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Headline News
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Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 126 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Pak concedes India has got proof against Pak nationals
- Retail food industry to grow by 400%
- Wary TCS steps up due diligence on IT contracts
- L&T inks pact with US co for nuclear power reactors
- Nissan to make some of its best-selling cars here
- IcySpicy: Shilpa’s Kerala connection
- Graffiti: John to propose to Jennifer Aniston on her birthday
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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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Pak concedes India has got proof against Pak nationals
Giving into international pressure to "cooperate" with the investigation into the Mumbai terror attacks, Pakistan acknowledged on Saturday India's 26/11 dossier has "proof" of involvement of the complicity of Pakistani elements.
The first-ever admission that India had proof came from Pakistan's interior ministry chief Rehman Malik who said that the newly-appointed probe panel has been asked to complete the task in 10 days.
http://timesofindia.indiatimes.com/Finally_Pak_concedes_India_has_got_proof/articleshow/3994542.cms
Retail food industry to grow by 400%
The Indian food retail industry is expected to grow by over 400 per cent in the next five years and share of global trade in the sector has been projected to double by 2015, a government official said.
"Food in grocery sector is about $154 billion, which is 77 per cent of total retail sales... two-third of the food is in retail grocery, and the organised Indian food retail is just three per cent at $7 billion, which is expected to grow by 400 per cent in next five years," Ministry of Food Processing Joint Secretary Ajit Kumar said.
Etisalat in talks to share RCom’s mobile towers (TOI,Mum,17Jan09,Pg21)
UAE-based telecom company Etisalat is in talks with Reliance Communications (RCom) for sharing its passive infrastructure.
Etisalat owns 45% stake in Swan Telecom, which recently won a licence for starting telecom operations in the country.
For news in detail, visit The Times of India ePaper
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Wary TCS steps up due diligence on IT contracts (ET,Mum,17Jan09,Pg1)
Tata Consultancy Services (TCS) has stepped up its due diligence on IT contracts in the wake of growing financial troubles and bankruptcies among global firms.
L&T inks pact with US co (ET,Mum,17Jan09,Pg1)
Larsen & Toubro, the country’s largest engineering company, on Friday signed a memorandum of understanding with US-based nuclear power firm Westinghouse Electric Company to manufacture modular nuclear power reactors.
Nissan to make some of its best-selling cars here (ET,Mum,17Jan09,Pg5)
TOKYO: Nissan Motor will shift production of some of its top-selling compact cars to India, Thailand and other nations, the company said on Friday.
The Nissan March model and its counterpart, the Micra, for French alliance partner Renault, are now produced in Japan and Great Britain. Starting in 2010, the model will be produced in India, Thailand and three other nations, company spokeswoman Kana Minamidate said.
For news in detail, visit The Economic Times ePaper
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IcySpicy
Shilpa’s Kerala connection (BT,Mum,17Jan09,Pg42)
Kerala may not be her hometown, but Shilpa Shetty just loves the place. The damsel has just returned to good ol’ Mumbai after a refreshing vacation, and as soon as she empties her travel bag, it’s going to be time to pack all over again.
Shilpa is headed to Kerala — not for another vacation — but for her Indo-Chinese venture, Desire. Of course reports mentioned that Shilpa would be shaving off her hair et al for this motion picture.
Talk about bald…oops bold babes, we mean! However, the Shetty girl got all emotional when we got chatting with her about Kerala. “I love that place. I shot my Yoga DVD there. The locales are so picturesque and the Ayurvedic massages are therapeutic.”
Now, after calling London her second home, let’s hope she doesn’t go hammer and tongs calling Kerala her third!
For news in detail, do visit Bombay Times ePaper
Graffiti
John to propose to Jen on her birthday (BT,Mum,17Jan09,Pg1)
John Mayer will propose to Jennifer Aniston on her birthday. The ‘Gravity’ singer is planning to ask the Friends actress to marry him when she turns 40 on February 11, and has even invested in a custom-made engagement ring for her.
He said: “I think I’d be pretty good at proposing.” A source told an American magazine: “John didn’t want to buy something that anyone else had, so he sketched it and is having it custom-made.” John, who has had an on-off relationship with the brunette beauty, is determined to make the proposal as special as possible.
The couple had split briefly last summer but reunited in October, prompting Jennifer to tell John she wanted to marry.
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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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