Reliance Cap concludes stake sale to Nippon Life for $290 mn
August 17th, 2012 - 1:41 pm ICT by IANS
Mumbai, Aug 17 (IANS) Reliance Capital, a part of the Anil Ambani Group, Friday said it has concluded its 26-percent stake sale to Japan's Nippon Life for $290 million, pushing ... Read more...
Posted in Business |
US court hears Rajat Gupta’s call to Rajaratnam
May 24th, 2012 - 1:01 pm ICT by IANS
New York, May 24 (IANS) Prosecutors played the lone recorded phone call of Rajat Gupta to Raj Rajaratnam to show the close relationship of Goldman Sachs' former Indian American director ... Read more...
Posted in World |
Facebook set to raise $16 bn with largest tech IPO
May 18th, 2012 - 11:16 am ICT by IANS
Washington, May 18 (IANS) Pricing its IPO at $38 a share, Facebook, the highly popular social networking site that has over 45 million users in India, is expected to ... Read more...
Posted in Sci-Tech |
P-notes holders will not be taxed: Mukherjee
March 30th, 2012 - 3:53 pm ICT by IANS
New Delhi, March 30 (IANS) Trying to soothe the nerves of overseas investors, Finance Minister Pranab Mukherjee Friday said holders of Participatory Notes (P-notes) derivatives through which foreign nationals ... Read more...
Posted in Business |
Nippon’s pact for 26-percent stake in Reliance asset firm
March 22nd, 2012 - 7:57 pm ICT by IANS
Mumbai, March 22 (IANS) Nippon Life Insurance Company Thursday signed final agreements with Anil Ambani-led Reliance Capital to acquire a 26-percent stake in its asset management company for $290 million."The ... Read more...
Posted in Business |
Royal couple raise 625,000 pounds for kids’ charity
October 16th, 2011 - 8:58 am ICT by IANS
London, Oct 16 (IANS) British royal couple Prince William and Kate Middleton have helped to raise 625,000 pounds for a charity, after hosting a special dinner here.Dailystar.co.uk reports that ... Read more...
Posted in Uncategorized |
Reliance Life gets central bank nod for stake sale to Nippon
September 30th, 2011 - 2:04 pm ICT by IANS
Mumbai, Sep 30 (IANS) Reliance Capital Friday said it hoped to conclude shortly a stake sale in its life insurance arm to Japan's Nippon Life for $680 million following a ... Read more...
Posted in Business |
Reliance Capital pact with Nippon in areas beyond insurance
September 1st, 2011 - 2:26 pm ICT by IANS
New Delhi, Sep 1 (IANS) Reliance Capital, part of the Anil Ambani-led Reliance Group, Thursday said it had signed an agreement with Japan's Nippon Life Insurance to pursue further partnerships ... Read more...
Posted in Business |
Billionaire Raja Rajaratnam held guilty of fraud
May 11th, 2011 - 10:31 pm ICT by IANS
Washington, May 11 (IANS) Raj Rajaratnam, the billionaire investor who once ran one of the world's largest hedge funds, was Wednesday found guilty of fraud and conspiracy by a court ... Read more...
Posted in Business |
Rajat Gupta strikes back at US regulator
March 19th, 2011 - 9:49 am ICT by IANS
Washington, March 19 (IANS) Former Goldman Sachs Indian American director Rajat Gupta has sued the Securities and Exchange Commission (SEC), accusing the US regulator of "unfairly and unconstitutionally" connecting him ... Read more...
Posted in World |
Reliance gold fund attracts 200,000 applications
March 9th, 2011 - 7:02 pm ICT by IANS
Mumbai, March 9 (IANS) Reliance Mutual Fund Wednesday said it had received over 200,000 applications for its recently concluded gold fund making it the largest option that has been exercised ... Read more...
Posted in Business |
Banks, hedge funds were somehow “complicit” in massive Ponzi scheme, says Madoff
February 16th, 2011 - 6:17 pm ICT by ANI
New York, Feb 16 (ANI): Bernard L. Madoff, the man who is serving a 150-year sentence over defrauding people of billions of dollars while operating a vast Ponzi scheme that began at ... Read more...
