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50 years of Gowri Cine Complex fete held

50 years of Gowri Cine Complex fete held

Hans India4 hours ago
50 years of Gowri Cine Complex fete heldWitha vison to build lasting institutions, Sane Pedda Veera Reddy purchased land in 1971 and financially supported the construction of Gowri Cine Complex which has 4 theatres along with his 6 sons S Venkata Narayana Reddy, S Onnur Reddy, S Chinna Venkat Reddy, S Seetharami Reddy, S Ramchandra Reddy and S Ramakrishna Reddy.
Gowri Theatre was inaugurated on 4th July 1975 with 980 seats featuring a 70mm screen and a unique ramp structure. Ganga Theatre with 590 seats was inaugurated in 16th July 1981, Gayatri Theatre with 700 seats was inaugurated with 700 seats in 25th December 1987, and Gowtami theatre with 313 seats in 2nd May 1997, becoming one of the most recognized names in Andhra Pradesh,
It quickly became one of the most recognized and beloved names in Andhra Pradesh, setting new standards in the entertainment industry. The theatre was celebrated for introducing a range of cutting-edge innovations that transformed the movie-going experience. Among these were the inclusion of balcony seating for a more comfortable and elevated viewing experience, push-back chairs that ensured greater comfort for long films, and the implementation of DTS Dolby sound, offering immersive audio quality. Air cooling systems were integrated to provide a refreshing environment for audiences, making the experience enjoyable even during the hottest months. Additionally, the integrated canteen offered convenience, allowing moviegoers to enjoy refreshments without missing a moment of the film.
These features not only set the theatre apart but also played a key role in shaping modern cinema culture in the region almost having more than 250 films running for more than 100 days.
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EXCLUSIVE My mum wrote a letter in defence of a family friend she thought had been wrongly accused of sexual abuse - little did she know, he regularly raped me from the age of three
EXCLUSIVE My mum wrote a letter in defence of a family friend she thought had been wrongly accused of sexual abuse - little did she know, he regularly raped me from the age of three

Daily Mail​

time25 minutes ago

  • Daily Mail​

EXCLUSIVE My mum wrote a letter in defence of a family friend she thought had been wrongly accused of sexual abuse - little did she know, he regularly raped me from the age of three

