Happened to watch this news on TimesNow and it is really a shocking news.Sanjay Kedia,an ex IIT alumini and a post graduate from University of Carolina was arrested in a drug dealing case.He is the head of Kolkota based BPO firm Xponse.

Some facts about the incident and the charges against Sanjay Kedia:

Officers from the Narcotics Control Bureau raided Kediaโ€™s office on the seventh and eighth floors of Kariwala Towers on February 1 and took away several documents and software.
After scanning the seized items, the sleuths arrested him late on Sunday night from his home in Salt Lakeโ€™s EE block. The raid yielded Rs 24 lakh in cash and $300.
Kedia was produced in a city court today and was remanded in judicial custody for a fortnight.
โ€œOfficials of the Drug Enforcement Administration (US) tipped us off,โ€ an officer said. NCB officials refused to make any comment on record.

Kedia has been charged under sections 24, 29 and 30 of the Narcotics Drugs and Psychotropic Substances (NDPS) Act.

Read the complete article here

Vani Kola , the successful Entrepreneur from the Silicon Valley speaks about the 4 important steps in building great companies.Just listed the important learnings from those steps.

Market Opportunity:
It is very important to understand the importance of being different from your competitors.Also,the product which is under development should have a sustainable market and hence,the market growth should be planned out well in advance.Well,market growth is difficult to estimate but there should be a figure in mind else you are heading to a market which may not exist after few years!!!

Team:
This is one of the most important aspects in business.A single person,technically very sound cannot build a great company and he needs good people with him.Hence,the management should be of the right composition and yes not to forget,“Lack of passion leads to disaster”.

Product or Idea:
The emphasis is basically on a product which can sustain competition over a period of time.A product hitting the market too early(with many open bugs) is a problem as well as the product launched too late(when you have other players competing with you)is also a problem.Hence,when it comes to product,the important thing is “Be there before its too late”

Funding:
Well,this is what Vani has to say on “Venture Capital Funding”
“It is important to evaluate the experience and track record of the venture partner funding the company. Can they provide access to management, deals and powerful networks? Do they have the time to mentor the entrepreneurs and provide operational guidance? The involvement of the venture partner is critical to transform nascent ideas into higher value businesses”

Below is the elaboration of what Vani has to say:

Vani on Great CompaniesGuess what I was able to find a mistake in one of the articles on Vani’s site which was published by by USA Today.I know you would appreciate my effort in finding this small error ๐Ÿ™‚

Vani Cola on USA today

I have been observing this event on many blogs and thought that it would be nice to start this on mine as well.Some of the cool posts which I found interesting and worth reading are given below:

I guess 3 posts should be enough for getting interest from my readers ๐Ÿ™‚

Everyone has seen internet going into a new age.Right from HTML to RSS(XML) to Blogging to Video Sharing to Collabaration.Just happen to come across Jeremy Fain’s Blog where he has mentioned about the coolest definition of Web 2.0

Basically, in plain words “Web 2.0 is just about sharing and collabarating information”

One of the coolest videos which demonstrates Web 2.0 is uploaded by Michael Wesch
Do not miss the coolest videos demonstrating Web 2.0 below….I am sure you would say wow after watching it ๐Ÿ™‚

It has been almost two years since I have been blogging and I can tell that Blogging has changed my life.I have been recognized by many people because of my blog.Not only have I made many friends from the Blogosphere (Ashish, Alok Srivatsava, Phalgun, Rishi, Mayank, Ramanathan to name a few of them) but have also been able to make a different identity of myself.Yes,not to forget entrepreneurs like Nidhi who are a source of inspiration to all young people who aspire to be entrepreneurs.

I should not forget my friends Alok, Hiral, Varada, Ajay, Ashish who have been a source of constant support during this entire journey.But,this is just the start of the journey and there is a long way to go!!!

Thoughtsprevail yesterday, today and tomorrow

Thoughtsprevail was able to see its rank go up from 9 Lakh in Technorati to 2,48,812 in just 2.2 months.Well,rank does not matter much[since this blog does not get me any money :-)], but this increase in the rank means that this blog is able to send across the right message to all the visitors(who land up to this blog either though Google or directly come to my blog ๐Ÿ™‚

Visit my Technorati Profile and if you find the content of this blog informative you can add me to your Favourites

Thoughtsprevail.on Technorati

We should not forget the โ€œPage Rankโ€ and I saw my page rank finally go up from a mere 1 to 3 and believe me,after putting so much of efforts , it was very painful to see a PR of 1.And yes,not to forget the site meter [which did increment in meters but in centimeters(since 1cm = 100m) for thoughtsprevail].Many other such small achievements would help me reach where I wanna be!!!

Visitors on ThoughtsPrevail

Thanks to everyone and help increase this collabarative world of blogosphere!!!

I just thought that so many events are happening in Bangalore and Chennai , so it would be difficult for many people to keep track of it.Specially,if the event pertains to my love “Google” it had to be on my blog ๐Ÿ˜‰

An interesting “Google Tech Talk” on 21st February,2007.The highlight would be on “Past,Present and Future of the Internet”.The details of the event can be found on My Upcoming Events.Seen below is a snapshot of the event details.

Google Tech Talk in Bangalore on 21st February,2007

So what happens when one business guru meets another guru.Yes,Economic Times was able to bring Infosys‘s Nandan Nilekani and PepsiCo‘s Indra Nooyi under one roof on 7th February,2007.May be I was somewhat late in posting this on my blog ๐Ÿ™‚

Nandan Nilekani acted as the interviewer and it was an interesting conversation between the two of them.Just one problem,the interview was covered in 24 pages which was too tiring for me to complete it ๐Ÿ™‚

Visit the complete interview here

Heard this one “Impossible is nothing”…Yup this is the tag line of Nike.But what is it doing on my Blog? I just came across two videos on YouTube which would definitely inspire any person and at the end of the video, you would also tell “IMPOSSIBLE IS NOTHING”

NOTE:Could not embed the video,since Embeding of the video was disabled.

a. Inspiring Video 1:
I was chatting with my friend Nidhi Modi , owner of AllIndiaDeals.She is a high performance entrepreneur(in Subroto Bagchi‘s terminology) and one of the reason’s for her success is this inspiring video(which she shared with me),that demonstrates “Power of striving hard to succed”

Ordinary people becoming extra ordinary

[CLICK ON THE IMAGE TO GO TO THE VIDEO]

b. Inspiring Video 2:
No one might have imagined that a lower middle class boy would become a 25bn$ powerhouse.Yes,as you might have guessed, I am referring to the “Man in Steel” of Indian origin-Laxmi Nivas Mittal.Enjoy his interview where he shares his views on India,his journey to success and his message to young entrepreneurs.

Inspiring Hero:LN Mittal

[CLICK ON THE IMAGE TO GO TO THE VIDEO]