“I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said. Warren Buffett, the world’s most famous investor, has revealed his decision to step down as Berkshire Hathaway‘s CEO by year-end, appointing Greg Abel, a 62-year-old low-key Canadian executive and one of his trusted…
Warren Buffett (File photo) Warren Buffett used the spotlight at the 2025 Berkshire Hathaway Annual Shareholders Meetingto issue a pointed warning: “Trade should not be a weapon.” Reaffirming his globalist economic philosophy, the legendary investor defended his 2003 “import certificates” idea while criticizing rising protectionist sentiments and tariffs, which he now views as acts of…
United States Trade Representative The United States on Saturday called out multiple countries, among them China and India, over their “unfair trade practices” which it alleged were “harming” America’s textiles and apparels sector.In a social media post, the United States Trade Representative (USTR) said that China’s domestic manufacturers were enjoying “unfair competitive advantages” due to…
The inaugural edition of WAVES Bazaar concluded on Saturday, with the marketplace recording business transactions exceeding Rs 800 crore over its three-day period. According to an official statement, the total valuation is projected to surpass ₹1000 crore in a few days as deal-making was still underway.The deals struck during the event were across the film,…
Warren Buffett’s six-decade reign at Berkshire Hathaway is filled with stories of staggering profits, philosophical pivots, and a few painful lessons. As the 94-year-old “Oracle of Omaha” announces plans to retire as CEO by the end of 2025, the spotlight is once again on the investments that made, and occasionally unmade, his fortune. The genius…
NEW DELHI: In a sudden move, govt has removed Krishnamurthy Subramanian, its nominee on the IMF board, six months before his tenure was to end.The decision comes days before a crucial meeting of the IMF board to decide on a fresh $1.3bn climate resilience loan to Pakistan. Govt has upped the ante at multilateral agencies,…
NEW DELHI: Govt has told industry that current discussions for the proposed trade deal with the US are focusing on products or tariffs lines, and has sensitised it about the possible rules of origin that will determine if an item qualifies for duty concessions or not.During a meeting on Friday, businesses were also asked to…
Smartphones and tablets will be the first two electronic consumer items to be brought under the ‘Repairability Index‘ regime.The ‘repairability index’ is a label that manufacturers put on electrical and electronic equipment to inform consumers about the repairability of the entire product or its components.The index rates products on six core parameters – disassembly depth;…
MUMBAI: State Bank of India reported a net profit of Rs 18,643 crore for Jan-March quarter, down 9.9% from Rs. 20,698 crore a year ago, mainly due to a one-time provision for increased pension liabilities. The bank had implemented a uniform 50% hike in pensions and adjusted payouts for inflation through dearness relief neutralisation. As…
MUMBAI: Kotak Mahindra Bankreported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale of…
