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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...

Buffett says "no jockeying" between Jain, Abel for top post - CNBC

Mar 03, 2015 at 03:45 | Source: FirstPost

NEW YORK (Reuters) - Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway, told CNBC on Monday that Berkshire executives Ajit Jain and Greg Abel were not angling for the top Berkshire job. In Berkshire's annual...

Corrected - Bill Gates tops Forbes rich list, Michael Jordan joins

Mar 03, 2015 at 01:30 | Source: FirstPost

(Reuters) - (The story was refiled to correct Mark Zuckerberg's net worth in paragraph 10 to $33.4 billion from $34.8 billion, which Forbes reported as his net worth in real time as of Monday. Zuckerberg's ranking is unaffected.)Bill Gates stands ato...

Mukesh Ambani richest Indian for 8th year, Gates leads global list: Forbes

Mar 02, 2015 at 22:33 | Source: FirstPost

New York: Mukesh Ambani has retained his position as the richest Indian for the eighth year in a row with a networth 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 t...

Bill Gates is named world's richest person again

Mar 02, 2015 at 21:27 | Source: BBC

Bill Gates has been declared the richest man in the world for the second year running by Forbes magazine's annual ranking of global billionaires. The Microsoft founder once again beat Mexican businessman Carlos Slim to the top spot. Mr Gates...

India-born Ajit Jain in race for Warren Buffett successor in Berkshire Hathway

Mar 01, 2015 at 11:40 | Source: FirstPost

Warren Buffett, the billionaire chief executive of Berkshire Hathaway Inc, told investors on Saturday that the company had found his successor, and the company's vice chairman, Charlie Munger, identified two Berkshire executives as candidates.In Berk...

Buffett looks to succession, signals future growth problem

Mar 01, 2015 at 09:45 | Source: FirstPost

NEW YORK (Reuters) - In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. But he now says:...

Tesco accounts face fresh inquiry

Feb 04, 2015 at 02:16 | Source: BBC

The Financial Reporting Council (FRC) has announced an inquiry into Tesco's accounts for 2012, 2013 and 2014. The FRC is an independent disciplinary body for UK accountants and actuaries. The FRC's investigation will include business servic...

World must prepare for war against a global pandemic, says Bill Gates

Jan 28, 2015 at 21:39 | Source: FirstPost

Berlin:Billionaire philanthropist Bill Gates says the world must use the lessons from battling Ebola to prepare for any future "war" against a global killer disease, with the help of new technology.Gates, in Berlin for a donor conference of...

Alibaba's Jack Ma to SoftBank's Son: Check out the biggest moneybags and billionaire losers of 2014

Dec 18, 2014 at 14:11 | Source: FirstPost

While Alibaba founder and executive chairman Jack Ma was the biggest financial winner of 2014, according to a new report from research firm Wealth-X, the individual who lost the most money this year is none other than Russian energy tycoon Leonid Mik...

Warren Buffett swapping $4.7B P&G stake to acquire its battery unit Duracell

Nov 14, 2014 at 18:00 | Source: VC Circle

US-based Berkshire Hathaway Inc, the firm run by billionaire value investor Warren Buffett, has agreed to acquire consumer products company Procter & Gamble Co's (P&G) Duracell battery business in an innovative tax efficient s...

Buffett Duracell Deal Sets Energizer as Target: Real M&A

Nov 14, 2014 at 12:01 | Source: Bloomberg

Warren Buffett's purchase of Duracell yesterday may embolden acquirers to go after Energizer Holdings Inc.'s battery unit. Berkshire Hathaway Inc., headed by Buffett, is swapping its Procter & Gamble Co. stock for Duracell in ...

Three Firms Advise on Duracell Deal: Business of Law

Nov 14, 2014 at 12:01 | Source: Bloomberg

Munger Tolles & Olson LLP represented longtime client Berkshire Hathaway Inc. (BRK/A) in its deal to acquire the Duracell battery business from Procter & Gamble Co. (PG) Jones Day represented P&G in the stock swap as Chairman ...

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