Friday, May 22, 2009







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Headline News

From

Emerging India

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Hand-picked News For Busy NRIs & PIOs
Issue No. 178 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Dear NRI.NewsIndia readers: 40% of you voted for Dr. Manmohan Singh in the poll conducted by us. Your candidate has become the PM. Congratulations !!! - Editor

Headline News in this issue:

  • Manmohan Singh takes oath as PM for 2nd term
  • Satyam has 10,000 excess staff: Tech Mahindra
  • Deccan thrash Delhi to storm into finals
  • IcySpicy: ISHQ AUR KISS!

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SENSEX : 13,887.2 DOWN 34.5 % from 52-wk high

FOREX-Rs: USD 47.17 / EUR 65.58 / GBP 74.72

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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Manmohan Singh takes oath as PM for 2nd term

NEW DELHI: Prime Minister Manmohan Singh on Friday took oath along with 19 Cabinet colleagues to begin his second five-year term at the head of multi-party government in which his Congress party is the overwhelmingly dominant partner after a sweeping win in general elections.

There were four new faces in the first edition of the Union Cabinet that is expected to be followed up by another expansion of the Council of Ministers in the next few days. All the others were in the outgoing Cabinet. All but two were from the Congress party.

Overseen by President Pratibha Patil, Manmohan Singh, 76, was the first to take oath at a simple and brief function at the Rashtrapati Bhavan. This is the first time she has administered the oath of office.

Among the new entrants in the Cabinet were Mamata Banerjee, the Trinamool Congress leader who trounced the Communists in West Bengal, Rajasthan Congress unit president CP Joshi, Congress general secretary M Veerappa Moily, and former Karnataka chief minister S M Krishna.

The portfolios were not announced but speculation centered around two names as the next foreign minister -- Kamal Nath, who has been a successful commerce and industry minister and who led the developing nations' charge in the WTO negotiations; and Krishna, who was in many ways responsible for making Bangalore the country's IT capital.

Pranab Mukherjee, who was external affairs minister in the last Cabinet, is widely tipped to become finance minister, a portfolio he held 25 years ago, while Chidambaram and Antony are likely to retain their respective portfolios of home and defence.

The prime minister's A-team comprises Pranab Mukherjee, Chidambaram, Antony, Krishna, Ghulam Nabi Azad, Sushil Kumar Shinde, Veerappa Moily, S. Jaipal Reddy, Kamal Nath, Vayalar Ravi, Meira Kumar, Murli Deora, Kapil Sibal, Ambika Soni, B.K. Handique, Anand Sharma and Joshi.

Besides Mamata Banerjee, the other non-Congress leader who found Cabinet berth was Nationalist Congress Party (NCP) chief Sharad Pawar.

http://timesofindia.indiatimes.com/Manmohan-takes-oath-as-PM-for-2nd-term/articleshow/4564549.cms

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Satyam has 10,000 excess staff: Tech Mahindra

Satyam Computer has 10,000 excess employees in its 40,000-strong headcount, its new owner Tech Mahindra said today."

Satyam has 10,000 excess manpower. It has close to 40,000 employees. We are looking at least painful ways to take care of this issue," Tech Mahindra CEO Vineet Nayyar told reporters after a meeting all board members.

On other hand, Satyam Board Chairman Kiran Karnik said, "We are not looking at layoffs. But we are looking at the ways on how to mange the cost, handle people and meet the challenges to the bottom line."

Last month, Tech Mahindra had acquired 51 per cent stake in the Hyderabad-based company for Rs 2,990 crore through a transparent auction.

http://economictimes.indiatimes.com/articleshow/4565783.cms

Deccan thrash Delhi to storm into finals

Riding on a superb knock by captain Adam Gilchrist, Deccan Chargers thrashed Delhi Daredevils by 6 wickets in the first semi-final of the Deccan Chargers' captain Adam Gilchrist plays a shot against Delhi Daredevils at SuperSport Park in Centurion.

Deccan will now meet the winner of the match between Chennai Super Kings and Bangalore Royal Challengers on Sunday.

http://ipl.timesofindia.indiatimes.com/articleshow/4566393.cms

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IcySpicy

ISHQ AUR KISS! (BT,Mum,22May09,Pg27)

It’s not only her bathing costume scene from Kambhakt Ishq that Kareena Kapoor has contractually prevented from being aired or put on hoardings. Apparently, there’s also a sensual kiss she enjoys in the film with Akshay Kumar that’s being given the miss. You won’t see that popping up on your television screen during the film’s promos.

Barring a fleeting peck with Fardeen Khan in Govind Nihalani’s Dev, the only time Kareena did a kissing scene was in Jab We Met with Shahid Kapoor whom she was then seeing. And, now she’s done one with Saif Ali Khan in Rensil D’Silva’s film.

Kissing Akshay was problematic for Kareena. The actress was reportedly hesitant. Akshay was her sister Karisma’s co-star. As a 12-year-old, she had visited Karisma’s sets and hid shyly from him. And Akshay treats her like a kid. He’s very protective of her. So he, too, was hesitant. But they knew that the kiss comes at a point in the plot when an intimacy beyond the superficial had to be shown. Both stars took their respective soul mates into confidence before getting into it. Neither Saif nor Twinkle minded. So, they kissed!

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

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END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex went up by 1.1% today.

SENSEX : 13,887.2 (+1.1%) NIFTY: 4,238.5 (+0.7%)

DOWN..34.5 % from 21,206.77 the 52-week high of SENSEX

UP...........80.4 % 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 11:35 PM

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