"Investors Intending to Invest in Foreign Stocks can go through Domestic Mutual Funds"-Sethurathnam Ravi

Sethurathnam Ravi (S Ravi) is the former Chairman of Bombay Stock Exchange Limited (BSE) and Founder and Managing Partner of Chartered Accountants’ firm Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. Mr. S Ravi is a Post Graduate in Commerce and holds a diploma in Information System Audit (DISA). He is an Associate Member of Association of Certified Fraud Examiners (CFE), USA and is also registered as an Insolvency Resolution Professional.

Sethurathnam Ravi

Sethurathnam Ravi (S Ravi) is the former Chairman of Bombay Stock Exchange Limited (BSE) and Founder and Managing Partner of Chartered Accountants’ firm Ravi Rajan & Co., an advisory and accountancy firm, headquartered in New Delhi, India. Mr. S Ravi is a Post Graduate in Commerce and holds a diploma in Information System Audit (DISA). He is an Associate Member of Association of Certified Fraud Examiners (CFE), USA and is also registered as an Insolvency Resolution Professional.

Sethurathnam Ravi, former chairman of BSE and Founder of accountancy firm Ravi Rajan & Co, speaks about ways to invest in international mutual funds and how to choose a fund. “Investors intending to invest in foreign stocks can go through domestic mutual funds who have schemes mandated to invest in foreign stocks”, says former BSE Chairman, S Ravi. Investment in international mutual fund is getting more popular as it is generally believed that all global stocks will not fall together in normal circumstances. Investments in global stocks can be made through direct investments, ETFs, global mutual funds and fund of funds.

According to him, this category is quite popular as investing in global mutual funds, the investors hedge their risk by investing in domestic as well as global stocks. International mutual funds invest in various countries and stocks including domestic stocks. Domestic fund houses also provide access to investment in global companies under various schemes floated specifically for such investments.
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Sethurathnam Ravi also affirms that all the major fund houses in India provide window for global investments under various schemes. The schemes are well defined and the characteristics of the product offering are defined in the key information memorandum which is approved by SEBI. The process of investment is simple and similar to investment in domestic mutual funds. Technology has been the catalyst which has enabled investors to invest in a faster hassle-free environment. In the year of pandemic and lockdown Mutual’s have upgraded the platforms so that there is no disruption. 

Market can give back 8-10% in this round of selling: Samir Arora

 

As the market has seen some selling recently, Samir Arora, founder and fund manager at Helios Capital, believes this might not just be a blip on radar and more selling may be in the offing.

“It can lose 8-10 percent,” said Arora in an interview with CNBC TV-18. “If those guys (US Fed) increase their policy rates, that creates a lot of problems for RBI. Whether they should increase rates or if not then what to do with currency.”

Last week, US Fed chairman Jerome Powell in an extremely hawkish speech said the Fed will keep raising rates for a while as inflation has not come down to comfortable levels. Following his comments, shares fell like nine pins across the globe.

Most of the selling was seen in technology names. Indian IT stocks were also among the worst hit on Dalal Street as investors factored in prospects of lower growth in key markets for them – the US and Europe.

To know more: https://www.moneycontrol.com/news/business/markets/market-can-give-back-8-10-in-this-round-of-selling-samir-arora-9107121.html

Thrilled 'to just to live in the moment,' Serena Williams begins US Open run with straight-sets win

 

NEW YORK -- Serena Williams' expected retirement will have to wait. The 23-time major champion won her first-round match 6-3, 6-3 over Danka Kovinic at the US Open on Monday night.

"You know, I always just got to do the best that I can," Williams said to the crowd after the match. "I feel so comfortable on this court, in front of everyone here.

"When I step out on the court, I just want to do my best that I can on that particular day. That's really all I can really do."

Since Williams, 40, announced her impending plans to "evolve" from tennis in a first-person essay in Vogue earlier this month, she has been given a farewell tour of sorts, and received standing ovations at both the Canadian Open and the Western & Southern Open.

