Buisiness

NEW DELHI: In a sudden move, govt has removed Krishnamurthy Subramanian, its nominee on the IMF board, six months before his tenure was to end.The decision comes days before a crucial meeting of the IMF board to decide on a fresh $1.3bn climate resilience loan to Pakistan. Govt has upped the ante at multilateral agencies,…

KV Subramanian (File photo) In an unexpected move, the government has cut short KV Subramanian’s appointment as the executive director at the International Monetary Fund (IMF), ahead of his scheduled completion. The Appointments Committee of the Cabinet has decided to end his role effective April 30, 2025.No official explanation for this early termination has been…

“I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said. Warren Buffett made a surprising announcement to his shareholders on Saturday, declaring his intention to step down from his position by year’s end. In his statement, Buffett indicated he would suggest to Berkshire…

Tata Consultancy Services (TCS) has announced a strategic partnership with Kuwait-based Jazeera Airways to spearhead an AI-led digital transformation initiative aimed at elevating customer experience and improving operational efficiency.As part of the collaboration, TCS will revamp Jazeera Airways’ digital platforms, including its website and mobile apps, and roll out an advanced AI-powered chatbot designed to…

Markets regulator Sebi has imposed a total penalty of Rs 58.5 crore on four senior officials of Seya Industries Ltd, including promoter and Chairperson Ashok Rajani and his son, Amrit Rajani, for allegedly siphoning off funds and falsifying financial statements over multiple years, news agency PTI reported.In its final 122-page order issued Friday, Sebi found…

Trade items including dry fruits and chemicals worth around $500 million are reportedly entering India via intermediary nations such as the UAE, Singapore, Indonesia and Sri Lanka, according to an official, quoted by news agency PTI. The official indicated that a considerable portion of the Pakistani exports previously sent directly to India are now being…

Warren Buffett (File photo) Warren Buffett used the spotlight at the 2025 Berkshire Hathaway Annual Shareholders Meetingto issue a pointed warning: “Trade should not be a weapon.” Reaffirming his globalist economic philosophy, the legendary investor defended his 2003 “import certificates” idea while criticizing rising protectionist sentiments and tariffs, which he now views as acts of…

Sajjan Jindal-led JSW Steel may face challenges in meeting its expansion target and maintaining revenue guidance after the Supreme Court judgement that rejected its resolution plan for Bhushan Steel and Power Ltd (BPSL), say analysts.The company may also see a production cut of around 10 per cent besides rejig in capital expenditure plans in view…

Warren Buffett’s Berkshire Hathaway reported significantly lower profits Saturday morning, posting just over one-third of last year’s earnings—moments before thousands of shareholders poured into an Omaha arena to hear from the legendary investor himself.The drop in profits was largely due to a steep decline in the value of Berkshire’s investments and $860 million in insurance…

More than seven decades after gaining independence together in 1947, India and Pakistan have taken sharply divergent economic paths, with one of the starkest contrasts visible in their foreign exchange reserves — a key indicator of financial stability and economic resilience.According to a detailed analysis by The Economic Times (ET), India’s forex reserves currently stand…