Business & Economy

November 29, 2023 10:00 AM

Berkshire Hathaway vice chairman Charlie Munger dies at 99

Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died at a California hospital. Munger was 99, and would have turned 100 on January 1. He died peacefully, Berkshire said. No cause has been given. "Berkshire Hathaway could not have been buil...

November 28, 2023 2:31 PM

India’s vehicle sales climb 19% in festive season – dealers’ body

Vehicle sales in India rose 19% during a 42-day festive season, boosted mainly by strong demand for two-wheelers in rural areas, an auto dealers' body said on Tuesday. Indians generally make big-ticket purchases on items like vehicles during the festive season, which kicked off in mid-Octobe...

October 25, 2024 3:54 PM

Rescuers drill through debris to reach 41 men trapped in Uttarakhand tunnel

Rescuers led by "rat miners" drilled through rocks and debris on Tuesday to reach 41 construction workers trapped in a collapsed tunnel in Uttarakhand for 17 days. The process of pulling out the 41 low-wage workers from India's poorest states, one at a time on wheeled stretchers through a pi...

November 22, 2023 11:39 AM

OpenAI restores Sam Altman as CEO after his tumultuous ouster

OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center of the artificial intelligence boom. In addition to Altman's return, the company agreed in principle to partly reco...

November 15, 2023 10:27 AM

Sahara Group founder Subrata Roy passes away at 75

Subrata Roy, the architect of the vast business empire, Sahara Group, passed away at the age of 75 following a cardiorespiratory arrest that occurred at a private hospital in Mumbai on Tuesday, after a period of prolonged illness, as confirmed by a statement released by the company. He is survive...

October 25, 2024 3:55 PM

Rescuers hope bigger drill will reach 40 trapped in Uttarakhand tunnel

Rescuers trying to reach 40 road workers trapped in a collapsed tunnel in Uttarakhand for more than three days will soon get help from a heavy drilling machine airlifted to the site, officials said on Wednesday. The workers are safe, and rescuers have been able to communicate with them and send t...

November 15, 2023 9:08 AM

Japan’s economy contracts as recession risks grow

Japan's economy contracted in July-September, snapping two straight quarters of expansion on soft consumption and exports, complicating the central bank's efforts to gradually phase out its massive monetary stimulus amid rising inflation. Gross domestic product (GDP) in the world's...