On Monday night, the sold-out crowd here of nearly 24,000 -- which included a laundry list of A-list celebrities and notables, including former President Bill Clinton, Spike Lee, Lindsey Vonn, Bella Hadid, Rebel Wilson, Vera Wang, Mike Tyson, Dr. Ruth Westheimer, Gladys Knight, Martina Navratilova and even Coco Gauff -- was on its feet before Williams even took the court. After a video narrated by Queen Latifah was shown summarizing her legendary career, Williams was introduced to the crowd as the "Greatest Of All Time" to loud cheers that continued during any break in the action throughout the match.

"The reception was really overwhelming," Williams told reporters. "It was loud and I could feel it in my chest. It was a really good feeling. It's a feeling I'll never forget, so I really -- yeah, that meant a lot to me."

It was Williams' 102nd win at Arthur Ashe Stadium -- the most by any player since it opened in 1997 -- and extended her record for Grand Slam victories by a woman to 366. After the match, Williams was celebrated with an on-court ceremony that featured Gayle King and Billie Jean King, as well as a "Thank you, Serena" video from Oprah Winfrey.

To know more: https://www.espn.in/tennis/story/_/id/34484739/serena-williams-begins-us-open-run-victory-danka-kovinic-arthur-ashe-stadium

iPhone 13 discounted ahead of iPhone 14 launch, available with around Rs 14,000 flat discount

 

Apple iPhone 14 launch is just a couple of days away, but if you still want to lay your hands on the iPhone 13, Flipkart is offering an irresistible deal on the smartphone. The iPhone 13, which is originally priced at Rs 79,900, is listed at a discount of Rs 14,000 on Flipkart. To further sweeten the deal, buyers can exchange their old phone and get up to Rs 19,000 off on their new phone. Apart from that, HDFC buyers will also get Rs 1000 off on the iPhone 13.

Here is how the deal works

The iPhone 13, which was originally priced at Rs 79,900 for 128GB, is being sold for Rs 65,999 on Flipkart. This is the lowest ever price the iPhone 13 is available for. On Amazon, the iPhone 13 is being sold for 69,900. The Flipkart deal clearly offers more discounts on the smartphone. Apart from a flat Rs 14000 discount, buyers can also get up to Rs 19,000 off on their old phones. Flipkart is offering an additional discount of Rs 2000 on select models. The additional discount would be applicable on smartphones, including the iPhone 11, iPhone 12 and others. However, the price of your old iPhone largely depends on the condition of the phone as well as the make year.

To know more: https://www.indiatoday.in/technology/news/story/iphone-13-discounted-ahead-of-iphone-14-launch-available-with-around-rs-14-000-flat-discount-1994204-2022-08-30

Google employees angry at back-to-office mandate after COVID cases reported in office

 

Google’s new return-to-office mandate is giving sleepless nights to the employees. The search giant had asked its employees to return to the office at least three days a week. Employees have reported that ever since they have joined the office, they have received a deluge of notifications from the COVID-19 infection management team. The employees are becoming concerned for their health after seeing the rising number of covid 19 cases at the workplace.

In a conversation with CNBC, some of the company’s employees revealed that ever since they started working from the office again, they are receiving notifications of infections in their email inboxes regularly. Frustrated from the ongoing conditions, employees are pouring out their anger and memes.

Significantly, Google reviewed its work-from-office policy in April and made it mandatory for its employees to be present in the office at least three days a week. However, employees have been resistant to the new guidelines as they have been working productively from home and even made the tech giant observe its highest revenue growth in 15 years.

Although Google has also offered the option of permanent work from home, it’s unknown how many requests for the same have been approved.

To know more: https://www.indiatoday.in/technology/news/story/google-employees-angry-at-the-back-to-office-mandate-amid-covid-outbreak-in-the-office-1994256-2022-08-30

'Amber Heard to run off to Israel, will marry bff Eve to dodge Johnny Depp'

 

Amber Heard is sparking rumours of moving to Israel amid looming financial damages owed to ex-husband Johnny Depp.

