Private Equity: Braits' earnings rise 50% | Private Equity Africa

Private Equity: Braits' earnings rise 50% | Private Equity Africa

Private Equity: South Africa private equity investor Brait has reported a 50% year-on-year rise in attributable earnings, bolstered by its equity and debt investments.

The company saw its earnings reach R115.7 million as at the end of September 2010, 50% higher than the R77.3 million recorded in 2009. Brait, whose businesses include mezzanine, debt and hedge fund investing also recorded a 10% rise in assets under management to R14.9 billion in the period.

“Despite challenging conditions, our private equity portfolio companies continue to achieve strong operating performance while our public markets’ funds are on track to exceed their target returns for the year,” said Antony Ball, Brait’s chief executive officer. Read More

Private Equity: Braits' earnings rise 50% | Private Equity Africa

Private Equity: Braits' earnings rise 50% | Private Equity Africa

Private Equity: South Africa private equity investor Brait has reported a 50% year-on-year rise in attributable earnings, bolstered by its equity and debt investments.

The company saw its earnings reach R115.7 million as at the end of September 2010, 50% higher than the R77.3 million recorded in 2009. Brait, whose businesses include mezzanine, debt and hedge fund investing also recorded a 10% rise in assets under management to R14.9 billion in the period.

“Despite challenging conditions, our private equity portfolio companies continue to achieve strong operating performance while our public markets’ funds are on track to exceed their target returns for the year,” said Antony Ball, Brait’s chief executive officer. Read More

Private Equity: ET Solar Announces US$50 million private equity placement

Private Equity: ET Solar Announces US$50 million private equity placement

Private Equity: ET Solar Group Corp. , a solar power one-stop solution provider, recently announces a US$50 million common equity issuance to an existing investor of ET Solar.Mr. Fischer Chen, Vice President and Chief Financial Officer of ET Solar, commented: “The transaction demonstrates our existing investor’s confidence on ET Solar and the growth prospect of solar industry.

It will strengthen our ability to increase our vertical integration and expand our manufacturing capacity that is a very important factor for our growth and competitiveness going forward.”In total, ET Solar has raised approximately US$ 100 million proceeds through the issuance of preferred and convertible shares and common shares since 2008. Read More

Private Equity: ET Solar Announces US$50 million private equity placement

Private Equity: ET Solar Announces US$50 million private equity placement

Private Equity: ET Solar Group Corp. , a solar power one-stop solution provider, recently announces a US$50 million common equity issuance to an existing investor of ET Solar.Mr. Fischer Chen, Vice President and Chief Financial Officer of ET Solar, commented: “The transaction demonstrates our existing investor’s confidence on ET Solar and the growth prospect of solar industry.

It will strengthen our ability to increase our vertical integration and expand our manufacturing capacity that is a very important factor for our growth and competitiveness going forward.”In total, ET Solar has raised approximately US$ 100 million proceeds through the issuance of preferred and convertible shares and common shares since 2008. Read More

Private Equity: Global private equity on the rise

Private Equity: Global private equity on the rise

Private Equity: Private equity-backed M&A has risen by 51 per cent over the same period last year, with transactions totalling $128.2 billion (£80.4 billion).

The findings from Thomson Reuters also found that buyouts in the healthcare sector reached $12.6 billion, a 58 per cent increase from 2010 levels.

David Silver, co-head of European investment banking at Baird, says that trade buyers that weathered the recession well and emerged with strong balance sheets are now being proactive in approaching high priority targets, leading to healthy competition with private equity buyers.

Silver adds: ‘Private equity firms are now keen to show returns to aid fundraising through exits for businesses that have come out of the recession in good shape.

‘Private equity is now focused on aggressively deploying capital in the absence of trade buyers in certain processes.’

For the year so far in 2011 the UK contributed $10.7 billion of private equity M&A, a fall of 1 per cent, with the bulk of the 51 per cent rise in global figures attributable to the United States which posted an increase of 25 per cent to $53.3 billion.

