Latest news with #Asi
Time of India
11-07-2025
- Business
- Time of India
Tariff tug-of-war clouds global outlook; stock pickers to lead the charge: Manishi Raychaudhuri
"Consumption, private domestic consumption , in some markets is being supported, is being boosted like in China, like in India. So, there are some of these themes which investors would have to cherry pick and within these themes the stocks, the companies that have assured growth and relatively better palatable valuations. And so, it will be a very interesting stock pickers market going forward," says Manishi Raychaudhuri , Veteran Investor In Asian Equities. Confusion on the tariff front, it is quite strange, good but true that markets are holding on, why is that? Manishi Raychaudhuri: It is a phenomenon all across Asia. If you look at the Asian markets in the first half, they have moved up about 13% to 14%. They have climbed several walls of worry. It is a bit strange, no doubt, and I personally think that there is a degree of, I mean if I may use that word, complacence on the part of investors about the potential impact of tariffs and more broadly about the potential impact of policy uncertainty. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Design & Build Your Dream Office Officebanao Book Now I mean, think about it, if you think today the tariffs on China are more than 50% and therefore you decide to relocate your supply chain, your manufacturing capacity into a low tariff jurisdiction, but tomorrow that the situation is reversed and tariffs in China decline and in the other country it increases, then in this kind of a scenario it is impossible for any manufacturer or any business to plan ahead and we have not yet seen the impact of that. So, my conclusion out of all this would be that okay we have seen a very good first half, the second half is where we have to tighten our bills and we have to brace for a more modest returns, maybe single digits, all across Asia, I am not singling out any market here. Some themes are doing well. AI is again back in focus, particularly the likes of Nvidia and the entire AI supply chain. Consumption, private domestic consumption, in some markets is being supported, is being boosted like in China, like in India. So, there are some of these themes which investors would have to cherry pick and within these themes the stocks, the companies that have assured growth and relatively better palatable valuations. And so, it will be a very interesting stock pickers market going forward. But it is always a stock pickers market, is not it? I mean, you always have to focus on individual businesses rather than macros or micros. So, my question is that what would be different because last one year it has been a stock pickers market only? Manishi Raychaudhuri: Well, I mean, if you simply put your money in an ETF based on MsCi Asia ex-Japan, this year you would have made pretty decent returns, in 2025 you would have made about 14% in US dollar terms and that is not bad returns by any means. So, even if you did not do stock picking, you put in in a low-cost index ETF, and an Asia-wide ETF, then well, you were quite okay. You would have been well off. But that situation I do not think would not last going forward. Some of the reasons I provided, I mean the market would have to sort of appreciate that there are some companies who would possibly ride through this period of uncertainty much better than others. There are the market leaders in each segment who would possibly have the ability to pass on cost increases and despite that retain their customers. So, those are the parameters that investors would have to look at. Live Events One thing is absolutely clear that Indian markets have made a peace with the contingent scenarios in the global front, but we cannot even negate the fact that we need a trigger, an economic indicative action to move ahead and yes, earnings estimates trajectory, currencies are a few triggers which can give that boost to the markets. Considering the earnings trajectory and remembering the operational updates which we have seen in past, what do you think how is the earning season going to pan out this time? Manishi Raychaudhuri: Now that is an interesting question because somewhat disappointingly in India we have seen earnings estimates decline right from last summer actually, from around August-September last year, and almost each and every sector has been a victim of this. Earnings estimates have declined across sectors on a broad-based basis. In fact, if you look at whole of Asia, there are just two markets, Korea and Taiwan, which have seen earnings estimates increase in a sustainable manner. Now, there is, of course, a kind of a point of view and I kind of partly tend to agree with that, that earnings estimate trajectory in India would bottom out in the second half of this year, possibly in the fourth quarter, and begin to move up driven by a few variables. Number one, the additional cash that has been put in the hands of taxpayers and there are more coming as far as the government workers are concerned, that will begin to have an impact on urban consumption at some point of time. Number two, this jumbo rate cut from the Reserve Bank of India, the cut to CRR will begin to have an effect on liquidity and consumption and investments with a time lag. The monsoon seems to be good. Therefore, we do not have much of a concern about food inflation and even rural incomes. So, I would think that those would be some of the triggers. When investors actually begin to see that earnings estimate upgrades are beginning to come through, that is when the market would begin to move up on a sustainable basis. Before that what India is going through is a classic time correction which is actually not a bad outcome because the relative valuations in the process are correcting. Just see today, I mean, Hong Kong is up 1.4%, Taiwan is up 0.3% roughly I can see it on my screen here, and India is just about flattish to 0.2-0.3% down which is that same classic time correction which is happening and that is a good outcome because the relative valuations are correcting. If it goes on for somewhat longer, the valuations would again begin to look attractive to the foreign institution investors.
