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“India is standing out not only now, but it is likely to stand out in the forthcoming few years as well because the prime reason which is not discussed enough is that we are counter-cyclical to the western world, especially to the US,” says Aashish P Somaiyaa, Chief Executive Officer, White Oak Capital Management.In an interview with ETMarkets on the sidelines of Investing Accelerator Summit 2023, Somaiyaa said: “Apart from all the other structural positives that have been spoken about India, this is one thing which is not spoken enough” Edited excerpts:How should one pick the fund – is 1–year performance a good benchmark to select a fund?In fact, one-year performance is exactly not the benchmark. In fact, it is a contra-indicator, that is what my analysis kind of tells me. The thought about speaking on why winners rotate comes from the fact that when we track investor behaviour or even if you track fund flows in the industry, what you will find is typically a lot of money ends up going to people who have done very very well in the last 1 year or maybe in the last 3 years period. At this juncture, if you take the best performing fund of the last three years you put money in there, and then wait till August 2026 to see how it plays out — you will find is that the correlation between ranks for the last three years and the rank for performance in the subsequent three years, the correlation of these two ranks is practically nothing.

Vivek Ramaswamy, an Indian-American 2024 US presidential aspirant, has hinted that he may run on a joint ticket with former president Donald Trump as his running mate if he does not win the Republican nomination, according to a media report. The remarks by Ramaswamy came days after the 38-year-old multimillionaire biotech entrepreneur-turned-politician said he was «not interested» in any job other than president. Ramaswamy said he believed he could only «reunite this country» as president, but did not rule out running with 77-year-old Trump as vice president if the former president and frontrunner wins the nomination for a third time. Asked on Britain's GB News whether he would be «happy to be (Trump's) VP», Ramaswamy replied: «See, this isn't about me.

Sullivan convened the national security and senior G20 representatives of the Quint (an informal decision-making group consisting of the United States and France, Germany, Italy, the United Kingdom and the European Union) at the White House to discuss the ensuing G20 Leaders' Summit in New Delhi, according to a White House release. The participants discussed their unified support for the G20 and India's G20 Presidency, as well as their commitment to ensuring strong outcomes in New Delhi, including demonstrating the G20's role as the premier forum for economic cooperation, driving an affirmative and ambitious agenda for developing and emerging countries, and making progress on evolving the multilateral development banks to be more responsive to shared global challenges, the official release informed. The G20 Summit is slated to take place on September 9-10 at the recently-inaugurated state-of-the-art Bharat Mandapam convention centre at Pragati Maidan in New Delhi. Many heads of state and diplomats including US President Joe Biden, Chinese Premier Xi Jinping, Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron are expected to be attending the G20 Leaders' Summit. The 18th G20 Heads of State and Government Summit in Delhi, under India's presidency will be a culmination of all the G20 processes and meetings held throughout the year among ministers, senior officials, and civil societies. Sullivan also convened the Quint national security advisors of France, Germany, Italy, and the United Kingdom at the White House on Thursday. Noting that it is also Ukraine's Independence Day, participants reiterated their enduring commitment to supporting Ukraine in its defence against Russian aggression for as long

Trump said he will turn himself in on Thursday in Georgia to face racketeering and other charges stemming from his bid to overturn the 2020 election. Writing on his platform Truth Social on Monday, Trump said that that day he would be «ARRESTED by a Radical Left District Attorney, Fani Willis,» the Georgia official who brought the year's fourth indictment against the former president. The judge in the case earlier approved a $200,000 bond for Trump in the racketeering case filed against him in the southern state. Trump and the 18 other co-defendants in the landmark case have until noon (1600 GMT) on Friday to turn themselves in to the authorities in Georgia to be booked. In his post Trump said Willis is acting «in strict coordination with Crooked Joe Biden's DOJ.

Broadway performer Chris Peluso, known for his roles in musicals like «Mamma Mia!» and «Lestat,» has died at 40. According to Playbill, Peluso's family confirmed his passing on August 15, a year after he paused his theater career to receive treatment for schizoaffective disorder. Peluso's alma mater, the University of Michigan, shared a tribute on their musical theater department's Instagram, expressing their sorrow and extending condolences to his family.

startups to a five-year low in the first half of 2023, according to the Israeli nonprofit Start-Up Nation Central. The global market for investing in startups has been similarly brutal, with valuations for once-hot startups cratering. “Deployment has been slower than expected because we maintained high standards," Kushner said.

