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Bizdom - January

Dear All,
With an endeavour to come out with more business quizzes and content related to business/brand trivia, we present the first bizdom quiz of the year 2009.

Please mail in your answers to this quiz at following e mail id :-
1. shivsavy@gmail.com

2. shiv606_vamnicom@yahoo.co.in

The answers to this quiz will be published on 22nd jan 2009.

Q.1.Late in the year 1669 when the East India Company acquired Mumbai, Gerald Aungier became the Governor of the City and is considered the founder of this organization. At the point of inception it was called Bhandari Militia .



Q.2. It was Abram Games - famous for creating the logo for The Festival of Britain - who created the first identity for this company known as Bat's Wings.


Q.3. 1897 : First _________________in India... Mr Foster of M/s Crompton Greaves Company, Mumbai.Fill in the blanks


Q.4. Women were first carefully chosen and selected from auditions. Then, they undergo a thorough and strict training before officially becoming _____. _______ were required to be able to identify 143 brands of liquor and know how to garnish 20 cocktail variations. Dating or mingling with customers was strictly forbidden. Customers were also not allowed to touch the _______,fill the blanks



Q.5. Incorporated in 1978, this Indian company was engaged in manufacture of Synthetic Yarn Manufacturing Machines in technical collaboration with ARCT, France. In 1978, it became a public limited company and diversified into processing synthetic yarn.the present focus of this company is in automobile sector.


Q.6. The Company was formerly called CGNU, and was created by a merger of Norwich Union and CGU plc (itself created by the 1998 merger of Commercial Union and General Accident in 2000. The present name was adopted in July 2002.


Q.7. He says that his interest in economics began with Isaac Asimov's Foundation novels, in which the social scientists of the future use "psychohistory" to attempt to save civilization. As psychohistory does not currently exist, he turned to economics, which he considered the next best thing .

Q.8.This Kanpur born English cricketer's first job was as a sales representative for ICI and his first senior cricket was with the Tunbridge Wells club and with Kent's second XI. In 1967 he broke the Kentish Leagues' Bat and Trap record for most consecutive strikes between the white posts - 13 in one game.Who


Q.9.This Indian entity is a result of a chartered accountant named Ashok Kumar Bansal when he decided that he had enough of making other people rich and thus he set out to search for doing business in 1990s under the term export items.At that time the license raj limited choices considerably - he discovered two: one was liquid mosquito repellent and the other was the product with which he made history.name the product or the Entity.

Q.10. Which application for CTM(Community Trade Mark) license by the BCCI has put itself in trouble over infringement issues.

Q.11.Which Indian businessman once weighed 115kgs, but upon being ridiculed for his weight in a boardroom meeting, he lost weight and is now a self-proclaimed fitness freak.

Q.12. In 1979 he initiated the Zero Defects program at the Martin Company Orlando, Florida plant. As the quality control manager of the Pershing missile program, and was credited with a 25 percent reduction in the overall rejection rate and a 30 percent reduction in scrap costs. In 1979 he published his first business book, Quality Is Free .

Q.13. What was invented by a Croatian Josip Belušić in 1888, and was originally called a velocimeter.

Q.14. The first logo of which company

Q.15. All Stressed-up… And No Place To Go”
Put fundae!


Q.16.


Q.17. Identify this classical economist.


Q.18.Put fundae


Q.19. Identify the logo


Q.20. Put Fundae



Q.21.



Q.22. Identify the advertiser (Old memories of our blog)


INDIA’S BIGGEST CORPORATE FRAUD

Chairman of Satyam Computer Ramalinga Raju has resigned from the company’s board. In a shocking disclosure, he has revealed some financial irregularities in the company, including an inflated cash balance of Rs 5,040 crore.

WTF it’s all about?
The beleaguered IT giant, already under scanner over the aborted acquisition of firms promoted by the Chairman's family, received a rude shock days ahead of its January 10 board meeting, with Raju stepping down along with his brother and Managing Director B Rama Raju.

Share movement as on Jan-7-09

BACKGROUND

The Satyam board on December 16 passed an unanimous resolution to let Satyam buy Maytas Infra and Maytas Properties for $1.6 billion. However the deal was called off in the wake of an outrage from the company’s shareholders as well as the institutional investors. The quick change in plans came after investors demonstrated their opposition to the deals by pushing shares in India's No. 4 software services company down 55 per cent in New York Stock Exchange trade. Satyam founder and Chairman B Ramalinga Raju and other insiders hold 36 per cent in Maytas Infra and 35 per cent in Maytas Properties.

WHO IS MR. RAJU?

