Tuesday, April 21, 2009











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Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 164 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • India now has a spy in the sky
  • Pawar gets Jaya’s backing for PM’s post
  • TCS offers 1:1 Bonus
  • Shikha, Renuka quit ICICI group
  • TISS American student made first moves: Rape accused
  • IcySpicy: Rs. 30 CRORES FOR ONE?

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SEN SEX : 10,898.1 DOWN 48.6 % from 52-wk high

FOREX-Rs: USD 50.44 / EUR 65.3 / GBP 73.48

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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Pawar gets Jaya’s backing for PM’s post (TOI,Mum,21Apr09,Pg1)

In what could cause complications for the Congress’s project at the Centre, NCP chief Sharad Pawar on Monday got a ringing endorsement for prime ministership from AIADMK chief Jayalalithaa. She told a TV channel that he had her support for the post. She called him mature and sincere.

India now has a spy in the sky to keep eye on border (TOI,Mum,21Apr09,Pg1)

Sriharikota: India on Monday launched its first ‘spy’ satellite. It will be an all-weather eye-in-the-sky capable of sending detailed pictures of objects as small as cars even in the dark.

Shikha, Renuka quit ICICI group (TOI,Mum,21Apr09,Pg1)
Sharma To Join Axis As MD & CEO

Days before Chanda Kochhar, the CEO-designate at ICICI Bank steps into the new role of CEO on May 1, two high-profile managers at the bank—Shikha Sharma and Renuka Ramnath—have decided to leave the group. Till recently each headed two important business units at ICICI group.

TISS girl made first moves: Rape accused (TOI,Mum,21Apr09,Pg1)

Mumbai: Vinamra Soni, the only accused in the gang rape of a US citizen to have evaded the police dragnet until now, approached a sessions court on Monday for anticipatory bail.

He then spoke to mediapersons, making allegations that turned the case on its head. It was the victim who had made the first advances, he claimed, adding that he had done nothing except for kissing her and “then going to sleep’’.

Soni is one of the six youngsters who the 23-year-old American student of TISS has accused of raping her in a Versova flat in the early hours of April 12.

For news in detail, visit The Times of India ePaper

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TCS OFFERS 1:1 BONUS (ET,Mum,21Apr09,Pg1)
Battling Lower Billing Rates And Dwindling Contracts,Tech Major Was Still Able To Report A 4.7% Jump In Net Profit

INDIA’S largest software exporter Tata Consultancy Services (TCS) saw slower growth in net profit and revenues in the March quarter, but sprung a pleasant surprise on shareholders with an unexpected 1:1 bonus issue.

This is the second bonus issue by the company since it went public five years ago. It had announced a similar bonus in 2006.

For news in detail, visit The Economic Times ePaper

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IcySpicy

30 CRORES FOR ONE? JUST 7 FOR THE OTHER! (BT,Mum,21Apr09,Pg1)
Salman Khan is always willing to bail out a friend! What about other A-list actors in these times of recession?

Industry sources say that Salman Khan (controversy’s favourite child) is on paper, the highest paid Bollywood actor. “Salman has reportedly been signed for London Dreams for Rs 30 crores,’’ says our source.

We messaged Vipul Shah but he remained unavailable for comment. The source however maintains that Salman may re-negotiate his price; and actually offer the makers a discount because of the global meltdown. The interesting thing in this whole narrative is not what Salman will ultimately charge for London Dreams; but the fact that the actor has allegedly charged Boney Kapoor only Rs seven crores for the film Wanted Dead Or Alive.

Our source maintains that, “Salman knew Boney was in a spot and he decided to bail him out; hence he has been so reasonable with his pricing for Boney’s film.” Know-alls also insist that Salman may get a share in the profits made from Wanted…; however that is not priority for the actor, who has done Boney’s film only to help him tide over a financial crunch.

Subhash Ghai who worked with Salman in Yuvvraaj says, “I don’t know what Salman is charging other producers. All I can say is that he is a boy with a golden heart. If he finds his producer is in a spot, then he will definitely reduce his fee or even waive it off. But he must be convinced about a situation. This guy thinks with his heart.’’

Incidentally it is being said that the A-list actors have started to take cuts in their remuneration. Sanjay Dutt is said to have been paid Rs15 crores upfront for a two-hero project that is nearing completion. “Yet today Sanjay has negotiated a film for Rs 4 crores,” says a trade analyst.

Akshay Kumar, who had joked saying “My wife Tina knows that the only thing that turns me on is the smell of money”’ has also apparently offered his friend Ratan Jain a discount in pricing for his film De Dhana Dhan. It is learnt that Akshay was to charge Rs 44 crores originally for the film; but the price he will now take is nowhere close to that amount.

Amod Mehra says, “There is a character actor who still refuses to do a film for less than a crore (his market price) and there are a few others too who are adamant about pricing; but most of the sensible guys have understood the crisis situation.”

A film corporation that has recently shut its feature film division; and is just completing work on their pending projects is rumoured to have paid Sunny Deol Rs 3.75 crores. And, Arjun Rampal post Rock On has pushed up his price to Rs 2.5 crores.

“However most actors have realised that their producers can no longer sell their films for the monies that they did a year ago; and have re-negotiated their contracts,’’ says film-maker Sanjay Gupta. Double digits may now be hard to come by even in a superstar’s pay packet; at least till the market condition improves.

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 0.7 % today.

SEN SEX : 10,898.1 (+0.7%) NIFTY: 3,365.3 (+0.4%)

DOWN..48.6 % from 21,206.77 the 52-week high of SENSEX

UP...........41.6 % 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 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 6:57 PM

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