The Aquaman star, who is accustomed to pay Depp $10 million after losing their April defamation battle, is looking to convert to Judaism.

Fans on Twitter are speculating that Amber is planning to marry her Jewish best friend and staunch defender Eve Barlow.

"Is Amber Heard trying to get citizenship in Israel to avoid paying Johnny Depp and not get extradited in Australia? asked Joseph Morris on Twitter, referencing to how Israel does not enforce US court verdicts in the country.

The rumours come amid Amber Heard's August trip to Israel with Barlow. The duo was spotted dining at a Tel Aviv restaurant.

Heard later visited the Holy Land in the country. Reports suggest that her tot Oonagh Paige Heard also accompanied mother. The mother-daughter duo spent almost an hour inside the facility.

"Just seems odd to bring a baby to such a dangerous place unless there is a really good reason."

To know more: https://www.geo.tv/latest/436521-amber-heard-to-change-faith-run-off-to-israel-after-marrying-best-friend-eve

Ajith Kumar and Aishwarya Rai Bachchan reuniting after 23 years

 

Ajith Kumar is admirably juggling his film career and his passions for biking and rifle shooting. He is currently prepping for the final long schedule of his upcoming movie 'AK 61' which will wrap up by September end. The film directed by H. Vinoth is produced by Boney Kapoor with Sanjay Dutt, Manju Warrier and others among the principal cast.

Meanwhile the preproduction work for Ajith's next 'AK 62' is also underway and interesting tidbits are leaking from sources close to the team now and then. The film is directed by Vignesh Shivan with Anirudh scoring the music and Lyca Productions bankrolling with a mega budget.

The latest buzz about 'AK 62' is that Aishwarya Rai Bachchan is the first choice to play the female lead and that Vignesh Shivan held initial round of the talks with her last week. If she comes on board then she will be reuniting with Ajith after 23 years.

To know more: https://www.indiaglitz.com/ak-62-latest-updates-ajith-kumar-aishwarya-rai-bachchan-vignesh-shivan-ponniyin-selvan-ak-61-tamil-news-322755

Elon Musk reduces 9 kg weight; reveals his secret dietary plan

 

Billionaire Elon Musk who loves gobbling up delicious food has now started taking his health seriously. The Tesla chief has openly accepted that he does not like working out but needs to do it anyway.

"I gotta work out and be in better shape...I actually don't really like working out, but I gotta do it," he said in an interview.

Recently, Musk's father Errol Musk also criticized his son for "eating badly". Errol Musk even recommended his son to take a weight loss pill called Garcinia Cambogia, which he claimed has helped him shed a few pounds.

Listening to his father, Elon Musk has started his weight loss journey, but not by taking pills. Instead, the tech titan chose intermittent fasting.

To know more: https://www.livemint.com/news/world/elon-musk-reduces-9-kg-weight-reveals-his-secret-dietary-plan-see-post-11661756239616.html

Rare Rainbow 'Scarf' Cloud Stuns People In China

 

Nature is magical, and it occasionally allows us to witness its magic. One such video of a rare rainbow pileus (or 'scarf') cloud captured in China's Haikou City is going viral on the social media.

It has been shared by several users on Twitter. The video shows a mesmerising view of rainbow coloured scarf cloud over the city.

The video was shot on August 21, according to Mashable, and shows various cloud colours that together form a rainbow-coloured canopy, giving the sky an unusually lovely appearance.

According to World Meteorological Organisation (WMO), pileus cloud is an accessory cloud of small horizontal extent, in the form of a cap or hood above the top or attached to the upper part of a cumuliform cloud that often penetrates it.

To know more: https://www.ndtv.com/offbeat/viral-video-rare-rainbow-scarf-cloud-stuns-people-in-china-3299272

Gautam Adani Now World's 3rd Richest, First Asian In Top 3

 

Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world's third-richest person.

