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Emerging India.
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Hand-picked News For Busy NRIs & PIOs
Issue No. 105 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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IF you just Click & View Google Ads of your interest on this page, in the next one minute.
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Headline News in this issue:
- A MAJOR TERROR ATTACK IN MUMBAI
- Govt outlets to sell drugs at 50% of MRP
- ID cards for ‘outsiders’ in UK
- AI, Kingfisher cut fares
- Banks may get free access to open branches & ATMs
- AIG beats the blues with 100% retention bonus
- Icy Spicy : ‘Brides, be bold!’
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SENSEX: 9,026.7 DOWN 57.4 % from 52-wk high
FOREX-Rs: USD 49.85 / EUR 64.73 / GBP 76.59
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A MAJOR TERROR ATTACK IN MUMBAI
26th November (Wednesday): Terrorist targeted Mumbai at about 11 pm today. There were many bomb blasts. Also, terrorists fired many rounds in Taj Mahal & Oberoi hotels. As of midnight, it was indicated that 100 people were killed and over 285 injured in the terror attacks.
India pitches meltdown tourism (TOI,Mum,26Nov08,P1)
LIFE’S A BEACH, COME TO INDIA
New Delhi: If you’re coming to terms with a job loss or have a home loan you can’t pay, come to India to find peace. This is tourism minister Ambika Soni’s prescription for all those who have burnt their fingers in the global meltdown.
Govt outlets to sell drugs at 50% of MRP (TOI,Mum,26Nov08,P1)
In a first-of-its-kind initiative, the Centre has decided to set up retail outlets across the country and sell essential medicines like antibiotics, painkillers and anti-allergics at 50% of the MRP. Called ‘Jan Aushadi’ stores, these 24/7 outlets will first open in Punjab and Andhra Pradesh.
ID cards for ‘outsiders’ in UK (TOI,Mum,26Nov08,P1)
The UK has made it mandatory for people visiting the country from outside the EU to have a biometric ID card.
For news in detail, visit The Times of India ePaper
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AI, Kingfisher cut fares (ET,Mum,26Nov08,P1)
Air India and Kingfisher on Tuesday cut airfares by Rs 350-500 on domestic routes with immediate effect. For international flights, the cut was even sharper at Rs 1,200 to Rs 10,000.
Banks may get free access to open branches & ATMs(ET,Mum,26Nov08,P1)
RBI LICENCE NOT MANDATORY
BANKS operating in India — including foreign ones — may soon be able to open new branches and set up automated teller machines (ATM) without a licence from the Reserve Bank of India (RBI). The finance ministry, which favours such a relaxation, is likely to take up the matter with RBI soon, a senior government functionary told ET.
At present, there are only 76,000 branches in India for 110 crore people.
TATA CHEM ACQUIRES 35% IN S’PORE CO (ET,Mum,26Nov08,P1)
TATA CHEMICALS has agreed to invest S$25 million for a 35% stake in JOil (Singapore), a jatropha seedling company. The deal will give Tata Chemicals exclusive marketing rights for JOil’s jatropha seedlings in India and East Africa.
AIG beats the blues with 100% retention bonus (ET,Mum,26Nov08,P1)
Offers To Pay An Extra Year’s Salary If Execs Stay On Till Nov ’09
AMERICAN International Group (AIG), which recently received a $150-billion bailout package from the US government, is offering retention bonuses to a few senior executives in Asia, including key officials in India, said a person with knowledge of its plan. AIG has offered to pay such executives an extra year’s salary if they stay on with the company till November 2009.
For news in detail, visit The Economic Times ePaper
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Icy Spicy
‘Brides, be bold!’ (BT,Mum,26Nov08,P1)
... and be desi with international sensibilities this wedding season
The wedding season is announced. And, brides are going for the desi, Bollywood look in a big way. Responsible for this in a large measure are the film industry’s stylists.
Fashion designers like Manish Malhotra, who got Priyanka Chopra very noticed in Dostana by giving her a ‘sansaccessories-highon-costume’ look. In an intricately embellished lehenga which had a traditional yet contemporary twist with long slits, Priyanka made a bold fashion statement for brides-to-be.
Manish suggested, “This wedding season brides can play down the accessories and make their outfits the prime focus. Grooms, too, need to play down the hyperembroidered look.
Try Abhishek Bachchan’s sherwani look (again from Dostana) with texturing with multiple fabrics. And you are set.” Designer Arjun Khanna agreed. “Guys must go for a ‘super cool’ and ‘rugged raw attitude’ look. Try out deconstructed bandhgalas, wear traditional Jodhpuris with wild treatments like zippers! And you are ready to roll. However, don’t forget to match your jootis with your sherwani though,” he cautioned.
It’s, however, a defined and elegant look that Tarun Tahiliani suggests the bride should go for. “I would suggest garments with an intricate gold and silver mix. Flaunt the embroidery which has a touch of western modishness. This beautiful mix that East meets West brings will help the bride play up elegance and grandeur.”
For news in detail, do visit Bombay Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 3.8 % today.
SENSEX: 9,026.7 (+3.8%) NIFTY: 2,752.3 (3.7%)
DOWN..57.4 % from 21,206.77 the 52-week high of SENSEX.
UP...........5.4 % from 12,514.02 the 52-week low of SENSEX
Investment & Wealth Creation Advice:
As indicated by us a few weeks ago, Sensex has come down substantially. It is expected to go down further by about 1000-2000 points in the next few weeks. However, nobody can ever predict how much it will go down further.
You should now consider making systematic investments over the next few weeks after taking investment expert's advice. If you are planning to invest amount X in the next couple of months in equity shares / mutual funds, then invest 10% of the amount now, as the market may go down further. After a week or so, you could invest another 10% and so on.
If you make investments in the right shares and mutual funds when the market is at 10000 or lower levels, you can expect minimum 20% (post-tax) compounded annual returns in the next 3 years.
Click here to display NSE CNX NIFTY Chart
Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we are only making you aware of the investment opportunities in India at a broad level.
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