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In a tragic incident in Chhattisgarh’s Balrampur, a farmer has been arrested following the death of a wild elephant who suffered an electric shock, officials confirmed to ANI. Forest Department Ranger Nikhil Saxena reported that the elephant was part of a nine-elephant herd wandering near Murka village. One elephant became separated and encountered an electrified wire, which was set up by the farmer to protect his paddy crop, resulting in the animal’s death. The forest department seized bamboo poles and GI wires from the site and has filed an FIR against the accused under the <keyword id="21248856" type="General" weightage="20" keywordseo="wildlife-protection" source="keywords">Wildlife Protection</keyword> Act, 1972. Saxena talked about the need for peaceful coexistence between humans and wildlife, especially as incidents of conflict escalate in these forest-adjacent villages. "A group of nine elephants from the Balrampur's Wadrafnagar forest area diverted to the Manikpur forest circle while roaming around. Of nine, six elephants were in the forest area adjoining Murka village last night, and one elephant got separated from the herd. The elephant died after getting trapped in the live wire installed by the accused," he said. Meanwhile, in a separate incident, an elephant calf was found injured in the Udanti-Sitanadi Tiger Reserve, with officials suspecting it had triggered an improvised bomb, known as a potash bomb. Forest Deputy Director Varun Jain noted that traces of blood and bomb remnants were discovered over a 6-7 kilometre area. The injured calf, estimated to be five to six years old, was identified by drone and is receiving medical attention. "We received information about the scattered blood in the Udanti-Sitandi Tiger Reserve, which is also a zone of elephant roaming. Upon receiving the information, the Anti-Poaching team traced the footsteps in a 6-7 km area and after that, we got to know that an elephant was injured. After that our team through drone cameras found an elephant calf (5-6 years old) that has injuries on its legs and mouth. So, possibly, it is the same injured elephant. At the same time, we have found a part of 'potash bomb' near the premises, which indicates that the calf was possibly injured after eating and walking on that bomb," Jain told ANI. (With ANI inputs)

