The younger brother of jailed hedgefund manager Raj Rajaratnam Monday pleaded not guilty at a US court to charges of conspiring in an insider trading scheme to cheat on Wall Street and earn nearly $1.2 million illegally.
India, with m-cap of about $1.6 trillion, is ahead of Switzerland.
In pursuit of their global ambitions, domestic companies are looking to list their shares on exchanges in new geographies - not just New York or Nasdaq exchanges.
John Bogle figured that cheap mutual funds, which just mirrored indices with little tracking error, would be a useful vehicle for wealth creation, recalls Devangshu Datta.
The rupee had gained 2 paise to close at 66.33 in Tuesday's trade.
Manchester United's David Gill will step down in June after a decade as chief executive of the English Premier League football club, United said on Wednesday.
Tuesday's opening bell at the New York Stock Exchange will not only kick off a day of trade on Wall Street, it may also herald the end of an era at Manchester United, who are rumoured to be on the brink of announcing manager Alex Ferguson's retirement.
Bondholders would initially get a 10 per cent stake, along with warrants for 15 per cent. Citing people familiar with the matter, the newspaper said, 'Bondholders with slightly more than 50 per cent of GM's $27.2 billion in bond debt agreed to support the plan.' GM had offered the bondholders the opportunity to take a larger stake in the company after they had overwhelmingly rejected a previous exchange offer.
The New York Stock Exchange-listed Indian IT major Satyam Computer Services' founder and then-chairman Ramalinga Raju had shocked the world three weeks ago on January 7 with the disclosure of a massive financial wrongdoing to the tune of over a billion dollar at the company. This was followed by the NYSE suspending trading in Satyam shares the very same day.
It is also going for 9.5 per cent stake sale.
English Premier League soccer club Manchester United are the world's first professional sports team to be valued at more than $3 billion, according to Forbes Magazine.
The brief encounter took place at the SAARC Foreign Ministers' meeting on the sidelines of the UN General Assembly, which is currently on in New York.
Barely two weeks after the Reserve Bank of India permitted 49 per cent foreign stake in stock exchanges
'Four years after paying $2 billion to extricate itself from a partnership with Fiat, General Motors is seeking a stake in the Italian automaker in exchange for its Latin American and European operations,' The New York Times reported. It said GM is eager to cede control of its money-losing Opel unit in Germany. 'But Fiat has also expressed interest in GM's other European operations as well as its historically profitable Latin American business,' the report noted.
A large number of Indian companies are vying to list their shares on foreign exchanges, particularly in the US, on the back of the successful listing of BPO major WNS on the New York Stock Exchange.
Robert Greifeld, chief executive officer of the NewYork based-Nasdaq, the world's leading stock exchange for technology stocks
There was no bilateral meeting between Prime Minister Modi and his Italian counterpart Matteo Renzi on the margins of the United Nations General Assembly in New York last year, External Affairs Ministry said on Wednesday.
The Global Cities Index measures global engagement of cities across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement.
Tata Motors Ltd has completed the public filing for listing the American Depository Receipts on the New York Stock Exchange.
The actress's third husband is the nephew of billionaire businessman Richard Branson.
The team will then proceed for discussions with the government-appointed Board of Satyam Computer Services in Hyderabad on Thursday to assess the present status of India's fourth- largest software firm. Following the confessions of Satyam's founder and former chairman B Ramalinga Raju that he had cooked up the firm's balance-sheet for several years, US investors have filed over a dozen law suits against the company in various US courts.
The five per cent stake acquisition would be subject to statutory approvals and respective board approvals, the company added. Earlier, Deccan Chronicle was reported to be in the lookout for selling 5 to 8 per cent in Sieger Solutions, the owner of the Deccan Chargers IPL team to a strategic investor.
For IT czar Azim Premji, what's happening in the Eurozone facing a two-year debt crisis is something like new Bollywood films hitting silver screens every week in India.
Superstorm Sandy made landfall along the coast of Southern New Jersey on Tuesday bringing hurricane-force winds and heavy rains to a wide swath of the United States East Coast, officials said. The storm has claimed 11 lives at least.
Expressing happiness over meeting his Pakistani counterpart Hina Rabbani Khar at a reception on Tuesday, External Affairs Minister S M Krishna said such social exchanges will go a long way in normalising relations with the neighbouring country.
Hexaware Technologies Ltd announced on Wednesday a new location for its asset management and capital markets practice at Manhattan, New York.
In response, the New York Stock Exchange-listed firm said it has paid the tax and has sought a meeting with Bruhat Bangalore Mahanagara Palike for a discussion on the issue and has a 'strong enough' case in defence.
The partially convertible rupee was trading at 65.87/88 per dollar.
Manchester United's early exit from the Champions League last season cost the English club almost 17 million euros in payments from UEFA compared with the previous year, figures released on Friday showed.
The 15 Indian entities listed on the New York Stock Exchange and Nasdaq saw their cumulative market value plummet.
These photos prove we live in an odd, odd world!
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
Like the other platforms, the Clubhouse will have more users in India than anywhere else because of the interest we have in knowing what others are doing and in letting others know about our activities, predicts T P Sreenivasan.
Several US businesses were hit by technological issues on July 8.
Contradicting Asif's claim, the office of the Afghan National Security Adviser Mohammad Haneef Atmar issued a statement saying there was no mention or reference of India or an Indian citizen during his meeting with the Pakistani foreign minister on September 21 in New York.
PM is expected to discuss black money issue with Swiss President.
The rupee commenced higher at 55.07 a dollar at the Interbank Foreign Exchange market from last Friday's close of 55.16.
In terms of percentage, Exlservice Holdings Inc has recorded the biggest loss of about 19 per cent, while Infosys, Satyam, Sify, Wipro, Rediff, WNS, HDFC bank, VSNL, Genpact, Dr Reddy's and Patni also saw their market values dipping. All the major IT scrips saw a fall of more than seven per cent, led by Satyam Computer (over 10 per cent), while Wipro and Satyam lost about eight per cent and seven per cent respectively.
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