UK M&A bucked the trend of European M&A improvement by falling 6 per cent, with other nations including Germany, Italy and France posting healthy increases. Read More

Private Equity: Global private equity on the rise

Private Equity: Global private equity on the rise

Private Equity: Private equity-backed M&A has risen by 51 per cent over the same period last year, with transactions totalling $128.2 billion (£80.4 billion).

The findings from Thomson Reuters also found that buyouts in the healthcare sector reached $12.6 billion, a 58 per cent increase from 2010 levels.

David Silver, co-head of European investment banking at Baird, says that trade buyers that weathered the recession well and emerged with strong balance sheets are now being proactive in approaching high priority targets, leading to healthy competition with private equity buyers.

Silver adds: ‘Private equity firms are now keen to show returns to aid fundraising through exits for businesses that have come out of the recession in good shape.

‘Private equity is now focused on aggressively deploying capital in the absence of trade buyers in certain processes.’

For the year so far in 2011 the UK contributed $10.7 billion of private equity M&A, a fall of 1 per cent, with the bulk of the 51 per cent rise in global figures attributable to the United States which posted an increase of 25 per cent to $53.3 billion.

UK M&A bucked the trend of European M&A improvement by falling 6 per cent, with other nations including Germany, Italy and France posting healthy increases. Read More

Private Equity: 3i shareholders revolt over chief’s pay plans

Private Equity: 3i shareholders revolt over chief’s pay plans

Private Equity: Shareholders’ anger at 3i’s lacklustre share price performance bubbled over, as they launched a protest vote on plans to raise the pay package of Michael Queen, the private equity group’s chief executive.

Only 68 per cent approved an extension of a discretionary share plan, in a warning shot over the proposals on his remuneration.

Shareholders are dismayed at 3i’s share price, which has trailed the FTSE 250 index by 19 per cent since the start of the year.

This week’s vote overshadowed news that 3i will bring in Simon Borrows, chairman of Greenhill International, as chief investment officer, and that it became the first European group to be granted the right to launch a renminbi-denominated fund in China.

Instead, it brought to the fore discontent among shareholders and some investors in its private equity funds over perceived management weaknesses.

While most seem to accept the strategy to diversify into debt and infrastructure to level out the volatility of the private equity business, some question Mr Queen’s timing and management. Read More

Private Equity: 3i shareholders revolt over chief’s pay plans

Private Equity: 3i shareholders revolt over chief’s pay plans

Private Equity: Shareholders’ anger at 3i’s lacklustre share price performance bubbled over, as they launched a protest vote on plans to raise the pay package of Michael Queen, the private equity group’s chief executive.

Only 68 per cent approved an extension of a discretionary share plan, in a warning shot over the proposals on his remuneration.

Shareholders are dismayed at 3i’s share price, which has trailed the FTSE 250 index by 19 per cent since the start of the year.

This week’s vote overshadowed news that 3i will bring in Simon Borrows, chairman of Greenhill International, as chief investment officer, and that it became the first European group to be granted the right to launch a renminbi-denominated fund in China.

Instead, it brought to the fore discontent among shareholders and some investors in its private equity funds over perceived management weaknesses.

While most seem to accept the strategy to diversify into debt and infrastructure to level out the volatility of the private equity business, some question Mr Queen’s timing and management. Read More

Private Equity: U.K. Private Banks Are Looking at Riskier Assets, FT Reports

Private Equity: U.K. Private Banks Are Looking at Riskier Assets, FT Reports

Private Equity: Britain’s private banks have 17 percent of clients’ cash in hedge funds, private equity, commodities and real estate, up from 7 percent at the end of 2009, the Financial Times reported, citing a study by Scorpio Partnership, a firm of wealth-management consultants.

