Japan's Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Softbank invested about $1.5 billion in One97 Communications -- the owner of Paytm brand -- in tranches in 2017. "Softbank has exited Paytm at a loss of 10-12 per cent.
Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth.
Oracle of Omaha will initially invest Rs 1,177 crore (Rs 11.77 billion) in the venture.
Warren Buffett defended his plan to appoint his son, Howard, who has little investing experience, as non executive chairman, saying the younger man's role would be to ensure that Berkshire had the right CEO in place.
More than 1,000 copies were sold at Berkshire's annual meeting.
There is a buzz in insurance circles that Berkshire Hathaway might have resorted to a back-door entry into India in order to circumvent the caps on foreign direct investment in the insurance industry.
Both companies will be equal equity partners.
'They treat me much better in India than they do in the United States.'
Kotak Mahindra Bank was the biggest gainer on both the indices, ending nearly 9 per cent higher following reports that Warren Buffett's Berkshire Hathaway Inc was planning to pick up stake in the private sector lender.
Paytm's pre-IPO investors, which include likes of Warren Buffet's Berkshire Hathway, SoftBank and Alibaba, do not seem to be in a hurry to exit India's leading digital payments brand as they continue to believe in its long-term prospect, analysts said. On Tuesday, 86 per cent of Paytm's shares became free to trade after the end of the lock-in period, allowing investors to sell shares that haven't yet been allowed onto the market. Market participants have been speculating on Paytm, post-expiry of lock-in for pre-IPO investors.
This makes Berkshire the sixth-largest external investor in the bank
In its complaint filed in 2011, the SEC alleged that Gupta disclosed confidential information about Berkshire Hathaway Inc's $5 billion investment in Goldman Sachs
Focus on Berkshire's size has grown over the years as it has amassed more than 80 businesses
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Buffett typically makes his donations in July, reducing the number of shares by 5 percent from the prior year.
The Gupta case is SEC v. Gupta, US District Court, Southern District of New York, No. 11-07566.
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed.
Hedge funds are famous for their price tag - known as "two and 20" - a fee of two per cent of the assets they manage each year and 20 per cent of all gains
Some analysts view as a microcosm of the US economy.
Buffett had said in a CNBC interviewthat Yahoo's business had deteriorated significantly and that "something has to change there."
This is yet another large energy deal for Warren Buffett in the western United States.
Berkshire has owned P&G stock since P&G bought Gillette Co in 2005. Buffett had invested in Gillette since 1989.
Buffett's remembers his association with Munger that began in 1959.
Greg Abel and Ajit Jain would be prime candidates
Buffett gave no hints about who would succeed him and defended ties with Brazil's 3G Capital during the annual meeting
A glance back at some of the important ups and down Indian Inc faced in 2018.
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