Elephant dies from electric trap set to protect crops, farmer arrested

<ul><li><keyword id="6358963" type="DEFINITION" weightage="60" keywordseo="Warren-Buffett">Warren Buffett</keyword> may have sold his airline stakes and spent more than $20 billion on stock buybacks last quarter, Chris Bloomstran, head of Semper Augustus Investments, told Business Insider.</li><li>The billionaire investor and <keyword id="6362665" type="ORGANIZATION" weightage="60" keywordseo="berkshire-hathaway">Berkshire Hathaway</keyword> boss probably hasn't bought many other stocks, and might struggle to strike bailout deals in the face of government aid and fierce competition, Bloomstran said.</li><li>Berkshire wouldn't hesitate to splurge $100 billion on Buffett's long-awaited "elephant-sized acquisition."</li><li>"They would absolutely do it if the right elephant came along," Bloomstran said.</li><li><a href="https://www.businessinsider.com/international?r=US&amp;IR=TIR=T">Visit Business Insider's homepage for more stories</a>.</li></ul>Warren Buffett has been silent as stock <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> roil and oil prices plunge, <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-8-reddit-users-speculate-berkshire-hathaway-boss-2020-4-1029128890">fueling speculation</a> about what he's up to.The famed investor and Berkshire Hathaway boss may have ditched <keyword id="44023" type="ORGANIZATION" weightage="60" keywordseo="airlines">airlines</keyword> and plowed more than $20 billion into stock buybacks, but probably hasn't bought many other stocks or struck any big bailout deals, according to a fund manager and Berkshire shareholder of more than two decades.Chris Bloomstran, head of Semper Augustus Investments, dedicated more than 50 pages to Berkshire analysis in his <a href="https://static.fmgsuite.com/media/documents/c388840b-3dda-41da-a062-077bf785255b.pdf">latest letter to clients</a>. <keyword id="56002" type="COMPANY" weightage="60" keywordseo="SAI">SAI</keyword> held about $60 million worth of Berkshire stock at last count, making it the fund's biggest holding. He spoke to Business Insider by telephone and email at the end of last week.<h2>Parachuting out of airline stocks</h2>Berkshire <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-lost-billions-airline-stocks-quarter-coronavirus-2020-4-1029055923">owned between 8% and 11%</a> of the "big four" airlines — American, Delta, United, and Southwest — at the end of December. It sold <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-390-million-delta-southwest-shares-2020-4-1029064705">$390 million worth</a> of Delta and Southwest stock a few weeks ago, and that may have been just the start."I wouldn't be surprised to see the investments in the airlines either gone or greatly eliminated," Bloomstran said.As governments across the globe continue to restrict travel, and millions of people stay at home to slow the spread of the coronavirus, demand for air travel has plummeted. Delta's passenger numbers have <a href="https://www.businessinsider.com/delta-first-quarter-coronavirus-air-travel-outlook-after-the-pandemic-2020-4?r=US&amp;IR=TIR=T">plunged 95%</a>, forcing it to slash its flights by 85%.The result is that airlines face a deeply uncertain future, even after <a href="https://www.businessinsider.com/american-airlines-delta-united-jetblue-reach-agreement-on-coronavirus-bailout-2020-4?r=US&amp;IR=TIR=T">accepting billions in grants and loans</a> from the US Treasury. In exchange, the government demanded warrants allowing it to purchase the airlines' shares at a discount in the future — <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-financial-crisis-bailouts-us-government-airline-investor-2020-4-1029104038">a strategy inspired by Buffett's bailouts during the financial crisis</a>."It's hard to tell how long it will take for capacity utilization to recover sufficiently, and if the virus compels restrictions on travel beyond another couple months, the airlines will require more liquidity to avoid restructurings," Bloomstran said. "Even Berkshire doesn't have those answers."Read more: <a href="https://www.businessinsider.com/stock-market-crash-why-recent-rally-is-trap-john-hussman-2020-4?r=US&amp;IR=TIR=T">A renowned market bear says stocks are setting classic trap before another steep plunge — and says the market is at risk of a 57% drop from current levels</a><h2>Buying Berkshire and not much else</h2>Berkshire probably hasn't plowed billions into its stock portfolio during the coronavirus sell-off."My sense is they've not been that active," Bloomstran said.Berkshire is <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-charlie-munger-frozen-bosses-bailouts-coronavirus-2020-4-1029103102">mainly focused on weathering</a> the "worst typhoon that's ever happened," Buffett's longtime partner, Charlie Munger, <a href="https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006?mod=hp_lead_pos11">recently told The Wall Street Journal</a>.However, the company has probably bought a bunch of its own stock."I would be surprised if they didn't repurchase at least $20 billion during the first quarter," Bloomstran said. He added that buybacks are a "<a href="https://markets.businessinsider.com/news/stocks/warren-buffett-stock-buybacks-reasons-loves-face-bailout-ban-coronavirus-2020-3-1029032498">hugely beneficial use of capital</a>" when shares are trading significantly below their intrinsic value.<h2>Bailouts could prove elusive</h2>Buffett famously bailed out Goldman Sachs, General Electric, and Bank of America during the financial crisis. While he's <a href="https://www.wsj.com/articles/coronavirus-throws-deal-making-into-disarray-11585652400">reportedly eyeing</a> troubled <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-exploring-travel-hotel-coronavirus-deals-wsj-2020-3-1029053855">travel, lodging, and entertainment businesses</a>, he's unlikely to strike as many bailout deals this time around.The "big four" airlines never called Buffett before they accepted government bailouts, and "the phone is not ringing off the hook," Munger told The Journal last week.The slump in demand for Buffett's services isn't surprising, Bloomstran said."If Buffett's going to provide capital, he's going do it on Berkshire's terms, which is costly," he explained. "Why would an airline go to Berkshire Hathaway when they've lobbied the government to give them the money for free?"Moreover, any big companies that go up for sale are likely to attract multiple suitors, Bloomstran said, and Berkshire famously avoids bidding wars.Once the Federal Reserve stops plowing trillions into the US economy and corporate coffers run dry, more bailout opportunities could emerge, he added.<h2>Waiting for the right elephant</h2>Armed with Berkshire's <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-buy-tesla-starbucks-mcdonalds-coronavirus-selloff-2020-3-1029041432">ample dry powder</a>, Buffett continues to hunt for an "<a href="https://markets.businessinsider.com/news/stocks/warren-buffett-letter-2019-berkshire-hunting-for-elephant-sized-acquisition-2019-2-1027976978?utm_source=markets&amp;utm_medium=ingestgest">elephant-sized acquisition</a>." Sky-high valuations and rival suitors have prevented him from pulling the trigger, but the current downturn could mean it's open season.Executives might balk at selling their companies at depressed valuations, Bloomstran cautioned. However, Berkshire would fork out as much as $100 billion if it made sense, he added."I wouldn't rule it out," Bloomstran said. "They would absolutely do it if the right elephant came along."Read more: <a href="https://www.businessinsider.com/frontier-market-investing-recommendation-strategy-from-manny-stotz-howard-marks-2020-4?r=US&amp;IR=TIR=T">Manny Stotz is so good at allocating capital that billionaire Howard Marks was his biggest investor from the get-go. He breaks down a high-upside bet he's making on 'frontier' stocks in nations like Bangladesh and Egypt.</a>Read the original article on <a href="https://www.businessinsider.com/warren-buffett-might-sell-airlines-spend-billions-buybacks-chris-bloomstran-2020-4">Business Insider</a>

Warren Buffett may have ditched airline stocks and spent $20 billion on stock buybacks, investor Chris Bloomstran says

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Elephant dies from electric trap set to protect crops, farmer arrested

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Warren Buffett may have ditched airline stocks and spent $20 billion on stock buybacks, investor Chris Bloomstran says

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