Berkshire Hathaway
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Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks
•Berkshire's stock price has fallen 1% in 2020, compared with a 12% drop in the Standard & Poor’s 500, despite Warren Buffett’s prediction that Berkshire would outperform in down markets.
Warren Buffett calls coronavirus outbreak 'scary stuff,' but says he won't be selling stocks despite threat of pandemic
•Buffett said investors with a 10-to 20-year time horizon and focused on companies' earnings power will fare well in stocks, and that the outbreak has "not changed" his long-term outlook
Paytm is looking at raising another round of $1 bn; former UK PM David Cameron may also invest
•Paytm had earlier this week announced a $1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price
Apple shares sink on weak iPhone demand; a wish come true for Warren Buffett
•Apple’s warning on Wednesday about weak iPhone demand in the holiday quarter due to slower sales in China sent its stock down 7.5 percent during after-hours trading. Class B shares of Buffett’s Berkshire Hathaway Inc traded down 2 percent in the same session on Wall Street.
Kotak Mahindra Bank shares climb 14% on reports of Berkshire Hathaway stake buy
•Berkshire Hathaway may invest between $4 billion and $6 billion in the lender by buying promoter stake or through a preferential allotment.
Warren Buffett's Berkshire Hathaway invests $300 mn in Paytm; to hold 2.9% in Indian firm
Fp Staff •Earlier this month, reports said Warren Buffett's Berkshire Hathaway was set to invest about $300-350 million in Indian digital payments major Paytm, according to sources
Paytm bets on local expertise to fend off rivals, aims to increase offline merchants to 15 million by March 2019
•Paytm is transforming into a financial services start-up with forays in banking, mutual funds and later insurance.
Paytm CEO Vijay Shekhar Sharma says Berkshire Hathaway wants digital payments firm to build $100-billion company
Fp Staff •Paytm, India’s leading digital payments platform, is operating in a highly competitive market that is expected to grow five-fold to $1 trillion by 2023.
Warren Buffett's Berkshire Hathaway picks up Rs 2,500 crore stake in Vijay Shekhar Sharma's Paytm
Fp Staff •Warren Buffett's Berkshire Hathaway Inc was in talks to invest about Rs 2,000-2,500 crore in Vijay Shekhar Sharma's Paytm, news reports said earlier.
Warren Buffett set to invest over Rs 2,000 cr in Vijay Shekhar Sharma's Paytm: Reports
Fp Staff •Berkshire’s investment could be clinched in the coming weeks, valuing Paytm at over $10 billion, reports said