Warren Buffett calls repurchase critics economic illiterate; 4 reasons why he finds value in share buybacks
Warren Buffett targeted the critics of repurchase or share buyback, calling them economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive). On February 25, Berkshire Hathaway published its annual report and the letter from Warren Buffet to the investors. Apart from the investment strategies and financial performance, the billionaire gave lessons to investors, explaining them with examples. Many analysts believe that Warren Buffett’s comment on share repurchasing is targeted at US President Joe Biden. Recently, Biden signalled at increasing the federal tax on stock buyback from 1% to 4%.
PM Modi inaugurates lotus-shaped Shivamogga airport in Karnataka – All you need to know
Prime Minister Narendra Modi inaugurated the Shivamogga airport in poll-bound Karnataka amid a huge crowd and the presence of several state and union ministers like Karnataka CM Basavaraj Bommai, former CM B.S Yediyurappa and Prahlad Joshi amongst others. This is a dream project for the former chief minister of the state, BS Yediyurappa. The Shivamogga airport is built under UDAN(Ude Desh Ka Aam Nagarik) scheme by the central government. Prior to the inauguration PM Modi inspected the model of Karnataka’s Shivamogga Airport that will be inaugurated by him today.
Mumbai Metro: Three-tier Medetiya Nagar station on Line 9 near completion
Over 60% of the work on the under-construction station at Medetiya Nagar, which is under the elevated Metro Line-9 project, has been completed, the Mumbai Metropolitan Region Development Authority (MMRDA) said and the Indian Express reported.
The MMRDA is responsible for overseeing the construction of Metro lines in the region, excluding the BKC-Colaba-SEEPZ underground link.
Markets Wrap – Mon, 27 Feb ‘23: Nifty, Sensex plunge, rupee depreciates; Asia, US markets, Gold, Crude updates
Indian equity indices ended Monday’s volatile session in the red territory. The Nifty settled below the crucial 17400 level and Sensex closed below 59300. The Bank Nifty managed to close above 40,300. The top gainers on the Nifty 50 were ICICI Bank (up 2.17%), Power Grid (up 2.16%), Kotak Bank (up 1.80%), HDFC Life (up 1.58%) and State Bank of India (up 1.24%) while Adani Enterprises (down 9.74%), Bajaj Auto (down 5.32%), UPL (down 4.10%), Tata Steel (down 2.96%) and Infosys (down 2.58%) were the losers.?
Yulu, Bajaj Auto launch new generation EVs customised for Indian condition
Yulu and Bajaj Auto have launched new generation electric vehicles Miracle GR & DeX GR.Theseare developed on a purpose-built platform for electric two-wheelers engineered specially for Indian consumers, climate and road conditions.
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Powered by Yulu’s AI-led technology stack and exclusively manufactured by Bajaj Auto, the Miracle GR & DeX GR are made in India, for the world, and are being rolled out by Chetak Technology (a 100 percent owned subsidiary of Bajaj Auto).
Top 10 situations when you should consider using emergency fund
When to use your emergency fund is one of the most critical decisions of your lifetime. It takes longer to save money for contingencies, and building such funds takes work. Therefore, you must be careful and know where and when to spend your emergency fund.
Here are ten situations when you can consider using your emergency corpus.
Air India mega aircraft deal is worth Rs 5.8 lakh crore; 470 planes from Boeing, Airbus to land in 10 years
Air India’s mega-deal for 470 narrow and wide-body Airbus and Boeing aircraft will be valued at $70 billion (~Rs 5.8 lakh crore at current exchange dollar-rupee exchange), said CEO?Campbell Wilson, as reported by Reuters on Monday. Wilson said that while the first year of the takeover has gone in making investments into the airline, this year will be focused on?hiring, expansion, among other things. Also, matters like recruiting 500 cabin crew every month, shortage of pilots and crew will be addressed in the coming weeks. Air India is looking at opportunities to expand on international long haul routes.
Bird Flu in Cambodia: WHO raises concern over Avian flu cases; Warns more to come
WHO Concerned About Bird Flu Cases:?The World Health Organization (WHO) on Sunday announced that Cambodia has reported an outbreak of the avian influenza A (H5N1) virus. The global health agency is investigating the two human cases after an 11-year-old girl died this week and her father also tested positive for the H5N1 strain.
According to?WHO, these are the first two cases of avian influenza A (H5N1) reported from Cambodia since 2014.
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