Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 171 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- American Airlines staff ignores flu advisory
- Pune man holds secret billions
- IPL: B'lore beat Mumbai
- Kings XI Punjab beat Kolkata Knight Riders by 6 wickets
- IcySpicy: ‘I’D LOVE TO LOOK LIKE AUDREY HEPBURN’
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SENSEX : 11,403.3 DOWN 46.2 % from 52-wk high
FOREX-Rs: USD 50.22 / EUR 66.25 / GBP 73.87
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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Pune man holds secret billions
The Centre on Saturday indicated to the Supreme Court that Indians may be among those who had parked huge amounts of illicit money with the LGT Bank in the tax haven of Liechtenstein and asserted that serious efforts were on to retrieve it.
The hint that it may have located Indians among those holding secret deposits in the bank came in the much-awaited affidavit filed in response to a PIL asking for measures to bring back money suspected to have been spirited away.
Wary of disclosing too much at the initial stage of investigation, the UPA government said it had activated income-tax and wealth tax sleuths to scrutinise the data and take appropriate action.
In its affidavit, the Centre made specific references to huge deposits in the Swiss bank by Pune-based Hasan Ali Khan and his associate, Kashinath Tapuria.
While the Enforcement Directorate has issued a showcause notice to Khan for contravention of FEMA for “unauthorised dealing of $8 billion’’, the I-T department “has raised a demand of Rs 71,848.59 crore against Khan, his wife Rheema and other associates’’.
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American Airlines staff ignores flu advisory
A vital omission by American Airlines in relation to passengers on its Chicago-Delhi direct flight on Friday night could have cost India dear.
The staff of flight AA 292, which arrived in Delhi at 8.30 pm on Friday, did not inform the Union health ministry’s airport health officer about two passengers on board who had flu-like symptoms before the plane landed at Indira Gandhi international airport.
According to doctors at IGI airport, it was evident just by looking at 45-year-old Paramjit Kaur and 51-year-old Jagjivan Singh that they were suffering from fever, cough and cold and upper respiratory diseases.
On further scrutiny, it was found that Paramjit (in a wheel chair) and Jagjivan, both of whom originally hailed from Fatehabad Sahib in Punjab, had visited the affected the American states of Texas and Chicago.
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IPL: B'lore beat Mumbai
Uthappa and Kallis helped Bangalore crush Mumbai by 9 wickets.
Kings XI Punjab beat Kolkata Knight Riders by 6 wickets
Kings XI Punjab beat Kolkata Knight Riders by six wickets in their Indian Premier League match.
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IcySpicy
‘I’D LOVE TO LOOK LIKE AUDREY HEPBURN’
... says sexy Kangna Ranaut whose next film takes her back to the 1970s
The otherwise fashionably forward Kangna Ranaut will soon be seen taking a step back in time. She plays a character loosely based on 1970s don Haji Mastan’s girlfriend and yesteryear actress Sona in Once Upon A Time In Mumbai. And the sexy actress is leaving no stone unturned to make sure that she’s bang on where her look is concerned.
To get into the skin of the character, Kangna has been studying yesteryear actresses in both Bollywood and Hollywood. Not only that, she is said to be working on her look that’ll be inspired by these actresses.
“From Audrey Hepburn to Asha Parekh and from Sophia Loren to Sadhana, I’m trying to get the hang of their style. The character I play is glamorous and strongly influenced by western fashion, so I want a look that’s western but which also suits someone who’s very much here,” reveals Kangna who is cast opposite Ajay Devgan in this film.
Is there one particular look she really likes? “Audrey Hepburn’s! She was a classy dresser back then. I’d love to look like her,” says Kangna. To get this look, apart from longeyelashes and heavy eyemake-up — quite characteristic of the era — she is planning to stock up on a lot of high-waisted, narrow trousers and scarves.
“Also bell-bottoms were big during the 70s, so I am studying the entire timeline of style,” Kangna says. “I want a look of that era which doesn’t look comical today!” Impressed though she is by the styles back then, Kangna is happy being a today’s girl.
“The styles are more practical and fun in our times,” she says. “High bouffants, bell bottoms are things I can’t imagine today without being laughed at.”
Would she like any trend revived? “The shirts. The kinds worn back then were very feminine, practical, yet elegant. I’d love to bring them back,” she smiles.
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 3.7 % today.
SENSEX : 11,403.3 (+3.7%) NIFTY: 3,474.0 (+3.3%)
DOWN..46.2 % from 21,206.77 the 52-week high of SENSEX
UP...........48.1 % 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.
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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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