It's the first time an Asian person has broken into the top three of the Bloomberg Billionaires Index -- fellow citizen Mukesh Ambani and China's Jack Ma never made it that far. With a $137.4 billion fortune, Mr Adani has overtaken France's Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking.

Mr Adani, 60, has spent the past few years expanding his coal-to-ports conglomerate, venturing into everything from data centres to cement, media and alumina. The group now owns India's largest private-sector port and airport operator, city-gas distributor and coal miner. While its Carmichael mine in Australia has been criticised by environmentalists, it pledged in November to invest $70 billion in green energy to become the world's largest renewable-energy producer.

As his empire has expanded to one of the world's largest conglomerates fuelling the remarkable wealth gains, concerns have grown over the rapid growth. Mr Adani's deals spree has been predominantly funded with debt and his empire is "deeply over-leveraged," CreditSights said in a report this month.

To know more: https://www.ndtv.com/india-news/gautam-adani-now-worlds-third-richest-person-as-wealth-surges-3298542

Sonam Kapoor makes 1st appearance after birth of baby boy, attends Kunal Rawal's wedding but with a twist

 

SONAM KAPOOR ATTENDS KUNAL AND ARPITA'S WEDDING

Kunal Rawal and Arpita Mehta's wedding was attended by many big names from Bollywood, including Shahid Kapoor, Malaika Arora, Arjun Kapoor, Varun Dhawan, amongst others. New mommy Sonam Kapoor was also present, but on a video call. She welcomed her baby boy on August 20, and so attended the wedding on a video call.

Rhea shared a fun video from the event and wrote, "He did it. @kunalrawaldstress made the best decision of his life and married @arpita__mehta Turning the page to the next chapter in your life is always that much sweeter when surrounded by Congratulations both of you! (sic)."

To know more: https://www.indiatoday.in/movies/celebrities/story/sonam-kapoor-makes-1st-appearance-after-birth-of-baby-boy-attends-kunal-rawal-s-wedding-but-with-a-twist-1993919-2022-08-29

Rajeev Jhawar Usha Martin Cautioned all to Remain Agile and Responsive

Rajeev Jhawar - Usha Martin Limited is one of the world’s leading manufacturers of wire rope. With over six decades of experience, Usha Martin have established themselves as a globally recognised multi-unit and multi-product organisation through consistent delivery of superior quality products and services. Rajeev Jhawar Usha Martin, the son of Brij Kishore Jhawar, is the managing director of Usha Martin Limited. He has been at the helm of the Usha Martin Group for three decades. Rajeev Jhawar led Usha Martin currently focuses on building pathways to sustainable growth.

Managing Director at Usha Martin-Rajeev Jhawar(Kolkata)

Rajeev Jhawar is the son of Brij Kishore Jhawar, one of the two factions of the Jhawar family, who owns Usha Martin Limited. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. He graduated from London Business School and completed Management Development Course at the University of Pennsylvania. Rajeev Jhawar Usha Martin received his undergraduate degree from St. Xavier’s College. Rajeev Jhawar has been Vice Chairman of Usha Martin Education & Solutions Limited since September 2010.

Over the last 60 years, Usha Martin Limited have been able to establish themselves as one of the world’s leading manufacturers of wire rope. Their multi-units and diversified portfolio of products, coupled with superior quality products and services have enabled them to emerge as a globally trusted brand. Rajeev Jhawar led Usha Martin currently focuses on building pathways to sustainable growth. In order to continue to be sustainable, resilient and future ready, Usha Martin is preparing plans for augmenting capacity and capability building. There is focused effort for planned capability building by adding new machines for producing high end ropes and value-added products.

Post divestment of its Steel Business Undertaking, Usha Martin has improved with renewed vigor with its focus on capability building, debottlenecking of constraints and increase in productivity of key products to remain agile and competitive. Rajeev Jhawar Usha Martin has also cautioned all to remain agile and responsive to the changing market needs and focus on increasing market share in high contributory products. Rajeev is bullish about the segment and expects oil & gas, ports and shipping to be the growth drivers. On a consolidated basis, 35-40 per cent of Usha Martin’s revenue is from exports to Europe, South East Asia, the US and the Scandinavian countries.

