From
Emerging India
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Quick Update For NRIs, PIOs &
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Read by NRIs in over 37 Countries
Issue No. 194 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- ANDHRA SPLIT WIDE OPEN
- FOOD INFLATION AT 10-YR HIGH
- VW-Suzuki may drive Rs 2.5-lakh car in India
- IcySpicy: Lindsay Lohan living the life in India!
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ANDHRA SPLIT WIDE OPEN
93 MLAs, 5 MPs Cutting Across Party Lines Quit
Hyderabad: Andhra Pradesh on Thursday plunged into a political crisis with the Congress high command setting the ball rolling to hive off a separate Telangana.
The move split the ruling party, TDP and PRP legislators virtually on regional lines and 93 MLAs from the three parties and at least five MPs cutting across party lines submitted their resignations to the respective speakers in protest against the Telangana development.
Even as chief minister K Rosaiah feigned ignorance of the resignations, a cabinet meeting late in the evening saw the Andhra and Rayalaseema ministers taking on their Telangana counterparts. Rosaiah, whose weak administration was completely caught unawares by the accelerating fury of the Telangana campaign, watched helplessly.
Why Cong hit fast-forward mode
New Delhi: The ‘state-hood-at-midnight’ move by the Centre on Telangana was forced by TRS chief K Chandrasekhar Rao’s deteriorating health and the fear that it could lead to anarchy and lawlessness.
On Thursday, the Congress tried to dispel the perception that it was forced into taking the decision, which has drawn sharp reactions from the people and their representatives from other regions of the state. Law minister Veerappa Moily, who oversees party affairs in AP, said, “The Congress takes the right decision at the right time.’’
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FOOD INFLATION AT 10-YR HIGH
ECONOMIC actors such as food product makers, taxi operators and restaurateurs seem primed to trigger an inflationary spiral as they attempt to cope with soaring prices of items such as dal, onions and eggs.
Food price inflation, which is generally attributed to supply side pressures and not amenable to management through policy action, may be returning to haunt India. By spilling over to the rest of the economy, it could force demands for higher wages from drivers to electricians and has the potential to push up overall inflation, including for industrial products.
On Friday, official data showed that inflation in food articles climbed to 19.05% for the week ended November 26, its highest level in a decade, from 10.48% a year ago. It crossed 20% last in 1998.
http://epaper.timesofindia.com/Daily/skins/ETNEW/navigator.asp?Daily=ETM&showST=true&login=default&pub=ET
VW-Suzuki may drive Rs 2.5-lakh car in India
THE Volkswagen-Suzuki alliance plans to develop a brand new small car for the Indian market in the Rs 2-2.5 lakh range, which could replace the Alto when the Indian arm of Suzuki decides to retire its top-selling model.
"We will need a car in the Rs 2.5-lakh apiece range. First we had the M800, then the Alto. At some point we will need a replacement for the Alto. That price range is the entry level for Indian customers today, so we can't leave that segment open," Maruti Suzuki chairman RC Bhargava told ET.
Volkswagen and Japan’s Suzuki Motor had, on Wednesday, announced a deal which will see the German carmaker picking up a 19.9% stake in Suzuki for $2.5 billion. The companies plan to develop small cars and electric vehicles under both brands.
The new car that will be priced at $4000-5000 in the European market will be the cheapest car from the Volkswagen stable below the Up, which carries a price tag of around $8800.
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IcySpicy
Lindsay living the life in India!
Actress down to work on documentary on impoverished children and sex trafficking
India seems to have given actress Lindsay Lohan a reality check. Here to film a documentary on impoverished children and sex trafficking, she has been tweeting with good regularity about what she’s experiencing.
A day before she left the US, Lindsay seemed excited about her India trip as she was “going to make one of my lifelong dreams on my list of things to do in this lifetime!” She also seemed eager to leave the LA lights behind and do some work at the grassroot level.
Hollywood’s wild child, previously more famous for her hookups, alcohol and drug addictions, has changed tracks completely in India and started getting philosophical about life. She now says, “Count your blessings. Please try and do something to make a difference for others.”
A mobile phone photo she clicked of a decrepit and battered village has Lindsay saying, “Focusing on celebrities and lies is so disconcerting, when we can be changing the world one child at a time. I hope everyone can see that. Keep telling people about what’s going on in all the second and third world countries and people will want to help too.”
She also defended herself from criticism, “One at a time. I’m only one person. Let’s not start judging and looking for negatives that don’t exist. How do you know what I'm seeing? You will see what I’m really seeing and doing soon, just wait.” And she ends her post with a sanctimonious “time to bring focus to the things that need help in life. It’s never too late to start helping others, however you can. Over 40 children saved so far. Within one day’s work. This is what life is about. Doing this is a life worth living!” Way to go Lindsay!
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex came down by 0.4 % today.
SENSEX : 17,119.0 (-0.4%) NIFTY: 5,117.3 (-0.3%)
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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 go up to about 19,000 by the first week of January, 2010. After that there could be a sudden fall of 30-40% in a couple of months. After that the 3-4 year bull run will commence. So, invest & divest with care in the next couple of 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 further in the next few 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).
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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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