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Berkshire’s Warren Buffett goes quiet

Warren Buffett, the iconic investor and chairman of Berkshire Hathaway, has announced that he will stop writing his famous annual letters to shareholders. At 95, he is stepping back from public updates but will continue sending a shorter Thanksgiving message.

Buffett’s chosen successor, Greg Abel, is set to take over as CEO by the end of the year. In his farewell note, Buffett reflected on his decades-long career, his personal friendships, and shared practical lessons on business and life.

His annual letters have long been valued not just for company insights but also for Buffett’s clear, humble wisdom. This marks the end of a notable era while ensuring a smooth transition of leadership at Berkshire Hathaway.

Also Read: US, India ‘pretty near’ trade deal, tariffs could ease

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Britannia CEO resigns after 13 years

Britannia Industries has announced a major leadership change, with Varun Berry stepping down as Executive Vice-Chairman, Managing Director and CEO after over a decade at the helm. His resignation, submitted on November 6, was accepted by the company’s board on November 10.

Berry joined Britannia in 2013 as Chief Operating Officer and became Managing Director the following year. During his tenure, he steered the company’s transformation from a biscuit-focused brand into a diversified food enterprise with a strong presence in dairy, bakery, and snacks.

The board has appointed Rakshit Hargave as the new Managing Director and CEO, effective December 15, 2025, for a five-year term. Until then, Natarajan Venkataraman, Executive Director and CFO, will serve as interim CEO.

Britannia said the transition reflects a “planned leadership succession” aimed at sustaining growth, expanding regional presence, and advancing its vision of becoming a “global total foods company.”

Berry’s exit marks the end of a defining chapter in Britannia’s growth story, while Hargave’s appointment signals a fresh phase focused on innovation and new market opportunities.

Also Read: BBC Chiefs quit over Trump speech edit

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BBC Chiefs quit over Trump speech edit

The BBC is in turmoil after its top executives resigned over a controversial edit of a Donald Trump speech.

Director-General Tim Davie and News CEO Deborah Turness stepped down following criticism that a Panorama documentary misrepresented Trump’s words. The clip made it seem he urged supporters to march on the Capitol, while the actual speech included calls for a peaceful demonstration. Key details about the timeline of events were also omitted.

BBC chairman Samir Shah said he will apologise to the UK Parliament’s media committee. The resignations have drawn sharp reactions, including praise from Trump, who called the broadcaster “dishonest.”

The episode has raised questions about media trust and editorial standards at one of Britain’s most important public institutions.

Also Read: China eases export controls on auto chips

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India’s Top Philanthropists Give ₹10,380 Cr

India’s wealthiest are giving bigger donations than ever, with a clear focus on education and social impact. According to the EdelGive Hurun India Philanthropy List 2025, total contributions by the country’s top philanthropists rose to ₹10,380 crore in 2024–25, up 85% over three years.

Shiv Nadar, founder of HCL Technologies, tops the list, donating ₹2,708 crore this year, around ₹7.4 crore per day. Over the past five years, Nadar and his family have contributed more than ₹10,120 crore, mainly through the Shiv Nadar Foundation, which supports education and social development.

Mukesh Ambani and family are second, giving ₹626 crore, largely through the Reliance Foundation, for healthcare, rural development, and education. Gautam Adani donated ₹376 crore, followed by Nandan Nilekani with ₹304 crore. Other top donors include the Hinduja family (₹298 crore), Rohini Nilekani (₹204 crore), India’s leading woman philanthropist, Sudhir and Samir Mehta (₹189 crore), and Cyrus and Adar Poonawalla (₹173 crore).

The top 25 donors have contributed nearly ₹50,000 crore in the past three years, averaging about ₹46 crore per day. Education remains the largest focus, followed by skills development and community healthcare.

Experts say the rise in structured philanthropy shows that India’s wealthy are increasingly aiming for long-term social impact, rather than one-off charity. By using foundations and institutional channels, donations are becoming more transparent, measurable, and aligned with national development goals. Large-scale contributions like these could play a crucial role in strengthening India’s education, healthcare, and research systems.

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Delhivery CFO Amit Agarwal Resigns

Logistics company Delhivery announced on Wednesday that its Chief Financial Officer Amit Agarwal has resigned from his position and will step down on December 31, 2025.

Agarwal, who has been with Delhivery for over 13 years, has served as the company’s CFO since January 2019 and played a key role in shaping its financial strategy during its growth and post-listing phases.

