The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh. Illustration: Dominic Xavier/Rediff.com Peddar Road versus Dharavi. This, in short, describes 61-year-old Radhakishan Damani’s long-term investment philosophy. As market folklore goes, when HDFC Bank was listed in 1995, Damani was the biggest individual shareholder in the bank. And he kept accumulating more. 32,000 crore The value of Damani’s 82 per cent stake in ... Rediff.com, 2 weeks ago
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'Debt mutual funds are a good option now because interest rates are coming down.''Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'Illustration: Dominic Xavier/Rediff.com The mutual fund industry has been on a roll in the past couple of years. With systematic investment plans -- SIPs -- adding Rs 5,000 crore (Rs 50 billion) per month, the industry is finally getting long-term money. A ...Rediff.com, 2 days ago
[India], Apr. 11 (ANI): In order to raise their voices in a silent manner against the rising rape incidents and menace of drug among youth, people along with the students of Art College, Tripura took part in road paintings and cartoon drawing under the name ...Sify, 1 week ago
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to, says Hamsini Karthik.Illustration: Uttam Ghosh/Rediff.com Stock market investors are eagerly awaiting a new sector category of insurance as more insurance firms get listed in 2017-18. ICICI Prudential Life Insurance, the largest private sector insurer, came out with its public issue in September 2016, while HDFC Life and Max Life announced a merger in August, which is yet to receive ...Rediff.com, 2 weeks ago
Bengali actor and grandson of thespian Soumitra Chatterjee, Ranodeep Bose was seriously injured in a road mishap in the city early today. Ranodeep, who was returning home from a show, was pilion riding on a friend's two-wheeler. He suffered serious head ...Business Standard, 3 weeks ago Thespian Soumitra Chatterjee's grandson injured in mishap Rediff.com, 3 weeks ago
The world-famous Darjeeling tea is losing its flavour even as it struggles with falling production, says Avishek Rakshit. IMAGE: The key problem which plagues the Darjeeling gardens is the very nature of the tea bushes it uses, which in the past helped it bag the GI tag. Photograph: Kind Courtesy Tea Trails. One of the tea aficionados’s top favourites, the Darjeeling tea, faces an uncertain future as the 87 odd gardens in the pristine hills of northern West Bengal are caught up in ...Rediff.com, 3 weeks ago
Harsha Bhogle is set to end his exile from cricket commentary after the official broadcasters of the Indian Premier League today hinted that the renowned commentator could be seen in action in the 10th edition of the T20 tournament. "It's our intention to get ...DNA, 3 weeks ago Bhogle set to return to cricket commentary Deccan Herald, 3 weeks ago
According to bond dealers, the spike in CD issuance could indicate that liquidity won’t remain as comfortable by the end of the financial year (March 31) as it now is. After a demonetisation-induced dip in issuance, banks are returning to the certificates of deposit (CD) market, even as liquidity seems more than adequate. CDs are short-term instruments issued by banks that mature within a year. The most popular form is those doing so in three months. In the fortnight ended ...Rediff.com, 2 months ago
The Holi weekend is just a month away and if you haven't planned ahead, we'll help you out. Joyeeta Palit lists out her favourite places around Kolkata. In the coming months (March and April), there are two long weekends -- Holi (March 13) falls on a Monday and there's the Easter weekend starting with Good Friday on April 14 (Friday). How about a trip to the City of Joy? Travelling down memory lane in Kolkata Even if you don't want to spend time in the city, there are plenty of options ...Rediff.com, 2 months ago
Mumbai rode on Abhishek Nayar's scintillating 47-ball 76 to record a comfortable five-wicket win over Saurashtra in the Syed Mushtaq Ali Twenty20 tournament for west zone, in Vadodara, on Wednesday. Batting first after winning the toss, Saurashtra posted a competitive 175 for six in the stipulated 20 overs, but that did not prove to be enough as Mumbai chased down the target with two balls to spare at the Moti Bagh Stadium. Shashank Singh was the second-best scorer for Mumbai, as he smashed 47 ...Rediff.com, 2 months ago
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