Rakesh Jhunjhunwala, 1960 – 2022He has been dubbed ‘India’s Warren Buffett’. But it was hard to pin down Rakesh Jhunjhunwala’s investment style. From buy-and-hold positions in companies such as Titan and Crisil to short-term trades, his holding periods varied widely. He took directional calls, was a contrarian at times and at times sided with consensus.“One quality that stood out w...

Pharmaceuticals company Divis Laboratories on Friday reported a 26% rise in its consolidated net profit at rs702 crore as compared to Rs557 crore in the same quarter last year. Meanwhile, its revenue from operations rose about 15% to rs2,254 crore from Rs1,960.6 crore year-on-year (YoY).“DIVI delivered an in-line earnings in 1QFY23. While traction in Custom Synthesis (CS) has toned down in 1QFY2...

for all its gains — well-preserved integrity, largely uninterrupted freedom for the people, financial stability, a booming services sector, a rising middle class — India’s post-Independence economic history is one of moderate success relative to potential. It is also marked by many missed opportunities.After the initial, predominantly state-supported efforts at nation building, the country c...

India is celebrating its 75th Independence Day on August 13. To commemorate the occasion, the country has been holding various events such as the Tiranga rally. The ‘Har Ghar Tiranga’ campaign started on August 13. Monuments and iconic buildings are being lit up. On this occasion, the Indian Space Research Organization shared a video message sent by NASA to celebrate India’s 75th Independenc...

Memecoins Dogecoin and Shiba Inu jumped in the last 24 hours amid broader retail-investor enthusiasm in the market, particularly as Ethereum works toward its much-anticipated software upgrade. Dogecoin price today was trading more than 10% higher at $0.08 whereas Shiba Inu also surged over 34% to $0.000017.The meme tokens are holding their gains even as Bitcoin sits around $25,000 and Ether hovers...