Indian company Paytm received $1 billion in funding
Digital payments firm Paytm, planning to diversify into insurance, lending, stockbroking and investment, managed to acquire 1 billion USD in additional funding from investors at a 16 billion USD company valuation. Investors include Japanese company Softbank, which backed the failed WeWork office-sharing venture and recently reported its first quarterly loss in 14 years.
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Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K, Says Max Keiser
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner.
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WeWork set to see profits in 2021
WeWork set to see profits in 2021
Chairman of the New York-based office space sharing company WeWork, the company is set to see positive cash flow and profits in 2021, a year ahead of schedule, company chairman Marcelo Claure said in an interview with the Financial Times published Sunday. “Everybody thought WeWork was mission impossible. And now, a year from now, you are going to see WeWork to basically be a profitable venture ” Claure said
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India’s Mukesh Ambani is now wealthier than Warren Buffett
According to the data compiled by Bloomberg Billionaire Index, India's richest man and Chairman of Reliance Industries is now worth $68.3 billion, surpassing Buffett's $67.9 billion as of Thursday. Shares of Ambani's Indian conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc. and Silver Lake
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Gulfnews
India's $48 billion trade deficit with China
A border clash with China in the Himalayas left 20 Indian soldiers dead, with many in India, calling for a boycott of Chinese products. Government data showed India imported more than $65 billion worth of goods from China between April 2019 and March this year and exported only around $16.6 billion worth of products. That left New Delhi with a more than $48 billion trade deficit with Beijing
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CNBC