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Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 207 Evening Edition IST
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Headline News in this issue:
- MOOD AT INFOSYS
- RIL May Buy Out Bharti from Axa JV
- Mahindra Satyam to hire 18,000 employees
- Ratan Tata Ranked CEO #1
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MOOD AT INFOSYS
Infosys Staff Want Founders to Stay, Want Nandan Back
Employees of Infosys have strongly supported the company’s practice of giving CEO positions to founders, an exclusive opinion poll commissioned by ET has found. The software bellwether has been criticised for appointing the founders, rather than professionals, as CEOs.
The poll, conducted among 201 Infosys employees in Bangalore by market research firm AZ Research, found that more than a simple majority (61%) wants founders to become CEOs and consider it a perfect arrangement.
About 75% of those surveyed think Nandan Nilekani, one of the founders and former CEO, who quit two years ago to join the government, should come back as the CEO. A big majority, 74%, feels NR Narayana Murthy, the iconic chairman who is set to step down from his executive role in August, should continue to play an active role and not retire from the company.
(For more details, contact: http://epaper.timesofindia.com/Daily/skins/ETNEW/navigator.asp?Daily=ETM&showST=true&login=default&pub=ET)
RIL May Buy Out Bharti from Axa JV
Mukesh Ambani keen on insurance foray, seen in talks with co for stake buy
Mukesh Ambani-controlled Reliance group is planning to foray into the insurance sector, and is in negotiations with Sunil Mittal-led Bharti to buy its stake in its joint venture with Axa, a French financial services group. The discussions had not yet reached a conclusion, said people familiar with the matter.
Reliance has option of entering the sector on its own or by buying out the Indian promoter of an existing life insurance company such as Bharti. Some of the Indian promoters of life insurance companies are said to be keen to exit because the sector is capital-intensive and returns can take years.
Bharti Axa Life has struggled to make much headway in the hyper-competitive Indian insurance market with a share of just 1.1%.
(For more details, contact: http://epaper.timesofindia.com/Daily/skins/ETNEW/navigator.asp?Daily=ETM&showST=true&login=default&pub=ET)
Mahindra Satyam to hire 18,000 employees in FY'12; stock up
IT firm Mahindra Satyam on Thursday said it plans to hire about 18,000 people during this fiscal.
"We have plans of hiring about 18,000 people this year (FY'12). Over 5,000 are from campuses and the rest are from lateral hiring or recruitment of experienced hands," Mahindra Satyam Head Recruitment and Media Sridhar Maturi told PTI.
At the end of the third quarter (October-December period), Mahindra Satyam's headcount stood at 28,832, an increase of 764 personnel from 28,068 employees on September 30, 2010.
The company has its development and delivery centres in the US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore and Australia by which the company serves numerous clients, including several Fortune 500 companies.
Ratan Tata
TATA GROUP
The Economic Times Corporate Dossier
Also known as:
India's most eligible bachelor
Theatre of Operations:
Increasingly, everywhere around the world!
Did you know that:
Upon graduating he turned down an offer from IBM on the advise of JRD Tata
Started his career with:
Tata Steel on the shop floor
Leadership style:
Aloof and understated but always on the ball
Favourite Allies:
His German Shepherds
Newly-famous Quote:
"I came close to getting married four times"
Thorn in his side:
His connection with the 2G spectrum scam
If he weren't leading a $71 billion conglomerate he'd be:
Flying planes
Family:
Brother Jimmy, half brother Noel and three half sisters
Latest project:
Designing and building a new home in Mumbai's Colaba neighbourhood
Likely successor:
If we told you we'd have to kill you
(For more details, click
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Investment & Wealth Creation Advice (Some Golden Rules)
Please note that our advice is primarily for investors and not for speculators. Investors typically invest with a 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue. However, it is worth reading it again and again to get your investments on the right tracks as what we have stated below is based on some golden rules of investing.
Indian nationals & PIOs can expect about 15-25% returns year-on-year
Indian capital markets have been thrown open to individual foreign investors in the budget announced recently. Now, PIOs can also invest in Indian Mutual Funds (MFs).
Indian Investors can expect 15-25% returns year-on-year if they invest in MFs which are rated 5-star by rating agencies. It would mean, NRIs, PIOs as well as Resident Indians will be able to double their investments in MFs every 3-4 years, taking almost no risk. So, India offers a great investment opportunity.
NRI.NewsIndia recommends investment in Indian Mutual Funds taking the SIP(Systematic Investment Plan) route. An individual investor may like to schedule weekly or monthly investments in select mutual funds from now onwards.
Kaun Banega Karodpati?
Only Rs. 2,000 per month invested in a 5-star rated mutual fund in India for 30 years, will make you a Karodpati. Most of you can easily do this much investment in your name and/or in the name of each family member.
NRI.NewsIndia Recommends investment in the following Mutual Funds:
1. HDFC Equity Fund
2. Franklin India Blue Chip Fund
3. Birla Sunlife Frontline Equity Fund – Plan A
4. DSP Blackrock Equity Fund – Dividend
5. HDFC Top 200
6. ICICI Prudential Dynamic Plan
7. HDFC Prudence Fund
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 more than 15% of your investment in any one mutual fund, stock or sector.
NRIs & PIOs should not keep all their money in just one country. Keep 20-33% in nationalized banks in India or in private banks like HDFC, ICICI, HSBC etc.
As actors & sportsmen can never be sure about their earnings after 5-10 years, they should invest 50% of their earnings every month in Fixed Deposits, Mutual Funds and Real Estate.
If you suddenly get a few lakhs or a few crores, do not invest the sum in a hurry. Park it in a Fixed Deposit for a couple of quarters. Consult one or two investment advisors and then invest the amount in a proper manner.
Never go by your gut feel or a freind's advice when it comes to investing your money. Always consult one or two investment advisors before you make your investments.
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 20-40% 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.
For a FREE First Consultation before investing in Mutual Funds in India, write to psm@amsoftconsulting.com.
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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