Goldman Sachs

  • Ex-Goldman director Rajat Gupta fails to void conviction July 15, 2014

    New York: Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction. In a brief order, the full 2nd US Circuit Court of Appeals in New York refused on Monday to disturb a March...
  • Former Goldman Sachs director Rajat Gupta's 2-year prison begins June 18, 2014

    New York: Rajat Gupta, a one-time poster boy of Indians in America and former Goldman Sachs Director, on Tuesday began his two-year prison sentence after fighting a protracted legal battle to clear his name in one of the biggest insider trading schemes in US history. 65-year-old Gupta, once regarded as among...
  • Rajat Gupta loses appeal of $13.9 million fine, heads to prison June 17, 2014

    New York: Former Goldman Sachs Group Inc director Rajat Gupta on Tuesday lost his challenge to a $13.9 million civil penalty and a permanent ban from acting as an officer for a public company, the same day he was scheduled to begin serving a two-year prison sentence. In a brief order,...
  • Rajat Gupta's jail term begins today, says $14 million civil penalty too high June 17, 2014

    New York: India-born former Goldman Sachs director Rajat Gupta, scheduled to begin his two-year prison sentence on Tuesday told a US court that he should not be required to pay a heavy USD 13.9 million in civil penalties since he already has to pay over USD 11 million in criminal...
  • Rajat Gupta penning book to tell his story June 14, 2014

    New York: India-born former Goldman Sachs Director Rajat Gupta, who is scheduled to begin his prison term on June 17, hopes to release a book telling his side of the story and visit India once he completes his two-year sentence, according to a media report. Gupta, 65, lost his final bid...
  • US: Rajat Gupta loses last bid to avoid jail June 12, 2014

    Washington: Rajat Gupta, former Indian-American director of Goldman Sachs Group, must report to prison on June 17 to begin his two-year sentence for insider trading with the Supreme Court rejecting his plea. Supreme Court Justice Ruth Bader Ginsburg on Wednesday rejected Gupta's request for an order letting him remain free on...
  • BJP's win rekindles hope for reforms, growth: Goldman Sachs May 23, 2014

    A clear mandate for the BJP has rekindled hope for structural reforms and better investment climate and the country's growth is likely to accelerate to 6.5 per cent in Financial Year '16, a Goldman Sachs report said on Friday. According to the global financial services major, after the BJP's "historic" election...
  • Former Goldman Sachs director Rajat Gupta starts prison term on June 17 April 18, 2014

    New York: Rajat Gupta, India-born former director of Goldman Sachs Group, convicted in 2012 for insider trading, has agreed to surrender to prison authorities on June 17 to begin a two-year sentence. US District Judge Jed Rakoff in Manhattan directed Gupta, 65, who lost a bid for a new trial last...
  • Rajat Gupta seeks re-hearing of insider trading conviction April 9, 2014

    India-born former Goldman Sachs director Rajat Gupta has petitioned that a three-judge panel, which upheld his conviction on insider trading charges, should reconsider its decision and the court rehear the case, arguing that "critical evidence" in his favour was excluded at trial. Gupta filed a 70-page petition with the US Court...
  • Insider trading: US court upholds Rajat Gupta's conviction March 26, 2014

    New York: A former Goldman Sachs and Procter & Gamble board member was fairly convicted on charges that he fed lucrative inside tips to a billionaire hedge fund owner, a federal appeals court said on Tuesday. The 2nd US Circuit Court of Appeals made the ruling in the case of...
  • Former Goldman Sachs director Rajat Gupta should pay $15 million as penalty, US regulator tells court March 22, 2014

    Washington: US regulator SEC has asked an appeals court to affirm a district court's decision that India-born former Goldman Sachs director Rajat Gupta pay a $ 13.9 million penalty and be banned for life from serving as director of a public corporation. The federal regulator has filed a brief in the...
  • Gold steady, but set for biggest annual loss in three decades December 26, 2013

    Gold was little changed on Thursday in thin year-end trade, but looked set to post its biggest annual loss in more than three decades as rallying equities and optimism about a global economic recovery dented its safe-haven appeal. Worries this year that the US Federal Reserve will begin unwinding its stimulus...
  • After Goldman, Nomura now sees Modi wave during 2014 elections November 28, 2013

    Mumbai: Yet another foreign brokerage has said that it expects Narendra Modi-led BJP to come to power after the Lok Sabha elections. "Nomura expects a BJP-led coalition to form the next government at the Centre after the 2014 elections," political analyst at the Japanese brokerage, Alastair Newton, said in a...
  • Goldman Sachs promotes 27 Indian-origin executives November 14, 2013

    US financial services giant Goldman Sachs has promoted 280 executives, including at least 25 of the Indian-origin, to the coveted position of managing director. The new class of managing directors will assume their roles from Jan 1, 2014, the start of the company's next fiscal year. "We wish our new managing directors...
  • Montek slams Goldman Sachs, says UPA has a strong development plan November 9, 2013

