Chanda KochharFrom
..........................................................
Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 209 Evening Edition IST
..........................................................
Headline News in this issue:
- ...And Ratan Tata Scripts Bengal Return
- IBM, HP Opt Out of 2K-cr Aadhaar Project
- Foreign Investors Turn Net Sellers This Year
- Fluid from Rajini’s chest removed
- MEET INDIA'S MOST POWERFUL WOMAN CEO
..........................................................
... And Ratan Tata Scripts Bengal Return
The Tatas have told Mamata Banerjee, West Bengal’s CMdesignate, that they are open to investing in the state. A senior official of the salt-to-software conglomerate has recently written to Banerjee, seeking her co-operation for the group’s future investments, according to sources familiar with the matter.
(For more details, visit: http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2011/05/17&PageLabel=1&EntityId=Ar00105&ViewMode=HTML&GZ=T)
IBM, HP Opt Out of 2K-cr Aadhaar Project
Two of the world’s largest technology companies, IBM and HP, on Monday, opted out of the bidding process for the . 2,000-crore outsourcing contract to manage the world’s biggest citizen identity database, people familiar with the development said.
The Unique Identity Development Authority of India, or UIDAI, headed by Infosys cofounder Nandan Nilekani, had asked vendors to submit their proposals for the contract by Monday evening. After IBM and HP dropped out from the race, the remaining five -- Accenture, Wipro, TCS, HCL Infosystems, and Mahindra Satyam -- will go to the next stage and begin negotiations with UID officials.
In one of the biggest outsourcing contracts to be awarded this year by any Indian government department, the selected vendor will manage all the technology and national repository, which will contain data of all Indian citizens.
IBM and HP executives said that the decision to not participate in the bidding was taken by their global headquarters.
(For more details, visit: http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2011/05/17&PageLabel=9&EntityId=Ar00900&ViewMode=HTML&GZ=T)
Foreign Investors Turn Net Sellers This Year
Foreign funds net-sold Indian shares worth more than 3,700 crore on May 13 on concerns over inflation and the RBI’s aggressive rate stance. The sell-off was the largest single-day share sale in rupee terms in a decade.
(For more details, visit: http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2011/05/17&PageLabel=1&EntityId=Ar00101&ViewMode=HTML&GZ=T)
Fluid from Rajini’s chest removed
Actor Rajinikanth on Monday underwent a minor procedure on Monday where doctors removed excess fluid from his lungs.
(For more details, visit: http://epaper.timesofindia.com/Default/Client.asp?Daily=TOIM&showST=true&login=default&pub=TOI&Enter=true&Skin=TOINEW&AW=1305661549718)
Excerpts from:
The Economic Times Corporate Dossier
India’s Most Powerful CEOs 2011 Rank
Musings on PowerQ&A
CHANDA KOCHHAR IS INDIA’S MOST POWERFUL WOMAN CEO
Overall Powerful CEO Rank: 8
What does power mean to you?
Power means the ability to make a difference. With power comes the responsibility to use the power you have for the good of all the stakeholders whom you serve.
How important is money to you?
I do not see money as a definition of success, but only as a byproduct of success. Beyond a base level of financial security, the prime motivator for one is the extent to which you can have a positive influence and make a larger impact through your work.
Is life at the top lonely?
A CEO's position is in some ways a lonely one because there is only one person at that position in an organisation. So the buck stops with you, and you are held accountable for things that go wrong, just as your leadership is praised for things that go right.
A very important element of the CEO's role is to be that of a stress absorber. In challenging times, a CEO has to stay calm and absorb the stress and not let it distract the team so that they can focus on the task at hand.
Who has been your biggest influence?
There are many people who have played a big role in shaping who I am today. If I were to single one person out, it would have to be my mother, who took charge of the family in a difficult situation after my father's untimely demise, and never allowed anything to come in the way of the personal growth of her children. She supported and empowered me in setting goals and working towards them.
Has your job made your personal life suffer?
No, not at all. I am fortunate to enjoy a full life as a wife & mother, and as a professional. This has been possible with hard work & continuous prioritisation, and the love & support of my family. They have never grudged me the time I spend at work and indeed they celebrate every success that comes my way.
What is your golden rule?
Look ahead to spot opportunities; understand the challenges that come with them; set clear objectives; lay out how to work towards them; and then execute with focus.
Chanda D Kochhar
ICICI
Theatre of Operations: India's largest private lender
Bragging rights: The first woman boss of ICICI Bank
First job: With ICICI, straight out of B-school 27 years ago
Biggest achievement in 2010: Putting the largest private sector bank back on the growth path
Little known fact: Designs many of the saris she wears herself
Green thumb: Husband Deepak is a wind energy entrepreneur
Famous quote: "Women should not expect any special advantages or favors. If they want to grow, they have to put in the hard work and the hours and the travel that's required"
Favourite indulgence: Watching Hindi movies. Preferably on the release date
If she weren't a blue blooded banker: She'd have become an IAS officer
Leadership style: Detail oriented, demands excellence
Global schmooze: Was one of the six global CEOs as Co-chair of the prestigious World Economic Forum (WEF) meeting at Davos, Switzerland
Favourite foreign food: Thai, especially red curry
(For more details, visit:
..........................................................
..........................................................
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 - Growth Option
2. Franklin India Blue Chip Fund - Growth Option
3. Fidelity Equity - Growth Option
4. DSP Blackrock Top 100 Equity - Growth Option
5. HDFC Top 200 - Growth Option
6. ICICI Prudential Dynamic Plan - Growth Option
7. HDFC Prudence Fund - Growth Option
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.
..........................................................
1 comment:
Thanks to 1-minute NRI.NewsIndia for delivering to us only the most important news from India. It saves a lot of our time - a senior software professional in the US
Post a Comment