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. 191 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- LeT planning major strike?
- Controversy Over Nuclear Test Results; We’re Ashamed, Say Ex-Chiefs
- 8 more deaths in Pune, H1N1 toll soars to 52
- Plush Mumbai bldgs have no water in taps
- NIFTY KISSES 5000
- McDonald’s has accumulated losses even after 13 years of Indian operation
- IcySpicy: Why Rani showed-off her sexy body?
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SENSEX : 16,741.3 DOWN 21.1 % from all-time high
FOREX-Rs: USD 48.13 / EUR 70.87 / GBP 78.84
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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LeT planning major strike?
NEW DELHI: A spate of travel advisories warning visitors to India of a terror strike added to a festival security alert as an Israeli counter-terrorism unit warned its citizens that they could be targets in India. Now apart from US that has also issued a similar warning, UK and Canada have come out with advisories too.
The Israeli alert specifically speaks of the "group responsible for the serious Mumbai attacks" planning more outrages in India, particularly against concentrations of western or Israeli tourists. The reference is unmistakably to the Pakistan-based Lashkar-e-Taiba. There have been several warnings about a major terror strike in the past months, including one about another landing on the western coast.
http://timesofindia.indiatimes.com/news/india/LeT-planning-major-strike/articleshow/5028699.cms
Probe Pokhran-2, say N-scientists
Controversy Over Test Results Blows Up; We’re Ashamed, Say Ex-Chiefs
Eleven years after India tested nuclear bombs in the deserts of Pokhran, embarrassing details about the test fizzling out have exploded into a full-blown controversy with top nuclear scientists on Thursday demanding that the government institute an inquiry to determine whether the May 1998 test failed. Former nuclear czars said they were ashamed that information had been hidden.
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8 more deaths in Pune, H1N1 toll soars to 52
Pune: The H1N1 toll in the city climbed to 52 on Thursday with eight more people succumbing to the contagion.
Four deaths occurred on Thursday, three a day earlier while a seven-year old boy died on Tuesday.
Plush Cuffe Parade, Mumbai bldgs have no water in taps
Mumbai: The area which commands some of the most exorbitant property rates in the country lacks a basic amenity that far poorer areas have more of: water. Home to corporate honchos, industrialists, share brokers and businessmen, Cuffe Parade in South Mumbai is known for its towering skyscrapers and plush apartments. Yet, day after day, hundreds of water tankers quench the thirst of the movers and shakers who reside here.
According to the Cuffe Parade Residents’ Association (CPRA), there are about 45 buildings in this area, many of which are forced to summon a convoy of tankers daily. And no, the problem has nothing to do with this year’s failed monsoon—acute water shortage is something that has plagued the area for the past two decades.
The prime reason for this is bad urban planning. Cuffe Parade’s high-rises came up on a piece of reclaimed land around 40 years ago without attention to basic infrastructure despite the protests of environmentalists.In the parking area of Maker Tower A & B, where some of the most expensive apartment transactions are recorded every year, one finds a stream of highend Mercs, BMWs and Skodas along with a dozen bulky water tankers which roll into the compound every morning.
“We are talking about over 4,000 water tankers per annum at a cost of around Rs 15 lakh,’’ says a source in the Maker A & B complex, which has 150 flats. “The water pressure in the BMC pipeline is low and now even the supply timings are curtailed because of the overall water cut in the city.’’
NIFTY KISSES 5000
NIFTY, the favourite 50-share index used by traders to bet on the future, briefly flirted with the psychological 5,000 mark in a global rally of stocks on hopes that the worst global recession since the Great Depression is coming to an end. But the 68% surge this year has also made some believe that gains from here may be limited if the economic and earnings data do not catch up.
Big Mac not lovin’ Indian ‘take-aways’
Thirteen Years Since Entry, Offshoots Making Losses
GLOBAL fast-food chain McDonald’s is not finding much filling between the slices of buns here, as its accumulated losses, 13 years after it entered India, stand at about Rs 350 crore.
Delhi-based Connaught Plaza Restaurants, one of the burger chain’s two subsidiaries in India, which operates the franchises for the north and east, showed Rs 211.41 crore of accumulated losses in its balance sheet for fiscal 2008.
Mumbai-based Hard Castle Restaurants, the other subsidiary, which operates the franchise business in the western and southern markets, had posted accumulated losses of Rs 119 crore in fiscal 2008. McDonald’s India has a 50:50 JV with both the subsidiaries.
“There is nothing extraordinary about accumulating losses when you are starting in a country with a great potential and growing fast,” a spokesperson for McDonald’s India (north & east) said in response to an email query sent by ET.
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IcySpicy
Why Rani showed-off her sexy body?
Believe it or not, but the whole ‘bikini top ‘n’ skimpy shorts’ avatar in short — flaunting Rani Mukerji’s hot new bod wasn’t her idea. Not even the producer or director had anything to do with it.
After she realised how much she had toned up (to play a male cricketer in Dil Bole Hadippa!), Rani just happened to discuss this idea with her designer friend Manish Malhotra. And from there on it was Manish’s game plan, after all, he’s transformed many a Bollywood girl in to glam queens.
He suggested that it would be a pity to waste such a well-toned body by not showing it off. That’s how the idea of a special song was born. And is she looking hot?
Talk about her ‘shapely’ success, and Rani says, “Believe me, I didn’t starve at all. I love my food, especially rice and sweets. There was no way I was giving up all that. So, I just worked out harder and was occasionally allowed my ‘cheat’ meals of rice, sweets, etc. And I’m happy. All gain, no sacrifice.”
Imagine our Bong tigress on a ghaas-phoos diet? That’s not fair to such a beauty, na?
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 0.2 % today.
SENSEX : 16,741.3 (+0.2%) NIFTY: 4,976.1 (+0.2%)
DOWN..21.1 % from 21,206.77 the all-time high of SENSEX
UP...........117.5 % 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 11,000 level in the next couple of months. We expect October 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 (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.
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 October 2009 is expected to be a great month 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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