Happy Birthday Tiger Woods

Rhythym salutes and wishes Tiger Woods on his birthday

Tiger Woods was born on December 30, 1975 in Cypress, California to Earl and Kultida Woods.

Tiger Woods is an American professional golfer whose achievements to date rank him among the most successful golfers of all time. Currently the World No. 1, Woods was the highest paid professional athlete in 2006, having earned an estimated $100 million from winnings and endorsements.

For the ninth time in 11 years, Tiger Woods has been selected Player of the Year - 2007 by the Golf Writers Association of America. He will be honored at the GWAA's Annual Awards Dinner, April 9, 2008 in Augusta, Ga.

Source: Tiger Woods, Wikipedia

Citi Board Names Vikram Pandit Chief Executive Officer and Sir Win Bischoff Chairman

Pandit says "Simplifying the company's organizational structure and aligning our businesses and resources with appropriate goals and economic realities will be among our initial priorities"

Citigroup Inc. (NYSE: C) December 11, 2007 New York – The Board of Directors of Citi today announced that it has appointed Vikram Pandit as the company's new Chief Executive Officer and member of the Board of Directors, effective immediately. Sir Win Bischoff, who has been acting Chief Executive Officer since November 4, 2007, will succeed Chairman Robert E. Rubin, who will return to his previous duties as a member of the Citigroup Board of Directors and Chairman of the Executive Committee of the Board.

Mr. Pandit was most recently Chairman and Chief Executive Officer of the Institutional Clients Group, which comprises Citi Markets & Banking and Citi Alternative Investments. Previously, he was a founding member and chairman of Old Lane, LP, a multi-strategy hedge fund and private equity fund manager acquired by Citi in 2007. Prior to founding Old Lane, Mr. Pandit held a number of senior positions at Morgan Stanley over more than two decades, including President and Chief Operating Officer of Morgan Stanley's Institutional Securities Group, which included Morgan Stanley's investment banking, fixed income and capital markets businesses.

Sir Win has had a distinguished and successful career in financial services, serving as Chairman of Schroders plc before joining Citi in 2000, with the acquisition of Schroders' investment banking business by a Citi predecessor company. Most recently, he has chaired Citi's growing businesses in Europe, the Middle East and Africa.

Source: Citi

Honeywell Wins Three Frost & Sullivan Awards Recognising Excellence in Building Integration Technologies

Honeywell Building Solutions (HBS) bags Frost & Sullivan Awards

(BW)(FROST-&-SULLIVAN) Mumbai, Maharashtra, India, Thursday, December 13, 2007 -- (Business Wire India) -- Frost & Sullivan has announced that Honeywell Building Solutions (HBS) won three awards at the recently held Building Technologies Excellence Awards 2007, a first of its kind for India. HBS was awarded Best Company of the Year for Electronic Security Systems Integration (India), Energy Management Services (India) and Integrated Building Management Systems (India).The Awards, based on detailed industry research, recognize Best Practices and outstanding performance by companies in India's Fire Safety, Security and Building Management Systems industry and its segments.

Source: Business Wire India

168 new members in Billionaire Club

Dollar billionaires more than double to 48; real estate barons have a field day

Powered by the booming stock markets, India produced 168 new billionaires — easily the highest ever — in 2006-07. As many as 30 have moved up at least 100 places — another record.

As a result, the membership of the Billionaire Club has touched 533 and their combined wealth stands at Rs 12.32 lakh crore. The top five are worth over Rs 50,000 crore each.

To put these figures in context, eight years ago, when Business Standard compiled its first list of the wealthiest people in the country, the 100 that comprised it were worth Rs 84,000 crore.

The details of the rankings of India’s richest are being carried in The Billionaire Club magazine, which is being distributed free with the paper today.

There are now 48 Indians with wealth above $1 billion (Rs 4,000 crore, or Rs 40 billion), making them dollar billionaires. There were 23 last year and only three in 1999.

