Sunday, October 9, 2011

I Don’t Know, Son!-20

No Idea!
Son: Tata Group and Aditya Birla Group have reached an out-of-court settlement to resolve a 5-year old dispute over mobile operator Idea Cellular, dad.
Father: Go on son.
Son: Tata has withdrawn its plea for arbitration. However, details of settlement are not available, dad.
Father: Go on, son.
Son: When asked by a journalist, a spokesperson of Idea Cellular said he had “no idea, dad!
Father: I don’t know, son!
Kingfisher Pleases the “King”!
Son: The troubled Kingfisher Airlines has heavily defaulted in its payments to Airports Authority of India and oil companies including Indian Oil and HPCL. The debt burden of the company has shot up to over Rs6,100 crore, dad.
Father: You are right. Go on, son.
Son: The company had earlier defaulted in its payments to banks and the consortium of banks had to take a major hit on their balance sheets through conversion of a portion of the loans into equity at a price much higher than the market price, dad.
Father: True. Go on, son.
Son: The market price of the shares has since come down steeply resulting in further losses to the banks. However, the airlines has been prompt in making one particular payment despite incurring huge losses, dad!
Father: Go on, son.
Son: The airline has paid Rs50.87 crore to its Chairman and promoter Vijay Mallya for a personal guarantee executed by him to cover over Rs6,100 crore borrowed by the company, dad!
Father: Go on, son.
Son: While the shareholders and the creditors are watching the dismal financial performance of the company with distress, at least one person appears to be laughing all the way to the bank, dad!
Father: I don’t know, son!
The Absconding Inspector!
Son: We have heard of criminals and dacoits running away from the Police Stations while in custody, dad.
Father: Go on, son.
Son: But the Amruthahalli (Bangalore) Police Inspector Rathnakar Shetty has created a dubious record of his own, dad.
Father: Go on, son.
Son: He has fled from the Police Station along with a constable called Sohail, dad!
Father: How come? Go on, son.
Son: Rathnakar Shetty had demanded a bribe of Rs5 lakh from Noor Ahmed, a merchant from Shivajinagar, dad.
Father: Go on, son.
Son: Ahmed complained to Lokayukta who planned a raid to trap the men in uniform, dad.
Father: Go on, son.
Son: However, on a tip-off, the duo fled from the station before the Lokayukta sleuths arrived at the station, dad!
Father: Go on, son.
Son: The Amruthahalli police are now on an unenviable mission of locating the whereabouts of their own boss to hand him over to the Lokayukta police, dad!
Father: I don’t know, son!
Shahrukh Khan (SRK) Wants to be Humble (‘sometime’)!
Son: Shahrukh Khan (SRK) is flying to Chennai to be with his IPL team and also to meet Superstar Rajnikanth, dad.
Father: Go on, son.
Son:  SRK says he wants to be as humble as Rajni ‘someday’, dad.
Father: Go on, son.
Son: SRK has been known as a big mouth and always goes through the roof whenever he starts praising somebody, dad. He also expects them to be as ‘liberal’ as him while reciprocating, dad!
Father: Go on, Son.
Son: When asked why he wants to be humble only ‘someday’ instead of right now, SRK said that right now he is at the peak of his (business) career and being humble may not suit him at this stage, dad!
Father: I don’t know, son!
A V Krishnamurthy
9th October 2011


1 comment:

Kiran A K said...

Terrific stuff as always...