Daily Mail
30-04-2025
- Daily Mail
Footy star learns his fate after trying to smuggle almost $1million worth of meth to pay off debts from his cocaine addiction
A former semi-professional rugby union star has been sentenced to four years and 22 days in prison after he pleaded guilty to trafficking nearly $1million worth of methamphetamine across the South Australian border from New South Wales. Tiueti Asi, 33, who was born in New Zealand, had incurred a 'substantial debt to drug dealers' which Judge Jane Schammer said had arisen from his addiction to cocaine and had been transporting the methamphetamine to 'wipe the debt'. Described as a talented rugby player, the back-row forward appeared in the South Australian District Court earlier in April where he was sentenced. He is expected to spend at least two years behind bars, with his sentence being backdated to his arrest, following his early guilty plea. He will be eligible for parole in 2026. The former rugby star and a father of two, most recently played for the Hunter Wildfires in New South Wales and was named the club's 'Wildfire of the Year' in 2023. Asi was arrested on September 17, 2024. He was driving a Suzuki Swift along the Princes Highway in Tailem Bend when he was stopped by police officers and searched. Officers from South Australia Police's Serious and Organised Crime Branch, the Australian Federal Police and NSW Police with Murray Mallee patrols found that Asi was transporting 8kg of methamphetamine and more than $3000 in cash. The father of two had been charged with one count of trafficking a large commercial quantity of a controlled drug, a charge he later pleaded guilty to. The charge carries a maximum punishment of life imprisonment. When handing down sentencing, Judge Schammer detailed that Asi was also found to have been carrying three mobile phones and had substances which weighed between 991 and 995g. 'You had incurred a substantial debt to drug dealers arising from your previous addiction to cocaine. You agreed to transport the drugs to South Australia, driving from your home in New South Wales via Victoria, in order to wipe that debt,' Judge Schammer said. 'You feared you would be caught but took the risk to participate. Your fears were ultimately realised.' The substances, which were sealed in eight individual packages, were stored in a black backpack found on his back seat. 'Each package contained mixed methamphetamine, with the respective weights of those substances ranging between 991 and 995g. In a bum bag in the front passenger footwell were personal items belonging to you, together with $3,720 in cash. You were found to be carrying three mobile phones, which were all seized. 'At that time, if sold in similarly packaged quantities, those drugs had a market value of between $720,000 and $840,000. If sold in smaller quantities, the drugs had a considerably higher market value.' Described by the judge as a 'talented player' the footy star had enjoyed spells with West Harbour and Warringah, before joining the Wildfires in 2020. He has also enjoyed stints playing in Spain and New Zealand. Judge Schammer added: 'I accept that you are extremely ashamed and remorseful for what you have done and you feel as if you have let everyone close to you down.' The Advertiser also claims that the arrest was made as part of Australian Federal Police's (AFP) Operation Kraken - a crackdown on an encrypted communications application that is used by alleged criminals. As of December 2024, the AFP reported that more than 50 alleged criminals have been charged and $25m in assets have been restrained as part of the operation.
