#Business

3 hours ago.Omaha, NE, USA
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

9 hours ago.Washington D.C., DC, USA
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

11 hours ago.New Delhi, Delhi, India
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

11 hours ago.New Delhi, Delhi, India
(Photo Credit: Representative Image/Unsplash)

The Digital First Program is aimed at reigniting users’ relationships with more meaningful experiences

21 hours ago.New York, NY, USA
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 

1 day ago.Mumbai, Maharashtra, India
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

1 day ago.Seoul, South Korea
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

2 days ago
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

2 days ago.London, UK
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

2 days ago.Washington D.C., DC, USA
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)

  • The Fedwire regained operations around 3 pm ET on Wednesday
  • Other service tools offered by the Federal Reserve had still not recovered from the technical glitch
  • Fedwire accounted for over $3 trillion of wire transfers every day in the final quarter of 2020