May 1, 2026

Business

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‘Oracle of Omaha’ steps aside: Warren Buffett retires today as Berkshire CEO after 6 decades of service; Gregory Abel takes operational charge

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Warren Buffett stepped down as chief executive of Berkshire Hathaway today, bringing to an end one of the longest and most influential leadership runs in modern corporate history.The transition, announced earlier this year at Berkshire’s annual shareholders’ meeting, hands day-to-day control to vice-chairman Gregory Abel from January 1. Buffett, now 95, will remain chairman and…

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Growth outlook: Indian economy set to post high growth despite global headwinds; RBI flags domestic demand strength

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India is projected to record high economic growth despite a volatile and unfavourable external environment, supported by strong domestic consumption and investment, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday, PTI reported.“Maintaining financial stability and strengthening the financial system remains our north star,” Malhotra said in the foreword to the latest Financial Stability…

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New Labour codes: Draft rules pre-published – how will your salary, wages, gratuity, allowances be calculated? FAQs released

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Apart from the draft rules, the government has also published a list of FAQs on what the new labour codes mean, definition of wages, gratuity calculation etc. (AI image) New Labour Codes: The Ministry of Labour has pre-published draft rules under new labour codes on Wednesday. These draft rules are open for public consultation, and…

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Fiscal snapshot: Centre’s deficit widens to 62.3% of budget target by November; higher than last year

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The Centre’s fiscal deficit stood at Rs 9.76 lakh crore at the end of November, accounting for 62.3% of the full-year budget estimate for 2025-26, government data released on Wednesday showed, PTI reported.The deficit was higher than the 52.5% recorded during the same period last year, reflecting a faster pace of expenditure relative to revenue…

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Highway boost: Cabinet clears Rs 20,668 crore highway projects; Nashik–Solapur corridor & NH-326 upgrade get nod

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The Union cabinet on Wednesday approved highway projects worth Rs 20,668 crore, including a six-lane greenfield Nashik–Solapur (Akkalkot) corridor in Maharashtra and the widening and strengthening of NH-326 in Odisha.The largest approval is for the 374-km Nashik–Solapur (Akkalkot) corridor, cleared at a cost of Rs 19,142 crore. The project involves construction of a six-lane access-controlled…

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Aim to apply for universal bank licence in a decade: Fino Bank

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MUMBAI: Fino Payments Bank, promoted by Fino PayTech, received in-principle approval from the Reserve Bank of India (RBI) in early December 2025 to transition into a small finance bank, enabling lending operations after restructuring. Fino PayTech’s major shareholders are Bharat Petroleum, ICICI Bank group, Blackstone and Intel Capital. In an interview with TOI, Rishi Gupta,…

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Tax reset 2025 : From new regime slabs and rebates to GST and compliance rules; how India’s tax system changed this year

contact@dailyupdatesindia.com06 mins

AI image means for representation purposes only As 2025 comes to a close, India’s tax framework stands notably altered, shaped by a year-long sequence of reforms that extended well beyond routine income tax changes and into investments, compliance and digital assets.What unfolded over the year was not a single reform but a nuanced reset touching…

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Russia pushes deeper: Putin orders ‘buffer zone’ expansion in Ukraine’s Sumy, Kharkiv in 2026; Zelenskyy calls plans ‘mad’

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Russia on Wednesday said that its forces are advancing in northeastern Ukraine, with President Vladimir Putin ordering the expansion of a territory that Moscow describes as a “buffer zone” along the border in 2026, according to Russian state news agencies.Chief of the General Staff Valery Gerasimov said Putin had directed the expansion of the buffer…

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Aviation policy: Adani Group pushes for more international flying rights; airlines caution

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India’s aviation policy has created a gap between airport operators and airlines as Adani Group is urging the Centre to expand international flying rights while others argue for limitations. The infrastructure gaint, which operates eight airports across India, has asked the government to accelerate negotiations with several countries, including the UAE, Saudi Arabia, Qatar, Singapore,…

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