1-minute NRI.NewsIndia

2011-07-13T23:19:00.006+05:30

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Headline News

From

Emerging India

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Quick Update For NRIs, PIOs

Read by NRIs in over 37 Countries

Issue No. 215 Evening Edition IST

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Headline News in this issue:

THREE BLASTS IN MUMBAI...20 DEAD...

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Three blasts in Mumbai...20 DEAD...

Serial blasts struck Mumbai this evening, less than three years after the 26/11 terrorist attacks of 2008. The three blasts, in sequence, were timed at 6.30 pm, 6.45 pm, and 7 pm IST, and targeted in that order Zaveri Bazaar, Opera House and the Kabutarkhana area of Dadar West.

Zaveri Bazaar, centre of the jewellery industry, is adjacent the iconic Mumbadevi temple from which the city derives its name; both Zaveri Bazaar and Kabutarkhana were also targeted in the 1993 serial blasts.

A team of NIA officials, forensics experts and anti-terrorist operatives are en route to Bombay on a BSF special plane; an NSG unit is on standby on the ground. Home Minister P Chidambaram has chaired a meeting of senior Cabinet ministers and officials while Maharashtra Chief Minister Prithviraj Chauhan is coordinating relief and rescue operations on the ground.

Those injured have been rushed to JJ and KEM hospital. Chief Minister Chauhan confirms 20 dead and 113 injured so far; extent of injuries is not clearly known and casualties are expected to rise.

In spite of some resistance earlier on and fears of being stopped by the police at toll booths, the Mumbai cabbie union has decided that taxis will continue to ply well past midnight tonight.

Chatrapati Shivaji International Airport has confirmed that it's operational.

10:27 pm: 'I was at my shop when I heard a deafening sound. I ran out to see what has happened. I saw a building rattling and people running here and there', said a eyewitness at one of the blast site.

10:22 pm: The blasts that rocked Mumbai were a 'coordinated attack by terrorists', Home Minister Chidambaram said. 'The blasts took place between 6.45 p.m. and 7 p.m. and therefore we infer from this that this was a coordinated attack by terrorists,' the home minister said.

(For more details, visit: http://in.news.yahoo.com/live-coverage--three-blast-in-mumbai.html)

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Email-id: nri.newsindia@gmail.com
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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 - 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 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.

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2011-06-22T23:50:00.007+05:30

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Headline News

From

Emerging India

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

Quick Update For NRIs, PIOs

Read by NRIs in over 37 Countries

Issue No. 214 Evening Edition IST

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

Headline News in this issue:

TCS, Infy, HCL Tech in Race to Buy Misys’ Banking Biz
Indigo to Sign $ 15–b Deal With Airbus for 180 Aircraft
Maid accuses Indian envoy in NY of ‘slavery’

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TCS, Infy, HCL Tech in Race to Buy Misys’ Banking Biz

Indian outsourcing firms Tata Consultancy Services, Infosys and HCL Technologies are among potential bidders interested in acquiring the banking product software business of UK-based Misys, people familiar with the discussions said.

(For more details, visit:

http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2011/06/22&PageLabel=1&EntityId=Ar00103&ViewMode=HTML)

Indigo to Sign $ 15–b Deal With Airbus for 180 Aircraft

IndiGo, India’s third largest carrier in terms of marketshare, had ordered 180 Airbus aircraft, including narrow-bodied 30 A320 aircraft and 150 A320NEOs, which are powered by new engines.

The deliveries for A320NEOs will start in 2016 and IndiGo is one of its launch customers along with Wadia Group-promoted GoAir that announced 72 of the same aircraft type last week worth over $7 billion.

(For more details, visit:

http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=ETNEW&BaseHref=ETM/2011/06/22&PageLabel=6&EntityId=Ar00600&ViewMode=HTML)

Maid accuses Indian envoy in NY of ‘slavery’

New Delhi: Another Indian diplomat has been hit by charges of forced labour by domestic help taken from India. Prabhu Dayal, India’s consul-general in New York, was slapped with a forced labour suit on Monday by a former housekeeper who complained that she was treated like a slave while working for him. Santosh Bharadwaj, 45, has filed for unspecified damages and return of her passport. Dayal has been consul-general since 2008.

Dayal joins his colleague Neena Malhotra who is fighting a similar battle against her former maid.

(For more details, visit:

http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2011/06/22&PageLabel=1&EntityId=Ar00105&ViewMode=HTML)

Aishwarya Pregnant

Big B's tweet confirmed the pregnancy news.