Category: Business News & Economy

Quit your job? Your health insurance just vanished; 5 things to know

Berkshire Hathaway shares hit their highest level since Warren Buffett announced his CEO departure in 2025 after successor Greg Abel accelerated capital deployment. Cash fell to $364.7 billion as Berkshire repurchased $4.5 billion of shares and invested $23.5 billion in stocks. Strong second-quarter profits and revenue growth further boosted investor confidence.

South Korean shares extended gains for a second straight session, led by Samsung Electronics, while strong export growth provided further support. However, uncertainty over the Middle East conflict and concerns surrounding the Strait of Hormuz kept investor sentiment cautious.

FCNR(B) deposits serve as a reliable investment option for NRIs wishing to secure foreign earnings in India. Penalties can differ across institutions, so it’s essential to consult individual bank policies before considering any withdrawals.

Raymond Lifestyle expects Europe to contribute up to 25% of its exports within two years as the apparel maker reduces reliance on the US amid shifting tariff policies. CEO Satyaki Ghosh said European inquiries have risen after India’s trade deals, while new customers and expanded production capacity are supporting growth.

The rupee opened lower at 95.39 against the US dollar on 11 August due to high oil prices and U.S.-Iran tensions, with RBI interventions supporting it. Market experts highlight financial pressures from rising bond yields and geopolitical issues affecting the currency’s stability.

Sensex Today | Stock Market LIVE Updates Tuesday: The GIFT Nifty signalled a negative open for the Nifty50. Most Asian markets were trading higher

CEOs and trade group representatives sent letters and called the White House in a bid to delay the release of a white paper marking the first federal effort to define the controversial food category

MCX gold October futures jumped to ₹1,55,124 per 10 grams, while MCX silver September futures rose to ₹2,39,400 per kg in the morning trade.

The diplomatic friction comes shortly after high-level bilateral engagements between the two nations