A woman has bravely spoken out about the sexual abuse she suffered at the hands of her childminder's son - and told how her own mother came unknowingly to write a letter in his defence. Rachael Smith, 23, from Hertfordshire, was preyed upon at the tender age of three by evil predator, Steven Freitas, 34, who raped and sexually assaulted her for three years. Until the age of six, Freitas raped Rachael in his family home when she went to stay with her childminder, threatening to do it to her younger sister, Katie, if she told anyone. Unbeknownst to Rachael, when she was six, Freitas was arrested and convicted of sexually abusing two other girls under 13. In a shocking twist, not knowing of the abuse her own daughter had faced, Rachael's own mother, Steph, 43, wrote a character witness in Freitas' favour, declaring that he'd 'never do something like that' and said she believed the victims' claims were 'untrue'. It wasn't until over a decade later that Rachael discovered the statement and told her mother about the traumatic abuse she'd faced as a child year earlier, leaving her horrified. Rachael has bravely waived her right to anonymity to encourage other survivors to speak out against their abusers. The recovery worker said: 'For so long I kept this terrible secret. When I found Mum's statement I felt sick to my stomach he'd had other victims. 'Steven had managed to manipulate my own mother into thinking he was innocent. When she found out about what he'd done to me, she was beside herself with guilt. 'I'm just glad he's finally behind bars where he belongs.' In June this year, Freitas was jailed for five years for rape and sexual assault by penetration. Rachael was just four months old when she started being cared for by her childminder, Freitas's mother, who was a close family friend, and said she 'loved' going to her house. Rachael remembers: 'I saw Steven's mother like a second mum. I loved going to her house and playing with the other children.' However, everything changed when Rachael turned three. One day, in 2004, Freitas, then aged 11, coaxed her into the downstairs toilet, in the guise of taking her for a wee. She says: 'While inside, he took off my underwear and started touching my privates. He told me it was "our secret". 'I was only young so thought it was normal and agreed.' The abuse escalated and Freitas began making Rachael sit on his lap, naked, and making her touch him too. Just months later, he raped her for the first time. She recalled: 'I just remember how painful it felt. I wanted to get it over and done with and go back to playing.' Most weeks, while she was being looked after, Freitas took her into the toilet multiple times to abuse her, which also included oral rape. Afterwards, he would offer to plait her hair or play games with her. Rachael said that if she ever told him 'no', he would threaten her, saying he would make her younger sister, Katie, then two, do it instead. Another time when she tried to resist, Freitas said he'd tell her mother to 'hate' her. Rachael (pictured) has described her torment when her mother unknowingly wrote a letter in defence of Freitas 'Desperate' to protect her younger sister, Rachael kept quiet, but remembers: 'It was awful'. Once, aged six, Rachael refused to go with Freitas to the bathroom, but he forced her inside and raped her again. Soon after, Rachael stopped going to her childminder's house. Unbeknownst to Rachael, Freitas had been arrested for sexually abusing two children in his mother's care. In September 2008 then aged 17, he was convicted at St Alban's Crown Court of seven counts of sexual assault of a female child under 13 in respect of two victims, aged 7 and 9. He was sentenced to an 18-month Detention and Training Order. His mother's business subsequently shut down. Over the following years, Rachael blocked out the abuse but when she learned about sex education at school at the age of 10, the memories all came back. At school, aged ten, she learnt about sex education. She says: 'Everything came flooding back and I realised what had happened was wrong. 'I asked my teacher questions like, "how long does sperm live inside you?" and "can kids get pregnant?". I was terrified. 'They should've picked up on those signs, as they're not normal questions for kids to ask.' Afterwards, Rachael developed OCD and Tourettes syndrome - a condition that causes people to make sudden, repetitive sounds or movements. She'd have rituals where she'd wash her hands multiple times and talk to her teddies, telling them 'don't kill my family'. She says: 'I had such intrusive and violent thoughts. I hated my body and felt ashamed and embarrassed. 'I began having nightmares and panic attacks.' In March 2013, Freitas pleaded guilty to another two offences of sexual activity (penetrative) with a female child under 16. He was sentenced to five years custody with an extended license period of eight years. As Rachel grew into her teens, she experienced further problems, entering toxic relationships and finding intimacy painful - and knew it was all down to the abuse. In November 2020, when she was 17, she stumbled across her mum's character witness statement while looking for some documents for a job application - and was 'horrified' and 'felt sick' at what she found. 'I was horrified reading what she'd said about Steven,' Rachael said, recalling the moment she found the statement. He'd convinced her he was innocent. 'The fact that she'd defended him made me feel sick. Knowing he'd had other victims, I felt guilty I'd let him hurt others.' For the next year, Rachael thought carefully about her findings until one day, she plucked up the courage to report Steven to the police. When she confessed what had happened, she said the police were 'so supportive' and the detective in charge believed her 'straightaway'. Two weeks later, she told her mother the truth of what happened via text message. Rachael said: 'She felt so guilty she'd defended him, unknowingly. Was horrified at how monstrous he actually was.' At his trial this month, Rachael bravely gave her evidence, and was horrified when the defence 'asked her what she had been wearing' when she was just three years old. This time, Rachael's mother Steph was called to the stand to give evidence for the prosecution. Steph, 43, said: 'Steven's mother was a registered childminder and good friend of my family. 'She lived opposite my parents. I always thought Steven was immature for his age and behind developmentally and socially. But I had no idea the monstrousness he was capable of. 'When Steven was arrested for the first abuse case, I didn't think the allegations were true. 'I couldn't imagine such a thing happening in a seemingly loving home. His mum was in tears and I felt sorry for her.' Steph wrote a character witness statement for court, after Steven's mother asked for her help and she fully supported the family during the trial. She explains: 'I will always regret doing that now. Receiving Rachel's text made me feel numb. 'I couldn't cope knowing how much he hurt and traumatised her. It breaks my heart I couldn't protect her. I hate him for what he's done.' This June, Freitas, 34, was found guilty of sexual offences against Rachael at St Alban's Crown Court. Rachael, who is now calling for parents to educate their children on their anatomy, boundaries and consent, says: 'Knowing he's been taken off the streets gives me some comfort. 'He's now known as a sex offender so people know what a danger he is. Finally, he's been exposed for the vile creature he is. 'I'm certain he's got more victims out there. I want to let other survivors know, it's never their fault and they should never feel ashamed. 'I'm finally spoken my truth and no longer feel and guilt or shame.'

