Sunday, November 15, 2020

 Inspiring: Why Ajay Bhatt Invented USB But Never Made Any Money Out Of It

You’re working and suddenly you realize you have somewhere to go to. You save your work, but you want to resume later. You save it in a USB and just take it with you wherever you’re going.  None of this seems odd, does it? That’s because we are so used to the wonderful technology around us. But, your work wasn’t always this portable.

Let’s look at the journey of the man behind this innovation.

Ajay Bhatt, a graduate from Maharaj Sayajirao University in Baroda, is now a well-known name in the Silicon Valley. In 2010, he made it to GQ India’s list of ‘The 50 Most Influential Global Indians.’ Bhatt, who is Intel’s Chief Architect and Fellow for the Client Computing Group, already has 31 patents under his name. However, the USB isn’t one of them. He never made any money out of it.

Despite being the co-inventor of USB, he became a recognizable face among the masses only after a TV ad, in 2009, where he was portrayed as a rock star. After that, he says people would really treat him like a celebrity. Ajay intended the idea to bring about a change, and not make tonne of money. Intel, who owns the patent, also decided to make it open and royalty-free, right from the start. That is why today, it is affordable for us.

Just like a lot of great innovations, the idea for this device came from a problem he faced every day. He found the process of connecting cables, rebooting the system and handling the device software exhausting. Every time a document needed to be printed, this long process took up a lot of time.

With a goal to solve this problem, Bhatt started working with his team on it in 1992. By 1996, their first set of products was ready. However, the process was far from over.

Despite the device helping create a single connection across computers, the idea was hard to sell. Even the management at Intel did not initially like his idea. He re-worked his idea a few times before the company approved it.

After that, along with his team, he lobbied to various computer firms to review and enhance the work experience. He says that the company tried to work with each computer firm to understand how it could be adapted to make their functioning better.

This helped evolve the idea as each company tried to contribute to the idea by looking at their vantage point.

Apple first shipped a USB compatible product for the users of the iMac G3 in 1998 and soon after Microsoft too added it for the second edition of Windows 98. Once the big names started endorsing the idea, it was only a matter of time before the product found its way into almost each and every home across the world.

He says the product’s success is only because of the constant innovation and the encouragement of those who believed in the technology. He says that seeing its utility today, he feels happy that everybody could benefit out of it.

He feels the contentment that he gets out of seeing his idea and vision helping out millions across the world today is great. He is glad that money making was never a part of it.

To others who wish to follow his path, he advises them to be fearless and to persist in their journey. He believes that it is possible to turn the impossible into reality, if only you use your imagination to its fullest.

If you have that, the only thing that you need for success, is the right timing, he says. To anyone who is struggling with their idea, he says that one should always think that the best is yet to come.

 

In today’s world, besides China, Japan, and America, it is India that has emerged as a country experiencing fast technological development. The credit for this pace should go to all Indians who have excelled in the field of information and technology not only in the country but also overseas. We are are familiar with the roles played by Satya Nadella in Microsoft and Sundar Pichai in Google but apart from them there are many others who have earned worldwide recognition through their talent.

Shantanu Narayen is one such Indian who is presently an employee of an international company that does a turnover of more than Rs 85,000 crore. Surprisingly, we use this company’s products throughout the country but have never heard his name.

Shantanu is the CEO of Adobe Systems, the world’s leading company in the field of software. Currently, he is counted among the world’s most successful business officers. Born and raised in Hyderabad, Shantanu received his bachelor’s degree in electronics engineering from Osmania University in Hyderabad. After that, he successfully completed an MBA from the Haas School of Business in University, California and earned a Master of Science in Computer Science from Bowling Green State University in Bowling Green, Ohio.

Shantanu started his career with Apple, as is the case with most of the celebrities in the world of software and internet sector. While working with Apple for some years, he learned the tricks of business and management and co-founded a company named Pictra. Pictra pioneered the concept of digital photo sharing over the Internet.After successfully running this company for several years he had gained a strong reputation in the software industry.

Pictra’s attempt to excel through the concept of photo sharing over the internet gave Shantanu an opportunity to connect with Adobe Systems in 1998.

He joined as the senior vice president for Global Product Research and was later promoted to executive vice president of Worldwide Products. In 2007, at the age of 44, he took a big jump in his career when he was appointed as the CEO of Adobe Systems. He became the CEO of the company 10 years after joining it because of his tremendous performance.

