Wednesday 22 May 2013
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Business

Rajat Gupta seeks overturning of conviction in insider-trading

India-born former Goldman Sachs director Rajat Gupta Reuters Image
India-born former Goldman Sachs director Rajat Gupta today sought overturning of his insider- trading conviction in a US court here by arguing that the wiretap evidence used by the prosecution in the ...

Sensex up 91 points in early trade

Reuters Image
The BSE benchmark Sensex today rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues.

Li Keqiang woos Indian businessmen

Chinese Premier Li Keqiang (left) and Tata Sons Chairman Cyrus Mistry at the TCS office in Mumbai on Tuesday. AP
Chinese Premier Li Keqiang on Tuesday impressed Indian businessmen in the financial capital and lost no opportunity to woo them, lending at times personal touches while espousing deeper ties with India.

Lethargy haunts e-commerce fundraising

File photo.
Reflecting the tardy state of affairs in the fund raising efforts of Indian e-commerce companies, a report from investment bank Allegro Captial says that the first quarter of 2013 witnessed zero fresh Series A investments with merged entities...

Bosch Engg chief to chair Nasscom R&D council

Vijay Ratnaparkhe
IT industry nodal body Nasscom (National Association of Software and Service Companies) announced on Tuesday that it has established a new 'Engineering Council'...

Pvt firms need to sell shares worth $1.8 b

Forty eight private sector companies in India having a public shareholding of less than 25 per cent are expected to offload shares worth about $1.8 billion...

Global coffee exports up 7%, says ICO

File photo.
A 30 per cent rise in exports from Africa and significant increase from Vietnam and Indonesia saw global coffee exports rise 7 per cent to 56.1 million bags during the first six months (October 2012-March 2013) of the current coffee year,...

LIC sells 2.53% stake in Maruti

File photo.
Maruti Suzuki India on Tuesday said Life Insurance Corporation of India has sold 2.53 per cent stake in the company over a period of almost six months.

Rupee hits 6-month low at 55.41, slumps 30p Vs dollar

The rupee today hit nearly a six- month low of 55.41 by losing a staggering 30 paise, due to sustained dollar demand from importers and weak local equities, extending losses for the third straight session.

Nasscom keen to help K'taka CM on attracting IT investments

Reuters Image
IT industry body Nasscom will discuss with newly elected Karnataka Chief Minister Siddaramaiah matters concerning infrastructure development to attract IT investments in the state.

CCI starts probe into alleged cartelisation in petrol prices

Fair trade regulator Competition Commission has started investigation into alleged cartelisation by oil marketing companies in fixing petrol prices.

IGATE sacks CEO Phaneesh Murthy

Phaneesh Murthy, president and CEO of iGate, poses during the World Economic Forum (WEF) in Davos in this January 26, 2013 file photo. Reuters Image
History repeated itself on Tuesday as Chief Executive Officer of IT company iGATE Corporation, Phaneesh Murthy, faced the axe after a woman colleague...

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Photo Gallery
The car driven by Conor Daly slide down the track after hitting the wall

The car driven by Conor Daly slide down the track after hitting the wall

Visitors relax inside part of 1.4 million feet of painted, hand-knotted-rope

Visitors relax inside part of 1.4 million feet of painted, hand-knotted-rope

People kissing one another attend the event 'Concert pour tous!

People kissing one another attend the event 'Concert pour tous!

A protester hurls rocks at a police vehicle that fires tear gas in Chile

A protester hurls rocks at a police vehicle that fires tear gas in Chile

U.S. Border Patrol Search, Trauma, and Rescue team demonstrates a technical rescue extract

U.S. Border Patrol Search, Trauma, and Rescue team demonstrates a technical rescue extract

A lifeless horse lays tangled in power lines in Moore, Okla

A lifeless horse lays tangled in power lines in Moore, Okla

Heather Walker takes a photo of her tornado-ravaged car outside the day care where she works

Heather Walker takes a photo of her tornado-ravaged car outside the day care where she works

Cast and crew member of 'Behind the Candelabra' leave after the screening of the film

Cast and crew member of 'Behind the Candelabra' leave after the screening of the film

Actress Veronique Jannot (R) poses on the red carpet during the 66th Cannes Film Festival

Actress Veronique Jannot (R) poses on the red carpet during the 66th Cannes Film Festival

Kylie Minogue and director Leos Carax pose on the red carpet during the 66th Cannes Film Festival

Kylie Minogue and director Leos Carax pose on the red carpet during the 66th Cannes Film Festival