Thursday, April 23, 2009


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Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 165 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • 55% turnout in second phase of LS polls
  • AI mulls premium economy class
  • Indian telcos zoom in on West Asia
  • IcySpicy: THINK ‘COOL’ AND BE ‘HOT’

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SEN SEX : 11,135.0 DOWN 47.5 % from 52-wk high

FOREX-Rs: USD 50.19 / EUR 65.37 / GBP 73.12

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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55% turnout in second phase of LS polls

More than 55% of the nearly 200 million voters on Thursday exercised their franchise in the second phase of Lok Sabha polling across 12 states which was by and large peaceful barring stray violence in naxal-infested areas Jharkhand and Bihar.

Two poll officials and a magistrate had a narrow escape when Maoists carried out blasts in Bihar and Jharkhand where security forces repulsed a naxalite bid to disrupt the second phase of elections after a fierce hour-long gunbattle.

In majority of polling stations easy-to-use electronic voting machines are being used.

http://timesofindia.indiatimes.com/55-turnout-in-second-phase-of-LS-polls/articleshow/4438026.cms

AI mulls premium economy class (TOI,Mum,23Apr09,Pg1)

Are you tired of the cramped economy class seats on AI flights and yet find executive class unaffordable?

The Maharaja has just come to your rescue. Air India plans to introduce a premier economy class, positioned between the existing economy and business sections, that would have wider seats with more legroom but would cost just a few hundred rupees more than a ‘cattle class’ ticket.

For news in detail, visit The Times of India ePaper

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Indian telcos zoom in on West Asia (ET,Mum,23Apr09,Pg1)

Indian telecom companies Bharti Airtel, Reliance Communications, BSNL and MTNL are looking to bid for licences and buy telecom companies in West Asian countries of Syria and Lebanon.

The telcos will have to compete with their counterparts in West Asia, as many regional players, including the UAE’s Etisalat, have announced that they are also eyeing the telecom space in Syria and Lebanon.

For news in detail, visit The Economic Times ePaper

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IcySpicy

THINK ‘COOL’ AND BE ‘HOT’ (BT,Mum,23Apr09,Pg1)

With the daytime temperature in Mumbai touching 35 degrees C, actress Urvashi Sharma makes an attractive and inviting picture... and you would be forgiven for wanting to get into the pool with her.

Never mind catching a tan, the sexy Bollywood actress is all for it, “My skin’s fair so a tinge of pink looks nice,” she says. “What’s more important, chilling out if you’re forced to stay on in Mumbai during the summer or worrying about sun burn?” We agree.

Just do it, find your own way to stay cool... this is only April, May in Mumbai is always hell, and early June... don’t even ask!

BT checked out the thanda fundas of some Mumbaiities here for the summer and came up with these suggestions for the blazing summer.. Model Shahwar Ali also hits the pool daily in addition to increasing his intake of fresh fruits and greens. “I drink lots of fluids. That keeps dehydration at bay,” he says.

Model Nethra Raghuraman is another water baby. “Swimming’s the perfect way to stay fit and keep cool,” she says.

Chak De! girl Vidya Malavade indulges in gallons of fresh fruit juices. “I remain indoors in the afternoons and catch up on movies I haven’t seen. Going out in the evenings, I wear whites and linens. The very idea of comfortable clothing beats the heat.”

While singer and TV anchor Raagheshwari Loomba relies on tender coconut. “There are times I feel like pouring it on my head to cool down,” she laughs.

Adman Prahlad Kakar has given up his traditional headgear and attire for a lungi and kurta. Thinking of the hills is very cooling to his mind.

Theatre and television actress Juhi Babbar turns to sunscreen “applied twice daily” and cottons and whites. “And I don’t inch towards the pool for fear of a tan,” she shudders.

Designers Manish Malhotra, Neeta Lulla and Nikasha Tawadey suggest, and wear, cool cotton fabrics. And Balika Vadhu lady Smita Bansal fantasises about holidays she cannot take. “The idea itself is soothing but with so much work in hand, I can just wear cottons and stay hydrated,” she grumbles.

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 2.9 % today.

SEN SEX : 11,135.0 (+2.9%) NIFTY: 3,423.7 (+2.8%)

DOWN..47.5 % from 21,206.77 the 52-week high of SENSEX

UP...........44.7 % 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 8000-9000 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. Put 33% in Fixed-Interest instruments and the remaining 33% in real estate when real estate prices are low.

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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Posted by NRI.NewsIndia at 11:00 PM

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