His firm, Berkshire Hathaway, sells insurance to buyers who wanted protection from a drop in four major equity indexes. The wager is valid for 20 years! Buffett is wagering the indexes won't tumble and force Berkshire to pay a claim
Looking outward and becoming a global player is the natural corollary of growth at home.
THE FINANCIAL EXPRESS
Sebi sets IDR floor at Rs 50cr
Sebi notifies guidelines for Indian Depository Receipts (IDRs). Minimum investment is Rs 2 lakh, and the minimum size of the issue is Rs 50 crore. NRIs/FIIs barred from IDRs. IDRs to provide new investment avenue for HNIs and QIBs.
YSR takes battle for IT firms to tech capital
AP CM Y S Rajasekara Reddy (YSR) openly wooed Bangalore's tech firms highlighting the better infrastructure in his state and faster decision-making process of his government.
BUSINESS LINE
BHEL rides on exports
FY06 net up 70%, secures orders worth Rs 9,008 crore during the year.
Govt to sign pact today to develop Delhi, Mumbai airports.
May buy out WBIDC's stake instead; seeks time to respond to offer.
