'The sentence is a catastrophe for the family'

'Serious crimes of this sort cannot be excused merely because he has a family.' P Rajendran/Rediff.com was in the courtroom last week when Mathew Martoma was sentenced to nine years in prison for......

Martoma gets 9 years in prison for insider trading

Mathew Martoma, accused of insider trading that earned his employer SAC Capital $275 million -- and himself a $9.38 million bonus -- has been sentenced to a nine years in a Florida prison. He was......

US court convicts Indian-origin fund manager for insider trading

The United States district court in Manhattan found Indian-origin hedge fund portfolio manager Mathew Martoma guilty in the largest-ever insider trading case. A 12-member jury pronounced......

Merrill Lynch tops Indian M&A league

Merrill Lynch, the global investment bank, has come on top of the mergers and acquisition league table in India for the first time since it was acquired by Bank of America about five years earlier.......

Market gets 'saffron' rush; Sensex ends 250 points higher

It's the hope rally that pushed frontline stocks to higher levels on Thursday. Markets remained exuberant after a gap-up opening but came off its peak as the day progressed as investors booked......