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From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 135 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- India beat Sri Lanka by 15 runs
- Sania's Golden Chance - Aus Open
- Bhupathi's Slam Dunk - Aus Open
- L&T reports three-fold surge in profit
- Tata Motors posts quarterly loss after 7 yrs
- Motorola fires 500 people from mobile team in India
- BSNL looks to emulate British Telecom revamp
- IcySpicy: ‘Let me light up lives’ says Preity Zinta
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SENSEX: 9,424.2 DOWN 55.6 % from 52-wk high
FOREX-Rs: USD 49.02 / EUR 63.18 / GBP 69.70
2009 - A Great Year For Investments In India
Do read Investment Advice for long-term investors in this issue.
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India beat Sri Lanka by 15 runs
Ishant Sharma picked up a fine four-wicket haul to guide India to a 15-run victory over Sri Lanka in a keenly-contested second One-Day International in Colombo on Saturday.
Ishant was duly rewarded with the man of the match award for his outstanding performance. India now lead the five match ODI series 2-0.
http://cricket.timesofindia.indiatimes.com/articleshow/4056977.cms
BHUPATHI’S SLAM DUNK (TOI,Mum,31Jan09,Pg1)
Mahesh Bhupathi will achieve a Career Slam—a title at all four Slams—if he wins the men’s doubles in Australian Open. He has won two French Opens and one Wimbledon with Leander Paes, and one US Open with Max Mirnyi.
Bhupathi, also in the mixed doubles final with Sania Mirza, has won six mixed doubles Slam titles with various partners.
SANIA’S GOLDEN CHANCE (TOI,Mum,31Jan09,Pg1)
Sania Mirza has a shot at winning her first Grand Slam title. Last year, she and Bhupathi lost to Nathalie Dechy and Andy Ram in the Aus Open final.
Tata Motors posts quarterly loss after 7 yrs (TOI,Mum,31Jan09,Pg17)
Notional foreign exchange loss and a severe contraction in demand for commercial vehicles have dragged Tata Motors in the red once again after 2001-02.
The country’s largest auto maker recorded a loss of Rs 263 crore during the third quarter of 2008-09 largely on account of notional exchange loss of Rs 226 crore on revaluation of foreign currency borrowings, deposits and loans given. In the year ago period, its net profit was Rs 499 crore and had a forex gain of Rs 27 crore.
L&T reports three-fold surge in profit (TOI,Mum,31Jan09,Pg17)
Riding high on a stellar Q3 show, Larsen & Toubro (L&T) on Friday said it was expecting to register a 25-30% growth in sales and inflate order book by 15-20% in 2009-10.
“We expect 25-30% growth in sales in the immediate year. There will be some correction on the order book. However, we shall be able to grow to a healthy level and will be very happy with a 15-20% growth in order book,” L%T executive vice president (finance) R Shankar Raman said.
Including an extraordinary gain of Rs 916 crore on hiving off its ready-mix concrete business to Lafarge, L&T reported a three-fold surge in profit after tax at Rs 1,520.44 crore for the third quarter as against Rs 481.79 crore in the December quarter of FY’08.
Excluding the extraordinary gain, the growth in pat, however, came down to 25% at Rs 604 crore. The total income of the company during the quarter rose 35% to rs 8,615.59 crore during the third quarter of the current fiscal, from Rs 6,387.99 crore in the same period last fiscal.
Motorola fires 500 people from mobile handset development team in India (TOI,Mum,31Jan09,Pg18)
Bangalore: Motorola has fired over 500 developers from its handset development (Motorola India Electronics) centres in Bangalore and Hyderabad. It comprises of around 300 employees on rolls plus over 200 contract staff and the centres are left with around 300 people.
For news in detail, visit The Times of India ePaper
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BSNL looks to emulate British Telecom revamp
India is looking at replicating British Telecom’s (BT) ‘functional separation’ model for restructuring state-owned telco BSNL and enabling it to compete effectively with private operators.
For news in detail, visit The Economic Times ePaper
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IcySpicy
‘LET ME LIGHT UP LIVES’ (BT,Mum,31Jan09,Pg1)
...says Preity Zinta who has birthday gifts to share
It’s Bollywood cutie Preity Zinta’s birthday today. But you needn’t worry about a present. For, the bubbly, 34-year-old actress has got a bagful of gifts that she wants to distribute after a “small get-together with friends”.
Talking to BT yesterday, Preity said, “I want to do something more meaningful. I feel like it’s my new beginning and I want to do something completely different. I’m going to be a part of this campaign called Light a Billion Lights where you sponsor electricity to a complete village which works on solar technology. That is something I’m going to do.”
Then, Preity also intends to sponsor the education of underprivileged children. “I feel the only difference between a rich and a poor kid is that the former has the resources to get proper education whereas the poor kid doesn’t. I feel if a poor kid is given the same, he will do much better than the rich kid,” said the actress who is hell-bent on making a difference in whatever capacity that she can.
“God has given me so much so now I feel it’s my turn to give back,” explained Preity.
And what will she gift herself today? “I was thinking of buying myself a luxury car but then everytime I drive on bumpy Mumbai’s roads, I get disappointed and change my mind!”
But if there is one wish she has for herself this year, then Preity wants her IPL team to lift the trophy this year. “It has these little diamonds on it and diamonds are a girl’s best friend — so you know what I mean, don’t you,” smiled the pert actress saucily.
For news in detail, do visit Bombay Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 2.0 % today.
SENSEX: 9,424.2 (+2.0%) NIFTY: 2,874.8 (+1.8%)
DOWN..55.6 % from 21,206.77 the 52-week high of SENSEX
UP...........22.4 % 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.
Click here to display NSE CNX NIFTY Chart
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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