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Hand-picked News For Busy NRIs & PIOs
Issue No. 110 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

India keeps military option open
Taj & Trident resume operations in just 20 days
Fan builds temple for Dhoni
A lady to be the NEW ICICI CEO
‘SRK is scared to work with me’ – Amir
Britney in Mumbai next week
IcySpicy: It’s Ash versus Amrita now!

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SENSEX: 10,076.4 DOWN 52.5 % from 52-wk high

FOREX-Rs: USD 47.30 / EUR 68.37 / GBP 73.60

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Military option still open (TOI,Mum,21Dec08,Pg1)

New Delhi: Keeping the military option alive and kicking in the face of Pakistan’s doublespeak on the crackdown on terror, a top-level meeting was held on Saturday evening to review the security situation in the region and the state of defence preparedness of the armed forces.

Fan builds temple for Dhoni (TOI,Mum,21Dec08,Pg1)

It’s the height of hero worship. One of Indian skipper M S Dhoni’s fans is building a temple in his name on the outskirts of Ranchi. He plans to instal a life-size statue of the cricketer, besides displaying pictures and videos of Dhoni from his childhood days.

SBI to give housing loans for as low as 9% (TOI,Mum,21Dec08,Pg1)

New Delhi: In the new year, home loans are set to get cheaper, but bank deposit holders can also expect a lower interest income.

‘Stop aid to Reliance Industries’ (TOI,Mum,21Dec08,Pg1)

A group of US Congressmen have urged the US Export-Import Bank to suspend $900 million worth of assistance to Reliance Industries (RIL) until the Mukesh Ambani-led conglomerate stops doing business with Iran.

For news in detail, visit The Times of India ePaper

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KOCHHAR TO BE THE NEW ICICI CEO (ET,Mum,21Dec08,Pg2)

ICICI Bank joint MD Chanda Kochhar, 46, was approved as the new MD & CEO of the country’s largest private sector bank, succeeding KV Kamath, in a board meeting. Ms Kochhar will take up her new role May 2009 onwards. Mr Kamath, whose 13-year term comes to an end in April 2009, will take over as the bank’s non-executive chairman.

HNIs take fancy to equity market once again (ET,Mum,21Dec08,Pg1)

New Delhi: Guess who’s bouncing back into the equity markets — the HNIs, report Dheeraj Tiwari & Aman Dhall. And wealth managers feel the confidence is coming back, thanks to innovative products. New offerings that provide capital protection even with exposure to equities, have received an enthusiastic response.

Trident & Taj Tower reopen today (ET,Mum,21Dec08,Pg1)

Mumbai: Trident (erstwhile Oberoi), one of South Mumbai’s iconic hotels, will resume operations from Sunday, after it suffered damages in last month’s terror attacks. Taj Tower, a part of the Taj chain of hotels, will also reopen on Sunday evening. “All rooms and restaurants at the Trident will be in pristine condition to welcome guests,” said Ratan Keswani, president, Trident Hotels.

‘SRK is scared to work with me’ (ET,Mum,21Dec08,Pg14)

THE infamous rivalry between the two superstars of Bollywood- Aamir and Shahrukh- is once again hogging the limelight with the former revealing that King Khan is “scared” to work with him.

On the eve of the release of ‘Ghajini,’ starring Aamir Khan, the actor says he has no qualms about working with Shahrukh, however the actor kept saying no. “SRK is scared to work with me what to do?” Aamir told Rajeev Masand in an interview for CNN-IBN.

For news in detail, visit The Economic Times ePaper

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IcySpicy

It’s Ash versus Amrita now! (BT,Mum,21Dec08,Pg40)

It doesn’t happen every day that a simple village belle challenges a mighty queen. But that’s what seems to be happening at the V Shantaram awards, the nominations for which were out recently. And among the actresses vying for the best actress award are two of apni Bollywood hotties as well.

So, Amrita Rao as the rustic village potter-woman from Welcome to Sajjanpur prepares to take on Aishwarya Rai-Bachchan’s Jodha in Jodhaa Akbar. Interestingly both characters required the actresses to polish their language skills for these roles — Ash worked on her chaste Hindi and Amrita worked on getting the right Bagelkhandi dialect.

However, while their respective roles are as different as they come, the two Bollywood beauties have something else to bond over apart from their Bollywood roots. That both Amrita and Ash are fellow Mangaloreans. But the two professionals certainly aren’t going to let this South connection stop them from giving each other some tough competition, right?

Britney in Mumbai next week (BT,Mum,21Dec08,Pg33)

Yes, it’s going to be a merry Christmas, indeed. Pop singer Britney Spears is all set to come to India, despite the world being afraid to step foot here post 26/11. But no, the singer’s not coming here to perform, or to ‘promote tourism in India post the terror attacks’ as some international webchats state; she is coming to India for a two-day rehearsal with dance choreographer Sandip Soparrkar for the video Womanizer from her latest album Circus.

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 3.7 % today.

SENSEX: 10,076.4 (+3.7%) NIFTY: 3,060.8 (+3.6%)

DOWN..52.5 % from 21,26.77 the 52-week high of SENSEX

UP...........17.6 % from 12,514.02 the 52-week low of SENSEX

Investment & Wealth Creation Advice:

We expect a rally of a couple of thousand points in December. However, we expect Sensex to go to 7000-8000 level in 2009.

Some of you may like to book profit or exit some stocks in December as the market is expected to fall substantially in 2009.

Do consult your investment advisor before making any decisions.

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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