Fw: Lawyersclubindia Update : 02/02/2013, DNA News ,
- Wrong numberAfter Reliance Communications and Idea Cellular, it was Bharti Airtel’s turn to disappoint.
Profit was more than half of street estimates as the taxman scooped out a big cut.
As much as `60 crore of tax credit was de-recognised, even as higher African taxes hurt.
Revenues in the Dark Continent, however, were on the ball, rising 2% on-quarter. While minutes of usage increased a tenth, average revenue per minute fell 7%.
The elasticity, though good, wasn’t as good as in the second quarter, Goldman Sachs analysts pointed out.
Operating profit margins in Africa disappointed by dropping 69 basis points to 26.5%.
Airtel lost 28 lakh subscribers between September and November, and it showed in the numbers – it didn’t augment incremental margin gains.
Compared with Idea’s 4.6% topline gain, the biggest telecom player returned 3.9% at `20,253 crore. This, however, is a better sales growth than RCom’s 2.1%.
Net debt declined marginally by 3.7% in the quarter.
The bottomline was impacted by, apart from higher interest charges and taxes, a forex loss of `216 crore.
Consolidated EBITDA margin of the company declined by approximately 80 basis points on-quarter to 30.5%, as operating cost whittled approximately 70 bps of that from India business margins. Operating costs include higher diesel costs and 4G rollout in India, apart from African issues.
Recently, Airtel announced a change in management with Sanjay Kapoor stepping down as CEO, and Manoj Kohli being named managing director.
The telco is also part of a bidding list for a Myanmar licence.
Other cues to look out for include impact of recent tariff hikes, which is expected to have a 3-4% realisation improvement in the next 3-4 quarters.
Spectrum costs on account of bidding in the upcoming 2G auction on March 11 and 900 Mhz spectrum refarming, will also impact Q4 results.
The slow growth in Africa operations has meant analysts remain cautious going forward, though many have a buy call on the share.Published Date: Feb 02, 2013Copyright restricted. For reprThe bright idea of changing bulbs turns too brightPaddy RangappaWhile I have sometimes been led astray in my shopping — like when a careless flight attendant recommended a watch for my daughter without first ascertaining her age — and therefore made bloomers that have provided merriment to the family, my wife has always had the devil’s own luck in shopping. She manages to buy stuff that, somehow or the other, turns out to be really nice (eliciting responses like “Oooh! What a pretty dress – thank you, Amma!” from our daughter).
But a few days ago, she compensated for years of chic sophistication with one mighty blunder when she had the light in our living room changed. We were expecting guests for dinner and I had dutifully stopped on the way back from office to buy drinks and nuts. It was dark outside when I reached home, but when I entered the door it was like stepping into the afternoon sun.
“Whoa!” I said. I looked up at the ceiling light in the living room and was blinded.
“Hi!” Normally my wife’s voice clearly rings through the house and into the corridor outside. But I barely heard her this time – her voice was so subdued. And thanks to being blinded by the light, I could barely see her too. The vague blur in front of me might have been her or the cupboard.
I took out my sunshades from my bag and wore them. “Ah, there you are. Why the razzle-dazzle?”
“Is it too bright?” She sounded distressed. “I called Achai –” our electrician-plumber-handyman and frequent house visitor “– because the earlier light wasn’t bright enough. He suggested we change to a more transparent lampshade and brighter bulbs.”
The living room was lit up like a football stadium on the night of the Champions League Football finals. I could almost hear the roar of the crowds. I squinted at the new lampshade sitting on a rectangular case, its base made of glass, with two wide horizontal bars of clear glass. Through this I could see two bright halogen lamps shining like the midday sun… and something else.
“Why are those coloured wires showing?” I asked.
“Oh, you noticed them too?” My wife asked, sounding more forlorn. “I thought only I notice them because I watched Achai assemble the whole thing.”
“Perhaps our guests won’t notice,” I said optimistically.
When Murali entered our apartment with his wife and eight-year old boy Manoj, he winced in the glare but did not say anything. His son was less reticent.
“It’s so bright!” he cried. “Can I have this kind of light in my room? Please? I can play cricket.”
“You like it?” I said. The boy nodded vigorously. “Aunty bought it today,” I continued and helpfully pointed to my wife who was sitting in stony silence.
The boy looked ready to quiz my wife on her wonderful purchase but Murali diverted his attention by requesting me to turn on the television and tune into Cartoon Network.
A few minutes later, the boy interrupted us. “Papa, what is that?” He pointed to the screen, where the cat Tom was fixing a box-like contraption inside Jerry’s hidey-hole. Colourful wires protruded from the box.
