Economy news

• Berkshire Hathaway Q2 earnings: Profit rises 16% to $12.98 billion as buybacks accelerate

  08-08-2026 17:59 via timesofindia.indiatimes.com
  
  Berkshire Hathaway showcased impressive growth in its second-quarter results, with notable increases in both operating profit and net income. While revenue surged, the company's cash reserves took a hit from recent stock buybacks. Although Geico struggled, profits rose in BNSF Railway and other sectors. Under the leadership of Greg Abel, the company ramped up share repurchases and made significant investments in stocks during this period.
  
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• Kavach: What makes Indian Railways indigenous world-class tech special

  08-08-2026 16:22 via timesofindia.indiatimes.com
  
  Indian Railways is prioritising Kavach deployment on high-density and highly used network routes, which carry nearly 96% of railway traffic. Now, the next-generation Kavach 5.0 is being developed for suburban rail operations with an aim to support higher train frequencies.
  
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• Why NBFC gold loans are growing nearly 70% despite tighter RBI regulations

  08-08-2026 13:29 via timesofindia.indiatimes.com
  
  Non-banking financial company gold loans grew nearly seventy percent year-on-year. This expansion significantly outpaced overall retail credit growth for these institutions. The Reserve Bank of India had introduced new rules for gold lending practices. Despite regulatory scrutiny, demand for gold-backed credit remained robust. Credit growth in industry and services sectors showed moderation during this period.
  
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• 100% tariffs on India soon? US Senate clears Russia sanctions bill; 10 things to know

  08-08-2026 06:38 via timesofindia.indiatimes.com
  
  The US Senate approved a bill allowing President Trump to impose tariffs on nations buying Russian energy. India could face up to 100% tariffs on its goods if the bill becomes law. This legislation pressures countries to choose between US markets and Russian energy purchases. India has increased its Russian oil imports for energy security and cost reduction. The bill now moves to the House of Representatives for further consideration.
  
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