Top Business Headlines
Who are the key executives running Berkshire Hathaway’s $1 tn-plus empire?
Warren Buffett has stepped down as chairman of Berkshire Hathaway, the $1 trillion-plus conglomerate, with his son Howard Buffett taking over the role and Greg Abel serving as CEO. Abel was named CEO by Buffett in May 2025, while Ajit Jain serves as vice chairman, overseeing insurance operations. Adam Johnson heads NetJets and Berkshire's consumer products, services and retail businesses.
Can 2 employees who do the same work demand equal pay?
Performing identical or similar work alone does not establish a right to equal pay, the Supreme Court said. Differences in recruitment, qualifications, experience, reliability, accountability and other factors can justify different pay, it added. The court said the doctrine of "equal pay for equal work" has evolved and stressed that "equal pay must be for equal work of equal value".
Ryanair CEO apologizes for calling rivals 'rapists'
Ryanair CEO Michael O'Leary issued an unreserved apology Friday for calling high-fare airlines 'rapists,' admitting his words caused 'considerable upset' to victims and survivors. O'Leary had initially refused to apologize despite backlash from Ireland's Taoiseach, deputy PM, and UK transport minister. He had made the remarks at Ryanair's Ireland headquarters.
India's GDP will rise to $38 trillion in 20 years: Ajit Doval
National Security Advisor (NSA) Ajit Doval said on Saturday that India's GDP would increase from the current US $4.015 trillion to US $38 trillion in the next 20 years. "Massive changes are taking place in India, and the country is moving towards a magnificent future," the NSA added. The NSA also lauded Prime Minister Narendra Modi's vision of 'Amrit Kaal.'
Which 10 flexi-cap mutual funds gave negative returns in 1 yr?
Ten flexi-cap mutual fund schemes delivered negative returns over the past year, ET Now reported, citing fund fact sheets. NJ Flexi Cap (Direct Plan) posted the steepest decline at 5.89%, followed by Samco Flexi Cap at 4.73% and Tata Flexi Cap at 4.09%. Parag Parikh, Sundaram, Franklin India, UTI, Mahindra Manulife, Shriram and Bandhan Flexi Cap also gave negative returns.
Disney’s 1st CTO once led an AI startup accused of copying its characters
Walt Disney hired Indian-origin techie Karandeep Anand as its first Chief Technology Officer (CTO), who is the former CEO of the startup Character.AI. In 2025, Disney accused the startup of "blatantly infringing" its copyrights and sent a cease-and-desist letter demanding the removal of Disney characters. The startup lets users create virtual characters with generative AI and interact with them.
RBI, SEBI may regulate digital gold, physical gold backing proposed: Report
RBI and SEBI are considering rules for digital gold to protect investors and make the growing market more transparent, The Economic Times reported. The Finance Ministry has sought views on treating digital gold as a regulated investment under existing securities law. The proposed rules could require companies to keep matching physical gold, report holdings regularly and allow independent checks.
Shopkeepers in Delhi-NCR put up 'cash only' posters as govt announces UPI charges
Several Delhi-NCR shopkeepers are putting up 'cash only' posters after the government announced charges on select UPI payments above ₹2,000. NDTV reported that traders in Ghaziabad are putting up posters saying 'UPI Payment won't be accepted' to protest the charges. Some traders and fuel pumps in Delhi's Kashmere Gate and Greater Noida are also refusing UPI payments, India TV reported.
Trump expects major deals as Xi visits White House
US President Trump said Washington is 'doing very well with China' ahead of Chinese President Xi Jinping's White House visit. Talks will cover trade, AI, tariff truce, chip exports, fentanyl, and Taiwan. Xi and Trump will hold bilateral talks Thursday, followed by a state dinner. The tariff truce expires in November.
Trump order links US layoffs to H-1B visa scrutiny
President Trump signed an executive order directing federal agencies to consider employers' recent or planned layoffs when processing H-1B applications, petitions, and visas. The order does not auto-block H-1B sponsorship post-layoffs but makes it a key review factor. The Labor Department must begin reviewing past labor condition applications within 30 days.