Saturday, September 28, 2013

Armenian cemetery of Hyderabad, Photos by Dr. Omar Khalidi


 
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Thursday, September 26, 2013

Meet Hyderabad-born Prem Watsa, the man who is buying BlackBerry @ IBN Live

Extract:

Watsa, born in 1950 in Hyderabad, India, and trained as a chemical engineer, has a public profile that has at times bordered on the reclusive since he took over Fairfax in 1985. For his first 15 years at the company, he barely spoke to a reporter, and he only started holding investor conference calls in 2001.

Fairfax has generally not been known as an activist investor, but Watsa has not shied away from a fight, launching a $6 billion lawsuit against a group of hedge funds in 2006, accusing them of conspiring to the drive the company's shares down so they could be shorted.

A short position enables an investor to profit when a stock drops.

To be sure, not all Watsa's moves have been golden. Fairfax had to write off most of its investment in Winnipeg-based media company Canwest in 2009 as the company filed for bankruptcy protection. It also wrote down a significant investment in publisher Torstar in 2008-09. Speaking last year, Watsa suggested investors looking for a short-term rebound in BlackBerry might be disappointed.

"Is it going to turn around in three months, six months, nine months? No," he told reporters. "But if you're looking four, five years ... We make investments over four or five years." Read more at: IBN Live

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Wednesday, September 25, 2013

Debt-ridden Deccan Chronicle goes to BIFR

SUMMARY
Deccan Chronicle Holdings (DCHL) has approached the Board for Industrial and Financial Reconstruction (BIFR) seeking a bailout under the Sick Industrial Companies (Special Provisions) Act of 1985, reports fe Bureau in Hyderabad ... 

Continue reading Financial Express · 2013-09-18

Saturday, September 14, 2013

The real story of 'Police Action' against Nizam in 1948 -- Revisiting Hyderabad Liberation Day on 17 September

This post is continuously updated, last updated 29 Sept, 2013


T S Sudhir | India Today | Hyderabad, September 10, 2013
It is one of the best-kept secrets in the annals of Indian history.

What exactly happened in Hyderabad on and after 17 September 1948 when the might of the Indian Army forced the Nizam of Hyderabad to surrender and merge his kingdom with the Indian Union, 13 months after India had become an independent country?

The day is celebrated every year by the votaries of Telangana -- that is pretty much the old Hyderabad state geographically, barring districts that became part of present-day Maharashtra and Karnataka -- as Hyderabad Liberation Day.

Except that if they knew the bloodshed that took place then, they would realise there isn't much to celebrate about.

After reports that the Nizam's Army was committing atrocities on innocent civilians, Pandit Jawaharlal Nehru and Sardar Patel decided enough was enough and ordered the Army into Hyderabad.

Though its technical names were "Operation Polo" and "Operation Caterpillar", it was more commonly referred to as "Police Action".

Read more at: India Today
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Monday, September 2, 2013

Hyderabad Hub of Educational/Visa Fraud - Beware of fake educational academies

Extract from Yahoo Answers Denise :

I can understand your concerns about getting a worthless degree. If you are looking only at online schools, I suggest you read the article on the Dept. of Education's website titled Diploma Mills and Accreditation. Of course, all degrees from a diploma mill are worthless. ...
Unfortunately no school can guarantee employment with any company. ... Better yet, if you are employed, ask the human resources of your company and ask them if they would promote or hire a graduate from (use the name you have, eg., abc online university)