Friday, August 29, 2008








Update In Brief
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From
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Emerging India
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For Busy Non-Resident Indians & PIOs
Issue No. 58 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India ...
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Issue Price: Google will pay for you, if you just Click & View a Google Ad of your interest on this page, in the next one minute
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Headline News From India in this issue:
  • Maya packs a power punch, storms into Forbes list
  • Morparia moves on to JP Morgan
  • Abhinav Bindra says most sportspersons can’t speak up because their careers are at stake
  • Our readers find Google Ads very informative
  • GM inks $200m Pune plant deal
  • World Gujarati Conference 2008 in USA
  • Icy Spicy : Madhuri Dixit talks about anonymity in the US

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Your Personal Change Agent

You can't have a better tomorrow if you are thinking about yesterday all the time.

- Charles F. Kettering

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SENSEX: 14,564.5, DOWN 31.3 % from 52-wk high

FOREX: USD 43.75 / EUR 64.52 / GBP 80.11

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Maya packs a power punch, storms into Forbes list (ET-29Aug08)

UP CM ranked 59th, but Congress chief Sonia slips to 21

MAYAWATI has made her debut in the club of 100 most powerful women in the world. She has joined Congress President Sonia Gandhi in a list of powerful women compiled by US magazine Forbes.

While Gandhi has slipped from her previous year’s sixth rank to 21st this year, Uttar Pradesh chief minister Mayawati has made her debut at 59th.

The list also includes Indra Nooyi, the Indian-origin chief of global soft drink major PepsiCo, at third position, up from fifth last year, and Indian biotechnology firm Biocon’s chief Kiran Mazumdar Shaw at 99th.

German Chancellor Angela Merkel is the world’s most powerful woman for the third straight year. US secretary of state Condoleezza Rice is in the top 10, although she dropped three spots from last year to No 7 as the Bush administration prepares to leave office in January 2009 after the US election in November.

Forbes said 45% of the women are based outside the United States. One third of the women are new to the list, including Argentina’s first popularly-elected president Cristina Fernandez and Risa Lavizzo-Mourey, chief executive of the Robert Wood Johnson Foundation. “A lot of the women who dropped off the list this year were for job-related reasons,” Schoenberger said. In some cases, it’s simply a matter of the woman with a powerful position, but other women are relatively more powerful and pushed her down and off the list.”

Morparia moves on to JP Morgan (ET-29Aug08)

Kalpana Helped Transform ICICI From Devt FI To A Giant Bank

KALPANA Morparia, regarded in the Indian financial sector as one of the public faces of ICICI Bank and a trouble-shooter for the group, has quit. She will now head financial services major JP Morgan’s operations in India. Ms Morparia had a dominant role in the transformation of ICICI from a development finance institution (FI) into the country’s second-largest bank during her stint of over three decades with the group.

In a statement issued here on Thursday, JP Morgan chairman and chief executive of JP Morgan Asia Pacific, Gaby Abdelnour said that the “appointment of Kalpana Morparia as chief executive officer for Indian operations offers JP Morgan a tremendous opportunity to accelerate the progress we have made in building our Indian franchise.” Ms Morparia said that she was very excited with the opportunity provided to her. “India has enormous potential for a bank of JP Morgan’s size and scale,” she said.

For news in detail, visit The Economic Times ePaper

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‘Indian athletes cannot respect most officials’ (TOI-29Aug08)

TOI’s Guest Editor and Olympic champ Abhinav Bindra says most sportspersons can’t speak up because their careers are at stake. And officials couldn’t care less

Today, you have a sports page story about a soap company sending a legal notice to M S Dhoni. Who cares? We love controversy. But we need to change that. I’m sure some other sport was going on in this side of the world. You could have written about that.’’

Olympic gold medallist Abhinav Bindra was warming up to his new assignment on Thursday—Guest Editor of The Times of India. He’s evidently a man of sharp views—just as sharp as his shooting. During the 60-minute news meeting, he showed what it takes to be a world beater—clear vision, an unwavering focus and an ability to execute brilliantly under pressure.

We wanted to know what it would take to make India a sporting power. The Olympic champ didn’t have pat answers. “I have no magic solution,’’ he said. But he knew the current system was rotten and it would not create the transformation.

‘‘Indian athletes have no respect for most officials,’’ he said. ‘‘They have to be on good terms because one needs to survive. But most officials, and many of the so-called coaches who travel with the shooting team, know nothing about the sport. The athletes don’t talk about this because their careers are at stake. And the officials unfortunately don’t care.’’

