News from November 15, 2025

Technology

J-K: Jal Jeevan Mission brings tap water to every household in Phalni panchayat

Rajouri (Jammu and Kashmir) [India], November 15 (ANI): The Jal Jeevan Mission (JJM) has successfully reached every household in Phalni panchayat, Budhal block, Rajouri district, bringing a significant relief to residents who previously faced acute water scarcity. The Jal Jeevan Mission has been successfully implemented at Phalni panchayat, located at the foothills of the Pir Panjal range, which previously faced acute water scarcity, forcing people to travel long distances to fetch water. The government's Jal Jeevan Mission has had a significant impact on the community. Now, every household has a tap water facility, providing clean drinking water. Aqsar Ali, an employee at the Jal Jeevan Mission, stated that all residences in the Phalni panchayat now have access to clean tap water. 'We have 6-7 administrative officers from Jal Jeevan Mission... Water is flowing in all seven wards... There is no problem of any kind in any ward... Water is flowing in the taps of every house in Phalni panchayat...' he said. The quality of life has remarkably improved, especially for the women, who no longer have to travel for miles to fetch water. The residents expressed happiness while acknowledging the positive change and extended gratitude towards the government for the facility. Mohd Rasheed, a local, shared, 'Earlier we had a lot of problems with water... Earlier, we used to fetch water in buckets from a distance... Now water is coming everywhere... We are very happy.' Another local, Farheena Kousar, said, 'The scheme has significantly benefitted us...We used to struggle to get water before, now every household has clean running water... We don't face any problems now... Water is available 24 hours now.' The Jal Jeevan Mission's success in Phalni panchayat is a testament to effective implementation, bringing comfort and relief to the community. Under this scheme, every household has been provided with clean tap water. The residents recall that life was way more difficult earlier, but now the people of the Pir Panjal region are living more comfortably. (ANI)

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Technology

Swedish submarine rescue ship HMS Belos arrives in Turku

HMS Belos, a Swedish submarine rescue ship, arrived in Turku Port on Friday on a three-day routine visit, said Finnish Defence Forces in a press release. During the visit, Finnish and Swedish divers will train together, practising diving activities with HMS Belos in the Gulf of Finland. The Swedish divers have introduced the HMS Belos diving system to their Finnish colleagues earlier and the divers have the ability to act for example in submarine accidents. “This cooperation enhances our readiness to respond to underwater sabotage, for example,” Chief of Staff of the Coastal Fleet, Commander Toni Joutsia said. There was diver cooperation also when investigating the cable damages in the Gulf of Finland. The anchor of Eagle S oil tanker was recovered by the HMS Belos in January 2025. The vessel will not be open to the people. The visit will be hosted by the Coastal Fleet.

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Health

Severe nausea during pregnancy linked to depression: study

A recent study conducted at the University of Turku in Finland showed that hyperemesis gravidarum, a severe form of nausea that occurs during pregnancy, is linked to depression, said the university in a press release on Friday. Women who experienced severe nausea were more likely to have depression both before and after pregnancy and to receive an earlier diagnosis of depression after pregnancy. Hyperemesis gravidarum is associated with severe nausea and vomiting during pregnancy that prevent a person from eating and drinking normally and make everyday life extremely difficult. It occurs in 0.3 to 3.6 percent of all pregnancies and is the most common cause of hospitalisation in the first trimester of pregnancy. In addition to the physical effects, severe nausea in pregnancy carries a considerable psychosocial burden. However, information on its association with psychiatric illness has been limited so far. Researchers at the University of Turku conducted a Finnish nationwide register-based study that found an association between severe nausea during pregnancy and depression. This is the first time this association has been identified, and it was also found to be bidirectional, meaning that severe nausea during pregnancy is associated with depression both before and after the pregnancy. The study analysed register data from over 437,000 Finnish women from 2004 to 2017. The results show that 8.8 percent of women with severe nausea during pregnancy had depression before pregnancy, compared to 1.0 percent in the control group. This means that these women were more than five times as likely to experience depression before pregnancy. In addition, they were also about 3.5 times more likely to develop new, previously undiagnosed depression after childbirth: 4.9 percent were diagnosed with a new-onset depression after childbirth, compared to 1.0 percent in the control group. After giving birth, depression was also diagnosed earlier in women who had suffered from severe nausea during pregnancy compared to others. On an average, depression was diagnosed 3.3 years after delivery in women with severe nausea during pregnancy, compared with an average of 4.5 years after delivery in their controls. The study suggested that severe nausea during pregnancy and depression may have shared biological mechanisms. The findings highlighted the importance of systematic psychiatric screening during and after pregnancy, and the need for a multidisciplinary approach to care. “Our research shows that severe nausea in pregnancy is not only a physically stressful condition, but also a significant mental health risk factor. The results emphasise the need for improved collaboration between psychiatry, gynaecology, and primary care. Our aim is also to raise awareness and improve access to support for these patients,” said Doctoral Researcher Eeva Terävä-Utti of the University of Turku. The study was part of a larger LopuJo study led by Professor, Specialist in Obstetrics and Gynecology Päivi Polo. The research article was published in the journal The Lancet Psychiatry in November 2025.

