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Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 133 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Lok Sabha polls between Apr 8-May 15
- IITs/IIMs are exempt from SC/ST quota for faculty
- Airtel to roll out 3G services soon
- Tata’s JLR may bag most of UK’s £2.3-B package
- 50m jobs may be lost by year-end
- IcySpicy: Shilpa’s new moves
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SENSEX: 9,236.3 DOWN 56.4 % from 52-wk high
FOREX-Rs: USD 48.88 / EUR 64.10 / GBP 69.05
Do read Investment Advice for long-term investors in this issue.
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Lok Sabha polls between Apr 8-May 15 (TOI,Mum,29Jan09,Pg1)
Official Announces Dates In London, Upsets EC’s Applecart
The next Lok Sabha elections will be more than a month-long affair, stretching from April 8 to May 15.
The time-frame was given away by one of the election commissioners, S Y Quraishi, in London. Even though the protocol-sensitive Election Commission tried to suggest that the dates had not been worked out, sources said the final date sheet may broadly conform to the schedule indicated by Quraishi.
IITs/IIMs are exempt from SC/ST quota for faculty (TOI,Mum,29Jan09,Pg1)
After resisting reservations for their faculty for more than a year, the IITs are likely to be exempted from it altogether.
At the meeting of the council of IITs on Wednesday, IIT directors were informed that the SCs and STs (Reservation in Posts and Services) Bill, 2008 had been passed in the Lok Sabha and awaited the Upper House’s nod. The legislation exempts 47 institutions, including the IITs/IIMs and other institutes of excellence, from quotas for their faculty.
50m jobs may be lost by year-end, warns ILO (TOI,Mum,29Jan09,Pg1)
Geneva: A day after US and European biggies like Pfizer, General Motors, Philips, Caterpillar, Home Depot and Sprint Nextel announced laying off a staggering 70,000 workers, the International Labour Organization warned that the global meltdown could leave over 50 million more people jobless by the end of 2009.
For news in detail, visit The Times of India ePaper
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Tata’s JLR MAY BAG MOST OF UK’S £2.3-B PACKAGE (ET,Mum,29Jan09,Pg1)
The Tata-owned Jaguar Land Rover (JLR) may get the lion’s share of the British government’s £2.3-billion aid package, according to people familiar with the development. JLR may corner around £1 billion, while the other big recipient is likely to be Vauxhall, General Motors’ British brand, which is also a big employer in the country.
Britain pledged on Tuesday to guarantee up to £2.3 billion in loans to help its ailing car industry, which suffered its sharpest fall in output in nearly 20 years last month.
Airtel to roll out 3G services soon (ET,Mum,29Jan09,Pg8)
India’s biggest mobile phone firm by customers Bharti Airtel will rollout its new network for offering third generation phone services (3G) within six to nine months of receiving radio spectrum from the government. Airtel will be competing with rivals — Vodafone Essar and Reliance Communications (RCOM) — for 3G radio spectrum to be auctioned by the government in March this year. 3G phone services will allow mobile users to download rich media content, including video and heavy audio files.
For news in detail, visit The Economic Times ePaper
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IcySpicy
Shilpa’s new moves (BT,Mum,29Jan09,Pg38)
Trust Shilpa Shetty to go that extra mile for her roles. And the latest on the Bollywood hottie is that she has just started learning Odissi dance for her role in the Indo-Chinese venture Desire.
A source close to the actress said, “Shilpa is enjoying learning the Indian dance form. Being a trained dancer, the intricate Odissi dance steps come to her very easily and Shilpa is really enjoying learning the art.”
The actress has been quite charged about the film, in which she plays a professional dancer. “Playing a dancer in a film has always been Shilpa’s dream and she’s maha-excited about this one,” added the source.
Seems like Desire has made the Shetty gal’s desire come true finally!
For news in detail, do visit Bombay Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex came down by 0.2 % today.
SENSEX: 9,236.3 (-0.2%) NIFTY: 2,824.0 (-0.9%)
DOWN..56.4 % from 21,206.77 the 52-week high of SENSEX
UP...........20.0 % from 7,697.39 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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