Gaurav Bansal

[ad_1] Berkshire Hathaway AGM 2025 (Pic credit- AP) Legendary investor Warren Buffett cautioned against weaponizing trade policies, criticizing former President Donald Trump's tariff strategy, as he addressed thousands of Berkshire Hathaway shareholders at the company’s much-anticipated annual meeting on Saturday.“It’s a big mistake in my view when you have 7.5 billion people who don’t like you very well, and you have 300 million who are crowing about how they have done,” Buffett said early in the session, setting the tone for what many consider a closely watched commentary on global economic trends and US policy.While expressing support for balanced trade, Buffett made clear that he disagrees with the aggressive imposition of tariffs. “We should be looking to trade with the rest of the world. We should do what we do best and they should do what they do best,” he […]

[ad_1] 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 “economic war.”Buffett’s comments came in response to a shareholder question referencing his 2003 Fortune article, where he had proposed a trade-balancing mechanism involving import certificates.Speaking to thousands gathered in Omaha, he clarified the distinction “The import certificates were distinct [from tariffs], but their goal was to balance imports against exports so that the trade deficit would not grow in an enormous way.”He emphasized that the core intent was to promote balanced global trade while including safeguards to support developing economies:“They had various other provisions […]

[ad_1] Sajjan Jindal-led JSW Steel may face challenges in meeting its expansion target and maintaining revenue guidance after the Supreme Court judgement that rejected its resolution plan for Bhushan Steel and Power Ltd (BPSL), say analysts.The company may also see a production cut of around 10 per cent besides rejig in capital expenditure plans in view of the huge amount paid to the creditors of debt-laden BPSL, they said.The Supreme Court on Friday set aside a resolution plan submitted by JSW Steel for Bhushan Steel and Power Limited (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC). A bench comprising Justices Bela M Trivedi and Satish Chandra Sharma criticised the conduct of all key stakeholders in the resolution process -- the resolution professional, the Committee of Creditors (CoC) and the National Company Law Tribunal (NCLT) […]

[ad_1] Warren Buffett’s Berkshire Hathaway reported significantly lower profits Saturday morning, posting just over one-third of last year’s earnings—moments before thousands of shareholders poured into an Omaha arena to hear from the legendary investor himself.The drop in profits was largely due to a steep decline in the value of Berkshire’s investments and $860 million in insurance losses tied to policies written by Geico and other insurance subsidiaries prior to the devastating Southern California wildfires.In the first quarter, Berkshire reported net earnings of $4.6 billion, or $3,200 per Class A share, sharply down from $12.7 billion, or $8,825 per Class A share, during the same period last year, according to news agency AP.However, Buffett has long urged investors to focus on operating earnings, which strip out the often-volatile swings in investment value. Berkshire is required to report those investment changes even […]

[ad_1] More than seven decades after gaining independence together in 1947, India and Pakistan have taken sharply divergent economic paths, with one of the starkest contrasts visible in their foreign exchange reserves — a key indicator of financial stability and economic resilience.According to a detailed analysis by The Economic Times (ET), India’s forex reserves currently stand at over $688 billion, while Pakistan’s reserves have barely crossed $15 billion. This massive gap highlights decades of different policy choices, governance structures, and economic strategies pursued by the two countries.At the time of independence, both nations inherited a weak economic structure with limited reserves, a by-product of colonial rule. For India, progress remained slow until the 1991 balance of payments crisis, when reserves fell below $2 billion — insufficient to fund even three weeks of imports. However, that crisis triggered sweeping economic liberalization, […]

[ad_1] India’s largest public sector lender, State Bank of India (SBI), reported a 10% year-on-year (YoY) drop in net profit for the fourth quarter of FY25. The bank posted a net profit of Rs 18,642.59 crore, compared to Rs 20,698.35 crore in the same period last year.Despite the decline in profit, the bank's Net Interest Income (NII) rose 2.7% YoY to Rs 42,774.55 crore.However, the Net Interest Margin (NIM) for the domestic book dropped by 32 basis points YoY, settling at 3.15%, compared to 3.47% in Q4FY24.On the operational side, SBI reported an operating profit of Rs 31,286 crore in Q4FY25, marking an 8.83% increase over Rs 28,748 crore in the year-ago quarter. Meanwhile, loan loss provisions rose 20.35% YoY, reaching Rs 3,964 crore, up from Rs 3,294 crore in Q4FY24.In terms of asset quality, SBI showed improvement. The gross […]

[ad_1] CHENNAI: Public sector Indian Overseas Bank (IOB) on Friday reported a 30% growth in netprofit at Rs 1,051 crore in the quarter ended Mar 31, 2025, against Rs 808 crore in the corresponding quarter last year. It is the first time that the Chennai-headquartered bank crossed the Rs 1,000-crore mark in net profit during a quarter. [ad_2] Source link

[ad_1] This is an AI-generated image, used for representational purposes only. NEW DELHI: Private capital expenditure (capex) in India remained weak in the fourth quarter of FY25, even as overall project announcements surged, according to a report by Avendus Spark. While new project announcements across the public and private sectors rose by 22.7 per cent year-on-year (YoY) to Rs 18 trillion in Q4FY25, the private sector contributed only marginally to this growth, reported news agency ANI.The report said, "Private capex remains sluggish in Q4FY25...New project announcements, encompassing both public and private sectors, surged approximately 22.7 per cent to Rs 18tn in Q4FY25." However, it added that private project announcements grew by just 4 per cent YoY during the quarter and even declined 9 per cent for the full fiscal year, touching Rs 27 trillion. This downturn was largely due to […]

[ad_1] Representative image (Picture credit: ANI) NEW DELHI: The Indian rupee is expected to strengthen against the US dollar in the near term, driven by a combination of improving domestic fundamentals and a supportive global environment, according to a recent report by Bank of Baroda. The report, as per ANI, projects the rupee to trade in the range of 84 to 85 per US dollar over the coming days."We expect INR to trade with an appreciating bias in the near-term in the range of 84-85/US dollar," the bank noted in its currency outlook. However, it also warned that “escalation in US-China trade relations poses a significant risk to our view.”The rupee has already gained ground in recent months. It appreciated by 1.1 per cent in April 2025, following a sharper rise of 2.4 per cent in March. A key driver […]

[ad_1] US stocks rose on Friday, putting the S& Index on track for logging the longest winning streak in more than 20 years and making a full recovery from April tariff turbulence as strong jobs data and progress on international trade talks boosted investors' confidence. The S& rose 1.5% as of 12:30pm in New York. [ad_2] Source link