The US government has asked a court in New York to slap a maximum penalty of $15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm for his "terrible breach of trust" by indulging in insider trading.
Apple promised to appeal.
Smartphone shipments stood at 16.2 million in 2012.
India on Thursday approved small-scale projects worth $100 million for implementation in strife-torn Afghanistan.
Most of the steep rate cuts announced might also not translate into bill savings for subscribers
He noted that the current crisis was triggered by a confluence of factors including increased use of biofuels, surging demand for agri products due to population and economic growth in emerging markets and inadequate supply of cereals -- which is at its lowest levels in three decades. Further aggravating these problems are restrictive protectionist measures taken by some exporting nations, speculation on futures markets and high prices of agricultural inputs, he added.
India's foreign exchange reserves declined by $525 million to reach $1,19,407 million mark for the week ended June 25.
The company will have 9 mn sq ft of property for sale in the second half of 2012-13, which is three times what it sold in the first half.
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
Despite the listed funds outflow, the foreign portfolio investor activity in the region remained upbeat as other participants remained active
Facebook CEO Mark Zuckerberg recently announced that the company had passed the one-billion user milestone globally, making it the first social network to do so.
According to the study, over the last five year GSHIS have contributed to a significant increase in the population covered by health insurance in the country.
The US company will provide equipments for BSNL's network expansion in southern India aimed at adding 2.3 million subscribers in the region, it said in a statement. Under the terms of the contract, Motorola will ship GSM network equipment and provide a network services programme, including both software and hardware support, the statement added.
The organised sector in India has created 739,064 jobs between January and September 2010 and 394,700 more jobs are estimated to be added in the current quarter, according to MaFoi Randstad Employment Trends Survey (METS), an HR services company.
According to the minister, India needs to expand its manufacturing sector to boost exports and ensure sustainability.
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Infosys will develop software for managing the kumbh mela scheduled in Ujjain (Madhya Pradesh) in 2016, he told PTI in an interview.
The UK voted to leave the EU by 52 to 48 per cent in Thursday's referendum but the majority of voters in London, Scotland and Northern Ireland backed the Remain side in a 72 per cent turnout.
Driven by strong adoption of cheaper smartphones and affordable data plans, the number of mobile Internet users in India is expected to reach 213 million by June this year, says a report.
Zomato acquired US-based rival Urbanspoon for about $60 million in one of the biggest overseas deals by an Indian startup
PV Sindhu, Depika Padukone ensured Indian representation on the global front.
With the retail and construction sector expanding their IT infrastructure in the country, the overall revenue of the servers, a data storage device, touched $727 million (about Rs 2,903 crore) in 2007 recording a 24 per cent increase over 2006, a report said.
Leading contract drug maker Jubilant Organosys on Friday announced the acquisition of Canadian speciality drug company DRAXIS Health for $255 million (around Rs 1020 crore). The board of DRAXIS has given its unanimous approval and the transaction is expected to close in the second quarter of 2008 after the necessary shareholder and court approvals.
Tesco proposal entailing investment of $110 million has been cleared, sources said after the FIPB meeting held in New Delhi.
Despite the growing clamour from the central government on India turning digital, and banks requesting direct bank account transfer, the state government decided to hand over cheques to the farmers, which can be immediately converted into cash.
After three months of continuous upsurge, India's foreign exchange reserves recorded an outflow of $698 million to $103.12 billion during the week ended January 16, 2004.
Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.
NRI owned pharma firm Goldshield shelled out 1 million pounds as it was accused of being a part of the cartel fro price fixing.
The consortium beat six others at an auction on Thursday
TCS will deliver application maintenance and support services to Chrysler. The IT services initiative will encompass a portion of the functional areas within Chrysler such as sales and marketing and shared services.
Growth in daily active users was across major markets including Brazil, the United States, and India.
Under Glenmark's 2004 collaborative deal with Forest, the latter had the right to develop and sell the asthma and chronic obstructive pulmonary disorder drug in North America for an upfront payment and additional fees for each developmental milestone that could total $190 million in all. Upon commercialisation, Glenmark will retain the rights for selling the drug for the rest of the world while Forest will continue to sell the drug in North American.
Abidali Neemuchwala, who had joined Wipro in 2015 as group president and chief operating officer, was also given 200,000 in stock options in the financial year ended March 2016.
Citigroup Inc has defended its $75 million settlement with the Securities and Exchange Commission over under-declaration of its subprime mortgage exposure, setting the stage for a federal judge to decide on whether to approve the deal, according to a media report.
Foodgrain stocks held in government godowns amounted to 50.2 million tonnes at the start of the current month, according to the latest data from the Food Corporation of India.
Key executives in Kingfisher Airlines and Air Deccan, which announced merger plans on Wednesday, said the merged company has plans to almost double its fleet from 80 to 158 aircraft over the next five to seven years and raise $250 million through equity infusion to finance its immediate expansion needs.
The US Eximbank is believed to have sanctioned $910 million in loan guarantee towards equipment to be supplied to Anil Ambani Group's Rs 20,000 crore (Rs 200 billion) power project in Madhya Pradesh, India.
GMR Male' International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed $803 million (around Rs 4,987 crore) from the Maldivian government for 'wrongfully' terminating the international airport contract in that country's capital.
Over $2 billion were added to the total reserves in the previous reporting week.
India-born former Goldman Sachs director Rajat Gupta has asked a US appeals court to overturn a court's ruling that he pay a hefty $13.9 million fine in the insider trading case and sought reversing a life ban on him from serving as director of a public company.
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