From
Emerging India
..................................................................
Hand-picked News For Busy NRIs & PIOs
Issue No. 136 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:
- Bhupathi claims 11th Slam title, first for Sania
- Yuki Bhambri wins Aus Open Junior
- SBI loans at 8% flat
- M&M net crashes 99% to Rs 1.2 cr
- DLF net declines by 69%
- Unitech posts 74% drop in profit
- Grasim net down 36%
- IcySpicy: Aamir Khan’s up for sale!
..................................................................
SENSEX: 9,424.2 DOWN 55.6 % from 52-wk high
FOREX-Rs: USD 49.02 / EUR 63.18 / GBP 69.70
2009 - A Great Year For Investments In India
Do read Investment Advice for long-term investors in this issue.
..................................................................
CLICK & VIEW GOOGLE ADs
ON THIS PAGE NOW >>>
TO SUPPORT THIS PUBLICATION
..................................................................
Bhupathi claims 11th Slam title, first for Sania
Mahesh Bhupathi was slow to arrive at the Rod Laver arena on Sunday. Fortunately for him, his partner Sania Mirza showed up bright and early, steady in nerve and furious in her shot making.
At 3-3 in the first set Bhupathi weighed in and the wildcard entrants of the Australian Open mixed doubles event went on to clinch 10 of the final 11 games of the title clash that saw an interesting mix of flair and firepower.
The all-Indian pairing powered to 6-3, 6-1 win over Israel's Andy Ram and France's Nathalie Dechy in 55 minutes. The win gave Sania her first Grand Slam title and Bhupathi his seventh mixed-doubles crown and 11th Grand Slam title.
Sania was as understandably ecstatic. "After being out for most of last year, not playing for almost six months, and then winning a Grand Slam title in virtually my first tournament back, is just great," she said. "A Slam is a Slam -- singles, doubles or mixed doubles, and winning on these big stages is what I had dreamt of as a child. Winning with Mahesh, he's a friend and fellow Indian, makes it even more special. Last time, we fell one short, this time we did it!"
KYUNKI IT’S YUKI (TOI,Mum,01Feb09,Pg40)
On Saturday, Yuki Bhambri became the first Indian to win the Australian Open Junior title. He beat Alexandros-Ferdinandos Georgoudas of Germany 6-3, 6-1 in less than an hour.
With this triumph, Yuki became the fourth Indian to win a junior Grand Slam title.
FACTFILE:
DoB: 04/07/1992 Birth place: New Delhi
Plays: Right-handed (doublehanded backhand)
Favourite surface: Hard
Trains at: Nick Bolletieri Tennis Academy, USA
Age he started playing tennis: 6
Favourite player: Rafael Nadal
Ambition: To play Davis Cup for India
World ranking: 2
Studies at: Delhi Public School, Mathura Road.
Parents: Chander is a doctor, Indu a housewife Siblings: Ankita and Sanaa, both national tennis players.
For news in detail, visit The Times of India ePaper
..................................................................
NRI.NewsIndia Reader
I am completely Indian at heart
..................................................................
SBI LOANS AT 8% FLAT (ET,Mum,01Feb09,Pg1)
THE COUNTRY’S largest bank, State Bank of India (SBI), on Saturday unveiled an offer to provide loans to all new home buyers at a fixed rate of 8 % — the lowest rate offered by any lender.
This rate will be applicable to all new borrowers irrespective of the loan amount. However, the fixed rate of 8% on home loans will be effective for only one year. SBI’s move is aimed at stimulating demand in the home loan market.
M&M net crashes 99% to Rs 1.2 cr (ET,Mum,01Feb09,Pg6)
Hit by slow demand and forex currency loss, the country’s largest utility vehicle and tractor maker Mahindra & Mahindra’s net profit for the quarter ended December dropped 99% to Rs 1.19 crore from Rs 405 crore a year ago.
Absence of consumer finance from banks and finance houses impacted sales, while the rupee’s dip against the dollar resulted in a currency loss of Rs 182 crore.
DLF net declines by 69% (ET,Mum,01Feb09,Pg6)
India’s largest real estate company DLF has reported a decline of 68.6% in net profit at Rs 670 crore and a 62% drop in sales to Rs 1,366 crore for the quarter ended December 31, 2008 year on year.
Explaining the poor performance of the company, CFO Ramesh Sanka said: “Demand has evaporated.”
Unitech posts 74% drop in profit (ET,Mum,01Feb09,Pg6)
Unitech, India’s second-biggest real estate company by market capitilisation, on Saturday posted a 74% decline in net profit for the third quarter as sales halved and operating costs shot up.
“It (the quarter ended December 31, 2008) was characterised by tight liquidity conditions and significant demand slowdown across segments. Consumer sentiment continues to be weak," said MD Sanjay Chandra in a statement.
Grasim net down 36% (ET,Mum,01Feb09,Pg6)
Weak performance of the viscose staple fibre business and higher input and energy costs adversely impacted Grasim Industries whose consolidated net profit for the third quarter fell 36% to Rs 460 crore.
For news in detail, visit The Economic Times ePaper
..................................................................
FOR
INTERESTING VIDEOs
CLICK ON THIS LINK:
Watch the latest videos on YouTube.com
.................................................................
IcySpicy
Aamir Khan’s up for sale! (BT,Mum,01Feb09,Pg40)
Pleased with the success of Ghajini, the makers of the film have found a unique way to share it with the fans — they can now take Aamir Khan in his muscled Ghajini look home. Well, not the real Aamir, but his figurine that is.
An insider informs, “It was producer Madhu Mantena’s idea to make the Aamir Khan-Ghajini look into a collector’s item.” It’s common knowledge that Aamir had worked out for over a year to acquire his hulk-like physique.
A source close to Aamir confirmed, “Great pains have been taken to capture Aamir’s exact muscular texture and structure in Ghajini.” Well, Aamir’s kiddie fans will certainly throng for this one. After all, what better way to pocket your favourite star, right Aamir?
For news in detail, do visit Bombay Times ePaper
..................................................................
END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 2.0 % today.
SENSEX: 9,424.2 (+2.0%) NIFTY: 2,874.8 (+1.8%)
DOWN..55.6 % from 21,206.77 the 52-week high of SENSEX
UP...........22.4 % 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
..................................................................
..................................................................
Your feedback is important to us for continuous improvement.
Do send your feedback / suggestions to NewsIndia.NRI@gmail.com.
Also, forward NRI.NewsIndia to your NRI friends. They may like to subscribe.
..................................................................
SUBSCRIBE: If you would like email-ids of your friends to be added to our mailing list, then do send their email-ids to us or ask them to send their email-ids to us for inclusion in our mailing list. To subscribe, write to nri.newsindia@gmail.com.
UNSUBSCRIBE: If you would not like to receive this newsletter, then do let us know. We shall remove your email-id from our mailing list. To unsubscribe, write to nri.newsindia@gmail.com.
..................................................................
Free Hit Counters
No comments:
Post a Comment