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:
- Diwali sparkle brings smiles back
- India-born biologist wins Chem Nobel
- Obama’s Diwali-Day
- One in four people worldwide is Muslim
IIMs can spread wings abroad
- IcySpicy: A stampede almost!
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SENSEX : 17,326.0 DOWN 18.3 % from all-time high
FOREX-Rs: USD 46.25 / EUR 68.99 / GBP 75.64
Please Note: 2nd half of October 2009 is expected to be a great period for Making Investments In India. Do Plan your investments.
Do read Investment Advice for long-term investors, in this issue.
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Diwali sparkle brings smiles back
If the night is darkest before daybreak, then Diwali 2009 seems to be a new dawn. Renewed consumer interest and happy faces thronging the bazaars are a sure sign that the economy has regained its breath after the suffocation of the past year.
Thursday's festival of Dhanteras sealed all doubt that tightfistedness is a thing of the past. Where the odd buyer had leisurely browsed near-vacant stores last year, this time stores were brimming with customers until midnight despite the record-breaking rate of Rs 16,000 per tola. "Business is up 30% this year,'' says Alisha Anand of Bandra's Popley Jewellers, adding with a laugh, "We closed shop at 2.00 am Friday.''
OBAMA’S D-DAY
Barack Obama became the first
India-born biologist wins Chem Nobel
‘Venky’ Ramakrishnan Shares Prize With Two Others For Work On Proteins That Control Life
Washington: An India-born structural biologist whose quest for scientific excellence took him from undergraduate schools in India to graduate and post-doc studies in the US and research in the UK was jointly awarded the Nobel Prize in Chemistry on Wednesday for work on proteins that control life.
Dr Venkatraman ‘Venky’ Ramakrishnan, 58, who had his early education in the temple town of Chidambaram (Tamil Nadu) and Vadodara (Gujarat), before he made tracks to the US, joined the long list of peripatetic Indians who had early education in India but thrived in the western academic eco-system, to have won the Nobel. Also with a chemistry Nobel, Indians or those with an India-connect figure in all prize categories.
The Swedish Nobel Committee awarded the prize to Dr Ramakrishnan, who is currently affiliated with the MRC Laboratory of Molecular Biology in
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One in four people worldwide is Muslim
The global Muslim population stands at 1.57 billion, meaning that nearly 1 in 4 people in the world practice Islam, according to a report on Wednesday billed as the most comprehensive of its kind.
The Pew Forum on Religion and Public Life report provides a precise number for a population whose size has long has been subject to guesswork, with estimates ranging anywhere from 1 billion to 1.8 billion.
The project, three years in the making, also presents a portrait of the Muslim world that might surprise some. For instance,
“This whole idea that Muslims are Arabs and Arabs are Muslims is really just obliterated by this report,” said Amaney Jamal, an assistant professor of politics at
Margao blast: Two detained, death toll rises to 2
Goa Home Minister Ravi Naik said police were probing the links of right-wing group Sanatan Saunstha with the blast.
IIMs can spread wings abroad
Govt Also Allows B-Schools To Pick Own Board And Director
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IcySpicy
A stampede almost!
The magnum opus telly show Dance Premier League (DPL) on Sony Entertainment Television this week saw the
While people were cheering and screaming out her name, Kareena said, “I am very happy to be at the DPL selections here. I will surely be cheering for the team as I want them to win.”
What’s adding glam and glitz to this show, which has a unique format, is the presence of heartthrob Salman Khan, gorgeous Bipasha Basu, singer-actor Himesh Reshamiya, actor-producer Sohail Khan, dance guru Prabhu Deva, Arshad Warsi and Shiamak Davar. The stars came, danced and even had participants fainting! Yes, a participant did faint when she realised the handsome Salman Khan was watching her dance!
The selections saw talented and versatile dancers from the entire west zone. Among them was one special dancer who proved that nothing or no one can keep him away for competing for his regional pride. Vishal, a young 20-year-old from Mumbai simply danced like a dream!
From the coming week, the six teams playing the DPL league matches are Uttar Ke Puttar, Southern Sizzlers, Eastern Tigers, Western Yodhas,
Tune in to Dance Premiere League on Fridays and Saturdays on Sony Entertainment Television at 8 pm.
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 0.0 % today.
SENSEX : 17,326.0 (+0.0%) NIFTY: 5,141.8 (+0.0%)
DOWN..18.3 % from 21,206.77 the all-time high of SENSEX
UP...........125.1 % 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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