Source: Business Standard

HD Video-on-Demand Now Playing on Verizon FiOS TV

1,000 HD VOD Titles Expected by the End of 2008

NEW YORK - Just in time for the holiday season, Verizon is unwrapping high-definition video-on-demand in many of its FiOS TV markets.

HD VOD is now available over the FiOS TV systems in Richmond and Virginia Beach, Va.; Tampa, Fla.; Fort Wayne, Ind.; and Pittsburgh. It is coming soon to the FiOS systems in the Washington, D.C., metro area, Massachusetts and Rhode Island; and to Verizon's remaining FiOS TV markets next year.

"Whether they're buying their first HDTV or their fourth this holiday season, HD customers always want more HD programming," said Shawn Strickland, Verizon's vice president of video solutions. "We're delivering HD on demand with the same amazing picture quality that customers expect from FiOS TV -- and with the promise of more HD programming in 2008."

Source: Verizon

Fidelity is Now Everywhere with Fidelity Anywhere™

Fidelity Fund Management Launches Mobile-Friendly Lite Web Site

Mumbai, Maharashtra, India, Tuesday, December 04, 2007 -- (Business Wire India)Fidelity Anywhere™, a mobile-friendly lite web site, was launched by Fidelity Fund Management today.Anyone with a handheld device or a mobile phone which has an internet browser and GPRS connectivity can access Fidelity Anywhere™ (www.fidelityanywhere.co.in). As a lite web site, it is custom created for mobile and handheld devices which makes it quicker to access and easy to navigate. Fidelity Anywhere™ is an informational web site launched by Fidelity’s domestic asset management company in India. It provides the latest NAVs for Fidelity’s funds in India and allows its customers there to request application forms and investor guides which are then delivered via email. Customers who do not have GPRS enabled mobile phones can use the SMS facility to get the latest NAVs.

Announcing the launch of Fidelity Anywhere™, Ashu Suyash, Managing Director and Country Head, Fidelity Fund Management, said, “With Fidelity Anywhere™, we have taken a pioneering step towards increasing customer convenience. This new service virtually provides an investor service centre on the mobile. At Fidelity, we are constantly working on innovative ways to improve the customer experience and by offering multiple channels to reach us, we are giving customers the choice to use the one that they find most convenient.

Source: Business Wire India

Risk factors:
Mutual funds, like securities investments, are subject to market risks and there is no guarantee against loss in the Scheme or that the Scheme’s objectives will be achieved. -- As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on various factors and forces affecting capital markets. -- Past performance of the Sponsor/the AMC/the Mutual Fund does not indicate the future performance of the Scheme. Please read the Offer Document of the schemes before investing.

Statutory:
Fidelity Mutual Fund (‘the Fund’) has been established as a trust under the Indian Trusts Act, 1882, by Fidelity International Investment Advisors (liability restricted to Rs. 1 Lakh). Fidelity Trustee Company Private Limited, a company incorporated under the Companies Act, 1956, with a limited liability is the Trustee to the Fund. Fidelity Fund Management Private Limited, a company incorporated under the Companies Act, 1956, with a limited liability is the Investment Manager to the Fund.

Citi's Pandit a Frontrunner for CEO Spot--Reports

NEW YORK (Reuters) - Vikram Pandit, head of institutional clients at Citigroup Inc , is a front-runner for the bank's chief executive spot, according to media reports.

If Pandit were made chief executive, his ascent at Citi would be fast. He joined in July, when the largest U.S. bank closed on its purchase of his hedge fund, Old Lane Partners LP in a deal worth an estimated $800 million.

That purchase was announced in April and was widely seen as a way to deepen Citi's management ranks, as questions were arising about who would eventually succeed Charles Prince.

Prince resigned on Nov. 4, when Citi said it might face a $8 billion to $11 billion of subprime mortgage-linked write- down in the fourth quarter. The expected size of that write-down has only risen as asset values have decreased, analysts have said.

Source: Reuters