Tuesday, March 10, 2009











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Headline News

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Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 155 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • Murder, rape, loot: We’re talking MPs
  • HP, CSC set sights on Satyam pie
  • Aamir tops Filmfare Power List
  • World Bank says global economy to shrink in FY09
  • Global markets lost $50 trillion in 2008
  • US fell off a cliff: Buffett
  • IcySpicy: Anil Kapoor, glowing with the Slumdog success, has more reason than most to celebrate Holi

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SEN SEX : 8,160.4 DOWN 61.5 % from 52-wk high

FOREX-Rs: USD 51.73 / EUR 65.48 / GBP 73.03

Please Note: 2nd half of 2009 is going to be great For Making Investments In India

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

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Murder, rape, loot: We’re talking MPs (TOI,Mum,10Mar09,Pg2)
It’s not just about a few parties and states anymore. TOI finds that the rot of criminalisation in politics runs deep, with roots spread far & wide

You have probably heard before that of the 543 men and women elected to the Lok Sabha in May 2004, 125 had criminal charges against them. Many among us have consoled ourselves with the notion that only a few of these 125 would have been charged with serious offences. Further, the malaise was largely restricted to a couple of states and finally that only certain parties were guilty of encouraging such ‘tainted’ candidates.

The reality is that each of these assumptions is seriously wrong. A large chunk faced serious charges including murder, rape, dacoity, kidnapping and corruption. The 125 MPs were from 17 different states and two Union territories which between them account for 499 of the Lok Sabha’s 543 seats. Also, these MPs belonged to 17 different parties. Clearly, the rot is spread — both spatially and politically — much worse than we normally think it is.

Aamir tops Filmfare Power List (TOI,Mum,10Mar09,Pg1)

You’re only as big as your last hit, right? Perhaps that’s what explains how actor Aamir Khan, who was nowhere on the 2007 Filmfare Power List, is up there at No 1 this year. It must have something to do with the Rs 265 crore (gross) that his film Ghajini earned worldwide, making it the biggest hit in the history of Bollywood.

The actor has also scored a hat trick by emerging first in the pecking order of actors and directors. As for producers, the father-son team of Yash and Aditya Chopra is still the top duo in the game, but Aamir is close behind—his two films Jaane Tu Ya Jaane Na and Taare Zameen Par had the box-office jingling sweetly.

ALL MIGHTY

1 Aamir Khan

2 Shah Rukh Khan

3 Yash & Aditya Chopra

4 Ronnie Screwvala

5 Karan Johar

6 Akshay Kumar

7 Farhan Akhtar

8 A R Rahman

9 Hrithik Roshan

10 Kareena Kapoor

World Bank says global economy to shrink in FY09 (TOI,Mum,10Mar09,Pg18)

New York: The global economy is likely to shrink for the first time since World War II, with growth at least five percentage points below potential and likely to have long-term implications for developing countries, the World Bank has said.

The bank’s projections show that developing countries face a financing shortfall of $270-700 billion this year, as private sector creditors shun emerging markets, and only one quarter of the most vulnerable countries have the resources to prevent a rise in poverty.

Up to 94 out of 116 developing countries have experienced a slowdown in economic growth. Of these countries, 43 have high levels of poverty. To date, the most affected sectors are those that were the most dynamic, typically urban-based exporters, construction, mining, and manufacturing.

Over half a million jobs have been lost in the last three months of 2008 in India, including in gems and jewelry, autos and textiles, it says.

For news in detail, visit The Times of India ePaper

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HP,CSC set sights on Satyam pie (ET,Mum,10Mar09,Pg1)
Scam-Hit Software Firm Announces Timeline for Sale; Local Suitors Still Undecided

GLOBAL IT firms Hewlett-Packard (HP) and Computer Sciences Corporation (CSC) are seen evaluating the possibility of acquiring a majority stake in Satyam Computer Services, even as domestic suitors L&T and Spice Group reconfirmed their interest in the beleaguered software firm.