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Technology

Internationalisation Awards go to 4 companies, Org

President Alexander Stubb on Friday presented the 2025 Internationalisation Awards to four companies and organisations at the Presidential Palace, said the President Office in a press release. The winners are Orion, Sensofusion, Sandvik Mining and Construction and the Finnish Startup Community. The Growth Company Award of the year went to the pharmaceutical company Orion Corporation, known for developing innovations particularly in cancer drugs, neurological treatments and veterinary pharmaceuticals. Together with its German partner Bayer, Orion co-developed a prostate cancer drug that has become a worldwide success. The Newcomer Company Award was presented to Sensofusion, a technology company developing drone detection systems and airspace security solutions. The company serves customers worldwide. Sensofusion was also awarded with the National Entrepreneurial Award earlier this year. The Long-term International Investor Award was granted to Sandvik Mining and Construction Oy, which is part of the Swedish Sandvik Group. In recent years, Sandvik has invested a total of EUR 100 million in the Tampere region. The Community Award of the year was won by The Finnish Startup Community. The community has a total of 273 member startups, many of which have achieved global success. Its main goal is to make Finland the best place in the world to establish and grow startup companies. The Internationalisation Award of the President is a recognition granted each year to Finnish companies that have gained international success, and to the communities behind them. The award dated back to 1967, when its predecessor, the President’s Export Award, was presented for the first time.

Emmi Syrj 1 days ago

Business

Large companies don´t trust in govt’s ability to balance public finances

About 68% of big companies find that Finnish political leadership causes uncertainty for companies, according to a survey commissioned by OP Financial Group. Only a fifth of large corporations believe that public finances are being balanced, said OP in a press release on Friday referring to the Survey of Large Corporations. Of all the measures implemented by the Finnish government, large corporations assess that cuts to corporate tax are the most impactful. Faith in the balancing of public finances is especially being tested. In 2023, when the four-party alliance government led by Prime Minister Petteri Orpo had just started, 36% of large corporations believed that public finances would be balanced. Only 22% believe this now. “During Sanna Marin’s term, less than five per cent of large corporations believed that public finances were improving. While the situation is significantly better with the current government, faith in Orpo’s government is clearly waning. The number of large corporations that believe that public finances are being balanced has fallen by 40% in two years,” said Professor Jaakko Aspara, director of the survey. In its 2025 framework and budget discussions, the Finnish government decided on several measures with the aim of accelerating Finland’s economic growth. Of all the measures implemented by the Finnish government, large corporations assess that lowering corporate tax from 20 to 18% is the most impactful. About two thirds of large corporations estimate that this will increase their desire to grow and invest at least somewhat. About half of the respondents also believed that the reduction in the top marginal taxes from 59 to 52% would increase the desire to grow and make investments. “However, it seems that the government’s measures are still not sufficient incentives for growth. Less than 20 per cent of large corporations believe that these two measures will provide a significant boost and less than 5 per cent believe this will decisively increase corporations’ desire for growth and investments,” said Aspara. The results are based on OP’s annual Survey of Large Corporations, which measures large Finnish company executives’ views on business and economic developments. A total of 155 senior executives representing 139 large Finnish corporations and large subsidiaries operating in Finland responded to the survey. According to their latest certified financial statements, the responding companies have a combined revenue of over 248 billion euros, and they employ over 585,000 people in total. The survey was conducted in autumn 2025. OP carries out the Survey of Large Corporations in partnership with the Nordic Institute of Business and Society (NIBS) think tank founded by Aalto University professors.

