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 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.
Market breadth continued to remain positive with 1,730 gainers and 1,116 losers on the BSE.
Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said.
Google Inc said on Thursday that Andy Rubin, co-founder of its Android mobile business and head of its nascent robotics effort is leaving the company.
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.
Entrepreneurs face severe challenges while starting a business as the regulatory framework is burdensome in many nations.
Monika Halan is editor of Mint Money, India's second-largest business newspaper, which has an exclusive partnership with the Wall Street Journal.
As India suffers and the ruling party is on the defensive, the truth is that the only way that this wave will pass is if exponential growth of the virus stops on its own, asserts Aakar Patel.
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
According to the daily, the fine is expected to be the largest penalty ever levied on a single company by the US Federal Trade Commission.
Last week's police actions against the 'Occupy' encampments -- from Oakland to New York in the United States -- will not snuff out the underlying energy, says Rajni Bakshi.
However, it could still take many years before the 161-year-old Lehman, once a poster-boy of the US markets, could regain its lost glory.
Social networking giant Facebook's growth appears to be slowing down, especially in the United States, according to a report.
Reserve Bank of India Governor Duvvuri Subbarao is not interested in carrying on in his present job after his term ends in September next year.
Gains were led by realty, auto, capital goods, banking, infrastructure, metals, power, oil & gas, PSU and consumer durables sectors, which rose up to 3.30 per cent.
Indian consumers and oil companies are losing out because buying remains a government monopoly.
Broader market outperformed the frontline indices with the Smallcap and Midcap gaining up to 1%
Cook revealed only a handful of incremental insights on Apple''s products and strategies.
His conviction on insider trading charges exposed a "web of fraud and corruption that entangled many."
The sentencing caps a prosecution, marked by secret wiretaps of Rajaratnam and his associates that shocked the investment world.
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.
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.
The United States is going to retain a laser focus on its counterterrorism mission in Afghanistan, President Joe Biden said on Friday, and warned the Taliban of a forceful response to any attack on American forces or disruption of its operations at the Kabul airport.
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.
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.
There are few periods in human history that have seen worldwide expressions of middle-class angst like the current one has.
Internet giant Yahoo may shed its substantial holding in China's Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billion, says a media report.
Yes Bank was the top performer in the Sensex pack, surging 8.26 per cent, after the private lender reported a 29 per cent rise in its net profit
Bank of America Corp will slash 3,500 jobs in the current quarter and is working on broader restructuring that could eliminate thousands of additional positions, a media report says.
US-based banking major Citigroup is likely to slash 900 jobs in its securities and banking division amid financial market turmoil, says a report.
A collection of some of the best photos from around the world in the last 24 hours
Heads continued to roll in the News of the World phone hacking scandal as Rupert Murdoch's top executive and Dow Jones CEO Les Hinton became the latest high-profile personality to resign from his post. Hinton was the chief executive of Dow Jones, publisher of the Wall Street Journal. Rebekah Brooks, chief executive of the media group's UK newspaper arm News International had quit on Friday.
'While we may speculate about personality politics, the reality is that there are more important issues that drive the India-US relationship.'
After agreeing to sell 30 per cent stake in the 23 blocks in India to BP, Mukesh Ambani is reportedly looking for buyers for its gas transportation and marketing company.
Financialised masses not only provide feedstock inputs but are also voters whose political support for funded savings cannot be taken for granted, says Ajit Balakrishnan.
The money from America that ends up abroad brings prosperity and generates more jobs at the cost of jobs in the US.
Starting this Friday, Prakash Reddy, secretary of the Communist Party of India, plans to occupy Dalal Street accompanied by whoever he manages to woo by then.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances