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Emerging India
Hand-picked News For Busy NRIs & PIOs
Issue No. 120 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:
- Arab states see Gujarat differently
- Parekh, Karnik join Satyam board
- NYSE may delist ADS
- Docs ‘switch off’ man’s life to remove tumour
- Angelina Jolie to quit films
- IcySpicy: KANGNA’S GOT A FAN IN HRITHIK?
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SENSEX: 9,406.5 DOWN 55.6 % from 52-wk high
FOREX-Rs: USD 48.99 / EUR 65.91 / GBP 74.42
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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Parekh, Karnik join Satyam board
The Central government on Sunday appointed three independent directors on the board the beleaguered Satyam Computer. The new independent directors are HDFC chairman Deepak Parekh, former Nasscom chairman Kiran Karnik and former Sebi member C Achutan, company affairs minister Premchand Gupta told reporters.
http://timesofindia.indiatimes.com/Parekh_Karnik_join_Satyam_board/articleshow/3963267.cms
Docs ‘switch off’ man’s life to remove tumour (TOI,Mum,11Jan09,Pg1)
Having every drop of blood sucked out of one’s body might sound like sci-fi. But that’s what happened to retired Portuguese judge Antonio Soaias, 77, who was rendered ‘clinically dead’ for 30 minutes for a very complex surgery at Bombay Hospital.
7 years after riots, Arab states see Guj differently (TOI,Mum,11Jan09,Pg7)
22 Islamic Countries To Attend Summit
Ahmedabad: Call it the seven-year itch. Those many years after the 2002 Gujarat riots, chief minister Narendra Modi is changing partners. And it is having effect, as the Muslim world too now sees the state in a new light. The fourth Vibrant Gujarat Global Investors’ Summit 2009, which will unfold on Monday, is drawing a huge participation from Islamic countries, as well as those which are predominantly Muslim.
This, even as the US and the European Union, continue to deny Modi a visa to visit their countries, on the grounds of alleged state complicity in the riots which killed over 1,000 Muslims.
Among those who have confirmed their participation is A S Vashishi, representative of League of Arab States. This 22-nation outfit includes members like Egypt, Iraq, Jordan, Lebanon, Saudi Arabia, Syria and Yemen. United Arab Emirates (UAE) send a business delegation from its National Investment Office, representing Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. There are also delegations from Malaysia, Maldives, Oman, Brunei, Iran and Indonesia on the list where participation has been confirmed.
Angelina Jolie to quit films (TOI,Mum,11Jan09,Pg11)
Angelina Jolie has sparked rumours that she may quit the films planning another long break from acting this year. The mother-ofsix stayed away from work in 2008 to prepare for the birth of her twins. She is now planning another long hiatus.
For news in detail, visit The Times of India ePaper
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NYSE may delist ADS (ET,Mum,11Jan09,Pg1)
SATYAM Computer’s American Depository Shares could face delisting at the New York Stock Exchange (NYSE). The NYSE halted trading in the ADS of Satyam since Wednesday.
BSE & NSE have already taken Satyam out of their stock indices. However, the stock is still being traded on these exchanges in India.
Retail action may shift to tier II & III cities (ET,Mum,11Jan09,Pg1)
New Delhi: Major retailers around the country, who had adopted a waitand-watch policy till sometime back in the hope of real estate prices coming down, are now back in action, report Raja Awasthi & Mansi Tiwari. While on one hand retail majors are pressing developers to go in for revenue sharing model along with providing other freebies, most said that action will now shift to the tier II & III cities.
For news in detail, visit The Economic Times ePaper
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IcySpicy
KANGNA’S GOT A FAN IN HRITHIK? (BT,Mum,11Jan09,Pg40)
Kangna Ranaut has already impressed one and all with her acting and fashion sense. However, we were taken aback when we were told that none other than Hrithik Roshan was all praises for Kangna’s ‘dancing’ abilities!
It was difficult for Kangna to believe it. “I don’t think I am a good dancer but for some strange reason, Hrithik feels that I dance very well,” she says excitedly. Now all those who thought that this petite beauty has two left feet can go bite the dust! Or was Hrithik just being his kind, gentlemanly self?
For news in detail, do visit Bombay Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex came down by 1.9 % today.
SENSEX: 9,406.5 (-1.9%) NIFTY: 2,873.0 (-1.6%)
DOWN..55.6 % from 21,26.77 the 52-week high of SENSEX
UP...........9.8 % 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 the Sensex to go up to some extent from the current level in the next couple of weeks. However, we expect it to come down to 7000-8000 level in the next few months.
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 few 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.
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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