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

With a market cap of almost $48 trillion US is by-far the world's largest equity market. Followed by China ($9.7 trillion) and Japan ($6 trillion)

Stock market, BSE

On this day in 2021, Kejriwal founded AAP from the India Against Corruption movement in 2011, which was launched, under the leadership of anti-graft crusader Anna Hazare

Arvind Kejriwal, Chacha, Madhya pradesh election

Two locations were identified for the vertical drilling, and both are on the Silkyara side of the high-altitude under-construction tunnel, a portion of which caved in on November 12

tunnel rescue

Expressing concern over the current influenza situation in China, domestic exporters on Sunday said that they are cautiously watching the situation as any spread of the disease may again hurt global supply chains and impact world trade.
They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports.
The government on November 24 stated that India is prepared for any kind of exigency that may emerge from the current influenza situation in China and it is monitoring the outbreak of H9N2 and clusters of respiratory illness in children in that country.
There is a low risk to India from the avian influenza, H9N2, cases reported in China as well as the clusters of respiratory illness, the Union health ministry has said.
Some media reports indicated a clustering of cases of respiratory illness in children in northern China for which the World Health ...

Indian exporters cautiously watching respiratory illness in China; say cause of concern if spreads more

exports

Realty firm Macrotech Developers aims to bring down its net debt to below Rs 6,000 crore by March next year from Rs 6,730 crore at the end of September quarter with the help of better cash flow.
Macrotech Developers, which markets its properties under Lodha brand, has a presence in Mumbai Metropolitan Region (MMR), Pune and Bengaluru markets.
"We have reduced our net debt by about Rs 540 crore in the second quarter of this fiscal to Rs 6,730 crore. Our target would be to reduce debt to below Rs 6,000 crore by end of this fiscal year," Macrotech Developers Managing Director and Chief Executive Officer Abhishek Lodha told PTI.
The aim is to keep net debt below operating cash flow, which is estimated to be Rs 6,000 crore during 2023-24, he said.
Lodha said the company had a strong performance during the September quarter on all important metrics -- sales bookings, collections of fund from customers against sales and acquisition of new land parcels for business development.
"Our focus

Abhishek Lodha

Supreme Court judge Justice Sanjiv Khanna Sunday said there was a "pressing need" to make laws simpler, accessible, more humane and relatable to the younger generation.
The top court judge, who is next-in-line to become the Chief Justice of India (CJI) after the retirement of incumbent CJI D Y Chandrachud in November next year, said that the Indian Constitution was a "living document" influencing millions of lives and urged all to "move forward with determination unity and optimism".
Justice Khanna was speaking at a Constitution Day event in the Supreme Court in the presence of President Droupadi Murmu, CJI Chandrachud, Union Law Minister Arjun Ram Meghwal and several other dignitaries.
Since 2015, November 26 is observed as Constitution Day to commemorate the adoption of the Constitution of India by the Constituent Assembly in 1949. Earlier, the day was observed as Law Day.
"As we commemorate the 74th Constitution Day, we find ourselves at a pivotal moment in our nation's journey.

Supreme Court

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

Delhi's winter peak power demand this year may break all previous records, crossing the 5,700-MW mark, officials of power distribution companies said on Wednesday.
A BSES official said up to 60 per cent of the maximum winter power demand of over 3,600 MW in its areas will be met by green power. It will also bank on surplus power with other states to meet the increased demand, he said.
According to discom officials, the peak power demand of the city this winter can surpass previous peak winter demands. Last year, it had peaked at 5,526 MW, which was the winter record in the national capital, they said.
Last winter, the peak winter power demand in BSES's  BRPL and BYPL areas reached 2,338 MW and 1,181 MW, respectively. This year, it may go beyond 2,400 MW and 1,200 MW for BRPL and BYPL respectively, a BSES official said.
"Ensuring reliable supply in any season is as much the function of proper power arrangements as also accurate demand forecast and robust distribution network. On all

discom, power, electricity

Suhana Swasthyam: The Global Festival of Wellness takes center stage from December 1st to 3rd Dec in Pune

Submarine

Myanmar and China are conducting naval drills together as the military government in the Southeast Asian nation loses ground in its northeast border region to a coalition of militias that also has strong ties to Beijing.
State-run Myanma Alinn newspaper said Wednesday that three Chinese vessels were anchored in Yangon, Myanmar's largest city, and that officials from both nations met Tuesday to discuss the maritime security exercises.
The Chinese vessels  the destroyer Zibo, frigate Jing Zhou and supply ship Qian Dao Hu  carry about 700 sailors and arrived at the Myanmar port Monday. The report didn't give more details on the drills.
Myanmar's military seized power from an elected government in 2021 and since has been in armed conflict with pro-democracy forces and ethnic militias.
The visit of the Chinese vessels comes during an upsurge in violence on Myanmar's border with China by the Three Brotherhood Alliance, a group of militias that launched a coordinated offensive against the

naval drills

The High Court of Karnataka on Wednesday allowed Deputy Chief Minister D K Shivakumar to withdraw his appeal against a single judge order over the issue of sanction to the CBI to prosecute him in assets case.
The court allowed the deputy CM to file a memo seeking to withdraw the appeal filed by him challenging the earlier order.
The single judge bench had refused to quash the sanction granted by the previous government to the CBI to prosecute him.
Senior advocate Abhishek Singhvi who appeared on video conference arguing for Shivakumar said that since the sanction that is under challenge has been withdrawn by the incumbent government, the issue has become infructuous and therefore he has instructions to withdraw it.
"The practical issue is very simple. The Writ is filed challenging a sanction. Today, the sanction under challenge is withdrawn. Somebody will challenge, some will not (the sanction) but that is not of concern today. It (Appeal) is infructuous. It is liable to be allowed

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Delhi's winter peak power demand may cross 5,700-MW mark, break records

Suhana Swasthyam: The Global Festival of Wellness takes center stage from December 1st to 3rd Dec in Pune

Global marine life on the move due to rising sea temperatures: Study

Myanmar, China conduct naval drills as fighting surges in border area

K'taka HC allows Dy CM to file memo seeking withdrawal of appeal in DA case

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

Uttarakhand tunnel collapse: How workers were rescued after 17 days

China mysterious disease outbreak: Indian exporters fear likely impact

Tata Sons likely to mop up Rs 12,284 crore from TCS share buyback

Indian markets hit historic $4 trn market cap milestone for the first time

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