Warren Buffett's 7 point playbook for mutual fund investors
Warren Buffett's 7 point playbook for mutual fund investors

Economic Times

time25 minutes ago

  • Economic Times

Warren Buffett's 7 point playbook for mutual fund investors

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. ADVERTISEMENT 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. In his 2016 shareholder letter, Buffett delivered a stinging assessment of the asset management industry: 'When trillions of dollars are held by Wall Street managers who charge huge fees, the real profits usually accrue to the managers, not to the investors.' His endorsement of low-cost index funds, particularly for those unwilling or unable to scrutinise markets full-time, has been consistent. Posthumously, he has said, 90% of his personal fortune is to be allocated to S&P 500 index funds, and only the cheapest India, the implications are clear. Large-cap index funds tracking the Nifty 50 or Sensex offer broad market exposure at a fraction of the cost of actively managed schemes, with higher tax efficiency and lower tracking error in the long run. ADVERTISEMENT 'Only buy something you would be happy to hold if the market closed for the next 10 years.' This often-cited line captures Buffett's disdain for market timing and his belief in the power of mutual fund investors, the lesson is unambiguous: avoid frequent portfolio reshuffling, select schemes with robust long-term performance, and allow them the runway to deliver. Switching funds to chase near-term returns is, in Buffett's view, self-defeating. ADVERTISEMENT 'Give time to a good investment, and time will be your best friend,' Buffett says. ADVERTISEMENT Buffett has long maintained that successful investing owes more to temperament than intellect. 'Investors should be able to separate themselves from the fear or excitement of the crowd, and focus on a few basic principles,' he wrote in mutual fund participants, the prescription is clear: regular SIPs, realistic expectations, and emotional discipline. In other words, no CFA charter is required. ADVERTISEMENT 'Watching the market too closely can be harmful.' Buffett has warned of the dangers of hyper-monitoring, noting how short-term volatility can breed panic and is famously dismissive of overreaction: 'The stock market is a device for transferring money from the impatient to the patient.'Fund investors, he suggests, should ignore daily NAV updates, resist reacting to headlines, and trust the process. SIPs work best when left undisturbed. Also read: How Jane Street targeted over 40 Nifty, Nifty Bank stocks in expiry-day trades 'Be fearful when people are greedy, and greedy when people are fearful,' Buffett once said, a philosophy that turns crisis into market downturns, when most investors withdraw, Buffett sees value. 'Fear is your friend when investing in quality at a discount.' Mutual fund investors would do well to continue their SIPs during corrections and consider additional allocations. The best returns often follow the worst headlines.'Risk comes from not knowing what you're doing.' Buffett's remark underscores the importance of understanding one's investments, a frequent blind spot in mutual fund type, sector exposure, and volatility characteristics matter. Sectoral and small-cap funds demand longer horizons; international funds carry currency risks. Chasing last year's winners without understanding their structure, Buffett warns, is an invitation to disappointment.'The first rule of investing is don't lose money, and the second rule is don't forget the first.'Buffett has made no secret of his disdain for predictions. 'Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.'Mutual fund investors, in his view, should not reallocate based on short-term rankings or macro calls. A fund's performance over six months says little about its suitability over ten years. Steadiness, not speculation, wins the philosophy is not anchored in the mechanics of mutual funds but in the principles that underpin all sound investing: cost, time, clarity, and composure. His rules, though simple, are anything but simplistic. They ask investors to resist distraction, eschew complexity, and commit with conviction. Also read | Warren Buffett's billion-dollar EV play backed BYD, so why not Tesla? For those seeking to build wealth through mutual funds, the path is not paved with forecasts or fast trades, but with a patient alignment to fundamentals. That, Buffett would argue, is where the real compounding begins. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

OPEN// Madbouli heads to Brazil to participate in 17th BRICS Summit on behalf of Sisi
OPEN// Madbouli heads to Brazil to participate in 17th BRICS Summit on behalf of Sisi

Middle East

time25 minutes ago

  • Middle East

OPEN// Madbouli heads to Brazil to participate in 17th BRICS Summit on behalf of Sisi

CAIRO, July 5 (MENA) - Prime Minister Moustafa Madbouli left Cairo International Airport, heading to Brazil to participate in the 17th BRICS Summit on behalf of President Abdel Fattah El Sisi. The event is being hosted by the city of Rio de Janeiro, Brazil. During his visit, Madbouli is scheduled to take part in a number of sessions dedicated to the member states of the BRICS group. The 17th BRICS Summit will be held on July 6–7 under the theme: "Strengthening South-South cooperation for inclusive and sustainable governance." (MENA) M H K/Y R E

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