India's real risk is not that crony populism would fail, but that it would succeed, consolidating a path that is fundamentally a trap, both in terms of social inequalities and long-term growth, says Michael Walton.
'As he goes down, he will almost certainly drag a few others down with him.' 'Once the mutual mudslinging has died down, collateral damage will probably include more bankers than politicians, given the nature of how things work in India,' says T N Ninan.
The world's richest man and the founder of Amazon Jeff Bezos bonded with Bollywood at a grand party thrown in his honour.
'This man changed the mindset of a generation.'
Raj Rajaratnam, the main accused in the largest hedge fund insider trading case in the United States history was on Wednesday found guilty on all 14 counts of securities fraud and conspiracy.
Berkshire Hathaway's India-born top executive Ajit Jain was "shocked" to hear that his friend ex-McKinsey head Rajat Gupta had lost USD 10 million in an investment fund with Raj Rajaratnam, which he described as a "deliberate hanky panky" by the convicted hedge fund founder.
A US court has denied a bid by billionaire hedge fund founder Raj Rajaratnam, convicted in May this year on insider trading charges, to reverse the verdict handed by the jury in his case.
He will be arraigned before US District Judge Jed Rakoff in the US District Court, Southern District of New York.
The central question of this insider trading case is whether the Sri Lankan born billionaire earned $45 million by using leaked confidential information.
Both the prosecution and defence made opening statements on the second day of the trial involving the Sri Lankan-born billionaire who faces charges of 14 counts of security fraud and conspiracy.
A mere two-bedroom apartment - albeit quite spacious, covering 3,000 square (sq.) feet (ft) - will set you back 5.8 million. That's the asking price from the Indian-owned Hinduja Group, if you desire a nest in London Whitehall's iconic Old War Office (OWO). Its 1,100 rooms are now being converted into 85 residences and a first-ever hotel to be operated in Britain by Singapore's legendary Raffles Hotels chain. Gopichand Hinduja, co-chair of the conglomerate, said: "Every decision made on The OWO (as the building is fondly called) is underscored by our passion and respect for the heritage of the building and long-term commitment to London."
If convicted all of them face imprisonment of up to 20 years, according to the indictment, which reads that the defendants "routinely received inside information directly or indirectly from insiders and provided it to each other for the purpose of trading based on the information", filed in the US court.
Never invest in a company or an industry that you have never heard of even if you get a tip-off.
1997: Sukanya Verma offers a recap of its memorable imagery.
Thozha is definitely worth your time, writes S Saraswathi.
'Deep pockets have become a prerequisite for contesting elections on a major party symbol in most states.' 'Given the premium parties place on self-financing candidates, once you have accounted for the suspected criminals, dynasts, industrialists, and celebrities, there is not much room for anyone else.'
A fun excerpt from Diptakirti Chaudhuri's Bollygeek: The Crazy Trivia Guide to Bollywood.
Gupta, 66, is currently serving his prison term.
'I went to slums in India which were quite destitute, where people were clearly really struggling, but typically there is a sort of sense of purpose.' 'People are hustling.' 'What that tells you is that if the country was so organised in a way to give these people opportunity, then they would make something of it.'
The insatiable greed for money and power is too large, too repugnant to thwart. And no one epitomised that better than Harshad Mehta, notes Dhruv Munjal.
Asked whether he will join politics, Ambani replied in the negative, saying "I am not made for politics."
Gupta began serving a two-year prison term on insider trading charges in June 2014.
On the actor's 54th birthday on November 2, we write another tome about the boy with big dreams and a regrettable haircut, who defied incredible odds to become one of the most loved actors on the planet.
Hurun Report and GROHE India named Lodha Developers' M P Lodha and family as India's richest real estate entrepreneur with a wealth of Rs 31,960 crore, followed by DLF's vice chairman Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively. Total wealth of top 100 Indians in the real estate sector stood at Rs 2,77,080 crore -- up 17 per cent against 2018. While Mumbai accounted for six of the top 10 and 37 of the 100 names, Delhi and Bengaluru had 19 residents each who featured on the list. Smita V Crishna of Godrej Properties featured as the richest woman.
If the absconding jeweller is traced in Britain, the extradition request to the UK government could follow a similar course as the case of embattled liquor tycoon Vijay Mallya
'Being one of the 150 million upper middle class consumers, I can vouch that the average expenses on white goods or clothing are minimal. Indians are not consumerist by nature,' says Colonel Anil A Athale (retd).
The Gupta case is SEC v. Gupta, US District Court, Southern District of New York, No. 11-07566.
The Harvard alum has known the Yale alum for ages, but hit it off recently.
His prison term is set to end on March 2016.
Trump is the first nominee of a major party in over a century to have no experience whatsoever of any political, administrative or military office.
'Credit expansion is probably the quickest way to get the economy going again.' 'Easy credit is like a shot of nitro in a race car: In timely, small, quick, doses it can give a tremendous boost but carried to extreme it can destroy the engine,' points out S Muralidharan, former managing director, BNP Paribas.
Gupta began serving a two-year prison term on insider trading charges
Prominent Indian-American attorney Preet Bharara has no plans to quit as the chief federal prosecutor in Manhattan anytime soon as he has the "greatest job in the world" but said he will "walk the earth and get into adventures" whenever he retires.
Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.
Bollywood's Badshah turns 50 on November 2, and it's time to celebrate his life and movies.
'Nobody prepares you for stardom.' 'Nobody prepares you for what happens to you after your first film.' Uncle and nephew -- Anil and Arjun Kapoor -- get together.
Hitting the streets against the controversial land bill, Congress on Tuesday accused the Narendra Modi government of being "anti-farmer" and "pro-corporate" and vowed to take the battle across the country but both Sonia and Rahul Gandhi were conspicuous by their absence.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
Gupta lost his final bid to avoid reporting to jail after the US Supreme Court last week denied his application to remain free on bail while his insider trading case is reheard.
The Forbes 30 Under 30 list is harder to get into than Stanford or Harvard University. Meet the desis who made the cut this year.
