US

India has unexplored opportunities, says Buffett

06/05/2024

india has unexplored opportunities, says buffett

India has unexplored opportunities, says Buffett

WASHINGTON: Billionaire US investor Warren Buffett (93) said that the Indian market has “unexplored” opportunities, which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”.

Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world’s fifth-largest economy. “It is a very good question. I am sure there are loads of opportunities in countries like India,” he said.

“The question, however, is whether we have any advantage or insights into those businesses in India or any contacts that will make possible transactions that Berkshire would like to participate in. That is something a more energetic management at Berkshire could pursue,” the co-founder, chairman and CEO of Berkshire Hathaway said.

Decidedly reducing stake in Apple was one of the key topics. Buffett clarified that it had nothing to do with the long-term view on the stock. He also told shareholders that vice-chairmen Greg Abel and Ajit Jain have proven themselves the right people to lead Berkshire after he departs. agencies

For more news like this visit TOI. Get all the Latest News, City News, India News, Business News, and Sports News. For Entertainment News, TV News, and Lifestyle Tips visit Etimes

OTHER NEWS

Educators call Gov. Gavin Newsom’s slash to school funding ‘unconstitutional’

Pelican Island Causeway Bridge reopening after Wednesday's barge strike

Daisy Ridley is business chic in boxy gray blazer at special LA screening of Disney's Young Woman And The Sea

What time is Netflix releasing Bridgerton series three in the UK?

CNN political commentator and GOP strategist Alice Stewart dies

From 800 km away, dark horse Engineer Rashid unsettles the Baramulla race

Cate Blanchett looks chic in quirky fruit-print top and leather trousers as she attends Cannes Film Festival afterparty for her new flick Rumours

Dozens of Muslim teenagers sent to Government's anti-terror programme after being radicalised by Nazi propaganda that celebrates Adolf Hitler's genocide of Jews

Video: Horror as handsome high school jock, 17, is killed and his girlfriend, 16, fights for her life after 'drunk driver' slammed into them at 131 mph in his Mustang that split their car in HALF

Plans to roll out 'dental vans' in effort to tackle shortage of practitioners could be shelved by ministers due to 'limited availability' of vehicles

British Museum recovers 268 more missing or stolen objects that have been found across the world after legal action was launched against curator and director resigned

Christian enclave known as 'God's Square Mile' who banned people from using public beaches due to bizarre belief could finally be stopped after they 'made people buy badges with the CROSS on them'

Critics slam BBC Rebus reboot for 'reimagining' Ian Rankin's popular detective as an 'unhinged thug'

Shocking moment BMW driver wrecks £82,000 motor by slamming it into a bike stand in London, ripping off its wheel before motorist 'fled the scene'

Palestinians call for boycott of 'genocidal' Israel as fears grow of Cannes film festival becoming 'another Eurovision'

Team Penske dominates first day of Indy 500 qualifying as Ganassi and Ericsson shut out of pole

Seven Indian Filmmakers and Entrepreneurs Who Will Rock Cannes This Year

Long Week? ‘The Voices' Is the Rare Midnight Movie Better Enjoyed Alone

HOW much funding South Africa’s political parties received in 2024

Video: Revealed: Oleksandr Usyk's punch stats against Tyson Fury show he was the RIGHT winner despite throwing nearly 100 punches less... as the Ukranian bested the Gypsy King in several key areas

Video: JEFF POWELL'S SCORECARD: Oleksandr Usyk did enough to get the judges' verdict to beat Tyson Fury, but Mail Sport's boxing expert had a different result... how did he score the fight?

Video: Oleksandr Usyk sent to HOSPITAL with a broken jaw after beating Tyson Fury... as new undisputed heavyweight champion misses the post-fight press conference

Steelers QB Justin Fields To Get 'A Lot Of Throws Early On'

Washington Nationals news & notes: Nats drop 3rd straight, 4-2 Phillies in opener in CBP; Joey Gallo returns

Mailbag: Would the Raiders have drafted Michael Penix Jr. or Bo Nix?

Emma Hayes ‘hasn’t got another drop to give’ after Chelsea WSL title triumph

F1 drivers pay homage to Ayrton Senna and Roland Ratzenberger ahead of Imola GP

Fairfield Gardens: Miracle update after girl was seriously injured after she became pinned under a car - and bystanders had to frantically rip off a wheel to wedge her free

Domenica Calarco shares concerning message revealing she is 'not okay' and is entering a mental health retreat amid Abbie Chatfield backlash

Diddy's former assistant admits she was NOT 'surprised' by disturbing footage of him violently attacking his ex Cassie Ventura: 'I knew that it was something that he could be capable of'

Joe Biden faces potentially nightmarish June swoon with his re-election hopes fading

Payten looks in mirror to break Cowboys' losing cycle

Faf du Plessis unfiltered on MS Dhoni's potential farewell ahead of CSK clash: 'People are talking about it for 6 years'

Sultry tease of summer brings muggy air, storm risk to Ontario

Netflix reportedly paying staggering amount for NFL Christmas Day games in 2024

Rebel Gildan Executives Push for Board Change, Return of Ex-CEO Chamandy

Who Plays Eli David On NCIS And What Happened To The Character?

Stephen A. Smith On Why Aaron Rodgers Wouldn’t Be A Good Choice For Netflix’s Roast Like Tom Brady

What Happens to Your Body When You Eat Kiwi Every Day

How wild swimming puts you at risk of a raft of waterborne diseases