Vodafone Idea (Vi) clarified on Wednesday that it has not received any communication from the government regarding any relief on its ₹87,695 crore statutory dues. Earlier in the day, reports emerged that the Union Cabinet approved a five-year interest-free moratorium for the dues linked to adjusted gross revenue. Shares of the company ended around 11% lower.

Shares of Warren Buffett's Berkshire Hathaway have compounded at roughly 19.8% to 19.9% annually since he took control of the firm in 1965. In comparison, the S&P 500 has given 10.4% returns, including dividends, NDTV Profit reported. A $1,000 investment in Berkshire in 1965 would be worth over $55 million by the mid-2020s, compared to roughly $390,000 for the index.

Warren Buffett, who is set to step down as the chairperson of Berkshire Hathaway, has shared several investing strategies over the years. Some of his investing rules are to buy what one can understand, think long-term in businesses, choose quality over cheap price, and look for strong management. Focusing on fundamentals while ignoring market hype is another investing rule.

The Enforcement Directorate has attached a property worth ₹150 crore near Buckingham Palace in London in a money laundering case involving textile businessman Nitin Kasliwal and his company S Kumars Nationwide. Kasliwal is accused of defrauding a consortium of banks of ₹1,400 crore, ED said. It added that Kasliwal diverted the funds outside India to buy immovable assets.

Florida Governor Ron DeSantis criticised Washington over its bad policies, claiming that billionaire Jeff Bezos moved away from the state due to that. "The state of Washington lost its biggest taxpayer- Jeff Bezos- to Florida. That's not 'just talk'. That relocation alone has had a major impact on the...state's budget," DeSantis said. "Enacting income tax would be counterproductive," he added.

Telangana Labour Minister Vivek Venkatswamy said gig workers nationwide are facing rising work pressure. He said the state has approved Gig and Platform Workers Welfare Bill (2025) and demanded Centre's intervention into the matter. "Gig workers are suffering due to increasing aggressiveness of aggregators...If they meet with accident while delivering goods, they're left without support," he said.

OpenAI and former Apple chief designer Jony Ive are reportedly planning to launch an AI-powered pen. According to industry tipster 'Smart Pikachu', the project is internally known as 'Gumdrop' and could have Foxconn as the manufacturer. If produced, this would be first hardware product of the ChatGPT maker. Another project, which is reportedly under consideration, is a "to-go" audio device.

Pavna Industries' shares surged 14.75% to ₹24.12 on Wednesday, backed by a five-fold volume spike. The automotive component manufacturer reported a Q2FY26 turnaround, with sales rising 23% to ₹74.15 crore and a net profit of ₹1.68 crore. Additionally, the company is expanding in Uttar Pradesh with a planned ₹250 crore investment and strategic land acquisitions.

PSU banks have transitioned from market laggards to leaders, with the Nifty PSU Bank index delivering 193% returns since 2021. This revival, fueled by massive balance sheet cleanups and record profits, saw a 25% gain in 2025 alone. Led by giants like SBI and standout performers like Indian Bank, the sector now dominates through high-yield lending and disciplined debt recovery.

L&T Finance emerged as 2025’s premier mid-cap success, delivering 130% return by pivoting to 98% retail-focused model. Driven by AI-powered underwriting and strategic digital partnerships, it achieved record disbursements and industry-leading collection efficiency. With expansion into gold finance and 44.8% profit CAGR, LTF transitioned from a traditional lender into a tech-driven powerhouse.