Warren Buffett’s Berkshire Hathaway has made a notable shift in its investment strategy by substantially increasing its cash reserves while reducing its significant stake in Apple. This move comes amid rising economic uncertainties and volatile market conditions. Cash Reserves Surge to Record Levels Berkshire Hathaway’s cash holdings have surged to nearly $280 billion, marking an …
The Insolvency and Bankruptcy Board of India (IBBI) has announced a new measure to upgrade the authenticity and verification of valuation reports under insolvency law. According to a circular released recently, IBBI will now issue a unique Valuation Report Identification Number (VRIN) for each valuation report prepared under the Insolvency and Bankruptcy Code (IBC). This …
The Comptroller and Auditor General of India (CAG) audits all financial transactions of the Central and State governments, including funds, deposits, and debts. Additionally, the CAG advises the President on record-keeping processes for both the Centre and the States.The Indian Railways, regarded as the backbone of the country’s transport infrastructure, is under scrutiny due to …
The Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 % based on an assessment of the current and evolving macroeconomic situation. The Standing Deposit Facility (SDF) rate has been maintained at 6.25%. The Bank Rate also stays unchanged at 6.75%. Four out …
The Nifty 50 index reached a historic milestone on Thursday, hitting the 25,000 mark after three days of unsuccessful attempts. This achievement marks the third-fastest 1,000-point rally in the index’s history, surpassed by the rapid surge from 16,000 to 17,000 in August 2021, which took just 19 trading sessions and 23,000 to 24,000 this year, …
The Securities and Exchange Board of India (SEBI) has issued a stern warning to Paytm, expressing concerns over the fintech giant’s related party transactions. The market regulator has vowed to prevent a recurrence of such incidents, referring to them as “Paytm-type contamination.” SEBI’s action follows an earlier warning issued to Paytm on July 16 regarding …
Despite the strong upsides for the cement sector in India, Nuvoco Vistas failed to make an impressive debut on the bourses. To elaborate, the shares of Nuvoco Vistas were listed at Rs. 485 apiece on NSE. The issue price of this share was Rs. 570 a piece, which means shares were listed on the stock exchange …
The core sector growth for the month of February 2017 came in subdued at just 1%. This is one of the lowest core sector numbers over the last few months and is also below the annual average. Core Sector, essentially, consists of 8 key industries that form the building blocks of economic growth. Core sector …
Cement company ACC reported a 40.5 percent drop in consolidated profit for the quarter ended December 2021, to Rs 280.85 crore, as depressed cement demand, supply chain interruptions, and a rise in fuel costs impacted profitability. In the previous fiscal year, the consolidated profit was Rs 472.44 crore. The business stated in a BSE filing …
Shares of Paras Defence and Space Technologies were listed on 1st October 2021. Since then, it has been hitting the upper circuit limit in every trading session. This has resulted in more than tripled returns for investors. For instance, investors like Mukul Agarwal and Sunil Singhania have earned massive returns from the IPO price of …
