Gaurav Bansal

[ad_1] Warren Buffett (File photo) Billionaire investor Warren Buffett will remain chairman of Berkshire Hathaway even after Vice Chairman Greg Abel assumes the role of CEO at the start of 2026. The board of directors at the cash-rich conglomerate voted Sunday to retain the 94-year-old as chairman, offering reassurance to investors concerned about Berkshire’s stability amid economic uncertainty, including tariff impacts, financial market volatility, and rising recession risks, as per news agency AP. The board also formally approved Abel, 62, as Buffett’s successor. Buffett made a surprise announcement Saturday that he would step down from the CEO position by year-end.Shares of Berkshire Hathaway dropped more than 2% ahead of Monday’s market open.Buffett, who took over a struggling Massachusetts textile firm six decades ago, transformed it into a sprawling conglomerate with holdings in companies like Dairy Queen, See’s Candies, BNSF Railway, […]

[ad_1] White Lotus Group, a Bengaluru-based real estate firm, will invest approximately Rs 700 crore to develop three new luxury residential projects in the city during the current 2025–26 financial year, as part of its growth strategy.The company has already entered into partnerships with landowners for these upcoming projects.“We are planning to launch three luxury housing projects this fiscal year comprising 20 lakh sq feet of saleable area,” said White Lotus Group founder and CEO Pavan Kumar in a statement to PTI.Of the three developments, two will feature around 215 high-end villas, while the third, spread over 45 acres, will offer 330 villa plots for sale.“The total investment to develop these three projects, excluding land costs, is estimated at around Rs 700 crore,” added Kumar, an alumnus of IIT. He noted that the funding will primarily come from internal accruals.“Our […]

[ad_1] Whilst immediate impact on Pakistan's water supply might be limited, future effects could materialise. As India-Pakistan tensions escalate, the Narendra Modi government is taking steps to enhance the storage capacity at two hydroelectric facilities in Kashmir's Himalayan region, according to sources familiar with the situation who spoke to Reuters. This action follows India's decision to suspend the Indus Waters Treaty agreement after recent tensions with Pakistan.This development marks India's first concrete action operating outside the framework of the Indus Waters Treaty, an agreement that has remained intact since 1960, despite three wars and various conflicts between the two nuclear-armed nations.Following a terrorist attack in Pahalgam that killed 26 people, New Delhi suspended the Indus Waters Treaty last month. This agreement has ensured water supply to 80% of Pakistani agricultural lands."Reservoir flushing" operations to clear sediment started on Thursday, undertaken […]

[ad_1] Adani Group stocks rally (AI image) Adani Group stocks today: Adani Group stocks on Monday saw significant gains of up to 14% after reports emerged of meetings between Gautam Adani representatives and US President Donald Trump's administration officials. The discussions centred on seeking dismissal of criminal charges in a bribery investigation, as reported by Bloomberg News.The market response saw Adani Enterprises shares increase by 8.5%, whilst Adani Total Gas recorded a 14% surge. Other group companies, including Adani Ports, Adani Power, Adani Energy Solutions, and Adani Green Energy, witnessed gains ranging from 7% to 10%. Additionally, Ambuja Cements and ACC showed improvements of up to 3%.Bloomberg reported that these discussions, which were initiated earlier this year, have intensified recently. A resolution could potentially be reached in the upcoming month if current progress continues. The Adani team's position suggests that […]

[ad_1] India's economy remains largely unaffected by the reduced Pakistani imports. (AI image) India’s import ban on Pakistan: In a major economic retaliation following the Pahalgam attack, the Narendra Modi government has implemented sweeping restrictions, prohibiting all imports from Pakistan, whether direct or through intermediary nations, along with postal services and parcel deliveries from the neighbouring country. The administration also restricted Pakistan-registered vessels from entering Indian ports and banned Indian ships from accessing Pakistani harbours, indicating a tougher position amidst worsening diplomatic relations."This comprehensive ban, including indirect imports, will enable custom authorities to prevent Pakistani goods from entering India through circumvention," an official told TOI. This action represents the second substantial non-military measure, following the earlier implementation of visa limitations.What’s changed?The Directorate General of Foreign Trade (DGFT) has issued a notification on May 2 announcing a new provision in Foreign […]

[ad_1] Gold prices have declined from peak levels, dropping by Rs 2,754/10 grams on MCX. (AI image) Gold rate today: At MCX, Gold June futures contracts opened at Rs 93,271/10 grams, showing an increase of 0.68% or Rs 634. Meanwhile, silver July futures contracts began trading steady at Rs 94,145/kg, reflecting a modest rise of Rs 81 or 0.09%.Gold prices have declined from peak levels, dropping by Rs 2,754/10 grams on MCX during the previous week. Both gold and silver values decreased due to optimism surrounding US-China trade discussions and strengthening of the dollar index.The previous trading day witnessed mixed closings for gold and silver in domestic and international markets. Gold June futures finalised at Rs 92,637 per 10 grams, gaining 0.32%, whilst silver July futures concluded at Rs 94,064 per kilogram, declining by 0.70%.Also Read | Gold price prediction: […]

[ad_1] This is a representational AI image BENGALURU: Even as the professional landscape reflects a growing synergy between human and autonomous agents, Arundhati Bhattacharya, president & CEO of Salesforce - South Asia, said the advent of this synergy created new job roles, including unstructured engineers, ML engineers, and prompt engineers. She said that while the transition might cause some pain in the industry with some skills made redundant, it would eventually lead to the creation of new employment opportunities. "There will be some pain in transition. There always is. But at the end of the day, you will find many new jobs being created, jobs that were not there at all. We didn't know about retrieval-augmented generation (RAG) till recently. We didn't have this many ethics officers or compliance officers.So, the nature of jobs will change," Bhattacharya said here on […]

[ad_1] Gautam Adani (File photo) Billionaire Gautam Adani’s official representatives have reportedly met with US President Donald Trump's administration officials. According to a Bloomberg News report, the aim of the meeting was to look at a dismissal of criminal charges against Gautam Adani in the foreign bribery investigation.The discussions, which commenced in early 2025, have intensified in recent weeks, with potential resolution anticipated within approximately a month, provided the current momentum continues, the report said.US authorities filed charges against Adani and his nephew, Sagar Adani, in November, alleging their involvement in bribery for Indian power supply contracts and providing misleading information to US investors during fundraising activities.The SEC called upon Gautam Adani and his nephew regarding accusations of paying substantial bribes to Indian officials whilst providing inaccurate antibribery compliance information during an Adani Green Energy bond offering valued at $750 […]

[ad_1] Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting May 5, 2025) are Varun Beverages and JSW Infrastructure. Let’s take a look:Stock NameCMP (Rs)Target (Rs)Upside (%)VBL52466527%JSW Infra29037028%VBLVarun Beverages Ltd delivered strong 1QCY24 performance with 29% YoY revenue growth, driven by robust 30% volume growth (15.5% organic). While margins remained flat YoY at 22.7% due to lower-margin South Africa consolidation, domestic demand stayed healthy with double-digit growth.Management remains confident in long-term double-digit volume growth, supported by distribution expansion (visi-coolers) and a shift towards healthier beverages (nimbooz +100% YoY). International markets, though margin-dilutive, offer scale-up potential. We maintain BUY (55x CY26E EPS), projecting 18%/16%/26% revenue/EBITDA/PAT CAGRs over CY25-26. As PepsiCo’s key franchisee, VBL is well-placed to capitalize on India’s underpenetrated beverage market and rural refrigeration growth.JSW […]