Posted in World |
Hedge Fund Managers Arrested in Insider Case
February 9th, 2011 - 2:09 am ICT by Angela Kaye Mason
Feb 8 (THAINDAN NEWS) A report from Reuters reveals the latest developments in the hedge fund trading activities, with the news that two of the hedge fund managers were arrested and charged ... Read more...
Posted in Business |
Diamondback Capital Raided By FBI
November 23rd, 2010 - 6:31 pm ICT by GD
By Madhuri Dey
Nov 23, (THAINDIAN NEWS) Monday saw three important raids by the Federal Bureau of Investigation. The FBI raided the offices of the three important hedge funds which includes Diamondback Capital ... Read more...
Posted in Business |
Indian father, son face lawsuit in US over hedge funds
August 24th, 2010 - 12:37 pm ICT by IANS
Washington, Aug 24 (IANS) An Indian father and son who ran two small hedge funds catering to Silicon Valley Indian professionals are facing a lawsuit by angry investors alleging the two hid ... Read more...
Posted in Business |
Obama signs biggest financial overhaul in generations
July 22nd, 2010 - 12:09 am ICT by IANS
Washington, July 21 (DPA) President Barack Obama Wednesday signed into law the most sweeping overhaul of the US financial system since the Great Depression of the 1930s, capping a year-long effort ... Read more...
Posted in Business |
US Congress approves financial overhaul
July 16th, 2010 - 5:17 am ICT by IANS
Washington, July 16 (DPA) The US Congress Thursday approved the most sweeping overhaul of the financial sector since the 1930s, hoping to end Wall Street's riskiest practices and handing a major ... Read more...
Posted in Business |
US passes final version of financial reform overhaul
July 1st, 2010 - 8:16 am ICT by IANS
Washington, July 1 (DPA) The US House of Representatives Wednesday approved a final version of legislation that marks the largest overhaul of financial regulation since the Great Depression of the 1930s.
A ... Read more...
Posted in Business |
Mini-Madoff Ponzi Schemer Marc Dreier On 20 Minutes
June 7th, 2010 - 7:58 pm ICT by Pen Men At Work
Marc Dreier’s Ponzi scheme of $400 million was blown out off the front pages by Bernie Madoff, just a few days after he was arrested. Tonight it will be clear ... Read more...
Posted in Business, Entertainment |
Marc Dreier Speaks On Himself And Bernie Madoff On “60 Minutes”
June 7th, 2010 - 7:49 pm ICT by GD
By Madhuri Dey
June 7, (THAINDIAN NEWS) Marc Dreier appeared in "60 Minutes" for a television interview, the only one that he attended ever since the Ponzi scheme blew its cover with the ... Read more...
Posted in Business, Entertainment |
Disney secretary held for insider trading
May 27th, 2010 - 6:35 am ICT by IANS
Los Angeles, May 27 (DPA) Federal authorities Wednesday arrested a secretary at the Disney Company and her boyfriend on suspicion of insider trading violations after they tried to sell confidential information about ... Read more...
Posted in Entertainment |
Barack Obama’s Wall Street Bank Reform Bill Voted To Win
May 21st, 2010 - 7:20 pm ICT by GD
By Ranjan Bhaduri
Washington, May 21, (THAINDIAN NEWS) With the passing of the Baking reform bill by the US Senate, banks of Wall Street shall now come under direct power of the US ... Read more...
Posted in Business |
Lakshmi Mittal stays at top of UK’s rich list, Anil Agarwal at 10th
April 25th, 2010 - 1:06 pm ICT by ANI
London, Apr 25(ANI): Indian-born steel baron Lakshmi Mittal has topped The Sunday Times Rich List 2010, as his fortune doubled this year to 22.45 billion pounds, thanks to the recovery in ... Read more...
