

Headline News
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Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 128 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- YSR gave Raju 50 acres for SEZ
- Jharkhand under Prez rule
- M&M chief to co-chair WEF meet at Davos
- M&M enters retailing with Mom & Me stores
- UK may shut its doors on foreign professionals
- IcySpicy: ‘I don’t regret turning down Slumdog...’ says Shah Rukh Khan
- Graffiti: Bips is bored of looking sexy
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SENSEX: 9,100.6 DOWN 57.1 % from 52-wk high
FOREX-Rs: USD 48.95 / EUR 63.63 / GBP 69.79
Do read Investment Advice for long-term investors in this issue.
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Jharkhand under Prez rule (TOI,Mum,20Jan09,Pg1)
Jharkhand came under President’s rule for the first time on Monday, ending the political uncertainty in the state. The state assembly was placed under suspended animation.
YSR gave Raju 50 acres for SEZ (TOI,Mum,20Jan09,Pg1)
Vizag Largesse Belies AP CM’s ‘No Favours’ Claim
On a day when Andhra Pradesh chief minister Y S Rajasekhara Reddy denied in New Delhi that his state government had accorded any political patronage to the disgraced former chairman of Satyam, B Ramalinga Raju, a government order (GO) has revealed that 50 acres of land were allotted to Satyam in Visakhapatnam for developing an IT SEZ on the specific “instructions of the honourable CM’’.
M&M chief to co-chair WEF meet at Davos (TOI,Mum,20Jan09,Pg17)
A n a n d Mahindra, vice chairman & managing director, Mahindra group, will co-chair the forthcoming World Economic Forum’s annual meeting in Davos, Switzerland, scheduled later this month.
Mahindra will join global leaders like Kofi Annan, the former UN Secretary-General and media moghul Rupert Murdoch as a co-chair at the Alpine resort where over 1,200 delegates from around the world will converge to discuss the shape of the world economy that’s in the shadow of a recession.
Speaking to TOI, Mahindra said that the theme for this year’s WEF summit at Davos is ‘Shaping the Post-crisis World’.
For news in detail, visit The Times of India ePaper
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Overseas clients may cut IT budgets: TCS CFO (ET,Mum,20Jan09,Pg8)
It would be much leaner IT budgets this year from clients of IT services firms — a cut of somewhere between 5-20% — compared to 2008 due to the economic slowdown, Tata Consultancy Services’ (TCS) CFO said on Monday.
“Clients are cutting budgets, but I don’t think the demand for our services needs to come down. There will be more offshoring. It may affect revenues to some extent, but we have said we'd like to increase the extent of offshoring,” TCS ED and CFO S Mahalingam said.
UK may shut its doors on foreign professionals (ET,Mum,20Jan09,Pg19)
BRITAIN is planning to ban advertising jobs overseas due to economic meltdown, a process which could hit Indian professionals aspiring for employment opportunities in the UK. The government is mulling an idea to ensure that existing jobs go to British workers.
Indians are among the largest foreign professionals working in Britain.
M&M enters retailing with Mom & Me stores (ET,Mum,20Jan09,Pg22)
Opens Outlets In Ludhiana, Ahmedabad
AT A time when most retailers are holding back expansion plans, auto company Mahindra & Mahindra (M&M) has made a quiet foray into the retail sector with the soft launch of its specialty format Mom & Me to sell infant care and maternity products.
For news in detail, visit The Economic Times ePaper
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IcySpicy
‘I don’t regret turning down Slumdog...’ (BT,Mum,20Jan09,Pg1)
...says Shah Rukh Khan exclusively to BT about the role that went to Anil Kapoor
One week after the Golden Globes and Slumdog Millionaire, Shah Rukh Khan talks to BT about going to LA and walking on stage with lead actress Freida Pinto in hand to present Danny Boyle’s film on Mumbai with the prestigious award.
“It was a historic moment and I felt proud to be an Indian,” said the actor who was introduced as the King of Bollywood and who...yes, had rejected the role in the film that subsequently went to Anil Kapoor!
How different was the Golden Globes from our award shows? The people are very gracious and are genuinely happy for each other’s success. In India we go to such functions only to collect our own awards and sneak away. There people stayed back and shared the happiness in the get-together.
Were you intimidated by Hollywood’s biggies? No, I felt confident like always. Given a chance, I would have shown them some Bollywood pelvic movements!
What stopped you? I don’t know how they would have taken it, they are not familiar with our humour, it would have been a little out of place.
How are Hollywood’s A-listers? Usually I am very anti-social. But that night I was taken around and it was wonderful to meet everyone. People spoke very graciously about Bollywood. I am naturally shy of women, but when I saw Demi Moore, Kate Winslet, Drew Barrymore, Salma Hayek, Penelope Cruz and Jennifer Lopez, I must say... they are so beautiful!
I was introduced to Mark Antony and Dustin Hoffman, too. There was Beyonce and Gerard Butler whom I know from before. Emma Thompson, who I know since the last three years, blew me a flying kiss.
You regret not accepting the role that Anil Kapoor played? No. I know Danny felt bad about it. But he is such a good human being. And his love for India is something very special. After I saw the film, I thought Anil had done a fabulous job and deserves every bit of the success.
Other roles that you refused (Lagaan, Munnabhai MBBS and now 3 idiots) went on to make big news... There shouldn’t be any afterthought once a decision is made. Nobody could have done a better job than Sanjay Dutt in Munnabhai...
Yes, I was keen to do Lagaan, but Ashutosh and I didn’t get a producer at that time. I wasn’t into production then. And I didn’t do 3 Idiots which Aamir is doing now.
Looks like Aamir was destined to do both the roles. He is brilliant, no doubt. Everything isn’t made for me alone. God has given me enough, I’d better be happy and contented.
For news in detail, do visit Bombay Times ePaper
Graffiti
Bips is bored of looking sexy (BT,Mum,20Jan09,Pg32)
Bipasha Basu is known for her sex appeal and very few have been able to tap her acting talent.
The woman who has so far tried hard to break away from the ‘sexy’ tag by doing films like Apaharan, Omkara, Corporate and Goal but she is still working hard to change her image.
“I am bored of being looked upon as just hot. Not that I don’t like it. It’s a compliment but people somehow associate all my roles with the word sexy! If I play a teacher I am a sexy teacher, sexy cop, sexy housewife. I can’t help it. I am not trying to get rid of my image but it’s just that no matter what I do, these adjectives just don’t leave me!”
But we can’t help it either, Bips… jo hai so hai!
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex came down by 2.5 % today.
SENSEX: 9,100.6 (-2.5%) NIFTY: 2,796.6 (-1.7%)
DOWN..57.1 % from 21,26.77 the 52-week high of SENSEX
UP...........6.2 % 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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