Born to Byrraju Satyanarayana Raju, a farmer in Gargaparru village of West Godavari district, Ramalinga Raju attended school in Bheemavaram town and graduated in commerce from Loyola College, Vijaywada, before landing in the United States to complete his MBA from Ohio University. In 1977 Raju married Nandini, the eldest daughter of an electrical engineer based in Germany. His first business venture was Satyam Spinning and Weaving Mills Limited, set up in Shabashpally in his home district. Raju had to wind up the mill after it turned sick in a few years, but by then the idea of diversifying into other sectors had germinated in his mind. The spinning and weaving mill was followed by a construction company, Satyam Constructions. Raju also set up a software unit in his spinning mill, which became the laboratory where Raju tested his ideas for the future. It was as early as 1987 when Raju foresaw the tremendous new opportunities in then little-known world of software. Along with his brother-in-law DVS Raju, Ramalinga Raju launched Satyam Computer. However, differences over matters of management and funding led to the parting of ways with DVS Raju. Ramalinga Raju made his younger brother Ram Raju his second in command, while DVS Raju went on to launch his own company, VisualSoft, in the high technology area.

WHO ARE THE AUDITORS? -PWC
In India they audit around 118 compaines, including few big names like:
GlaxoSmith, GMR Inds, GMR Infra, Goodyear India, HCL Technologies, Jagran Prakashan, Marico, Maruti Suzuki, Mastek, Moser Baer (I), NDTV, NIIT, T.V. Today, United Breweries, and Zensar Technologies.
In the past they were named for fraudulent accounting in Global Trust Bank and DSQ Software . Despite these achievements, the alleged figure fudger was named "India Tax Firm of the Year" in 2007!
In the GTB case, Pricewaterhouse was hauled up for alleged negligence in auditing of books of the bank and failing to detect huge levels of NPAs. The NPAs had accumulated due to massive exposure made by the erstwhile bank into the stock market, which Pricewaterhouse is alleged to have overlooked. In DSQ Software, they were found guilty of manipulating share prices and falsification of accounts by Serious Fraud Investigation Office (SFIO) of the ministry of corporate affairs.

However just two days before they had suggested to get out of the mess which they could not trace for so many years.
“PwC may review its 'continuance' with Satyam Computer ( as on 5 Jan 2009)”
Now it will be interesting to see how corporates and government will rate them for this crime

Trivia: Satyam in Sanskrit means ‘truth’ and maytas is satyam in reverse, truly a reverse....

Teja Raju and Rama Raju Jr., Myatas (in)fame
From next year onwards, in all likelihood the course curriculum on corporate governance would consist this as their case study....


INTERESTING NEWS (VIEWS)

“The finance minster of India, widely believed to be Manmohan Singh, announced appointment of Ramalinga Raju, Chairman, Satyam Computer Services limited, as Director, SEBI. It is understood that Raju has been awarded for the international recognition and reputation he brought to Satyam Computer and Indian IT industry.
“Raju could create wealth where none existed. He could bring cash in access of what could have been counted. He could make Satyam earn interests on NPAs, and he could write off huge liabilities. Such an acumen and ability is not to be found easily in men, and India could benefit from his experiences in these troubled times.” a finance ministry press statement revealed.” Read here
"I don't think it will have any impact on (foreign investment). This is only one case. In the US, we have seen all the icons that had this problem. So this is very (small) compared to what we have seen in the US," Kamal Nath, Commerce Minister said.
"We are in touch with Ministry of Corporate Affairs. We are also in discussion with them as to what steps need to be taken from the perspective of power they have under the law and Sebi has under the law," Sebi chairman C B Bhave said.

LEVI'S 501: UNBUTTONED


Levi's introduces its new global advertising strategy with the tagline "Live Unbuttoned," This new campaign coincides with the company's decision to standardize the way the famous 501 jeans to take the same measures in all countries where they are sold, which is 110 in all.

My take on this campaign is simple “Sex sells”, however I am bit surprised by the move of having such a young models ( I guess 13 and 15 ONLY)

The man who inspired Gowarikar to make Swades

Have you ever heard of this story that “The man who inspired Gowarikar to make Swades” was Mr. Vikram Akula, well this was recently asked in an online quiz.
As a quizzer I Have been listening to this story for a long time and infact during my SKS’ interview (dec, 06)I quoted this fact to Lokesh, anyway he happily accepted the good word about his then boss and then replied, “it’s a fake story “. Later on during my interaction with Vikram during my SKS days, Vikram himself declined to be the “man who inspired Gowarikar to make Swades” (July, 07).
However the Aaj-Tak-Kind-of-Media, is still making him as the “man who inspired Gowarikar to make Swades

Calvin & Hobbes and the Economic Recession

 
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