After becoming CEO, Shantanu responded in an interview given to the BBC, “I am proud to be the leader of Adobe Systems. I will continue to work to enrich the tradition of Adobe, to be the leader in technological advancement.”

Under his leadership, Adobe went on to reach a new height of success and spread all across the globe. You will be surprised to know that Shantanu was successful to seal 350 deals for the company. In fact, big media companies like Viacom, CBS and PBS today play videos with Adobe Flash Player and none other than Shantanu is responsible for this achievement.

 

As a CEO, Shantanu used to receive a salary package of about Rs 5.5 crore per annum. In 2013, he was paid a gross wager of $15.7 million, which got him in the list of highest-paid officials of the world. He was also included in the US President Barack Obama’s suggestion committee in 2011.

Shantanu made an identity for himself on the global front with his own potential. Today, he is not only an influential person of this planet, but also an inspiration to millions of Indians to so something positive in life.

Saturday, November 7, 2020

 I am happy to resume my blogging with new enthusiasm !

THERE IS A CHANGE IN U S  GOVERNMENT ! SHOULD WAIT FOR A CLEAR PICTURE ON THE ECONOMIC SITUATION IN THE GLOBE !

Sunday, October 20, 2013

Home loan firms may see new lending rate norms !

NHB to start the exercise for a smooth transition.
After banks, it’s the turn of housing finance companies to have a more transparent regime for pricing of loans. The National Housing Bank (NHB), the regulator for these companies, is working on a system that is similar to the base rate regime introduced for banks recently.
"We will keep a close watch on how the base rate system works out for banks over the next two quarters. By March, we will have enough reference points to take a view, based on which, we should be in a position to start moving towards a similar regime," NHB Executive Director R V Verma said.
The base rate, substitute for the earlier benchmark prime lending rate (BPLR) for banks, was introduced from July 1. The country’s largest lender, State Bank of India, fixed its base rate at 7.5 per cent. The rate for most banks is in the range of 7.25 to 8 per cent.
Housing Development Finance Corporation and LIC Housing Finance are two major players in the home loan market. Since they come in the non-banking financial institution category, they were excluded from the base rate system.
Analysts said introduction of a base rate was likely to put pressure on housing finance companies because of the transparency it would bring. There are expectations that market forces (read home loan borrowers) might put pressure on them to make rates more transparent.
"Housing finance firms would be under a lot of pressure to come up with a more transparent mechanism. The floating rate of interest will have to be based on certain parameters that will move in both directions. It cannot remain sticky for too long any more," said a banker.
The main problem for these companies in moving to such a system is their cost of funds. While banks depend on a more stable system, of deposits from their consumers, home loan companies have to borrow from banks and other sources.
"Home loan companies are more heterogeneous than banks. Their cost of funds, therefore, is quite different," added Verma!
                                                                                                     Source:- Business Standard

Wednesday, October 16, 2013

Senate Approves Deal to End Government Shutdown !

The Senate voted 81-18 to reopen the federal government and lift the debt limit Wednesday evening, after an eleventh-hour agreement reached earlier in the day by Majority Leader Harry Reid and Minority Leader Mitch McConnell.
The overwhelming bipartisan vote sets the stage for the end to the 15-day government shutdown hours before the federal government’s borrowing authority is set to expire. The House will vote on the measure later in the evening, where it is expected to pass with the help of Democrats.  Speaker of the House John Boehner conceded earlier Wednesday that his conference’s strategy to demand concessions in exchange for reopening the government had failed. “Blocking the bipartisan agreement reached today by the members of the Senate will not be a tactic for us,” he said in a statement.
In a statement in the White House Briefing Room after the Senate vote but before the House took up the measure, President Barack Obama said, “once this agreement arrives on my desk, I will sign it immediately.” Obama said he hoped that lawmakers in both parties would learn from the shutdown and swear off governing by crisis.
“I’m eager to work with anybody, Democrat or Republican,” Obama added, saying he have more to say about future budget negotiations after the agreement on Thursday. “I’ve never believed Democrats have a monopoly on good ideas.”
Asked whether he was concerned about this process repeating itself in just a few months, Obama replied simply, “no.”
The only votes against the measure in the Senate came from conservative Republicans, including Senators Ted Cruz, Rand Paul, and Marco Rubio, in addition to several members wary of primary challengers.
Before voting, the Senate approved the appointment of budget negotiators by unanimous consent after Senate Republicans dropped their longstanding opposition to beginning the process as part of the agreement announced Wednesday afternoon. The House will also appoint members to the conference committee, with a deadline for their report set for Dec. 13.
The agreement funds the federal government in place of an annual budget through Jan. 15, 2014 and lifts the debt limit through Feb. 7, 2014.