Op Financial Group 1 days ago

Sports

Felix Auger-Aliassime joins Jannik Sinner in Nitto ATP Finals semis

(Photo credit: Mike Frey-Imagn Images) After Jannik Sinner finished a clean sweep of the Bjorn Borg Group, Felix Auger-Aliassime punched his ticket to the semifinals of the Nitto ATP Finals with a win over Alexander Zverev on Friday in Turin, Italy. Auger-Aliassime, the eighth seed in the eight-man season finale, earned his second win of the week by taking down the third-seeded German 6-4, 7-6 (4). Both players were 1-1 in group play entering Friday. Now the 25-year-old Canadian is moving on to face top seed Carlos Alcaraz of Spain in the semifinals. 'This is a high-value tournament for players,' said Auger-Aliassime, whose Friday opponent won the ATP Finals in 2018 and 2021. 'It's like a grand finale and when you have a look at the list of champions, there have been many No. 1s. You want to be in the final but I'll have to go through a great player to do that. I will take my chance if I have it.' Auger-Aliassime has made the most of his debut in the event. The only other players to win two matches in the round-robin group stage were Alcaraz and Sinner, each of whom went 3-0. Auger-Aliassime fell to Sinner early in the tournament before rallying to beat Ben Shelton in three sets. On Friday, he hit 11 aces without a double fault against Zverev and saved all four break points he faced. Zverev staved off 6 of 7 break points, but Auger-Aliassime came back from down 4-3 in the second-set tiebreaker to ensure the match wouldn't need a third set. 'It was a great first set. He was getting a few chances but I came up with big serves to save them,' Auger-Aliassime said. 'The first set was very solid and the start of the second set was, too. I had a lot of chances. 'When that happens you need to focus on the present but you're aware of missed opportunities, so the match got a little tense from that moment. But I was able to hold serve and in the tiebreak it was tight till the end.' Sinner completed his sweep of the group by beating Shelton 6-3, 7-6 (3). Shelton was the only player in either group to go 0-3 in Turin. Sinner, who will face Australia's Alex de Minaur in the semis, hit 11 aces without a double fault Friday and had 27 winners and 38 of 47 first-service points won (80.9%). Sinner is the defending champ and is on a collision course with Alcaraz in the final. 'When you come here and win all three round-robin matches, you have to play at a very high level, which I've done,' Sinner said. 'Serving very well in important moments has brought me to this point. It was a very special day playing in front of the home crowd, and against Ben it's always a tough challenge.' --Field Level Media

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Sports

Road-warrior Kings, home-success Senators set for Ottawa clash

(Photo credit: Dan Hamilton-Imagn Images) The Los Angeles Kings will be laying their three-game win streak on the line when they face a difficult road test against the Ottawa Senators on Saturday night. Los Angeles has taken all three decisions during its ongoing six-game road trip, most recently defeating the Toronto Maple Leafs 4-3 in overtime on Thursday. Quinton Byfield buried the overtime winner within the extra frame's opening shift, his second consecutive game-winning goal. Prior to his short scoring streak, Byfield was held goalless in 12 straight contests, while collecting eight assists across that stretch. 'Now we can stop asking the question why he's not scoring.' Kings coach Jim Hiller said about his young star after Thursday's contest. 'You know what, he got the first one in around the net and this one, he's out 30 feet and gets the one-timer. Usually, that's how it goes. You've got to get the ugly one first and then the game opens up for you. In Toronto, I know it's probably special for him, an OT winner in Toronto.' The Kings came back from an early 2-0 deficit thanks to goals from Warren Foegele and Kevin Fiala before Alex Laferriere knotted up the contest in the third period to force overtime. 'Games like that are tough.' Laferriere said when speaking after Thursday's victory. 'When you're behind in the game but you feel like you've been controlling the whole game, it's tough, but I think that shows the resilience from our group to be able to stick with it and not give up on each other and find it there in the end.' The Kings have been world beaters on the road so far this season, tied for the NHL lead with eight victories away from home (8-1-2), while winning each of their previous five road contests. They have a tough task ahead though, as the Senators could snap yet another streak Saturday after putting an end to the Boston Bruins' seven-game win streak on Thursday. Ottawa blew a 3-1 lead against the Bruins before Tim Stutzle netted a pair of third-period goals, including an empty-netter to clinch the 5-3 victory. 'That was a nice win for sure.' Senators coach Travis Green said. 'You know what? Probably one of the harder wins we've had all year. I liked the way our team responded tonight.' Stutzle spearheaded the Senators' winning effort with two goals and an assist, while Dylan Cozens and Claude Giroux each tallied a goal and an assist as Ottawa extended its own point streak to seven games (4-0-3). Shane Pinto also scored for the Senators in his first contest after putting pen to paper on a new four-year, $30 million contract earlier that day. The Senators have been excellent at home this season with a 6-2-2 record and will be closing out their four-game home stand on Saturday before heading out west to commence a seven-game road trip. Los Angeles have gotten the better of the Senators of late, winning seven of the past nine meetings. --Field Level Media

