Sandeep Kothari, the fund manager for Fidelity Equity Fund and Fidelity Tax Advantage Fund, speaks about Peter Lynch, his team in India and why they have an edge over competition here.
Fidelity Equity Fund and Fidelity Tax Advantage Fund's manager Sandeep Kothari speaks about his investment philosophy and how he overcame the most difficult phase of his career.
Netflix is reminiscent of Star TV in the 1990s: Very Western in its gaze, very expensive, and clueless, notes Vanita Kohli-Khandekar.
For soccer great Diego Maradona, Cuban revolutionary Fidel Castro was more than a friend and fellow Latin American legend, he was "a second father." Maradona said Castro's death late on Friday hit him like a tennis ball to the chest served by Juan Martin del Potro, the Argentine player he cheered on in the Davis Cup final where he received the news. "I wept uncontrollably," Maradona told reporters on the sidelines of the tennis tournament. "After my father, it's the deepest sorrow I know."
Sachin Tendulkar has recently made an equity investment of $2 million in digital entertainment and technology company JetSynthesys. The investment further strengthens Tendulkar's relationship with JetSynthesys, as the two already have an existing joint venture for a digital destination for all things cricket, called 100MB, and immersive cricket games Sachin Saga Cricket Champions and Sachin Saga VR. With this investment, Tendulkar joins the bandwagon of existing shareholders of JetSynthesys, who include Adar Poonawalla, Kris Gopalakrishnan, and the multi-billion-dollar family offices of the promoters of Thermax, Triveni Group, Yohan Poonawalla Group and DSP Group.
US mutual funds Valic Co 1 and Fidelity Rutland Square Trust II, which have minority stake in Flipkart, have marked down the value of their stocks in the company
Congress leader Jairam Ramesh on Wednesday took a dig at Prime Minister Narendra Modi as he congratulated his friend T M Thomas Issac for, what he sarcastically said, taking over as "Finance Minister of Somalia".
Their plan to build a product portfolio will discourage global software vendors such as Oracle, Microsoft and Fidelity, among others, from building a strategic relationship with these big Indian IT firms, reports Debasis Mohapatra.
'Life is unpredictable and it's not like once you have fallen in love with someone, you can't fall out, right?'
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
District and Sessions Judge Dharmesh Sharma held that the objections of the complainant party read like an engrossing thrilling story but were based on mere surmises and conjectures.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
Afghan spinner Rashid Khan returned to Lahore Qalandars, having exited the tournament in February to honour international commitments.
This is the sixth mark down for the largest e-commerce marketplace of the country in as many months.
Social e-commerce platform Meesho is set to disrupt the food and grocery market by offering free home delivery on all orders in over 200 below Tier 1 cities in a year's time, in the first phase. It is also disrupting the monetization model by focusing primarily on advertising revenues rather than commissions from sellers, as distinct from its competitors. The move is expected to challenge the big players in the sector which include Jio Mart, Tata's Big Basket, Amazon, Grofers, and others, many of which have minimum prices for free delivery.
Ashish Narsale/Rediff.com brings you amazing gadgets and mobile devices from CES 2022.
Whether it liked it or not, the Ukraine crisis forced India to choose between the aggressor Russia and the US-led free world, a decision it hated to make, Virendra Kapoor points out. In the end, it abstained from the vote in the Security Council.
'Life has been full of rewards, full of sadness.'
'I am not disowning my earlier films, but I have no right to own them. I was not making them from my heart.'
Prime Minister Manmohan Singh had a historic meeting with the man he calls one of the greatest leader of our times -- Fidel Castro.
Here's what your favourite Bollywood celebrities are tweeting.
Infidelity is the cause for most marriages to break. Paloma Sharma finds out just why it is that people stray.
Diego Maradona has been invited by Colombia's FARC to play for their team in a soccer 'Game for Peace' during talks in Cuba between the rebels and the Colombian government looking to settle a decades-old conflict.
"The 21st century peacekeeping must be anchored in a strong ecosystem of technology and innovation that can facilitate UN peacekeeping operations in implementing their mandates in complex environments," India's external affairs minister S Jaishankar said
Alina 'Mumin' Salgado, 26, took the oath of allegiance on Wednesday on Wednesday.
People cheered, clapped and held their phones up to record the event as a train rolled to a stop.
The three Indian companies are Alpha Design Technologies Pvt Ltd, Bharat Forge Ltd and Medha Servo Drives Pvt Ltd, the space organisation said in a statement on Friday.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
'I recall an encounter I had with a US Congressman of Cuban origin, who was hostile to India because of our continuing goodwill for Cuba.' 'He asked me why India was still friendly with Cuba and I gave him an honest answer that it was rooted in historical and friendly ties.' 'He took it as an affront and spread the word that an Indian diplomat had defended Fidel Castro in his chamber!'
The silver lining is that after two years, e-commerce has emerged as the top sector with $689 million in investments across 15 deals, accounting for 43 per cent of all investments in January 2021.
Arora started off his career at Wipro.
Stones headed England in front in the eighth minute, losing his marker to angle home a Kieran Trippier corner before captain Kane made it 2-0 in the 22nd minute with his third goal of the tournament, an emphatically struck penalty after Jesse Lingard was pushed over in the box by Fidel Escobar.
Rodrigues, Kaur, Mandhana and Sharma were also a part of the now-defunct Kia Super League (KSL) in 2019, the ECB's domestic T20 tournament that made way for the Women's Hundred.
Loses notional value by 37.5% because of markdowns by investors
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
Remember the US withdrawal agreement was signed in February 2020. In the intervening period, a proper evacuation plan ought to have been in place. It was not. Consequently, tens of thousands of Afghans who had worked as interpreters, drivers, suppliers of goods and services, etc, face brutal retribution from the Taliban, Virendra Kapoor points out.