He gave another insight into why Indian sports was in a mess, letting slip in the middle of a discussion that he flew to Beijing from Germany, where he had gone for training, on his own expense!

GM inks $200m Pune plant deal (TOI-29Aug08)

Close on the heels of his ‘red carpet’ invitation to Tata Motors to roll out its small car, Nano, from the state, CM Vilasrao Deshmukh on Thursday signed a deal with US auto major General Motors (GM) to start an engine manufacturing plant at Talegaon near Pune. GM will invest $200 million (Rs 875 crore) in the plant and employ 1500 people.

It’s the second time the global auto major has decided to invest in Maharashtra. It had signed an MoU with the state for a Rs 1,250 crore car manufacturing plant at Talegaon in August 2006. The factory is ready and will be inaugurated by the chief minister on September 2, said government sources. Officials said the proposed engine plant would be adjacent to the car factory in the 300-acre Talegaon complex.

World Gujarati Conference

World Gujarati Conference 2008 is scheduled to start in New Jersey, USA at 4 pm on the 29th of August. 'Chaalo Gujarat' is an initiative taken up by AAINA (Association of Indian Americans in North America) to establish unity of Gujarati speaking community across the world in articulating aspirations and common interests.

For news in detail, visit The Times of India ePaper

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Icy Spicy

‘I do the groceries like anybody else’ (BT-29Aug08)

Madhuri Dixit talks exclusively to BT about anonymity in US

Ladies and gentlemen, we present Madhuri Dixit live from New York. She’s here in the Big Apple for the Big B’s world tour. But BT managed to get Big Bytes from the Big Diva before she went on stage. She laughs radiantly, expressing excitement at grabbing centrestage after long, “I just love being on stage, I am a trained classical dancer, and dance comes naturally to me. I try to do riyaaz regularly, but I have two small kids. Even they dance with me.” She adds, “I was also watching Aishwarya perform after long. I must say, Ash has matured so much as a dancer since we last danced together for Devdas. She’s getting better and better.” And sharing the stage with Mr Bachchan? As good as sharing screen-space? The two superstars haven’t worked together since the Bade Miya Chotte Miya song cameo. “We have tried to work together for years, it hasn’t been very successful. This tour was the closest it could get,” she states sadly.

While we gab on, I grab a glimpse of Sriram Nene, Madhuri’s better half, sitting at close distance, like a proud, protective and unperturbed partner. So far-flung from filmdom, yet, living a blissful married life with one of India’s most beautiful movie stars. With her American born kids, Bollywood is a fairly alien concept. “My kids had come to see our show in LA, with my whole family in tow. They love to watch me dance. My younger one loves it more, but my older kept blushing, and was slightly shy on seeing me all dressed up backstage. My kids are young, and our Hindi films are slightly long, they don’t have so much of an attention span,” she says, with that tinkle of motherly pride. They say that showbiz, glamour and the arc lights are addictive. You can’t live with it, and you can’t live without it. “I love my art. I don’t enjoy anything else that goes with it. Or the limelight, as you would call it. I love my craft, my dancing. I will never lose that,” says MD, without batting those long lovely lashes.

With the industry’s biggest banners pursuing her for the next big ‘re-comeback’, she can lose herself to temptation. She’s human. And a superstar, too. “I do get tempted. But my priorities are in place. I have to make sure what I do is the best,” she firmly replies. Basking in the freedom of an American life is a privilege; still this is home away from home. Someday Madhuri Dixit would want to go back to her old-world, her good ‘ol Mumbai, and the new-age Bollywood. She disagrees, and denies in the same breath, “When I was growing I led a normal life, even after I became an actress, my family life didn’t change much. Here in America, too, I lead a normal life. I walk around, shop, and do groceries, like anybody else. I love and enjoy the anonymity.”

For More Pics, do visit Bombay Times ePaper

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End-of-the-day Status of the Stock Market:
Sensex went up by 3.7% today.
SENSEX: 14,564.5 (+3.7%) NIFTY: 4,360.0 (+3.5%)
. DOWN..31.3 % from 21,206.77 the 52-week high of BSE-SENSEX
. UP.........16.4 % from 12,514.02 the 52-week low of BSE-SENSEX

Investment & Wealth Creation advice:

NRI.NewsIndia team believes that the downward trend will continue and the Sensex will move southwards till end-September to about 13000 level.

Click here to display NSE CNX NIFTY Chart
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