The net worth of India's richest man, Mukesh Ambani, dropped 28 per cent, or USD 300 million a day for two months to USD 48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday. The chairman and managing director of the diversified Reliance Industries saw his wealth decline by USD 19 billion (app Rs 144,400 crores) in the February-March period, taking his global ranking down eight places to 17th, the Hurun Global Rich List said.
In 2012, American magazine Time named Buffett one of the most influential people in the world.
Jeff 'Amazon' Bezos' $250-million purchase of the iconic Washington Post last week has sparked a debate on why billionaires are buying into a medium that is staring at irrelevance, if not death.
Hedge funds are famous for their price tag - known as "two and 20" - a fee of two per cent of the assets they manage each year and 20 per cent of all gains
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.
Oracle of Omaha will initially invest Rs 1,177 crore (Rs 11.77 billion) in the venture.
Both companies will be equal equity partners.
CarDekho.com - the winner of best and most popular Indian automotive website of the year 2012 has announced the first edition of its awards.
Bezos' total net worth hit $65.05 billion
In a letter to his shareholders, the Berkshire Hathaway chief said he has been diagnosed with 'Stage I prostate cancer' on Wednesday and will begin a two-month treatment of daily radiation in July.
Worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money, says Buffett.
A record-breaking year for the world's billionaires.
Warren Buffett will meet with individuals that have bought insurance policies through his Indian venture Berkshireinsurance.com.
For example, ExxonMobil and Berkshire Hathaway, two of the world's biggest companies, only have default Wikipedia page holders as their Facebook home.
Legendary investor Warren Buffett's recent letter to the shareholders of his company contains five home truths that you can use to secure your investments..
Lubrizol had revenues of $5.4 billion and a global workforce of about 6,900 in 2010.
When it comes to Mr Portnoy, it is hard to claim that his trading patterns are any more logical than his fictional namesake's methods of entertaining himself, notes Devangshu Datta.
No Indian firm could make the cut.
'They treat me much better in India than they do in the United States.'
How well do you know your partner? Take this quiz designed by Rabbi Dr Jonathan Romain and find out for yourself!
The Gupta case is SEC v. Gupta, US District Court, Southern District of New York, No. 11-07566.
Berkshire has reduced its stake as various regulatory inquiries and a slowdown in the business of rating lucrative structured bonds has taken a toll.
At present, the rules do not allow the government to shed stake in the four public sector general insurance companies - New India Assurance, United India Insurance, National Insurance and Oriental Insurance.
Kishore Biyani, the founder of Future Group, is treading cautiously with the initial public offer of his venture capital arm, Future Ventures, this time.
As many as nine companies which suffered the brunt of the economic crisis and were bailed out by the government -- including Citigroup and Goldman Sachs -- are among the least reputed companies in the US, a study said.
The world's richest people have become poorer.
The world's third richest man with a net worth of $47 billion wants to go on working.
The 93-year-old British monarch and Head of the 54-member Commonwealth of nations which includes India, acknowledged the grief, pain and financial difficulties being faced the world over during this "time of disruption" and expressed the hope that the whole world was uniting in a 'common endeavour'.
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.
A 19-year-old man is being questioned on suspicion that he was involved in the murder of a British Indian schoolgirl as she walked home along an unlit riverside footpath.
Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.
A gush of Federal money helped in avoiding an economic meltdown.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Copying the portfolios of big-time investors is unlikely to yield comparable returns.
New book goes deep into Buffett's heart and soul and finds value in both places
Brad Pitt to join Jude Law and Robert Downey Jr in Guy Ritchie's Sherlock Holmes.
The inventor of iPhone, Apple, for the second year in a row has topped the Fortune list of the most admired companies in the world, but no Indian company has made the cut.
British scientists are secretly working on the design of a revamped nuclear warhead at the Atomic Weapons Establishment at Aldermaston in Berkshire.
For those who believe only grey cells set apart leaders from the rest, there is another hair raising observation among corporate America that most of the successful CEOs including Pepsico's Indra Nooyi part their hair to the left, says US business magazine Fortune.
Though Buffett, chief of the Berkshire Hathaway holding company, supported Obama in the race for the White House, McCain was all praise for Buffett's contribution to the global economic crisis.
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