C K Prahalad tops World's top 50 Thinkers list

Indian-born Coimbatore Krishnao (CK) Prahalad, has been voted the world's most influential living management thinker.Prahalad, who is the first Indian-origin thinker to claim the title, was ranked number three in last year's Thinkers 50 list.

With Gary Hamel, a strategy guru (ranked 14), CK Prahalad wrote the bestselling book Competing for the Future, which introduced the idea of core competencies. Instead of identifying what business they are in, it argues, companies should identify their distinctive competencies — allowing them to focus on the activities they excel at which provide a competitive advantage.

There are three other Indians in the top 50: CEO coach Ram Charan at No. 22 (up from No. 24 last year), innovation guru Vijay Govindarajan of the Tuck Business School at No. 23 (No. 31 last year); and Harvard’s Rakesh Khurana at No. 45 (No. 33 last year).

The Top 10
Here is the List of the Top 10.
Ranking Name
1 CK PRAHALAD
2 Bill GATES
3 Alan GREENSPAN
4 Michael PORTER
5 Gary HAMEL
6 Chan KIM & Renée MAUBORGNE
7 Tom PETERS
8 Jack WELCH
9 Richard BRANSON
10 Jim COLLINS

50 militants, 20 soldiers killed in clashes in Pakistan

October 07, 2007
Rediff reported that "Fifty pro-Taliban militants and 20 soldiers were killed in clashes in Pakistan's restive North Waziristan tribal region on Sunday" . "Hours after the operation by the security forces began, militants ambushed a military convoy at Hassukhel in North Waziristan, killing at least 10 soldiers and injuring 12 others. Twenty militants were killed when soldiers retaliated, Arshad said, adding that the two sides were still exchanging fire" - It added

Dawn adds that - Local Taliban militants have kidnapped another 28 paramilitary soldiers in the troubled North Waziristan tribal region.

The North West area of Pakistan has been a hotbed for terrorists in Pakistan.

On the other hand Indian Reader's reaction has been mixed. Simon says that - "It would have been a better news if they added a 0 on both sides i.e. 200 and 500. Not a bad news anyway". Mahesh Kasani adds - "50 millitants and 20 soldiers = 70 terrorists in pakistan were dead in clash ... good for world".

However, Adi says that - "Lets not blame the poor soldiers. Who makes them do what they have to. Who gives orders...a handful of selfish politicians whose survival depends on division. My father was in the indian army and he knew lots of pakistani soldiers. Trust me i met some..they are simple humans just like us. But just as sometimes we cannot say no to our bosses."

Shankaracharya on Islam

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Shankaracharya on Islam



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Six Sixes by Yuvraj Singh

Here is Video of Yuvraj Singh's Six Sixes. Rates Indian News Enjoy !!! List of Indian ADRs

Indian ADRs substantially Outperforms NASDAQ

India's economy grew at 9.4 pct in the fiscal year ended March 2007, the fastest expansion in the last 18 years.The Indian economy is expected to grow by 8.5 percent in the fiscal year ending March 2008. It therefore makes sense to look at India from investment perspective. Indian ADRs ( American and global depositary receipts) provides one way of investing in India. We will look at the historical growth of Indian ADRs and try to draw some quick conclusions.
The following table lists the prices of American and global depositary receipts of Indian companies compares in the past three years. The Closing prices of ADRs have been taken.
Table 1 : Share Prices of Indian ADRs

Sl No.	Company	Sticker	1 Yr Ago	2 Yr Ago	3 Yr. Ago	10-25-07
1	HDFC Bank Ltd	HDB	56.87	49.7	31.37	102.94
2	ICICI Bank Ltd.	IBN	28.06	25.37	13.17	51.21
3	iGATE Corp.	IGTE	4.85	3.65	3.94	8.69
4	Morgan India Investment Fund	IIF	39.88	38.18	19.75	49.8
5	Infosys Technologies Ltd.	INFY	45.85	34.62	27.16	45.97
6	Mahanagar Tele	MTE	6.51	6.16	6.2	7.96
7	Patni Computer	PTI	18.75	NA	NA	23.08
8	Dr. Reddy's	RDY	15.82	8.87	8.27	16.15
9	Rediff.com	REDF	14.78	12.98	7.51	17
10	Satyam	SAY	19.09	14.11	11.01	23.6
11	Sify Ltd.	SIFY	8.9	4.73	5.57	8.06
12	WNS Ltd.	WNS	27.9	NA	NA	16.77
13	The India Fund Inc.	IFN	41.73	33.6	19.09	51.85
14	Videsh Sanchar	VSL	17.09	15.5	7.04	22
15	Tata Motors Ltd.	TTM	17.72	11.23	NA	18.5
16	Syntel Inc.	SYNT	22.55	17.24	14.06	40.81
17	Wipro Ltd.	WIT	12.49	9.53	8.44	13.82

The purpose of this analysis is to find the rate of growth of the Indian ADRs as compared to the US market. The
Following Table lists out the gain during the past 3 years of the US market verses the Indian ADRs.

