Month: May 2025

[ad_1] "I think the time has arrived where Greg should become the Chief Executive office of the company at year end," Buffett said. Warren Buffett made a surprising announcement to his shareholders on Saturday, declaring his intention to step down from his position by year's end. In his statement, Buffett indicated he would suggest to Berkshire Hathaway's board that Greg Abel take over as CEO when the year concludes.The revelation came at the end of a five-hour Q&A session, with no subsequent discussion permitted. Buffett disclosed that only his children, Howard and Susie Buffett, who serve on the board, were privy to this decision beforehand. Abel, seated beside Buffett during the announcement, received no advance notice of this development."I think the time has arrived where Greg should become the Chief Executive office of the company at year end," Buffett said.Who […]

[ad_1] Warren Buffett on Saturday announced his plans to retire by the end of the year recommending Greg Abel as his successor to lead Berkshire Hathaway."I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said.He announced his retirement at the close of a five-hour Q&A session during the annual shareholder meeting , declining to take questions on the decision. He revealed that only his children, Howard and Susie Buffett, were aware beforehand, while Greg Abel—seated beside him on stage—had no prior notice. While many investors believe Abel is well-suited to lead Berkshire Hathaway, questions remain about his investment acumen. Buffett reinforced his confidence in Abel by pledging to keep his fortune invested in the company.Further adding in his statement revealing that he'll retain his shareholding and lending support […]

[ad_1] NEW DELHI: The fans at the M Chinnaswamy Stadium were on the edge of their seats as Royal Challengers Bengaluru edged out Chennai Super Kings in a nail-biting thriller that went down to the final ball. From the outset, the contest promised nerves and fireworks — and it delivered on all counts.Half-centuries from Virat Kohli and Jacob Bethell, followed by Romario Shepherd’s explosive finishing touch, powered RCB to a formidable total. In response, 17-year-old Ayush Mhatre stole the spotlight for CSK, forging a crucial partnership with Ravindra Jadeja to take their side within touching distance of a stunning win. But in the end, CSK fell just two runs short.The final over, bowled by Yash Dayal, was a theatre of nerves and drama. With CSK needing 15 off 6 and Dhoni and Jadeja at the crease, the pressure was immense. […]

[ad_1] Google's AI chatbot Gemini will soon be integrated into Siri, CEO Sundar Pichai confirmed under oath Wednesday, telling the court that negotiations with Apple to integrate its AI chatbot into Apple’s OS’ are expected to be done by mid-2025. "Correct," Pichai testified when Department of Justice lawyer Veronica Onyema asked about plans to integrate Gemini into Apple's devices. The testimony came during ongoing antitrust proceedings examining Google's search dominance.Pichai revealed he held discussions with Apple CEO Tim Cook about AI development and distribution. "He [Cook] was trying to understand our plans for how we're evolving AI technologies, our roadmap, and as part of that, we talked about the Gemini app distribution as well," Pichai stated.The Google CEO further stated that Cook indicated more third-party AI models would be incorporated into Apple Intelligence later in 2025.Siri’s Gemini integration rumored to […]

[ad_1] MARGAO: Tension gripped Canacona early Friday morning after Pakistani flags were found painted on roads at prominent locations, triggering concerns about potential attempts to disturb communal harmony. The flags, painted in oil paint, were found near the KTC bus stand, at the Chaudi-Pansulem junction, and along the road leading to Bhagatwada. Morning walkers first noticed the flags and promptly alerted authorities.Goa assembly speaker Ramesh Tawadkar, who represents Canacona constituency, later filed a formal police complaint against unidentified persons. He requested the police to conduct a thorough investigation and nab the culprits. Locals have called into question night patrolling by police in Canacona after what happened. “If the police were seriously patrolling the streets at night, how could those who painted the roads go unnoticed?” one said. Local community leaders have nevertheless appealed for calm while calling on police to […]

[ad_1] Warren Buffett, CEO of Berkshire Hathaway, has praised Apple CEO Tim Cook for his leadership and the immense financial growth he has overseen at the tech giant. The legendary investor’s commendations came during his opening remarks at Berkshire Hathaway’s annual meeting on Saturday (May 3), even after his conglomerate significantly reduced its stake in Apple last year.“Tim Cook has made Berkshire a lot more than I have made Berkshire,” Buffett said amid a laughing audience, highlighting the appreciation of Berkshire's approximately $35 billion investment in Apple made between 2016 and 2018, which ballooned to a staggering $173 billion by the end of 2023.Despite this success, Berkshire Hathaway sold off roughly 67% of its Apple shares during the first three quarters of 2024. By the end of December 2024, the investment firm held only 300 million Apple shares, valued at […]

[ad_1] Bharti Airtel and the Tata Group have mutually terminated discussions to combine their direct-to-home (DTH) businesses, Airtel Digital TV and Tata Play, after failing to reach a satisfactory agreement, Airtel announced in a stock exchange filing late Saturday. “After not being able to find a satisfactory resolution, the parties have mutually decided to terminate the discussions,” Airtel stated.The talks, first confirmed by Airtel in February following a report by The Economic Times, aimed to merge Tata Play, India’s largest DTH provider, with Bharti Telemedia, a unit of Sunil Mittal’s telecom giant. The proposed deal would have united two loss-making DTH operations amid a consumer shift toward digital streaming platforms.Sources previously indicated that the merger discussions involved a share swap, with Airtel potentially holding a 52-55% stake in the combined entity, while Tata Play shareholders, including The Walt Disney Co, […]

[ad_1] NEW DELHI: Nationalist Congress Party (NCP-SP) MP Supriya Sule once again slammed Air India on Friday, voicing her frustration over repeated flight delays.Her latest remarks came after her scheduled 10.30pm flight from Delhi was delayed twice—first to 11:30pm and then to 11:45pm—leaving passengers stranded at the airport. Taking to her official X handle, Sule wrote, "Yet another delay by Air India. Passengers are stranded and visibly distressed. Flight was scheduled for 10:30 PM, delayed to 11:30 PM, and now further pushed to 11:45 PM." She added that the issue was not an isolated one, calling it “a troubling norm” and tagged Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu urging him to “intervene without delay.” Responding to her post, Air India issued a statement attributing the delay to bad weather earlier in the day in Delhi. "Dear Ms. Sule, […]