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Prem Watsa's Fairfax buys 26% stake in brokerage IIFL for Rs 1621 cr: Key facts

Jul 14, 2015 at 11:39 | Source: FirstPost

Canadian investor Prem Watsa's Fairfax India Holdings Corp plans to increase its stake in Indian financial services firm IIFL Holdings IIFL to up to 26 percent for $225 million ( Rs 1600 crore) through a share tender offer.IIFL is a diversified finan...

India's 'most generous' man Azim Premji gives away nearly half his Wipro stake to charity

Jul 09, 2015 at 16:50 | Source: FirstPost

Bengaluru: IT czar Azim Premji has given away almost half of his shareholding in Wipro, India's third largest exporter of software services, towards philanthropy.Wipro's billionaire founder has given away an additional 18 per ent of his stake in the ...

Buffett donates record $2.84 billion to Gates, family charities| Reuters

Jul 06, 2015 at 23:31 | Source: FirstPost

REUTERS - Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc (BRKa.N) stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire's plan to give away nearly all of his wealth.The 10...

Ex-Goldman director, Rajat Gupta, fails to void insider trading conviction| Reuters

Jul 02, 2015 at 23:30 | Source: FirstPost

NEW YORK Former Goldman Sachs Group Inc director Rajat Gupta failed to persuade a U.S. judge to overturn his insider trading conviction for passing tips about the bank's financial results and a crucial investment from Warren Buffett's Berkshire Hatha...

News Corp must face Dial, Heinz ad monopoly class action - judge| Reuters

Jun 19, 2015 at 22:45 | Source: FirstPost

NEW YORK News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States.U.S. District Judge William Pauley sa...

World's second richest man Carlos Slim may want a piece of India's telecom pie

May 28, 2015 at 14:35 | Source: FirstPost

The Warren Buffett of Mexico and the world's second richest man Carlos Slim maybe eyeing India for his next big investment and theSlim-controlled America Mvil, the world's fourthlargest telecom company by subscriber base, might already have taken its...

World's second richest man may want a piece of India's telecom pie

May 28, 2015 at 11:55 | Source: FirstPost

The Warren Buffett of Mexico and the world's second richest man Carlos Slim maybe eyeing India for his next big investment and theSlim-controlled America Mvil, the world's fourthlargest telecom company by subscriber base, might already have taken its...

Sensex volatility is no reason for panic; smart money isn't going anywhere

May 08, 2015 at 12:46 | Source: FirstPost

Explaining the markets short-term direction is a mugs game. Even before one has finished explaining why the Bombay Stock Exchange Sensex went down like a stone the other day, today (8 May) it is seems buoyant. After Wednesdays 723-point drop, around ...

In US for Berkshire Hathaway AGM, value investor Parag Parikh dies in car crash

May 04, 2015 at 10:51 | Source: FirstPost

Renowned value investor Parag Parikh was killed in a car accident in Omaha, Nebraska, in the US Sunday, where he was attending the annual shareholder meeting of Warren Buffett's Berkshire Hathaway Corporation.Media reports from the US said Parikh was...

Buffett celebrates 50th year at Berkshire, faces tough questions| Reuters

May 03, 2015 at 12:15 | Source: FirstPost

OMAHA, Neb. (Reuters) - Berkshire Hathaway Inc (BRKa.N) shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he i...

Buffett celebrates 50th year at Berkshire, defends 3G ties| Reuters

May 03, 2015 at 00:30 | Source: FirstPost

OMAHA, Neb. (Reuters) - Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire fielded questions about the company and its future, and explained some business practice...

Mukesh Ambani dethrones Sun Pharma's Dilip Shanghvi as richest Indian: Forbes

Apr 28, 2015 at 11:20 | Source: FirstPost

Reliance Industries chairman Mukesh Ambani on Monday regained his position as the world's richest Indian with a net worth of $19.6 billion, pushing Sun Pharmaceuticals founder Dilip Shanghvi back to the second place after seven weeks.With a fall of $...

Kingfisher to United Spirits: Charting out the great fall of Vijay Mallya

Apr 27, 2015 at 15:16 | Source: FirstPost

Vijay Mallya is too much of a stiff upper lip to have ever read the Urdu poet Mirza Ghalib. But if he has, he would know, that one of Ghalib's most famous couplets, fits the current situation that Mallya is in, very well.Sometime in the nineteenth ce...

With a pay packet of Rs 522.66 cr a year, Microsoft's Nadella is top paid CEO in US

Apr 16, 2015 at 08:37 | Source: FirstPost

New York - With a pay package of $84.3 million (Rs 522.66 crore at Rs 62 a dollar) a year, technology giant Microsoft's Indian-origin chief Satya Nadella has emerged as the top paid CEO in the US, according to a list by Equilar.The Equilar 100 CEO Pa...

Apple's Tim Cook plans to give away all his money to charity

Mar 27, 2015 at 10:42 | Source: FirstPost

Apple Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth.Fortune magazine cited the head of the world's largest technology corporation as saying he planned to donate his estimated $785 million fortune to ...

Heinz deal for Kraft expands food larder for Buffett, 3G

Mar 26, 2015 at 04:15 | Source: FirstPost

(Reuters) - Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc (KRFT.O) in a $46 billion deal to create the third-largest North...

Kraft and Heinz to form North America's No.3 food company

Mar 25, 2015 at 23:45 | Source: FirstPost

REUTERS - Kraft Foods Group Inc (KRFT.O), the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc (BRKa.N), to form North America's third-largest food and beverage com...

China's BYD takes aim at Tesla in battery factory race

Mar 14, 2015 at 04:45 | Source: FirstPost

LOS ANGELES (Reuters) - Chinese automaker BYD (1211.HK) Co Ltd (002594.SZ), backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N), aims to triple its production of batteries as it takes on Tesla Motors (TSLA.O) in the race to supply electric veh...

The Chinese company founder aiming to be Warren Buffett

Mar 06, 2015 at 19:22 | Source: BBC

If you live in the West you've probably never heard of Guo Guangchang - or Fosun, the company he founded and now chairs. But if Mr Guo has his way that is likely to change - and soon. In just two decades he has transformed Fosun into one of Chin...

Forbes rich list: Mukesh Ambani richest Indian for 8th year ; Bill Gates on top globally

Mar 03, 2015 at 07:32 | Source: FirstPost

Mukesh Ambani has retained his position as the richest Indian for the eighth year in a row with a net worth of $21 billion, while moving up one place on the global rich list that has been topped once again by software czar Bill Gates.Among the 90 Ind...

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Sensex yr-end target 26900; cherry-pick pvt banks too: HSBC

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