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Sports

Slumping Maple Leafs hope to snap skid against youth-led Blackhawks

(Photo credit: Brian Bradshaw Sevald-Imagn Images) While the slumping Toronto Maple Leafs sense a level of urgency amid a four-game losing streak, coach Craig Berube insists the club is not going to panic. Toronto is without captain Auston Matthews (lower body) entering Saturday's visit to the Chicago Blackhawks, and goaltender Anthony Stolarz is day-to-day, but the Maple Leafs feel confident they can regroup. Two defeats during the skid have been by one goal, including Thursday's 4-3 overtime loss to Los Angeles. 'There's lots of hockey left, but that doesn't mean you don't take any game for granted,' Toronto forward John Tavares said. 'They all mean the same. The more games that go by, there is less runway. We're not even at the quarter mark yet. 'It has been a grind for us. We have to get the other parts of our game going here.' Might Berube suggest starting with quickness and assuredness coming out of the Leafs' defensive zone? 'Advancing that puck up the ice with speed, jumping, getting the holes,' he said. 'It's confidence for me, a little bit, and puck play. 'The plays are there. We're not making them and just not seeing it well enough right now. We have to pick up our pace. We have to be more confident in those plays.' Chicago has been idle since Wednesday, when an attempt to stretch its winning streak to a season-best four games fizzled. Coming off three straight victories to close a six-game trip, the Blackhawks couldn't hold off the New Jersey Devils, falling 4-3 in overtime. Landon Slaggert and Sam Lafferty each recorded go-ahead goals in the third period, the first tallies of the season for both, as Chicago navigated injuries to Jason Dickinson (upper body) and Frank Nazar (mid body) and fellow forward Andre Burakovsky's illness. 'I don't really love moral victories, but it's hard not to say that we've grown,' Blackhawks captain Nick Foligno said. 'This is a game that, in years previous that I've been here, we would've lost by three or four because it would've just crumbled on us.' Wednesday marked the beginning of a four-game homestand for the Blackhawks and a stretch in which they'll play eight of their next nine games at the United Center. Standout efforts from the team's budding stars have helped Chicago play above .500 over the first five weeks of the season. Goaltender Spencer Knight, 24, made 33 saves against New Jersey to keep the team afloat. Connor Bedard, 20, has scored in four consecutive games and has eight goals and 11 assists over a nine-game point streak. 'We have young guys that are taking steps and maturing and realizing how hard it is to win in this league,' Blackhawks forward Ryan Donato said. 'They want to do it now; they don't want to wait.' Toronto's William Nylander, who played in his 700th career game Thursday, has collected 21 points during a 12-game point streak. Teammate Bobby McMann has scored in consecutive games and notched a point in three straight. The Maple Leafs swept the two-game season series from the Blackhawks a year ago, outscoring Chicago 9-3. --Field Level Media

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Sports

Bruins, Habs both looking to bounce back in showdown of rivals

(Photo credit: Marc DesRosiers-Imagn Images) The recipe for a good rivalry typically does not need another dash of spice. With both teams coming off hard losses and sitting tied atop the Atlantic Division standings, it could mean a little something extra when the Montreal Canadiens host the Boston Bruins in the storied rivals' first meeting of the season Saturday night. 'I never really look (at the standings). We had a tough one (Thursday), so we want to get back on track and have a really good game,' Bruins coach Marco Sturm said. 'That's the biggest thing for me. The standings, maybe the end of the season, but that's about it.' Boston had a seven-game win streak snapped with a 5-3 loss against the Ottawa Senators in the first half of its two-game Canadian road trip. Montreal, meanwhile, was handed its second straight setback in a 7-0 rout against the Dallas Stars on home ice. The Bruins had chances in Canada's capital city, clawing back from a 3-1 deficit to tie the game in the third period before allowing two goals in the final 5:43. Thanks in large part to what Sturm described as 'fixable mistakes,' the result was Boston's first loss since Oct. 27, also in Ottawa. 'We kind of shot ourselves in the foot, it felt like,' Bruins forward Morgan Geekie said. 'It's just happened a couple too many times this year to be OK with it. ... We didn't start very well, but I think all game, we got better and better. It's always tough to see those ones slip away.' Geekie has seven points in his last five games and a team-leading 12 goals this season. David Pastrnak has scored in three straight, with his latest goal tying him for fifth on the franchise's career list (402). Both had a goal and an assist on Thursday. Based on Friday's practice, it appears that Boston will swap in Quebec native Jonathan Aspirot on defense, with Henri Jokiharju skating as the extra. The 26-year-old Aspirot has played in his first six career NHL games this season. For Montreal, it has been a tough two-game stretch. On top of scoring just once across consecutive losses since the end of a six-game point streak (4-0-2), goaltenders Sam Montembeault and Jakub Dobes have had a tough week. Montembeault has been struggling (.857 save percentage), so after a 5-1 Tuesday loss to the Los Angeles Kings, Dobes drew the Thursday start and was pulled after allowing five goals on 13 shots in two periods. The Canadiens were shut out for the first time this season despite a 24-19 shot advantage. 'I still think we're a confident group. We're just hitting a little roadblock right now,' Habs coach Martin St. Louis said. 'It happens to every team. And we're going to keep pushing.' To make matters worse, forward Alex Newhook left with a lower-body injury after crashing into the end boards in the second period and underwent surgery Friday to repair a fractured ankle. Newhook, who is tied for second in the Montreal lineup with six goals, trailing only Cole Caufield (12), is expected to miss four months. The Canadiens also announced Friday that defenseman Kaiden Guhle, who has been out the past 12 games, will be out another 8-10 weeks after undergoing surgery Thursday to repair a partially torn adductor muscle. While good goaltending can help turn the tide, Montreal will need more from everyone, especially with a key player like Newhook out for such an extended period. 'It's just like any other two players on our team. They're trying their very best to give everything they can to the success of the team, just like I am,' defenseman and alternate captain Mike Matheson said. 'It's always the fault of the whole team. It's not just one or two players.' --Field Level Media

