Dhoni The Winner

(click pic to enlarge)

Headline News

From

Emerging India

..........................................................

Quick Update For NRIs, PIOs

Read by NRIs in over 37 Countries Issue No. 197

Evening Edition IST

..........................................................

Headline News in this issue:

• INDIA WINS 2011 ODI Worldcup after 28 years

• Wipro Buys Part of SAIC IT Biz for $150 M

..........................................................

INDIA WINS 2011 ODI Worldcup after 28 years

Indian won 2011 ODI Worldcup by beating Sri Lanka by 6 wickets.

Man of the match: Mahendra Singh Dhoni

Man of the series: Yuvaraj Singh

The ODI Worldcup Final started this afternoon at Wankhede Stadium in Mumbai.

Sri Lanka won the toss and opted to bat.

The first half was marked by a magnificent century by Mahela Jayavardena.

Sri Lanka's run-rate was a little over 4 in the initial 25 overs. However, they took it to average 5.48 by the end.

Sri Lanka made 274 for 6 in 50 overs.

After that, it was a tough fight for India.

India's start was quite shaky. India lost Sehwag and Sachin quite early.

Gautam Gambhir saved the game for India with his 97 runs.

After him, Dhoni and Virat Kohli (35) took the score to a good level.

Yuvraj came in after Virat.

Dhoni scored 91 (not out) including the winning sixer at the end.

Score-card:

Sri Lanka:

* Sri Lanka had a bad start losing Upul Tharanga quite early (c sehwag, b Zaheer) for 2.

* Tilakratne Dilshan played well (b Harbhajan) 33.

* Kumar Sangakkara played very well (c Dhoni b Yuvaraj) 48.

* Mahela Jayawardena not out 103

* Thilan Samaraweera (lbw Yuvaraj) 21.

* Chamara Kapugedera (c Raina b Zaheer) 1.

* Nuwan Kulasekara (run out Dhoni) 32.

* Thisara Perera not out 22.

Total: 274 for 6 in 50 overs.

India:

* Virender Sehwag (lbw Malinga) 0.

* Sachin Tendulkar (c Kumar Sangakkara b Lasith Malinga) 18.

*

Gautam Gambhir (b Thisara Perera) 97.

* Virat Kohli (c & b Tillakaratne Dilshan) 35.

* MS Dhoni not out 91.

* Yuvraj Singh not out 21.

Total: 277 for 4 in 48.2 overs.

Wipro Buys Part of SAIC IT Biz for $150 M

India’s third-largest technology services company, Wipro Technologies, on Friday announced the purchase of a portion of the IT business of Science Applications International Corporation (SAIC) for $150 million. The purchase covers only the IT business of the firm’s oil and gas vertical that provides consulting, system integration and outsourcing services to global oil majors.

The acquisition, new CEO TK Kurien’s first major M&A deal, is expected to help Wipro gain capabilities in areas such as petro-technical data management and petroleum application services and digital oil fields. SAIC primarily supports the upstream operations of oil and gas majors, and has about 1,450 employees who would move to Wipro across North America, Europe, India and the Middle-East, as part of the deal.

The purchase is valued at approximately 0.8 times the revenue and six times the EBITDA on a trailing-12-month basis, Wipro CFO Manish Dugar said. The acquisition will add $188 million in annual revenue to Wipro.

Margins in the business are expected to initially fall but will recover later, he added. Margins for the acquired entity stand at around 13.5% currently. “This will reach or be above Wipro’s margins in the same space in two years,” Dugar said.

( For more details: http://epaper.timesofindia.com/Daily/skins/ETNEW/navigator.asp?Daily=ETM&showST=true&login=default&pub=ET )

..........................................................

Email-id: nri.newsindia@gmail.com

..........................................................

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 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 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. ..........................................................

Do forward NRI.NewsIndia to your NRI friends.

..........................................................

Your feedback is important to us for continuous improvement. Do send your feedback / suggestions to NewsIndia.NRI@gmail.com. Also, forward NRI.NewsIndia to your NRI friends. They may like to subscribe.

.........................................................

. SUBSCRIBE: If you would like email-ids of your friends to be added to our mailing list, then do send their email-ids to us or ask them to send their email-ids to us for inclusion in our mailing list. To subscribe, write to nri.newsindia@gmail.com.

. UNSUBSCRIBE: If you would not like to receive this newsletter, then do let us know. We shall remove your email-id from our mailing list. To unsubscribe, write to nri.newsindia@gmail.com.

..........................................................

Free Hit Counters