The potential $285.4 to 356.7 million deal assumes significance since, 1) it marks Buffet’s first direct investment in India and 2) it values Paytm at over $10 billion. On Monday, as per a report from the Economic Times, Berkshire Hathaway Inc is in talks with India’s One97 Communications Ltd, the parent of digital payments firm…
The shareholders of the electric carmaker Tesla managed to convince its founder and CEO Elon Musk not to take the company private and urged the billionaire to keep the company public. In a statement issued by Musk on Friday night, Musk said that the he had taken a decision to keep the company public and…
Shareholders of Cigna Corp voted to allow the company to acquire the pharmacy benefit manager Express Scripts Holding Co for $52 billion. However, the health insurer’s acquisition would still have to go through clearance from antitrust authorities. The voting by the shareholders were completed on anticipated lines following the walking away of activist investor Carl…
Short sellers and investors who have attacked the company have been cited as one of the reasons why Musk launched his take Tesla private bid. In a significant development, Tesla Inc’s CEO Elon Musk has stated, he would listen to shareholder’s concerns and will no longer pursue his $72 billion bid to take the company…
One of the companies that has benefitted form the turmoil that is currently underway at the electric car4 maker Tesla is Apple. According to a report in the new channel CNBC, so far this year, about 46 people have bene recruited by the Silicon Valley technology giant from Tesla. According to the news report which…
A new study report claims that all alcohol consumption is bad for humans, breaking the myth that a glass of wine a day is good for the health of a person. This study was conducted on a global basis and therefore it claims to be more comprehensive than ever before. The study virtually negated what…
According to a statement from the U.S. Customs and Border Patrol, a man who attempted to enter the country from Brazil travelling on a French passport was detained as an imposter at Washington, D.C.’s Dulles airport with the help of a newly installed facial-recognition technology. It was just three days ago that the airport had…
According to reports, acronyms that are common in text speak, including “WTF”, have been applied to be trademarked by Proctor & Gamble. If the application is successful then the company would be able to include in its marketing and selling of its products expressions including “LOL” (Laugh Out Loud) and “NBD” (No Big Deal). Application…
There can be a big threat to the US economy from the escalation of a trade war, according to warnings from the US Federal Reserve. But the central banker is not ready to buck down to pressures and comments form US President Donald Trump against raising of interest rates and wants to continue with its…
Facebook and Twitter accounts that were reportedly linked to Iran and Russia were removed by the social media platforms because those accounts were either “inauthentic” or were engaged in “manipulating” behavior, said the company, According to founder and chief executive Mark Zuckerberg, over 650 Facebook pages and groups had been identified to be “misleading”. On…