Posted in World |
Civil Fraud Charges Filed: Goldman Sachs and Fabrice Tourre
April 17th, 2010 - 2:26 am ICT by Angela Kaye Mason
Apr 16 (THAINDIAN NEWS) The SEC (Securities and Exchange Commission of the United States) filed a civil fraud complaint against Goldman Sachs of Sachs & Co. and one of it's vice presidents, ... Read more...
Posted in Business |
EU and US pledge unity over regulating credit default trading
March 16th, 2010 - 3:42 am ICT by IANS
Brussels, March 16 (DPA) European Union (EU) and US regulators pledged Monday to act together in regulating speculative trading in credit default swaps (CDS), a tool used by investors to cover themselves ... Read more...
Posted in Business |
Statement of President Obama on financial reform
March 16th, 2010 - 2:20 am ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- President Obama on Monday released the following statement on financial reform."It has now been well over a year since the near collapse of the financial sector, and ... Read more...
Posted in Politics |
Securities fraud and inside trading indictment reveals $11 million profit
January 22nd, 2010 - 2:15 pm ICT by BNO News
NEW YORK CITY (BNO NEWS) – Manhattan federal grand jury on Thursday indicts seven Wall Street professionals and attorneys for insider trading, prosecutors said.Seven Wall Street professionals were indicted as a result ... Read more...
Posted in Business |
Indian origin billionaire Raj Rajaratnam arrested for massive Wall Street fraud
October 17th, 2009 - 12:55 pm ICT by ANI
Washington, Oct 17 (ANI): Indian origin billionaire investor Raj Rajaratnam, founder of Galleon Group, was arrested over an alleged 20 million dollars insider trading scheme that US prosecutors called the biggest ever ... Read more...
Posted in World |
Church of England makes a U-turn
October 12th, 2009 - 5:38 pm ICT by ANI
Nevada (US), Oct 12 (ANI): Hindus and Jews have strongly criticized Church of England over its "overnight reversal of soul" resulting in it becoming robust defender of hedge funds and rushing to ... Read more...
Posted in World |
Hindus and Jews denounce Church of England for blessing hedge funds
October 9th, 2009 - 1:01 am ICT by Sampurn Wire
Hindus and Jews have strongly criticized Church of England over its "overnight reversal of soul" resulting in it becoming robust defender of hedge funds and rushing to their rescue.Rajan Zed, acclaimed Hindu ... Read more...
Posted in Entertainment |
Gwyneth Paltrow suggests “investing” to “nourish the inner aspect”
October 6th, 2009 - 10:49 am ICT by Sampurn Wire
To "nourish the inner aspect", Oscar winner Hollywood actress Gwyneth Paltrow (Shakespeare in Love) suggests "investing".Paltrow gives "some illuminating concepts" on "investing" in the latest newsletter in her blog "GOOP: nourish the ... Read more...
Posted in Entertainment |
Indian-origin high-flier ‘leaps to death’ in London
July 9th, 2009 - 6:01 pm ICT by IANS
London, July 9 (IANS) A young high-flying city executive of Indian origin - reportedly worried about losing his job - has died after falling from the eighth floor of an expensive ... Read more...
Posted in World |
‘Regulation insulated India from economic crisis’
May 13th, 2009 - 4:01 pm ICT by IANS
New Delhi, May 13 (IANS) The current global financial crisis, the worst in six decades, is expected to bottom out from the end of this year even as India has managed to ... Read more...
Posted in Business |
Creditors pave way for Chrysler to exit bankruptcy
May 9th, 2009 - 4:36 am ICT by IANS
Washington, May 9 (DPA) Chrysler took a giant step towards emerging from bankruptcy and joining Italy's Fiat Spa after a group of the US carmaker's creditors Friday gave up their hopes ... Read more...
Posted in Business |
Talks fail, Chrysler bankruptcy imminent: Report
April 30th, 2009 - 2:08 pm ICT by IANS
Washington, April 30 (DPA) Talks aimed at saving the ailing US carmaker Chrysler LLC from bankruptcy failed late Wednesday, making the company filing for court protection "all but certain", the Wall ... Read more...
Posted in Business |