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Berkshire Hathaway has revealed its latest investments in a regulatory filing, cutting exposure to equities as it devoted more resources elsewhere. The financial services giant exited investments in Bank of New York Mellon, Taiwanese chip manufacturer TSMC, US Bancorp and furniture chain RH. However, it also revealed a new $41.3m stake in Diageo and an investment in Capital One Financial, which led shares of the bank to rise 5.7% in after-hours trading. The company ended March with $130.6bn in cash and equivalents.

Bharat Heavy Electricals (BHEL), Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), and Punjab National Bank (PNB) are among the four stocks that are under F&O ban for trading on Tuesday. Future & Options (F&O) contracts enter a ban period when open interest (OI) on it exceeds 95% of the market-wide position limits (MWPL), and the ban is reversed only if the OI falls below 80%. Traders who trade in indices will not face the ban. Indian markets closed in the green.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

This will pave the way for the Centre’s bid to establish India as a global hub for semiconductors.

The establishment of a derivatives trading platform by the Clearing Corporation of India (CCIL) in 2015 has played a large role in bringing hitherto reluctant public sector banks into the trading fold for derivatives. A broad push towards defter management of interest rate risk too contributed.

India may set up a panel to identify public sector banks that can be privatized, including mid- and small-sized ones. The move comes after state-owned lenders turned profitable and several rounds of consolidation reduced the number of banks. The committee, which may include officials from the Department of Investment and Public Asset Management, the RBI and Niti Aayog, will determine quantum of stake sale.

Driven largely by base effect, headline retail CPI inflation is expected to drop further with the JUne quarter inflation below 5 percent. The Reserve Bank in its April policy statement projected CPI inflation at 5.2 per cent for 2023-24, with April-June Q1 at 5.1 per cent.

Market-linked debentures (MLDs) that were earlier taxed at 10% after a holding period of more than a year are now taxed at marginal tax rates. Even investments in debt mutual funds are now taxed at marginal tax rates without any indexation benefits, irrespective of the duration of the investments.

The regulator also rejected a claim by a petitioner that it had been investigating the Adani Group since 2016. None of the Adani listed companies were part of the 51 investigated in relation to the issuance of global depository receipts (GDRs) at that time, it told the court on Monday in an affidavit.

Multiplex chain operator PVR Inox has reported a net loss of Rs 333 crore for the quarter ended March. Revenue from operations during the fourth quarter more than doubled to Rs 1,143 crore.