Berkshire Hathaway CEO and chairman Warren Buffet is also known as the 'Oracle of Omaha'. (Photo Credit: AFP)
- "Never bet against America," Warren Buffet wrote in a letter to investors
- Buffett's annual letter is always highly anticipated by the business world
- In his latest letter, Buffett did acknowledge Berkshire's purchase of Precision Castparts in 2016 was a mistake
The US House of Representatives on Saturday passed President Joe Biden's $1.9 trillion COVID-19 relief bill. (Photo Credit: AP/PTI)
- The stimulus plan seeks to help more than 11 million unemployed people
- Parents of children under the age of 18 will receive a year of monthly benefits
- The bill promises a $110 billion grant for small businesses
Maruti Suzuki India started exporting its vehicles in the financial year 1986-87. (Photo Courtesy: Twitter/Maruti_Corp)
- Two million exports were reched by shipping a batch comprising S-Presso, Swift and Vitara Brezza to South Africa
- Maruti Suzuki CEO said an early global exposure helped the company enhance its quality
- Maruti Suzuki was able to reach one million exports in the financial year 2012-13
Which company partnered with Singapore-based Atlantis to to expand 'Digital First Program' in India?
(Photo Credit: Representative Image/Unsplash)
The Digital First Program is aimed at reigniting users’ relationships with more meaningful experiences
Stocks slumped worldwide on Friday. (Representative Image/Unsplash)
- Oil prices fell after striking 13-month peaks Thursday
- Dow Jones down by 1.5%, closed at 30,932.37
- Meanwhile, Nasdaq closed at 13,192.34 up by
All 30 Sensex constituents ended in red. (Photo Credit: Unsplash)
- ONGC was the top loser, shedding around 6.50%
- Sectorally, the banking index suffered a maximum loss with over a 4.8% drop
- Elsewhere in Asia, bourses closed with heavy losses
Kim Beom-su and Kim Bong-jin, two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes. (Representative Image/Unsplash)
- Kim Beom-su announced this month he will donate more than half his estimated $9.6 billion assets
- Kim Bong-jin became the first South Koreans to sign the Giving Pledge
- The philanthropic initiative was set up by Bill and Melinda Gates, Warren Buffett, for billionaires to give away at least half their wealth
Nirav Modi's first organisation, Firestone, was established in 1999. (Representational image: Unsplash)
- Nirav Modi has been tried for extradition by Indian authorities since 2018
- Modi's first company is currently valued at over Rs 6,400 crores
- The Nirav Modi brand was set up in major cities in the world, such as New York, Hong Kong, Macau and Mumbai
Nirav Modi was arrested on an extradition warrant on March 19, 2019 in London. (PTI File Photo)
- Nirav Modi, an Indian diamantaire, fled to the UK after being charged for fraud worth Rs 13,000 crore against PNB
- Modi is currently facing a trail in a UK court
- The UK court is due to pronouce the verdict in Nirav Modi's extradtition case on Thursday
Fedwire, a system maintained by the Federal Reserve, is the most preferred tool for American businesses to transfer huge sums of money (Photo Credit: Twitter/@federalreserve)