“A bomb,” said Murali, “Tom is going to blow up Jerry’s house.”
As if on cue the bomb went off with more fanfare than Tom had envisaged. Along with the mouse hole, the entire house was destroyed, leaving Tom sitting confused in the middle of the mess, his fur completely singed. The wily mouse, as you may have guessed, had anticipated the whole thing and vacated the premises beforehand. Manoj was impressed.
A few minutes later he interrupted us with a scream.
“A bomb!” Pointing to the ceiling light with the colourful wires, he bolted from the house.
His father ran after him and brought him back, assuring him that it was not a bomb. Manoj was not convinced. Every now and then he would shoot a fearful glance at the ceiling and look longingly at the front door.
After our guests left, I commiserated with my wife on her unfortunate purchase but I was happy. Finally I had a weapon in my arsenal for the next time she criticised something I bought, as she undoubtedly would. I knew this and judging by the way she was looking at me, I knew she knew I knew.
Paddy Rangappa is a freelance writer based in
Singapore. Read more on his
© Paddy Rangappa
l inbox@...Respect YourselfRajyogi Brahmakumar Nikunj jiEach one of us wants to be respected in our lives. Nobody loves to get humiliated. When others criticise us or speak behind our backs, and if we get affected or react to them in any way, it would mean that our self esteem is very fragile and based on a weak foundation.
We base our self esteem on the opinions of others, but what we forget is that every person will have a different opinion about us and we can never really know what others are thinking, because we’re not connected to their minds. Even if we do know what others are thinking, aren’t they entitled to have their opinion? Why should we allow their opinion to shake our self esteem and lose our inner stability? Stop worrying about what others think of you. Once you know who you are and your true self, you need not depend on the opinion of others.
Self esteem and self respect are intimately linked. One is not possible without the other. All of us have been taught how to respect others, but are we taught how to respect ourselves? Not Really! Because of this, our relationships lack harmony and our lives are filled with both inner and outer conflicts.
Lack of self respect has brought about disharmony and negativity in our lives. Hence, if we can maintain self respect, we will be able to remain stable and positive. Then, there would be no ‘tit for tat’ attitude in our lives, no misunderstandings and no disharmony.
The only way to build and strengthen self respect is to practice respecting others, regardless of what they are like or what they are up to. By doing so, we are creating respect within ourselves for the self. This is because when we are give respect to a person, we also create an image of them in our mind. In doing so, we are experiencing respect in a real way and incidentally, respect for the self is also experienced by us from within. So, follow the golden principle — “Give respect to gain respect.”
The writer is an international speaker, spiritual educator and experienced meditation teacher. Email him at nikunjji@... or visit www.brahmakumaris.orgPublished Date: Feb 02, 2013Copyright restricted. For reprint rights click here
About DNA | Contact | Advertise |Be careful about your bank accounts,Email manipulation may make your bank money disappearLittle YadavBusinessmen and employees of firms using private email accounts for business communication and transactions, beware of hackers who have shown a new trend in hacking into business accounts.
Termed ‘email manipulation’, the cyber cell of the Mumbai Police Crime Branch has recorded several such cases. One of the first such cases was reported to the Mumbai police about eight months ago when a supplier of customised pens made a delivery worth Rs7 lakh to the UK. “A mail was sent to the recipient of the consignment with the sender’s bank account details in India. A few days later, the receiver got another mail asking for the payment to be deposited in a Singapore bank,” said a senior investigator with the cyber cell.
Not suspecting anything, the company made the payment. As it turned out, the pen supplier had not sent a second email. The case is still unsolved.
Additional commissioner of police Niket Kaushik said: “We traced the IP address to Mauritius and Nigeria. In cases like these, it becomes difficult to trace the accused as it is a lengthy process and there are two countries involved.”
Cyber crime expert Vicky Shah said there are many companies which use private email accounts for monetary transactions instead of official accounts for which one has to buy a domain name. “These people are highly vulnerable to online fraud,” he said.
These private accounts can easily be accessed by phishing or hacking into the secret question-answer routine for Internet banking. The hacker then makes “filter settings” such as sending mails from the main account to his account or from all accounts of the owner to the hacker’s account or create a mirror (copy) email. This allows him to gain access to all information sent to the owner’s account, said Shah, who has written a manual for not falling prey to online fraud, Are you Safe.
This is not an isolated case, said Shah, who has received several requests to investigate similar cases. Email manipulation can also be done by rival companies to gain access to sensitive information, business plans and employee information, said the cyber crime officer.
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Subject: Lawyersclubindia Update : 02/02/2013