Wednesday, February 18, 2009












Headline News

From

Emerging India

..................................................................
Hand-picked News For Busy NRIs & PIOs
Issue No. 142 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
..................................................................

Click & View Google ADs

ON THIS PAGE NOW >>>

TO SUPPORT THIS PUBLICATION
..................................................................
Headline News in this issue:

  • Pashmina goat to be cloned in India
  • Azim Premji Co Moves HC Against Subhiksha
  • Telecom - 3G auction likely by March-end
  • Satyam calls back 1500 overseas staffers
  • Rupee dips to a 2-Month low of 49.80 per USD
  • IcySpicy: ‘I pray for a miracle for Jade Goody...’
    ...says Shilpa Shetty

..................................................................

SENSEX: 9,015.2 DOWN 57.5 % from 52-wk high

FOREX-Rs: USD 49.80 / EUR 62.69 / GBP 70.89

2009 - Is A Great Year For Investments In India

Do read Investment Advice for long-term investors in this issue.

..................................................................

..................................................................

Now, Pashmina goat to be cloned (TOI,Mum,18Feb09,Pg1)

Scientists from Karnal’s National Dairy Research Institute and Jammu’s Shere-Kashmir University of Agricultural Sciences and Technology are set to begin work on cloning the Pashmina goat. The same technology that was used to clone the world’s first buffalo will be used.

Fresh trouble for Subhiksha (TOI,Mum,18Feb09,Pg23)
Premji Co Moves HC Against Retail Chain’s Merger Plan With Blue Green

Discount chain Subhiksha Trading Services is facing more trouble. One of its shareholders, Premji Invest, which has a 10% stake in the company has moved the Madras high court, opposing the proposed merger between Subhiksha and Chennai-based Blue Green Construction and Investments.

The grounds for Premji Invests’ opposition to the merger is not known. Prakash Parthasarathy, CEO of Premji Invest, said, “We confirm the filing of the petition against the chain. However, we do not want to comment further.’’

For news in detail, visit The Times of India ePaper

..................................................................

NRI.NewsIndia Reader

I am completely Indian at heart

..................................................................

Telecom - 3G auction likely by March-end (ET,Mum,18Feb09,Pg1)

In an apparent contradiction with the finance ministry, telecom minister A Raja on Tuesday said it is possible to hold the auctions for the third generation (3G) spectrum by March 31.

3G spectrum is vital for telcos to offer highend services such as video conferencing on mobile, ultra-fast internet and interactive gaming, among others.

Satyam calls back overseas staffers (ET,Mum,18Feb09,Pg1)

SATYAM HAS CALLED back over 1,500 overseas employees. These employees were attached to projects that are being shut down due to termination of contract by clients, said an executive who asked not to be named. The first batch of 170 employees who were attached to US insurer State Farm Insurance has already returned to the Satyam headquarters in Hyderabad.

RUPEE DIPS TO A 2-MTH LOW OF 49.80 (ET,Mum,18Feb09,Pg1)

The rupee tumbled to a two-month low of 49.80. A stronger dollar in global currency markets, active in the offshore non-deliverable forwards market, and a downswing in Asian stocks precipitated the fall.

Outsourcing helps BA cut IT expenditure by nearly half (ET,Mum,18Feb09,Pg20)

BRITISH Airways, the third-biggest European airline, was able to reduce its cost of managing information technology systems by nearly half and increase its operational productivity by around 25% over the past three years by outsourcing application development, maintenance and other projects to Indian vendors such as TCS and NIIT Technologies, apart from other outsourcing partners.

For news in detail, visit The Economic Times ePaper

..................................................................

INTERESTING VIDEOs

CLICK ON THIS LINK:

Watch the latest videos on YouTube.com

.................................................................

IcySpicy

‘I pray for a miracle for Jade Goody...’ (BT,Mum,18Feb09,Pg1)
...says Shilpa Shetty who has been invited for wedding and funeral of her former competitor and tormentor

It’s ironic that Jade Goody, who earned worldwide notoriety for being rude and racist towards our Shilpa Shetty when they were competitors on the UK reality show Celebrity Big Brother, should invite the Bollywood actress for the last two reality shows she will ever be involved in.

These are Jade’s wedding this Sunday in London reportedly at Sir Elton John’s home; and, her funeral! Yes, Jade has little time left. The cervical cancer that she discovered when in Mumbai to participate in the Bigg Boss show, has spread and almost consumed the young woman’s life.

In the few days that she has, Jade intends to get married and then orchestrate the rites of her own funeral. It sounds macabre, true, but she’s doing it to raise enough money for the future welfare of her sons Bobbie (5) and Freddie (4).

Shilpa, whose own life changed after that incident, is in a way beholden to Jade. Not only did she go on to win global sympathy (and the show) for Jade’s taunts, but Shilpa’s career in Bollywood too picked up; and, the icing on the cake, she met the love of her life — Raj Kundra, whom she intends to marry, because of Jade and the Celebrity Big Brother show.

Now all of Shilpa’s finer emotions have come to the fore. She has no ill-feelings, no malice, towards Jade. Only heartfelt sympathy. Shilpa told BT yesterday, “I knew she was suffering from a terminally ill disease but I thought she’ll be cured. When I learned that she’s got just a couple of months to live, I was shocked. I just hope a miracle takes place... at least for her children’s sake.”

Jade did try to make amends with the Bollywood hottie when she travelled to Mumbai last year. Shilpa, who hosted the Indian version of the popular UK reality show, and who is shaken by the news of her former foe’s terminal illness, said, “I have forgiven and forgotten all that and have asked everyone else to do the same. We kept in touch and called each other up some time. We were just getting to know each other and this happened! Nobody deserves to go through this pain. Nobody...”

Sadly, Shilpa is busy with the IPL when this crisis has taken over Jade’s life, but she intends meeting Jade in London where she will be shooting for Sunny Deol’s The Man soon.

“When I spoke to her on Sunday, she sounded strong and invited me for her marriage to her 21-year-old fiancé Jack Tweed,” said Shilpa. “I don’t know if I will be able to attend that but I am meeting her for sure.”

Jade is apparently selling the media rights of her wedding to a television channel to create funds for her two sons after her death.

“After our chit-chat, she casually invited me for her funeral saying that I’ll be informed through Max Clifford, our common publicist. It’s so heart wrenching,” added Shilpa. “Imagine accepting the fact of death with a smile. I want to reach out to her but I feel so helpless knowing that all my efforts will be in vain. I have been praying for her and her kids.”

For news in detail, do visit Bombay Times ePaper

..................................................................

END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex came down by 0.2 % today.

SENSEX: 9,015.2 (-0.2%) NIFTY: 2,776.2 (-0.2%)

DOWN..57.5 % from 21,206.77 the 52-week high of SENSEX

UP...........17.1 % 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.

.................................................................

NRI.SearchIndia
NOBODY can Search India better than this search engine



Posted by NRI.NewsIndia at 11:11 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)