Stating that India's economic stimulus was not adequate, Banerjee said, the measures did not increase consumption spending of lower income people as the government was not willing to put money in the hands of the low income population.
The Nandigram fracas is taking a toll on placements at the oldest Indian Institute of Management (IIM), in Kolkata, with top-notch recruiters like Goldman Sachs deciding not to visit the campus this year for summer placements.
Portfolio returns, say analysts at Morgan Stanley, are more likely to be driven by bottom-up stock-picking rather than top-down macro forces.
While many fabled universities in Europe have curtailed their Sanskrit programme, the language is celebrated at Berkeley year after year with enthusiasm.
Gupta filed a 70-page petition with the US Court of Appeals for the Second Circuit yesterday seeking 'panel rehearing and rehearing en banc', saying in 'rejecting two of his challenges to the exclusion of critical evidence in his case, the panel misapprehended several points' about the insider trading case against him.
Global ratings agency Standard & Poor's has also raised India's sovereign credit rating to investment grade after a gap of nearly 16 years.
In a repeat of the previous year's results, the US bank came ahead of rivals Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch and Citi, which all tied for second place, according to industry analytics firm Coalition.
The yuan-denominated A-share market of China will become world's third largest stock market in the next ten years - after the stocks markets of United States and Japan, an expert from Goldman Sachs Group (Asia) Ltd. said.
The Q3 office rebound growth was led by Bengaluru and Hyderabad, which together accounted for nearly 80 per cent of the net absorption in Q3.
India can sustain an 8 per cent growth rate till 2020 and will overtake UK as the world's fifth-largest economy by the middle of next decade at this pace, global financial services firm Goldman Sachs has said.
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.
Sixty-five-year-old Gupta will serve his jail term at a minimum security satellite camp of the Federal Medical Center-Devens in Ayer, Massachusetts.
Price escalation seems to be one of the primary reasons for the sales trend.
"On average, the victor outperforms the global market by 3.5 per cent in the first month - a meaningful amount, although the outperformance fades significantly after three months," the Goldman Sachs report says.
Equity strategists are basing their expectation on strong corporate earnings recovery, supportive global economic growth, and gradual improvement in business sentiment.
In a lengthy-118 page submission to Supreme Court Justice Ruth Bader Ginsburg, Gupta requested to remain free on bail, saying he is not a flight risk and if an appeals court rules in his favour, he will 'likely' be entitled to a new trial.
There is little doubt that the Dongria Kondhs are facing their biggest challenge. Being small in number, they need special attention and care in order to fight this deadly virus.
From data analysts to financial firms, everyone has their views on who could win the FIFA World Cup, starting in Brazil next month. Here are some interesting predictions by two international firms -- Opta and Goldman Sachs -- about the how tournament could pan out. Read on...
US regulator SEC has asked an appeals court to affirm a district court's decision that India-born former Goldman Sachs director Rajat Gupta pay a $13.9 million penalty and be banned for life from serving as director of a public corporation.
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
Markets ended at record highs on Monday on hopes that the new government would unveil reforms in the infrastructure space.
The S&P BSE Small-cap index has recovered 26 per cent as compared to a 23 per cent rise in the S&P BSE Sensex.
Gupta's lawyers said he did not accrue any 'direct financial benefit' from the insider trading offences and yet he has been ordered to pay a 'heavy price' of two years in prison, a $5 million fine and a separate $6 million in restitution to Goldman Sachs.
Justice Ruth Bader Ginsburg, who handles emergency applications from the 2nd Circuit, on Wednesday denied Gupta's request to stay out of prison.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
The total investment at risk is $930 billion and oil companies will need to cut their expenses by 30 per cent to make their projects viable provided oil remains around $70 a barrel.
'It was only after D-Day that people believed that I had actually directed Kal Ho Naa Ho.'
Microsoft came the closest and acquired 1.6 per cent stake in the company for $250 million valuing it at $15 billion.
With $110.8 billion in equity and long-term debt, Morgan Stanley is the world's largest securities firm, according to the Institutional Investor magazine's annual capital position rankings.
Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances.
Let's take a look at 25 most undervalued stocks in the market.
Kudlow, who served as Trump's informal economic adviser during the 2016 campaign, is a well-known conservative voice.
With inflation down, the government's twin deficits are largely under control.
Gupta began serving a two-year prison term on insider trading charges
From a small team of five weavers, Karagiri now works with 1,800 weavers from across India. Pallavi Mohadikar, co-founder of Karagiri, shares her incredible success journey.
Twitter has filed for an initial public offering with US regulators.
India could not achieve its full potential owing to "misgovernance", while BRIC countries progressed rapidly in the last decade, Gujarat Chief Minister Narendra Modi said on Monday.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
