Warren Buffett’s Berkshire Hathaway has been building its position in banks over the last year. It is now among the five biggest shareholders in Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs, U.S. Bancorp and Bank of New York.
The numbers indicate that the company raised Rs 178.71 crore via anchor investment which includes investors like Abu Dhabi Investment Authority - Behave, Blackrock India Equities Goldman Sachs India and Kuwait Investment Authority Fund 225.
Mumbai, Mar 01 (ANI): Sensex rose sharply on Tuesday a day after Finance Minister Arun Jaitley said the government would stick to its fiscal deficit target. The benchmark Sensex was trading 700 points higher where as Nifty was up by 220 points. Analysts said a commitment by Jaitley in the annual budget to meet the fiscal deficit target of 3.5 percent of the gross domestic product would raise confidence among foreign investors after heavy selling this year. A market expert, Sunil Shah, attributed the sudden jump in stock markets to the government decision to put money in farm sector to revive rural economy. Shah added that the coming monsoon will revive the growth and there will be a demand push because of the thrust given by the government towards the rural economy.