This indicates that wealth managers are overcoming the aversion to so-called alternative assets that resulted from the financial crisis and are ready to contemplate more risk, the newspaper said. Read More

Private Equity: U.K. Private Banks Are Looking at Riskier Assets, FT Reports

Private Equity: U.K. Private Banks Are Looking at Riskier Assets, FT Reports

Private Equity: Britain’s private banks have 17 percent of clients’ cash in hedge funds, private equity, commodities and real estate, up from 7 percent at the end of 2009, the Financial Times reported, citing a study by Scorpio Partnership, a firm of wealth-management consultants.

This indicates that wealth managers are overcoming the aversion to so-called alternative assets that resulted from the financial crisis and are ready to contemplate more risk, the newspaper said. Read More

Private Equity: Private banks seeking out riskier assets

Private Equity: Private banks seeking out riskier assets

Private Equity: Private banks have overcome their post-crisis aversion to private equity and hedge funds and are ploughing client money back into alternative assets in search of higher returns, according to a new study.

Client portfolios across some of the UK’s largest wealth management firms now have 17 per cent on average in so-called alternatives – hedge funds, private equity, commodities and real estate – up from 7 per cent at the end of 2009, according to a study by Scorpio Partnership, the wealth management consultants.

Wealth managers are taking on more risk in search of higher returns as equity markets look increasingly volatile, fixed-income returns fade and rates on cash remain low.

“It’s the endless quest for something that is not correlated with traditional equity markets,” said Rob Burgeman, a director at Brewin Dolphin, the wealth manager.

The amount of client portfolios held in cash has fallen from 11 per cent to 4 per cent since the end of 2009, while fixed-income holdings also decreased slightly from 33 to 30 per cent.

Wealth managers have been taking a fresh look at how they assess risk in the wake of the financial crisis. Client portfolios are far more likely to undergo stress-testing for unexpected scenarios than before the downturn, when managers still relied on historical performance and volatility when making decisions.

Many have updated their asset allocation models as a result. Before last year, Barclays Wealth, the private banking arm of Barclays, had no exposure to alternatives at all in its model portfolios. Read More

Private Equity: Private banks seeking out riskier assets

Private Equity: Private banks seeking out riskier assets

Private Equity: Private banks have overcome their post-crisis aversion to private equity and hedge funds and are ploughing client money back into alternative assets in search of higher returns, according to a new study.

Client portfolios across some of the UK’s largest wealth management firms now have 17 per cent on average in so-called alternatives – hedge funds, private equity, commodities and real estate – up from 7 per cent at the end of 2009, according to a study by Scorpio Partnership, the wealth management consultants.

Wealth managers are taking on more risk in search of higher returns as equity markets look increasingly volatile, fixed-income returns fade and rates on cash remain low.

“It’s the endless quest for something that is not correlated with traditional equity markets,” said Rob Burgeman, a director at Brewin Dolphin, the wealth manager.

The amount of client portfolios held in cash has fallen from 11 per cent to 4 per cent since the end of 2009, while fixed-income holdings also decreased slightly from 33 to 30 per cent.

Wealth managers have been taking a fresh look at how they assess risk in the wake of the financial crisis. Client portfolios are far more likely to undergo stress-testing for unexpected scenarios than before the downturn, when managers still relied on historical performance and volatility when making decisions.

Many have updated their asset allocation models as a result. Before last year, Barclays Wealth, the private banking arm of Barclays, had no exposure to alternatives at all in its model portfolios. Read More

Private Equity: Wealth managers turn to private equity for high returns

Private Equity: Wealth managers turn to private equity for high returns

Private Equity: A survey of 22 senior wealth professionals, with around $5.7 trillion of assets under management, found that half were planning to increase their private equity allocation over the next 12 months.

The research, which was conducted by wealth consultancy Scorpio Partnership and LPEQ, the industry association of listed private equity investment companies, between April and June, found that nearly 40% of respondents planned to invest in listed private equity vehicles in the next year.

More than half of those surveyed said that liquidity – the ability to access and exit on demand – made private equity an attractive asset class. Other reasons given included the ability to control allocation, diversification and getting exposure to private equity at discounted prices.

