Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 181 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Inflation plunges to 30-yr low in India
- India largest investor in UK after US
- Sebi abolishes entry load on mutual funds
- IcySpicy: I CAN’T ROMANCE ANYONE BUT…
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SENSEX : 14,521.9 DOWN 31.5 % from 52-wk high
FOREX-Rs: USD 48.11 / EUR 67.04 / GBP 78.63
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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Inflation plunges to 30-yr low
1st Time It’s Negative; Cheaper Home, Consumer Loans Likely
New Delhi: The rate of inflation, as measured by the wholesale price index, has turned negative for the first time in over three decades. The widely watched WPI fell 1.61% in the 12 months up to June 6, sharply below the previous week’s rise of 0.13%. This makes India possibly the only country with a negative inflation rate, though a number of European countries are nearing zero levels.
But unlike in Europe, where demand has been contracting, India isn’t facing a deflation as industrial output remains positive and the inflation rate measured by the consumer price index (CPI) still stands at around 8% and shows no signs of a let-up.
Sebi abolishes entry load on mutual funds
Mutual fund investors will soon get more value on their investments. Market regulator Sebi on Thursday abolished entry load—the fee that is deducted from the amount of money one invests in an MF scheme—for all schemes.
At present, fund houses are allowed to charge up to 2.5% of the initial investment as entry load. So, if one invests Rs 10,000 in an MF scheme, Rs 250 is deducted upfront by the fund house and Rs 9,750 is invested. Very soon the whole of Rs 10,000 will be invested on behalf of the investor.
However, there is a catch—if one invests through an MF distributor or an investment advisor, the distributor or the advisor can charge the investor a fee for suggesting the right MF scheme.
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India largest investor in UK after US
After United States, India with 108 projects is the largest investor in United Kingdom in terms of number in 2008-09 as against 75 in the previous year."
Investment from India increased across a range of sectors including IT, Life Sciences and advanced engineering sectors and was a mix of acquisitions and expansions," a UK Trade & Investment, UK Government's international business development organisation, release said.
UKIT, however, did not mention the quantum of investment. HCL's euro 450 million buy of Axon, ONGC's more than euro one billion acquisition of Imperial Energy and Dr Reddy's purchase of a clinical trials unit were the prominent investments from Indian side in UK last fiscal.
http://economictimes.indiatimes.com/India-largest-investor-in-UK-after-US/articleshow/4677257.cms
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IcySpicy
‘I CAN’T ROMANCE ANYONE BUT MY GIRL’
Imran Khan opens up to BT about work and women...
Imran Khan hasn’t shot for a single day since February. And is he worried about that? On the contrary, he is extra chilled out.
Currently preoccupied with building muscle for a new film (like Maamu Aamir, he’ll sport eight packs, perhaps!), pilates and pushups aside, Imran’s nose is buried deep in a pile of scripts. But he hasn’t been in front of the camera by choice.
He doesn’t subscribe to the view that out of sight is out of mind. “If you’re a good actor, even if you’re missing for years on end, your audience still remembers you. There is a standard wisdom that you need to be in the public eye constantly. You need to keep working. Otherwise the public will forget you. That is such b......t! No one can accept that I wish to take it slow,” he says.
The euphoria following Jaane Tu Ya Jaane Na hasn’t died down, and though temptation knocks on his bungalow gates every day, the lighteyed, blue-blooded Khan has greenlighted just three films: Aamir Khan’s Delhi Belly (English); Sanjay Gadhvi’s 7 Days in Paris; and, Karan Johar’s untitled film with Sonam Kapoor.
The rest of the reports are all speculation — that he is doing a film with Ranbir Kapoor directed by Tarun Mansukhani, that he is working with Deepa Mehta, blah-blah. “Most of these announcements are made in the media factory and denied by them. I read the paper each morning to find out what is next,’’ he says.
One of Bollywood’s big hopes currently, Imran explains, “Tarun and I gravitate towards one another at parties because we’re both slightly shy. However, after that election video that we did, he hasn’t even called me. He hasn’t spoken about doing any film with Ranbir and me.’’ As for Deepa’s Midnight’s Children, once again the actor says, “Only the media called me about this film, Deepa didn’t.’’
Imran believes that the entire hype around superstardom is very surreal. “I’m reluctant to buy the hype,’’ says the 20-something actor. “I still go to my old eating joints, I don’t wear designer stuff — so many of my friends are better dressed than I am. And I keep a low profile.’’
Also — he is uncomfortable romancing his heroines. “I’m uncomfortable romancing any girl other than my girlfriend Avantika,’’ he clarifies. As an actor even if he is required to light up the screen with a bevy of beauties, his personal stance still remains that “it’s only my girl and no one else for me.”
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 2.3% today.
SENSEX : 14,521.9 (+1.8%) NIFTY: 4,313.6 (+1.5%)
DOWN..31.5 % from 21,206.77 the 52-week high of SENSEX
UP...........88.7 % 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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