Prince Andrew, also known as Andrew Mountbatten-Windsor, has been arrested on suspicion of misconduct in public office, according to reports. The arrest is linked to allegations of sharing confidential information during his time as a trade envoy.
UK police continue their investigation into allegations of misconduct in public office against Prince Andrew, including searching his former home at Royal Lodge. The investigation follows the release of files related to Jeffrey Epstein and focuses on potential breaches during Andrew's time as UK Trade Envoy.
'India may never fully participate in the AI hype cycle, but we can position ourselves to benefit from its inevitable disenchantment and the cycle of disillusionment,' alerts Akash Prakash.
'He has been one of the clearest thinkers in the history of business.'
Buffett's remembers his association with Munger that began in 1959.
Ajit Jain specialises in mega-catastrophe coverage, that is, he takes risks that rivals avoid.
Focus on Berkshire's size has grown over the years as it has amassed more than 80 businesses
More than 1,000 copies were sold at Berkshire's annual meeting.
Some analysts view as a microcosm of the US economy.
Berkshire Hathaway, a diversified financial insurance firm, is the flagship company of Buffett. The company said in regulatory filling that Buffett donated 428,688 class B shares of Berkshire to the Trust worth $1.25 billion.
From the Sensex basket, Kotak Mahindra Bank jumped 5 per cent after the company reported a 25 per cent growth in its March quarter net profit at Rs 5,302 crore, limited by a drop in the core income due to narrow interest margins. Tata Consultancy Services, Hindustan Unilever, Mahindra & Mahindra, Sun Pharma, Tech Mahindra and IndusInd Bank were among the other major gainers. Titan tanked 7 per cent after its March quarter earnings failed to cheer investors.
This makes Berkshire the sixth-largest external investor in the bank
Warren Buffett defended his plan to appoint his son, Howard, who has little investing experience, as non executive chairman, saying the younger man's role would be to ensure that Berkshire had the right CEO in place.
Buffett gave no hints about who would succeed him and defended ties with Brazil's 3G Capital during the annual meeting
Khalid was on Wednesday found guilty of murdering Pattabhiraman following a trial at Reading Crown Court that lasted 28 days.
Japan's Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion in One97 Communications -- the owner of Paytm brand -- in tranches in 2017. "Softbank has exited Paytm at a loss of 10-12 per cent.
Berkshire Hathaway's India-born head of reinsurance business Ajit Jain, seen as a possible successor to billionaire investor Warren Buffett, will testify through a video deposition for his "close friend", former Goldman Sachs director Rajat Gupta in his insider trading trial.
Maharashtra has signed MoUs totalling Rs 1.4 lakh crore at Davos on the sidelines of the World Economic Forum Annual Meeting, following Chief Minister Eknath Shinde's meetings with a number of business leaders, the state government said on Wednesday. Karnataka, too, signed MoUs with investment proposals to the tune of Rs 22,000 crore with seven companies.
Massachusetts state and local police are investigating the two-vehicle motor vehicle collision that killed the three students and hospitalised five other people.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
A lot depends upon the crucial decision-making skills of the management. If you have any doubts about the management then you always have the choice of selling your shares or not buying stocks of those companies at all.
Funding winter and corporate governance woes separated the men from the boys in the country's startup space in 2023 that saw funds into the segment tapering to just around $8 billion. All said, investors are hopeful of strong growth of the maturing startup ecosystem in the new year. Edtech and health tech segments that grew exponentially during the pandemic plunged into an abyss of financial uncertainties, with several firms shuttering their business, and valuation of prominent players like BYJU'S and PharmEasy plummeting 85-90 per cent.
Health issues, divorce, court battles, moral turpitude, and more can all distract the CEO and impinge on a company's performance. So, how much of their private life should a company disclose? asks Amit Tandon.
Billionaire Mukesh Ambani's Reliance Industries Ltd climbed eight spots to the 45th rank, the highest for an Indian company on Forbes' latest Global 2000 list of public companies worldwide.
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
Piramal is pragmatic when he says he's equally clear the conglomerate approach may not be beneficial in the long run. "It's not that we are married to the idea of having everything together permanently."
All Chinese nationals on the board of digital payments firm Paytm have been replaced by US and Indian citizens, while there is no change in existing shareholding, according to a regulatory filing of the company. Alipay representative Jing Xiandong, Ant Financial's Guoming Cheng, and Alibaba representatives Michael Yuen Jen Yao (US citizen) and Ting Hong Kenny Ho have ceased to be directors of the company, as per the regulatory document. According to a source, Paytm now has no Chinese national on its board.
Vodafone Idea's (Vi's) search for a lifeline has turned longer and tougher even as it continues to lose customers and delay vendor payments. Vi's much-needed Rs 1,600-crore fundraising plan got stuck due to the government's silence on picking up a proposed 33 per cent equity in the financially stressed telco. The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion, including hefty dues to the government.
Digital payments firm Paytm is expected to seek shareholders' approval to raise up to Rs 16,600 crore through an initial share sale, giving it a valuation of over Rs 1.78 lakh crore, according to a source. The extraordinary general meeting of Paytm is scheduled for July 12 in which the company may seek approval to raise up to Rs 12,000 crore through issuance of fresh equity. Another Rs 4,600 crore is expected to be raised from the sale of equity shares by existing and eligible shareholders, according to the source.
Greg Abel and Ajit Jain would be prime candidates
Buffett typically makes his donations in July, reducing the number of shares by 5 percent from the prior year.
A look back at many memorable moments in his life as Prince Charles.
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu.
Queen Elizabeth II will be buried with her late husband Prince Philip at the conclusion of a solemn state funeral service made up of an hour-long ceremony at Westminster Abbey in London on Monday, Buckingham Palace announced on Thursday.
The shareholders have approved raising of Rs 12,000 crore during the initial public offer and sale of secondary shares will take the total amount to Rs 16,600 crore. "Shareholders have approved all the proposals at the extraordinary general meeting. "The shareholders have approved the proposal to raise capital and the fresh issue of shares of up to Rs 12,000 crore during the IPO.
Berkshire India will soon start selling life insurance products as a corporate agent of Bajaj Allianz Life Insurance.
The Billionaire investor is under pressure to deploy the $44 bn cash on Berkshire's balance sheet.
Here's a pick of what Warrenn Buffett had to say over the weekend, and his annual 'Woodstock for Capitalists'.
Churches also tolled their bells, after the Church of England sent out guidance to parishes, chapels and cathedrals across the country encouraging them to open for prayer or special services. Major sporting events, including football and cricket matches, have been postponed as a mark of respect.
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