Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 183 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Hillary Clinton meets India Inc at Taj, Mumbai
- Economy can't be held hostage by Ambanis bros: Govt
- Court grants interim bail to Rita Bahuguna Joshi
- IcySpicy: Hillary heaps praise on Aamir for his education campaign
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SENSEX : 14,744.9 DOWN 30.5 % from 52-wk high
FOREX-Rs: USD 48.62 / EUR 68.65 / GBP 79.63
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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Hillary Clinton meets India Inc at Taj, Mumbai
MUMBAI: US Secretary of State Hillary Clinton on Saturday had a breakfast meeting with top honchos of India Inc at the iconic, sea-facing Taj Hotel here.
Amongst those from India Inc who were present at the meeting included Ratan Tata, Chairman of Tata Group and Reliance Industries' Mukesh Ambani.
Others present were the chiefs of India's two largest banks, O P Bhatt of State Bank and Chanda Kochhar of ICICI Bank, Swati Piramal and Sudha Murthy, wife of Infosys Founder N R Narayana Murthy and a leading proponent of corporate social responsibility (CSR) initiatives in the country.
Clinton arrived here on Friday night on an official visit to India during which high-level discussions are likely to promote bilateral co-operation in USD 30-billion Indian civil nuclear power programme and USD 43-billion bilateral trade.
In response to a question of Times Now Editor-in-Chief, Hillary Clinton said: I consider India not only a regional power but a global power. I think India has the opportunity to resolve problems regionally and work with other nations to solve some of the global challenges. How India decides to do that is upto India.
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Economy can't be held hostage by Ambanis bros: Govt
The government has slammed the Ambani brothers for having created a private feud over a national asset - natural gas. In an independent appeal filed in the Supreme Court on Saturday, the Centre adopted an unusually belligerent stand towards the two powerful industrial groups while asking them to stop squabbling over something that didn't belong to them.
Court grants interim bail to Rita Bahuguna Joshi
MORADABAD: Released on interim bail, UPCC President Rita Bahuguna Joshi on Saturday regretted some of her remarks against Mayawati, but said it was a state-sponsored attack on her residence and the chief minister had no right to continue in office.
"I regret that one word I used against the chief minister ... I crossed the limits but the context in which it was made should be understood. My purpose was to convey the plight of dalit women (who were raped) and the woman chief minister should have understood the context," she told reporters coming out of the jail.
60-year-old Joshi, who was arrested and remanded to 14 days' judicial custody on Thursday in connection with the case against her under provisions of the IPC and SC/ST Act for her derogatory remarks against Mayawati, said her struggle on women's issues would continue and was prepared to go to jail hundred times for it.
She said it was unfortunate that the state government applied certain provisions of law which should not have been used. "See, I have got bail within two days," she said.
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IcySpicy
Hillary heaps praise on Aamir for his education campaign
Bollywood actor Aamir Khan came in for special praise from US Secretary of State Hillary Clinton for his acting pursuits and also his involvement with education campaigns.
"It is a great delight to be here with Aamir Khan, who is not only a Bollywood icon but also the great advocate for education," Clinton said during a special interactive session with the students of Xavier College in Mumbai in which Khan was also present.
"I am here to see how US and India can work for the common cause of education, which is the great equaliser and gateway to opportunities," Clinton said.
Khan, the brand ambassador of an education campaign, who brought fore the need of special care to the differently-abled students with his award-winning film on autism "Taare Zameen Par", said children should be encouraged to be creative in their life and there should be less emphasis on memorisation.
http://www.indianexpress.com/news/hillary-heaps-praise-on-aamir-for-his-education-campaign/491123/
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 3.5% today.
SENSEX : 14,744.9 (+3.5%) NIFTY: 4,375.0 (+3.4%)
DOWN..30.5 % from 21,206.77 the 52-week high of SENSEX
UP...........91.6 % 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 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. Do systematic investment (SIP) during these 3 months.
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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