Articles for Its Investment

After lip-smacking Swiggy IPO, Prosus prepares for its next hit
1 month ago

After lip-smacking Swiggy IPO, Prosus prepares for its next hit

Live Mint  

A few months back, Prosus, one of the world’s largest technology investors, faced a debilitating condition in India. “We invested around $1.3 billion in Swiggy across rounds," Ashutosh Sharma, head of growth investments, India and Asia, Prosus, said, calling it the investor’s largest cheque in the country till date. Successes and duds When Prosus wasn’t around, its parent Naspers made …

India Indian Investments Companies Capital Company Sharma
A Year After Credit Suisse’s Fall, UBS’s Path Is Lined With Temptation
9 months ago

A Year After Credit Suisse’s Fall, UBS’s Path Is Lined With Temptation

Live Mint  

Those who win the lottery often spend the money unwisely. UBS ended up paying $3.6 billion in stock for a bank with an estimated tangible book value of $33 billion—even after write-downs, expected litigation costs and accounting adjustments. On average in the three years before its demise, its investment bank still accounted for about 40% of total revenue, surpassing the …

Wealth Management Investment Bank Wealth Management Ubs Credit Suisse
Interest & Dividend Derived By One Cooperative Society From Its Investment Held With Another One Is Eligible For Deduction U/s 80P(2)(D): Pune ITAT
9 months, 1 week ago

Interest & Dividend Derived By One Cooperative Society From Its Investment Held With Another One Is Eligible For Deduction U/s 80P(2)(D): Pune ITAT

Live Law  

On finding that the views adopted by the tax authorities are not in conformity with legal position and binding judicial precedents, the Pune ITAT set-aside the impugned order passed by the AO and reversed the denial of deduction u/s 80P of the Income Tax Act, 1961. The Bench of the ITAT comprising of Partha Sarathi Choudhury and G. D. Padmahshali …

Society Investment Income Interest Dividend Cooperative Bench
Buffett’s firm buys Apple, slashes chipmaker and bank stakes
1 year, 10 months ago

Buffett’s firm buys Apple, slashes chipmaker and bank stakes

Associated Press  

— Billionaire Warren Buffett’s company added to its already substantial Apple investment at the end of last year while slashing a new investment in computer chip maker Taiwan Semiconductor and two longtime bank holdings. Berkshire picked up nearly 21 million more shares in the iPhone maker during the final three months of last year to give it 915.6 million shares …

Investment Stock Million Shares Buffett Maker Its Investment
Qatar boosts influence in Lebanon amid multiple crises
1 year, 10 months ago

Qatar boosts influence in Lebanon amid multiple crises

Associated Press  

BEIRUT — Most wealthy Gulf Arab nations followed Saudi Arabia’s lead in recent years and ostracized crisis-hit Lebanon because of the growing influence of the Iranian-backed militant group Hezbollah. And on Monday, Qatar will for the first time join a meeting in Paris along with officials from France, Saudi Arabia and the U.S. for discussions focusing on Lebanon’s political and …

Political Iran Saudi Arabia Hezbollah Lebanon Saudi Gulf
Erdogan says Turkey in talks with US on sale of F-16 fighter jets
3 years, 2 months ago

Erdogan says Turkey in talks with US on sale of F-16 fighter jets

Al Jazeera  

Turkish president says the US proposed the sale of F-16 fighter jets in return for its investment in the F-35 programme. President Recep Tayyip Erdogan says the United States proposed selling F-16 fighter jets to Turkey in return for its investment in the F-35 programme, from which Ankara was removed after purchasing missile defence systems from Russia. Ankara had ordered …

Russia Turkey Jets Turkish Erdogan Fighter Jets Its Investment
Zomato Raises $195 Million in Funding from 6 Investors, Valuation Touches $3.6 Billion
4 years, 1 month ago

Zomato Raises $195 Million in Funding from 6 Investors, Valuation Touches $3.6 Billion

News 18  

Info Edge on Friday said its investee company Zomato has raised USD 195 million in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at USD 3.6 billion. “Zomato Pvt Ltd has closed a primary fundraise of USD 195 million from six different investors…The transactions valued Zomato at a post-money valuation of USD 3.6 …

Investment Million Info Zomato Swiggy Usd Its Affiliates