Sunil MittalFrom
..........................................................
Quick Update For NRIs, PIOs
Read by NRIs in over 37 Countries
Issue No. 211 Evening Edition IST
..........................................................
Headline News in this issue:
Headley gave Taj, Sena HQ video to ISI’s Iqbal
Offshoring Backlash: Infosys told to Clarify Visa Misuse Allegations in US
TCS CEO Creates a New Layer to Oversee Verticals
Indian CEO #3
..........................................................
Headley gave Taj, Sena HQ video to ISI’s Iqbal
Suggested Bal Thackeray Be Targeted In US
Chicago: They showed him a styrofoam mock-up of the Taj Mahal Hotel at the Lashkar-e-Taiba headquarters. He wowed them with video footage from inside the Shiv Sena headquarters. They gave him a GPS device to capture coordinates of targets. He warned them against landing the terrorists at the Gateway of India pier.
In a story that reads like a thriller, a landmark trial in Chicago relating to 26/11 is revealing more details about the prosecution’s chief witness David Headley and his role in the Mumbai terror raid.
Pakistan’s spy agency ISI is being implicated in Headley’s testimony at every level, whether at the inception, planning, or execution stages of the Mumbai attacks.
In a calm, even voice, Headley, dressed in a dull gray jacket and T-shirt, testified in a chronological manner about each one of his 5 visits to Mumbai before and after 26/11.
He said detailed surveillance videos taken during these visits were presented by him to his handler Sajid and to Major Iqbal of the ISI.
(For more details, visit: http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2011/05/25&PageLabel=1&EntityId=Ar00100&ViewMode=HTML)
Offshoring Backlash: Infosys told to Clarify Visa Misuse Allegations in US
The ongoing backlash in the US against Indian outsourcing gained momentum when a district attorney in Texas asked Infosys to clarify on allegations of visa misuse by Jack Palmer, currently working with the company.
(For more details, visit:
TCS CEO Creates a New Layer to Oversee Verticals
Chandrasekaran to get more time for strategy issues & customer calls
In the first significant organisational change since taking charge as CEO of Tata Consultancy Services, N Chandrasekaran, has created a small group of leaders to oversee the company’s various verticals. These leaders will report directly to him and will take charge of businesses with sizes ranging from a few hundred million dollars to over a billion.
The new layer is aimed at freeing up the CEO’s time for strategy issues and customer calls, people with knowledge of the development said. Verticals will also get an opportunity to work closely with each other, they added.
A TCS spokesperson confirmed these developments, but said no promotions had been given. “The new structure will provide more management bandwidth and allow leaders to engage with customers closely,” he said.
Customer engagement has become more critical with top outsourcing clients like Daimler and banks such as JP Morgan and Citi increasingly asking vendors for help in developing their next iPad solutions and even identifying the next big business opportunities.
(For more details, visit:
The Economic Times Corporate Dossier
India’s Most Powerful CEOs 2011 Rank
CEO # 3
Sunil Bharti Mittal
BHARTI GROUP
Theatre of Operations:
Telecom, financial services, retail, manufacturing, realty and agri business
Bragging rights:
India's first global telecom company
Started his career with:
Going around on a scooter to market telephone instruments at age 18
Personal motto:
Always turn conventional wisdom on its head
Leadership style:
Empowering the workforce
Natural Foe:
In his own words, "In business there are no foes, only friends"
Famous Quote:
"Us entrepreneurs are like junkies, looking for the next big fix"
Little known fact:
Turns vegetarian whenever he's on a mission
Family relations:
Husband to Nyna, father to daughter Eiesha and twin sons Kavin and Shravin
Next in line:
Shravin Bharti Mittal, 23, one of his twin sons has recently joined Bharti's international operations
Owner of:
Lutyen Delhi's biggest mansion
Fitness mantra:
Yoga and golf
Home away from home:
London and continental Europe
(For more details, click
..........................................................
..........................................................
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.
..........................................................
No comments:
Post a Comment