Headline News
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Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 129 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Bangalore next terror target: K’taka CM
- Obama appoints lawyer Preeta Bansal in key post
- TCS to help Ducati raise biz efficiency
- Kalyan Singh quits BJP
- Cigna puts Satyam on 3-month notice
- Essar, L&T interested in Satyam
- IcySpicy: ‘ARAAM SE, IS MY FAV EXPRESSION!’ says Danny Boyle
- Graffiti: Shahid’s all praise for Rani Mukerji
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SENSEX: 8,779.2 DOWN 58.6 % from 52-wk high
FOREX-Rs: USD 49.07 / EUR 63.78 / GBP 68.58
Do read Investment Advice for long-term investors in this issue.
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Obama appoints lawyer Preeta Bansal in key post (TOI,Mum,21Jan09,Pg1)
Washington: Indian-American lawyer Preeta Bansal has been appointed general counsel and senior policy advisor in the office of management and budget. The Harvard-educated Bansal, who was mentioned as a possible solicitor general, is currently partner at law firm Skadden, Arps, Slate, Meagher and Flom LLP in New York.
Considered to be part of Obama’s inner circle, Bansal (43) has also been a commissioner of the US Commission on International Religious Freedom, serving as chairperson from 2004-2005.
TCS to help Ducati raise biz efficiency (TOI,Mum,21Jan09,Pg21)
Tata Consultancy Services (TCS) has partnered with KPMG Advisory Italy for a multi-million dollar contract from Ducati Motor Holding to deliver technology-based services for several years that would help improve the Italian bike maker’s customer responsiveness and business efficiency.
Cigna puts Satyam on 3-month notice (TOI,Mum,21Jan09,Pg21)
Two days after State Farm Insurance terminated its contract with Satyam, US based health insurer Cigna Corp, one of the biggest Satyam clients, put the company on a three-month “notice’’.
This was widely interpreted by employees as a termination of the important contract.
Essar, L&T interested in Satyam (TOI,Mum,21Jan09,Pg1)
The beleaguered Satyam Computer Services Ltd seems to be finding some suitors. While infrastructure major Larsen and Toubro (L&T) has shown an interest in taking management control of the company, Essar’s BPO arm, Aegis, is reportedly keen on acquiring Satyam’s BPO business.
Bangalore next terror target: K’taka CM (TOI,Mum,21Jan09,Pg13)
Central intelligence has alerted Karnataka that Bangalore is the next target of terrorists after the Mumbai attack, CM B S Yeddyurappa said on Tuesday.
“We have received alert (from intelligence agencies) that Bangalore is the next target,” Yeddyurappa told the legislative assembly.
He said terrorists from Pakistan and Bangladesh were sneaking into Karnataka and other parts of the country through the coast.
For news in detail, visit The Times of India ePaper
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Kalyan Singh quits BJP (ET,Mum,21Jan09,Pg5)
Former chief minister of Uttar Pradesh and senior vice-president of BJP Kalyan Singh on Tuesday quit the party in protest against the “humiliation” meted out to him by the leadership.
Invest C$400,000 for 5 years & be a permanent Canadian resident
Canada's immigrant investor programme, under which applicants investing Canadian $400,000 for five years with the Canadian government are eligible for permanent residence, is being expanded as a source of foreign investment to tackle the economic downturn.
GM loses global sales crown to Toyota after 77 years
General Motors Corp reported an 11 percent drop in global sales in 2008, allowing rival Toyota Motor Corp to surpass it as the world's largest automaker for the first time.
GM, now struggling to restructure under a $13.4 billion US government bailout, had held the title as the global auto industry leader for 77 years and used the line in marketing.
For news in detail, visit The Economic Times ePaper
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IcySpicy
‘ARAAM SE, IS MY FAV EXPRESSION!’ (BT,Mum,21Jan09,Pg1)
... says Danny Boyle, as he along with Freida Pinto and Dev Patel get chatty exclusively with BT
“What do you call the space between two houses?” Dev Patel asks Freida Pinto, to which he himself replies, before she can get a word in, “Ali! Get it? Alley? Ali?” he goofs, to which Freida throws a playful punch at him, and he nearly falls into the swimming pool.
Dev’s not your everyday muscle bound hero, but it’s just what the doctor ordered for Danny Boyle, who was not, in his words, looking for the typical ‘hero-in-waiting’ for Slumdog Millionaire. A film that’s stirred up a real hornet’s nest among armchair critics about its portrayal of Mumbai.
The three of them are at the JW Marriott and in an “oasis of calm” as Boyle puts it. “Hornet’s nest?” he says, taking a bite out of an enormous muffin. “Terrible things happen in London and New York. There are slums all over the world. I’m aware that a lot of people have said a lot of nasty things about the film but the difference here is that there’s a great humanity in this film. Everybody loves the underdog. It’s a soft spot anyways for everybody. We all love the idea that a nobody can come right out of nowhere and make it. And of course, I loved doing it!”
For Freida, it’s a dream come true. “The six months of auditioning really helped me get into the actor mode. I’ve never acted before,” says this ex-Xavierite, continuing, “But the most challenging scene for me was the kitchen scene, where Danny told me that I have to say no with my words but say yes with my eyes to Dev’s character. That was a really tough thing to do, and I remember several times just getting frustrated with not getting the scene right.” But it all worked out quite okay in the end.
This is all quite a dream in a way for Dev, a kid from Harrow, UK. “When we were flying down to India together yesterday morning, we got upgraded to first class. And Dev was absolutely thrilled by that!” said Boyle, glancing at Patel, who was fiddling with getting the samosa knot of his tie the correct way.
“Yeah it’s a whole lot different; Danny would keep telling me to act in such a way that the audience would be able to follow every emotion I was trying to convey. The Taj Mahal sequence was the toughest for me. When I tried that scene the first time, I went all over-the-top, and overacted. But then Danny showed me how to control myself. And measure out my emotions,” says Dev.
That’s exactly what these three will have to be doing in real life as well, as for the duration of their stay in India, they’re going to have to deal with all sorts of questions about a film that has pretty much become the talk of the town.
Danny realises that there are probably a lot of people who have already seen the film. To which he says, “Hey, this is the Maximum City right? Aaram se is my favourite expression here. But you know what? India is probably one of the few places where the film industry makes stars out of directors as well. And one of the few places where the name of the director is displayed real big on the posters!” he laughs.
For news in detail, do visit Bombay Times ePaper
Graffiti
Shahid’s all praise for Rani Mukerji (BT,Mum,21Jan09,Pg36)
Rani Mukerji seems to have disappeared from the screens and the scenes. For those wondering what’s she up to these days, well, the actress is shooting round-the-clock, working hard as ever and continuing to impress her filmmakers and co-actors with her sincerity.
And the latest to be smitten by the Queen-bee is none other than Shahid Kapur, who is working with her on a project backed by Yash Chopra’s production house. And the actor can’t help, but praise this Bong babe to the hilt. “There’s so much to learn from her, what a performer,” says Shahid. Now this is the kind of pyaar Rani needs. Add to that thoda magic and we might just see her return to top rung.
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex came down by 3.5 % today.
SENSEX: 8,779.2 (-3.5%) NIFTY: 2,706.2 (-3.2%)
DOWN..58.6 % from 21,26.77 the 52-week high of SENSEX
UP...........2.5 % 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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