Jhunjunwala takes his biggest hit in 10 quarters: Here's a look at his bets
A smallcap focus may be weighing on Rakesh Jhunjhunwala’s portfolio in this downturn.
The disclosed value of his portfolio showed a double-digit decline in the three month ending September. This is the biggest fall in at least the past ten quarters. The portfolio was worth Rs 123.33 billion at the end of June 2018. It was worth Rs 106.33 billion at the end of the September quarter. Smallcaps account for the largest number of his stock-picks. Read more.
US midterm polls produce a divided Congress, Democrats retake House
Democrats took control of the House of Representatives, while Republicans retained their grip on the Senate, as millions of voters flocked to the polls Tuesday to render their first national
verdict on the Donald Trump presidency.
Democrats won victories in key House races from coast to coast, flexing strength in suburban districts full of affluent, educated voters—enough to tip control of the chamber to them for the first time in eight years. Read more.
Diwali brings light of hope to Noida's ghost towers as buyers come back
About six years back, Diwali was celebrated with much alacrity in and around Noida Expressway, Noida Extension, and Greater Noida.
Large billboards advertising the latest residential projects, amenities being promised by few of the biggest developers in the country such as Unitech, Amrapali, Jaypee, as well as hundreds of smaller developers would be visible for miles. Read more.