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…
Although its share prices surged by 3.8% on Monday, they are still down by 40% from their April 2018 levels. On Monday, following the removal of measures from a defense bill by U.S. lawmakers that would have reinstalled sanction on China’s ZTE Corp, shares of the telecommunications equipment maker surged by 3.8% in Hong Kong.…
According to CB Insights, Mercari is one of Japan’s two unicorns. On its market debut its market cap touched $7.4 billion. The other unicorn is Preferred Networks Inc, an IT startup. On Tuesday, the share prices of Mercari Inc, a flea market app operator, jumped by 100% in their stock market debut in Tokyo and…
Although the exact date of the halting of shares is yet to be disclosed by Samsung Electronics, on Monday, at South Korea’s Kospi index, the conglomerate accounted for nearly 20% of the index’s market capitalization. On Monday, South Korea’s stock exchange stated, trading in Samsung Electronics Co Ltd’s shares, Asia’s fourth most valuable stock, will…
The development is to be seen within the context of the SEC calling for improved clarity on cyber risk disclosures and adopt specific policies restricting executive trading in shares especially during an on-going investigation of a hack. On Tuesday, the Financial Times reported that a consortium led by Citigroup Inc, Depository Trust & Clearing Corp…
This updated guidance addresses concerns on how and when public companies should disclose their cyber security risks and breaches. In a development that will significant impact tech firms, the U.S. Securities and Exchange Commission has updated its guidance to public companies on how and when they should disclose cyber security risks and breaches, including known…
First Solar’s shares have appreciated by 54% since September 30. Barron’s has advised investors to cash in on their First Solar Inc holdings shares and pocket the big gain the shares of the solar panel maker has made in recent months. Since the end of September, the stocks of First Solar has risen by 54%…
Although the SEC had “promptly” patched the vulnerability in its EDGAR system which stores millions of confidential data that companies are required to file to the SEC, the fact that hackers have managed to penetrate its systems, have stoked investor concerns. In a startling development, the U.S. Securities and Exchange Commission (SEC), disclosed that hackers…
Unlike BlackRock, very few companies in the world have been able to build a successful index fund franchise like its iShares. The world’s biggest asset manager, BlackRock, has reported a double digit profit in its first quarter report of this year with investors ploughing in their money into its index funds. Despite the good news,…
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