There are only 29 pieces of this Taj Mahal-embossed gold coin available for sale.
Want one? Well, you’ll have to fork out $1,40,000 or approximately Rs. 63 lakh for one of these limited edition solid gold coins.
Why? Firstly, because the coin weighs in at over 2lb, that’s about a kilo. And prices of gold have shot through the stratosphere; just 10gm costs Rs. 20,000 right now.
Secondly, the Taj Mahal gold coin is studded with 68 hand-set Cartier diamonds. That’s a lot of bling for packed into just one kilo.
The gold coin has been produced in France for the Franklin Mint – a private American mint that manufactures limited editions collectibles including a 550gm gold-plated miniature Mercedes, where the gold costs more than $25,000 and scarily real-looking Michelle Obama dolls (unfortunately, not gold-plated!).
The Taj Mahal coin comes in a $7,000 leather case designed by French luggage designer Goyard.
The gold coin is on sale in the US.
In collaboration with the Consumer Product Safety Commission (CPSC), and as a precautionary measure, McDonald’s USA today issued a voluntary product recall of the four Shrek Forever After™ promotional glassware currently being offered in U.S. restaurants.
To be clear, the glassware was evaluated by an independent third-party laboratory, accredited by the CPSC, and determined to be in compliance with all applicable federal and state requirements at the time of manufacture and distribution. However, in light of the CPSC’s evolving assessment of standards for consumer products, McDonald’s determined in an abundance of caution that a voluntary recall of the Shrek Forever After glassware is appropriate.
McDonald’s safety standards are among the highest in the industry.
Additionally, instructions to return the glassware and request a refund will be available by visiting the website again beginning Tuesday, June 8.
Official announcement – McDonalds Website
This is because the painted designs on the cups contained traces of toxic metal named Cadmium. The US Consumer Product Safety Commission (CPSC) issued a warning to consumers against using the glasses immediately. Cadmium can damage the liver, kidneys, lungs, the nervous system and the brain.
Beware before you take that large gulf from that large cola glass.
And don’t you forget that calories and fat the meal adds to your body.
Who sells the largest number of cameras in India ?
Your guess is likely to be Sony, Canon or Nikon. Answer is none of the above. The winner is Nokia whose main line of business in India is not cameras but cell phones.
Reason being cameras bundled with cellphones are outselling stand alone cameras. Now, what prevents the cellphone from replacing the camera outright? Nothing at all. One can only hope the Sonys and Canons are taking note.
Try this. Who is the biggest in music business in India ? You think it is HMV Sa-Re-Ga-Ma? Sorry. The answer is Airtel. By selling caller tunes (that play for 30 seconds) Airtel makes more than what music companies make by selling music albums (that run for hours).
Incidentally Airtel is not in music business. It is the mobile service provider with the largest subscriber base in India . That sort of competitor is difficult to detect, even more difficult to beat (by the time you have identified him he has already gone past you). But if you imagine that Nokia and Bharti (Airtel’s parent) are breathing easy you can’t be farther from truth.
Nokia confessed that they all but missed the smartphone bus. They admit that Apple’s Iphone and Google’s Android can make life difficult in future. But you never thought Google was a mobile company, did you? If these illustrations mean anything, there is a bigger game unfolding. It is not so much about mobile or music or camera or emails?
The “Mahabharat” (the great Indian epic battle) is about “what is tomorrow’s personal digital device”? Will it be a souped up mobile or a palmtop with a telephone? All these are little wars that add up to that big battle. Hiding behind all these wars is a gem of a question – “who is my competitor?”
Once in a while, to intrigue my students I toss a question at them. It says “What Apple did to Sony, Sony did to Kodak, explain?” The smart ones get the answer almost immediately. Sony defined its market as audio (music from the walkman). They never expected an IT company like Apple to encroach into their audio domain. Come to think of it, is it really surprising? Apple as a computer maker has both audio and video capabilities. So what made Sony think he won’t compete on pure audio? “Elementary Watson”. So also Kodak defined its business as film cameras, Sony defines its businesses as “digital.”
In digital camera the two markets perfectly meshed. Kodak was torn between going digital and sacrificing money on camera film or staying with films and getting left behind in digital technology. Left undecided it lost in both. It had to. It did not ask the question “who is my competitor for tomorrow?” The same was true for IBM whose mainframe revenue prevented it from seeing the PC. The same was true of Bill Gates who declared “internet is a fad!” and then turned around to bundle the browser with windows to bury Netscape. The point is not who is today’s competitor. Today’s competitor is obvious. Tomorrow’s is not.