Unknown 1 days ago

Business

A ‘Make in India’ stock is betting big on a high-tech pivot. Time to look closer?

The air-conditioner that hums quietly in a million Indian homes has a hidden backstory and chances are, it traces back to Amber Enterprises. For decades, Amber lived behind the logos of the brands it supplied to. The company made the guts of air-conditioners. But now, it wants to be more than the anonymous hand behind the machine. It wants to power India’s electronics factories too. It sounds like the perfect Make-in-India story. But in business, transformation stories rarely move in straight lines. Amber’s September quarter results told a sobering truth. Revenue fell 2% year-on-year to Rs 1,647 crore. Operating profit dropped by nearly 24%, with margins at 5%. The company reported a loss of Rs 32 crore, compared to a profit of Rs 21 crore a year ago. For a company that had grown revenue by 44% in the previous quarter, this was a reminder that manufacturing fortunes can change with the weather—literally. The company’s core business, room air-conditioners, suffered from an unusually cool summer and a mistimed GST cut. Customers waited for lower prices and retailers held back on purchases. The entire RAC industry shrank during the quarter. Amber’s revenue from consumer durables fell 18%, which was actually better than most of its peers. Still, a loss is a loss. Management insists the pain is short-term. They believe inventories should normalise by March and the company expects its consumer durables division to grow 13–15% in FY26, helped by its widening product range and a faster-growing commercial AC segment. ALSO READ3 midcap solar stocks to keep on your radar But it’s also true that this is the second straight year where the weather has dictated the P&L more than management strategy. In that sense, Amber’s problem is fundamental. A business that depends on weather and consumer sentiment cannot stay still for long. Amber is learning that. The great diversification For a few years now, Amber has been quietly re-engineering its business model. Its electronics division, once a small supplier of PCBs for inverter ACs, has turned into the company’s main growth engine. Revenue from this division grew 30% year-on-year in the September quarter. The journey began in 2018 with a small printed circuit board assembly (PCBA) unit. Seven years later, Amber makes multi-layer PCBs, power electronics and now complete box-build solutions for industrial automation and energy systems. The change in its ambition is dramatic. The company’s electronics division now contributes around 40% of revenue and management expects it to hit Rs 3,200 crore this year, up from Rs 2,450 crore last year. Over the next few years, it’s targeting $1 billion in annual revenue from electronics alone. Amber is spending big to climb the value chain. It has bought a majority stake in Power-One Micro Systems, a Bengaluru firm making solar inverters, EV chargers and industrial UPS systems, with margins of 17–18%, well above its core business. Around the same time, it announced a 40.2% controlling stake in Israel’s Unitronics, a PLCs and automation software maker with margins near 30%. Together, the deals mark a clear pivot from assembling air conditioners to owning smarter, relatively higher-margin electronics. These are businesses that require deep domain expertise, long gestation and strong global linkages. But they also offer something Amber badly needs—stability. Air-conditioner demand rises and falls with the heat. Factory automation and EV infrastructure are longer-cycle, higher-margin opportunities. Amber is also investing heavily in its own capacity. Its subsidiary has filed for approval under the Electronics Manufacturing Component Scheme (EMCS) for a Rs 990-crore multi-layer PCB plant in Hosur. Construction is progressing, with operations expected to begin by late FY27. A second project, a Rs 3,200-crore joint venture with Korea Circuit in Jewar, Uttar Pradesh, will produce high-density interconnect (HDI) PCBs for advanced electronics and industrial applications. It’s an ambitious plan, but also an expensive one. Capex, cash and consequences Amber plans a Rs 700–850 crore capex this year, mostly for electronics. It raised about Rs 1,370 crore in Q2 through various fundraises, including a Rs 1,000 crore QIP. Despite that, net debt rose to Rs 1,580 crore in September from Rs 1,090 crore in March, as working capital swelled to 95 days after repaying nearly Rs 2,000 crore to