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News on Medial
Warren Buffett exits Paytm with a 40% loss
The Arc Web
·
1y ago
Medial
Warren Buffett's company, Berkshire Hathaway, has divested its investment in Paytm-owner One97 Communications, incurring a loss of 40%. Berkshire had invested Rs 2,179 crore ($261 million) in Paytm in 2017, but since the IPO, it has sold its shares for a total of Rs 1,315 crore ($158 million) resulting in a loss. Paytm has managed to narrow its losses and grow its revenue in recent quarters.
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Warren Buffett on India’s startup boom: lots of unexplored scope
Internet
·
1y ago
Medial
Warren Buffett, at Berkshire Hathaway's annual meeting, highlighted India's abundant opportunities within its startup scene. He emphasized the need for new management to tap into these prospects. About India's economic growth, he said it's a market with untapped potential. Buffett's remarks prove Berkshire's interest in future investments in India, building on their previous ventures like Paytm.
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Warren Buffett to donate $6B to five foundations
YourStory
·
17d ago
Medial
Warren Buffett is donating $6 billion worth of Berkshire Hathaway stock to five foundations, increasing his total contributions since 2006 to approximately $60 billion. The largest portion, 9.4 million shares, will go to the Bill and Melinda Gates Foundation. Other recipients include the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation, and NoVo Foundation. Buffett emphasizes his conservative investment approach and attributes his wealth to sound decisions, the American market, and compounding effects.
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Warren Buffett made the biggest charitable donation in 2023 worth $541.5 million
Livemint
·
1y ago
Medial
Warren Buffett emerged as the biggest charity donor of 2023, with a $541.5 million donation to the Susan Thompson Buffett Foundation. This donation, which was not part of his annual contributions, topped the Chronicle of Philanthropy's list of the largest charitable donations in 2023. Other notable donors on the list include James and Marilyn Simons, Ross Brown, and Phil and Penny Knight.
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Warren Buffet's Berkshire Hathaway Q3 net loss widens to $12.77 billion
Livemint
·
1y ago
Medial
Berkshire Hathaway, headed by Warren Buffett, reported a net loss of $12.77 billion for the third quarter, primarily due to a decline in stock prices. However, the company's operating profit rose by 41% to $10.76 billion, mainly driven by improved results from its insurance operations. Berkshire Hathaway repurchased $1.1 billion of its own stock during the quarter, marking a total of about $7 billion repurchases for the year.
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Berkshire Hathaway Board Votes to Keep Warren Buffett Chair, Greg Abel to Take Over as CEO By 2025-end
OutlookIndia
·
2m ago
Medial
Warren Buffett has announced his intention to step down as CEO of Berkshire Hathaway, remaining as chairman. Greg Abel, a long-time executive overseeing the firm's non-insurance businesses, will succeed Buffett as CEO by the end of 2025. The transition was announced at Berkshire’s annual shareholder meeting. Despite the leadership change, the board’s decision to retain Buffett as chairman provides reassurance to shareholders, especially during turbulent market conditions prompted by geopolitical events and trade tensions.
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Warren Buffett donates $1.1 billion worth Berkshire Hathaway stock, outlines succession plan for $147 billion fortune | Company Business News
Livemint
·
7m ago
Medial
Billionaire investor Warren Buffett has donated over $1.1 billion worth of Berkshire Hathway stocks to his family's charities and foundations. Along with the donation, Buffett outlined succession plans for his $147.4 billion fortune. He stated that his three children would inherit his fortune over a period of 10 years after his death, but also designated an undisclosed successor in case they die before receiving their full inheritance. Buffett reiterated his belief in not creating dynastic wealth and emphasized the importance of allowing families to read their wills while they are still alive to avoid conflicts.
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‘Gates Foundation has no money coming after my death’: Warren Buffett changes his will
Livemint
·
1y ago
Medial
Warren Buffett has updated his will to redirect his fortune away from the Bill & Melinda Gates Foundation after his death. In an interview with the Wall Street Journal, Buffett stated that his wealth will now go to a new charitable trust overseen by his three children, as he has full trust in their values and ability to manage his philanthropic legacy. Previously, Buffett had pledged most of his estate to the Gates Foundation and other family-related charities. Despite the changes in his will, he continues to donate to the Gates Foundation during his lifetime.
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Warren Buffett-led Berkshire Hathaway to hold AGM, release Q1 results on May 4
Livemint
·
1y ago
Medial
Berkshire Hathaway Inc is set to announce its first-quarter earnings on May 4, 2024, followed by its Annual Shareholders Meeting on the same day. The meeting will include a Q&A session with Chairman Warren Buffett, Vice Chairman Greg Abel, and Vice Chairman Ajit Jain.
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India question makes it to Berkshire Annual meeting; Buffett says, “a more energetic management” could consider the opportunity
Money Control
·
1y ago
Medial
During the Berkshire Annual Meeting, Warren Buffett addressed the potential opportunities in India. When asked about investing in the Indian equity market, Buffett stated that there are likely many opportunities in countries like India. However, he highlighted the importance of having insights, contacts, and an advantage in pursuing these opportunities. Buffett mentioned that Berkshire has a great reputation globally and the potential for unexplored opportunities in India. He also emphasized the dilemma Berkshire faces in competing with asset managers who may profit solely based on the amount they buy rather than the quality of their investments.
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'That taboo...always made me nervous': Warren Buffett slams corporates' aversion towards this word, but lauds Amazon
Business Today
·
4m ago
Medial
Warren Buffett acknowledged mistakes in capital allocation and management at Berkshire Hathaway, highlighting errors in stock investments and acquisitions as inevitable. He emphasized that postponing corrective actions is a major flaw. Evaluating managers' abilities and integrity poses a significant challenge. Buffett criticized corporations for portraying managerial infallibility and praised Amazon for its candidness in its 2021 investor letter, where it openly discussed missteps, breaking the trend of silence on corporate errors.
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