Friday, March 6, 2009












Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 152 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • Stripped-down Alto likely to take on Nano
  • Alliance with Congress has 'broken', declares SP
  • Recession-hit Japan turns to Indian IT cos
  • JLR may get $1.25-b lifeline from UK
  • Raymond to open 100 stores
  • IcySpicy: ‘SRK IS HIGHER ON MY WISH LIST THAN BRAD PITT’

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SEN SEX : 8,325.8 DOWN 60.7 % from 52-wk high

FOREX-Rs: USD 51.59 / EUR 64.95 / GBP 73.19

Please Note: 2009 Is A Great Year For Making Investments In India

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

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Alliance with Congress has 'broken', declares SP

NEW DELHI: Angry with the Congress for unilaterally announcing 24 candidates in Uttar Pradesh for the Lok Sabha polls, the Samajwadi Party has declared that its alliance with that party was "broken".

"I don't want to use any harsh words, but the alliance is broken.... The obituary of the alliance was written the day Congress had announced its list of 24 candidates in Uttar Pradesh," SP general secretary Amar Singh told reporters here.

After days of talks on seat sharing, he suggested that there was no meeting ground as the Samajwadi Party was ready to give a maximum of 17 seats while the Congress had been demanding a minimum of 25 of the total 80 seats in the politically crucial state.Singh's refrain was that no political party — national or regional — gives seats it has won to any other party in the name of alliance "and the Congress wanted the best of both worlds".

http://timesofindia.indiatimes.com/Amar-Singh-says-alliance-with-Cong-broken/articleshow/4234614.cms

For news in detail, visit The Times of India ePaper

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Stripped-down Alto likely to take on Nano (ET,Mum,06Mar09,Pg1)
Model To Be Marked Down; Price Cut May Come Into Effect Only In 2010

MARUTI Suzuki could slash the price of its largest-selling model, Alto, as it looks to take on the Nano, the world’s cheapest car being rolled out by rival Tata Motors with a price tag of Rs 1 lakh later this month, said an executive familiar with the car market leader’s plans.

The executive, who asked not to be named, said the Alto, whose entry model costs Rs 2.3 lakh, will not be priced as low as the Nano, but will see “a significant mark-down”.

JLR may get $1.25-b lifeline from UK (ET,Mum,06Mar09,Pg1)

Jaguar Land Rover will get around $1.25 billion in assistance from the UK government’s package for the automobile industry, say people with knowledge of the development. That’s around half the price paid by Tata Motors for the two British brands. Tata Motors took a $3-billion bridge loan to finance the deal.

Recession-hit Japan turns to Indian IT cos (ET,Mum,06Mar09,Pg8)
COST ADVANTAGE HELPS LOCAL COS ATTRACT JAPANESE DEALS THAT USED TO TRADITIONALLY GO TO CHINESE, KOREAN FIRMS

WITH Japanese companies leaving no stone unturned in their pursuit to pare costs as they try to cope with a deepening global recession, Indian IT outsourcing firms may finally be able to crack this $108-billion IT services market.

Troubled auto-makers Toyota and Nissan are putting out outsourcing deals worth $100-200 million each, while Japanese electronics majors are augmenting their existing contracts as they look for more cost-effective ways to maintain and support their global IT systems.

Japan is a tough outsourcing market to crack, says sourcing advisory firm TPI India head Sid Pai. Of the $8- billion IT contracts off-shored by Japanese firms last year, India’s share was about $1-1.5 billion. China accounted for almost $5 billion of work while South Korea bagged $1 billion worth of software projects.

Raymond to open 100 stores (ET,Mum,06Mar09,Pg20)

Raymond Apparel is planning to open 100 small stores exclusively selling its medium and supreme brand shirts, including Park Avenue, Parx, Manzoni and Raymond fine garment. Initially, about 25 completely owned shops under the ‘Shirts & More’ chain will be opened within a couple of months.

For news in detail, visit The Economic Times ePaper

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IcySpicy

‘SRK IS HIGHER ON MY WISH LIST THAN BRAD’ (BT,Mum,06Mar09,Pg1)
Bipasha Basu, in a brand new avatar, warns Bollywood to watch out for her in 2009

If John Abraham scored brownie points for his sizzling ‘butt’ilicious bod, can girlfriend Bipasha Basu be far behind?

Those who’ve seen her recently will agree they were stunned by the ‘abs’olutely hot new figure that the already sexy Bips now flaunts. And the actress admits that a lot has gone into notching extra points on the drool‘o’meter.

“Almost two hours of work-outs, apart from healthy eating,” Bipasha reveals her secret. So, is she ready to give takkar to the six-pack-malebrigade? “No, I would never want them to get a complex from me,” she laughs. “What I was aiming at was to acquire a fit body. But I definitely don’t want to look like a body-builder. I strongly believe in looking feminine and feeling that way too.”

Turning a year older recently has not been of much concern to her either. “I think I’m looking much better than I ever did even as a 16-year-old,” she says.

Having already proven to her detractors that age has nothing to do with the onscreen chemistry she shares with younger co-stars like Ranbir Kapoor in Bachna Ae Haseeno, she’s now set to do the same with Neil Nitin Mukesh in Aa Dekhe Zara, in which she plays a DJ.

Talking about this fast-action based thriller, Bips says, “Unfortunately I don’t get to do much action.” There was also buzz about her playing a negative character in this one, but all that she says is, “wait and watch”.

The actress who’s kitty has several other films this year — including Pankh, another film with Ajay Devgan, and Rituparno Ghosh’s Sob Choritro Kalponik — says that doing films internationally are not as much her priority as doing good films here.

“SRK is higher on my wish list than Brad Pitt. There’s so much more to do here first. There have been several offers in the past, but somehow they haven’t materialised either due to date hassles or other such issues. If a good offer comes along I’d love to do it, but I am never bidding a good-bye to Bollywood,” she quips.

This apart, what has Bips really excited these days is doing up her new apartment. “I can’t wait for the work on it to get over. It’s being done up since the past six months now and each and everything in it has been handpicked by me, so I am really excited about moving in it soon,” she says. With John? “That, I’m not telling you,” she smiles.

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 1.6 % today.

SEN SEX : 8,325.8 (+1.6%) NIFTY: 2,620.2 (+1.7%)

DOWN..60.7 % from 21,206.77 the 52-week high of SENSEX

UP...........8.2 % 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.

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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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