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

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

The RBI recently decided to revise the risk weight norms for NBFCs to 125 per cent from 100 per cent

A cargo ship sank off the Greek island of Lesbos in stormy seas early Sunday, leaving 13 crew members, including four Indians, missing and one rescued, authorities said.
The Raptor, registered in the Comoros, was on its way to Istanbul from Alexandria, Egypt, carrying 6,000 tons of salt, the coast guard said.
It had a crew of 14, including eight Egyptians, four Indians and two Syrians, the coast guard said.
The ship reported a mechanical problem at 7 am Sunday, sent a distress signal and shortly after disappeared about 4 1/2 nautical miles (8 km) southwest of Lesbos, authorities said.
One Egyptian was rescued, a coast guard spokeswoman told The Associated Press.
She said that eight merchant ships, two helicopters and one Greek navy frigate were searching for survivors. Three coast guard vessels had difficulty reaching the area because of rough seas, she added. The spokeswoman spoke on condition of anonymity because the case was ongoing and she wasn't authorised to speak to the ...

cargo ship

Vertical drilling of 19.2 metres was done on Sunday to create an alternative escape route for the 41 workers trapped inside the collapsed tunnel in Silkyara here for two weeks, an official said.
Drilling to create a vertical pathway from the top of the hill above the collapsed tunnel began on Sunday, a day after an auger machine carrying out horizontal drilling broke down.
Rescuers have to drill down 86 metres from above to reach the trapped workers.
Vertical drilling has gone up to 19.2 metres so far, NHIDCL MD Mahmood Ahmed said at a press briefing in Silkyara on Sunday evening.
"The exercise is going on smoothly and if it goes like this without facing obstructions, we can hope to finish it in four days by November 30," he said.
On Saturday, the auger machine's blades got stuck inside the rubble, hindering the multi-agency rescue effort that began on November 12 when a portion of the under-construction tunnel on Uttarakhand's Char Dham route collapsed following a landslide, trap

Uttarakhand tunnel

In his monthly Mann Ki Baat radio broadcast, Modi said the trend of cash transactions has been declining in the country

PM Modi, Narendra Modi

Communications are on between the West Bengal government and the Adani Group over the Tajpur deep-sea port project in the state, which is to be developed by the business conglomerate headed by industrialist Gautam Adani, state minister Shashi Panja said on Sunday.
Addressing a press conference on "West Bengal Day" at the India-International Trade Fair being held here, Panja said the project is on.
She was asked about the deal and the Adani Group's absence from the Bengal Global Business Summit (BGBS).
"There was a provisional LoI (letter of intent), which was granted to the highest bidder for the development of Tajpur. The requisite permissions were then sought from four departments of the government of India -- the departments of shipping, defence, home affairs and external affairs," Panja said.
"The Ministry of Home Affairs has given a conditional security clearance and made certain observations. The state government and the Adani Group are working on this. We have sought ...

Adani, Adani Group

Just after the announcement of the IPL 2024 retention list, reports have claimed that Hardik Pandya has been traded to Mumbai Indians in an all-cash deal from Gujarat Titans

Hardik Pandya, Indian Premier League

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

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

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

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 industrial sector is responsible for about a third of global carbon emissions, but machine learning models can potentially help lower its climate toll

molten steel, steel industry

Bloomberg

The Delhi Development Authority (DDA) has identified 50 acres of land in Narela for developing an international cricket stadium along with a five-star hotel and a world-class medical facility, Raj Niwas officials said on Wednesday.
Lieutenant Governor V K Saxena has asked the DDA to also identify land in the area for facilities for football, hockey and other Olympic sports, they said.
In a major decision that will give a decisive push to infrastructure development here and change the landscape of Narela, DDA has identified 50 acres of land near the Urban Extension Road Project (UER-II) for the development of an international cricket stadium along with a five-star hotel and a world-class medical facility, the officials said.
"Saxena, who has been steering the project, has also directed DDA to further identify land parcels in the vicinity to develop sporting infrastructure related to football, hockey and other Olympic sports, with the view to strengthen Delhi's claims for hosting the 

NIIF, real estate

Out of the 20 blocks available, four have been specifically earmarked for mining leases, leaving the remaining 16 blocks intended for composite licenses

Lithium field, lithium reserves

The Varanasi district court on Wednesday asked the Archaeological Survey of India (ASI) to explain the reason for seeking more time for submitting a scientific survey report of the Gyanvapi complex and posted the matter for hearing on Thursday.
Taking up the plea of the ASI seeking three additional weeks to submit the report,  District Judge A K Vishvesh asked a senior ASI official from Delhi to explain the need for more time, to which the ASI counsel said that officials in Varanasi have been handling the task and will apprise the court about it.
The Muslim side represented by lawyer Mohammad Ikhlaq objected to the ASI  repeatedly seeking more time.
The ASI had on Tuesday sought three more weeks from the district court for submitting the scientific survey report of the Gyanvapi mosque complex saying it needed more time for the assimilation of information generated by different experts.
The district court of Varanasi had asked the ASI to submit the report on the Gyanvapi Masjid comp

File photo of the Gyanvapi Mosque (Photo: PTI)

Gyanvapi mosque

Landlords cannot be deprived of beneficial enjoyment of their property and are vested with the right to decide how to utilise their possessions, the Delhi High Court said on Wednesday while upholding an order for vacation of tenanted premises.
The high court said it is trite law that a tenant cannot dictate to the landlord as to how the property has to be utilised.
Landlords cannot be deprived of the beneficial enjoyment of their property. Further, the court is not to sit on the armchair of landlords to dictate as to how the property should be utilised. It is the sole discretion of the landlords to get all the tenanted premises vacated and use as per their need, Justice Jasmeet Singh said.
The high court passed the judgement while dismissing a revision petition filed by a tenant challenging a trial court's order of eviction of a shop at Shyama Prasad Mukherjee Marg here.
The landlord said he and his son are joint owners of the property, where several shops have been given on rent, 

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Here's how artificial intelligence can help clean up biggest climate messes

DDA identifies land to build cricket stadium, five-star hotel in Narela

Govt launches first-ever auction of critical minerals including J&K reserve

Gyanvapi moque: Court asks ASI to explain reason for seeking more time

Landlords can't be deprived of beneficial enjoyment of property: HC

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

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