Rather unique set of events have happened with Satyam, which is India’s 4th largest IT services company, having $2.1 billion annual revenue in FY 2007-2008.
There is much to learn for any business, whether it is privately held or a public-listed.
Read the specific analysis here: Lessons From Satyam Investor IssuesÂ
Posted in Business Strategy, Capital Markets, Finance, Geo-APAC, IT Services
Even if you don’t have a website you can tap into the huge advertising potential of the Internet. You can use Google and Yahoo Local business listings, to attract potential clients to your business. The following video explains how to get started with Google Local business listings and put your business on page one.
We have helped a few local businesses to use Google in this way, and its a very simple process. So if you have a physical business, you must take this step asap.
Posted in Advertising, FAQ, Internet, MyOrbit Videos, Online Marketing
Hello Everyone, we wish you a Merry Christmas! We are now in the last week of the year (it still feels like Feb/March!). So yes, the year has gone by (with some hard hitting events). This is the time to just sit back, relax and plan for the coming year. We wish all our friends, teams, clients/partners, and visitors, and we promise a few exciting things in the new year. By the way, here’s a photo of the Xmas tree at our place. Once again, best wishes to you!
Posted in Interests, Lifestyle, MyOrbit Blogs
The unbeatable hero of Wall Street, Goldman Sachs, has reported its first ever quarterly loss since it went public 9 years ago. And yes, the market conditions are quite bad.
Goldman Sachs has posted a quarterly loss of $2.1 billion, or $4.97 per share, on net negative revenue $1.58 billion, down from a profit of $7.01 per share in the same quarter last year. Results for the entire year weren’t actually all that bad; the i-bank posted a profit of $2.3 billion, or $4.47 per share, on revenue of $22.2 billion.
Though some may say its down from an $11.6 billion profit last year, but if you see it with a “grounded perspective”, most of Goldman Sach’s competition is in tatters, or buried already.
To us, a surviving and standing Goldman Sachs represents strength. And they have managed to be significantly less exposed to much of the sub-prime crisis and its toxic derivatives.
More than that, Goldman Sachs has the belief to battle it out. If anyone on Wall Street can do it, it has to be Goldman Sachs. And at their current valuation, they are still a ‘buy’!
