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Colorful Updates!

Happy Holi !!!

Here's some colorful news for a change! LOL !! ;-)

- Dubai stocks fell like crazy yesterday with investors panicking. Not that the trend has been healthy in the past 2 months. 2006 had no great start too but 14th of March was scary with the indices dropping down by 12 pc in one day, which would mean more than 50 pc fall from November 05( highest ever)!! Emaar also reached its lowest ever along with many other major stocks.Yea, volatile market and suddenly the region seems to have calmed down from a single-day experience cos even the Saudi markets dropped around 5 pc and about 3pc fall for Kuwait, Qatar and Bahrain.Not great news but calls for patience...it was called "Black Tuesday".

-Did you know that Jayalalitha, the CM of Tamil Nadu has been nominated for Nobel Peace Prize this year?The World federation of Tamil Youth has nominated Jayalalitha's name from India, Sharjah(UAE) and the US, for her "dedicated efforts in ushering Peace, Performance, Progressiveness, Productivity, Partnership and Prosperity for the people of the state during the last five years," its president Dr Vijay G Prabhakar told reporters here. "We would also be celebrating April 14, the Tamil New Year as 'Selvi J Jayalalithaa day' in 15 countries, highlighting the progress of Tamil Nadu under her leadership,"he said. If you are shocked, I would like to tell you that I share the same feelings!

- Etisalat has finally finally signed the PTCL deal and captured 26 pc control by UAE telecom, after many months of issues and missed dates.The deal is a remarkable achievement from perspective of share holders, customers and even the relationship between the nations. I believe the next nation targetted is Afghanistan.

-Malaamal Weekly opened last week and it has created positive response, after his big hit and much-talked-about Garam Masala.I am sure Priyadarshan is much celebrated in the South but these days people of the North seem to be looking out for him constantly. Don't get lost , I am talking about famous movie director who has amazing ability in converting his Malayalam flicks to Hindi ones.His casting is pretty good and he manages to make an average performance on on his family entertainment- nevertheless they are any day better than n number of sense-less movies made in Bollywood.

That's all I could think of writing now...Enjoy the festival!

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