suppliers. Management still aims to end the year cash positive and cut working capital to 30–35 days. This is despite large ECMS projects worth Rs 990 crore at Ascent and Rs 3,200 crore at Korea Circuits remain on the horizon. The problem is, when everything is growing, capex, subsidiaries, working capital and finance costs, it’s easy for profitability to lose ground. Brokerages across the board have turned more cautious. After a weak September quarter and rising finance costs from acquisitions, most have cut their earnings estimates for the year. The message is clear: near-term profitability will take longer to catch up with Amber’s expansion plans and the onset of winter is unlikely to make things any easier for its cooling business. For a company now trading at a price-to-earnings multiple of 113, that matters. The market is paying premium valuations for future growth that is still being built brick by brick. At such lofty levels, perfection is already priced in. Any delay in inventory normalization, a slower integration of new businesses, or another round of commodity cost spikes could quickly cool investor enthusiasm. That is what makes Amber’s transformation story fascinating. The market is treating it as a tech-led manufacturing play, the kind that deserves a premium. But on the ground, it remains a cyclical industrial business trying to build new muscle while managing old wounds. The rewards could be significant, but so are the risks. The other engine While electronics draws most of the attention, Amber’s railway and mobility business is quietly building scale. The division contributes about 8% of total revenue and grew 7% year-on-year in the September quarter, backed by an order book worth over Rs 2,600 crore, with another Rs 400–500 crore of new orders expected in the coming quarters. A new plant for train systems is set to start production by March 2026, while another unit for critical rail components will follow in FY27. Management expects this division to double revenue within two years. If that happens, it could provide the stability that Amber’s volatile AC business often lacks. The bigger picture Amber’s ambition fits neatly into the government’s industrial vision of self-reliance in electronics, Make-in-India manufacturing and PLI-linked localization. It’s the kind of story investors love. But industrial policy doesn’t change physics. Big capex plans and supply chains still take time to turn into returns. If the company’s own projections hold, revenue could rise about 20% over the next 2-3 years, with margins improving from roughly 7% in FY25 and 5% in Q2FY25 to just over 8%. The direction is right. But the pace will decide how much of that promise becomes profit. ALSO READIndia’s new defence boom: 5 stocks quietly building drones, radars, and jets In many ways, Amber mirrors India’s manufacturing paradox—spending more before earning more. Diversification isn’t the same as profitability. Investors are paying a premium for what Amber might become. To justify that, it will need to deliver steady cash flows, firmer margins and proof that its electronics pivot can stand on its own without the crutch of air-conditioners. For decades, Amber built the cooling machines of India’s middle class. Now it wants to make the machinery of India’s industrial future. The real test is whether it can keep its finances steady, because at 113 times earnings, even a small chill can shake things up like a cold wave. Disclaimer: Note: We have relied on data from www.Screener.in throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information. The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only. Manvi Aggarwal has been tracking the stock markets for nearly two decades. She spent about eight years as a financial analyst at a value-style fund, managing money for international investors. That’s where she honed her expertise in deep-dive research, looking beyond the obvious to spot value where others didn’t. Now, she brings that same sharp eye to uncovering overlooked and misunderstood investment opportunities in Indian equities. As a columnist for LiveMint and Equitymaster, she breaks down complex financial trends into actionable insights for investors. Disclosure: The writer and her dependents do not hold the stocks discussed in this article. The website managers, its employee(s) and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.

Manvi Aggarwal 1 days ago

Business

“I’m going quiet”: Buffett’s farewell letter isn’t about stocks and it isn’t his last.

