Vakrangee’s Games (Investigation - 26 Mar 09 )

Domestic software development is turning out to be a lucrative area, especially the computerisation of government processes and records, even though the margins are much lower than those in offshore software development. These projects are attracting large software companies, such as Tata Consultancy Services (TCS), HCL and Wipro, among others. But it is a rather murky business, especially...

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  • Credibility of Regulators

    Regulators are either silent or are being insidiously challenged while the government watches benignly

    Since 2006, I have received several letters, complaints and inquiries about GoldQuest (also known as QuestNet), a chain-marketing scheme (they call it network marketing) that sells limited edition gold coins, figurines or watches for Rs30,000–Rs35,000. The big draw, however, is the trailing...

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  • Buffett’s Pretences

     

     

    There is a halo around Warren Buffett. But astute observers have noted that he is often hypocritical and self-serving. He is known for many smart quips. For example, he has said that "the time to sell is almost never." He is also quoted as saying that it does not matter to him if the stock market remains shut for the next five years. The pretentiousness of these statements is...

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