But a few other prominent Indian business groups and companies such as the Hinduja Group and Tech Mahindra, which had initially shown interest, are still undecided. The Hinduja Group, one of the large diversified business groups, as well as IT firm Tech Mahindra may decide to stay out because of lack of adequate information.

US fell off a cliff: Buffett (ET,Mum,10Mar09,Pg6)

NEW YORK: Warren Buffett said the US economy had “fallen off a cliff” but would eventually recover, although a rebound could kindle inflation.

Buffett said on CNBC the country is experiencing a “close to the worst-case” scenario of falling business activity and rising unemployment, causing consumer confidence and spending to tumble.

Global markets lost $50 trillion in 2008 (ET,Mum,10Mar09,Pg7)

FINANCIAL markets across the world lost a whopping $50 trillion, including $9.6 trillion in the developing Asian market, says a report by the Asian Development Bank (ADB).

Developing Asian countries, which include countries such as China and India, have suffered more than any other emerging markets in the world due to the recent global economic downturn because the region’s markets have expanded much more rapidly, according to a new ADB study, ‘Global Financial Turmoil and Emerging Market Economies: Major Contagion and a Shocking Loss of Wealth’.

“This is by far the most serious crisis to hit the world economy since the Great Depression. While this crisis originated in the US and some European countries, by now no region or country is insulated. I am afraid things may get worse before they get better,” ADB president Haruhiko Kuroda said.

For news in detail, visit The Economic Times ePaper

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IcySpicy

Anil Kapoor, glowing with the Slumdog success, has more reason than most to celebrate Holi (BT,Mum,10Mar09,Pg1)

Never mind if the rest of Bollywood is not celebrating Holi tomorrow (those spoilsports!), at Anil Kapoor’s Juhu residence it is Holi already!

The actor is in a celebratory mood, all right. He’s just back from all the song-and-dance following Slumdog Millionaire’s success at the Oscars, and is jet-lagging... naturally!

“I wanted to come back as I wanted to celebrate Holi with my family,” said Anil, who is sleepy, dead tired, but looking so young and fresh and full of mischief that he could easily be cast alongside daughter Sonam in her next film. Check out his sexy, clean chest and tell us we’re wrong! The lovely and shy Sonam agreed, “Dad’s looking so much younger and he’s glowing. His energy is enviable. Suddenly we are seeing him more gung-ho about everything. It’s showing on his face.”

This Kapoor khandaan has a Holi puja in place tomorrow morning. Then, a splash and riot of colours. After which Sonam will head for a shoot and Anil to meet his buddies.

“I have always shot on Holi. But this time, it’ll be a family get-together. After the puja, I will visit my in-laws like always,” said Anil. His son is in LA, studying. “It’s much more fun when he’s around. But we will connect with him on the webcam and chat. He will miss all the fun here,” smiled Sonam.

She plans to gang up later with 40 friends and see what “dhamaal” they might whack out of the festival of colours.

Anil has memories of Holis gone by. “Of RK Studios where Raj (Kapoor) uncle would invite the entire industry... as a youngster, I was always in awe of the film stars. I wanted to be one of them when I grew up. Naturally, Holis at that time meant more to me than now. It was so much fun then.”
In LA a few days ago, he mentioned to some American friends why he was keen to rush back home. “It’s overwhelming, this impact Slumdog at the Oscars has made on the world... there is a new awareness globally of India now. One of my friends, on hearing about Holi and our celebration with colours, said, ‘India has never looked so colourful on the world map than now.’ I thought, wow, he’s so right!”

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 2.0 % today.

SEN SEX : 8,160.4 (-2.0%) NIFTY: 2,573.2 (-1.8%)

DOWN..61.5 % from 21,206.77 the 52-week high of SENSEX

UP...........6.0 % 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. So, it is going to be a very good time for investments in good stocks. So, do invest in India in the second half of 2009.

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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Posted by NRI.NewsIndia at 11:36 PM

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