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 President had requested a bipartisan when he came to power in January (AFP Photo)
- The bill was passed in the House of Representatives on Saturday morning
- The bill is set to be presented in the Senate that had also rejected Biden's wage hike proposal
- The COVID relief package contains support for local business, child and unemployment support
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
A sunrise industry will also attract a lot of investors as they will be looking to get long-term benefits from a progressive sector. (Photo Credit: Unsplash)
Such kinds of industries are characterised by increasing growth rate, popping start-ups, and available funding.
Estimates given out in February end are based on data collected for three quarters. (Photo Credit: Representative Image/Unsplash)
- India will lose nearly Rs 12 lakh crore in output in 2020-21
- The year will close with a GDP decline of 8% versus a 4% growth in the previous fiscal 2019-20
- In Q3, GDP growth has been estimated at 0.4%
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
Here's an analysis of what actually led to the market downfall. (Photo Credits: Representational Image/ Pixabay)
- Indian markets recorded the worst single-day fall in nearly 10 months on Friday
- Rise in bond yields and US-Syria tensions are the prime reasons behind the fall
- Banking, Financial and Telecom sectors suffered major setbacks
National Statistical Office on Friday released India's GDP data for Q3 of FY2020-21. (Photo Credit: Representational Image/Pixabay)
- In Q1, India's GDP contracted by a whopping 23.9%
- In Q2, GDP contracted by 7.5%
- India's economy will contract by 8% in FY2020-21, according to government estimate
The farmers' union Samyukta Kisan Morcha (SKM) on Thursday decided to join the Bharat Bandh called by CAIT. (Photo credit: PTI)
- Samyukta Kisan Morcha appealed for a peaceful protest
- The bandh is called by the Confederation of All India Traders (CAIT)
- CAIT said that traders and transporters will stage sit-in at 1,500 places across the country
Motto of GST- One Nation, One Tax, One Market. (Photo Credit: The Unsplash)