Congress workers in Union Home Minister P Chidambaram's native district in Sivaganga in Tamil Nadu on Saturday celebrated the Delhi court order rejecting a plea to make him an accused in the 2G case by bursting crackers.
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.
PE firm goes in for image makeover, appoints advisory group.
A support group for Gupta, known as 'Friends of Rajat', has urged his 'friends and well-wishers' to submit letters of support, in which they should write about Gupta's life and work.
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The ruling by the Supreme Court was made in a parallel civil insider trading case brought against Gupta by federal regulator Securities and Exchange Commission.
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.
Gupta, who has not been indicted in the criminal trial of Galleon Group founder Raj Rajaratnam, faces civil charges from the Securities and Exchange Commission for allegedly passing confidential information about Goldman Sachs to the defendant.
The SEC however added that "dismissing these proceedings will not prevent the Commission from filing an action against Gupta in United States District Court."
He will be arraigned before US District Judge Jed Rakoff in the US District Court, Southern District of New York.
Six months of investigation, mostly through telephone-tapping, 12 months of analysis of evidence and prosecution, 11 days of deliberation and, finally, a conviction.
The central question of this insider trading case is whether the Sri Lankan born billionaire earned $45 million by using leaked confidential information.
Journalists who engage in influence peddling should be listed as lobbyists, says Sunanda K Datta-Ray.
It's hard to fathom why billionaires like Rajaratnam stake their reputation for tiny additions to their wealth.
The US government is examining the possible role of Goldman Sachs and well-known investment banker Rajat Gupta in the Galleon hedge fund insider trading scam, says a media report.
Debutant director Ravi Kumar deserves all the credit for Indru Netru Naalai, writes S Saraswathi.
Never invest in a company or an industry that you have never heard of even if you get a tip-off.
The Securities and Exchange Board of India said it is 'closely watching' investments made by New York-based hedge fund Galleon, whose Sri Lankan founder Raj Rajaratnam was arrested for alleged insider trading on Friday.
The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.
The Indonesian police has arrested three suspects in connection with the attack in Jakarta on Thursday that killed seven people including five attackers.
The memoir tells the story of his meteoric rise and equally dramatic fall.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
Former head of McKinsey & Co,c, is not alone in writing a book on his life after serving a prison term.
Given Prime Minister Modi's emphasis on "sharp(ening) coordination" rather than "joint command", analysts are guessing that a four-star permanent chairman of the chiefs of staff committee is likely, with the title of CDS, if not the functions and five-star rank, reports Ajai Shukla. Ajai Shukla reports.
The US election campaign has provided plenty of ammunition for the CCP to make its case that its political system is superior.
Gupta lost his final bid to avoid reporting to jail after the US Supreme Court last week denied his application to remain free on bail while his insider trading case is reheard.
Gupta's two-year prison term is set to end in March 2016.
Gupta, 65, reported to the minimum security satellite camp at FMC Devens in Ayer, Massachusetts on June 17.
Gupta was convicted of passing confidential information.
Rajat Gupta was freed from Federal Medical Centre Devens, a federal correctional facility in Ayer, Massachusetts, on January 5.
He is expected to be assigned to a medium-security prison in Otisville, New York, about 70 miles from New York City.
Bharara has also asked the US Court of Appeals to deny 65-year-old Gupta's motion, filed earlier this month, that his bail be continued pending resolution of his petition for rehearing the insider trading case.
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'.
India-born former Goldman Sachs director Rajat Gupta has asked a US appeals court to overturn a court's ruling that he pay a hefty $13.9 million fine in the insider trading case and sought reversing a life ban on him from serving as director of a public company.
The Philippines army battles terrorists backed by Islamic State in the first major military encounter with Islamists in that part of the world.
Rajat Gupta's lawyer Rishi Bhandari said suit was filed in order to ensure that there was a designee on the board.
Prominent Indian-American attorney Preet Bharara has no plans to quit as the chief federal prosecutor in Manhattan anytime soon as he has the "greatest job in the world" but said he will "walk the earth and get into adventures" whenever he retires.
ISIS suicide bombers and gunmen struck at the heart of the capital of Muslim-majority Indonesia, executing a Westerner and killing a local while blowing up a Starbucks cafe, leaving five attackers dead in the ensuing firing.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
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