Wednesday, August 19
Warren Buffett said Berkshire Hathaway is uniquely positioned to withstand the test of time as he formally passed on the chief executive role to his chosen successor Greg Abel, offering a strong personal endorsement of the transition.“I think it has a better chance of still being around 100 years from now than any other company I can think of,” Buffett said in a special interview with Becky Quick, excerpts of which were aired on CNBC on Friday.Buffett officially stepped down as CEO on Thursday, bringing to an end a six-decade-long tenure that saw him transform Berkshire from a struggling textile operation into a trillion-dollar conglomerate spanning businesses from insurance to railroads, with more than $300 billion of cash on its balance sheet.“Greg will be the decider,” Buffett s
United States President Donald Trump on Saturday said that the US had captured Venezuelan President Nicolas Maduro and his wife, and flown them out of the country."The United States of America has successfully carried out a large scale strike against Venezuela and its leader, President Nicolas Maduro, who has been, along with his wife, captured and flown out of the Country", Trump said in a Truth Social post.The Venezuelan government said attacks also took place in the states of Miranda, Aragua and La Guaira, prompting Maduro to declare a national emergency and mobilize defense forces.Read more: US-Venezuela tensions: Emergency in South American nation after several explosions; what we know so farThe United States has accused Maduro of running a
The initial public offer (IPO) of Bharat Coking Coal Limited (BCCL) will open for bidding on Friday, January 8 and close on January, 13. The Rs 1,300 crore issue will entirely be an offer for sale (OFS) where promoter Coal India (CIL) will offload up to 46.57 crore equity shares.The anchor investor bidding will open on Thursday, January 8.The company will announce the issue price band on Monday, January 5.About Bharat Coking CoalIncorporated in 1972, BCCL is India's largest coking coal producer and one of the country's largest coking coal reserve holders with approximately 7,910 million tonnes of estimated reserves as of April 1, 2024. The company is a wholly-owned subsidiary of CIL and was conferred a 'Mini Ratna status in 2014.BCCL's operations are concentrated in the Jharia coalfields o
