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August 10, 2025

British jet makes emergency landing in Japan

A British F-35 stealth fighter jet made an emergency landing on Sunday at the Kagoshima airport located in south-western Japan due to a malfunction, airport officials said, as reported by Kyodo News. According to Kyodo News, some departures and arrivals of commercial flights at the airport were affected when a runway was closed for approximately 20 minutes following the incident, which occurred at around 11:30 AM, as officials stated. No injuries were reported.Kyodo News noted that British forces have been conducting a joint drill with Japan's Maritime Self-Defence Force and American forces since August 4, which will continue through next Tuesday, having dispatched an aircraft carrier strike group to the western Pacific.Earlier in July, a British F-35B fighter jet left India after making a

August 10, 2025

Tim Cook’s WH visit shows tariff costs

One of the most provocative items in my wardrobe is a plain dark T-shirt designed by a libertarian economist. In 10 lines across the front, it reads: “Tariffs not only impose immense economic costs but also fail to achieve their primary policy aims and foster political dysfunction along the way.”In related news, Apple Chief Executive Tim Cook went to the White House last week to give President Donald Trump a large piece of gold. In exchange, Trump said that Apple would be exempt from a new 100% tariff the US is imposing on imported microchips. Officially, Apple gets the exemption because it committed to making a $100 billion investment in the US. Apple had already announced earlier this year a $500 billion investment program, which itself was a modest expansion of previous plans.No mat

August 10, 2025

Crude awakening for Nayara amid geopolitics

Mumbai: In August 2017, nine months after a consortium led by Russia's Rosneft bought Essar Oil's 20-mtpa refinery in Vadinar (Gujarat), it was renamed Nayara Energy. The name derives from the Hindi word 'Naya' (new) and 'Era.' It was chosen to signify its shareholders' vision of bringing a new era of development to the asset.Nayara was born at a time India's petroleum sector was undergoing reform - the government had deregulated fuel retail prices, giving private fuel retailers such as Nayara an equal footing to expand their outlets.The reform gave sleepless nights for state-run oil marketing companies, which had hitherto dominated fuel retailing. Now, they feared losing market share to private players Nayara and Reliance Industries.All was well with Nayara and it was on a growth trajecto

August 10, 2025

Know Your Fund Manager: Siddharth Vora, Head - Investment Strategy & Fund Manager, PL Capital

Let's start with your personal storyI was born and raised in Mumbai, the financial capital of India. Growing up in a family deeply rooted in financial services, my interest in the markets developed almost instinctively, shaped over years of dinner table conversations. I pursued CA, CFA, and an MSc in Management for Business Excellence, along with a double diploma in World Politics from the University of Warwick. I’ve also completed CMT Level 2 and am a SEBI-registered Research Analyst, Investment Advisor, and Portfolio Manager. To further hone my skills, I have completed programmes at Harvard, the London School of Economics, and Cornell.How did you land up in this job?After completing my articleship at EY, I joined PL’s Institutional Equities research team in 2016, later moving into In

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