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Fixed Income deserves to be part of core portfolio, says Shyam Maheshwari who gives an indepth analysis of the importance of fixed income becoming a core part of any portfolio. Generally, bank deposits, savings accounts, etc formed the base for fixed income. However, over time mutual funds with liquid plans gave better tax-adjusted returns than bank deposits shifting the preference for savers. However, direct bonds, Non-Convertible Debentures, securitised products have not gained traction in our portfolios due to a lack of investor awareness as well as risk pricing of these alternatives, Shyam Maheshwari says. “While the mutual fund is a good way to participate in the bond markets — very similar to the mutual funds for equity markets — there should also be an opportunity to construct a dynamic portfolio based on personal preference of individual bonds. Unless there is concentrated effort from multiple angles to develop the markets, it would take much longer for the markets to develop...

 A 17-year-old student beat up his teacher’s aide for taking away his video game at Matanzas High School in Florida on Friday.  The Flagler County Sheriff's Office said that the physical incident happened after the teacher's aide took away the student’s Nintendo Switch during class. A 17-year-old student was taken into custody after he attacked a high school teacher's aide for taking away his video game at Matanzas High School in Florida. The Flagler County Sheriff's Office released a video of the attack in which one can see a 6’6" and 270-pound student running up to the teacher's aide, pushing her to the ground, then continuing to punch and kick her, Fox News reported.  The Flagler County Sheriff's Office said that the physical incident happened after the teacher's aide took away the student’s Nintendo Switch during class. The student charged at the teacher and continued punching and kicking the teacher’s aide until a group of people were seen forcib...

 Thomas Lee, a pioneer of private equity investment and leveraged buyouts, died by suicide at the age of 78 at his Manhattan office on Thursday.  Thomas Lee was the Founder and Chairman of Lee Equity. American billionaire Thomas Lee, who was considered a pioneer of private equity investment and leveraged buyouts, died by suicide at the age of 78 at his Manhattan office on Thursday, according to a report in the New York Post.  The businessman was declared dead at his Fifth Avenue Manhattan office, the headquarters of his investment firm, on Thursday morning around 11:10 am local time when police responded to an emergency 911 call. The outlet added that Mr Lee died by "a self-inflicted gunshot wound" and life-saving efforts were unsuccessful.  He was spotted on the bathroom's floor in his office by a female assistant. She had gone to look for him since she had not heard from him since morning.  Furthermore, the first-responders found Mr Lee "lying on his side with...

The Disaster and Emergency Management Authority (AFAD) said the death count in Turkey due to earthquakes rose to 44,218 on Friday night. The combined death count in the two countries rose to above 50,000.  Ankara:  The death count from the earthquakes in Turkey and Syria that struck on Feb. 6 surpassed 50,000 on Friday after Turkey declared more than 44,000 people died. The Disaster and Emergency Management Authority (AFAD) said the death count in Turkey due to earthquakes rose to 44,218 on Friday night. With Syria's latest announced death count of 5,914, the combined death count in the two countries rose to above 50,000.

The police sources added that till the evening around 26 persons were taken out of rubble and efforts were on to trace others. Four persons were said to be critical. Rescue operation underway after a wall of a building collapsed at Daurala in Meerut, Friday, Feb. 24, 2023.  LUCKNOW:  At least seven persons were killed and over 30 were trapped under the debris of an under-construction roof of a cold storage which collapsed in the Daurala area of Meerut district on Friday.   As per the local police sources, senior administrative and police officials including Meerut Divisional commissioner Selva Kumari J, IG Praveen Kumar, SSP Rohit Singh along with a team of the National Disaster Response Force (NDRF) rushed to the spot to carry out rescue operations. The police sources added that till the evening around 26 persons were taken out of the rubble and efforts were on to trace others. Four persons were said to be critical. The cold storage belonged to a former BSP MLA C...

He is survived by wife Pratibha Patil and two children - a son and a daughter. His last rites will be performed in Pune later in the day, the source said. President Pratibha Patil and her husband Devisingh Shekhawat. PUNE:  Former President Pratibha Patil's husband Devisingh Shekhawat passed away at the age of 89 at a private hospital here following a heart attack, sources close to the family said. He was admitted to the hospital a few days back, they said. "He passed away at 9 am today due to a heart attack," a source said. He is survived by wife Pratibha Patil and two children - a son and a daughter. His last rites will be performed in Pune later in the day, the source said.

