Jeff Bezos, Amazon

It's a self-funding incubator that ruthlessly kills the ventures that don't work

Barry Ritholtz : Woe to those disrupted by Amazon

Bloomberg

Image via Shutterstock

Well, the Brits have really done it now. All the experts told us people in the UK were smart enough to see that voting to leave the European Union was a mistake - but not to worry because the referendum was going to lose. I once again must invoke the wisdom of screen writer William Goldman, who as regular readers will know summed up almost everything  you need to know with the world's three most important words (no, not those words - see Item 7 below). That said, here's how I see it:1. London, get used to itIt was a back and forth between New York and London in the bidding to be the capital of capitalism. That race just ended. This may be good for New York and Hong Kong in some abstract way, but more likely the centre of European financial gravity will shift to Geneva or Brussels or Frankfurt; or maybe no one city replaces London and financial power is scattered all over Europe. London's ambition to be the world's most important city is now over. Expect it to become more like Colonial

Eight things to know about the UK vote

The agreement is likely to be the defining foreign policy achievement of the Obama administration

Something to like in the Iran deal

Greece never should have been in the euro zone in the first place. There is no easy end in sight for the absurd dance Greece has found itself stuck in with its European colleagues. It needs to start fresh

Barry Ritholtz: The solution is simple - Let Greece go

Kamath will represent India at EY World Entrepreneur Of The Year Award (WEOY) in Monte Carlo to be held in June 2025

Zerodha’s chief executive officer Nithin Kamath

Zerodha's chief executive officer Nithin Kamath

Jaipur (Rajasthan) [India], March 5: The prestigious Everest Better Kitchen Culinary Challenge (EverestBKCC) Season 6 concluded in Jaipur after hosting regional rounds in 17 cities across India, covering East to West and North to South. Over 10,000 students from 250+ hotel management institutes nationwide participated, showcasing their culinary skills and creativity.


EverestBKCC Season 6 Concludes in Jaipur with Sabeer Mandal Crowned as National Champion

New Delhi [India], March 5: This Women's Day, FlowerAura is celebrating the essence of individuality with its latest campaign--Redefining BeYOUtiful. Moving beyond conventional beauty standards, the brand is celebrating the uniqueness of every woman, embracing her strength, resilience, and grace.The campaign serves as a reminder that beauty is not just about appearance but about confidence, kindness, and the courage to be oneself.

FlowerAura Redefines Beauty This Women\'s Day with \'BeYOUtiful\' Campaign

Bengaluru (Karnataka) [India], March 5: JAIN (Deemed-to-be University), Center for Management Studies (CMS), a name synonymous with academic excellence and industry-aligned education, proudly announces its Bachelor of Business Administration (BBA) (Honours / Honours with Research) in Global Business for the academic year 2025-26.

JAIN (Deemed-to-be University) Introduces BBA in Global Business: Pioneering Global Leaders of Tomorrow

The National Company Law Tribunal has dismissed the demerger scheme filed by Talwandi Sabo Power Ltd (TSPL) after objections were raised by SEPCO, a creditor of TSPL, in relation to the demerger of Vedanta.
The Mumbai bench of NCLT in its ruling on Tuesday said, "...keeping in view the facts and circumstances of the present case, we deem it appropriate to reject the scheme presented by the Applicant under Section 230 of the Companies Act."
It further observed that "...material facts have not been disclosed by the Applicant company, violating Section 230 (2)(a) of the Companies Act, 2013, which in our considered opinion is bound to prejudice the public interest at large."
The decision came after China-based  SEPCO Electric Power Construction Corporation raised objections to the demerger, saying that the power unit had deliberately excluded their outstanding debt of Rs 1,251 crore from the list of creditors.
SEPCO opposed the scheme, alleging that TSPL had concealed material informat

Vedanta's Sterlite Copper plant

Sensex Today | Stock Market Highlights: Broader indices mirrored the benchmarks, with small-cap shares leading the charge as the Nifty Smallcap100 index ended higher by 2.96 per cent

Indian markets

According to Ambreesh Baliga, an independent analyst, "It's essentially a pullback rally following a prolonged decline in the Indian market."

