Q:1-To whom you feel is the most inspiring character in the movie among all the leaders?

Entrepreneurs are keen observers. They believe in learning from different sources – it does not matter whether the source of inspiration is a Dabbawala from Mumbai or some character from a movie. When it comes to student entrepreneurs, there is one character who can prove to be a role model – Harpreet Singh Bedi alias Rocket Singh (Ranbir Kapoor). The journey of Harpreet Singh from being an average B.Com student to the Founder of Rocket Sales Corporation, teaches us many lessons. Here are 5 entrepreneurial lessons that students can learn from Rocket Singh:

(1)   Honesty

–         When Harpreet went to take his first order, he was asked for a bribe. He wrote a complaint and got insulted by his Boss for not “understanding” the work. But, Harpreet remained honest. It was the quality of honesty which helped him in winning his first client when he started Rocket Sales Corporation.

(2)   Dedication

–         Harpreet used to sit in the office,and work till late hours just to meet the expectations of his clients. He did not leave any stone unturned when the matter dealt with the growth of Rocket Sales Corporation.

(3) Incentivise 

–         In one of the scenes, Harpreet offers partnership in Rocket Sales to the peon (Chotelal) who is treated badly at AYS. Harpreet gave him respect and that motivated Chotelal to deliver his best. Giving the right incentive to the right people is required to build a great team. Of course, in a startup paying a high salary may not be possible. So that’s when other incentives need to be thought of.

(4)  Self-Start

–         Even in the most desperate of situations, Harpreet never lost his optimism. He focused on solutions rather than mulling over the problems.He always made his way from clutter to clarity, motivated his partners and made them deliver their best.

(5)  Prioritizing Customers

–         Even though AYS succeeded in confiscating Rocket Sales Corporation from Harpreet, they failed to satisfy the customers in the same circuit. As customers never topped their priority list, AYS could not fit into the mould of Rocket Sales Corporation. In the end, Harpreet got his Corporation back because he had succeeded in building relations with the customers.

The main aim of an entrepreneur is to attain fame and financial liberty; however, there lies a thin line of demarcation between ‘making’ money and ‘earning’ money. Through Harpreet Singh’s example, student entrepreneurs can learn that money can

seriously be ‘earned’ if one believes in delivering the best to the customers while remaining honest to oneself/others and humble to their team. With an idea which is like a ‘Rocket in Pocket’, if students work a little on building their comprehensive skills, then their start-up shall certainly launch to attain glorious heights.

Q:2-SWOT analysis of AYS and Rocket Sales?

AYS Rocket Sales

Strength capital Brandname talented employees

Strength Team-work sales service customer relationship and

support respect and made partners apponted higher

experiences person better quality at lower cost

Weakness poor sale service customer relationship teamwork

Weakness capital time and space shifting

Opportunity Expansion printer and scanner

Opportunity expansion, mergers and equision

Threats competition technology

Threats competition from AYS and

others technology computers are outdated.

Q:3-If you would be on place of Mr. puri, what winning strategies you would have applied to your existing business to compete with Rocket Sales Corporation?

Answer:31. Focus on 3’s-sales,service and support2. Maintain customer relationship3. Proper customer feedback4. Appoint more talanted employees5. Propoer management6. Deal with employees properly7. Set proper target for each employee8. SMART goals

S-specific M-measurable A-achievable R-realistic T-tangible

9. Do not be like boss,be like a leader10. Appreciate each employee-and work like partners11. Focus on customer needs and not on needs of company12. Appreciation of employees-thinkabout their family,give

bonus,employ higher experienced people.13.

#1 – SATYAM (2009) Protagonist – B Ramalinga Raju & others Amount – Rs. 7,200 Cr  What was it about? –An accounting scandal where Ramalinga Raju confessed to having cooked up the accounts of Satyam Computers and inflated its bank balances. He has, along with his family members, also been accused of laundering money through a mesh of hundreds of companies.  With all the 10 people involved in the multi-crore accounting fraud in the erstwhile Satyam Computer Services Ltd (SCSL) found guilty by a special Central Bureau of Investigation court in Hyderabad, the six-year-old case has reached its logical conclusion.

B Ramalinga Raju, one of the pioneers in the industry and Satyam's founder and then chairman, allegedly confessed to manipulating his company's account books and inflating profits over many years to the tune of crores of rupees. The confession sent shockwaves across the industry.

He was arrested by Andhra Pradesh Police's Crime Investigation Department along with his brother Rama Raju and others on January 11. All the 10 accused in the case are currently out on bail. Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago.

