Indian Business

Warren Buffett stepped down as chief executive of Berkshire Hathaway today, bringing to an end one of the longest and most influential leadership runs in modern corporate history.The transition, announced earlier this year at Berkshire’s annual shareholders’ meeting, hands day-to-day control to vice-chairman Gregory Abel from January 1. Buffett, now 95, will remain chairman and…

India is projected to record high economic growth despite a volatile and unfavourable external environment, supported by strong domestic consumption and investment, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday, PTI reported.“Maintaining financial stability and strengthening the financial system remains our north star,” Malhotra said in the foreword to the latest Financial Stability…

The Centre’s fiscal deficit stood at Rs 9.76 lakh crore at the end of November, accounting for 62.3% of the full-year budget estimate for 2025-26, government data released on Wednesday showed, PTI reported.The deficit was higher than the 52.5% recorded during the same period last year, reflecting a faster pace of expenditure relative to revenue…

MUMBAI: Fino Payments Bank, promoted by Fino PayTech, received in-principle approval from the Reserve Bank of India (RBI) in early December 2025 to transition into a small finance bank, enabling lending operations after restructuring. Fino PayTech’s major shareholders are Bharat Petroleum, ICICI Bank group, Blackstone and Intel Capital. In an interview with TOI, Rishi Gupta,…

Russia on Wednesday said that its forces are advancing in northeastern Ukraine, with President Vladimir Putin ordering the expansion of a territory that Moscow describes as a “buffer zone” along the border in 2026, according to Russian state news agencies.Chief of the General Staff Valery Gerasimov said Putin had directed the expansion of the buffer…

The Union Cabinet on Wednesday approved a relief package for debt-laden Vodafone Idea, freezing adjusted gross revenue (AGR) dues of Rs 87,695 crore and rescheduling their repayment over a 10-year period from FY32 to FY41, sources told PTI.As part of the decision, the Department of Telecommunications will reassess the frozen AGR dues based on Deduction…

In the roads and highways segment, the government continues to prioritize the expansion and enhancement of the national highways network. By Sushi Shyamal VemuIndia’s infrastructure sector is experiencing a significant transformation, as major developers and Infrastructure Funds shift their focus from isolated project implementation to developing large-scale infrastructure platforms. This change is driven by increased…

The focus in 2026 will be on sustaining the growth momentum despite challenges like tariffs and foreign fund selloff. Financial assets are expected to be driven by central bank actions and trade deal prospects in the first half of 2026 amid heightened volatility. So, what should your strategy be in the New Year? Partha Sinha…

After months of glittering rallies, hitting record highs, gold and silver ended 2025 on a muted note as investors turn to book profits on the last day of 2025. On Wednesday, silver futures for March 2026 witnessed a sharp sell-off, plunging 6% to Rs 2,35,952 per kg on the MCX, a loss of Rs 15,060…

Asian markets slipped mostly into red on Wednesday, the final trading session of 2025, as investors remained cautious ahead of the New Year holiday and took cues from Wall Street losses.In Hong Kong, HSI slipped over 224 points to 25,630. Nikkai was also trading at a loss, shedding 187 points or 0.3%. Shanghai and Shenzhen…