Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 182 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- ANOTHER LANDMARK FOR MUMBAI
- 81 attacks on Indians in Oz since May 23
- ‘Emerging markets may decouple’
- IcySpicy: Bollywood : Chalo US
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SENSEX : 14,658.5 DOWN 30.9 % from 52-wk high
FOREX-Rs: USD 47.77 / EUR 67.4 / GBP 78.49
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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ANOTHER LANDMARK FOR MUMBAI
We want to make Mumbai an international financial centre. Hence, good infrastructure is needed—Sonia Gandhi after inaugurating the Bandra-Worli Sea Link named after her late husband Rajiv Gandhi Costing Rs 1,634 crore, it will be sold by the govt to the successful bidder for the next link (Worli-Haji Ali) for only Rs 282 crore in order to ease the hefty toll burden on users.
81 attacks on Indians in Oz since May 23: Govt to RS
A total of 81 confirmed cases of attacks on Indians, including students, have been reported in Australia since May 23, the government informed Rajya Sabha.
http://timesofindia.indiatimes.com/
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‘Emerging markets may decouple’
Robert Parker, vice-chairman at Credit Suisse Asset Management, believes growth will accelerate in emerging markets, notably China and India, helping these countries decouple from developed economies.
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IcySpicy
Chalo US
BOLLYWOOD BIGGIES TO ENTERTAIN FANS IN CHICAGO, HOUSTON IN ASIAN CARNIVAL
Who said the US is going through recession? Certainly not the Asian community there which is happily ready to spend upto $25 a head to ‘Meet-and-Greet’ Bollywood stars in an Independence Day carnival that’s being held in Chicago and Houston coming August 15 and 16.
The promoter of this South Asian Carnival, one Farhanth Hussain who hit a goldmine with his first such event involving stars in 1986, is considered the leading Asian promoter of Bollywood in UK and US.
And if his track record is anything to go by, leading Bollywood biggies have agreed to go to the US to meet and interact with fans, pose for pictures, and generally give the paying public their paisa vasool.
Shah Rukh Khan is supposed to be going, and so are Katrina Kaif, Saif Ali Khan, Kareena Kapoor, Bipasha Basu, Dia Mirza and Gulshan Grover.
Confirming his participation, Grover said even playback singers like Kumar Sanu, Bala Subramanian, Krishna, Mohammad Salamat, Atif Aslam, Ali Zaffer and Amanat Ali are slated to join the contingent.
There is also going to be a strong team of celebrity designers from India who will hold fashion shows for the audiences there. And cookery experts who will set up food courts.
The carnival, to be held at Chicago’s Rosemont Convention Centre and Houston’s Reliant Park, attracts upto 50,000 visitors each day.
Meanwhile, Bollywood fans in Indiana face the disappointment of having a show there tomorrow featuring Ameesha Patel, Tusshar Kapoor and Gulshan Grover among other stars cancelled. This was in aid of a charity organisation. “But the organisers couldn’t manage to get work permits for the entire troupe. Around 1,000 people were going to perform Jai Ho!,” said Gulshan.
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 0.1% today.
SENSEX : 14,658.5 (+0.1%) NIFTY: 4,348.9 (+0.2%)
DOWN..30.9 % from 21,206.77 the 52-week high of SENSEX
UP...........90.4 % 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 about 11,000 level in the next couple of 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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