NEW YORK - Two attorneys and Wall Street professionals were among 14 people charged Thursday in a widening $53 million insider trading case that has snared one of America’s richest men and shown white collar suspects to be using the cover-up tactics of drug dealers.
The actions raise to 20 the number of people who have [...]
With the maverick former Railway Minister Lalu Prasad gone, travelers should brace up for a possible rail fare hike. The Planning Commission has asked the Railways Ministry to raise passenger fares as well as freight rates to improve its revenues and profit margins and stop cross subsidisation.
“It is the Planning Commission’s job to make such [...]
The US unemployment rate has hit double digits for the first time since 1983 — and is likely to go higher.
The 10.2 per cent jobless rate for October shows how weak the economy remains even though it is growing. Rising unemployment also could threaten the recovery if it saps consumers’ confidence and makes them more [...]
More than 28 years after she lent Rs 10,000 to her husband to start what is now the multi-billion dollar Indian IT giant — Infosys Technologies Ltd — Sudha Murty, wife of Infosys founder and chairman N R Narayana Murthy, has sold Rs 430 crore worth of Infosys shares to finance her husband’s new Venture [...]
The government holds over 90 per cent (between 90-99.3 per cent) stake in a dozen public sector companies listed on the stock exchanges. If the government reduces its stake to the 90 per cent-level, it can raise as much as Rs 30,000 crore from these listed PSUs at current market prices. The government has pared [...]