Saturday, September 26
Warren Buffett has never been one to follow trends. At 94, the Berkshire Hathaway chairman has steered clear of mutual funds, preferring to invest directly in businesses he understands. Yet his investment doctrine, built on low cost, long-term focus and unfailing rationality, offers a framework for mutual fund investors navigating increasingly volatile markets.Buffett’s investing wisdom, distilled over decades, emphasises restraint over reaction, simplicity over strategy, and time as the most dependable compounding force. In an environment where fund flows often chase headlines and past performance tables, his principles remain a sharp counterpoint, and arguably, more relevant than ever.1. Let cost guide youIn his 2016 shareholder letter, Buffett delivered a stinging assessment of the as
A Delhi court on Saturday declared UK-based arms consultant Sanjay Bhandari a fugitive economic offender on an Enforcement Directorate plea, officials said.The special court issued the order under the Fugitive Economic Offenders Act, 2018.According to the ED, Bhandari "absconded" to the UK in 2016. India's plea seeking his extradition was recently turned down by a UK court.The ED filed a criminal case of money laundering against Bhandari and others in February 2017, taking cognisance of an Income Tax department charge sheet filed against him under the anti-black money law of 2015.The agency filed a charge sheet against him in 2020.
In pulling off stunning profits in a short spell, Jane Street has challenged several principles and left multiple fingerprints for the income tax (I-T) authorities in India.An artful use of its arms in different jurisdictions to carry out diverse trades and escape tax will, in all likelihood, come under the scrutiny of the I-T department.In the taxman's parlance, the Jane group's elaborate mechanism for alleged market manipulation would go down, besides other violations, as "impermissible avoidance arrangement". This, according to the General Anti-Avoidance Rule (GAAR) in the I-T Act, is an arrangement that is put in place to simply dodge tax or is executed in a manner "which are not ordinarily employed for bona fide purposes".Jane used its outfits in India to take positions in cash and st
OPEC+ will likely agree to further accelerate oil output increases on Saturday at its first meeting since oil prices jumped, and then retreated, following Israeli and U.S. attacks on Iran. The group, which pumps about half of the world's oil, has been curtailing production since 2022 to support the market. But it has reversed course this year to regain market share and as U.S. President Donald Trump demanded the group pumped more to help keep gasoline prices lower. The group may agree to raise output by as much as 550,000 barrels per day in August, up from monthly increases of 411,000 bpd it approved for May, June and July, and 138,000 bpd in April, two sources familiar with the discussions said. Eight members of the group - Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq, Kazakhstan and
