Dillip Prakash

Warren Buffett announced his retirement from Berkshire Hathaway by year-end, naming Greg Abel as his successor. Despite a significant drop in first-quarter profits, attributed to investment valuation decreases and insurance losses, Buffett expressed confidence in Abel's leadership. He pledged to retain his Berkshire shares, emphasizing Abel's potential to enhance the company's performance.

Following the Pahalgam terror attack and heightened tensions with Pakistan, Munitions India Limited (MIL) has reportedly cancelled extended leaves for employees across most of its 12 ordnance factories. While senior management cites missed production targets and export orders as the reason, some officials suggest national security concerns prompted the decision.

The Modi government navigates domestic pressures for retribution, fuelled by heightened awareness and middle-class outrage, while considering the implications for communal relations and political stability

Prime Minister Narendra Modi affirmed India's resolve to act decisively against the Pahalgam attackers and their supporters. This statement came amidst international calls for restraint. Modi and Angola President Joao Manuel Lourenco agreed that terrorism is a major threat. Lourenco condemned the attack and expressed solidarity. India announced a $200 million defence credit line for Angola.

The government has prematurely ended KV Subramanian's term as India's executive director at the IMF, effective April 30, 2025, without providing an official reason. Subramanian, who began his tenure in November 2022, had previously served as the government's chief economic advisor.

Farooq Abdullah asserted that the Pahalgam terrorist attack, resulting in 26 fatalities, likely involved local support, sparking criticism from Mehbooba Mufti. Abdullah also reiterated his opposition to the Indus Waters Treaty, advocating for its review due to perceived harm to the region's interests.

Pakistan stands at a crossroads. It can choose to embrace a future of amicable relations with India, or risk a repetition of the circumstances that led to the breakup of the nation

Google's CEO Sundar Pichai confirmed under oath that Gemini, its AI chatbot, is expected to be integrated into Siri by mid-2025. Discussions with Apple CEO Tim Cook included Gemini app distribution, with Cook indicating more third-party AI models would be incorporated into Apple Intelligence later in 2025. This partnership would significantly expand Gemini's reach across Apple devices.

India has firmly rejected Pakistan's proposal for a neutral probe into the Pahalgam killings, denouncing it as a deceptive tactic to divert attention from Pakistan's involvement. Indian officials assert that the call for neutrality is a ploy to evade accountability and undermine India's security interests.

Warren Buffett surprised shareholders by announcing his intent to retire as Berkshire Hathaway CEO by year's end, naming Greg Abel as his successor. Abel, a 25-year Berkshire veteran currently overseeing non-insurance operations, will now lead the $865 billion conglomerate.