Further, the plans for addition of capacity would focus mainly upon debottlenecking constraint areas and increase productivity of key products. With these plans in hand, Rajeev Jhawar and Usha Martin remains confident of making deeper inroads into international markets with high contributory products. It is also expected that with steady infrastructure spending by the Indian government, specialty products used in construction and infrastructural sector may become one of the key growth drivers for the company in the future years. The future outlook is expected to be a mixed bag of both opportunities and challenges with the key being the company’s adaptability and proactive adjustments to an ever-changing macro-economic environment, Rajeev Jhawar hopes. 

India did not vote on Russia's invasion of Ukraine, says Singapore PM

 

India has not yet criticised Russia for its invasion of Ukraine and it abstained from the votes at the UN platforms in condemning the Russian aggression

SINGAPORE : India abstained from voting for the United Nations resolution deploring Russia’s invasion of Ukraine, Singapore Prime Minister Lee Hsien Loong informed on Sunday. Loong also said that India did not vote because the country buys military equipment from Moscow.

Russia under the leadership of President Vladimir Putin had launched a specially military offensive on the East European country Ukraine, displacing millions and killing many more. 

To know more: https://www.livemint.com/news/world/india-did-not-vote-on-russia-s-invasion-of-ukraine-says-singapore-pm-read-here-11661093116815.html

From Marriage To Death Penalty: LGBT Rights Across The World

 

Paris:

Singapore announced on Sunday that it will repeal a law criminalising gay sex but in many other parts of the world homosexuality is illegal and sometimes subject to the death penalty.

According to a report published in 2020 by the International Lesbian, Gay, Bisexual, Trans and Intersex Association (ILGA), homosexuality was prohibited in 69 countries, including 11 where it is punishable by death.

To know more: https://www.ndtv.com/world-news/from-marriage-to-death-penalty-lgbt-rights-across-the-world-3274208

Car blast kills daughter of Russian nationalist known as ‘Putin’s brain’

 

The bloodshed gave rise to suspicions that the intended target was Daria Dugina’s father, Alexander Dugin, a nationalist philosopher and writer.

The daughter of an influential Russian political theorist often referred to as “Putin’s brain” was killed in a car bombing on the outskirts of Moscow, authorities said on Sunday.

The Moscow branch of the Russian Investigative Committee said preliminary information indicated that the 29-year-old TV commentator Daria Dugina was killed by an explosive planted in the SUV she was driving on Saturday night.

‘Father, the intended target’

There was no immediate claim of responsibility. But the bloodshed gave rise to suspicions that the intended target was her father, Alexander Dugin, a nationalist philosopher and writer.

To know more: https://www.thehindu.com/news/international/daughter-of-ultra-nationalist-russian-ideologue-killed-in-suspected-car-bomb-attack-investigators/article65793907.ece

S Jaishankar on India-China border row: 'Problem has not been resolved'

 

Foreign minister S Jaishankar on Sunday said ties between India and China are going through a “very difficult phase” as he spoke about the Galwan Valley stand-off and Beijing's “disregard” for the border pacts. Jaishankar said the problem has not been resolved and that has been clearly casting a shadow.

He made the remarks while attending an event organised by the Indian community in Brazil's Sao Paulo during his first leg of a three-nation visit. He will also be visiting Paraguay and Argentina.

“We have agreements with China going back to the 1990s which prohibits bringing mass troops in the border area. They have disregarded that. You know what happened in the Galwan Valley. That problem has not been resolved and that has been clearly casting a shadow,” news agency ANI quoted the minister as saying.

Jaishankar also said a relationship cannot be a one-way street and mutual respect has to be there in order to sustain it. "They are our neighbours. Everybody wants to get along with their neighbour. In personal life and country-wise as well. But everybody wants to get along with on reasonable terms. I must respect you. You must respect me."