    Planning Commission Deputy Chairman Montek Singh Ahluwalia on Saturday slammed global investment banker Goldman Sachs report, which suggested BJP's prime ministerial candidate and Gujarat Chief Minister Narendra Modi as an agent of Change. Ahluwalia asserted that the UPA government had laid out a very bold development agenda. ...
  • Goldman Sachs should not comment on political matters, says Montek November 9, 2013

    Planning Commission Deputy Chairman Montek Singh Ahluwalia, on Saturday, said US investment bank Goldman Sachs should not be commenting on political matters. "I don't agree with Goldman Sachs. Lots of people have said they should not be pronouncing on these things," Ahluwalia said on the sidelines of a function organised by...
  • Watch: India @ 9 with Bhupendra Chaubey November 8, 2013

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Is Congress paranoid about 2014 polls, Narendra Modi? November 8, 2013

    Seeking a ban on opinion polls, pulling out its spokespersons from any debate on poll surveys, the Congress is now hitting out at global investment firm Goldman Sachs for predicting positive results for the Indian economy on the basis of opinion polls which show that Narendra Modi-led NDA could win...
  • News 360: Congress slams Goldman Sachs for predicting growth if NDA wins polls November 8, 2013

    The Congress Party in a paranoid mode as Assembly elections in five states near. If it proposed a ban on opinion polls yesterday, today it hit out at investment bank Goldman Sachs for predicting strong economic growth if the NDA sweeps into office next year. The investment bank defended its...
  • Congress hits out at Goldman Sachs for calling Modi an agent of change November 8, 2013

    New Delhi: The Congress Party in a paranoid mode as Assembly elections in five states near. If it proposed a ban on opinion polls yesterday, today it hit out at investment bank Goldman Sachs for predicting strong economic growth if the NDA sweeps into office next year. The investment bank...
  • Andhra CM to attend Congress coordination meeting in Delhi November 8, 2013

    Hyderabad: Andhra Chief Minsiter N Kiran Kumar Reddy on Friday morning left for New Delhi to attend the Congress coordination committee meeting.The Chief Minister leaf for the national capital on summons from the party leadership. He would attend the state Congress coordination committee meeting, which will be chaired by party general...
  • Government hits out at Goldman Sachs for predicting NDA win in 2014 November 8, 2013

    New Delhi: Commerce Minister Anand Sharma has hit out at global investment bank Goldman Sachs after it suggested that the BJP-led NDA could win the next general elections. Anand Sharma in an interview to the Economic Times has accused Goldman Sachs of 'messing around with India's domestic politics'. He said Goldman...
  • Goldman upgrades view on domestic equities, cites optimism over Modi November 5, 2013

    Mumbai: US brokerage Goldman Sachs on Tuesday upgraded its overall view on domestic equities, citing optimism over possible political change led by Narendra Modi. "Optimism over (possible) political change, led by BJP's prime ministerial candidate (Narendra) Modi is dominating economic concerns," Goldman said in a note "We revise our end-2014 target for...
  • JPMorgan's $5 billion settlement doesn't end its troubles October 26, 2013

    Washington: The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it sold. It's merely a down payment. JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs - and it may need it all. In a statement...
  • US: What's changing, what's not, in a shutdown October 1, 2013

    Campers in national parks are to pull up stakes and leave, some veterans waiting to have disability benefits approved will have to cool their heels even longer, many routine food inspections will be suspended and panda-cams will go dark at the shuttered National Zoo. Those are among the immediate effects if...
  • Goldman cuts India's GDP forecast to 4 per cent, sees rupee at 72 September 3, 2013

    Goldman Sachs joins the downgrading bandwagon, sharply cutting India's GDP forecast to 4 per cent from 6 per cent  for Financial Year 2014 and to 5.4 per cent from 6.8 per cent for Financial Year 2015. Goldman says the downgrade reflects the more difficult external funding conditions for Asia as markets increasingly...
  • US: Goldman Sachs's MD arrested for raping 20-year old girl August 23, 2013

    New York: A New York-based Goldman Sachs Managing Director was arrested and charged with raping a 20-year-old woman while on vacation in the up-market Hamptons resort in New York state. The East Hampton Town Police arrested Jason Lee, 37, after responding to a disturbance at a house, the local police service...
  • Goldman Sachs downgrades Indian stocks to 'underweight' August 1, 2013

    Mumbai: Goldman Sachs downgraded its rating on Indian stocks to "underweight" on concerns about delayed growth recovery and rising vulnerabilities for the economy. This comes just a day after the Reserve Bank of India also downgraded growth forecast. It said a high current account deficit remains a key vulnerability, which was...
  • Goldman ex-director Rajat Gupta paying $13.9 mn civil fine July 18, 2013

    Washington: The former Goldman Sachs board member convicted of insider trading is paying $13.9 million to settle related civil charges of feeding inside information to his friend, a billionaire hedge fund boss. The Securities and Exchange Commission announced the fine on Wednesday against Rajat Gupta, who was also permanently barred from...
  • US court studies wiretaps in Rajat Gupta insider case May 22, 2013

    New York: Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial. Defense lawyer Seth Waxman told the 2nd US Circuit Court of Appeals in New York...