Table 2 : Annualized Percentage Return of Indian ADRs Vs NASDAQ

Sl No.	Company	Sticker	1 Year Return	2 Year Annualized	3 Year Annualized
1	HDFC Bank Ltd	HDB	81.01%	53.56%	76.05%
2	ICICI Bank Ltd.	IBN	82.50%	50.93%	96.28%
3	iGATE Corp.	IGTE	79.18%	69.04%	40.19%
4	Morgan India Investment Fund	IIF	24.87%	15.22%	50.72%
5	Infosys Technologies Ltd.	INFY	0.26%	16.39%	23.09%
6	Mahanagar Tele	MTE	22.27%	14.61%	9.46%
7	Patni Computer	PTI	23.09%	NA	NA
8	Dr. Reddy's	RDY	2.09%	41.04%	31.76%
9	Rediff.com	REDF	15.02%	15.49%	42.12%
10	Satyam	SAY	23.62%	33.63%	38.12%
11	Sify Ltd.	SIFY	-9.44%	35.20%	14.90%
12	WNS Ltd.	WNS	-39.89%	NA	NA
13	The India Fund Inc.	IFN	24.25%	27.16%	57.20%
14	Videsh Sanchar	VSL	28.73%	20.97%	70.83%
15	Tata Motors Ltd.	TTM	4.40%	32.37%	NA
16	Syntel Inc.	SYNT	80.98%	68.36%	63.42%
17	Wipro Ltd.	WIT	10.65%	22.51%	21.25%
		Average	26.68%	34.43%	45.38%
18	NASDAQ COMPOSITE	^IXIC	20.24%	13.20%	13.83%
19	Dow Jones Industrial Average IN	^DJI	19.56%	16.01%	12.03%

Some Conclusions
1. The growth of Indian ADRs outperforms the average US market by substantial margin in the last 3 years.
2. The difference in growth of the Indian ADRs and US market has narrowed in the last year.
3. The advantage of the Indian ADRs as compared to the average US market is on expected line because of the higher GDP growth of Indian in general and Indian companies in particular.
The inverstor will need to continue to explore Indian ADRs. We also will need to monitor Indian economy in general to take advantage of the global growth pattern.

Analyzing Rediff Article : US media slams US for backing Musharraf

The following article appeared on rediff on Sept 19, 2007.
US media slams US for backing Musharraf
Slamming Pakistani President Pervez Musharraf's attempt to stay in power through political fiat, a leading newspaper in the US has said the Bush administration's continuing support for the military ruler for "short-term benefits" will only make "a bad problem worse".
"After unsuccessful negotiations with former prime minister Benazir Bhutto , he (Musharraf) has returned to the practice of political fiat that has served his country so poorly over the past eight years," The Washington Post said in an editorial titled 'Re-election by Fiat'.
Terming Musharraf's undertaking before the Supreme Court that he will remove his uniform after his re-election "less a concession than a threat to both Pakistan's centrist political parties and the court", the paper said the general is in effect insisting that he be given another five-year mandate on his own terms, even though a "large majority of Pakistanis want to see him step down and election process violates the constitution on multiple grounds".
The paper said the likely result of the General's actions is that, instead of uniting against the growing threat from Islamic extremist groups, Pakistan's secular institutions will continue to wage a "destructive political war" against each other.
The paper also criticised the Bush administration for continuing to support the General, saying "by failing to insist that Musharraf come to terms with the country's moderate and secular centre, the Bush administration is making a bad problem worse."
"It's doubtful that the General would pursue this course if not for the tolerance and support he enjoys from the Bush administration, which has repeatedly signalled that it prefers the short-term benefits of alliance with an autocratic general to the uncertainties and messiness of a return to democracy.
"The risks and dangers for the United States in Pakistan are unquestionably great," the paper said. A government elected though free and fair polls will be better able to confront al Qaeda, the Taliban and other extremist movements, the editorial said, adding if Musharraf succeeds in imposing his own solution, he will deal a severe blow to the rule of law and further isolate and weaken himself.
The rediff link
http://www.rediff.com/news/2007/sep/19wp.htm
I was just wondering why rediff could not post the link to the Washington Post itself...rather than saying again and again - "the paper said" ..."the paper said" ...
I will prefer diggsamachar or Janata Newsover this article.

Diggsamachar - The rated Indian News

Diggsamachar is neither a new concept nor a revolutionary concept. It however caters to the needs of the Indian Community. The taste of the Indian community has some specialty that is different from International community.

For example, the International community is indifferent to what is happening in Cricket, Pakistan - while these two have top priority to Indians.

In Finance, Indian community is concerned about the performance of the Indian ADRs. A separate finance discussion board is available at Indian ADRs

The news that occupies top rating at diggsamachar may not be the top rated from International community perspective. As an Indian we would, therefore, like to visit .