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Berkshire Hathaway has invested in The New York Times, marking a return to the media sector. This move comes after Warren Buffett sold Berkshire’s newspaper business in 2020. The company also adjusted its stakes in Apple and an online retailer. Greg Abel has succeeded Buffett as CEO.Read More

PacifiCorp, facing significant wildfire litigation costs in Oregon, is selling its Washington state wind, natural gas, and distribution assets to Portland General Electric for $1.9 billion. This strategic move aims to bolster PacifiCorp’s liquidity and simplify operations amidst ‘extraordinary pressure’ from legal battles and regulatory challenges. The deal, pending approvals, includes key generation facilities and thousands of miles of infrastructure.Read More

Indian banks are moving to fixed-price contracts for ATM management. This change replaces older transaction-based models. Banks seek cost stability and assured service quality. This shift aims for predictable expenses and better performance from vendors. Many new ATM and cash recycler contracts are being awarded under this fixed-fee structure. This ensures consistent service and improved customer convenience.Read More

The Reserve Bank of India has eased external commercial borrowing rules, potentially allowing Indian companies to raise up to $100 billion in 2026-27. Key changes include higher per-borrower limits, relaxed end-use permissions, and the removal of pricing restrictions, making overseas funding more accessible and attractive for corporate expansion and acquisitions.Read More

Indian stockbrokers saw improved revenues and profits in the third quarter. Trading volumes increased, boosted by leveraged deals and higher interest income. Exchanges like BSE and NSE also reported growth. This performance was supported by strong activity in cash and derivatives markets, as well as healthy primary market participation. Volatility in commodities also lifted trading volumes.Read More