Headline News
From
Emerging India
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Quick Update For NRIs, PIOs &
Software Professionals Staying Abroad
Issue No. 187 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Andhra CM YSR's cremation at native town tomorrow
- Spielberg unveils his 'dreams' for India
- Mumbai named among 'world capitals of the future'
- IcySpicy: Priyanka Chopra signed as Brand Ambassador for ‘Levis’
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SENSEX : 15,398.3 DOWN 27.4 % from 52-wk high
FOREX-Rs: USD 48.90 / EUR 67.79 / GBP 79.64
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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Andhra CM YSR's cremation at native town tomorrow
Hyderabad: The body of Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy, who was killed in a helicopter crash, will be brought to Hyderabad from Kurnool by 5 pm, finance minister K Rosaiah said on Thursday.
Rosaiah told reporters here that an autopsy will be conducted on all the five bodies that were found in the Nallamalla forests in Kurnool district.
The 60-year-old chief minister, popularly known as YSR, was going from Hyderabad to Chittoor, 588 km away, for a mass contact programme when his helicopter went missing in bad weather around 9.30 am on Wednesday in the dense forest range.
Flying with YSR were his principal secretary P Subramaniam, chief security officer ASC Wesley and pilots Group Captain SK Bhatia and Captain MS Reddy."All the five bodies were charred beyond recognition," Rosaiah said. He added that there was a possibility that "there was a fire" after the crash.
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Spielberg unveils his 'dreams' for India
As far as the Indian entertainment business goes, it doesn't get bigger than this one.
Reliance ADAG will get cult Hollywood director Michael Bay — of the superhit 'Transformers' franchise that grossed over US $700 million worldwide — to direct a film for it. This will be followed by two more films in which Steven Spielberg will be actively involved — the legendary director will even wield the megaphone for one.
Earlier this year, Reliance Big Entertainment (RBE) and Steven Spielberg's DreamWorks Studios entered into a much-publicised US $825-million deal. The Michael Bay-helmed film 'I Am Number Four' is the first instalment of that venture.
Says Stacey Snider, co-chair and CEO of DreamWorks Studios, "With the backing of Reliance, we are able to continue developing our slate and producing films for worldwide movie-going audiences...and with 'I Am Number 4', we'll continue our successful partnership with Michael Bay who truly delivers movies that have mass global appeal."
http://timesofindia.indiatimes.com/news/india/Spielberg-unveils-his-dreams-for-India/articleshow/4966197.cms
Mumbai named among 'world capitals of the future'
CHICAGO: India's financial hub Mumbai is emerging as one of the "world capitals of the future", with an expanding industrial base, the world's largest movie industry and a burgeoning middle class making the city globally prominent, a latest study has said.
Other Indian cities, Bangalore and Hyderabad, also find mention alongwith Mumbai with the two cities having "leveraged software and business services into a seemingly unstoppable growth engine," according to a Forbes.com report.
"Mumbai's prominence rests not just on an expanding industrial base, but also on the illustrious Bollywood, the world's largest movie industry. The bust of Mumbai's ridiculous housing-price boom has actually seemed to help the economy," the report by Forbes columnist and presidential fellow at Chapman University, Joel Kotkin said.
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IcySpicy
Priyanka Chopra signed as Brand Ambassador for ‘Levis’
We all know that life in Bollywood is one roller coaster ride. The fate of every actor changes with every passing Friday. The same is the case with Priyanka Chopra, who, after having a shaky start, has now become the eternal reigning Queen of Bollywood.
With Fashion and Dostana as the latest additions in her kitty, Piggy Chops has never had it so good (read ‘best’). She, in no time, became the ‘Face’ of a million products...practically every second FMCG product!
According to our confirmed sources, the latest addition in her kitty is the international denim brand Levis, which has allegedly signed Priyanka for an astronomical amount! If that wasn’t enough, our sources also added that the company has even roped in the ace fashion designer Tarun Tahiliani, who will be on board for a special edition of the denims called ‘Diva’.
One must admit that, the real cool thing about this endorsement deal is that, after having signed up with Akshay Kumar, Shahid Kapoor, Kangna Ranaut and Deepika Padukone, the story only gets more masaledaar with Priyanka Chopra coming on board!
http://www.indianexpress.com/news/priyanka-chopra-signed-as-brand-ambassador-for-levis/512229/
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went down by 0.4 % today.
SENSEX : 15,398.3 (-0.40%) NIFTY: 4,590.6 (-0.40%)
DOWN..27.4 % from 21,206.77 the 52-week high of SENSEX
UP...........100.0 % 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 (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 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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