Cath Tillotson, managing partner at Scorpio, said that wealth managers were embracing private equity as a way of beating inflation and volatility.

Andrea Lowe, executive director at LPEQ, added that increased allocation of the asset class did not signal renewed confidence among wealth managers but the desire to “chase returns”.

Despite this, hedge funds continued to dominate alternative investments in wealth managers’ portfolios, accounting for an average weighting of 58% compared to 11% in private equity. Read More

Private Equity: Wealth managers turn to private equity for high returns

Private Equity: Wealth managers turn to private equity for high returns

Private Equity: A survey of 22 senior wealth professionals, with around $5.7 trillion of assets under management, found that half were planning to increase their private equity allocation over the next 12 months.

The research, which was conducted by wealth consultancy Scorpio Partnership and LPEQ, the industry association of listed private equity investment companies, between April and June, found that nearly 40% of respondents planned to invest in listed private equity vehicles in the next year.

More than half of those surveyed said that liquidity – the ability to access and exit on demand – made private equity an attractive asset class. Other reasons given included the ability to control allocation, diversification and getting exposure to private equity at discounted prices.

Cath Tillotson, managing partner at Scorpio, said that wealth managers were embracing private equity as a way of beating inflation and volatility.

Andrea Lowe, executive director at LPEQ, added that increased allocation of the asset class did not signal renewed confidence among wealth managers but the desire to “chase returns”.

Despite this, hedge funds continued to dominate alternative investments in wealth managers’ portfolios, accounting for an average weighting of 58% compared to 11% in private equity. Read More

Private Equity: Banks 'returning to private equity'

Private Equity: Banks 'returning to private equity'

Private Equity: UK banks are showing an increasing interest in alternative assets including private equity, according to new data.

A new study has suggested Britain's banks are showing an increasing interest in risky assets such as private equity and hedge funds, with confidence returning to the sector after the uncertainty which followed the financial crisis.

The Financial Times reports that data compiled by wealth management consultant Scorpio Partnership found that an average of 17 per cent of wealth management firms' portfolios was concentrated in alternative assets.

"Private banks are by nature cautious with their clients' money," said Scorpio managing partner Catherine Tillotson. "The whole alternative industry has looked to get its house in order."

Barclays Wealth, which had no exposure to equity investment at all until last year, now has 16 per cent in alternatives. However, wider holdings remain some way below the peak reached during the first quarter of 2009, when they stood at 24 per cent.

Last week, the newspaper revealed a Mergermarket study indicated a resurgence in the global private equity industry, with first-half deals worth more than £80 billion taking place. Read More

Private Equity: Banks 'returning to private equity'

Private Equity: Banks 'returning to private equity'

Private Equity: UK banks are showing an increasing interest in alternative assets including private equity, according to new data.

A new study has suggested Britain's banks are showing an increasing interest in risky assets such as private equity and hedge funds, with confidence returning to the sector after the uncertainty which followed the financial crisis.

The Financial Times reports that data compiled by wealth management consultant Scorpio Partnership found that an average of 17 per cent of wealth management firms' portfolios was concentrated in alternative assets.

"Private banks are by nature cautious with their clients' money," said Scorpio managing partner Catherine Tillotson. "The whole alternative industry has looked to get its house in order."

Barclays Wealth, which had no exposure to equity investment at all until last year, now has 16 per cent in alternatives. However, wider holdings remain some way below the peak reached during the first quarter of 2009, when they stood at 24 per cent.

Last week, the newspaper revealed a Mergermarket study indicated a resurgence in the global private equity industry, with first-half deals worth more than £80 billion taking place. Read More

incometaxindia, income tax india, income tax, incometax, income tax department

incometaxindia, income tax india, income tax, incometax, income tax department

Log on to file your tax returns

The deadline of filing returns, July 31, is round the corner, so you better rush. While most delegate the task to consultants and agents, increasingly people are doing it themselves through e-filing. The total number of e-filing in assessment year (AY) 2010-2011 was 9.2 million, about 25% of the

estimated total taxpayers’ base of 36 million. In the retail category, about three million e-filed last AY. A large chunk of this was done through the income-tax (I-T) department site and many were done by chartered accountants on behalf of their clients.

