In its complaint filed in 2011, the SEC alleged that Gupta disclosed confidential information about Berkshire Hathaway Inc's $5 billion investment in Goldman Sachs
While the former managing director of McKinsey & Co, Rajat Gupta, has every right to claim that he is innocent until otherwise established in a court of law, he must adopt the same standards of good conduct in India as he has been required to in the US.
Can there be one norm for the US and another for India?
US District Judge Jed Rakoff had set as October 18 the date for sentencing Gupta after the ex-McKinsey head was found guilty by a jury here of passing confidential company information to Rajaratnam.
Defense strategy seems to relying on three basic arguments.
The brief courtroom drama began on Monday when the jury was listening to the testimony of star government witness Goldman Sachs chief executive officer Lloyd Blankfein.
His prison, at Otisville, figures in Forbes 2009 list of the 10 cushiest prisons in the US.
Finance Minister Nirmala Sitharaman is likely to step up efforts to boost consumption and rural economy while keeping inflation under check when she presents her sixth straight Budget on February 1. Experts said one way to boost consumption is to put more money in the hands of people, and one of the possible ways of doing it is by reducing the tax burden through tinkering with tax slabs or increasing the standard deduction. Another proposal is related to increasing the funds under the rural employment guarantee scheme MGNREGA and higher payout for farmers.
Financial services firm Goldman Sachs has paid a large chunk of the nearly $30 million legal fees for its former board member Rajat Gupta's defence, a media report said.
The film tries very hard to critique Bollywood cliches but ends up being one.
Former Indian American Goldman Sachs director Rajat Gupta is facing trial in one of the most high profile cases of insider trading in the US that will likely see investment guru Warren Buffet and Arcelor Mittal Chairman Lakshmi Mittal as potential witnesses.
Mukesh is one of the few players in recent times to have made it to the Indian limited overs squad without ever having played in the IPL.
For the 'Bazball' inspired England, the win in Hyderabad has become a distant memory and a repeat of 2021 looks likely when India bounced back to win the four-Test series 3-1.
The SP said Chopra is the kingpin of drugs in Hamirpur and added that this is the seventh case registered against him under the NDPS Act.
Gupta's lawyer Seth Waxman argued his case during a hearing before a three-judge panel of the 2nd US Circuit Court of Appeals in New York on Monday.
Gupta is scheduled to be released from prison in March, 2016.
In an interview to Newsweek magazine, Rajaratnam, who will serve 11 years in prison, said the US government wanted him to 'wear a wire' and tape his conversations with Gupta, former chief executive officer of McKinsey.
Rajat Gupta was the former head of bluechip consulting firm McKinsey.
The legendary Anil Kumble has termed England's bowling attack for the opening Test against India, starting in Hyderabad on Thursday as "highly inexperienced", while predicting a comfortable 4-1 win for the hosts in the five-match series.
'For me, the lowest point was the phase between 2018 and 2019.'
Gupta began serving a two-year prison term on insider trading charges in June 2014.
The selectors announced India's teams for the tour of South Africa.
Only if we could have a Rohit versus Ashwin clash in the semis! What a perfect fill-up it would be for the resurgence of the Ranji Trophy.
Gupta was convicted in 2012 following a jury trial of passing confidential information about Goldman Sachs to Raj Rajaratnam minutes after he learned about them at the board meetings.
The former employer incurred the amount as legal expenses during the trial.
It's mid-morning and the two-kilometre stretch from Rashbehari Avenue to Gariahat Market is bustling with activity. Dotted with saree shops and hawker stalls that sell everything, from hairpins, hangers and towels to hosiery, mobile phone covers and kurtas, this is one of South Kolkata's busiest shopping areas. And it is beginning to wake up to the Paytm crisis.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
Spurred by Chirag Jani's a five-wicket haul, defending champions Saurashtra scripted their first knockout win of the season with a 238-run thrashing of Vidarbha on the third day of their Ranji Trophy Elite Group A match in Nagpur on Sunday.
The Gupta case is SEC v. Gupta, US District Court, Southern District of New York, No. 11-07566.
A full panel of the 2nd US Circuit Court of Appeals yesterday denied Gupta's petition for 'panel rehearing, or, in the alternative, for rehearing en banc'.
Saurashtra's veteran left-arm spinner Dharmendrasinh Jadeja bagged his 22nd five-wicket haul as the defending champions scored an innings and 243-run victory against Manipur to move into the Ranji Trophy quarterfinals from Group A in Rajkot on Sunday.
Gupta, who has also been associated with the UN in other capacities, succeeds John Chalsty who stepped down after a two-year term.
Dinesh Karthik hit a quickfire half-century as Tamil Nadu overcame a jittery start to down Baroda by 38 runs.
Hardik Pandya has quit Gujarat Titans to rejoin his former team Mumbai Indians, following a trade between the two franchises.
Can the subcontinent giants maintain their 12-year invincibility?
PE firm goes in for image makeover, appoints advisory group.
Following the sharp run in markets, valuations across the board have become elevated. The National Stock Exchange Nifty50 Index now trades at a 12-month trailing price-to-earnings (P/E) multiple of 24.3 times, 18 per cent higher than this year's low of 20.5 times. The valuation expansion in the broader markets has been sharper.
Vidya Balan showed off her new film, Neeyat, to members of the film industry at a special star-studded screening in Mumbai.
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