Auto Added by WPeMatico
Warren Buffett said that the decision to build Berkshire Hathaway’s massive stake in Alphabet was his own, and incoming CEO Greg Abel had no role in it. “I initiated it,” Buffett told CNBC in the first public explanation of how Alphabet became one of Berkshire’s biggest technology holdings. “I am not doing anything that he…
Imagine you have purchased a house in a city, paid the full amount and even completed the property registration in your name. Most homebuyers would assume that the job is done and the registration itself makes them the undisputed legal owner, however, that isn’t always the case. Under Section 54 of the Transfer of Property…
EPFO members may begin seeing the annual interest for FY2025-26 reflected in their provident fund accounts from today July 15, as the retirement fund body starts crediting interest at the approved rate of 8.25% per annum. The annual interest rate of 8.25% works out to approximately 0.688% per month, according to a Cleartax report. Although…
Global stock markets saw a sharp downturn earlier this year, but Dalal Street has begun to show strong resilience recently. In this backdrop, PL Capital increased its Nifty 50 target to 27,019, while cautioning that the prolonged West Asia crisis and impact of the mega El Nino year can play a “spoil sport”. The Nifty…
PayPal shares rose about 15% in premarket trading after Reuters reported that payments company Stripe and private equity firm Advent International have made a joint offer to buy the company for more than $53 billion. The offer values PayPal at $60.50 per share, according to the Reuters report, which cited two people familiar with the…
Tata Capital, the non-banking finance company of the Rs 15-lakh-crore turnover Tata Group, has raised $400 million by selling dollar bonds abroad, people familiar with the matter told ET. “Real money investors, including asset managers from Asia and Europe, dominated the demand for bonds, which were not open to US investors since it was a…
Angel One Ltd on Wednesday reported a more than two-fold increase in consolidated profit after tax to Rs 231.4 crore for the quarter ended June 30, 2026, driven by strong retail client participation and robust trading volumes. The fintech and stock broking firm’s PAT stood at Rs 114.5 crore in the corresponding quarter of the…
IBM shares rose nearly 2% in premarket trade on Wednesday, a day after the US technology major suffered its worst one-day stock fall in 58 years and lost nearly $70 billion in market value. The stock had plunged about 25% on Tuesday after the company’s preliminary second-quarter numbers came in below Wall Street expectations. The…
India’s markets regulator on Wednesday introduced a formal recusal framework requiring its senior officials to step aside from matters where they face personal, professional or financial conflicts. The framework also allows the public to flag potential conflicts and mandates annual disclosure of recusal data. Here are the key provisions of the stricter code of conduct,…
HDB Financial Services on Wednesday reported a 38% year-on-year (YoY) rise in profit after tax for the June quarter, helped by strong growth in net interest income and lower pressure from asset quality. The non-bank lender posted a profit after tax of Rs 785 crore for the quarter ended June 2026, compared with Rs 568…