Why e-filing

E-filing not only offers you the convenience of filing taxes anytime and anywhere, it also speeds up the process. “Online filing is pretty safe. Tax auditors have to file company ITR online compulsorily. Many tax consultants are also choosing the online route,” said Anil Rego, CEO and founder, Right Horizons, an investment advisory and wealth management firm.

Where you can e-file

The I-T department offers the e-filing facility, other sites include Taxspanner.com, Taxyogi.com, Taxsmile.com and taxshax.com. Independent mutual fund portal, Fundsindia.com, has also tied up with Taxyogi.com to facilitate free e-filing. A few banks including Canara Bank Ltd, Punjab National Bank, Syndicate Bank and Dhanlaxmi Bank Ltd also have a tie-up with Taxspanner.com.

How to e-file

Step 1: Gather all relevant documents — Form 16, permanent account number (PAN), statements of income from other sources, including savings bank account statements, investment proofs and insurance policy details.

Step 2: Register with the site of your choice and fill in your details in the applicable ITR form online. You could choose among the various packages according to your requirements. A basic package is for salaried individuals and pensioners having an interest income and income from house property and from other sources. Apart from providing basic facilities, the advanced package comes with value-added services such as review by tax experts. The professional package is meant for those having their own consulting firms or are professionals.

While the I-T department lets you file your returns online for free, most other portals charge a fee.

Step 3: Make the payment after you have reviewed your form. In case you need to pay some tax, visit www.tin-nsdl.com, select the required challan and make a payment through Internet banking. Once you receive the challan identification number, acknowledging your payment, your taxes are paid. Ensure that you save a copy of the challan.

Step 4: The portal will email your ITR form in a digital format (XML file). Upload this form at the I-T department's website (www.incometaxindia.gov.in) after registering with it. Download the acknowledgement receipt (ITR V) and take a printout. Sign the printout and send it to the I-T department, Bangalore, within 120 days of e-filing. Once you receive a confirmation from the department, your e-filing is complete.

You can even sign ITR V digitally. Some websites offer a digital signature, an electronic signature that authenticates your identity and your documents to the income-tax department. It comes for a fee and has to be renewed every year. Read More

बहुत 'सहज' है रिटर्न भरना

सत्येंद्र जैन

इनकम टैक्स विभाग ने करदाताओं को रिटर्न भरना आसान करने के लिए नया टैक्स रिटर्न फॉर्म 'सहज' जारी किया है। इसे आईटीआर-1 नाम दिया गया है और इसे सिर्फ सैलरीड लोग ही इस्तेमाल कर सकते हैं। इस फॉर्म का इस्तेमाल करने के लिए जरूरी है कि सैलरी पाने वाले शख्स के पास एक से ज्यादा मकान न हों, उसे रेसकोर्स और लॉटरी से कोई आमदनी न हो, टैक्स फ्री के अलावा कोई दूसरा कैपिटल गेन न हो, व्यावसायिक आमदनी न हो और उसकी खेती से होने वाली आमदनी पांच हजार रुपये से ज्यादा न हो। यानी सहज फॉर्म का इस्तेमाल सैलरी पाने वाले वही लोग कर सकते हैं, जिनके पास एक ही मकान हो और दूसरे सोतों से आमदनी लॉटरी और रेसकोर्स छोड़कर हो। ध्यान रहे अगर किसी और शख्स जैसे नाबालिग संतान या पति-पत्नी की आमदनी भी आपकी आमदनी में जुड़नी है, तो उनकी आमदनी भी इन्हीं सोतों से हो।

