Bitcoin ‘silly and evil,’ Berkshire Hathaway vice chair Munger says
Buffett has beforehand known as crypto “rat poison squared,” and earlier this yr Munger stated it was akin to a “venereal illness.” Read More
FEMA violations alleged: ED seizes Rs 5,551 crore deposits of Xiaomi
The Enforcement Directorate mentioned on Saturday it has seized Rs 5,551 crore financial institution deposits of Chinese language cellular manufacturing agency Xiaomi Know-how India for violating the international alternate administration Act (FEMA). “ED has seized Rs 5551.27 crore of Xiaomi Know-how India Non-public Restricted mendacity within the financial institution accounts beneath the provisions of FEMA, […]
Govt places import curbs on sure waste, scrap of valuable metals
The federal government has restricted the imports of sure waste and scrap of valuable metals, in line with a notification of the commerce ministry. Imports of these things had been free earlier. Now, it has been put underneath a restricted class, which implies an importer should search a license or permission from the directorate common […]
Whole excellent borrowings at Rs 4,543 crore: Future Enterprises
Future Enterprises (FEL), one other Future Group firm, on Saturday stated it has whole excellent borrowings of Rs 4,542.96 crore as of March 31. This takes the whole excellent borrowings disclosed by Kishore Biyani-led Future Group corporations to Rs 11,017.94 crore. Earlier on Friday, three Future Group corporations – Future Retail (FRL), Future Lifestyle Fashions […]
YES Financial institution says on monitor to arrange ARC, on lookout for companions
Yes Bank on Saturday stated it’s on monitor to arrange its asset reconstruction firm (ARC) and is looking out for companions. “The method to type the ARC and full the switch of legacy harassed property is on monitor and we anticipate to finish this by the tip of the present quarter,” Sure Financial institution chief […]
BHSI faucets North American casualty head
Berkshire Hathaway Specialty Insurance coverage (BHSI) has introduced the appointment of Kathy Reid as head of casualty for North America. She is predicated in Chicago. Reid has greater than 25 years of business expertise. She has been senior vp at BHSI since 2013. “Kathy has been a serious driver of BHSI’s development within the casualty […]
Warren Buffett provides his most expansive clarification for why he does not imagine in bitcoin
Bitcoin has steadily been gaining acceptance from the standard finance and funding world lately however Warren Buffett is sticking to his skeptical stance on bitcoin. He stated on the Berkshire Hathaway Annual Shareholder assembly Saturday that it isn’t a productive asset and it does not produce something tangible. Regardless of a shift in public notion […]
