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Warren Buffett to Invest in Paytm, Data Privacy for Investor et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Aug 27, 2018 12:35 PM 2 min read
Editorial

End of Day Wrap-up (Monday / Aug 27, 2018) #Amazon #FutureGroup #Walmart #Reliance #Jio #Vodafone #Airtel #WarrenBuffet #BerkshireHathaway #CrudeOil #TradeWar #US #China #SEBI #Data #Transfin

Editor's Comment: SEBI working on a special policy to ensure data privacy for investors. The regulator is in the process of developing standard procedures for sharing and storing investor data among intermediaries and third parties, as increasing data privacy queries arise.

 

Amazon plans to invest $700mn in Future Group, Indian conglomerate with a strong presence in retail and fashion sector. Both firms have entered negotiations as Amazon looks to buy 12%-15% stake in Future Group to battle Walmart in the Indian e-commerce market.

 

Reliance Communications sells fibre assets to Reliance Jio for INR3,000cr. Reliance Communications sold its infrastructure assets worth INR2,000cr last week to Reliance Jio as a part of pact signed last year to sell its assets to Reliance Jio to reduce its debt.

 

Reliance Jio becomes second largest telecom company by revenue market share. The telecom giant overtook Vodafone as the second largest telecom company ahead of Bharti Airtel, on the back of strong performance in the rural mobile markets and aggressive pricing.

 

Oil prices drop on the back of US-China trade dispute; looming Iran sanctions expected to cut supply. US will target Iran’s oil exports with sanctions from November, as currently Iran supplies 2.5 million barrels/day, the number is expected to fall by atleast 1 million barrels/day.

 

Warren Buffett-led Berkshire Hathaway in talks in invest in Paytm’s parent company, One97 Communications. Berkshire Hathaway is looking to invest around $285.4-356.7bn as it looks to buy 3-4% stake in One97 Communications.