                                                                                                                 As reported in TIME !

Twitter's huge payday for early investors !

FORTUNE -- Twitter yesterday updated its IPO registration, disclosing four top-line items:
  1. 1. Its shares will list on the NYSE
  2. 2. User growth decelerated a bit
  3. 3. Revenue growth was flat
  4. 4. Its percentage of ad revenue coming from mobile climbed from 65% to 70%
Much further down in the doc, however, was a revised cap table that showed how Twitter's earliest investors will fare. In short, ridiculously well.
Here's the breakdown:
  • Union Square Ventures (led Series A in 2007): 27.84m shares, 5.9%
  • Spark Capital (led Series B in 2008): 32.4m shares, 6.8%
  • Benchmark (led Series C in 2009): 31.57m shares, 6.6%
At last check, Twitter shares were being marketed at $31 per share on the private markets (working out to a $15.5 billion valuation). Let's use that as a baseline, even though we've already seen one bank analyst issue a $50 per share target. Here's what each firm's stake would be worth, compared to the size of the fund out of which it invested in Twitter:
  • Union Square Ventures (led Series A in 2007): $863m in Twitter stock vs. $125m fund size
  • Spark Capital (led Series B in 2008): $1 billion vs. $360 million
  • Benchmark (led Series C in 2009): $979 million vs. $500 million
In other words, two of the three firms will more than double their entire fund based on just one investment. Benchmark will get there if Twitter stock goes just $1 higher ($32 per share).
And this doesn't even account for the fact that both Spark and USV each did two secondary share sales. Twitter doesn't break these out in its IPO documents (which is unusual) but, for example, it's known that Spark owned 15% after its 2008 deal and invested inseveral subsequent rounds (again, its current stake is just 6.8%). Chances are that each firm may have already returned the fund on those sales, meaning that what comes in the IPO is just gravy...
                                                                                          As appeared in CNN Fortune!

Sunday, October 13, 2013

Opportunities in energy & real estate sectors for investors !

Total market capitalisation of the sector has increased 21 times in the last 18 years.
With the deregulation of diesel prices, and with reforms in real estate sector on the anvil, Motilal Oswal Securities analyses oil & gas and real estate sectors to highlight opportunities for investors — potential and stalwarts.
ENERGY
Total market capitalisation of the sector has increased 21 times in the last 18 years, with the private sector accounting for a major part of the increase. However, while the overall industry has benefited in the last two decades, OMC’s financial health suffered. Indian Oil & Gas sectors have reshaped over the last 20 years primarily led by the government policy changes. In event of likely deregulation over coming years, ONGC/OINL in upstream have significant earnings growth opportunity, while BPCL in OMC’s has relatively strong balance sheet and E&P potential.
Valuation
* Remain invested on Gail India due to headwinds for gas availability. However, Petronet LNG (PNG) is available at attractive valuation given its medium term earnings potential.
* In the private space, policy reforms on upstream will benefit Cairn India and RIL equally in expediting the monetisation of E&P acreage. Buy Cairn India shares for its attractive valuation and remain invested on RIL as the next earnings growth is still some time away when its new core-business/E&P projects commission from FY16/FY17.
CONCERNS
* The taxes from the oil and gas sector to the Centre (net of subsidies) are now at the decade low level at Rs 174 billion against a peak of Rs 1 trillion in FY’08.
* Also, as a percentage of GDP, the ratio has declined from 2.4 per cent in FY’04 to 0.2 per cent in FY’13.
* We believe this could be should be an inflection point for the government to opt for the bold reforms and also push state governments to reduce their taxes.
REAL ESTATE VALUATIONS
* BSE Realty index underperformed the broader index by 22 per cent in 2QFY’14. Near-to-medium term risk continues to remain beyond comfort zone due to weakening demand, high inventory, stressed balance sheets and risk of defaults.

* Despite strategic discipline adopted by most developers, improvement in!

                                                                                   Courtesy :- The Financial Express