Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died. He was 99.
Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital.
Munger served as Buffett's sounding board on investments and business decisions and helped lead Berkshire as its vice chairman for decades.
Munger preferred to stay in the background and let Buffett be the face of Berkshire, and he often downplayed his contributions to the company's remarkable success.
But Buffett always credited Munger with pushing him beyond his early value investing strategies to buy great businesses.
"Charlie has taught me a lot about valuing businesses and about human nature," Buffett said in 2008.
Buffett's early successes were based on what he learned from former Columbia University professor Ben Graham. He would buy stock in companies that were selling cheaply for less than their assets were worth, and then, when the market p

Charlie Munger

Press Trust of India

The workers were pulled out through a passageway made of welded pipes which rescuers previously pushed through rocks

Uttarakhand CM Pushkar Singh Dhami and Union Minister of State for Road Transport & Highways VK Singh greet rescued workers coming out of the collapsed Silkyara Tunnel. (PTI Photo)

Business Standard

To compound the issue, China, the world's second-largest economy, is already slowing down and grappling with a crisis in its real estate market

india china

Rs 17K cr offer at Rs 4,150 per share to open on Dec 1

Tata Sons set to earn record dividend worth nearly Rs 33,350 cr in FY23

Tata Sons

Latest PLFS shows unemployment rate fell to its lowest level of 3.2% in July-June 2022-23

The air pollution in the National Capital declined to 'very poor' category from severe, with an overall Air Quality Index (AQI) recording at 393

Delhi Air Pollution

Shiv Sena (UBT) MP Sanjay Raut has said a post on his X handle in connection with Israel had a reference to German dictator Adolf Hitler, but he did not intend to hurt the sentiments of people of Israel.
Amid the ongoing Israel-Hamas war, Raut said the Israel embassy has sent a letter following his old post as someone might have told them to oppose him.
The post has since been deleted from his handle on X, formerly known as Twitter.
Referring to the post, the Rajya Sabha member on Saturday said, My tweet about Israel was an old one. It had a reference to Hitler, but I had no intention of hurting the sentiments of Israel. I have even deleted that tweet.
"I had even criticised the kind of attack Hamas initiated against Israel," he said.
Further referring to the attack initiated on Gaza-based hospitals where some children lost their lives, Raut said children should be kept out of war.
I had said this is inhuman. You are not showing humanity, so may be in the past a leader might have

Sanjay Raut

Manipur Chief Minister N Biren Singh on Sunday said his government was holding "peace talks" with an Imphal Valley-based insurgent group.
Speaking to PTI-Video, Singh said the talks were at an advanced stage, even though he stayed away from naming the underground organisation.
This was for the first time that there was an official confirmation about such talks being held by the government, since ethnic violence broke out on May 3.
Earlier, sources had said that the government was holding talks with one faction of the proscribed United National Liberation Front (UNLF).
More than 180 people have been killed since the violence broke out on May 3 after a 'Tribal Solidarity March' was organised in the hill districts to protest against the Meitei community's demand for Scheduled Tribe (ST) status.
The Meiteis account for about 53 per cent of Manipur's population and live mostly in the Imphal Valley, while tribals, which include Nagas and Kukis, constitute 40 per cent and reside mainly i

N Biren Singh

India's top oil and gas producer ONGC has signed term contracts with refiners to sell crude oil it produces from Mumbai offshore fields at a premium to international benchmark Brent, sources said.
Oil and Natural Gas Corporation (ONGC) has signed deals to sell about 4.5 million tonne of crude oil each to Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL).
The oil has been priced at the prevailing Brent crude oil price plus 1 per cent, company sources said.
Brent, the world's best known benchmark for the raw material that is converted into fuels like petrol and diesel in refineries, is trading at USD 80 per barrel. As per the pricing in the term contracts, ONGC would get USD 80 plus USD 0.8 for the oil it will sell to HPCL and BPCL.
ONGC produces 13-14 million tonne per annum of crude oil from its fields in the Arabian Sea, off the Mumbai coast.  In June last year, the government abolished a rule that said oil from blocks awarded prior to 1999 mus