इसके अलावा, इस फॉर्म में पिछले बरसों से लाई गई हानि या अगले सालों में ले जाई जाने वाली हानि को दिखाना मुमकिन नहीं है। इसलिए जो लोग ऐसी हानि दिखाना चाहते हैं, वे भी इस फॉर्म का इस्तेमाल नहीं कर सकते। इतनी सारी ना-ना सुनने से घबराए नहीं। यह फॉर्म महज दो पेज का है और भरने में बहुत आसान है। इसमें दूसरे फॉमोर्ं की तरह आमदनी का ब्यौरा देना जरूरी नहीं है। बिना कोई कागज जैसे टीडीएस सटिर्फिकेट आदि लगाए आप इसे जमा कर सकते हैं। अगर आप चाहते हैं कि टैक्स रिटर्न जल्दी प्रॉसेस हो और आपको रिफंड भी जल्दी मिले, तो टैक्स रिटर्न ऑनलाइन जमा करें। इसके लिए इनकम टैक्स की वेबसाइट www.incometaxindia.gov.in पर जा सकते हैं। Read More

incometaxindia, income tax india, income tax, incometax, income tax department

incometaxindia, income tax india, income tax, incometax, income tax department

Log on to file your tax returns

The deadline of filing returns, July 31, is round the corner, so you better rush. While most delegate the task to consultants and agents, increasingly people are doing it themselves through e-filing. The total number of e-filing in assessment year (AY) 2010-2011 was 9.2 million, about 25% of the

estimated total taxpayers’ base of 36 million. In the retail category, about three million e-filed last AY. A large chunk of this was done through the income-tax (I-T) department site and many were done by chartered accountants on behalf of their clients.

Why e-filing

E-filing not only offers you the convenience of filing taxes anytime and anywhere, it also speeds up the process. “Online filing is pretty safe. Tax auditors have to file company ITR online compulsorily. Many tax consultants are also choosing the online route,” said Anil Rego, CEO and founder, Right Horizons, an investment advisory and wealth management firm.

Where you can e-file

The I-T department offers the e-filing facility, other sites include Taxspanner.com, Taxyogi.com, Taxsmile.com and taxshax.com. Independent mutual fund portal, Fundsindia.com, has also tied up with Taxyogi.com to facilitate free e-filing. A few banks including Canara Bank Ltd, Punjab National Bank, Syndicate Bank and Dhanlaxmi Bank Ltd also have a tie-up with Taxspanner.com.

How to e-file

Step 1: Gather all relevant documents — Form 16, permanent account number (PAN), statements of income from other sources, including savings bank account statements, investment proofs and insurance policy details.

Step 2: Register with the site of your choice and fill in your details in the applicable ITR form online. You could choose among the various packages according to your requirements. A basic package is for salaried individuals and pensioners having an interest income and income from house property and from other sources. Apart from providing basic facilities, the advanced package comes with value-added services such as review by tax experts. The professional package is meant for those having their own consulting firms or are professionals.

While the I-T department lets you file your returns online for free, most other portals charge a fee.

Step 3: Make the payment after you have reviewed your form. In case you need to pay some tax, visit www.tin-nsdl.com, select the required challan and make a payment through Internet banking. Once you receive the challan identification number, acknowledging your payment, your taxes are paid. Ensure that you save a copy of the challan.

Step 4: The portal will email your ITR form in a digital format (XML file). Upload this form at the I-T department's website (www.incometaxindia.gov.in) after registering with it. Download the acknowledgement receipt (ITR V) and take a printout. Sign the printout and send it to the I-T department, Bangalore, within 120 days of e-filing. Once you receive a confirmation from the department, your e-filing is complete.

