Tuesday, November 26
Berkshire Hathaway Inc. reports increased operating earnings of $8.48 billion for Q4, attributed to higher interest rates and fewer catastrophes in its insurance business. Despite a record cash pile of $167.6 billion, Buffett struggled to find major deals. Net earnings reached $37.6 billion, with significant share repurchases totaling $9.2 billion for the year.
Bangalore International Airport signs a 25-year power purchase agreement with Clean Max Enviro Energy Solutions for a 45.9 MW Solar-Wind Captive Power Project, yielding 90 GWh of renewable energy annually and reducing CO2 emissions. The project includes a solar-wind farm in Jagaluru, Karnataka, with solar and wind power plants. It will generate 58.3 million units of solar power.
Vodafone Idea is set to consider a fund-raise plan to launch 5G services, reduce debt, and secure financial ammunition. The telco aims to attract outside investors and explore various options for raising funds.
Shares of Sugar companies tumbled up to 3 per cent in the morning trade on Thursday after the government announced a hike in the minimum price that mills have to pay to sugarcane growers for the 2024-25 season starting October. The scrip of Rana Sugars plunged 3.21 per cent to Rs 25.35 apiece, Mawana Sugars slumped 2.81 per cent to Rs 101.70.
Before Japan's asset bubble catastrophically burst in the early 1990s, stockbroker Ryuta Otsuka remembers waving a 10,000-yen note to hail a taxi after evenings sipping champagne at high-end Tokyo nightclubs. You couldn't catch one without waving a 10,000-yen note,"The bill was worth around $70 back then and now -- although in the 1980s a greenback could buy a lot more than today.
Banking stocks led as Nifty closed at a new life high level on Thursday while Sensex increased by 535.15 points to close at 73,158.24 and Nifty gained 180.1 points to 22,235.15. Both Indian indices opened marginally higher, showing signs of recovery after breaking a six-session winning trend and Sensex rose 7.58 points to 72,630.67 points.