“I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting. As the British would say, “I’m ‘going quiet’…”, said Warren Buffett in his final letter to investors. He also added “Greg Abel will become the boss at year end. He is a great manager, a tireless worker and an honest communicator. Wish him an extended tenure.” And the investment world paused and took stock for a moment. The father figure will no longer be imparting wisdom. Many could have felt lost. While Buffett called it a Thanksgiving message, we would want to call it a blueprint for life, money, relationships and everything that comes along. A love letter to every investor who ever dreamt of building something that lasts beyond a lifetime. In eight pages dipped in nostalgia, gratitude, and brutal honesty, Buffett did not talk about P/E ratios or quarterly results. He spoke about childhood nuns, a $2 summer job, fingerprinting nurses, and why he still drives the same old Cadillac. He spoke about luck, death, family, and why Greg Abel, not his children, will run Berkshire. For Indian investors chasing multibagger stocks, IPO frenzy, and 30% CAGR dreams, this letter is a mirror. It hurts. It heals. It changes you. It is a must read! ALSO READLenskart’s ₹70,000 cr IPO: A ‘Stupid Game’ Buffett Would Avoid? Here are 5 hard hitting lessons Indian investors must imprint on their hearts and minds before investing the next rupee. Lesson 1: Thank Your Luck Daily “I was born in 1930 healthy, reasonably intelligent, white, male and in America. Wow! Thank you, Lady Luck.” With this one line, Buffett strips away the myth of the self-made billionaire. Out the window! He reminds us he drew the longest straw at birth. Born in depression-era USA, not war-torn Europe or colonial India. Healthy body, sharp mind, supportive parents, free public schools, and a country that rewarded capital compounding for 80 straight years. But you and me… We were born in the fastest-growing large economy on earth. We have UPI, GST, impressive GDP growth, 140 crore consumers, and the internet in 22 languages. We have SEBI, we have AMFI, demat accounts, and zero brokerage apps. You know what that is? That right there is Lady Luck on steroids. Yet we curse the market when Nifty corrects 10%. We blame the government when interest rates rise. We forget that our grandfathers fought with British weapons while Buffett’s grandfather sold groceries for $2 a day. So, before you make the next trade, whisper “Thank you, India.” Keep a small notebook and write three things daily that Lady Luck gifted you. It could be electricity, internet, peace. Whatever you were gifted with. You will stop panic-selling the next time your favourite stock falls 20%. Lesson 2: Stay Where Your Heart Feels Home Buffett left New York, a place called the Wall Street Mecca, in just about 18 months. He returned to Omaha, bought a $31,500 house in 1958 (Which by the way he still lives in) and built a $1.2 tn business from a city no one voluntarily wanted to visit. And he wasn’t alone. He named quite a few childhood friends who lived a few blocks away. Names like his best friend Charlie Munger, Stan Lipsey, Walter Scott, Don Keough… What do they have in common? They all became legends because they stayed rooted. In India, we worship migration. Mumbai for finance, Bangalore for tech, Singapore for tax, London for status. But ask Radhakishan Damani (DMart) who stayed in Mumbai and never moved to London. Roots give you trust, networks, and mental peace. Three things no algo-trading terminal can buy. It’s priceless. In the letter, Buffett says, “Looking back I feel that both Berkshire and I did better because of our base in Omaha than if I had resided anywhere else.” Imagine writing that at 95. Which makes me think what would my final letter look like? “I chased 2% extra return and missed my parents’ evening walks, my child’s annual day, and my wife’s birthday.” Stay rooted and compound relationships before compounding money. In the long run, it will always help. Lesson 3: Don’t Wait for The “After Me” Buffett drops the biggest truth bomb so casually: “Greg Abel will become the boss at year-end… I would like to keep a significant amount of ‘A’ shares until Berkshire shareholders develop the comfort with Greg that Charlie and I long enjoyed.” He is 95. Worth $140 billion. He could have made his children CEOs. Instead, he chose a Canadian energy expert who lived four blocks away in the 1990s but never met him till destiny collided. And that’s real power. Guts of steel if you will. In India, majority of family businesses die by the third generation because founders refuse to let go. Promoters fight in courtrooms while share prices bleed. And its investors, curse the day they bought into the company. It is at such times, that Buffett’s golden teaching comes to mind… Great leaders don’t build dynasties. They build institutions. That is exactly what he did, and his life is a blueprint of how to be a good leader. He trusts his children with $50 billion+ in philanthropy, but not with Berkshire. Why do you think that is? Because charity needs heart; business needs capital allocation at 20% ROE in a world of AI and climate change. ALSO READWarren Buffett’s warning on gold: Indians may not like this So, before investing in your next pick, ask yourself: “What if the founder of this company drops dead tomorrow? Will the son/daughter destroy my capital?” If the answer is “maybe”, it’s time to think