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From
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Emerging India.
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Hand-picked News For Busy NRIs & PIOs
Issue No. 112 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- India Salutes Its Unknown Soldier
- India-friendly Sheikh Hasina wins in Bangla polls
- Doctor from Bihar among top 10 in US
- 'The Great Indian Shopping Festival'
- Air India cuts domestic fares by up to 82%
- Nano booking from March
- IcySpicy: New Year eve plans of Bollywood Stars
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SENSEX: 9,647.3 DOWN 54.5 % from 52-wk high
FOREX-Rs: USD 48.43 / EUR 68.20 / GBP 69.97
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India Salutes Its Unknown Soldier (TOI,Mum,31Dec08,Pg1)
It’s an indicator of the kind of year we have had that Bollywood, cricket stars and political biggies became also-rans in our annual survey to determine the Indian of the Year. This year, the votes were overwhelmingly for the Indian soldier and for slain Maharashtra anti-terrorism squad chief Hemant Karkare, with the celebrities way behind.
Just over one-fourth of all respondents in an eight-city poll picked the unknown but heroic soldier as the Indian of the Year (26% votes), with Karkare close behind with 24%.
M S Dhoni and Sachin Tendulkar were in a dead heat for third spot, but with just 8% votes each, they were not even in the same race.
Doctor from Bihar among top 10 in US (TOI,Mum,31Dec08,Pg12)
Patna: Finding a place among top 10 hospitalists (a specialist in inpatient medicine) of the US is no mean achievement for a youth hailing from a remote village of north Bihar. Tapan Thakur did just that by sheer dedication and commitment.
Born in Akaur village of Madhubani district and educated in Patna, Tapan has recently been included in the list of top 10 hospitalists of the US.
The list has been published in the Hospital Journal of the American College of Physicians. The list is prepared after evaluation of p hy s i c i a n s and their contributions to t e a ch i n g , quality improvement, research, cost saving, patient safety and leadership. Tapan excelled in all.
Tapan did his MBBS from Patna Medical College in 1991.
Tapan is currently the medical director of Midsouth Hospital and vice-president of medical staff at Baptist Memorial Hospital in Southaven, Mississippi.
Nano booking from March (TOI,Mum,31Dec08,Pg21)
Tata Motors has sent prototypes of its Rs 1 lakh Nano car from its Pantnagar plant to three cities in the state for test run, a company official said on Tuesday. The company would start booking for Nano from March 2009.
'The Great Indian Shopping Festival'
'The Great Indian Shopping Festival' of the Future Group will get over on January 4, 2009. It is a jumbo combination of offers on over 1000 brands, along with entertainment and fun.
All Future Group retail formats are participating in the shopping festival including the flagship formats – Big Bazaar, Food Bazaar, Pantaloons, Central, HomeTown and eZone
Led by its flagship enterprise, Pantaloon Retail, the group operates over 11 million square feet of retail space in over 63 cities and towns and 65 rural locations across India. Headquartered in Mumbai (Bombay), Pantaloon Retail employs around 30,000 people and is listed on the Indian stock exchanges.
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Air India cuts domestic fares by up to 82% (ET,Mum,31Dec08,Pg1)
JetLite Too Reduces Fares By 40%
AIR travellers have reason to cheer towards the fag end of the festive season. Close on the heels of Jet Airways slashing its basic fares by up to 40%, national carrier Air India has cut tariffs across domestic sectors by 35-82%.
Is HP eyeing stake in Satyam? (ET,Mum,31Dec08,Pg1)
HEWLETT-PACKARD (HP) is also evaluating the possibility of acquiring a stake in IT services provider Satyam Computer, attracted by the latter’s lucrative business software practice. The opportunity to challenge rival IBM with bigger, low-cost offshore capabilities is also alluring, those familiar with the strategic options being considered by the company said.
A FRIENDLIER NEIGHBOUR IN THE EAST (ET,Mum,31Dec08,Pg1)
Sheikh Hasina’s Sweeping Victory In Bangladesh May Perk Up Cross-Border Trade
IN A neighbourhood development that brings some cheer to India, Bangladesh returned to democracy, with former Prime Minister Sheikh Hasina’s “grand alliance” powering to victory in the general elections which had the voter turnout of resounding 70%. Sheikh Hasina is the eldest of the country's founding father, Sheikh Mujibur Rahman.
In a landslide victory, the Awami League-led alliance bagged 258 of the 300 seats, according to “unofficial” results announced by the Bangladeshi Election Commission. Sheikh Hasina’s nearest rival Khaleda Zia’s Bangladesh Nationalist Party-led alliance won in just 31 constituencies.
RCOM launches GSM based mobile phone services (ET,Mum,31Dec08,Pg1)
Reliance Communications launched its GSM-based cellular services in 14 circles with a capex of USD 2 billion. The company, which operates as a GSM player in eight circles already, will offer GSM services across India from Wednesday. RCOM is already India’s largest CDMA operator.
For news in detail, visit The Economic Times ePaper
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IcySpicy
NO PARTY , TONIGHT! (BT,Mum,31Dec08,Pg1)
BOLLYWOOD HAS NO PLANS TO WELCOME IN 2009... THOUGH EVERYBODY IS HAPPY TO SEE THE LAST OF 2008
Not many people are celebrating New Year this time... there is nothing special being done to bring in 2009; perhaps because the pain and suffering of 2008 will remain long after December 31, the memories of 26/11 will carry on forever.
Bollywood, which felt the effects of the terrorist attacks on Mumbai as much as anybody else, has no special plan for 31st night.
When BT asked its bold and beautiful denizens where the party was, this is what they said about their plans for New Year’s night...
KAREENA KAPOOR: I’m going to be in the European mountains with Saif. I’m looking forward to the peace and time out after working round-the-clock. I desperately need a holiday. Sadly, it’s only for a week. Just the two of us.
RANI MUKERJI: I haven’t planned anything. I’ll be working.
ABHISHEK BACHCHAN: No plans at all. Probably be with the family.
PREITY ZINTA: It’s going to be a sporty new year. I’m going skiing. In Mumbai you never get to see winter.
AJAY DEVGAN: Every year I’m at my farm in Karjat with my family for New Year.
BIPASHA BASU: I’m in Hong Kong where I’m shooting for two days. Then I disappear into some place for four days for the New Year.
SHILPA SHETTY: I’ll be in Spain with the people who matter the most to me.
PRIYANKA CHOPRA: I’ll be out of town with those who matter the most to me, my family. Parties and celebrations are certainly not my scene. Not this year, specially, when our city has suffered so much.
URMILA MATONDKAR: There are no New Year plans. We’ve been through so much. I just want to spend time with my family.
For news in detail, do visit Bombay Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went down by 0.7 % today.
SENSEX: 9,647.3 (-0.7%) NIFTY: 2,959.2 (-0.7%)
DOWN..54.5 % from 21,26.77 the 52-week high of SENSEX
UP...........12.6 % from 12,514.02 the 52-week low of SENSEX
Investment & Wealth Creation Advice:
We expect the Sexsen to go up by about thousand points in the next couple of weeks. 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 the next couple of weeks 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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