Convict Eric R. Holder Jr's father in a letter read out in court said: "I question myself every day asking if I as a father did everything to help Eric Jr. stabilize his mental health." Late rapper Nipsey Hussle LOS ANGELES: A Los Angeles judge on Wednesday sentenced the man convicted of gunning down Nipsey Hussle to 60 years to life in prison after hearing testaments to the immense cost of the killing of the hip-hop star and neighborhood leader, and of the lifetime of mental illness, abuse and struggle of the man who shot him. Superior Court Judge H. Clay Jacke II handed down the sentence to Eric R. Holder Jr., 33, who was found guilty of the 2019 first-degree murder of the 33-year-old Grammy-nominated hip-hop artist outside the clothing store Hussle founded, the Marathon, in the South Los Angeles neighborhood where both men grew up in very similar circumstances. “I am very mindful of what was presented as to Mr. Holder’s mental health," Jacke said. "I am al...

 President Joe Biden's order to down what the US has since called a "sophisticated high-altitude spying vehicle" sparked the latest diplomatic spat between Washington and Beijing.                        The photo shows the Chinese balloon as observed from a U2 plane on Feb 3. Washington, United States: The US defense department has released a high-altitude cockpit selfie of a U-2 spy plane pilot soaring over an alleged Chinese surveillance balloon the day before it was shot down. President Joe Biden's order to down what the US has since called a "sophisticated high-altitude spying vehicle" sparked the latest diplomatic spat between Washington and Beijing. China has said the balloon was an errant weather observation aircraft with no military purpose and both countries have since accused one another of espionage. The photo released by the Pentagon on Wednesday shows the Chinese balloon floating over the central continental U...

 After a preliminary investigation, police said, Kumaraswamy had planned to murder his wife and return home. He wanted to stage it as a crime committed by a beggar. Image used for representational purpose only. CHENNAI: An assistant professor disguised himself as a beggar and attempted to murder his wife in Egmore on Thursday evening. The arrested accused is M Kumaraswamy (56). He was arrested based on a complaint from his wife Jeyavani (38). According to the police, Kumaraswamy works as an assistant professor in the history department of Nandanam Arts College for Men. His wife K Jeyavani works in a private engineering college, the police said. The couple has two sons and a daughter. They married about 12 years ago and lived in Egmore near Pantheon Road. On Thursday at around 7 pm, Jeyavani got down from an MTC bus at the Egmore bus stop and was walking house. When she was crossing the Anglo-Indian Quarters Road, a beggar ran towards her and attacked her with a blade. The assai...

 The victim was identified as Dharavathi Preethi. She was allegedly harassed by a senior PG student from the same college.  WARANGAL: A Post Graduate (PG) first-year student from the Kakatiya Medical College (KMC) attempted in the MGM Hospital, Warangal on Wednesday. The victim was identified as Dharavathi Preethi. She was allegedly harassed by a senior PG student from the same college.  According to Preethi's father Dharavathi Narender, four days ago a senior student, Dr Saif harassed the victim in the name of discharging duties in the MGM Hospital. Narender lodged a formal complaint with the Mattewada Police over the phone after his daughter told him about what happened.  The police reacted immediately and called the Kakatiya Medical College (KMC) principal Mohan Das regarding the harassment issue; the police cautioned them to take appropriate measures.  Both students are pursuing their Anaesthesia at KMC under the supervision of Dr K Na...

 In an interview, Jaishankar said that he was the longest-serving Indian Ambassador in China and it was PM Narendra Modi, not Rahul Gandhi, who sent the Army to the LAC. External Affairs Minister S Jaishankar. NEW DELHI: A day after External Affairs Minister S Jaishankar’s remarks on Rahul Gandhi, the Congress on Wednesday came out all guns blazing, calling him a ‘failed’ minister and alleging that foreign policy has become a chest-thumping exercise and is being used to secure contracts for a businessman. In an interview, Jaishankar said that he was the longest-serving Indian Ambassador in China and it was PM Narendra Modi, not Rahul Gandhi, who sent the Army to the LAC. Targeting the EAM, Congress leader Supriya Shrinate said that though he intended to criticise Rahul Gandhi, the minister ended up insulting the Armed forces. “The EAM said that India is the smaller economy and China is the bigger economy and we cannot go and pick a fight with them. Is he saying that India is no...