From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 161 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Unemployed NRIs ignite rental scene in India
- Now, Indian students facing hell Down Under
- Americans of Indian origin wealthiest; face least crime
- Spice exits Satyam race
- XLRI grad gets $110 k pay
- IcySpicy: Bipasha wants to turn director
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SEN SEX : 10,048.5 DOWN 52.6 % from 52-wk high
FOREX-Rs: USD 50.57 / EUR 68.70 / GBP 73.84
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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Unemployed NRIs ignite rental scene in India
It looks unimaginable that the impact of economic slowdown will not affect the rental market of the capital. While it scotched the rental scene in posh areas for two-three months, the tide is now turning.
As a large number of professionals, including Indians, lost jobs in the US and other European countries, many of them shifted back to India. And, quite a few of them have flocked to Delhi to start their own consultancy business or take up some other job here igniting the market dramatically.
Realtors say even though those who have shifted to Delhi are not admitting they have lost their overseas jobs due to the downturn, their body language clearly shows that all is not well for them.
Anil Makhijani of Mak Realtors says they are getting two-three calls from either victims of meltdown or their relatives. “When they meet us, they claim they have quit their US or England-based jobs to return to India. However, fact of the matter is they are returning, as they have no jobs there. They are coming here as they feel they can ride through this crisis by doing something here,” says Makhijani.
http://economictimes.indiatimes.com/articleshow/4328242.cms
Now, Indian students facing hell Down Under
The growing number of attacks on Indian students in Australia has become a big cause for concern at the Indian High Commission in Canberra.
A senior diplomat at the High Commission told ET that in the last six months, there have been 500 cases of assault on Indian students, registered by the police authorities across Australia.
There are fears that such incidents of muggings, theft, racial abuse, car jackings and even murder are on the increase because of the economic meltdown and loss of jobs.
Americans of Indian origin wealthiest; face least crime
WASHINGTON: Asian-Americans suffer less from violent crime than other racial groups in the United States, Justice Department figures have shown.
Some 11 out of 1,000 Asian-Americans aged 12 or older are the victims of non-fatal violent crimes each year, compared with 24 out of every 1,000 non-Asian Americans, according to statistics released Wednesday.
In 2006, 360 Asian-Americans were murdered. They were victims of two percent of all US homicides, while accounting for about four percent of the population, the study found.In one of the more striking differences among racial groups, strangers were responsible for most crime against Asian-Americans.
Spice exits Satyam race (TOI,Mum,28Mar09,Pg21)
Withdraws Bid Citing Lack Of Transparency In Process
Alleging “lack of transparency’’ in the Satyam stake sale process, B K Modi’s Spice Group withdrew from the race on Friday, protesting the manner in which the government-appointed board was conducting the exercise to find a buyer for the scamhit company.
“There is no transparency and openness in the entire process. It is opaque and against the directive of the Company Law Board that ordered for an open, transparent, competitive price bid auction process,’’ Preeti Malhotra, executive director of Spice Innovative Technologies, told TOI here.
For news in detail, visit The Times of India ePaper
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XLRI grad gets $110 k pay (ET,Mum,28Mar09,Pg1)
XLRI School of Business & Human Resources has completed its final placements after a month-long rolling process.
Despite the slowdown, last year’s highest international salary was breached, with global pharma major Novartis offering $110,000 for an HR leadership role in Basel, Switzerland.
For news in detail, visit The Economic Times ePaper
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IcySpicy
Bips wants to turn director (BT,Mum,28Mar09,Pg1)
Nine years only in Bollywood, and Bipasha Basu would like to think she understands the technical aspects of cinema well enough to direct a film. Either that, or she doesn’t want all her experience to go to, er, waist by playing only the floor-burning sizzler forever.
The bombshell admits she’s got direction on her mind, and it’s not for a too distant future. “I’ve learned on the job. I now understand script, character, choreography, camera angles. So I guess I do see myself directing a film,” revealed Bips, adding confidently, “I know I’ll be fantastic with things from behind the camera.”
The direction chaska began with her own interest and fascination in the way she looks!
Styling has always been crucial for Bipasha. “Nowadays I take more interest in the way I look. I’ve become conscious of what suits me. I won’t do anything that I don’t follow or don’t feel comfortable in. Fortunately we have such capable choreographers. They know I’m not a professional dancer. So they give me movements that are fun and more me. I understand all that now,” she said.
For news in detail, do visit Bombay Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 0.5 % today.
SEN SEX : 10,048.5 (+0.5%) NIFTY: 3,108.7 (+0.9%)
DOWN..52.6 % from 21,206.77 the 52-week high of SENSEX
UP...........30.5 % 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 and/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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