Author: News Desk
Warren Buffett, renowned for his stock-picking prowess and commitment to value investing, has added a new stock to Berkshire Hathaway’s portfolio during the third quarter. However, what sets this move apart is Buffett’s decision to keep the details of this acquisition under wraps, creating a buzz in the financial world. Unveiling the Mystery Stock In the recent quarterly 13F filings, Berkshire Hathaway disclosed the addition of a new stock without revealing its identity to the public. This departure from the norm has left analysts and investors speculating whether Buffett has ventured into yet another value stock, known for their solid…
Beloved as Warren Buffett’s closest ally, billionaire philanthropist and vice chairman of Berkshire Hathaway Charlie Munger passed away in California on Tuesday night at the age of 99. After Buffett’s tenure as vice chairman at Berkshire Hathaway for many years, the company said it was “advised by members of Charlie Munger’s family that he peacefully died this morning at a California hospital.” In a statement, Warren Buffett stated, “Charlie’s inspiration, wisdom, and participation could not have been built to Berkshire Hathaway’s present status.” Munger was not only the vice chairman of Berkshire, but also a real estate lawyer, the chairman…
Over the past few years, Jordan has emerged as a thriving hub for start-ups, with a significant uptick in investments from 2018 to 2022. This surge in funding has propelled the country to become the fourth most funded and transacted market in the Middle East and North Africa (MENA) region, according to a study conducted by start-up data platform Magnitt. Investment Landscape 1. Position in MENA Jordan has secured its position as a regional leader in technology, attracting approximately $246 million in capital through 220 deals since 2018. While the UAE, Saudi Arabia, and Egypt lead the charts in terms…
Maruti Suzuki India (MSIL), together with Tata Motors, Audi India, and Mercedes-Benz India, announced on Monday that they are considering a price increase beginning in January 2024 due to increased cost pressures caused by overall inflation and high commodity prices. The company also indicated that, despite its best efforts to minimize costs and offset the increase, it may be forced to pass on some of the cost increase to the market. All Maruti cars, it appears, may face a price increase; however, the carmaker has yet to declare the exact price increase on its models. The price rise is expected…
Google Pay, one of India’s leading digital payment platforms, has recently implemented a convenience fee for certain transactions, with a focus on mobile recharges. This move has stirred discussions among users, prompting a closer examination of the fee structure and its implications. Understanding the Convenience Fee: In a significant shift, Google Pay users now encounter a convenience fee when recharging their mobile phones. The fee varies based on the value of the recharge plan, presenting users with different payment options. Fee Tiers: Plans Below 100 Rupees: Users opting for plans below 100 rupees will not incur any convenience fee. This…
ByteDance, TikTok’s parent firm, according to media reports, has launched significant layoffs inside its gaming section, generating uncertainty for many Nuverse employees. The gaming department, Nuverse, is reportedly being significantly downsized after two years of poor success. “We routinely assess our ventures and make adaptations to focus on long-term strategic growth areas. Following a recent evaluation, we’ve made the challenging decision to restructure our gaming business,” a spokesperson for ByteDance quoted in the reports. According to insiders, ByteDance will halt active gaming development and would most likely sell existing gaming titles within Nuverse. The online card game “Marvel Snap,” produced…
Kochi, the vibrant city in Kerala, has secured a prestigious spot on Conde Nast Traveller’s list of the best places to visit in Asia for 2024. Celebrated for its sustainable initiatives and rich local festivals, the city stands out for its historic waterways, backwaters, and the convergence of diverse cultures. Water Metro Revolution Highlighted as one of the world’s pioneers, Kochi’s water metro system, launched in 2021, has already set an impressive standard. Conde Nast Traveller anticipates that by late 2024, the water metro will transition to full solar power, aligning with Kerala’s broader vision to transform its financial and…
Recent media sources claim that Google, a significant player in the IT industry, is in talks to invest roughly $4 million in Corover.ai, a local conversational artificial intelligence business. Following the announcement of the official launch of BharatGPT in the upcoming weeks, Google discussed investing $4 million in equity and made a non-equity funding of $500,000 in Corover, having already signed an agreement with the firm in March of this year. By December, the new investment is expected to be received. Corover.ai With its in-house cognitive AI technology, CoRover Conversational AI Platform provides managed Chatbot as a Service (along with…
Jorge Tamarit-Degenhardt, leader of Airbus’s C295 transport aircraft programme, stated in an interview that Airbus S.A.S. intends to strengthen its collaboration with Tata Advanced Systems in order to expand India’s defence supply chain and introduce new products to meet the nation’s defence requirements. Tamarit reports that Airbus and Tata plans to engage in capacity building, which will involve obtaining raw materials, producing detailed pieces, or subcomponents, and setting up facilities for subassembly and assembly. He further said that the program will be implemented in stages, with the first phase concentrating on obtaining components like metals and composite manufacturing technology. A…
Malaysian Prime Minister Anwar Ibrahim has announced a groundbreaking decision to eliminate entry visa requirements for citizens of China and India visiting the country, starting from December 1. The move aims to bolster tourism, attract investors, and enhance economic growth for the Southeast Asian nation. Visa-Free Stay for 30 Days During his speech at the People’s Justice Party’s annual congress in Putrajaya on Sunday, Prime Minister Anwar revealed that Chinese and Indian nationals will be granted a visa-free stay of up to 30 days. However, this exemption is contingent upon successful security screening. Tourism as Economic Stimulus Malaysia, like many…