Vivek Pabari, who currently heads corporate finance, investor relations and treasury, will replace Agrawal and has been with the company since June 2021.

Delhivery reported a net loss of ₹50.38 crore for the September quarter (Q2 FY26), compared to a profit of ₹10.2 crore in the same period last year. However, the company’s revenue from operations rose 16.9% year-on-year to ₹2,559.3 crore from ₹2,189.7 crore, reflecting continued business momentum despite margin pressures.

While Agrawal cited personal reasons for his resignation, the company said the leadership transition is part of a planned move aimed at ensuring business continuity and driving its long-term growth strategy.

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India Nears Top Three Globally, FM Sitharaman

India is steadily advancing toward becoming the third-largest economy in the world, Finance Minister Nirmala Sitharaman said, underlining the country’s impressive economic progress over the past decade.

Speaking at the Delhi School of Economics, she noted that India was the tenth-largest economy in 2014. Today, it ranks fifth globally, and with sustained growth, it is poised to move even higher, edging closer to joining the top three alongside the United States and China.

Sitharaman stressed that India’s growth is not just about numbers. An estimated 25 million people have been lifted out of multi-dimensional poverty in recent years, highlighting the social impact of economic development. Government reforms, infrastructure investments, and policies aimed at inclusive growth have all contributed to these achievements, she added.

The Finance Minister also pointed to significant improvements in India’s financial sector. Public sector banks are stronger today, with the long-standing twin balance sheet problem, which had strained both banks and corporate borrowers, largely resolved. This healthier banking environment is expected to boost investment, stimulate job creation, and support further economic expansion.

On fiscal management, Sitharaman noted that the government is on track to meet its fiscal deficit target of 4.4% of GDP (₹15.69 lakh crore) for FY 2025‑26, reflecting a commitment to balancing growth with fiscal responsibility. Analysts say that maintaining fiscal discipline while encouraging investment and consumption is critical to sustaining the momentum toward becoming a top-three economy.

India’s rise in global economic rankings carries broader implications. Achieving third-largest status would enhance the country’s international influence, increase foreign investment, and create more resources for sectors such as healthcare, education, and infrastructure.

Yet challenges remain: continued reforms, improved productivity, job creation, and careful navigation of global uncertainties, including inflation, commodity price volatility, and geopolitical risks, will be essential to secure this trajectory.

Sitharaman’s remarks underline that India’s growth strategy aims to combine economic scale with social progress, ensuring that prosperity reaches citizens across the country while strengthening the nation’s global standing.

Also Read: China lifts 24% US tariff, keeps 10%

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Hinduja Group Chairman Dies At 85 In London

Gopichand P Hinduja, the chairman of the Hinduja Group, died in a London hospital on Tuesday. He was 85.

Gopichand Hinduja joined the family business in 1950 and played a key role in expanding the group’s footprint across automotive, banking and finance, IT, healthcare, power, real estate, and media sectors. The group’s flagship companies include Ashok Leyland, IndusInd Bank, and NXTDIGITAL.

Known as ‘GP’ in business circles, Gopichand graduated from Bombay Jai Hind College and held honorary doctorate degrees from the University of Westminster and Richmond College, according to the company’s website.

The Sunday Times Rich List 2025 ranked the Hinduja family as the UK’s richest, with a fortune of £32.3 billion. Gopichand Hinduja is survived by his wife Sunita, two sons Sanjay and Dheeraj, and a daughter Rita.

The Hinduja Group has businesses in eleven sectors, including automotive, banking and finance, IT, healthcare, real estate, power, and media and entertainment. Some of its well-known brands include Ashok Leyland, IndusInd Bank, and NXTDIGITAL Limited.

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SpiceJet names ex-IndiGo Sanjay Kumar as Executive Director

SpiceJet has appointed former IndiGo executive Sanjay Kumar as Executive Director to be entrusted with leading growth initiatives and optimizing operations.

With over three decades of aviation experience, Kumar will report directly to Chairman Ajay Singh, effective November 3, 2025.

Kumar’s appointment comes after the airline posted a net loss in the first quarter of FY26 and tackles financial and operational hurdles, seeking a turnaround through fleet expansion and debt restructuring.

Kumar has earlier served in key positions, including Chief Commercial Officer and Chief Strategy & Revenue Officer at IndiGo, and held leadership roles as President & CEO at InterGlobe Technology Quotient and Chief Operating Officer at AirAsia India.

