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Rajat Gupta should pay $15 million penalty: US govt


US government has asked a court to slap a maximum penalty of $15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm

Goldman Sachs, NEA to invest Rs 300 crore in Nova Medical Centres


The private equity arm of Goldman Sachs and venture capital fund New Enterprise Associates (NEA) will together invest Rs 300 crore in Nova Medical Centres to support the expansion of its specialty sur

U.S. Justice Department drops Goldman financial crisis probe


The U.S. Justice Department said it will not pursue criminal charges against Goldman Sachs Group Inc or its employees related to accusations that the firm bet against the same subprime mortgage securi

Goldman trims 2012 global tech spending forecast


Goldman Sachs trims its global technology spending forecast to 3 per cent from 4 per cent for calendar year 2012 after its June annual survey of the industry.

Goldman Sachs removes L&T form conviction buy list


Goldman Sachs removes Larsen & Toubro from its Asia Pacific conviction buy list following the stock's outperformance over the last month.

However, the investment bank retains its 'buy' rating on the

Morgan Stanley faces Facebook fallout, limits damage


Morgan Stanley was quick to dismiss suggestions its status as the king of initial public offerings for Silicon Valley was under threat because of the botched Facebook Inc IPO last month. And that conf

Asia's investment banks launch round of job cuts


Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe's debt crisis and China's economic slowdown bite into the region's financial activity.

The bankers and

Wanted Gupta to walk free but evidence overwhelming: Jurors


The jury, which convicted one of the most prominent Indian-Americans in the US Rajat Gupta of securities fraud, said it wanted him to walk a free man after the trial, but the evidence against him a

Evidence against Gupta devastating: Prosecution


The prosecutors have told a US jury that there is 'overwhelming' and 'devastating' evidence of insider trading against former Goldman Sachs director Rajat Gupta but the defense argued there is no '

'Gupta's USD 10 million loss deliberate hanky panky by Rajaratnam'


Berkshire Hathaway's India-born top executive Ajit Jain was 'shocked' to hear that his friend ex-McKinsey head Rajat Gupta had lost USD 10 million in an investment fund with Raj Rajaratnam, which he d

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.