Defence Stocks Rally: Nifty India Defence index jumps over 3%; MTAR Technologies surges 34% from last week's low

AirSewa 2.0: Upgraded version of AirSewa to be launched in the next 90 days, says aviation secretary

India's defence output soars 16% to record Rs 1.78 lakh crore in FY26, over 2x production since FY21 

RBI REITs and InvITs rules: Expert explains risks, returns and what investors should track

El Nino 2026: Which stocks and sectors could win or lose if rainfall falls short?

Tata Capital gains after board approves up to Rs 36,000 crore NCD issuance

Maruti Suzuki begins flex-fuel WagonR deliveries

Block Deal Buzz: DOMS Industries trade volatile as promoter FILA likely sells 7.3% stake worth nearly Rs 981 crore

Trent surges over 5%; here's why analysts believe the rally may not be over yet

Lodha, Oberoi, other realty shares under pressure; what's weighing on Mumbai-focused players?

Indian insurance sector is all set to witness a big move by Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. The Oracle of Omaha is expected to buy a stake in an Indian Insurance company, according to Zee Business TV's exclusive news. The stake-buy is in ICICI Prudential Life and Buffett is expected to take a 14% stake. 
According to the report, the deal worth about Rs 9000 crore is likely to be announced in coming days, adding that Berkshire Hathaway is accomplishing the deal at premium pricing. Since ICICI Prudential Life's potential is strong in the insurance segment, Warren Buffett's firm may take an additional 10% stake in the future, the report added. 
Notably, last year in August, Berkshire Hathaway Inc had also bought a stake in One97, the owner of India’s largest digital payments firm, Paytm.
<blockquote data-lang="en"><a href="https://twitter.com/hashtag/ZBizExclusive?src=hash&amp;ref_src=twsrc%5Etfw">#ZBizExclusive</a> | <a href="https://twitter.com/hashtag/WarrenBuffett?src=hash&amp;ref_src=twsrc%5Etfw">#WarrenBuffett</a> की <a href="https://twitter.com/hashtag/BerkshireHathaway?src=hash&amp;ref_src=twsrc%5Etfw">#BerkshireHathaway</a> <a href="https://twitter.com/hashtag/ICICIPrudential?src=hash&amp;ref_src=twsrc%5Etfw">#ICICIPrudential</a> में खरीदेगी हिस्सेदारी, डील का एलान जल्द संभव: सूत्र<a href="https://twitter.com/SwatiKJain?ref_src=twsrc%5Etfw">@SwatiKJain</a> <a href="https://twitter.com/AnilSinghviZEE?ref_src=twsrc%5Etfw">@AnilSinghviZEE</a> <a href="https://twitter.com/hashtag/FirstonZEE?src=hash&amp;ref_src=twsrc%5Etfw">#FirstonZEE</a> <a href="https://t.co/z4pGSfxBRk">pic.twitter.com/z4pGSfxBRk</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1134343979615440896?ref_src=twsrc%5Etfw">May 31, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>The Nebraska-based company Berkshire Hathaway has stakes in some of the world’s largest firms like Coca-Cola Co, Apple, American Express, General Motors, Goldman Sachs, Procter &amp; Gamble, and Walmart.
Promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life Insurance Company Limited began its operations in fiscal year 2001 and has consistently been amongst the top players in the Indian life insurance sector. The company's Assets Under Management (AUM) as on 31st March 2019 were Rs 1,604.10 billion. 
In FY2015, ICICI Prudential Life became the first private life insurer to attain assets under management of Rs 1 trillion.

Indian insurance sector is all set to witness a big move by Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. The Oracle of Omaha is expected to buy a stake in an Indian Insurance company, according to Zee Business TV's exclusive news. The stake-buy is in ICICI Prudential Life and Buffett is expected to take a 14% stake. According to the report, the deal worth about Rs 9000 crore is likely to be announced in coming days, adding that Berkshire Hathaway is accomplishing the deal at premium pricing. Since ICICI Prudential Life's potential is strong in the insurance segment, Warren Buffett's firm may take an additional 10% stake in the future, the report added. Notably, last year in August, Berkshire Hathaway Inc had also bought a stake in One97, the owner of India’s largest digital payments firm, Paytm.#ZBizExclusive | #WarrenBuffett की #BerkshireHathaway #ICICIPrudential में खरीदेगी हिस्सेदारी, डील का एलान जल्द संभव: सूत्र@SwatiKJain @AnilSinghviZEE #FirstonZEE pic.twitter.com/z4pGSfxBRk— Zee Business (@ZeeBusiness) May 31, 2019The Nebraska-based company Berkshire Hathaway has stakes in some of the world’s largest firms like Coca-Cola Co, Apple, American Express, General Motors, Goldman Sachs, Procter &amp; Gamble, and Walmart.Promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life Insurance Company Limited began its operations in fiscal year 2001 and has consistently been amongst the top players in the Indian life insurance sector. The company's Assets Under Management (AUM) as on 31st March 2019 were Rs 1,604.10 billion. In FY2015, ICICI Prudential Life became the first private life insurer to attain assets under management of Rs 1 trillion. 

According to Zee Business TV's report, the deal worth about Rs 9000 crore is likely to be announced in coming days.

Exclusive! Warren Buffett to buy 14% stake in ICICI Prudential Life

news-exclusive-warren-buffett-to-buy-14-stake-in-icici-prudential-life-100802

Indian insurance sector is all set to witness a big move by Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. The Oracle of Omaha is expected to buy a stake in an Indian Insurance company, according to Zee Business TVs exclusive news. The stake-buy is in ICICI Prudential Life and Buffett is expected to take a 14% stake.  According to the report, the deal worth about Rs 9000 crore is likely to be announced in coming days, adding that Berkshire Hathaway is accomplishing the deal at premium pricing. Since ICICI Prudential Lifes potential is strong in the insurance segment, Warren Buffetts firm may take an additional 10% stake in the future, the report added.  Notably, last year in August, Berkshire Hathaway Inc had also bought a stake in One97, the owner of India’s largest digital payments firm, Paytm. #ZBizExclusive | #WarrenBuffett की #BerkshireHathaway #ICICIPrudential में खरीदेगी हिस्सेदारी, डील का एलान जल्द संभव: सूत्र@SwatiKJain @AnilSinghviZEE #FirstonZEE pic.twitter.com/z4pGSfxBRk — Zee Business (@ZeeBusiness) May 31, 2019 The Nebraska-based company Berkshire Hathaway has stakes in some of the world’s largest firms like Coca-Cola Co, Apple, American Express, General Motors, Goldman Sachs, Procter Gamble, and Walmart. Promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life Insurance Company Limited began its operations in fiscal year 2001 and has consistently been amongst the top players in the Indian life insurance sector. The companys Assets Under Management (AUM) as on 31st March 2019 were Rs 1,604.10 billion.  In FY2015, ICICI Prudential Life became the first private life insurer to attain assets under management of Rs 1 trillion. 

According to Zee Business TVs report, the deal worth about Rs 9000 crore is likely to be announced in coming days.