hockey team defeated South Africa 4-2. Just this morning I was going through an article by Rajdeep Sardesai on the NDTVwhere the author had expressed acute contempt at the prevailing attitude of the sportsmen in our country. According to him, cricket in the singular act of vainglory (We still express pride & happiness to the "Kapil dev's 1983 Prudential world cup" folklore whereas the the aussies are on the verge of becoming Quadrupeds) has wiped out the existence of the other sports events where in cricketers bask in the intermittent glories of having defeated Pakistan in some charity match and endorsements, glamour galore. Contrary to this the atheletes have to share a single lodge in multiples while still carrying the pride of the Tricolour on their shoulders. I'm forced to cogitate as to whether CRICKET SHOULD BE BANNED. Smart alecks, what d'ya think ??

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