In 2008, who was the toughest competitor to British Airways in India ? Singapore airlines? Better still, Indian airlines? Maybe, but there are better answers. There are competitors that can hurt all these airlines and others not mentioned. The answer is videoconferencing and telepresence services of HP and Cisco. Travel dropped due to recession. Senior IT executives in India and abroad were compelled by their head quarters to use videoconferencing to shrink travel budget. So much so, that the mad scramble for American visas from Indian techies was nowhere in sight in 2008. ( India has a quota of something like 65,000 visas to the U.S. They were going a-begging. Blame it on recession!). So far so good. But to think that the airlines will be back in business post recession is something I would not bet on. In short term yes. In long term a resounding no. Remember, if there is one place where Newton ’s law of gravity is applicable besides physics it is in electronic hardware. Between 1977 and 1991 the prices of the now dead VCR (parent of Blue-Ray disc player) crashed to one-third of its original level in India . PC’s price dropped from hundreds of thousands of rupees to tens of thousands. If this trend repeats then telepresence prices will also crash. Imagine the fate of airlines then. As it is not many are making money. Then it will surely be RIP!
India has two passions. Films and cricket. The two markets were distinctly different. So were the icons. The cricket gods were Sachin and Sehwag. The filmi gods were the Khans (Aamir Khan, Shah Rukh Khan and the other Khans who followed suit). That was, when cricket was fundamentally test cricket or at best 50 over cricket. Then came IPL and the two markets collapsed into one. IPL brought cricket down to 20 overs. Suddenly an IPL match was reduced to the length of a 3 hour movie. Cricket became film’s competitor. On the eve of IPL matches movie halls ran empty. Desperate multiplex owners requisitioned the rights for screening IPL matches at movie halls to hang on to the audience. If IPL were to become the mainstay of cricket, as it is likely to be, films have to sequence their releases so as not clash with IPL matches. As far as the audience is concerned both are what in India are called 3 hour “tamasha” (entertainment) . Cricket season might push films out of the market.
Look at the products that vanished from India in the last 20 years. When did you last see a black and white movie? When did you last use a fountain pen? When did you last type on a typewriter? The answer for all the above is “I don’t remember!” For some time there was a mild substitute for the typewriter called electronic typewriter that had limited memory. Then came the computer and mowed them all. Today most technologically challenged guys like me use the computer as an upgraded typewriter. Typewriters per se are nowhere to be seen.
One last illustration. 20 years back what were Indians using to wake them up in the morning? The answer is “alarm clock.” The alarm clock was a monster made of mechanical springs. It had to be physically keyed every day to keep it running. It made so much noise by way of alarm, that it woke you up and the rest of the colony. Then came quartz clocks which were sleeker. They were much more gentle though still quaintly called “alarms.” What do we use today for waking up in the morning? Cellphone! An entire industry of clocks disappeared without warning thanks to cell phones. Big watch companies like Titan were the losers. You never know in which bush your competitor is hiding!
On a lighter vein, who are the competitors for authors? Joke spewing machines? (Steve Wozniak, the co-founder of Apple, himself a Pole, tagged a Polish joke telling machine to a telephone much to the mirth of Silicon Valley ). Or will the competition be story telling robots? Future is scary! The boss of an IT company once said something interesting about the animal called competition. He said “Have breakfast …or… be breakfast”! That sums it up rather neatly.
— Dr. Y. L. R. Moorthi
Since the inception of IPL, it has acted as a magnet for people with big money (with or without any due credentials) and looking for a quick road to fame. Over the last 3 years, everybody joined the bandwagon of the IPL circus.
All those who did, made good money, exploiting the passion of the cricket hungry India and business of all sorts related to IPL cropped up over these years. And all of them shared the booty.
Now with the Lalit Modi and Shashi Tharoor spat gone sour on the Kochi team owners, that the IPL circus elephant has turned into a hydraheaded monster, all those even vaguely or remotely profited from the IPL name, no wonder, want to ditch it like a leech.
Day by day, the IPLGate is getting wider and wider and opening up new players with hidden agendas.The IT dept has gone full force into the scandal and much heavy steam is expected in the coming days. Many top notch people will find their faces scalded by this. Everybody who got money in the name of IPL is currently under the IT scanner; right from players, organizers, sponsors, team owners, fund managers, telecast & media rights owners, associated IPL brand companies.
Match-fixing and betting is another angle that is being investigated, with tons of money going into it. Being illegal, nobody wants to officially comment on it.
Even the BCCI officials and ministers are believed to be hand-in-gloves with those high profile IPL managers. Some heads have already rolled out and many more are likely.
Much heat is being generated from the politicians and are blaming the government, probably because they did not get the share of the booty. All those tainted parliamentarians, who made a killing with the earlier scandals are now raising their voices to blame those connected to IPL.
Well, in the whole deal, the game of cricket has been sullied. The perception in the minds of the people has changed, though a bit temporarily. Given the time, the fans will forget all this and clamor to cling to the stadiums and the TV screens to enjoy a good game of cricket.
The end result in this game is still awaited and will surely be a long bloody final.