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  • Sahara Chief Subrata Roy Denied Bail Again, To Stay In Jail

    Sahara Chief Subrata Roy Denied Bail Again, To Stay In Jail

    Mr Roy had sought release for 40 days to finalise the sale deal of three overseas hotels. The Sahara group has been struggling to raise Rs.10,000 crore to secure bail for its chief.

  • Sahara Chief Subrata Roy To Stay in Jail: Top 10 Facts

    Sahara Chief Subrata Roy To Stay in Jail: Top 10 Facts

    The Supreme Court on Tuesday refused to grant bail to Sahara Group chief Subrata Roy, who has been held in Delhi's Tihar Jail since March 4. The top court said, "negotiations for selling properties in India can be done during the day and court will facilitate." Mr Roy had sought release for 40 days to finalise the sale deal of three overseas hotels. The Sahara group has been struggling to raise Rs.10,000 crore to secure bail for its chief.

  • Icahn and Ackman, Foes on Herbalife, Make up at Conference

    Icahn and Ackman, Foes on Herbalife, Make up at Conference

    Carl Icahn and William Ackman are friends again.On Wednesday at the CNBC Institutional Investor Delivering Alpha Conference, the men hugged and then praised each other over their investor activism.

  • Rajat Gupta's Release Date from Prison is March 2016

    Rajat Gupta's Release Date from Prison is March 2016

    According to information on the Federal Bureau of Prisons website, Gupta's "release date" from prison is March 3, 2016. Gupta began his prison sentence after fighting a protracted legal battle to clear his name in one of the biggest insider trading schemes in US history.

  • Warren Buffett Donates $2.8 Billion to Bill Gates, Family Charities

    Warren Buffett Donates $2.8 Billion to Bill Gates, Family Charities

    Buffett donated about 21.73 million Class "B" shares of Berkshire on Monday, a regulatory filing shows.

  • Satyam Case: Ramalinga Raju, Others Ordered to Pay Rs 1849 Crore

    Satyam Case: Ramalinga Raju, Others Ordered to Pay Rs 1849 Crore

    The money needs to be deposited with Sebi within 45 days, while interest would be levied at 12 per cent per annum with effect from January 7, 2009 -- the day this mega-scam came to the light through a letter written by Mr Raju himself.

  • Ex-Goldman Director Rajat Gupta Fails to Void Conviction

    Ex-Goldman Director Rajat Gupta Fails to Void Conviction

    In a brief order, the full 2nd US Circuit Court of Appeals in New York refused on Monday to disturb a March 25 decision by a three-judge panel of that court to let the June 2012 conviction stand. It did not explain its reasoning.

  • Naveen Jindal's Pay Falls By One-Third

    Naveen Jindal's Pay Falls By One-Third

    The JSPL chairman had in the previous fiscal taken Rs 54.98 crore as remuneration that included Rs 12.10 crore salary, Rs 0.4 crore perquisites and Rs 42.88 crore as share in the company's profit.

  • Bangalore Engineer Prepares Solar Tuk-Tuk for London Odyssey

    Bangalore Engineer Prepares Solar Tuk-Tuk for London Odyssey

    Rabelli will leave India next year on a 9,600-km odyssey through 10 countries to promote the idea of environmentally friendly travel. His tuk-tuk, or auto rickshaw, is powered entirely by electricity and solar power.

  • Billionaire Elon Musk to Give $1 Million to Tesla Museum

    Billionaire Elon Musk to Give $1 Million to Tesla Museum

    Billionaire Elon Musk, the chief executive and product architect of Tesla Motors, is giving $1 million to a New York museum dedicated to preserving the legacy of the inventor who inspired its name.

  • Change Is a Part of Life, Says Infosys' Shibulal

    Change Is a Part of Life, Says Infosys' Shibulal

    "Change is a part of life" were the parting words of S D Shibulal, the outgoing chief executive of Infosys who started the IT company with six friends over three decades ago.

  • Infosys' New CEO Hints at 'Transformation'

    Infosys' New CEO Hints at 'Transformation'

    Prepped to assume the new role, Sikka today in a blog post said that a company's "transformation" is about processes and people.

  • Disruption an Opportunity to Learn, Develop Products: Vishal Sikka

    Disruption an Opportunity to Learn, Develop Products: Vishal Sikka

    Mr Sikka, who takes over as the CEO of Infosys in August, is the first non-founderchief and also an outsider. He succeeds S D Shibulal, who was earlier slated to retire in January next year.

  • Buffett's Editor, 85, Leaves Day Job

    Buffett's Editor, 85, Leaves Day Job

    In January 1954, a bright-eyed 24-year-old from Cole Camp, Missouri, walked into Fortune magazines offices at Rockefeller Center in New York. Armed with a college journalism degree and work experience writing for a Maytag company magazine, she took an entry-level job assisting Fortunes male writers.

  • Subrata Roy Urges Supreme Court to Release Him on Parole

    Subrata Roy Urges Supreme Court to Release Him on Parole

    A bench headed by Justice T S Thakur, however, raised apprehension on Sahara selling international properties and asked the company to first dispose of its assets which are in the country.

  • A Fine Line in Revealing the Illness of the CEO

    A Fine Line in Revealing the Illness of the CEO

    Corporate leaders from Steve Jobs to Warren Buffett and now Jamie Dimon have wrestled with how - or whether - to go public about health problems. How much to disclose, and when, involves delicate corporate and personal decisions for which there are few hard rules. Executives have no real legal obligation to tell the world they are sick.

  • New Infosys CEO to Get Annual Salary of $5.08 Million

    New Infosys CEO to Get Annual Salary of $5.08 Million

    India's second-largest software services exporter sent out a circular calling for an extraordinary general meeting (EGM) of company shareholders on July 30 at Bangalore to approve appointment of Mr Sikka as the new Chief Executive Officer (CEO).

  • Jaitley Wanted to be a Chartered Accountant in His Younger Days

    Jaitley Wanted to be a Chartered Accountant in His Younger Days

    Finance Minister Arun Jaitley on Tuesday said he wanted to become a chartered accountant (CA) in his younger days, but ended up choosing the legal profession as "CA exam was too difficult to pass".

  • Infosys Loses Another Top Executive as K Murali Krishna Quits

    Infosys Loses Another Top Executive as K Murali Krishna Quits

    In the first top-level exit at Infosys after Vishal Sikka was named as its chief executive, K Murali Krishna, senior vice president and group head of the IT firm's computers and communications division, has resigned.

  • Three Independent Directors to Step Down from Wipro Board

    Three Independent Directors to Step Down from Wipro Board

    Prabhakar and Saran have conveyed their intention not to seek re-election in order to pursue other personal and professional interests, while Kagermann has expressed his intent to resign in keeping with the regulatory requirements in Germany, Wipro said in a statement.

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