again. Don’t worry, Buffett’s letter could be the guiding light one might need. Lesson 4: “Ruling from the Grave” Is a Fool’s Game Buffett converted 1,800 A-shares into 2.7 million B-shares and donated them immediately to four family foundations. He writes: “Ruling from the grave does not have a great record, and I have never had an urge to do so.” In India, where elders refuse to part with their riches, we love a little “will” drama. Even Buffett’s will generated huge interest from Indians. No wonder in our country rich uncles die, nephews fight, lawyers feast on the dispute. That is standard operating procedure in many cases. This is what Buffett was against his whole life. He accelerated lifetime giving because: His children are 67–72 years old and experienced enough to deploy billions wisely. Tax laws may change. The world may need solutions in 2050 that don’t exist in 2025. And for one thing, Buffett does not want to micromanage from heaven, even if he could. Some of India’s well-known leaders follow this lesson of giving generously while they are alive and they can. Azim Premji gave 67% of Wipro to charity. Shiv Nadar, Ronnie Screwvala… All giving while breathing. Stop hoarding for “after me”. Your children will fight over the holiday home. The world needs schools, hospitals, and climate warriors now. Lesson 5: Choose Heroes Who Practise Kindness There was this one line in his final letter to investors, that moved many readers, including me. “When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless… The cleaning lady is as much a human being as the Chairman.” You see, Kindness compounds when money evaporates. Just go back a few years and remind yourself of the Covid times. Markets crashed 40%, jobs were lost, loved ones lost, savings wiped out and a lot more. In those times, who helped you? It wasn’t your broker or the finfluencer whom you religiously follow in social media. It was your partner who said “ghar chal raha hai”. Your parents who shared their pension money. Your house help who still came to work wearing three masks. Buffett’s heroes in this case were his Aunt Edie who brought fingerprint kits to a sick child and nuns who hugged a Protestant boy. Kindness is the only asset that gives dividends in tears of gratitude. Final Words: A 95-Year-Old Man’s Loud Wake-Up Call for Indians When I finished reading Buffett’s letter and was about to start my day, I got a notification on my phone. “NIFTY Struggles, Bihar Elections” Normally I would panic at something like this, but not today. Because a 95-year-old man from Omaha just reminded me: My son’s laughter is worth more than 10% correction. My mom’s freshly made coffee is richer than any multibagger. My health is more important than the exit polls. As in his own words, Warren Buffett is “going quiet”, but his words are screaming across continents, languages, and generations. Close the trading app. Open your child’s school diary. Call your parents. Donate to a good cause, help a friend in need. Because one day, it could be tomorrow or even 40 years from now, you will write your own farewell letter. And this is your chance to begin and ensure it reads like Buffett’s Not like the guy who died chasing the next 20% return and forgot to live the 100% life. And don’t worry. We will always have Warren Buffett as the guiding light. He might have stopped writing to his investors, but he plans on continuing to write the annual Thanksgiving letter. That will be something to be thankful for! Thank you, Warren. From 1.4 billion Indians who’ve never met you but will never forget you. The purpose of this article is only to share interesting charts, data points, and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only. Suhel Khan has been a passionate follower of the markets for over a decade. During this period, he was an integral part of a leading Equity Research organisation based in Mumbai as the Head of Sales & Marketing. Presently, he is spending most of his time dissecting the investments and strategies of the Super Investors of India. Disclosure: The writer and his dependents do not hold the stocks/securities/funds discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.

Suhel Khan 1 days ago

Technology

China’s AI Bets Pivot to Power, Metals as Tech Bubble Fears Grow

Your browser is: Explorer 11.0. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more.✕ The AI Race:Bubble FearsAGI ExplainedUS Versus ChinaCircular DealsRegulators StruggleChina’s AI Desert EmpireTechnologyContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowBy Bloomberg NewsNovember 15, 2025 at 1:00 AM GMT+1Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone.The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI stocks. Analysts say firms supporting the tech ecosystem offer a more affordable entry point into this year’s hottest theme.Before it's here, it's on the Bloomberg TerminalBloomberg Terminal LEARN MOREHomeBTV+Market DataOpinionAudioOriginalsMagazineEventsNewsMarketsEconomicsTechnologyPoliticsGreenCryptoAIWork & LifeWealthPursuitsBusinessweekCityLabSportsEqualityManagement & WorkMarket DataStocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic CalendarExploreNewslettersExplainersPointed News QuizAlphadots GameThe Big TakeGraphicsSubmit a TipAbout UsTerms of ServiceTrademarksPrivacy PolicyCareersAdvertiseAd ChoicesHelp©2025 Bloomberg L.P. All Rights Reserved.

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