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Warren Buffet Proposed An Enormous $ 3 Billion Investment In Uber

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Earlier this year, Warren Buffet proposed an investment worth $ 3 billion in the cab hailing company Uber Technologies Inc., The deal between Buffet’s Berkshire Hathway Inc., and Uber Technologies Inc., was in talks for a long time! However, the talks fell apart due to disagreements over the terms and size of the deal. The Chief Executive Officer of Uber, Dara Khosrowshahi, proposed decreasing the size of the deal from $ 3 billion to $ 2 billion, giving Buffett a smaller share of the company.

Khosrowshahi confirmed in an interview, Uber had discussions with Buffett, but he didn’t think the reporting was entirely accurate. Ever since Khosrowshahi replaced Travis Kalanick as the CEO of Uber, he is keen on improving the image of Uber! After various allegations were leveled and held against Uber including the #deleteUber campaign, the company is trying to revamp its business.

Buffet’s Berkshire Hathway Inc., possess $ 108.6 billion in cash and equivalents as of the end of March it is thinking to invest in various businesses. Majority of the $ 14.8 billion it invested in equities during the first quarter went to Apple Inc., 

Currently, Buffet happens to be one of the top shareholders of the technology giant Apple Inc., The billionaire also expressed his regret about not investing in Google and Amazon, way before they became technology giants! However, In Buffet’s opinion, he may further consider investing in strong brands with loyal customers than technology based firms. Berkshire Hathway owns more than 90 operating units including, the BNSF railroad, Geico auto insurance, Dairy Queen ice cream, Fruit Of The Loom underwear, See’s Candies and a variety of industrial, utility and chemical operations.

In an interview, Warren Buffet said,

I’m a great admirer of [Uber CEO Dara Khosrowshahi,] some of the reported details are not correct but it’s true that Berkshire had discussions with Uber.

Nevertheless, the deal would have brought Uber a great business for future endeavours!

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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