Ajit Jain News

Ajit Jain is just like a Sergeant in the Warren Buffet business empire but his recent action hinted trouble for the billionaire and his massive fortune. Recent reports reveal that Jain ended up selling off nearly half his stake in the company last week, and the reasons for the same are not entirely clear. Meanwhile, Berkshire Hathaway is reportedly mum on the issue, leading to potential alarm bells for the stock markets as well.

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone

Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone, but Buffett said for the first time Saturday that Greg Abel should also take responsibility for the company's investments after he takes over, raising new questions about the succession plan. Abel put his encyclopedic knowledge of the utility business that he led directly for years on display and delved into railroad operations and potential acquisitions that Berkshire pursued while sharing the stage with Buffett all day.

Warren Buffett will command centrestage at Berkshire Hathaway's annual meeting on Saturday, but someone who won't be there is his influential sidekick Charlie Munger. The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November.

By Jonathan Stempel

Anant Ambani and Radhika Merchant as pre-wedding festivities will take place in Jamnagar, Gujarat from March 1 to March 3. The functions are expected to take place in a traditional yet grand way.

Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining the spotlight on managers who have largely operated in their shadow. Few companies have been so closely associated with their leaders as Berkshire has with Buffett and Munger, who knew each other for more than six decades, the last 45 years as the Omaha, Nebraska-based conglomerate's chairman and vice chairman. Munger's death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett's top advisers and sounding boards. They became vice chairmen in 2018, started taking a more prominent public role only at the most recent of Berkshire's annual meetings, and will have bigger boots to fill than at almost any other company. Managers have said Abel fully embraces Berkshire's culture, which includes an extreme decentralization that gives business units broad autonomy. That means big units such as the BNSF railroad and Geico car insurer, each with tens of thousands of employees, and small units such as Borsheims jewelry, with about 142 employees, can run without interference from Berkshire headquarters, which employs only about 26 people. But Abel and Jain have different styles from Buffett and Munger. At the 2021 annual meeting, Jain was asked how he and Abel interact with each other. «There is no question that the relationship Warren has with Charlie is unique and it's not going to be duplicated,» Jain said. «We don't interact with each other as often as Warren and Charlie do.

By Jonathan Stempel

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Anshu Jain, an Indian-born investment banker who rose to the role of co-CEO at Deutsche Bank, died last night after a long battle with cancer, his family announced in a statement Saturday. He was 59 years old.

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