Rome: Olympic champion Usain Bolt clocked a season's best of 9.76 seconds to win the 100 metres at the Rome Golden Gala Diamond League meeting on Thursday. The Jamaican world record holder, who managed only 10.04 in Ostrava last Friday, was back to his best against a world class field which included his compatriot and former world record holder Asafa Powell. Powell, who said later he had not heard the...
08:54 AM, Jun 01, 2012
MUMBAI: Gold prices in India, one of the world's leading consumers, climbed on May 28 in line with firm global markets but the rise depressed physical demand just ahead of a lean season. The most-active June delivery on the Multi Commodity Exchange (MCX) was up 0.24 per cent at Rs. 28,995 by 2:16 p.m. "We are heading towards seasonally weak demand period," said Babu Alapatt, managing director at retailer Alapatt...
04:11 PM, May 28, 2012
Mumbai: Sahil Peerzada has been summoned by the Mumbai Income Tax department just days after he was in the news in connection with the alleged molestation row in the Indian Premier League. The I-T notice for Sahil Peerzada is for an alleged gold fraud four years ago. Peerzada along with another man, Raees Khan, had allegedly defrauded a metal scrap trading corporate of Rs 464 crore. The gold fraud co-accused,...
01:33 PM, May 28, 2012
'Salt N Pepper' fame Aashiq Abu who had been in the pre-production work of his 'Idukki Gold' has suddenly shifted his plans and announced his new movie in the title '22 Female Kottayam'(22FK). Another small film featuring Rima Kallingal and Fahad Fazil in the lead cast, the new movie will be scripted by Abhilash Kumar with the support of Shyam Pushkaran. The movie which carries an interesting tag line 'No...
05:25 PM, May 25, 2012
Mumbai: Analysts at Goldman Sachs and Bank of America-Merrill Lynch cut their growth forecasts for India, following up on a Morgan Stanley downgrade earlier this week that had sparked much concern in domestic markets. The downgrades come in a tough month for Indian markets, after global risk aversion surged, exposing the country's fiscal and economic vulnerabilities. Goldman Sachs said it was cutting its gross domestic product forecast to 6.6 per...
05:24 PM, May 25, 2012
New York: Using FBI wiretaps, email, phone records and the testimony of a Goldman Sachs Group Inc director, US prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading trial of onetime corporate star Rajat Gupta. 63-year-old Gupta is accused of providing now-imprisoned hedge fund manager Raj Rajaratnam with boardroom secrets between March 2007 and January 2009 while he was a director of Goldman Sachs...
09:17 AM, May 25, 2012
Thiruvananthapuram: 'Akashathinte Niram'(The Colour of the Sky), a Malayalam film directed by Biju Menon has been chosen for the 'Golden Goblet' competition section of the Shanghai International film festival. This is the first time a Malayalam movie is being selected for the main competition section of the Shanghai festival, a release here said. The festival is to be held from June 16 to 24 in Shanghai, China. 'Akashathinte Niram' is...
11:58 AM, May 24, 2012
New York: Former Goldman Sachs director and McKinsey & Co executive Rajat Gupta was on a list of "important people" that now-imprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed to take their phone calls, his onetime secretary testified at Gupta's insider-trading trial on Tuesday. The former Galleon Group employee Caryn Eisenberg also told the Manhattan federal court jury that she saw Gupta "many times" in the firm's...
09:52 AM, May 23, 2012
New York: A former Goldman Sachs Group Inc board member "threw away his duties" in divulging secrets about the investment bank to now-imprisoned hedge fund manager Raj Rajaratnam, a US prosecutor said at the start of a major insider-trading trial on Monday. Rajat Gupta, once a boldface name in business and charity circles, is the most prominent corporate executive charged in the US government's crackdown on insider trading. He has...
07:16 AM, May 22, 2012
New York: The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and - by the government's account - criminal. Hedge fund manager Raj Rajaratnam asked about a rumor that Goldman Sachs "might look to buy a commercial bank". On the other end of the phone, then-widely respected Goldman board member Rajat Gupta confided there...
09:37 AM, May 21, 2012
This week Rajeev Masand reviews 'Department' and 'The Best Exotic Marigold Hotel'. He also visits the 65th Cannes film festival and talks to Freida Pinto. ...
03:40 PM, May 19, 2012
Cast: Judi Dench, Bill Nighy, Maggie Smith Director: John Madden Seven British fogies find love, sex, jobs, and redemption, when they head to India in the predictable yet feel-good comedy 'The Best Exotic Marigold Hotel'. Directed by Shakespeare In Love's John Madden, the film boasts an ensemble of some of the finest English actors who pump heart into what could've easily been an entirely calculated affair. Judi Dench stars as...
01:34 AM, May 19, 2012
New York: Indian-American corporate leader Rajat Gupta has been warned by a US judge that he cannot beat insider trading charges by trumpeting his history of philanthropy any more than Mother Teresa could use her missionary work to fend off bank robbery charges. "If Mother Teresa were charged with bank robbery, the jury would still have to determine whether or not she committed a bank robbery," US District Judge Jed...
06:35 PM, May 18, 2012
After working as a close aide to his mentor Renjith for almost a decade, Shankar Ramakrishnan has suddenly turned busy with his works. Known more as the script writer of the historical thriller 'Urumi' featuring Prithviraj and Genelia, Shankar has currently emerged as one of the most sought- after writer in the industry. Shankar is currently working on three eagerly awaited projects. His new script 'Gold' will be directed by...
06:14 PM, May 18, 2012
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