From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 140 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- BJP sells Advani via Pak media
- Wal-Mart may award $500-m BPO contract
- Subhiksha stores to stay shut
- Indian civil engineer dies in UAE police custody
- IcySpicy: ASH & TYRA BANKS PAINT NY PINK!
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SENSEX: 9,618.5 DOWN 54.6 % from 52-wk high
FOREX-Rs: USD 48.80 / EUR 62.88 / GBP 70.75
2009 - A Great Year For Investments In India
Do read Investment Advice for long-term investors in this issue.
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BJP sells Advani via Pak media (TOI,Mum,11Feb09,Pg1)
A Pakistani website is a rather unusual place to find an advertisement of BJP leader L K Advani campaigning for the forthcoming Lok Sabha polls. But there he is in the online edition of Dawn, Pakistan’s premier English newspaper, with the slogan: ‘Advani for PM’.
The BJP is hard-selling the 81-year-old Advani all over the web. About 2,000 sites frequented by India’s net-users have been identified by the BJP’s crack IT team. Several foreign media sites, including the Washington Post, The New York Times and the UK’s Guardian online, have been selected. Apart from Dawn, the Pakistani newspaper The Nation and website Paktribune also carry the ads.
These ads are not targeted at NRIs. It’s a form of newmedia target selling where only those logging in from India can view the promos.
Indian civil engineer dies in UAE police custody (TOI,Mum,11Feb09,Pg11)
A 40-year-old Indian civil engineer died in police custody in Ajman, one of the seven emirates comprising the UAE, on January 25, sources close to the family in the UAE said.
Sanjay Naik, hailing from Karnataka’s Karwar, was called to the Hamidiya police station after his landlord lodged a complaint that he had failed to pay rent for three months, the sources said.
His wife, Sheetal, visited the police station when Sanjay did not return. “She went to the police station and found him shivering and unable even to stand,’’ said a family friend.
Sheetal went to the police station on the next day and later got a call from the police that Sanjay had died and asked her to go to a hospital in Ajman. The police told the family that Sanjay was under the influence of alcohol and had repeatedly banged his head against the wall and had died of internal injuries.
For news in detail, visit The Times of India ePaper
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Wal-Mart may award $500-m BPO contract (ET,Mum,11Feb09,Pg1)
Wal-Mart is evaluating a business process outsourcing contract worth around $300 million to $500 million, as it seeks to outsource non-core processes of procurement, merchandising, finance, accounting and payroll. IBM, TCS, WNS and Wipro are currently exploring this opportunity.
Subhiksha stores to stay shut (ET,Mum,11Feb09,Pg1)
Debt-ridden Subhiksha’s 1,600 stores will be non-operational at least till May this year. The beleaguered retailer has been unable to raise enough funds for operating expenses, including wages.
For news in detail, visit The Economic Times ePaper
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IcySpicy
ASH & TYRA PAINT NY PINK! (BT,Mum,11Feb09,Pg1)
THE TWO BEAUTIES HIT IT OFF INSTANTLY AND HAVE BECOME CLOSE...
Guess who’s Aishwarya Rai Bachchan’s new friend? The American model, TV hostess, actress, singer and businesswoman Tyra Banks. The two beauties discovered kindred souls in each other the moment Ash went onto The Tyra Banks Show in New York after the premiere of Pink Panther 2 on February 2.
They hit it off from the word go. And, after the show, Tyra invited Ash for lunch. The twosome went to a downtown restaurant and talked like there was no tomorrow. They decided to stay in touch thereafter.
Something else that Ash did in NY that was not in character was the way she dressed for the premiere and pink carpet — yes, in the Big Apple, they don’t do a red carpet. Giving up her trademark saree, she opted for a black Ferretti designer gown worn with Jimmy Choo diamond-strapped shoes and an Armani clutchpurse.
She explained, “I love the saree and if people think of me as the global representative of the beautiful apparel then I’m happy. But I also like to surprise myself and others. Just like doing the hot babe act in Dhoom 2 and the Rajput princess in Jodhaa-Akbar. Both the avatars are me. And I’m equally comfortable in a gown.”
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 0.3 % today.
SENSEX: 9,618.5 (-0.3%) NIFTY: 2,925.7 (-0.3%)
DOWN..54.6 % from 21,206.77 the 52-week high of SENSEX
UP...........25.0 % 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.
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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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