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Flipkart Walmart Deal, US China Trade Wars et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
May 4, 2018 1:43 PM 1 min read
Editorial

End of Day Wrap-up (Friday / May 04, 2018) #Flipboard #Walmart #GST #Xerox #WarrenBuffet #BekshireHathaway #Volkswagen #China #US #trade #Transfin

Editor's Comment: E-commerce firm Flipkart’s board has approved a deal to sell an equity stake of about 75% in the company to a group led by Walmart Inc for about USD15 billion.

 

The 27th GST Council meet on Friday approves making GST Network a government entity by taking over 51% stake, while the states will collectively hold the remaining half stake. The GST Council also delayed a decision on levying a cess on sugar and referred the issue of incentivising digital payments to a group of state finance ministers.

 

Xerox’s CEO Jeffrey Jacobson and its board and management to stay as the legal settlement with activist shareholders lapsed; Merger With Fujifilm at USD6.1 billion deal, still possible.

 

Warren Buffett's Berkshire Hathaway added 75 mn more shares of Apple to 166.7 mn shares uptill 2017.

 

Volkswagen’s former head along with 5 other executives was indicted on charges of conspiracy and cheat in regard with auto emissions tests

 

U.S. demands China to cut trade imbalance by USD200 Bn by end of 2020. It also seeks to halt Chinese government support for advanced technologies