From
Emerging India
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Quick Update For NRIs, PIOs &
Software Professionals Staying Abroad
Read by NRIs in over 37 Countries
Issue No. 192 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Bharti-MTN merger deal called off with South Africa rejecting the structure
- Australia beat Pakistan by 2 wkts, end India's campaign
- 'Psycho' dad locked up 3 daughters, wife for 7 years in Mumbai
- IcySpicy: Living with parents was natural, normal, Abhi-Aish tell Oprah
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SENSEX : 17,126.8 DOWN 19.2 % from all-time high
FOREX-Rs: USD 48.02 / EUR 70.26 / GBP 76.54
Please Note: October 2009 is expected to be a great month 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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Bharti-MTN merger deal called off with South Africa rejecting the structure
NEW DELHI: Bharti Airtel on Wednesday called off the much-hyped $23 billion deal for amalgamation with South Africa's MTN after nearly four month-long intense discussions.
This is the second time in just over a year when Sunil Mittal-led Bharti Airtel has been forced to abandon talks for amalgamation of the two organisations in a complex deal that also required Indian government's clearance for dual listing.
"The structure needed an approval from the government of South Africa, which has expressed its inability to accept it in the current form," Bharti said in a statement while applauding the support given to the proposed deal by finance minister Pranab Mukherjee and others.
Australia beat Pakistan by 2 wkts, end India's campaign
CENTURION: Defending champions Australia pulled off a dramatic last-ball victory over Pakistan in a low-scoring thriller to romp into the semi-finals of the Champions Trophy and bring a pre-mature end to India's listless campaign.
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'Psycho' dad locked up 3 daughters, wife for 7 years in Mumbai
It's a story that will send a chill down your spine, a story of a 60-year-old father, who locked, beat and starved his wife and daughters for 7 years.
Francis Gomes, a 60-year-old unemployed man, living in Mumbai along with his wife and 3 daughters had confined his family in the house since 2002.
The father allegedly kept them locked up as he was convinced that his girls would be raped if they even stepped out of home.
It is believed that every morning before Francis left home he would lock the door giving the impression that the family was away. The women were often denied food and fresh clothing. The windows had been boarded, denying them sunlight; they were prohibited from watching television, so much so that when the youngest daughter failed her college exam, the father hit her so hard that she suffered severe neck injuries.
A few months ago, Francis' second daughter along with the help of an NGO managed to escape the clutches of her father. While the social workers managed to rescue her, the other 3 women were too scared to leave the house with them, fearing that Francis would successfully hunt them down.
Fortunately, on Tuesday morning social workers belonging to the NGO Anand Rehabilitation Centre along with the police rescued the three women from the house, while Francis was away. The police now have Mumbai's psycho dad Francis Gomes in their custody, after local resident in Vasai, Mumbai informed the police about his whereabouts following reports in the media.
While the girl, who suffered neck injuries, is being treated in a government hospital, the other two daughters, who are malnourished and traumatised, are under psychological care. The wife too is under medical care.
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IcySpicy
Living with parents was natural, normal, Abhi-Aish tell Oprah
Bollywood's star couple Aishwarya Rai and Abhishek Bachchan discussed their family life on The Oprah Winfrey Show on September 28.
With about five billion fans globally, Filmfare Award winners Aishwarya Rai (Devdas), 35, and Abhishek Bachchan (Bunty Aur Babli), 33, described living with Abhishek's parents as normal and absolutely natural.
Abhishek's grandparents also lived with them before they passed away.
They have to abide by few household rules also-like having one meal a day together if everybody is in Mumbai, where they live. When they have time for themselves, they spend it at home with each other, family and friends, instead of going to exotic places.
Acclaimed Hindu statesman Rajan Zed applauded the couple for highlighting Hindu traditions and respect for the parents, who are revered in Hinduism.
http://www.indianexpress.com/news/living-with-parents-was-natural-normal-abhiaish-tell-oprah/523233/
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 1.6 % today.
SENSEX : 17,126.8 (+1.6%) NIFTY: 5,084.0 (+1.5%)
DOWN..19.2 % from 21,206.77 the all-time high of SENSEX
UP...........122.5 % 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 13,000 level in the next few weeks. We expect October 09 (2nd half) 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 this period.
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 further in the next couple of months.
Do consult your investment advisor before making any investment decisions.
Do not purchase shares of a good company at a wrong (high) 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.
Also, never take any loan to invest in stocks or mutual funds.
Make sure that you invest when prices are low and divest when prices are high (which will be the case in Q1-2011).
Please note that October 2009 (2nd-half) 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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