By Joseph White

By Jonathan Allen

The White House is ramping up its efforts to illustrate the real-world impact of President Joe Biden’s signature climate, health care and tax law

Gabon is refinancing $500 million of its debt through a deal aimed at directing more funds to ocean management

Joe Biden in the White House, reported Reuters. In Georgia, after defendants are indicted by a grand jury, the indicted are arraigned, which is a formal reading of the charges in the court. Then defendants are also asked to enter a plea.

Whether you're strolling down the streets, heading to the gym, or simply aiming to infuse a casual edge into your ensemble, these sneakers have got you covered. Our curated selection features a number of prominent brands such as Nike, Woodland, Adidas and Puma, allowing you to step into a world of fashion-forward choices.

Vanna White has held the co-host position on Wheel of Fortune, setting a record as the longest-serving game show hostess in American TV history. Renowned for her elegant presence and adept wheel-spinning finesse, she has become an iconic figure on the show. Yet, her recent absence has ignited speculations about her departure from the show she has graciously hosted for over forty years.

President Joe Biden says his policies of financial and tax incentives have revived U.S. manufacturing

White House on Wednesday will detail its plans to prohibit some USA investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. The plans are aimed at preventing USA capital and expertise from helping develop technologies that could support China's military modernization and threaten USA national security. Reuters reported on Friday that President Joe Biden was expected to issue a long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The senior government source said that the order is expected Wednesday. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on USA investment in China will be narrowly targeted.

Chicago White Sox and the Cleveland Guardians engaged in a dramatic and physical altercation that left fans stunned and tempers flaring. The game on Saturday night took an unexpected turn when star players Tim Anderson and José Ramírez exchanged punches at second base, triggering a bench-clearing melee and leading to six ejections. The incident occurred during the sixth inning when Ramírez slid headfirst into second base, hitting an RBI double. As he got up, Anderson stood over him, leading to a confrontation that quickly escalated. Ramírez pointed his finger in Anderson's face and yelled, prompting both players to square off, with Anderson throwing the first punch.

The next president of the United States is likely to be in favor of central bank digital currency (CBDC), crypto asset manager Grayscale observed in a post on its website, as the current frontrunners in both political parties have expressed their support for it. Neither seems to like Bitcoin.

Donald Trump won the presidency even as criminal charges against him still loomed, a series of extraordinary complications would ensue. The indictment Tuesday on federal charges stemming from his attempts to remain in power after his 2020 election loss added to the mounting legal peril Trump, the front-runner for the Republican Party, faces as he campaigns for a second term in the White House.

Raymond James has snapped up advisor Joshua Rogers from Merrill Lynch, where he managed about $360 million in client assets.

Magnus White died in a training accident at the age of 17. White was struck by a vehicle while he was training in Boulder, Colorado. Magnus White is survived by his mother Jill and father Michael and brother Aero. His friends and relatives set up GoFundMe, which collected USD 60,000 Monday. Magnus White won Junior 17-18 Cyclocross National Championships 2021, before taking part in USA Cycling National Team for a full season of European Cyclocross racing. He finished the year 2022 with UCI Cyclocross World Championship in Fayetteville, Arkansas. He was selected for Mountain Bike World Championships team in 2023. White was scheduled to participate in UCI Cycling World Championships in Glasgow on August 10. Confirming the death, USA Cycling said in an online press release, «White fell in love with cycling at an early age through Boulder Junior Cycling. He was a rising star in the off-road cycling scene and his passion for cycling was evident through his racing and camaraderie with his teammates and local community.» The cycling association said in the statement, «White was focused on his final preparations before leaving for Glasgow, Scotland to compete in the Junior Men’s Mountain Bike Cross-Country World Championships on August 10, 2023.» Cycling USA said further, «We offer our heartfelt condolences to the White family, his teammates, friends, and the Boulder community during this incredibly difficult time.»

Iron Claw," a sports drama featuring Zac Efron and Jeremy Allen White, in theaters around the Christmas season. Despite its strategic awards season release, the film is currently in post-production and won't be making appearances at film festivals. A24 has also unveiled a new still from «The Iron Claw» showcasing a touching moment between the muscular brothers. Their impressive physiques have been a topic of fascination on the internet. Earlier this year, a viral picture of Efron in the boxing ring highlighted his incredible transformation, while White, known for his role in «The Bear,» revealed that he gained 40 pounds of muscle for his character in the film.