Both companies will be equal equity partners.
V Prem Watsa, the India-born billionaire and promoter-chairman of Toronto-based Fairfax Financial Holdings, a $30-billion plus insurance and investment company, is often referred to as the "Canadian Buffett," a reference to the famous billionaire founder of Berkshire Hathaway, Warren Buffett.
The fate of US $ 245-million (approx. Rs 1,356 crore at current exchange rates) chlorinated polyvinyl chloride (CPVC) unit, proposed to be set up through a joint venture between billionaire investor Warren Buffet's firm, Lubrizol Corporation and Ahmedabad-based Astral Poly Technik Ltd, is hanging in the balance as there is no progress on the project since the announcement was made in September last year.
He invests like an owner and keeps himself aware of his own weaknesses.
New entrepreneurs and investment gurus can never miss out on Buffet's tips on investment.
'Attractively priced' stocks, healthy debt ratios, plus solid manufacturing prowess position Korea to profit from growth in China and the Mideast.
Warren Buffett is a luminous example of the school of value investing. Starting with an initial fund of $105,000 in 1956, Buffet grew it to $45 billion over the next 50 years, making him the second richest man in the world.
When the votes for the Reader's Choice CEO of the Year by MarketWatch were counted, Dr Ramesh Pandey of Xechem came first, beating Steve Jobs of Apple and Warren Buffett of Berkshire.
Investing calls for much the same qualities as those required to become a first-class ballet dancer or concert pianist.
Toronto-based investment firm, Salida Capital led by Courtenay Wolfe has won the charity auction to dine with billionaire investor Warren Buffett.
The deficit means foreigners are sitting on constantly growing piles of American currency
'I fear Shardul Thakur will have to wait a while to play his next Test match. They will have to look at his bowling. It is not that he scored 40-50 with the bat either. He might not play a Test match for a while now as India will find other ways of strengthening their batting.'
Former Union Carbide chief Warren Anderson, wanted in India in connection with the 1984 Bhopal gas tragedy which claimed over 3,000 lives in one of the world's most lethal industrial accidents, died in Florida, US. He was 92.
Advice from Oracle of Omaha's to shareholders.
Here is the Buffett investment philosophy and his and stock-selection criteria with specific emphasis on their application in a down market and a slowing economy.
Steve Smith's manager debunks former Australian captain's retirement talks
With a gain of $12.7 billion in 2013, Buffett's net worth at the end of the year stands at $59.1 billion. The notable philanthropist had a fortune of $46.4 billion at the beginning of the year.
The Billionaire investor is under pressure to deploy the $44 bn cash on Berkshire's balance sheet.
Berkshire has owned P&G stock since P&G bought Gillette Co in 2005. Buffett had invested in Gillette since 1989.
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
This is yet another large energy deal for Warren Buffett in the western United States.
Prem Jain's 25 years of research is his latest book -- Buffett Beyond Value -- in which he describes the difference between Warren Buffett's attitude towards investing and the academic approach.
La Liga leaders Real Madrid were held to a frustrating 1-1 draw at lowly city rivals Rayo Vallecano on Sunday as Joselu's early strike was cancelled out by Raul de Tomas' penalty, a result that could spice up the title race with surprise package Girona.
Buffett had said in a CNBC interviewthat Yahoo's business had deteriorated significantly and that "something has to change there."
The proceeds from the auction would go to Glide Foundation, an institution that works to alleviate human suffering and poverty in the San Francisco Bay Area. The winner of the annual fundraiser will have lunch with world's second richest man Warren Buffet in New York and can bring up to seven friends along with him, the website stated.
Real Madrid midfielder Luka Modric came off the bench to net a stunning strike from the edge of the box late in the second half to secure a 1-0 home win over Sevilla on Sunday and stretch their lead at the top of La Liga to eight points.
A lot depends upon the crucial decision-making skills of the management. If you have any doubts about the management then you always have the choice of selling your shares or not buying stocks of those companies at all.
West Indies' Jason Holder struck a superb unbeaten 81 and put on 58 runs with number 11 Gudakesh Motie to frustrate South Africa as the tourists were bowled out for 251 before the close on day two of the second and final Test.
Here's how you must teach financial literacy to your children.
Australian batter Steve Smith with his unbeaten knock of 85n.o off 149 took him past many records on the first day of the second Test match of the Ashes 2023 series against England.
According to the ICC, the T20Is will be played on August 18, 20, and 23, all taking place in Malahide.
Greg Abel and Ajit Jain would be prime candidates
Focus on Berkshire's size has grown over the years as it has amassed more than 80 businesses
The 2024 European Championship will be held in Germany from June 14-July 14. Following are the teams who have qualified for the tournament:
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
Injury blow hit the South African camp as Anrich Nortje was ruled out of the second Test against West Indies.
Health issues, divorce, court battles, moral turpitude, and more can all distract the CEO and impinge on a company's performance. So, how much of their private life should a company disclose? asks Amit Tandon.
Biden is not risking his reputation in a crucial election year, argues Ambassador M K Bhadrakumar.
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