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.
The Indian stock market benchmark Sensex, which was down till afternoon session, recovered later and closed up by 38.37 points or 0.21 per cent after Europe opened higher.
Forex dealers said besides dollar's gains against euro in the overseas markets, a weak opening in the stock market put pressure on the domestic currency.
In 2010, Kraft Foods had acquired British candy maker Cadbury in a deal worth close to $19 billion.
It hovered in a range of 63.57 and 63.70.
The MCX chief was in the US to clinch a deal with the NYSE that has bought 5 per cent stake in MCX.
English soccer club Manchester United retained their title as the world's most valuable sports team, according to an annual top 50 list released by Forbes on Monday that was dominated by National Football League (NFL) franchises.
Sustained foreign capital inflows coupled with recovery in the equity market mainly boosted the rupee value against the dollar, a forex dealer said.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
After the National Stock Exchange, the focus has now shifted to stake sale soon in two depositories, the National Securities Depository and the Central Depository Services.
Business process outsourcing company Genpact has set the ball rolling for a $600 million (around Rs 2,500 crore) initial public offer on New York Stock Exchange
The strike has been on for four days at the Nashik centre of the business process outsourcing company, which has a headcount of 23,874.
Prime Minister Narendra Modi's phone call to Trump will help restore a degree of sanity to Indian statecraft and diplomacy, notes Ambassador M K Bhadrakumar.
As part of the deal, Hilton will continue to operate the property for 100 years and the 1,413 room hotel will undergo a major renovation.
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.
The online gold futures trade on the National Multi Commodity Exchange of India will be launched by Union Minister for Consumer Affairs, Food and Public Distribution Sharad Yadav in New Delhi on Friday.
An Indian-origin former analyst has been accused of providing confidential company information in the Raj Rajaratnam-led insider trading scheme, has been fined $34 million for his role in the scheme.
In recognition of the award for Sharma, the Asia Society said the officer "has led the investigation and prosecution of several high-profile crimes in India, including the infamous Delhi gang rape case that earlier this year turned into a television series. She has transformed police work and the roles of policewomen in India."
Along with India's Consul General Dnyaneshwar Mulay.
Colgate-Palmolive, New York has sold off 10.94 per cent stake in its Indian subsidiary to its Singapore-based unit Colgate Palmolive (Asia) Pte Ltd.
In fact, a cotton futures exchange was started in Bombay (now Mumbai) in 1875.
The rupee had closed barely steady at 63.75 on Wednesday.
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Crossing Rs 49, the Indian currency is moving fast towards the Rs 50-to-a-dollar mark.
Al Qaeda chief Osama bin Laden and his top aides had discussed making a deal with Pakistan in which the terror group would refrain from attacking the country in exchange for protection inside the country, United State officials have said.
Tax demands and regulatory hassles, coupled with low internet density and sundry other problems, would have kept Mr Ma awfully busy - and small.
A six-time champion at Flushing Meadows, Williams was once money in the bank when it came to the US Open
Identifying cyber crime as a major threat, Sebi Chairman U K Sinha recently said such attacks are occurring these days in a more sophisticated manner.
India's business process outsourcing major EXL Service has cut down the size of its proposed initial public offer on the Nasdaq Stock Exchange by 20 per cent
The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s, with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva made the remarks during her address on 'Confronting the Crisis: Priorities for the Global Economy' in Washington, DC, ahead of next week's annual spring meeting of the International Monetary Fund and the World Bank.
A lower opening of the domestic equity market put pressure on the rupee.
New York Stock Exchange-listed Starwood Hotels & Resorts Worldwide, Inc, on Wednesday said it expects to operate 50 hotels in India by the end of 2012 and the country is second only to China in its plans for future growth.
Arthur Ashkin in the US, Grard Mourou in France, and Donna Strickland in Canada will share the prize announced by the Royal Swedish Academy of Sciences in Stockholm on Tuesday.
Environment Minister Prakash Javadekar will sign the agreement on behalf of India.
'Foreign exchange is being squandered.' 'Every top star is given tickets for his spouse, children, parents, ayahs, bodyguards, friends, friends of friends...' 'I've heard stars are even given shopping money.' 'Who is paying for all this?'
The local currency had surged 35 paise to 63.65 in Thursday's trade.
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