Wednesday, April 8, 2009









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Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 163 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • Arrest order for Lalu over Varun attack
  • Shoe misses PC, may hit Tytler
  • Airtel offers one cent per min call rates from US to India
  • India wins series in NZ after 41 years
  • Desis can claim damages from UK
  • US not receiving enough petitions for H1B visas
  • IcySpicy: Shahrukh - Amir : Meeting of minds

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SEN SEX : 10,742.3 DOWN 49.3 % from 52-wk high

FOREX-Rs: USD 50.49 / EUR 66.52 / GBP 74.09

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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Arrest order for Lalu over Varun attack (TOI,Mum,08Apr09,Pg1)

An arrest order was issued against RJD chief Lalu Prasad in Kishanganj district of Bihar on Tuesday over his remarks on Varun Gandhi. Also, he was booked for skipping the helipad and landing his chopper at the venue of a rally in Jharkhand’s Garhwa town.

Desis can claim damages from UK (TOI,Mum,08Apr09,Pg1)

Indian and other non-EU professionals will be able to claim compensation from the UK for the hardship caused by changes in its immigration rules.

Shoe misses PC, may hit Tytler (TOI,Mum,08Apr09,Pg1)
Journalist Upset With Govt Over ’84 Sikh Riots Lobs Footwear At Home Minister

New Delhi: It wasn’t a Nike, but journalist Jarnail Singh just did it. He lobbed his size eight Reebok at home minister P Chidambaram to register his protest at the CBI giving Jagdish Tytler, a Congress candidate from the city, a clean chit in a 1984 anti-Sikh riot case.

SOME GAIN, SOME RAIN, SOME PAIN (TOI,Mum,08Apr09,Pg19)
Weather Stalls India’s Bid To Clinch Series 2-0

Wellington: Could they have declared half an hour earlier on Day 4? Could it have been different had Ishant, standing at square leg, latched on to the chance offered early by Iain O’Brien off Sachin Tendulkar? Could India have left New Zealand with a 2-0 win had Simon Taufel upheld Harbhajan Singh’s lbw appeal against Daniel Vettori, which was palpably plumb?

As the much-feared Wellington rain arrived 20 minutes after lunch on Day 5 of the Basin Reserve to save New Zealand, who were reeling at 281 for 8, Indian skipper MS Dhoni can only ask what if.

While unhappiness is an emotion that would be justified, Tuesday would still be regarded as a momentous day in Indian cricket. The draw earned Dhoni’s dynamos a first series win in Kiwiland since Mansur Ali Khan Pataudi’s team triumphed there in the summer of 1968. They had won the first Test at Hamilton by 10 wickets and fought bitterly for a draw in the second Test at Napier after being made to follow on.

For news in detail, visit The Times of India ePaper

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US not receiving enough petitions for H1B visas

WASHINGTON: For the first time in several years, the US is yet to receive enough petitions for H-1B work visas, much sought after by highly-skilled professionals including Indians, even a week after it opened the counter for applicants.

http://economictimes.indiatimes.com/Features/Visa/US-not-receiving-enough-petitions-for-H1B-visas/articleshow/4376316.cms

Airtel offers one cent per min call rates from US to India

NEW DELHI: Bharti Airtel on Wednesday launched the never before calling rate of 1 cent a minute on its online calling card service.

This will enable NRIs in US to call friends and family back in India at the most competitive rates in the market.

"With our IndiaOne Offer, we are delighted to take the lead in offering the best value for US to India calling. Our tariff at 1 Cent per minute is a compelling customer proposition and is in line with Airtel's commitment to make calling to India more affordable." said Syed Safawi, Executive Director, Mobile Services, Bharti Airtel Ltd.

http://economictimes.indiatimes.com/News-by-Industry/Call-India-from-US-at-one-centmin/articleshow/4375673.cms

For news in detail, visit The Economic Times ePaper

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IcySpicy

MEETING OF MINDS? (TOI,Mum,08Apr09,Pg1)

It would seem so, judging by the easy interaction between the two at Tuesday’s meeting to discuss the row between film-makers and multiplexes over sharing of revenue in Mumbai. But remember, both Aamir Khan and Shah Rukh Khan are consummate actors and what appears to be may not be so. Each refrained from commenting on the other. SRK even said that the industry’s problems were much bigger than their ‘alleged’ feud. The cold war between the two had begun with Aamir calling Shah Rukh the number 2 star at a press conference last year and had soon deteriorated into a Bollywood farce with Aamir blogging about his dog ‘Shah Rukh’ licking his feet and the latter retorting that his dog had refused to be named Aamir.

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 2.0 % today.

SEN SEX : 10,742.3 (+2.0%) NIFTY: 3,343.0 (+2.7%)

DOWN..49.3 % from 21,206.77 the 52-week high of SENSEX

UP...........39.6 % 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 that is the case in 2009) and divest when prices are high (which will be the case in Q1-2011).

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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