New York: As the high-profile insider trading trial of former Goldman Sachs director Rajat Gupta enters its third week, the Indian-American's prominent friends feel he has been portrayed in an "unfair and one-sided" manner and his philanthropic work in India should not be forgotten. 63-year-old Gupta's trial, which began in Manhattan federal court on May 21, will resume on Monday after a weekend break with his protege and former McKinsey...
03:21 PM, Jun 04, 2012
Bangalore: Jailed in a corruption case, BJP MLA Sampangi on June 4 moved to the Karnataka High Court seeking bail and also to review the Lokayukta court verdict. The matter will come up for hearing on June 5 before Justice Jagannathan. In the first-ever conviction of an elected representative of the people in Karnataka, Lokayukta court Judge NK Sudhindra Rao on June 2 has convicted and sentenced Sampangi to undergo...
02:26 PM, Jun 04, 2012
Washington: Want to miss school? Get a good absent note. A fifth-grader in the US did just that by getting a handwritten note from Barack Obama asking the teacher to excuse his absence from school as he was with the American President. Tyler Sullivan, a fifth-grader in Rochester, went to watch his father, Ryan Sullivan, introduce Obama before the president's speech at Honeywell in Golden Valley. When he returns to...
12:23 PM, Jun 04, 2012
New Delhi: Gold prices on Saturday jumped sharply up to Rs 1,095 per 10 gram crossing the Rs 30,000 per 10 gram level, its all-time high, on account of rise in global prices of precious metal and weakening rupee. The maximum jump in prices was seen in Chennai, where gold became costlier by Rs 1,095 at Rs 30,380 per 10 gram, followed by Delhi with a again of Rs 960...
08:33 PM, Jun 02, 2012
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
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
