The $6,00,000 fine by Financial Industry Regulatory Authority, which oversees broker dealers, comes after the US authorities hardened their stance on offshore tax operations with a series of actions in the past few months.
In an interview to the Financial Times, AIG Chief Executive Officer Robert Benmosche said it would take at least two years for AIG to sell businesses and earn enough profits to repay the government and persuade it to sell its 80 per cent stake.
Just a decade ago, a kind of muscular nationalism was the leitmotif for talent management within Indian corporations. Any suggestion of bringing in foreign talent had managers bristling with indignation.
Microsoft has also approached other big online publishers to persuade them to remove their sites from Google's search engine
On the funding gap for infrastructure development, estimated to be $190 billion, Singh said the government was relying on a combination of public investment and public-private-partnership for financing the mega projects.
Tata group-owned Jaguar Land Rover (JLR) has secured a 170 million pounds (about $ 284 million) loan from GE Capital in a move to strengthen its financial position, media report says.
The Indian School of Business (ISB) is the only one in the country to find a place in the list of top 20 B-schools in the world, published by the Financial Times.
Many fear that in practice if banks make their customers pay to hold their money, it might lead to a situation where consumers hold on to cash.
Citigroup will limit the cash bonuses for its bankers at below $1,00,000 in a move to defuse public uproar over compensation, says a media report.
The US Justice Department has initiated a probe into the hiring behaviour of some of the largest American technology companies, including Google, Apple and Yahoo, says a media report.
'The three tycoons I deal with in the first chapter -- Ambani, Mallya and Adani -- in their own way represent the change that has come over India.' 'Of the three of them, Mallya is the most fun. He was terrific.' 'And I don't say that because I tell the story in the book of his golden toilet.'
The Financial Times report citing Altavilla's court testimony stated that, "Fiat will name chief executive Sergio Marchionne, Alfredo Altavilla, its head of business development, and Lucio Noto, former vice-chairman of ExxonMobil, to the board of new Chrysler." Altavilla also said Marchionne should be named chief executive and "spend a substantial amount of time in Detroit."
Jignesh Shah-promoted MCX Stock Exchange (MCX SX) will partner London-based index calculator FTSE to create new index opportunities for the Indian financial markets.
Citigroup is planning to sell its energy-trading unit Phibro, which came under flak for the huge pay package of $100 million handed over to its star trader Andrew Hall.
Goldman Sachs will receive $1 billion, while US taxpayers will lose $2.3 billion if embattled commercial lender CIT files for bankruptcy protection.
Though the preparatory work has been under way for two years, the financial effect of abandoning the plants would be 'negligible' since no land had so far been acquired and no building work has been done.
"Citigroup is close to a secret agreement with one of its main regulators that will increase scrutiny of the US bank and force it to fix financial, managerial and governance issues," The Financial Times has reported. Attributing to people close to the situation, the daily said the deal had been discussed in recent weeks amid increased pressure on Citi from the Federal Deposit Insurance Corporation and could be finalised soon.
Indra Nooyi, chairman and CEO, PepsiCo has topped the Financial Times list of top 50 women in world business.
President Asif Ali Zardari has said that Pakistan will not allow its territory to be used against India for any acts of terror and is ready to cooperate with it to punish the perpetrators of the Mumbai terror attacks. "Pakistan is ready to cooperate with India to punish the perpetrators of the terror attacks in Mumbai. Pakistan has assured that it would not allow its territory to be used against India for any acts of terror," Zardari told the Financial Times.
Soaring security expenses mean this month's parliamentary election will cost India over 50 per cent more than the last such poll in 2004.
Days after the United States Senate approved a $1.5 billion package for Pakistan, including $400 million in military assistance, Pakistan Interior Minister Rehman Malik told The Financial Times that his government has put Punjab and Sindh on high alert to avert the possibility that Taliban terrorists, fleeing the military offensive in the Swat valley and Waziristan, may seek refuge in these areas.
Pearson owns various businesses, including the Financial Times Group, Pearson Education and the Penguin Group. Educomp is an education services provider, while Bangalore-based TutorVista is an online tutoring company.
The New York Times report citing a person who saw Jobs at the Apple campus said that 'Jobs was actually at work on Apple's sprawling corporate campus on Monday.' 'However, company representatives did not say whether he had returned permanently,' it added.
The Indian School of Business, ranked in the top 12 global B-schools by the Financial Times, has increased its tuition fee to Rs 15.3 lakh per annum -- Rs 80,000 more than Rs 14.5 lakh it charged last year. The non-refundable fee remained at Rs 2 lakh.
The company is set to be India's first microlender to become a bank
The US Federal Reserve has earned a whopping $14 billion profit on loan programmes made in the last two years, says a media report.
Pakistan has welcomed India's decision to withdraw troops from some areas in Jammu and Kashmir.
Private banks in Switzerland are not allowing their top executives to travel abroad because of the apprehension that they would be detained, as the authorities are cracking the whip on banks over secrecy matters, says a media report.
Pakistan seems to have donned the role of a guinea pig-cum-promotion agent for China's arsenal experiments, as it is all set to buy at least 36 advanced fighter jets from China in a landmark deal for about $ 1.4 billion (RS 65,000 million), reported the Financial Times.
In January-June, India attracted $31 billion (Rs 2.05 lakh crore) in capital expenditure (capex) from foreign companies.
The fDi Personality of the Year awards recognise the political and business leaders around the world who have been the most proactive, dynamic and innovative in securing foreign investment and improving the business environments of their jurisdictions.
Ten Indian companies, including Mukesh Ambani-led Reliance Industries and telecom major Bharti Airtel, are among the 500 top global companies for 2009
The three bidders in the running are Italian carmaker Fiat, Canadian car parts group Magna and Belgium-based financial investor RHJ International, the report said. The report noted that German chancellor Angela Merkel would meet top officials from the US, General Motors and the bidders for GM's European units Opel and Vauxhall on Wednesday.
"Citigroup is ramping up efforts to slash its huge technology costs, with the bank's management believing it can save significantly more than $1 billion in 2009 by integrating hundreds of systems that have been separate for years," the Financial Times has reported.
With the financial turmoil causing pursue strings to be tightened worldwide, leading British daily Financial Times will not give salary hikes in the near term, in addition to introducing voluntary redundancy programmes.
HSBC is in advanced talks to buy assets of two troubled financial groups -- ING and RBS in Asia in a move to expand its base in the region.
The fate of Indian conglomerate Tata group-owned Jaguar Land Rover is uncertain as talks with the UK government over a financial support package has virtually failed, media reports say.
Manufacturers warned on Wednesday that limited stocks of a future swine flu vaccine could be distributed on a "first come, first served" basis, leaving hundreds of millions of people in poorer countries without protection.
Everthing about Transformers: Revenge of the Fallen, the sequel to Transformers, is louder and bigger.
Citigroup chief Vikram Pandit will try to convince investors that the financial services major is on a recovery path, following fresh concerns about his future in the company, a media report said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances