Monday, February 23, 2009






Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 144 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • Oscar awards: A R Rahman wins 2 and Resul Pookutty wins 1, and Pinky wins 1
  • BSNL slashes mobile STD rate to 50 paise/min
  • BSNL launches 3G in Chennai
  • Satyam board sets acid test for bidders
  • IcySpicy: ‘I make good films even when I’m not in them’ Shahrukh Khan

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SENSEX: 8,843.2 DOWN 58.3 % from 52-wk high

FOREX-Rs: USD 49.96 / EUR 62.93 / GBP 71.08

2009 - Is A Great Year For Investments In India

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

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Oscar awards: A R Rahman wins 2 and Resul Pookutty wins 1
Eight Oscars for 'Slumdog Millionaire'

'Slumdog Millionaire' sweeps eight Oscars at the 81 st Academy Awards including Best Adapted Screenplay, Cinematography, Sound Mixing, Film Editing, Original Score, Original Song, Direction and Motion Picture.

Indian music maestro A R Rahman brings home two awards with his Jai Ho... composition.

THE OSCAR WINNERS...

Best Picture: Producer Christian Colson for Slumdog Millionaire. : “It has been collaboration between hundreds of people. All of us are here to share this moment. This was an extraordinary journey,” says the Slumdog... team.

Best Direction: Danny Boyle for Slumdog Millionaire

Best Original Song: A R Rahman and Gulzar for ‘Jai Ho...’ (Slumdog Millionarie) : The Indian music maestro, Rahman wooed the audience with ‘O Saya’ and ‘Jai Ho...’ the nominated songs from ‘Slumdog...’, as the nominees for Best Original Song were being announced.

Best Original Score: A R Rahman for Slumdog Millionaire . “I have nothing but my mother and she is there with me. I thank her for making me coming all this way with her blessings,” said a proud Rahman.

Best Film Editing: Chris Dickens for Slumdog Millionaire

Best Sound Mixing: Ian Tapp, Resul Pookutty and Richard Pryke for Slumdog Millionaire. “This is just not a sound award, but a history being handed over,” said Indian receiver Pookutty.

Best Cinematography: Anthony Dod Mantle for Slumdog Millionaire

Best Adapted Screenplay: Simon Beaufoy for Slumdog Millionaire. “The cast and crew of the film told me so much about India and writing,” said a proud Beaufoy.

Best Documentary Short Subject: Megan Mylan for Smile Pinki (Story of an Indian girl born with a cleft lip - short documentary feature category)

Best Actor in a Leading Role: Sean Penn for Milk.

Best Actress in a Leading Role: Kate Winslet for The Reader. Breathless Kate confessed experiencing the fainting feeling just like Penelope Cruz. She shouted onstage and waved at her father. She said, “I want to thank my family as they love me the way I am and lets me do what I want to.” By the time she finished her speech she was already in tears.

http://timesofindia.indiatimes.com/articleshow/4173337.cms

BSNL slashes mobile STD rate to 50 paise/min (TOI,Mum,23Feb09,Pg1)

Ahead of the Lok Sabha elections, BSNL is ringing in good news for lakhs of phone users. Its India Golden 50 scheme will cut mobile STD or long-distance tariffs to 50 paise a minute. The scheme will be launched for pre-paid mobile services on March 1.

Charges for the scheme will be Rs 375 plus applicable taxes with free talk value of Rs 50. In addition, customers can make local and STD calls to select BSNL numbers at 20 paise and 30 paise per minute respectively. Each SMS will be charged 50 paise.

BSNL launches 3G in Chennai (TOI,Mum,23Feb09,Pg20)

BSNL began its nationwide rollout of 3G services with the Tamil Nadu chief minister M Karunanidhi making the first voice call to union minister for IT and communications A Raja on Sunday. BSNL’s much awaited third generation communication system (3G) launch in the city was more of a political statement as the commercial launch is scheduled only for April 20.

The 3G technology will enable video calling, high speed Internet, mobile television, video on demand, music and video download, mobile banking and a host of other cutting edge applications, said Raja.

For news in detail, visit The Times of India ePaper

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Satyam board sets acid test for bidders (ET,Mum,23Feb09,Pg1)
To Check Net Worth, Financial Muscle

A STRATEGIC investor bidding for Satyam Computer Services should be able to infuse a minimum Rs 1,000-1,500 crore into the company. The investment could be in the form of a preferential allotment or through convertible debentures, said a person privy to the development.

For news in detail, visit The Economic Times ePaper

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IcySpicy

‘I make good films even when I’m not in them’ (BT,Mum,23Feb09,Pg1)
SRK, at home after his surgery, has slowed down and is letting life catch up with him...

Shah Rukh Khan was on the phone yesterday evening, calling from Mannat, where he spent his first weekend in captivity.

Last week’s shoulder arthroscopy is keeping him indoors. And he’ll be home for a while. “Strapped up most of the time, waiting for the muscle to stick to the bone, it’s been nailed into position and will take a couple of months... the nails are the size of ballpoint tips, they will dissolve in two years,” he said in some agony.

He’s waiting for the sutures to be removed in eight or ten days. But the painkillers are making him groggy. And he’s been dozing off every two-three hours. Sleeping is difficult, so he’s got a special bed for the purpose; the back goes up and down, he’s been sleeping at 90 degrees almost, in a sitting position.

Like a hospital bed? “No, it’s a designer bed,” replied SRK showing signs through the pain and grogginess of his ready wit. He’s started physiotherapy. “It’s minimal movement,” he explained, “I wrap up the Bombay Times in my fingers, my hand hanging by my side, it’s like doing a bicep curl.”

In the meanwhile, reports coming in of his February 13 release Billu have been cheering him up.

“They are good reports, the film started slowly... but it’s picking up. Overseas, it did better. I didn’t think it was an overseas Hindi film at all. I compare it to my earlier films. Like Om Shanti Om. Till Thursday, it did around 50 per cent of OSO’s business... which is fantastic, because Billu is a cheaper, Rs 35 crore film. I think by this weekend, it will get to the level of an average hit... by which I mean the producer recovers his money and about 25 per cent more, so everybody earns a profit. Every film has its own life and this one has crossed my expectation. People liked it more than I expected. But wait for the second week’s figures, plus the sale of music and satellites. I think it’s a good film. An ideal film is Chak De! India... it was not expensive to make, was a huge critical success and a box-office hit as well. So was Munnabhai MBBS. Billu has an unexpected ending, and a heartening message, it’s thrilled and touched audiences. Even those who didn’t go ga-ga over the film have said they liked the ending. This is the first time since OSO that I’m not making a full-fledged SRK film. Now distributors know, whether I’m in it or not, Red Chillies Entertainment makes good films.”

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 2.2 % today.

SENSEX: 8,843.2 (-2.2%) NIFTY: 2,736.5 (-1.9%)

DOWN..58.3 % from 21,206.77 the 52-week high of SENSEX

UP...........14.9 % 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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