Monday, January 19, 2009

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Tina.Soha.Sharmila.

Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 127 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • L&T stakes claim, says it has a plan to save Satyam
  • Obama's choice for CTO narrows to 2 India-born techies
  • Bahrain’s Batelco buys S-Tel’s 49% stake
  • First carbon-free state in India
  • After DTH, Airtel to soon launch IPTV
  • IcySpicy: Mumbai turns out in full glory for the Marathon
  • Graffiti: Katy Perry gets award by mistake

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SENSEX: 9,329.6 DOWN 56.0 % from 52-wk high

FOREX-Rs: USD 48.57 / EUR 64.76 / GBP 72.10

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

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Obama's choice for CTO narrows to 2 India-born techies

Two Indian-born technology executives are the leading candidates for the incoming Obama Administration's newly created position of federal chief technology officer, according to two sources with knowledge of the situation.

They are Padmasree Warrior, the chief technology officer of Silicon Valley networking giant Cisco Systems (CSCO), and Vivek Kundra, who holds the same title in the government of Washington, D.C., the sources say.

http://economictimes.indiatimes.com/Obamas_choice_for_CTO_narrows_to_India-born_techies/articleshow/4000944.cms

Satyam funds diverted, says govt (TOI,Mum,19Jan08,Pg1)

The Centre on Sunday said that there appeared to be a ‘diversion’ of funds from Satyam Computers.

Meanwhile, the Andhra CID on Sunday took former Satyam bosses B Ramalinga Raju, Rama Raju and Vadlamani Srinivas into custody from Chanchalguda prison and launched a thorough interrogation of the trio.

Batelco buys S-Tel’s 49% stake (TOI,Mum,19Jan08,Pg1)

Bahrain’s Batelco has signed a deal to buy 49% stake in Chennai-based S-Tel for $225 million, in a move to expand its footprint in India.

First carbon-free state in India (TOI,Mum,19Jan08,Pg1)

Himachal Pradesh is all set to become the country’s first and the world’s second carbon-free state.

For news in detail, visit The Times of India ePaper

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L&T stakes claim, says it has a plan to save Satyam (ET,Mum,19Jan08,Pg1)

ENGINEERING major Larsen & Toubro (L&T) continues to be interested in acquiring Satyam Computer Services.

L&T’s chairman AM Naik told ET that L&T, which is one of the largest shareholders of Satyam, is not interested in being a spectator in the ongoing saga.

Mr Naik also expressed his opposition to any IT company taking over the troubled Hyderabad-based company, citing conflict of interest.

The company, which owns 4% in Satyam, is believed to have approached top government officials, saying it has an action plan to save the software major.

Persons familiar with the matter said Mr Naik has sought an appointment with Prime Minister Manmohan Singh to drive home the point that the engineering company is best suited to take over Satyam, provided the government took care of Satyam’s liabilities.

After DTH, Airtel to soon launch IPTV (ET,Mum,19Jan08,Pg5)

BHARTI Airtel, the country’s largest cellular operator, will soon become the first private sector company to launch Internet Protocol Television (IPTV) services in India.

The company is expected to make on announcement on its IPTV plans this week.

This follows the recent launch of its direct-to-home (DTH) services in the country. IPTV and DTH services are separate technologies to deliver television content into the consumer’s home.

For news in detail, visit The Economic Times ePaper

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IcySpicy

Mumbai turns out in full glory for the Marathon (BT,Mum,19Jan09,Pg1)

Yesterday, Mumbai got its feet moving. The city did something it would normally never do on a Sunday morning. It woke up at the crack of dawn, donned racing gear, slipped into running shoes and hit the road.

The Standard Chartered Mumbai Marathon, a quarter of what is known as The Greatest Race on Earth, does that to us each year in January.

And so, a gracious sunrise dawned on a city still healing from the wounds of the terror attack. And then, to the beat of a few lakh hearts pumping with the thrill of what lay ahead, the 21.097 km-long Half Marathon got underway at around 6.45 am.

While people like Anil Ambani, Gul Panag, Vidya Balan, Anand Mahindra and Anil Kumble added dash and verve to the flag-off, others like the Sachin Tendulkar lookalike bounded off ahead of the others.

The more experienced Africans chose to be more prosaic with their energy expenditure by using measured steps. They’d need it for later. An hour later, the grueling 42.195 km Full Marathon was flagged off, the main race of the day.

And in between that and the Dream Run, were the Senior Citizens’ Run and the Wheelchair Event which had their share of admirers as well.

Take, for instance, a troupe dressed as a pantheon of Hindu gods. Or the man who braved the heat to don a giant rubber dinosaur outfit.

One team that sported a giant contraceptive urged people to practice safe sex, while another proclaimed: ‘If you don’t wear it, forget it!’

Many chose to lash out at terrorism. A mock-Army man gleefully punched a stuffed effigy of terrorist Ajmal Amir Kasab, much to the cheering of onlookers.

A boxer and a karateka sparred for the cameras while a young mom pushed along her tot in a pram. The baby, no doubt, being the youngest participant in the event!

And speaking of age, one 86-year-old man braved the morning sun with an umbrella that proclaimed his age.

Shivaji and a few Mughal emperors too made their royal presence felt.

Among the known faces was actor and model Bikram Saluja who said, “I jog 6 kilometres twice or thrice a week. A month or so before the race, I upped that to 15 kilometres on an inclined treadmill.”

Soha Ali Khan looked around anxiously for her mother. A little later, John Abraham who was perched on the podium, talked about the positive vibe and energy of the entire event.

This, while a group from Kutch walked past in full regalia giving great competition in the fancy dress department to the dabbawallas and the Koli fisher folk.

Side-by-side with the ‘serious’ aspect of the Marathon, this was a carnival of the senses.

In the end, along with the sighs of contentment heaved by those who crossed the finish line, Mumbai too, seemed to breathe a whiff of fresh air.

For news in detail, do visit Bombay Times ePaper

Graffiti

Katy Perry gets award by mistake (TOI,Mum,19Jan08,Pg18)

Katy Perry has been wrongly handed the trophy for best international song at the NRJ Awards in Cannes.

The American singer collected one of the main prizes at France’s main music award ceremony thinking she had won—but it was intended for Rihanna for Disturbia.

Host Nikos Aliagas admitted the error and apologized at the end of the show.

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END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex went up by 0.1 % today.

SENSEX: 9,329.6 (+0.1%) NIFTY: 2,846.2 (+0.6%)

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

UP...........8.9 % 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 11:17 PM

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