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From
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Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 117 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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THIS ISSUE IS AT A PRICE,
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Headline News in this issue:
- J&K's youngest CM sworn in
- ‘Attack was God’s wish’
- BA eyes 25% stake in Wadia’s GOAIR
- India, US ink $2.1 bn defence deal
- Mobile No portability likely by June
- Infosys, Wipro get terror e-mails
- IcySpicy: Boston’s next on Bollywood stop
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SENSEX: 10,275.6 DOWN 51.5 % from 52-wk high
FOREX-Rs: USD 48.36 / EUR 67.17 / GBP 69.99
Do read Investment Advice for long-term investors in this issue.
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NRI.NewsIndia
Keeps me updated on India
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Omar Abdullah sworn in as J&K CM
JAMMU: National Conference chief Omar Abdullah, 38, was on Monday sworn in as the 11th chief minister of Jammu and Kashmir at a simple ceremony here, bringing in a generational shift in the state politics. He is the youngest chief minister of the state till now.
It’s Mission Kashmir, Kasab told (TOI,Mum,05Jan09,Pg1)
Trainers informed 10 terrorists of Mumbai ops only during last stage
The terrorists who took part in the 26/11 attack on Mumbai were motivated and brainwashed by their handlers into believing they were fighting for the liberation of Kashmir.
Sources in the security establishment told TOI that the ten men behind the deadly terrorist strike were told that they were picked for a mission in Kashmir; there was no mention about the real target until the last stage of the operation was set in motion.
‘ATTACK WAS GOD’S WISH’
The arrested terrorist Kasab said whatever had happened was ‘fated’. Kasab believes his trainers were sent by god and that he would go to heaven for his actions.
India, US ink $2.1 bn defence deal (TOI,Mum,05Jan09,Pg1)
The government has inked a $2.1 billion contract for eight Boeing P-8I long range spy planes for the navy with the US on January 1. This is India’s biggest ever defence deal with the US.
Mobile No portability likely by June (TOI,Mum,05Jan09,Pg23)
Working towards meeting timeline of June 2009, department of telecom will shortly issue clarifications to the bidders on the mobile number portability (MNP) norms, after which it will start accepting applications from the prospective firms to act as agencies for porting numbers.
For news in detail, visit The Times of India ePaper
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BA EYES 25% STAKE IN WADIAS’ GOAIR (ET,Mum,05Jan09,Pg1)
British Airways is in talks to pick up 25% stake in Wadia Group’s no-frills airline GoAir. Officials from BA and GoAir will meet next month in London.
Infosys, Wipro get terror e-mails (ET,Mum,05Jan09,Pg2)
BANGALORE: Six prominent IT companies in Bangalore, including Infosys and Wipro, have received e-mails threatening to blow up their buildings, a top police officer said here on Sunday.
For news in detail, visit The Economic Times ePaper
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IcySpicy
Boston’s next on Bollywood stop (BT,Mum,05Jan09,Pg1)
John Abraham invited by Massachusetts governor to shoot new love story there
Never mind New York and LA, the place for Bollywood to shop for its next sets is Boston. Yes, that’s where John Abraham has been invited to shoot his new film 1-800-Love by Governor Deval Patrick of Massachusetts, the first African-American to hold that office in US.
The film’s co-producer, Madhu Mantena of Ghajini fame, confirmed Patrick’s invitation and said, “No Bollywood film has been shot in Boston before.”
Fellow producers of 1-800-Love include John himself, director Abbas Tyrewala, music composer A R Rahman and director of photography Manoj Lobo. The idea behind the formation of this production team being to “build a sense of ownership within the film”.
According to Madhu, “Filmmaking doesn’t work today unless all the major talent has a stake. It’s the only way to build trust within the project. So all of us go into the Boston project as partners.” He’s not admitting it, but the story is that Aamir Khan had a considerable stake in Ghajini and now it’s John.
Madhu said, however, that he intends making all his leading men his business partners in future projects. The team shoots in Boston from May to July for 1-800-Love which stars Abbas Tyrewala’s wife Pakhi opposite John in an intense love story. “Every single shot will be taken in Boston. It will be expensive. The dollar has gone up. So I’m a little scared,” said Madhu who is happy, though, raking in the moolah Ghajini generated for him.
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 3.2 % today.
SENSEX: 10,275.6 (+3.2%) NIFTY: 3,121.5 (+2.5%)
DOWN..51.5 % from 21,26.77 the 52-week high of SENSEX
UP...........19.9 % 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. You will therefore find that our advices do not change substantially from issue to issue. Investors typically invest with 12-60 month investment perspective.
We expect the Sensex to go up by about thousand points in the next couple of weeks. However, we expect it to come down to 7000-8000 level in 2009.
Some of you may like to book profit or exit some stocks in the next couple of weeks as the market is expected to fall substantially in a couple of months.
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.
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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