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)

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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

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

An upcoming climate concert, named Resonance, will bring together multiple voices from across the globe to raise awareness about the "urgency of a planet in dissonance - that must be healed for humanity".
Hosted by San Francisco based non-profit BayEcotarium jointly with United Nations Convention to Combat Desertification (UNCCD), the musical event will take place on December 6 in Dubai Opera, during the United Nations COP28 Climate Summit scheduled to be held in UAE from November 30 - December 12.
"Music transcends geopolitical and linguistic boundaries and is the soul of civil societies. The Climate Concert is the coming together of multiple voices from around the world during the historic UNCOP28, in solidarity with combating climate change. Aptly named Resonance- its intent is to bring awareness to the urgency of a planet in dissonance - that must be healed for humanity," George Jacob, president and CEO of BayEcotarium, told PTI.
The event will see live performances by multiple 

Climate Change

Delegates with ties to the world's biggest polluting oil and gas firms have attended UN climate talks at least 7,200 times over the last 20 years, claims a coalition of civil society organisations.
The analysis by the Kick Big Polluters Out (KBPO) coalition comes amid a controversy over the appointment of Sultan Al Jaber, the head of the state-run Abu Dhabi National Oil Company, as the president of the upcoming UN climate talks (COP28) in Dubai. Al Jaber has, however, argued that having the oil and gas industry at the table is essential.
Citing data on the attendees, the coalition said it underscores how organisations from countries "that are most responsible for global emissions are dominating the climate talks, attempting to influence progress on climate action".
"Since COP9 in 2003, employees of fossil fuel firms have attended negotiations a minimum of 945 times. Staff from the 'Big 5' oil giants  ExxonMobil, Chevron, Shell, BP and TotalEnergies  have been granted a minimum of 26

Exxon Mobil, Chevron reap over $31 billion profit from energy crunch

oil, fossil fuel, opec, crude oil, energy

Apart from Ben Stokes, and Ambatai Rayduu, who were already out of IPL 2024, Chennai Super Kings released six other players. Find out who they are

CSK, IPL 2021, Chennai Super Kings

The tense cease-fire between Israel and Hamas appeared to be back on track early on Sunday after the release of a second group of militant-held hostages and Palestinians from Israeli prisons, but the swap followed an hourslong delay that underscored the truce's fragility.
The exchange was delayed on Saturday evening after Hamas accused Israel of violating the agreement, which has brought the first significant pause in seven weeks of war marked by the deadliest Israeli-Palestinian violence in decades, vast destruction and displacement across the Gaza Strip, and a hostage crisis that has shaken Israel.
The deal seemed at risk of unravelling until Qatar and Egypt, which mediate with Hamas, announced late Saturday that the obstacles to the exchange had been overcome. The militants released 17 hostages, including 13 Israelis, while Israel freed 39 Palestinian prisoners.
Thousands of people gathered in central Tel Aviv late Saturday to call for the release of all the estimated 240 people 

gaza

Several Pakistani cricketers are reportedly unhappy with PCB chief selector Wahab Riaz for delaying the issuance of NOCs to players to compete in foreign leagues, such as the Big Bash League in Australia, leading to tension between the two sides.
Sources close to the players said that all-rounder Imad Wasim had decided to end his international career because of the tension prevailing between the chief selector and the cricketers over the issuance of NOCs.
Wasim had announced his retirement on Friday, bringing curtains to his eight-year international career.
"(Chief selector) Wahab has made it clear to all centrally-contracted players that their first priority is to play for Pakistan and also insisted that anyone wanting to be considered for selection to the national team has to make appearances in domestic cricket," a source said.
He added that Wasim decided to retire as he had contracts lined up for lucrative T10 and T20 leagues in the UAE, Australia and South Africa.
"Imad and s

Wahab Riaz

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

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

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

A day after 41 workers were rescued from the Silkyara tunnel in Uttarakhand, the Congress on Wednesday demanded a thorough audit of all projects under implementation while also calling for putting on hold all future projects in the Himalayan region and subjecting them to professional ecological scrutiny.
Congress general secretary Jairam Ramesh said while "we salute the rescued workers and applaud the entire rescue team", there should be a reflection on some larger questions thrown up by the tunnel collapse.
"While we salute the rescued workers and applaud the entire rescue team -especially the twelve 'rat-hole' miners who displayed both skill and daring, and who surely deserve a more appropriate name for the work they do -- we should also reflect on some larger questions thrown up by the tunnel collapse," the former environment minister said in a post on X.
The fragility and complexity of the Western Himalayan ecosystem has been brought home to us in a stark manner, he said.
"What

Congress general secretary, Jairam Ramesh

The company added that India was one of its largest markets in the PSP business, contributing a share of around 48 per cent of its revenues

PayU launches 'PayU Token Hub' to help businesses comply with RBI norms

PayU

NITI Aayog CEO BVR Subrahmanyam on Wednesday said a vision document is being prepared for India to become a developed economy of about USD 30 trillion by 2047.
The draft 'Vision India @2047' document will outline the institutional and structural changes/ reforms that will be needed for the country to become a developed nation by 2047.
"A vision plan is being prepared for India to become a developed economy...the prime minister will release the document in January," Subrahmanyam said while addressing an event organised by industry body FICCI.
In 2023, NITI Aayog was entrusted with the task of consolidating the 10 sectoral thematic visions into a combined vision for Viksit Bharat @2047.
Subrahmanyam said the government wants college enrolment rate in India to increase from 27 per cent to 50-60 per cent.
"So, the college going population would go up from 4 crore to 8- 9 crore.  So we need thousand more universities, in addition to thousand universities we have today," he ...

India, India flag

The startup sets ambitious target, plans to increase clinics to 1,000 and serve 3 million patients annually by FY24

Amarinder SIngh, CEO Global Dental Services

The Union Cabinet has approved the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) to focus on 11 critical interventions through various ministries, Union minister Anurag Thakur said Wednesday.
The scheme, announced by Prime Minister Narendra Modi on Janjatiya Gaurav Diwas in Jharkhand's Khunti, will have a total outlay of Rs 24,104 crore. The Central share will be Rs 15,336 crore and states will contribute Rs 8,768 crore.
The nod to the scheme was given by the Union Cabinet on Tuesday night.
Seventy-five communities located in 18 states and the Union Territory of Andaman and Nicobar Islands have been categorised as Particularly Vulnerable Tribal Groups (PVTGs).
These PVTGs continue to face vulnerability in social, economic and education sectors, the government noted. The PM-JANMAN will focus on 11 critical interventions through nine ministries, including the Ministry of Tribal Affairs.
The Ministry of Ayush will set up Ayush Wellness Centre as per existing norms and

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Uttarakhand tunnel episode: Congress seeks thorough audit of all projects

PayU's PSP revenue up at $211 mn in H1FY24 on growth in existing merchants

'Vision India @2047' document in making for 'Viksit Bharat': NITI Aayog CEO

How Amarinder Singh's Clove Dental is standardising India's oral healthcare

Union Cabinet approves Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan

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

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