You can even sign ITR V digitally. Some websites offer a digital signature, an electronic signature that authenticates your identity and your documents to the income-tax department. It comes for a fee and has to be renewed every year. Read More

बहुत 'सहज' है रिटर्न भरना

सत्येंद्र जैन

इनकम टैक्स विभाग ने करदाताओं को रिटर्न भरना आसान करने के लिए नया टैक्स रिटर्न फॉर्म 'सहज' जारी किया है। इसे आईटीआर-1 नाम दिया गया है और इसे सिर्फ सैलरीड लोग ही इस्तेमाल कर सकते हैं। इस फॉर्म का इस्तेमाल करने के लिए जरूरी है कि सैलरी पाने वाले शख्स के पास एक से ज्यादा मकान न हों, उसे रेसकोर्स और लॉटरी से कोई आमदनी न हो, टैक्स फ्री के अलावा कोई दूसरा कैपिटल गेन न हो, व्यावसायिक आमदनी न हो और उसकी खेती से होने वाली आमदनी पांच हजार रुपये से ज्यादा न हो। यानी सहज फॉर्म का इस्तेमाल सैलरी पाने वाले वही लोग कर सकते हैं, जिनके पास एक ही मकान हो और दूसरे सोतों से आमदनी लॉटरी और रेसकोर्स छोड़कर हो। ध्यान रहे अगर किसी और शख्स जैसे नाबालिग संतान या पति-पत्नी की आमदनी भी आपकी आमदनी में जुड़नी है, तो उनकी आमदनी भी इन्हीं सोतों से हो।

इसके अलावा, इस फॉर्म में पिछले बरसों से लाई गई हानि या अगले सालों में ले जाई जाने वाली हानि को दिखाना मुमकिन नहीं है। इसलिए जो लोग ऐसी हानि दिखाना चाहते हैं, वे भी इस फॉर्म का इस्तेमाल नहीं कर सकते। इतनी सारी ना-ना सुनने से घबराए नहीं। यह फॉर्म महज दो पेज का है और भरने में बहुत आसान है। इसमें दूसरे फॉमोर्ं की तरह आमदनी का ब्यौरा देना जरूरी नहीं है। बिना कोई कागज जैसे टीडीएस सटिर्फिकेट आदि लगाए आप इसे जमा कर सकते हैं। अगर आप चाहते हैं कि टैक्स रिटर्न जल्दी प्रॉसेस हो और आपको रिफंड भी जल्दी मिले, तो टैक्स रिटर्न ऑनलाइन जमा करें। इसके लिए इनकम टैक्स की वेबसाइट www.incometaxindia.gov.in पर जा सकते हैं। Read More

Warren Buffett; Buffett to peruse Groupon's IPO filing, Buffett eyes Groupon, Exelon, ADM

Warren Buffett; Buffett to peruse Groupon's IPO filing, Buffett eyes Groupon, Exelon, ADM

Renowned investor Warren Buffett will read Groupon Inc.'s filings for an initial public offering, according to a report.

Mr. Buffett told Bloomberg TV he hopes to buy another company this year and that Chicago-based Exelon Corp. and Decatur-based Archer Daniels Midland Co. are the types of firms that interest him.

He declined to comment on specific targets to Bloomberg TV.

ADM's stock was up a little less than 1% in premarket trading Friday.

Groupon, ADM and Exelon declined to comment to Crain's.

Chicago-based Groupon, a dail-deal coupon site, filed last month for an IPO. Read More

Warren Buffett; Buffett to peruse Groupon's IPO filing, Buffett eyes Groupon, Exelon, ADM

Warren Buffett; Buffett to peruse Groupon's IPO filing, Buffett eyes Groupon, Exelon, ADM

Renowned investor Warren Buffett will read Groupon Inc.'s filings for an initial public offering, according to a report.

Mr. Buffett told Bloomberg TV he hopes to buy another company this year and that Chicago-based Exelon Corp. and Decatur-based Archer Daniels Midland Co. are the types of firms that interest him.

He declined to comment on specific targets to Bloomberg TV.

ADM's stock was up a little less than 1% in premarket trading Friday.

Groupon, ADM and Exelon declined to comment to Crain's.

Chicago-based Groupon, a dail-deal coupon site, filed last month for an IPO. Read More