Goldman Sachs

  • Former Goldman Sachs director Rajat Gupta starts prison term on June 17 18-04-2014 10:12 AM

    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...
  • Rajat Gupta seeks re-hearing of insider trading conviction 09-04-2014 01:31 PM

    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...
  • Insider trading: US court upholds Rajat Gupta's conviction 26-03-2014 11:58 AM

    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 22-03-2014 02:46 PM

    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...
  • Gold steady, but set for biggest annual loss in three decades 26-12-2013 03:33 PM

    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...
  • After Goldman, Nomura now sees Modi wave during 2014 elections 28-11-2013 11:02 AM

    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 14-11-2013 08:09 PM

    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...
  • Montek slams Goldman Sachs, says UPA has a strong development plan 09-11-2013 05:58 PM

    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 09-11-2013 05:58 PM

    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...
  • Watch: India @ 9 with Bhupendra Chaubey 08-11-2013 11:48 PM

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • Is Congress paranoid about 2014 polls, Narendra Modi? 08-11-2013 11:26 PM

    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 08-11-2013 10:07 PM

    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 08-11-2013 09:07 PM

    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 08-11-2013 10:11 AM

    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...
  • Government hits out at Goldman Sachs for predicting NDA win in 2014 08-11-2013 09:51 AM

    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 upgrades view on domestic equities, cites optimism over Modi 05-11-2013 11:29 PM

    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...
  • JPMorgan's $5 billion settlement doesn't end its troubles 26-10-2013 09:57 AM

    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....
  • US: What's changing, what's not, in a shutdown 01-10-2013 07:32 AM

    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...
  • Goldman cuts India's GDP forecast to 4 per cent, sees rupee at 72 03-09-2013 02:48 PM

    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 centfrom 6.8 per cent for Financial Year 2015. Goldman says the downgrade reflects the more difficult external funding conditions for Asia as markets...
  • US: Goldman Sachs's MD arrested for raping 20-year old girl 23-08-2013 03:57 PM

    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...
  • Goldman Sachs downgrades Indian stocks to 'underweight' 01-08-2013 11:26 AM

    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...
  • Goldman ex-director Rajat Gupta paying $13.9 mn civil fine 18-07-2013 05:40 AM

    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...
  • US court studies wiretaps in Rajat Gupta insider case 22-05-2013 07:04 AM

    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...
  • Rajat Gupta to appeal against insider trading conviction 21-05-2013 10:27 PM

    New York: India-born former Goldman Sachs director Rajat Gupta will seek overturning of his insider-trading conviction in a US court today by arguing that the case rested exclusively on circumstantial evidence that relied on wiretap statements that did not involve him. The US Court of Appeals for the Second Circuit...