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

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

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

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

Karnataka Chief Minister Siddaramaiah on Wednesday said the government would unveil a revised biotech policy at the Bengaluru Tech Summit-2023, an annual global tech event which took off here.
Speaking at the inauguration of the three-day BTS, Siddaramaiah also said the state is set to launch the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) policy.
"As we continue to champion advancements in biotechnology, I am thrilled to announce that revised biotech policy is set to be unveiled at the Bangalore Tech Summit," the chief minister said.
This policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector, he added.
Siddaramaiah said that recognising the evolving landscape technology and creativity, the Karnataka government understands the importance of animation, visual effects, gaming, and comics.
"It gives me immense pleasure to share that the Government of Karnataka is set to launch 

Siddaramaiah

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.

Supreme Court, Manipur violence

India experienced extreme weather events almost every day in the first nine months of this year which led to nearly 3,000 deaths, according to a report released on Wednesday.
Published by the independent think tank Centre for Science and Environment (CSE), the report said the climate-vulnerable country had extreme weather on 86 per cent of days from January to September 2023.
The CSE said 2,923 people died, almost two million hectares of crops were ruined, 80,000 homes were destroyed and more than 92,000 animals were killed. But these numbers might be even higher because not all the data is collected, it said.
"'India 2023: An assessment of extreme weather events' attempts to build an evidence base on the frequency and expanding geography of extreme weather events in the country. As this assessment clearly shows, what the country has witnessed so far in 2023 is the new 'abnormal' in a warming world," said the CSE director general Sunita Narain.
Madhya Pradesh reported the highest .

CDP, which gathered the data on behalf of 515 investors with $106 trillion in assets, said it received responses from 220 small and large Indian companies

Extreme weather condition

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

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Karnataka to unveil revised biotech policy: CM at Bengaluru Tech Summit

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

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

India saw extreme weather almost daily in first 9 months this year: Report

Indian investors need protection from manipulative short-selling practices

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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

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

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