Monday, May 18, 2009









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Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 177 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:

  • Unprecedented rise of Sensex
  • Montek, Kamal Nath In Race For Finance Minister?
  • LTTE chief Prabhakaran killed: Lanka govt
  • IcySpicy: Amitabha Bachchan pays tribute to filmmaker Prakash Mehra

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SENSEX : 14,284.2 DOWN 32.6 % from 52-wk high

FOREX-Rs: USD 48.30 / EUR 65.01 / GBP 73.23

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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Unprecedented rise of Sensex

In an unprecedented development, trading in the Indian stock markets had to be halted within minutes of opening because they hit the index based market wide circuit filter limit.

This was clearly the result of UPA’s comfortable win in the Loksabha elections and the expectation of a progressive and stable government for the next 5 years.

As per the rule, if there is a 20% movement in either of the two benchmarks, trading has to be halted for the remainder of the day.

Thus, with the Nifty surging more than 700 points, it breached the 20% limit, forcing the authorities to suspend trading for the day. While the benchmark Sensex ended the day up a whopping 2,099 points.

Enter: Old Faithfuls, Young Turks Montek, Kamal Nath In Race For Finance Minister?

New Delhi: With attention swiftly turning to government formation, speculation on Prime Minister Manmohan Singh’s next Cabinet has begun to do the rounds over who would hold charge of key ministries even as the Congress gets ready to address the claims of allies like the DMK, NCP and the newly added Trinamul Congress.

Although discussions on the issue are yet to be held in right earnest, political circles were abuzz with speculation about the likely choices for key ministries like finance, which is without a full-time in-charge since P Chidambaram was moved to the ministry of home affairs.

http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default

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LTTE chief Prabhakaran killed: Lanka govt

COLOMBO: Sri Lanka's war against Tamil Tiger rebels has "ended successfully," the island's defence secretary, Gotabhaya Rajapakse, told the island's president on Monday in a nationally televised ceremony.

"We have successfully ended the war," he told President Mahinda Rajapakse, who is his brother and commander-in-chief of the Sri Lankan armed forces.

Sri Lankan military commanders also lined up and shook hands with him before starting closed-door talks.

The meeting came as state television and defence officials announced that Tamil Tiger leader Velupillai Prabhakaran and the entire rebel leadership had been killed on Monday by government troops.

http://timesofindia.indiatimes.com/Prabhakaran-dead-war-on-LTTE-over-Lanka/articleshow/4546294.cms

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IcySpicy

‘Goodbye, Lalla...’ (BT,Mum,18May09,Pg23)
‘Vijay’ of Zanjeer pays tribute to filmmaker Prakash Mehra who gave him that big break...
AMITABH BACHCHAN Times News Network

Yesterday morning brought in news of the passing away of Prakash Mehra. What is it about death that draws one away into a vacuum and then starts filling it up with memories and nostalgia?

It was early 1971 when I met Prakashji for the first time at RajKamal Studios. He had come to ask me to work in his first home production film, Zanjeer.

Salim-Javed that had written the script, had suggested my name to him. He had had a few successes as an individual director with the stars of the day — Dharamji, Shashiji and now wanted to go independent. That first meeting translated itself into a relationship, much documented now, in the annals of Hindi cinema history.

Prakash Mehra was an all rounder in his craft. He was first a writer and coming from the North had great sense of the language and its temperament. Writers gain recognition because of their inert story-telling capacity. That was Prakashji’s forte.

He was a great storyteller. A teller of stories that imbibed the qualities of drama and emotion and the farcical — all within the context of our rich national morals, culture and ethics. All of his films contained sufficient quantities of this.

He was also a gifted lyricist, which many were unaware of. His contribution to the songs in his films were never credited, but there was never a moment in them, where he had not made significant contribution.

And, he was a musician; his knowledge of the craft ably reflected in the music scores that adorned his stories and his films. Many of the tunes that were selected were at times actually sung by him to give an idea to the music directors on what form or tenor he wanted from them.

What he did not possess and what he paid scant respect to, was technology. Complicated camera angles through the use of sophisticated equipment, editing jugglery, excessive reliance on cinematic calisthenics, were distasteful to him.

“Log kahani dekhne aayenge, camera ki kabaddi nahin!” was his oft-repeated refrain. His frames were simple therefore, steady and respectful to what the artists were doing; never distracted by excessive zooms and trolley movements. He would place the camera at a spot and allow the scene to progress for as long as the artists could go. When we erred, he would not ask for a retake. He would merely cut the shot and move closer or at a different angle and ask us to continue from where we had last stopped.

His early years of apprentice with some of the most prominent makers of the time had perhaps insulated him from any of the more modern techniques. But his investments in other modes of modernisation in filmmaking were most relevant — the first Arriflex camera with the blimp, interesting lenses, a dubbing studio with state of the art facility, being some among them.

He was a simple man who had come from very humble beginnings. His commercial successes never ever betrayed his respect for the people that he grew up with or with those that remained with him during his phenomenal journey.

He addressed me endearingly as ‘Lalla’ as did I him and each time he would be impressed by a shot that I gave, he would quietly walk up to me and kiss my forehead. He had an air of fun and comedy about him.

Many a humorous moment in his films were on the spot instinctive introductions; though his own suppressed laughter, during the time of its enactment once the cameras were rolling, remained a perennial distraction for the artist and more particularly for the sound recordist!

On many an occasion we had to plead with him to leave the set in order to be able to ‘can’ the shot without interruption.

He remained my neighbour throughout his film career; sympathetic and caring in moments of distress and exuberant in our moments of joy. He named his second son Amit after me and remained a proud father to his other two, Sumeet and Puneet.

He bore the trauma of his ailing wife, lying in coma for years at his house, with great fortitude. We have lost a great filmmaker and a wonderful human. Lalla, I shall miss you. May you remain in peace wherever you are.

http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default&AW=1242667837078

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END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex went up by 17.3% today.

SENSEX : 14,284.2 (+17.3%) NIFTY: 4,323.2 (+17.7%)

DOWN..32.6 % from 21,206.77 the 52-week high of SENSEX

UP...........85.6 % 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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