Warren Buffett's Berkshire Hathaway to invest in Paytm parent firm: Report

Berkshire Hathaway Inc is in talks to invest about 20-25 billion rupees ($285.4-356.7 million) in India's One97 Communications Ltd, the parent of digital payments firm Paytm, the Economic Times reported on Monday.

Berkshire, the conglomerate run by billionaire Warren Buffett, is said to pick up a 3-4 per cent stake in Paytm's parent and the deal is being done through a primary subscription of shares, the paper said citing people familiar with the matter.

If materialised, it could be the first direct investment in India by Buffett, it said.

One of Berkshire's key fund managers, Todd Combs, who is also seen as a potential chief investment officer at the company, is leading the transaction, the newspaper reported.

Amazon, Flipkart, Paytm mall freedom sale: Discounts, cashback and more

It is raining offers, again! Some of the country's biggest e-commerce websites such as Amazon, Flipkart and Paytm are holding Independence Day sales and offering huge discounts on products ranging from electronics to home furnishing,

Amazon India is holding 'Freedom Sale' (August 9 to 12); Paytm Mall is running 'Freedom Cashback' sale (August 8 to 15), and Flipkart will hold 'The Big Freedom' sale from August 10 to 12. Flipkart's exclusive fashion arm Myntra will commence ‘Right to Fashion Sale’ from August 9-12. Here's a list of all the offers on Flipkart, Amazon and Paytm Mall:

Flipkart

The Flipkart 'The Big Freedom' Sale will commence tomorrow (August 10) and will last till August 12. A sneak peek into the offers show great deals on top smartphone brands such as Apple, Samsung, Xiaomi and more. There is up to 70 per cent off on TVs and home appliances and up to 80 per cent off on electronics. Books, toys and beauty products are available at a starting price of Rs 99.

Apart from that, the e-commerce giant is offering new deals and discounts every 8 hours. It has also partnered with Citi Bank credit card to offer an extra 10 per cent discount.
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