SpiceJet recently announced that it will run 250 flights daily in its Winter 2025 schedule, up from 125 daily flights last summer and 150 daily flights in the previous winter season.

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Goldman, JPMorgan CEOs Flag US Debt Risks

Goldman Sachs CEO David Solomon has joined JPMorgan Chase chief Jamie Dimon in warning that the United States’ swelling national debt could pose long-term risks to economic stability if growth fails to keep pace.

Speaking at the Economic Club of Washington, Solomon said the US debt, now exceeding $38 trillion, is less alarming for its size than for its rising debt-to-GDP ratio. “If we continue on the current course and don’t take the growth level up, there will be a reckoning,” he said.

He stressed that the issue is not yet a crisis but called for stronger productivity to sustain fiscal health. Solomon sees technology and artificial intelligence as key growth drivers capable of lifting output and offsetting debt pressures. “The path out is a growth path,” he noted, urging that AI be embedded across industries to enhance efficiency.

His comments align with Dimon’s long-standing warnings that unchecked borrowing could eventually unsettle bond markets. The JPMorgan CEO has cautioned that “one day, the bond markets are gonna have a tough time,” though the timing is uncertain. He advocates growth-oriented reforms, including regulatory simplification and workforce development, to rebuild fiscal resilience.

Dimon has also criticised market complacency despite the US losing its triple-A credit rating this year. Analysts warn that rising interest costs and persistent deficits could restrict future government spending flexibility.

Both executives agree the US remains economically strong but must act before confidence erodes. “The US  is still the best house in a tough neighbourhood,” Solomon said, “but we can’t ignore the cracks in the foundation.”

Also Read: Adani Power Invokes Arbitration Clause in Bangladesh Dispute

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Colliers India and ME CMD Sankey Prasad Quits

After a distinguished tenure, Sankey Prasad has stepped down from his role as Chairman and Managing Director of both Colliers India and Colliers Project Leaders, marking the end of a significant chapter in his leadership career.

His resignation comes as the global property services firm prepares to usher in new leadership across its India and Middle East operations.

Prasad’s departure was announced in a statement issued on October 28, 2025, in which he expressed his intention to shift his focus toward entrepreneurial ventures and to provide strategic board-level advisory support to clients across the real estate, infrastructure and capital-projects domains.

The statement noted that while he is relinquishing his executive leadership roles, he will continue to hold a stake in the Middle East business of Colliers Project Leaders.

Prasad’s tenure at Colliers included leading the company’s project-management and design-build consultancy business in India and expanding his remit to the Middle East.

He built a track record of overseeing large-scale assignments and driving growth in new geographies, having earlier founded one of India’s largest project-management firms and integrating it into Colliers after an acquisition.

Under his stewardship, Colliers India diversified its service offering, scaled operations across real-estate asset classes and strengthened its regional footprint.

The firm will now look to maintain momentum under new executives who will step in to carry forward the growth agenda set during Prasad’s era.

While details of his successor have not yet been publicly announced, the company has signalled that its India business and Middle East project-management operations will continue to support large-scale developer and investor mandates across emerging markets.

Prasad’s next phase, as he described it, will center on selective entrepreneurial opportunities and providing high-level advisory input to developers, infrastructure firms and investors working across India, the Middle East and North Africa.

By repositioning himself as a strategic adviser and entrepreneur, he aims to harness his decades of industry experience and his deep understanding of large capital-project delivery to new ventures and board roles.

Industry observers view Prasad’s exit from day-to-day operations as natural in a leader’s career arc, but one whose timing is telling given the current inflection point in real-estate and capital-projects markets in India and the Gulf region.

His shift away from full-time executive responsibilities suggests a move toward ecosystem leadership—supporting transformation, advising on governance and guiding growth rather than managing operational execution.

For Colliers, the departure of a leader with both local market depth and a global mindset means it now must balance continuity with change.

Ensuring the transition is smooth and that client relationships remain anchored will be critical, especially as the firm competes for large-scale contracts and seeks to capture the next wave of project-management growth in emerging markets.

As Prasad begins the next chapter of his professional journey, his decision to pivot into entrepreneurship and strategic advisory underscores the evolving role senior executives play in real estate and infrastructure: moving from operators to orchestrators, from build-outs to boardrooms.

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