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

As part of its digital transformation exercise, insurance behemoth Life Insurance Corporation (LIC) is exploring the possibility of setting up a fintech unit.
LIC has initiated a total digital transformation project DIVE (Digital Innovation and Value Enhancement) and appointed a consultant to steer the project, LIC Chairman Siddhartha Mohanty told PTI in an interview.
"Our objective is to get best in class digital initiatives for all our stakeholders, customers, intermediaries, marketing people and everybody through the project DIVE," he said.
In the first phase, the customer acquisition part is going to be transformed, he said.  Customer acquisition is done through three modes--agent, bancassurance and direct sale.
LIC gets most of its new customers through its agents.  Subsequently, other areas would see transformation, he said, adding, services like claims settlement, loan and other services will be made available at the click of a button.
"Customers need not come to the office

The trend is expected to continue especially among the non-resident Indians (NRIs) and certain category of millennials with high disposable income

house

India was absolutely and decidedly not involved in the killing of Khalistani separatist Hardeep Singh Nijjar in Canada and Ottawa has "convicted" New Delhi even before the completion of the investigation, India's High Commissioner here Sanjay Kumar Verma has said.
Verma's remarks came during an interview with CTV News, Canada's largest privately owned television network.
Canada and India witnessed strains in ties following Canadian Prime Minister Justin Trudeau's allegations in September of the "potential" involvement of Indian agents in the killing of Nijjar on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020. India has rejected Trudeau's allegations as "absurd" and "motivated".
During the interview which will be aired on Sunday, Verma was asked why India was not cooperating with Canada in the investigation. To this, he said, "...even without an investigation being concluded, India was convicted."
"Is that the rule of law?" Verma asked.
When asked h

India Canada

Addressing a public meeting in the poll-bound state on Sunday, the Union Home Minister said, "The upcoming elections are about deciding the future of the Telangana

Amit Shah

The opposition BJP will open control rooms at the state district level for its workers and leaders to receive complains about police harassment, Karnataka BJP chief B Y Vijayendra said on Sunday.
In a message on 'X', the Shikaripur MLA said the party will provide legal aid to them (workers) if they are harassed for speaking up against the anti-people attitude of the Congress government in the state.
"We have been hearing complaints about police harassment targeting our BJP workers who are active on social media. Activists do not need to shy away from anything to raise their voice against the anti-people attitude of the Congress government and against the government's failures on any platform including social media," Vijayendra, son of BJP strongman and former Chief Minister B S Yediyurappa, said.
"The law has not empowered the police to suppress the freedom of expression given to people by the constitution," the BJP leader said.
In this regard, the party will immediately come to th

BJP, Congress

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

Six persons were injured as five houses collapsed after a gas cylinder exploded in one of them in Chembur area of Mumbai on Wednesday morning, following which 11 people were rescued, civic officials said.  The incident took place at 7.50 am at Old Barrack near Golf Club in Chembur area.
"A gas cylinder exploded in a house, leading to the collapse of five two-storey structures," a civic official said.  Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable, he said.  Eleven people, including around five persons who were stranded on the first floors of the houses, were rescued, the official said.
Following the explosion, fire brigade, police, civic staff, ambulance service and other agencies were mobilised, a fire brigade official said.
"Five fire brigade vehicles are currently at the spot and the personn

Fire tenders at the site of explosion at a Gurudwara, in Kabul, Saturday, Jun 18, 2022.  Two people have died and several trapped in the Gurdwara after two blasts rocked the city this morning. (PTI Photo)

The Delhi High Court on Wednesday granted bail to Avtar Singh Kochar in the money laundering as well as in the MCOCA case

Delhi High Court

Prime Minister Narendra Modi will virtually interact with beneficiaries of the Viksit Bharat Sankalp Yatra on Thursday.The Viksit Bharat Sankalp Yatra is being undertaken across the country with the aim to attain saturation of flagship schemes of the government through ensuring that the benefits of these schemes reach all targeted beneficiaries in a time-bound manner.The Viksit Bharat Sankalp Yatra was launched by the Prime Minister on November 15 from Khunti, Jharkhand. As a part of On-Spot services under the Viksit Bharat Sankalp Yatra, Health Camps are being organized at the places of halt of the IEC Van in the Gram PanchayatsAs on 26 November 2023, 5,470 Health camps have been conducted in 995 Gram Panchayats reporting a total footfall of more than 7,82,000 people according to a PIB release.Under the flagship Pradhan Mantri Jan Arogya Yojna (AB-PMJAY) scheme of MoHFW for the Viksit Bharat Sankalp Yatra, Ayushman cards are being created using the Ayushman app and physical cards are

PM Modi

Senior IAS officer Atal Dulloo has been appointed as chief secretary of Jammu and Kashmir, replacing Arun Kumar Mehta who is due to superannuate at the end of this month.
According to an order issued by the Ministry of Home Affairs, Dulloo, a 1989-batch IAS officer of the Union Territories or Arunachal Pradesh-Goa-Mizoram and Union Territory Cadre, will assume charge as chief secretary of Jammu and Kashmir from December 1.
"Consequent upon the superannuation of Arun Kumar Mehta, IAS on 30.11.2023 and on repatriation from central deputation, Atal Dulloo, IAS is hereby appointed as chief secretary, Jammu and Kashmir with effect from 01.12.2023 or from date of assumption of charge, whichever is later and until further orders. This issues with the approval of competent authority," the ministry said in an order on Wednesday.
On November 20, the Central government repatriated Dulloo to his Union Territories cadre after working as secretary of the Department of Border Management under the 

Atal Dulloo

The Supreme Court-appointed Special Investigation Team (SIT) on black money will soon submit its eighth interim report to the apex court, the panel's vice-chairman Justice (Retired) Arijit Pasayat said here.
After coming to power in May 2014, the Narendra Modi government, in its first cabinet meeting, approved the appointment of the SIT as directed by the Supreme Court. In the last nine years, the SIT has submitted seven interim reports to the apex court.
Justice Pasayat held a meeting at his residence here on Tuesday with officers of both central and state governments in connection with the detection and curbing of black money generation in the country.
"A meeting of officers from Income Tax, Enforcement Directorate, Customs and Excise and Central Board of Indirect Tax departments was held for over two hours in which participants discussed the methods to be applied for detection and curbing of generation of black money in India and abroad," Justice Pasayat told reporters.

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Six injured as 5 houses collapse after gas cylinder explosion in Mumbai

Delhi High Court grants bail to Avtar Singh Kochar in ED, Mcoca case

PM to virtually interact with 'Viksit Bharat Sankalp Yatra' beneficiaries

Senior IAS officer Atal Dulloo appointed new chief secretary of J-K

SC-appointed SIT on black money to submit eighth interim report soon

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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

The great employment question: Is the job market shrinking or transforming?

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