Satyam scam untangled:- 2003-2008: False clients, projects and invoices created to boost companies profile- 2009: Satyam reports Rs 5200 cr sales vs real sales of Rs 4100 cr- 2009: Satyam reports 24% profits vs real profits of 3%- Damages calculated at Rs 7900 cr

Satyam scam probe:

- Concurrent probe by CBI, ED, SEBI- 53,000 employees, millions of investors impacted- Accused charged with cheating, forgery, faking accounts and IT violations- Raju's Defence: Letter allegedly sent by him to board was a hoax- 3000 documents, 223 witnesses examined- Verdict postponed twice

Serious Fraud Office to summon Vijay Mallya over alleged fund diversion at Kingfisher: Report

The government's fraud investigating agency, the Serious Fraud Investigation Office (SFIO), has reportedly initiated a probe into alleged financial irregularities worth over Rs 8,000 crore at Kingfisher Airlines.

The agency has already sent notices to United Breweries, Kingfisher Airlines and United Spirits, said a CNBC-TV18 report, citing unnamed sources.

SFIO is expected to summon Vijay Mallya and executives of United Breweries and United Spirits, the report said.

The report said that the agency is carrying out an investigation into alleged mismanagement of funds from 2005 to 2014, which could have resulted in the grounding of the carrier.

The agency is currently examining the flow of funds between Kingfisher Airlines and group companies United Spirits and United Breweries, to identify the fraud.

The airline, grounded since October 2012, lost its flying licence on 31 December 2012 when aviation regulator Directorate General of Civil Aviation refused to renew the licence over the company's inability to provide a satisfactory plan to continue operations.

In May, a DNA report claimed that United Spirits (USL) chairman Mallya misused company funds worth ₹170 crore to buy shares of his IPL team Royal Challengers Bangalore (RCB) at ₹3,62,240 per share.

Besides, audit firm Price WaterHouse Coopers had revealed that USL funds were parked with other Mallya-owned companies from 2010 to 2014 without the consent of the company's shareholders.

Vijay Mallya faces CBI heat over loan fraud

The CBI has registered cases of criminal conspiracy and criminal misconduct by the persons involved

The Central Bureau of Investigation (CBI) is conducting raids on liquor baron Vijay Mallya and his defunct Kingfisher Airlines in connection with alleged loan default of Rs 900 crore.

The agency is investigating a loan default worth Rs 900 crore sanctioned by IDBI Bank to Mallya’s company despite the airline's negative credit ratings and net worth.

The raids are being conducted in five locations – three in Mumbai, one in Bangalore and one in Goa – in the office and residential complex of Mallya, CBI sources said.

"A case has been registered against Vijay Mallya, director of Kingfisher Airlines, A Raghunathan chief financial officer of said firm and other unknown officials of IDBI Bank for allegedly violating

banking norms in sanction and disbursement of credit limits of Rs 900 approximately," said a CBI spokesperson.

The CBI had registered a preliminary inquiry against IDBI Bank and Kingfisher Airlines in August. “It was the first exposure to the bank. There was no need for the bank to take the exposure outside the consortium when already other banks loans were getting stressed,” the CBI had alleged while initiating the probe last year.

During the preliminary inquiry, the agency examined officials of IDBI Bank seeking answers on sanctioning the loan to the airline, ignoring its own internal report which had warned against such a move.

The debt-ridden Kingfisher Airlines, which had stopped operations in October 2012, owed Rs 7,500 crore to a consortium of banks led by State Bank of India.

The CBI has been looking into rising non-performing assets (NPAs) of public sector banks and has registered dozens of cases against defaulting companies in the past.

Biggest healthcare frauds in 2015: Running list

Healthcare fraud continues to roil the industry, as a steady stream of doctors, practice owners, suppliers and even executives are charged weekly with ripping off patients and payers alike.

In 2014, the federal government recovered nearly $5.7 billion in healthcare fraud cases, up $1.9 billion from the prior fiscal year. Of that amount, $2.3 billion was tied to healthcare fraud against the federal government, according to a recent review by the Nashville, Tennessee firm of Bass, Berry & Sims PLC.

Already, 2015 has seen a host of major fraud news involving dozens of individuals and amounting to millions in abuse, often related to Medicare fraud.

We’ll keep tabs on the biggest cases, those with greater resonance for healthcare providers, in this running list. Check back often as new cases are added.

Citibank Fraud:

Citibank fraud was a major blow to Indian financial service industry. The real sulprit behind this scene is Mr. Shivraj Puri, who was working as the relationships manger with Gurgaon branch of Citibank. He lured investors into a fake scheme with the help of forged circulars from Securities and Exchange Board of India (SEBI) with a hope to cash on very high interest rates. He came into light when the bank started receiving complaints from various clients about a scheme which was non-existent for the bank.