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

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

Closing Bell on Wednesday, November 29, 2023: Among sectors, the Nifty bank, Auto, Financial Services, IT, PSU bank, and Private Bank indices ended higher in the range of 1 per cent to 1.5 per cent

bull market

Kerala Chief Minister Pinarayi Vijayan on Sunday accused Union Finance Minister Nirmala Sitharaman of trying to mislead the public through her claims of timely disbursement of required funds to the southern state by the Centre.
Sitharaman, a day ago, had dismissed allegations by Kerala's Left government of negligence in fund allocation and claimed that the Central government promptly sends the required funds to the people of the southern state without any delay.
She had also blamed the state government for non-release of funds under various categories by the Centre, alleging that it was due to the Left administration's failure to meet the necessary criteria.
Refuting the claims and allegations of the Union minister, Vijayan contended that requirements of the southern state were brought to Sithraman's attention several times through written requests from state Finance Minister K N Balagopal.
Balagopal had also met the Union minister personally to highlight the state's financial ...

vijayan

A surge in respiratory illnesses across China that has drawn the attention of the World Health Organisation is caused by the flu and other known pathogens and not by a novel virus, the country's health ministry said Sunday.
Recent clusters of respiratory infections are caused by an overlap of common viruses such as the influenza virus, rhinoviruses, the respiratory syncytial virus, or RSV, the adenovirus as well as bacteria such as mycoplasma pneumoniae, which is a common culprit for respiratory tract infections, a National Health Commission spokesperson said.
The ministry called on local authorities to open more fever clinics and promote vaccinations among children and the elderly as the country grapples with a wave of respiratory illnesses in its first full winter since the removal of COVID-19 restrictions.
Efforts should be made to increase the opening of relevant clinics and treatment areas, extend service hours and increase the supply of medicines, said ministry spokesman Mi ..

The government has decided to rename the Ayushman Bharat-Health and Wellness Centres as 'Ayushman Arogya Mandir' and the Union Health Ministry has sent a letter to the states and Union territories to implement the rebranding exercise, official sources said.
States have also been asked to upload photographs of rebranded primary health facilities on the Ayushman Bharat-Health and Wellness Centres (AB-HWC) portal, they said.
The rebranded AB-HWCs  will also have a new tagline -- 'Arogyam Parmam Dhanam'.

Centre renames Ayushman Bharat Health and Wellness Centres as Ayushman Arogya Mandir

Ayushman Bharat Health Centre

Royal Challengers Bangalore released 11 players and would go in the IPL 2024 auction with the biggest purse of Rupees 40.75 crore

Royal Challengers Bangalore

Prime Minister Narendra Modi will pay a two-day visit to Dubai this week to attend the World Climate Action Summit, the Ministry of External Affairs (MEA) announced on Sunday.
It said Modi is visiting Dubai from November 30 to December 1 at the invitation of Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates and ruler of Abu Dhabi.
The World Climate Action Summit is the high-level segment of the 28th Conference of Parties (COP-28) to the United Nations Framework Convention on Climate Change (UNFCCC).
The COP-28 is being held in Dubai from November 28  to December 12 under the presidency of the UAE.

PM 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

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

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

A policyholder in India can now register complaints that are related to compensation claims of up to Rs 50 lakh with insurance ombudsman offices in India. Earlier, the maximum compensation that ombuds

insurance claim

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

The Delhi government will notify its 'Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023' on Wednesday, said Delhi Transport minister Kailash Gahlot.
The scheme stipulates all passenger, service delivery, and e-commerce aggregator platforms' vehicles to be electric vehicles after 2030.
The minister said all existing and new aggregators will need to have a licence within 90 days of publication of the scheme's notification.
The scheme will be notified later in the day, he said in a press conference.
The minister said the Kejriwal government is the sole one in the country to have brought a scheme that introduces electric vehicles at such a large scale to combat pollution.
Gahlot said that as of now the government has not dealt with the issue of "surge pricing" imposed by the app-based cab aggregators but if complaints are received from the people, rules will be framed.

Delhi Transport Minister Kailash Gahlot

The Supreme Court on Wednesday upheld the Centre's decision to extend the tenure of Delhi Chief Secretary Naresh Kumar, who was all set to demit office on November 30, by six more months.
A bench comprising Chief Justice D Y Candrachud and justices J B Pardiwala and Manoj Misra said, the Union government's decision "cannot be construed to be violative of law.
We clarify that this (the order upholding the extension of tenure) is based on our prima facie view without any consideration to issues pending adjudication before the constitution bench (examining the amended law dealing with services in the national capital), it said.
The bench said the union ministry of home affairs is empowered to extend the tenure of the chief secretary who deals with all issues related to Entry 1, 2 and 8 (police, public order and land) of the seventh schedule of the State List of the Constitution.
It said these subjects are beyond the legislative and executive ambit of the Delhi government and hence, pr

Supreme Court

A 6-day nationwide strike has been planned by the All-India Bank Employees Association (AIBEA). Here are the bank holidays that the RBI has declared for December 2023

Reserve Bank of India, RBI

BS Rich Content

The government on Wednesday said it will make a unique identifier mandatory for all building and construction workers across the country to ensure that migrant workers' rights are protected.
This identifier, which will be linked to Aadhaar and integrated into the e-Shram database, will facilitate the portability of benefits.
It doesn't matter if anyone is in Delhi today or Mumbai tomorrow, the family's entitlements should remain accessible, Labour Secretary Arti Ahuja said.
The senior official made the remarks while addressing the "The Migration Conclave", organised by the All India Organisation of Employers (AIOE) and FICCI, with the support of the International Labour Organization (ILO) in the national capital.
The upcoming addendum, expected to be released within the next week, will further elaborate on these reforms.
Ahuja addressed the challenges posed by the increasing use of unregistered outsourced labour through contractors.
The four labour codes will require contractors 

labourers

India is currently home to about 1,580 GCCs employing 1.66 million people, according to the latest Nasscom-Zinnov report

Only our India hub has SAP's full product portfolio: SAP Labs India MD

Displaying categorized search results for research-report

Latest News

In this section

All

Delhi govt to notify Motor Vehicle scheme on Wednesday: Kailash Gahlot

SC backs Centre's decision to extend Delhi chief secy's tenure by 6 months

Bank Holidays in December 2023: Banks to remain closed for 18 days

'Centre to make unique identifier mandatory for construction workers'

Indian GCCs becoming a sandbox for global organisations: Nasscom V-C

Most Popular

Read

Shared

Commented

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

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

Sensex soars 728 pts, Nifty ends above 20K after over 2 mths in broad rally

Displaying categorized search results for research-report Advance Search