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Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 185 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- India on high alert, PM steps in as death toll rises
- Swine flu death toll at 7, Pune epicentre of H1N1
- Three more Australian attacks on Indians in past fortnight
- IcySpicy: Kareena refuses to shoot in Pune due to Swine Flu
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SENSEX : 15,009.8 DOWN 29.2 % from 52-wk high
FOREX-Rs: USD 47.79 / EUR 67.92 / GBP 79.74
Please Note: Sept-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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Swine flu death toll at 7, Pune epicentre of H1N1
Chennai/New Delhi: Swine flu deaths spread beyond the western region claiming the life of a four-year-old boy in Chennai and two more persons from Pune fell victims raising the toll to seven today, as a worried Centre roped in private hospitals to join the battle against the disease.
With swine flu cases in the country surging close to the 1,000 mark, the Centre unveiled fresh initiatives to contain the spread of the deadly H1N1 virus allowing private labs to conduct tests for the disease and private hospitals to provide treatment.
95 fresh case--half of it from Pune--were reported across the country today taking the total to 959.
Pune, the epicentre of the H1N1 virus infections, recorded the fourth swine flu death when 35-year-old chemist Sanjay Tilekar succumbed to the virus at Sassoon government hospital tonight. Tilekar became the seventh victim in the country. A 35-year-old Ayurvedic practioner Babasahib Mane died in the same hospital earlier in the day.
In Chennai, B Sanjay, an asthmatic admitted to a private hospital with kidney and liver-related complications and had tested positive for swine flu, died this morning in the first H1N1 fatality in Tamil Nadu, health officials said.
INDIA ON HIGH ALERT
PM steps in as swine flu death toll rises
WITH three more swine flu deaths in the space of a day and many more cases streaming in from across the country, India’s suddenly staring at a clear and present danger.
After Fahmida Panwala’s death in Mumbai on Saturday, two more succumbed to the virus: Sanjay Tukaram Kokre, a 42-year-old teacher, died in Pune on Saturday night while Praveen Patel, 43, an NRI, passed away at the Ahmedabad civil hospital on Sunday.
Worried about the rapidly rising cases and casualties, Prime Minister Manmohan Singh on Sunday stepped in to take stock of the situation by speaking to health minister Ghulam Nabi Azad.
While the Prime Minister’s Office decided to monitor the situation at the national level and keep tabs on the availability of Tamiflu in the country, the panic-stricken Maharashtra government was considering every possible step to contain the flu, especially with major festivals coming up.
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Three more Australian attacks on Indians in past fortnight
New Delhi: Mohit Mangal, an Indian student from Indore, was beaten up in a Sydney suburb with beer bottles and baseball bats last Friday barely 500m from the mall he worked in, while external affairs minister SM Krishna was in Australia to reassure students like him.
On August 3, attackers sprayed Gaurav Kakkar of Melbourne's Sheila Baxter Institute with capsicum spray, stuffed chilli flakes into his mouth and eyes and beat him with a rod.
On July 27, Paramjeet Singh of Melbourne's Cambridge College was brutally assaulted in Glenroy railway platform.
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IcySpicy
Kareena refuses to shoot in Pune due to Swine Flu
The latest Swine flu epidemic has developed an eerie feeling amongst everyone. An entire last schedule shoot of Dharma Production's ‘Qurbaan’ was cancelled as the shooting was to take place in Pune- the largely affected city with the epidemic.
A source from the unit reveals, "The cast and crew were to travel to Pune on Friday afternoon. Everyone was all set and prepared to leave for the last schedule. But lead actress Kareena Kapoor was adamant on not going to Pune after the break out of Swine Flu in the city where they were headed to shoot. Very little portions had to be shot and the crew really wanted to get done with it as soon as possible and Bebo was required for the scene."
The source continues, "Bebo had a word with the director Rensil D'Silva and asked him to reconsider the shoot. The team members gave it a thought and cancelled the scheduled."
http://www.indianexpress.com/news/kareena-refuses-to-shoot-in-pune-due-to-swine-flu/500220/
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went down by 1.00% today.
SENSEX : 15,009.8 (-1.00%) NIFTY: 4,437.7 (-1.00%)
DOWN..29.2 % from 21,206.77 the 52-week high of SENSEX
UP...........95.0 % from 7,697.39 the 52-week low of SENSEX
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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 Sept-Oct 09 period to be a very good period for making investments in good BSE/NSE index-stocks / mutual funds in India. So, do plan your investments in advance. Do systematic investment (SIP) during these 2 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 1-2 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 Sept-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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