Bull, Bull market

US President Donald Trump defends tariffs, says India imposes over 100 per cent auto tariff, calls trade policies of EU, China, Brazil, Mexico, and Canada 'unfair'

Donald Trump, Trump

Trump's Congress Address highlights: Donald Trump, the 47th US President, arrived at the Capitol for the first Congress address ever since his inauguration in January

US President Donald Trump announced that the country would implement reciprocal tariffs on multiple nations beginning April 2

Donald Trump

iPad Air with M3 is available for pre-order from March 4, with availability slated for March 12. It is offered in 11-inch and 13-inch display options and blue, purple, starlight, and space grey colour

Apple iPad Air with M3 with new Magic Keyboard

The Local Meteorological Station here has issued an orange warning for heavy rain and snow, coupled with thunderstorms and lightning, at isolated places in Himachal Pradesh on March 3.
This comes even as the weather remained dry in the state and maximum temperatures rose significantly on Sunday..
The orange alert has been issued for Chamba, Kangra and Lahaul and Spiti on March 3 due to the cumulative effects of previous heavy snowfall and rain on February 26, 27 and 28, the MeT station said.
Revenue Minister Jagat Singh Negi said that restoration works continued in full swing even on Sunday. Currently, 365 roads and three national highways remain closed, and 1,377 power transformers and 269 water supply schemes have been disrupted.
He added that avalanches occurred at some places, but there was no loss of life or property. However, one person, identified as Sant Ram, fell into Jodh Nallah near Saach in the tribal Pangi valley.
He was rescued by local people, who worked hard to bri

Rain, Delhi Rains, Monsoon

Check Champions Trophy 2025 2nd semi-final teams, date, time and live streaming and telecast details here.

Champions Trophy

Punjab Police on Sunday conducted raids at 510 locations in an anti-drug drive, leading to the arrest of 43 smugglers, an officer said.
In the two days of the drive, 333 such people have been nabbed and 27 first information reports (FIRs) registered across the state.
Police also recovered 776 grams of heroin, 14 kg of opium, 38 kg of poppy husk, 2,615 intoxicant tablets and Rs 4.60 lakh in cash from these smugglers, the officer said.
Punjab Chief Minister Bhagwant Mann had on Friday set a deadline of three months to make the state drug-free. The state government has also constituted a five-member cabinet sub-committee to monitor action against the scourge of drugs.
Special Director General of Police Arpit Shukla said over 300 police teams, comprising over 2,000 personnel, conducted raids across the state and checked as many as 619 suspicious persons during the daylong operation.

Representative image by rawpixel.com on Freepik

Criminal in handcuffs

The National Commission acknowledged that the complainant, a retiree, couldn't afford a 10-year annual premium and concluded that the agent had misled him

insurance

Maharashtra Chief Minister Devendra Fadnavis on Sunday scoffed at speculations of a cold war between him and his deputy Eknath Shinde, and mocked Shiv Sena (UBT) leader Sanjay Raut, quipping he wants to compete with Salim-Javed, the legendary screenwriting duo.
He was addressing a press conference with deputy CMs Shinde and Ajit Pawar after a cabinet meeting and customary tea party ahead of the four-week budget session of the assembly, which begins on Monday.
There is no war. Those who know both of us will remember what we do when we are together, said Fadnavis, pointing to their meetings before Shinde's rebellion split the undivided Shiv Sena and sunk the Maha Vikas Aghadi government in 2022.
While Fadnavis maintained that all partners of ruling Mahayuti  BJP, Shiv Sena and NCP  are working unitedly, Shinde chipped in, Everything is thanda thanda, cool cool.
Shinde, who heads the Shiv Sena, said the budget session will be the first House proceedings of the new government after ...

Devendra Fadnavis, Devendra, Fadnavis

The order was passed by a single bench of Justice Shivkumar Dige, who noted that the special court's order of March 1 was passed mechanically, without going into the details

Sebi Chairperson Madhabi Puri Buch (Photo: PTI)

Sebi Chairperson Madhabi Puri Buch

Sensex Today | Stock Market Highlights, March 4: Among the broader markets, the Nifty Smallcap100, and Nifty Midcap100 indices settled higher by 0.69 per cent, and 0.05 per cent respectively

Stock Market, BSE, Nifty, Capital

India's exporters are already under dire threat from the US. That only makes it more important that they should not be attacked from the domestic side. QCOs must be eliminated immediately

Quality Control Orders

At Business Standard Manthan 2025, Samir Arora set the cat among the pigeons when he argued for the abolition of capital gains tax to bring back FIIs to Indian markets

Samir Arora at BS Manthan

Factory production accelerated in February from the previous month, while total new orders increased at the quickest pace in three months

Barry Ritholtz

Barry Ritholtz

Barry Ritholtz

Amazon is a variant of Apple Inc - a disruptor of businesses

Eight things to know about the UK vote

Something to like in the Iran deal

Barry Ritholtz: The solution is simple - Let Greece go

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Zerodha founder Nithin Kamath named EY entrepreneur of the year 2024

EverestBKCC Season 6 Concludes in Jaipur with Sabeer Mandal Crowned as National Champion

FlowerAura Redefines Beauty This Women's Day with 'BeYOUtiful' Campaign

JAIN (Deemed-to-be University) Introduces BBA in Global Business: Pioneering Global Leaders of Tomorrow

NCLT rejects Talwandi Power's demerger in Vedanta restructuring plan

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