To know more: https://www.hindustantimes.com/india-news/s-jaishankar-on-india-china-border-row-problem-has-not-been-resolved-101661102203760.html

Booked Under Terror Act, Pak's Imran Khan Faces Arrest; Ex-PM Hits Back at ‘Fascist’ Govt for Blocking His Speech

 

Pakistan’s ousted prime minister Imran Khan has been booked under the Anti-Terrorism Act for threatening police, judiciary and other state institutions at his Islamabad rally on Saturday.

The case surfaced hours after Interior Minister Rana Sanaullah said on Sunday that the government was mulling file a case against 69-year-old Khan over his provocative speech delivered on Saturday night in the F-9 Park of the national capital.

According to the copy of the first information report (FIR), the case was registered at the Margalla Police Station of Islamabad at 10 pm on Saturday under Section 7 of the Anti-Terrorism Act (punishment for acts of terrorism).

To know more: https://www.news18.com/news/world/pakistans-imran-khan-booked-for-threatening-police-judiciary-ousted-pm-hits-back-at-fascist-govt-for-blocking-his-speech-5795905.html

IMSD calls out silence of Muslim organisations on Rushdie’s attack

 

New Delhi: Questioning the silence of Muslim organizations over the barbarous attack on writer Salman Rushdie, the Indian Muslims for Secular Democracy (IMSD) has appealed to them to rethink their position on blasphemy that is a “form of politics which is doing Muslims more harm than good”.

The statement by IMSD was endorsed by 60 eminent citizens, including social activist Medha Patkar, activist, psephologist and politician Yogendra Yadav and Magsaysay Award winner Sandeep Pandey, among others.

According to the IMSD website, it is a forum of Indian Muslims committed to the values of democracy, secularism, equality and justice as enshrined in the UN’s Universal Declaration of Human Rights and the Constitution of India.

To know more: https://www.siasat.com/imsd-calls-out-silence-of-muslim-organisations-on-rushdies-attack-2395056/?utm_source=newsshowcase&utm_medium=gnews&utm_campaign=CDAqEAgAKgcICjDX8IULMOqkgwMw5YNp&utm_content=rundown

‘Legally Copied’ By Lockheed Martin – Was US Navy’s F-35B, China’s J-20 Derived From Soviet-Russian Aircraft?

 

As the F-35 stealth jets could confront Russian fighters at some point in Europe, the plane and its design were a direct derivative of a former Soviet Union project that could not be completed when the Communist superpower collapsed – the Yakovlev Yak-141.

The Short/Vertical Take-Off and Landing (SVTOL) F-35B naval variant could be called a direct derivative of the Yak-141.

The Russian company had turned to Lockheed Martin in 1991 following the USSR’s dissolution to fund around $350 million when a weakened Russia was trying to normalize ties with Washington.

It is reflected in the single vectoring nozzle located behind the center of gravity and dedicated vertically positioned thrust jets just behind the engine of the Yak-141 that is shared by the F-35B.

To know more: https://eurasiantimes.com/legally-copied-by-lockheed-martin-was-us-navys-f-35b-fighter/

Assassins Creed: Why the plot to kill John Bolton is in the DNA of the Iranian regime

 

QAMISHLI, Syria/JEDDAH: For the past year, unbeknown to the citizens of Washington D.C., an assassin had allegedly been stalking the streets of the US capital searching for a prime target: A former high-ranking American official whose killing would shake the world and serve as a symbol of vengeance against the West.

This alleged plan was revealed to have been foiled when, on Wednesday, the US Department of Justice officially charged an Iranian citizen with plotting to kill John Bolton, a senior national security adviser under both the Bush and Trump administrations.

Shahram Poursafi was charged with use of interstate commerce facilities in the commission of murder for hire and providing and attempting to provide material support to terrorists.

To know more: https://www.arabnews.com/node/2141101/middle-east