Warren Buffett’s Berkshire Hathaway Inc said it owned USD 860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.

The size of the investment was disclosed in a regulatory filing detailing Berkshire’s US-listed stocks as of March 31.

New Delhi: Industry body COAI on Wednesday said it favours minimum broadband speed of up to 2 Mbps (megabits per second) for 4G networks.

Currently, the minimum broadband speed is 512 Kbps.

New Delhi: Hyundai Motor India Ltd (HMIL) on Thursday announced the launch of its vehicle leasing service in partnership with ALD Automotive India.

'Hyundai Leasing' will offer all of the company's entire model line-up for leasing with no upfront and maintenance costs, HMIL said in a statement.

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a tepid note Thursday tracking mixed cues from global markets amid sustained foreign fund outflows.

The 30-share index was trading 8.25 points, or 0.02 per cent, higher at 37,123.13. The broader NSE Nifty was also trading 2.05 points, or 0.02 per cent, up at 11,159.05.

New Delhi: Hinduja flagship firm Ashok Leyland on Thursday said it has bagged an order from Senegal, an African nation, to supply 400 minibuses worth 10.06 million euros (about ₹80 crore).

This order comes from Senbus Industries, a company assembling urban buses in Dakar, the Senegalese Capital, Ashok Leyland said in a statement.

New Delhi: Lawyer Haren Raval counsel for Essar Steel Asia Holdings Ltd has alleged that ArcelorMittal India had knowingly filed a false affidavit pertaining to NPAs on October 18, 2018.

Raval made these allegations during the National Company Law Appellate Tribunal (NCLAT) hearing of the Essar Steel bankruptcy proceedings on Wednesday.

Mumbai: Aiming at a 'cash-lite' society, the Reserve Bank of India (RBI) on Wednesday released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects the number of digital transactions to increase more than four times to 8,707 crore in December 2021.

It’s no secret that India’s banking regulator hates having its officials sit on the boards of state-run lenders. The practice exposes the Reserve Bank of India to all kinds of potential conflicts it would rather avoid. So when the RBI used its special powers to appoint a former deputy governor as a director of Yes Bank Ltd., a non-state lender, it sent a powerful signal: The bank’s troubles run deeper than investors believe, and a cleanup will probably be harder. The eventual solution may be to let the country’s 10th-largest bank by market value get swallowed by a bigger balance sheet.

India needs to pump more cash into its financial system to prevent a worsening of the funding crisis among shadow banks and the corporate sector, according to one of the nation’s biggest money managers. Non-banking financial companies had served as a “surrogate womb” for banks, who face regulatory limits on how much they can lend, but that “surrogacy has stopped,” Lakshmi Iyer, chief investment officer for debt at Kotak Mahindra Asset Management Co., said in an interview at her office in Mumbai.

Over 56.6 lakh individual household toilets have been constructed till February this year and another 6.33 lakh toilets were under construction under the Swachh Bharat Mission-Urban (SBM-U), the government has said in an RTI reply.

SBM-U aims at making urban India free from open defecation and achieving 100 per cent scientific management of municipal solid waste in all the 4,041 statutory towns of the country.

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