Berkshire Hathaway is holding a record $381.7 billion in cash, signaling a cautious approach to equity markets as the company continues to be a net seller of stocks. Despite this conservative stance and a pause in share buybacks, Berkshire reported strong quarterly earnings, with operating profit up 34%.
Prime Minister Narendra Modi inaugurated ESTIC 2025, launching a Rs 1 lakh-crore RDI Scheme Fund to boost private sector R&D and announcing the Anusandhan Research Foundation. The event, featuring over 3,000 participants, aims to foster innovation across 11 thematic areas, highlighting India’s growing role as a technology pioneer.
President Trump warns of severe economic fallout if the Supreme Court overturns his tariff policy. He claims tariffs have fueled record stock market highs and 401(k) growth. The upcoming Supreme Court case challenges his authority to impose these taxes, which have generated billions in revenue, potentially requiring repayment if ruled unlawful.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday on weak global cues. While Nifty50 was below 25,700, BSE Sensex was down over 200 points.
Stock market recommendations: Motilal Oswal Financial Services highlights TVS Motor Company and M&M Financials as top stock picks for the week of November 3, 2025. TVS Motor shows strong momentum with a robust product pipeline and premiumization strategy. M&M Financials reported a strong second quarter.
Mehli Mistry, executor of Ratan Tata’s will, has filed a caveat with the charity commissioner after his reappointment to Tata Trusts boards was denied by a majority. He seeks an opportunity to be heard before any changes are sanctioned, as the Trusts must report board composition changes within 90 days.
Opec+ nations, including Saudi Arabia and Russia, will boost oil output by 137,000 barrels daily from December for three months. This modest rise, a pause in previous hikes, aims to secure market share amid steady prices and declining US shale.
Canadian Prime Minister Mark Carney highlighted progress in building Asia-Pacific partnerships, including with India, as a strategy to reduce reliance on the United States amid escalating tariff tensions. He apologized to President Trump for a provincial anti-tariff ad, emphasizing federal control over trade policy. Carney expressed optimism for future US trade talks once conditions stabilize.
India’s exports to the US plummeted 37.5% between May and September 2025 due to sweeping tariff hikes by the Trump administration. Shipments fell from $8.8 billion to $5.5 billion, with smartphones and pharmaceuticals being the biggest casualties. The report highlights a sharp deterioration in India’s competitiveness, risking market share loss to other nations.
