RBI Governor Shaktikanta Das stated that India’s economy remains robust but warned of escalating inflation, potentially surpassing September’s 5.5%. He indicated that high inflation might deter interest rate cuts in the upcoming December policy review. Das also highlighted the resilience of India’s financial sector and its ability to withstand global economic fluctuations.
Berkshire Hathaway spends down cash pile under CEO Greg Abel
Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly