News for 'Wall Street'

Rajat Gupta: American dream turns nightmare

Rajat Gupta: American dream turns nightmare

Rediff.com25 Oct 2012

No one knows what Rajat Gupta gained from leaking insider information to Raj Rajaratnam. The irony is that he did not make any money.

Putin's alleged girlfriend faces EU sanctions: Report

Putin's alleged girlfriend faces EU sanctions: Report

Rediff.com7 May 2022

Alina Kabaeva was first linked to Putin more than a decade ago, while she was a medal-winning gymnast.

Sensex snaps 5-day rally, ends down 652 points

Sensex snaps 5-day rally, ends down 652 points

Rediff.com19 Aug 2022

BSE benchmark Sensex nursed losses on Friday as investors pocketed gains after a five-session winning streak amid a bearish trend overseas. A depreciating rupee and foreign fund outflows further soured risk sentiment, traders said. The 30-share gauge, which had started the trade on a firm note, soon gave up all the gains and finally ended 651.85 points or 1.08 per cent lower at 59,646.15. The broader NSE Nifty snapped its eight-day rally to close at 17,758.45, down 198.05 points or 1.10 per cent.

China's $22 trillion time-bomb

China's $22 trillion time-bomb

Rediff.com2 Mar 2012

China's growth model is based on the oldest rapid economic growth hormone available: debt.

Dangerous fashion: Most unhealthy style trends

Dangerous fashion: Most unhealthy style trends

Rediff.com24 Feb 2012

Tight undies, ill-fitting bras are just some of the garments you must give a pass if you want to stay healthy.

Gujarat callers made threatening calls to US consumers

Gujarat callers made threatening calls to US consumers

Rediff.com23 Feb 2012

A call centre's workers in Gujarat posed as US law enforcement officials and made nearly 8.5 million threatening calls in just eight months to consumers in America, US federal authorities have claimed.

Gujarat call centres in debt collection fraud

Gujarat call centres in debt collection fraud

Rediff.com23 Feb 2012

A call centre's workers in Gujarat posed as United States law enforcement officials and made nearly 8.5 million threatening calls in just eight months to consumers in America, US federal authorities have claimed.

Citi faces billion-dollars writedown risk: WSJ

Citi faces billion-dollars writedown risk: WSJ

Rediff.com23 Feb 2012

Morgan Stanley Smith Barney currently is valued at $20 billion on Citigroup's books, which is $ 5 billion more than it is on Morgan Stanley's, the report said citing Credit Suisse's analyst Howard Chen.

Clinton's lead over Trump grows in new national polls

Clinton's lead over Trump grows in new national polls

Rediff.com5 Aug 2016

The Democratic presidential nominee has gained a whopping 15 per cent national lead owing to the recent gaffes made by her Republican rival.

Mira Nair's challenge in Toronto

Mira Nair's challenge in Toronto

Rediff.com31 Aug 2012

The fate of The Reluctant Fundamentalist at the Toronto International Film Festival will determine its future.

Changing global economic scenario

Changing global economic scenario

Rediff.com21 Dec 2007

America used to "drive the bus" in global economic terms; now other areas of the world are getting more attention. The U.S. consumer used to be unstoppable; now the cracks are starting to show. The U.S. financial sector used to be a massive profit center; now it is more like a massive black hole.

No plans to attack Pakistani nukes, says Taliban

No plans to attack Pakistani nukes, says Taliban

Rediff.com28 May 2011

The Taliban has said they have no plans to attack Pakistan's nuclear arsenal as their stepped-up violent campaign to avenge Osama bin Laden's death has renewed fears that the country's warheads could be vulnerable.

Cost of cup of coffee in India and around the world

Cost of cup of coffee in India and around the world

Rediff.com5 Mar 2013

Let's take a look at the price of a Starbucks grande latte in India and around the world.

Haqqani network: ISI's friend, America's foe

Haqqani network: ISI's friend, America's foe

Rediff.com18 May 2011

While the United States is demanding that Pakistan launch an offensive against the Haqqani network, the Inter-Services Intelligence is instead wooing the terrorist group to join nascent Afghan peace talks, according to a newspaper report.

Janet Yellen becomes US' 1st woman treasury secretary

Janet Yellen becomes US' 1st woman treasury secretary

Rediff.com26 Jan 2021

Yellen, 74, was confirmed by the Senate in a broad bipartisan support of 84-15 votes on Monday. Both the Democratic and the Republican parties have 50 members in the 100-seat Senate.

India steady despite global financial crisis

India steady despite global financial crisis

Rediff.com25 Sep 2008

The various official growth forecasts for the year have moved from 8 per cent-plus to 8 per cent-minus, with only the pessimists saying it will fall to as low as 7 per cent -- which the country can live with in a downturn.

India needs to fully tap potential of NRIs: Pranab at PBD

India needs to fully tap potential of NRIs: Pranab at PBD

Rediff.com8 Jan 2012

The tsunami of recession that originated in the Wall Street and spread to Europe did not affect India because our banks are conservative, said Overseas Indian Affairs Minister Vayalar Ravi while addressing a seminar at the 10th Pravasi Bharatiya Diwas in Jaipur on Sunday.

Osama protected by ISI elements: WSJ report

Osama protected by ISI elements: WSJ report

Rediff.com5 May 2011

An influential American daily on Thursday claimed that there are signs that slain Al Qaeda chief Osama bin Laden was being protected by some elements of the Pakistan's notorious spy agency Inter Service Intelligence.

Apple cuts MacBook prices by up to $200

Apple cuts MacBook prices by up to $200

Rediff.com14 Feb 2013

Mac sales were down 21 per cent in Dec quarter.

Monaco taught me to stay away from the wall: Verstappen

Monaco taught me to stay away from the wall: Verstappen

Rediff.com1 Jun 2016

Dutch teenager Max Verstappen says he has learned from his Monaco Grand Prix crash, with the first lesson being to stay away from walls and barriers.

Sensex falls for 5th day; NTPC, Coal India down over 2%

Sensex falls for 5th day; NTPC, Coal India down over 2%

Rediff.com6 Feb 2013

Closes 20 points lower on a bout of profit-booking.

After early success, Yahoo's Mayer faces rising bar

After early success, Yahoo's Mayer faces rising bar

Rediff.com30 Jan 2013

She warned investors on Monday that fixing Yahoo was a long-term project.

Rajat Gupta convicted on insider trading charges

Rajat Gupta convicted on insider trading charges

Rediff.com16 Jun 2012

Former Goldman Director Rajat Gupta, the poster boy of Indians at the Wall Street, was on Friday found guilty of illegally tipping off his friend Raj Rajaratnam of confidential market information, in one of America's biggest insider trading cases.

Evidence against Rajat Gupta devastating: Prosecution

Evidence against Rajat Gupta devastating: Prosecution

Rediff.com14 Jun 2012

The prosecution and defense presented their closing arguments in the high-profile insider trading trial of Gupta in Manhattan federal court on Wednesday.

Facebook has company in India

Facebook has company in India

Rediff.com12 Jun 2012

Investors in many Indian companies would have a sense of deja vu after Facebook's public issue turned into a Wall Street debacle. For, over the past five years, Indian markets have been witness to many such breathlessly hyped Initial Public Offers (IPOs) which crashed in an equally spectacular way on the listing day and never recovered.

Is it time to privatise oil trade in India?

Is it time to privatise oil trade in India?

Rediff.com24 Oct 2011

Indian consumers and oil companies are losing out because buying remains a government monopoly.

Davis incident straining US-Pak intel ties

Davis incident straining US-Pak intel ties

Rediff.com18 Feb 2011

Ties between US and Pakistan intelligence agencies have hit an all time low due to standoff over the arrest of American official Raymond Davis on murder charge compromising critical counter-terrorism operations including drone strikes targeting top terror leaders.

Market mayhem: Investors become poorer by Rs 10 lakh cr in 6 days

Market mayhem: Investors become poorer by Rs 10 lakh cr in 6 days

Rediff.com6 Feb 2018

Markets suffered after other Asian indices closed in the red, tracking record-breaking losses at the Wall Street overnight.

US attempts to legally nab Assange turning futile

US attempts to legally nab Assange turning futile

Rediff.com9 Feb 2011

Attempts by the United States to legally nab Julian Assange are proving to be unsuccessful as prosecutors have failed to find evidence that the WikiLeaks founder in any way forced army private Bradley Manning to leak government documents.

Rajaratnam's sentence: A 'wake up call'

Rajaratnam's sentence: A 'wake up call'

Rediff.com14 Oct 2011

His conviction on insider trading charges exposed a "web of fraud and corruption that entangled many."

Rajaratnam gets 11-year sentence

Rajaratnam gets 11-year sentence

Rediff.com13 Oct 2011

The sentencing caps a prosecution, marked by secret wiretaps of Rajaratnam and his associates that shocked the investment world.

'Rajat Gupta threw away his duties'

'Rajat Gupta threw away his duties'

Rediff.com22 May 2012

The trial of Gupta, one of the most high profile Wall Street executives to be charged with insider trading, began in US District Court, Southern District of New York on Monday amid intense media glare.

Three senior executives at JP Morgan may quit: Report

Three senior executives at JP Morgan may quit: Report

Rediff.com14 May 2012

Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative trades, says a media report.

Did US, Pak botch up Daniel Pearl's murder probe?

Did US, Pak botch up Daniel Pearl's murder probe?

Rediff.com21 Jan 2011

A new report on American journalist Daniel Pearl's killing presents fresh evidence that 9/11 mastermind Khalid Sheik Mohammed executed the reporter in Pakistan nine years ago and four men imprisoned for the crime were convicted on the basis of perjured testimony.

US may challenge Google's buy of ITA Software

US may challenge Google's buy of ITA Software

Rediff.com14 Jan 2011

Justice Department staff lawyers have begun preparing legal documents for use in a possible court challenge to the $700 million deal for ITA Software, the report said adding that no decision to proceed has been made.

Govt prosecutors may not charge AIG executives

Govt prosecutors may not charge AIG executives

Rediff.com5 Apr 2010

Attributing to people familiar with the matter, The Wall Street Journal said, 'federal prosecutors, after a two-year investigation, may soon decide not to charge executives for their role surrounding financial contracts that nearly brought down the company.'

Bank of America may fire 40,000 employees

Bank of America may fire 40,000 employees

Rediff.com9 Sep 2011

Officials of United States financial giant Bank of America Corp have discussed slashing about 40,000 jobs under the first phase of a proposed restructuring exercise, according to a media report on Friday.

No plan for data analysis system in India: RIM

No plan for data analysis system in India: RIM

Rediff.com31 Dec 2010

Research In Motion has denied an Indian media report that said the company has offered to install a network data analysis system at its India office to allow access to emails sent through its BlackBerry smartphones to Indian security agencies.

How the fault lines between politics and business grew sharper in 2010

How the fault lines between politics and business grew sharper in 2010

Rediff.com29 Dec 2010

From environmental clearance to regulatory approval, from land acquisition for greenfield projects to displacement of tribals, it's been a season of scams, deep mistrust and hostility among companies, bureaucrats, regulators and politicians.

It is easiest to start a business in these nations!

It is easiest to start a business in these nations!

Rediff.com19 Apr 2012

Entrepreneurs face severe challenges while starting a business as the regulatory framework is burdensome in many nations.