Finally it here, PS3 will be hitting Indian market in December 2007 with the price tag of Rs. 24, 900 for the new 40 GB PlayStation3. Yesterday, MR. Atindriya Bose, country manager, Sony Computer Entertainment (SCEI), unveiled the Playstation 3 (40 GB) for the first time in the Indian market, at a grand expo at the Taj Lands End in Mumbai. The impressive expo included seven gaming zones – Sports Zone, Speed Zone, Action Zone, Shooting Range, Gaming Dungeon, Buzz World and Sing Star Center Stage.
Bose said, "that gaming will soon increasingly become the most accepted form of entertainment in the country and hence the company thought this to be the appropriate time to launch the new products." According to company sources, the PlayStation enjoys 60 percent market share among all the gaming consoles in India.
The Expo also showcased the PSP Slim with Video Out facility and assortment of games including the PSP Spiderman specialty pack at Rs 10,490 with Spiderman games and movies; the Simpsons specialty pack at Rs 9,990 with a new Simpsons game and three new games for PS3.
Source: (ZDnet India, Gameguru,Newslocale)
Yes that true, Rs 34 crore Mumbai flat was brought by an NRI from UK. A four-bedroom flat at NCPA Apartments at the Nariman Point end of Marine Drive for a gravity-defying price of Rs 97,842 per square foot, or Rs 34 crore, which was conducted by C B Richard Ellis, an international property consultant at the Citibank office at Mumbai’s Bandra-Kurla Complex.The plush pad (No. 74) is located on the seventh floor and was put up for sale early this month by its owner, Citibank.
The seventh-floor NCPA apartment has a super built-up area of 3,475 sq ft and a carpet area of about 2,100 sq ft. As laid down by Citigroup. Incidentally, NCPA Apartments has been at the centre of some big deals. In April 2006, According to Times of India 'a similar-sized flat in this building was sold at Rs 63,000 a sq ft.
Flats in NCPA are owned by companies and not individuals. The National Centre for the Performing Arts is the promoter of the property. When bookings for the upmarket building began in the early 1990s, the rate was about Rs 7,000 a sq ft. But at the peak of the property boom in 1995-96, apartments at NCPA fetched about Rs 30,000 a sq ft.
There have been reports of a few high-end apartments in south Mumbai being sold at Rs 1 lakh a sq ft. However, a large component is said to have been in cash, as a result of which, on paper, such transactions were smaller.
Source: (Times, 2)
There was a surprising turn to the sensex bull run after crossing 19K mark, marketing today crashed more than 1700 points, minutes after the opening bell. The sudden down fall of the market led SEBI to hit the panic button, closing the market for almost 30 minutes, before it resumed it trading for day.
The 30-share index, Sensex, tumbled to 17,307.90, a fall never seen before,and the impact wasn't limited to the Sensex only but also Nifty showed the symptoms and tumbles as much as 500 points after the opening bell.
Minutes after the market was closed for trading our honorable FM appeared on national television and urged investor and analyst, `not to panic` as this step was taken by the SEBI and it is aimed at arresting the surge in foreign inflows through PNs, which are offshore derivative instruments that allow foreign investors to invest indirectly in a the stock markets which has seen the BSE Sensex zoom more than 5,000 points in two months.
He also stated that there was nothing to be alert of and this was a normal procedure to curb the inflows of FII in Indian market.
With markets open at 10:55 am today, it has shown a signs of recovery as speculated by our honorable FM, all we have to see is can market recover till the day's end as quoted by FM.