ONGC, ONGC logo

Prime Minister Narendra Modi on Sunday said he is troubled by the trend of some "big families" conducting weddings abroad, and urged people to hold such celebrations on Indian soil so that the country's money does not leave its shores.
In his Mann Ki Baat radio broadcast, Modi said while shopping for weddings, people should give importance to products made in India only.
The wedding season as well has commenced now. Some trade organisations estimate that there could be a business of around Rs 5 lakh crore during this wedding season. While shopping for weddings, all of you should give importance to products made in India only, he said.
And yes, since the topic of marriage has come up, one thing has been troubling me off and on for a long time and if I don't open up my heart's pain to my family members, who else do I do it with? Just ponder these days a new milieu is being created by some families to go abroad and conduct weddings. Is this at all necessary? Modi said.
He stressed tha

Narendra Modi

However, for FY25, the GDP growth projection has been slashed by 50 basis points (bps) to 6.4 per cent

India's growth, India GDP, economic growth

Tamil Nadu Chief Minister M K Stalin on Sunday said NEET was imposed on Tamil Nadu, "destroying" its medical infrastructure, and asserted that the state will get itself exempted, with public support.
Virtually addressing the 4th state conference of the Doctors' Association for Equality (DASE), Stalin recalled the many suicides of medical aspirants in the state allegedly over the National Entrance-cum-Eligibility Test, which was "imposed" on Tamil Nadu to "destroy the medical infrastructure" created in the state.
"We have embarked on a legal struggle to ensure NEET exemption. Some may say with arrogance, even some in (official) positions may say that NEET exemption is not possible. (But) NEET exemption is our aim and it will happen with public support," Stalin said.
An anti-NEET signature campaign initiated by the DMK's youth wing, student wing and medical wing has become a "people's movement," Stalin, who is also the ruling party president, added.
The Tamil Nadu government has, mor

M K Stalin

Uttar Pradesh's ban on halal-certified products has transformed into a legal and political hot pot, tenderising the landscape and carving up a lucrative market

meat, meat ban, ban, beef, salughter

In trying to please everyone, India is seen as neither fish nor fowl. India must rethink whether it can claim leadership of Global South by supporting a perspective not very different from the West

israel, gaza, army

Union Education Minister Dharmendra Pradhan on Sunday said that the Centre has advised IITs and IIMs to become multi-disciplinary to venture beyond their respective areas of specialisation.
Pradhan, while speaking at the inauguration of Odisha Research Centre, said priority has been given to imparting multi-disciplinary education through the National Education Policy, 2020 and IITs and IIMs will also move in this direction.
Odisha Governor Raghubar Das, his Chhattisgarh counterpart Biswa Bhusan Harichandan and Pradhan jointly inaugurated the centre here at an event.
The centre will conduct research on art, culture, archaeology, tradition and literature, sociology of Odisha, political process and political culture, agriculture, commerce, business and industry, development trends of contemporary Odisha, science and technology and healthcare, and future technology.
It will also work on smart cities, climate change, protection of the environment, sustainable development, semiconductors

Dharmendra Pradhan

Third party reports and comments can affect markets and shake investor confidence

Stock market, BSE

The company's management in the Q2FY24 earning conference call said they are seeing positive signs in the US on a YoY basis as major retailers have initiated restocking activities since Q1FY24

Photo Credit: www.indocount.com

"He (PM Modi) explained everything about how to motivate the experts who were fully engaged and because of his constant guidance, we made this difficult campaign successful," Dhami added

CM Dhami

US life expectancy rose last year  by more than a year  but still isn't close to what it was before the COVID-19 pandemic.
The 2022 rise was mainly due to the waning pandemic, Centres for Disease Control and Prevention researchers said on Wednesday. But even with the large increase, US life expectancy is only back to 77 years, 6 months  about what it was two decades ago.
Life expectancy is an estimate of the average number of years a baby born in a given year might expect to live, assuming the death rates at that time hold constant. The snapshot statistic is considered one of the most important measures of the health of the US population. The 2022 calculations released Wednesday are provisional, and could change a little as the math is finalized.
For decades, US life expectancy rose a little nearly every year. But about a decade ago, the trend flattened and even declined some years  a stall blamed largely on overdose deaths and suicides.
Then came the coronavirus, which has killed 

life expectancy

62.59% of the registered applicants showed up in the HSSC Group D exam. Results will be displayed at hssc.gov.in and applicants can view by login details like application number and birth date

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HSSC Group D exam result 2023 to be out soon at hssc.gov.in, details inside

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Charlie Munger, Warren Buffet's sidekick at Berkshire Hathaway, dies at 99

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