Friday, January 16, 2009

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Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 125 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • Chandra set to head TCS
  • Cricket: Mumbai thrash UP to lift 38th Ranji Trophy title
  • Motorola to shut India unit
  • D’Souza on ‘Youngest CEO’ list - Forbes
  • These Sikhnis have an eye on Miss Kaur crown
  • IcySpicy: Homecoming Premiere for Slumdog next week
  • Graffiti: Kate Winslet gets two Bafta nominations

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SENSEX: 9,323.6 DOWN 56.0 % from 52-wk high

FOREX-Rs: USD 48.76 / EUR 64.52 / GBP 72.29

Do read Investment Advice for long-term investors in this issue.

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NRI.NewsIndia

Keeps me in close touch with India

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Cricket: Mumbai thrash UP to lift 38th Ranji Trophy title

Dhawal Kulkarni claimed five wickets as Mumbai asserted their supremacy by thrashing Uttar Pradesh by a huge 243-run margin and clinching the Ranji Trophy title for a record 38th time on Friday.SCORECARD: Uttar Pradesh 2nd innings: 281 all out Mumbai second innings: 367 all out Uttar Pradesh 1st innings: 245 all out Mumbai 1st innings: 402 all out

Cricket: Bowling greats rank low on ICC all-time list (TOI,Mum,16Jan09,Pg1)

How would you react if someone suggested that South African speedster Dale Steyn, after just 30 Tests and three memorable seasons, is a far greater Test bowler than Dennis Lillee, Allan Donald, Wasim Akram or Brett Lee? Well, ‘someone’ actually has. And it’s no less an authority than cricket’s supreme decision making body itself—the International Cricket Council.

If you thought ICC’s list of all-time greats in batting was a shocker, just check out the bowlers. There you will find Steyn at No 22 in the league of the 100 best-ever Test bowlers while Lillee, Donald, Akram and Lee find themselves down below at 34th, 26th, 59th and 67th spots, respectively.

These Sikhnis have an eye on Miss Kaur crown (TOI,Mum,16Jan09,Pg8)

The Dadar gurdwara is the scene of an unlikely revolution. A svelte beauty wearing low-waist jeans is reciting the Jap Sahib to her neighbour. At the head of the table, a team of beauty experts is handing out customised grooming tips for the next day’s beauty pageant.

On Friday evening, 19 beautiful Sikhnis who avoid trimming their hair and wear the shining kada on their wrist will compete for the title of Miss Kaur International 2009, likely the first beauty contest in India being held exclusively for Sikh women.

Two years ago, Puran Singh Banga who heads the Sat Sri Akaal Charitable Trust started the Mr Singh contest for Sikh men. Now comes its female avatar, Miss Kaur International.

Satyam employee killed in US (TOI,Mum,16Jan09,Pg12)
26-Year-Old Andhra Resident Shot While Returning From Work

Exactly four years after he left for the US on Bhogi Pongal, 26-yearold Satyam employee N Akshay Vishal, a resident of Hyderabad, was killed in Arkansas. Akshay, who was shot at as he was returning from work, succumbed to bullet injuries while undergoing treatment at Methodist Medical Center in Little Rock Town, Arkansas, on January 14, a day after he was shot.

He is the seventh Indian student or professional from Andhra to have been murdered in the US in the last 15 months.

Chandra set to head TCS (TOI,Mum,16Jan09,Pg21)
Tata Cos Prepare For Leadership Change

Even as India’s fourth largest IT company Satyam searches for a new CEO, the country’s biggest software player Tata Consultancy Services is set to see a new face at the helm. N Chandrasekaran is stepping into the shoes of S Ramadorai, who has been MD and CEO of the Tata group’s flagship software arm since 1996.

Ramadorai, who turns 65 in October, will relinquish executive power as per the group’s retirement policy. He will, however, continue to be associated with TCS in a nonexecutive capacity and will be redesignated as vice-chairman (currently a non-existent post) for the next 10 years in line with group policies.

For news in detail, visit The Times of India ePaper

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Sun Microsystem to lay off staff in India, no fresh hiring in 2009

Santa Clara-based $13.88 billion Sun Microsystems will lay off staff in India as part of its plan to cut 6,000 jobs globally.

The company employs some 33,423 people worldwide. While the company is yet to decide the exact number of job cuts in India, it has no plans for fresh hiring in 2009.