Yahoo
30-03-2025
- Business
- Yahoo
Pupils rise to the challenge by starting bakery
A school has created its very own bakery to sell cakes and breads direct to a coffee shop to help develop children's real-life business skills. Castle Newnham Bakery was started by GCSE hospitality and catering pupils at the Bedford school which now sells its wares to Mooch Coffee in the town. Pupil Asi, 15, said it had helped her understand "what it is like to work in the hospitality and catering industry", and she hopes to open her own bakery. Mat Dunkley, a partner at the shop, said it received two tray bakes and three loaves every week and treated the pupils "like any other supplier". The collaboration came about when Martin Jenkins, another partner at the shop, attended his son's sports day at Castle Newnham School. He purchased some sweet treats at a stall run by the catering pupils and was so impressed with the quality that he requested an order. Now, every Thursday, the pupils bake a variety of cakes after school, ranging from lemon drizzle and jam and coconut to chocolate slices and old school cake. They work in the school kitchen to comply with health and hygiene laws and regulations. They also care for a sourdough starter named "Kitty". The finished food is collected on Friday morning and taken to the store. Chloe, 14, said: "Baking for Mooch Coffee is my favourite part of the week. "I love the experience of working in the industrial kitchen and using the extra large equipment to bake the cakes each week." Precious, 15, said: "I love visiting the coffee shop at the weekend and seeing our cakes being sold to the local community." Asi said: "I would love to own a bakery when I am older, so this is the perfect experience." Mr Dunkley said: "It's just brilliant, we don't treat them any differently because they're children, we treat them like any other supplier. "I'm proud of the partnership. "We're paying for a service and it gives pupils the opportunity to gain hands-on experience in hospitality, completing the full catering cycle by also supporting the community." He said the shop was also planning to do more including collaborating with the school's performing arts department to host intimate acoustic music evenings to further enrich "the pupils' learning journey". Follow Beds, Herts and Bucks news on BBC Sounds, Facebook, Instagram and X. 'People think I work in a cafe at 18 but I own it' Head teacher rejects 'lost generation' label Dog joins school staff to help with Covid anxiety Castle Newnham School
BBC News
30-03-2025
- Business
- BBC News
Bedford school starts bakery to sell bread and cakes to café
A school has created its very own bakery to sell cakes and breads direct to a coffee shop to help develop children's real-life business skills. Castle Newnham Bakery was started by GCSE hospitality and catering pupils at the Bedford school which now sells its wares to Mooch Coffee in the town. Pupil Asi, 15, said it had helped her understand "what it is like to work in the hospitality and catering industry", and she hopes to open her own Dunkley, a partner at the shop, said it received two tray bakes and three loaves every week and treated the pupils "like any other supplier". The collaboration came about when Martin Jenkins, another partner at the shop, attended his son's sports day at Castle Newnham purchased some sweet treats at a stall run by the catering pupils and was so impressed with the quality that he requested an every Thursday, the pupils bake a variety of cakes after school, ranging from lemon drizzle and jam and coconut to chocolate slices and old school work in the school kitchen to comply with health and hygiene laws and regulations. They also care for a sourdough starter named "Kitty". The finished food is collected on Friday morning and taken to the store. Chloe, 14, said: "Baking for Mooch Coffee is my favourite part of the week."I love the experience of working in the industrial kitchen and using the extra large equipment to bake the cakes each week."Precious, 15, said: "I love visiting the coffee shop at the weekend and seeing our cakes being sold to the local community."Asi said: "I would love to own a bakery when I am older, so this is the perfect experience." Mr Dunkley said: "It's just brilliant, we don't treat them any differently because they're children, we treat them like any other supplier."I'm proud of the partnership."We're paying for a service and it gives pupils the opportunity to gain hands-on experience in hospitality, completing the full catering cycle by also supporting the community."He said the shop was also planning to do more including collaborating with the school's performing arts department to host intimate acoustic music evenings to further enrich "the pupils' learning journey". Follow Beds, Herts and Bucks news on BBC Sounds, Facebook, Instagram and X.
Yahoo
08-02-2025
- Sport
- Yahoo
Asi hits 8 3-pointers, No. 25 Cowgirls use hot start, race past No. 12 Kansas State 85-55
STILLWATER, Okla. (AP) — Anna Gret Asi drilled a career-high eight 3-pointers and scored 24 points, Stailee Heard had a double-double and No. 25 Oklahoma State blitzed No. 12 Kansas State 85-55 on Saturday. Asi had six 3s in the first half as the Cowgirls bolted to a 51-20 lead. After the Wildcats scored the first 10 points of the second half Oklahoma State reeled off 15 points. Heard had 21 points and 11 rebounds for Oklahoma State (19-4, 9-3 Big 12 Conference), which matched its largest win against a ranked team in school history. Micah Gray had 19 points. Gray and Heard both had three 3s and Asi had six assists. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Jaelyn Glenn had 13 points for the Wildcats (22-3, 10-2) and Serena Sundell had 11. The Cowgirls blitzed the Wildcats 31-9 in the opening quarter. After missing their first shot, they hit nine straight, the last four of them 3-pointers. They hit 7 of 11 behind the arc in the first quarter. The first quarter was the 11th 30-point quarter of the season for the Cowgirls and the 15th time they held an opponent to single figures. Asi was 6-of-7 shooting from distance in the first half to almost outscore the Wildcats by herself. Gray added 15 points and Heard 11, both hitting three 3s as the Cowgirls were 12 of 21 behind the arc and shot 57% overall to 23% for Kansas State. Asi had a pair of 3s in the third quarter run that gave the Cowgirls a 70-32 lead going into the fourth. Kansas State goes to Cincinnati and Arizona is a Oklahoma State on Wednesday. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP women's college basketball: and
