Billionaire investor Warren Buffett sought to turn attention from the rising US debt to the fiscal deficit, which he said could be a trouble area, since it is not in control of the Fed chair Jerome Powell. “I don’t worry about the quantity of debt, I worry about the fiscal deficit,” Warren Buffett said at Berkshire Hathaway’s annual shareholder meeting in Omaha.
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Kotak Mahindra Bank showcased robust profit and net interest income (NII) figures for Q4FY24, yet faced margin challenges due to escalating cost of funds. During the post-earnings analyst call, the management indicated that it expects cost of funds to stabilise gradually in the coming quarters, subjected to external rate movements.
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Gold And Silver Rate Today: Gold prices saw a slight decrease on Sunday. The cost of 24 carat gold is Rs.7318.4 per gm down by Rs.72.0.The cost of 22 carat gold is Rs. 6703.7 per gm down by Rs.65.0.The price change in 24 carat gold in the last one week has been 0.59% .whereas in the last month it has been -2.12%. The cost of silver is Rs. 83500.0 per kg.
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