The company, which operates in more than 100 countries around the globe, employs some 1,300 people in India.

http://economictimes.indiatimes.com/Sun_Micro_to_lay_off_staff_in_India_no_hiring_in_2009/articleshow/3989921.cms

Motorola to shut India unit (ET,Mum,16Jan09,Pg1)

Troubled handset maker Motorola is shutting down its distribution division in India amid dwindling sales and increasing competition in the world’s fastest-growing telecom market.

D’Souza on ‘Youngest CEO’ list (ET,Mum,16Jan09,Pg10)

Software services provider Cognizant's CEO Francisco D'Souza, 39, has been named one of the "21 youngest CEOs" heading America's biggest companies by Forbes magazine. Interestingly, the list applies even in India, as far as its key competitors are concerned.

Nasdaq-listed Cognizant has most of its employees in India and competes with biggies such as TCS, Infosys, Wipro and HCL here.

For news in detail, visit The Economic Times ePaper

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IcySpicy

HOMECOMING PREMIERE FOR SLUMDOG NEXT WEEK (BT,Mum,16Jan09,Pg1)
Boyle makes 360 degrees turn to return with award winning film to Mumbai next Thursday

You needn’t go to LA to congratulate Danny Boyle and the cast of Slumdog Millionaire for the film’s success at the Golden Globes last weekend. Good news is that Boyle & Co — yes, the elusive A R Rahman as well, are returning to Mumbai on the 20th to hold the Indian premiere of the film here.

US and UK audiences have seen it already, but that was before Slumdog got Hollywood’s top entertainment critics’ recognition, now it’s India’s turn... and the anticipation for the award-winning film is huge.

The all-India release has been slated for Friday the 23rd, with a Hindi version — Slumdog Crorepati, also dubbed and readied for the janta. Boyle’s premiere is the previous night at the Imax Big Cinemas in Wadala. He wants it to be the largest premiere ever held in India and has invited all of Bollywood to fill the five screens on which the film will be shown.

Before the start, Boyle will visit each screen to meet the audience, talk about Slumdog, and to thank Mumbai especially for helping him make it. The evening will begin at 9 pm with Boyle and the cast of Slumdog walking the red carpet and taking photocalls.

According to the film’s PR agents, the British director is excited about the premiere. He is reported to have said, “This is going to be like a homecoming, because Mumbai is where I started my journey, and now after showing it around the world and picking up so many international awards, the film is making a 360 degrees turn and returning to where it all began.”

There is more. The Oscar nominations will be announced at 7.30 pm the same evening. Remember to congratulate Boyle when you see him... for getting the Golden Globes and making the Oscars shortlist. If you’re invited, that is.

For news in detail, do visit Bombay Times ePaper

Graffiti

Winslet gets two Bafta nominations (TOI,Mum,16Jan09,Pg20)

Golden Globe winner Kate Winslet has two nominations for best actress at the British Academy Film Awards.

The 33-year-old star has been nominated for her performances in Revolutionary Roadand The Reader. Danny Boyle’s Slumdog Millionaire garnered 11 nominations, including a best supporting actress nod for Indian actress Freida Pinto. It was tied at the top with The Curious Case of Benjamin Button, starring Brad Pitt, followed by Batman blockbuster The Dark Knightwhich won nine nominations.

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END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex went up by 3.1 % today.

SENSEX: 9,323.6 (+3.1%) NIFTY: 2,828.5 (+3.4%)

DOWN..56.0 % from 21,26.77 the 52-week high of SENSEX

UP...........8.8 % from 12,514.02 the 52-week low of SENSEX

Investment & Wealth Creation Advice:

Please note that our advice is primarily for investors and not for speculators. Investors typically invest with 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue.

We expect Sensex to come down to 7000-8000 level in the next few months. So, it is going to be a very good time for investments in good stocks.

Also, those who want to invest in realty in India should wait for some time as the flat and land prices are expected to come down substantially in the next 3-4 quarters.

Do consult your investment advisor before making any investment decisions.

Do not purchase shares of a good company at a wrong price. Also, do not purchase shares of a bad company even at a very low price.

Do not put all your eggs in one basket. Diversify your portfolio to de-risk. Do not put more than 33% of your investible funds in stocks or mutual funds. Do not invest in stocks, mutual funds or realty when their prices are quite high. From the high levels, these prices normally come down by about 40-50% and that is when many people lose their hard earned money in a big way.

Make sure that you are not one of those big losers. Make sure that you invest when prices are low and divest when prices are high. Please note that 2009 is going to be a great year for investing your money in stocks, mutual funds & realty in India.

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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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Posted by NRI.NewsIndia at 11:02 PM

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