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Mukesh Ambani has seen a string of deals for his digital business and shares of his conglomerate have more than doubled since a low in March.(REUTERS)

Mukesh Ambani is now world’s fifth-richest man

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON JUL 22, 2020 08:28 PM IST
The 63-year-old is now worth $74.6 billion, surpassing Berkshire Hathaway’s chief executive Buffett’s $72.7 billion as of Wednesday, according to the Forbes’ billionaires’ list.
Goldman Sachs’ stock price fell about 33% during the quarter, and some of Berkshire’s selling appears to have occurred after the slide began.(Reuters file photo)
Goldman Sachs’ stock price fell about 33% during the quarter, and some of Berkshire’s selling appears to have occurred after the slide began.(Reuters file photo)

Covid-19: Warren Buffet’s Berkshire Hathaway slashes Goldman Sachs’ stake

By Reuters| Posted by: Harshit Sabarwal
PUBLISHED ON MAY 17, 2020 02:20 PM IST
Berkshire trimmed its stake in JPMorgan by 3% and cut its holding of Goldman Sachs by 84% in the period, according to a filing Friday.
Warren Buffett addresses shareholders at the annual meeting of his Berkshire Hathaway Inc, which was virtually broadcast due to the coronavirus disease (COVID-19) pandemic, in Omaha, Nebraska May 2, 2020, in this still image taken from video. .(via/REUTERS)
Warren Buffett addresses shareholders at the annual meeting of his Berkshire Hathaway Inc, which was virtually broadcast due to the coronavirus disease (COVID-19) pandemic, in Omaha, Nebraska May 2, 2020, in this still image taken from video. .(via/REUTERS)

Berkshire Hathaway’s sold entire stakes in 4 largest US airlines: Warren Buffett

Reuters | By Reuters| Posted by Anubha Rohatgi
UPDATED ON MAY 03, 2020 06:28 AM IST
The conglomerate held sizeable positions in the airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines Co, around 10% of Southwest Airlines Co and 9% of United Airlines at the end of 2019, according to its annual report and company filings.
Vijay Shekhar Sharma, Founder and CEO of Paytm, during the ‘What it takes to be a global unicorn’ session at the Hindustan Times Mint-Asia Leadership Summit, in Singapore, on Friday(HT Photo)
Vijay Shekhar Sharma, Founder and CEO of Paytm, during the ‘What it takes to be a global unicorn’ session at the Hindustan Times Mint-Asia Leadership Summit, in Singapore, on Friday(HT Photo)

Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar at HT-MintAsia Leadership Summit

By Kristie Neo
UPDATED ON SEP 06, 2019 03:44 PM IST
Paytm’s parent company One97 Communications is India’s most valuable unicorn, or privately held startup with a valuation of $1 billion or more. Its backers include Masayoshi Son’s SoftBank Vision Fund, and Alibaba Group’s Ant Financial.
Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire, but did not completely reveal his hand.(AFP File Photo)
Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire, but did not completely reveal his hand.(AFP File Photo)

Billionaire Warren Buffett gives new hint about his successor

Omaha, United States | By Agence France-Presse
UPDATED ON MAY 05, 2019 10:01 AM IST
Without answering directly, Warren Buffett said Gregory Able, 57, and Ajit Jain, 67 -- both promoted last year to the board of directors -- would in the near future join him and long-time business partner Charlie Munger, 95, on the stage to answer shareholder questions.
Indians are buying gold for as little as one rupee as retailers offer online sales in bite-sized portions to prop up shrinking demand in the world’s second-biggest consumer.(Reuters)
Indians are buying gold for as little as one rupee as retailers offer online sales in bite-sized portions to prop up shrinking demand in the world’s second-biggest consumer.(Reuters)

Indians are buying gold for as little as one rupee

By Swansy Afonso, Bloomberg
UPDATED ON DEC 18, 2018 09:12 AM IST
Demand for gold is falling, partly as a result of government measures, higher local prices and the metal’s fading appeal among more youthful customers.
Vijay Shekhar Sharma, founder and CEO, Paytm. Well-known investor Warren Buffett’s Berkshire Hathaway has invested in One97 Communications, the parent of Paytm.(Ramesh Pathania/Mint)
Vijay Shekhar Sharma, founder and CEO, Paytm. Well-known investor Warren Buffett’s Berkshire Hathaway has invested in One97 Communications, the parent of Paytm.(Ramesh Pathania/Mint)

Buffet’s money in Paytm is a ringing endorsement

Hindustan Times | By HT Correspondent
UPDATED ON AUG 29, 2018 06:49 PM IST
It’s increasingly becoming clear that the march of fin-tech firms is unstoppable.
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