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Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 158 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- L&T, Spice, Tech Mahindra eye control of Satyam; iGate quits
- Satyam may lower reported revenues by 15%
- Indian Economy staring at deflation (Inflation At 32-Yr Low)
- Where Should You Invest During Deflation?
- ‘World GDP to shrink in ’09, first time in 60 yrs’
- IcySpicy: Aloo Chaat cooking !
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SEN SEX : 8,966.68 DOWN 58.7 % from 52-wk high
FOREX-Rs: USD 50.08 / EUR 68.36 / GBP 72.34
Please Note: Aug-Oct 2009 is expected to be a great period For Making Investments In India. Do Plan your investments in advance.
Do read Investment Advice for long-term investors, in this issue.
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L&T, Spice, Tech Mahindra eye control of Satyam; iGate quits
Diversified business groups Larsen & Toubro, Spice Corp and software maker Tech Mahindra today submitted expressions of interest to acquire control of fraud-hit Satyam Computers, while iGATE opted out possibly for want of more financial information.
Economy staring at deflation (TOI,Mum,20Mar09,Pg1)
With Inflation At 32-Yr Low, Room For Rate Cuts
India is staring at deflation, or negative inflation, with the official inflation rate this week falling to 0.44%—the lowest since 1977. Food prices, however, continued to be high, with foodgrains roughly 9% costlier than a year ago, reinforcing a cruel paradox for consumers that they hear about zero inflation but face high prices when they buy their groceries.
If deflation lasts for some time, as seems possible, it would be a new experience for India. Japan went through a decade-long deflation in the 1990s, termed as the “lost decade’’ for that country.
While a fall in prices may sound like good news to most laymen, economists see this as an ominous sign of a collapse in demand in the economy.
A recent Citibank report echoed this concern in the Indian context saying that the present trend of decline in inflation was not because of any improved efficiency in the economy but because of falling demand.
Where Should You Invest During Deflation?
Look for cos whose sales are not affected too much by prices, like giants in consumer goods, healthcare and utilities. Companies which can counter lower prices through higher value-added products or greater economies of scale.
Firms with low levels of debt. Cos which had earlier taken heavy debt at high rates see their real cost of debt soar during deflation.
For news in detail, visit The Times of India ePaper
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SATYAM MAY LOWER REPORTED REVENUES BY 15% (ET,Mum,20Mar09,Pg1)
Satyam Computer is set to lower its reported revenues over the past seven years by at least 10-15%. Lowering actual revenues may have a significant impact on the software firm’s valuation, when qualified bidders put a price tag on the firm.
‘World GDP to shrink in ’09, first time in 60 yrs’ (ET,Mum,20Mar09,Pg5)
WASHINGTON: The world economy is set to contract for the first time in 60 years, as the deepening financial crisis would lead to the global GDP shrinking by up to 1% in 2009, the IMF said.
In its latest assessment of the global economy published on Thursday, the International Monetary Fund said that “more sustained, concerted policy actions (were) needed to revive growth” in the economy across the world, as trade volumes have shrunk rapidly.
Telcos may cut roaming SMS tariff by 40% (ET,Mum,20Mar09,Pg8)
Messaging Charges May Come Down To Rs 1.50 From The Existing Rs 2.50; New Rates To Come Into Effect From May
FROM May, telecom companies may reduce text message tariff by 40% for customers outside their home network after being warned by the industry regulator for overcharging.
At present, a phone call is cheaper than an SMS for roaming customers, because competition has forced telecom companies to keep call rates low.
For news in detail, visit The Economic Times ePaper
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IcySpicy
What’s cooking? (BT,Mum,20Mar09,Pg1)
BT gets caught in the tu-tu, main-main of Aloo Chaat actors Aftab Shivdasani and Aamna Shariff
The Dish: Aloo Chaat, produced by Maverick Production’s Pvt Ltd in association with Mirchi Movies and Red Ice Films and directed by Robby Grewal. BT: Preparation Time?
Aftab: Seven days!
Aamna: Yes, we had a workshop. It was nice. There was a lot of script reading. Guess it also helped us all to get to know each other and break the ice.
BT: Cooking Time?
Aamna: About 40 days.
Aftab: Twenty days shooting in Mumbai, about 15 days in Delhi.
BT: The first drop of oil?
Aamna: We got talking on the first day. Aftab told me, “I’m sorry, but I haven’t ever seen your serial.”
Aftab: Ya, she then told me, “I’m sorry but I haven’t seen any of your films!” And I’ve done about 30…
BT: The sizzle?
Aftab: We didn’t know each other, and were to enact a romantic hand-holding scene, which came out quite beautifully. Aamna’s a great performer. When I saw her photograph, I thought she looked pretty. I asked Robby, “But can she act?”
BT: Saucy…?
Aftab: There was a three-page-long emotional dialogue. I thought she’d take 5,000-6,000 takes. But she shocked me. I had to be reminded that through her saas-bahu serials, she has been trained to mouth pages and pages of dialogue as if it were going out of fashion.
Aamna: Yes, and Aftab had to say just one line in the middle of it all. And he just couldn’t get it right! He always missed his cue.
BT: Flavour?
Aftab: Aloo Chaat is a ‘delicious’ affair
Aamna: I’d call it ‘spicy’!
BT: Can be devoured by…?
Aftab: One and all, and not only once, but you could watch it again and again!
Aamna: Mom, dad, nephew, niece, grandpa, grandma, in-laws, kids, grandkids…
BT: Three reasons why one should indulge in Aloo Chaat?
Aamna: Contentrich, performancerich, and for our chemistry.
Aftab: It’s a total entertainer; feel good; recession time… everyone can do with a smile!
BT: : So who’s the aloo and who’s the chaat?
Aftab: I’m the chaat, she’s the aloo
Aamna: No way! How can I be the aloo? I’m the chaat.
Aftab: Ok, ok, we are just part of this very sweet project called Aloo Chaat.
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 5.0 % today.
SEN SEX : 8,756.6 (+5.0%) NIFTY: 2,719.3 (+3.9%)
DOWN..58.7 % from 21,206.77 the 52-week high of SENSEX
UP...........13.8 % 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 6000-7000 level in the next few months. We expect Aug-Oct 09 period to be a very good period for making investments in good stocks / mutual funds in India. So, do plan your investments in advance.
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 Aug-Oct 2009 is expected to be a great period for investing your money in stocks & mutual funds 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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