Manhattan Has More Secure Buildings Than Most Cities. That Wasn’t Enough.
Decades of threats have heightened security in New York City. But Monday’s attack in a Park Avenue office building shows the limits of preparedness. Source link
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Trump tariff drag on Warren Buffett’s business: Berkshire Hathaway profit halves after $3.76bn Kraft Heinz writedown; Q2 net slips to $12.37bn from $30.25bn YoY
Warren Buffett’s Berkshire Hathaway reported a sharp 59% drop in second-quarter profit to $12.37 billion, hit by a $3.76 billion writedown on its investment in Kraft Heinz as the food company reconsiders undoing its 2015 merger.The company earned $8,601 per Class A share in the June quarter, down from $21,122 per share, or $30.25 billion,…
U.S. Tariffs Land on Taiwan Amid Tension With Washington
The Trump administration is weighing yet more tariffs on chips, Taiwan’s main exports. Source link
Mahindra-SML deal: M&M acquires 58.96% in SML Isuzu for Rs 555 crore, renames it SML Mahindra
Mahindra & Mahindra Ltd (M&M) on Saturday said it has completed the acquisition of a 58.96% controlling stake in commercial vehicle maker SML Isuzu Ltd from Japan’s Sumitomo Corporation and Isuzu Motors for Rs 555 crore.Following the buyout, the company has been renamed ‘SML Mahindra Ltd’, M&M said in a statement. The reconstituted board will…
With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories
President Trump’s executive order carved out a special tariff on goods shipped indirectly to the United States by way of other countries. Source link
IPO update: JSW Cement trims IPO size to Rs 3,600 crore; public issue to open on August 7
JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the offer for public subscription on August 7, according to its final red herring prospectus filed with Sebi.The IPO comprises a fresh issue of equity shares…
India Will Buy Russian Oil Despite Trump’s Threats, Officials Say
President Trump said last week that he would punish India if it did not cut off Russian oil imports, but he did not specify what the penalty might be. Source link
Federal Bank net profit dips 14.6% to Rs 861 crore on MFI provisions
MUMBAI: A sharp increase in provisions pulled down quarterly profit at Federal Bank, India’s sixth-largest private lender, even as asset quality and core earnings improved. Net profit declined 14.6% to Rs 861.8 crore in the quarter ended June 30, 2025, from Rs 1,009.5 crore a year earlier.The fall in profit was driven by a 177.4%…
Why Even Basic Airline Seats Keep Getting More ‘Premium’
As travel demand sinks, both legacy airlines and budget brands have turned to a strategy of ever-expanding upgrades. Source link
FPI flows reverse: Foreign investors pull Rs 17,741 crore from equities in July; US tariffs trigger sharp selloff in last week of month
Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this marked the first month of net outflows after three straight months of positive inflows between April and June.The reversal in trend was driven by heavy…