July 22, 2014 16:48 (IST)
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.
July 22, 2014 16:22 (IST)
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.
New York | July 17, 2014 09:19 (IST)
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.
New York | July 16, 2014 11:43 (IST)
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.
July 16, 2014 07:36 (IST)
Buffett donated about 21.73 million Class "B" shares of Berkshire on Monday, a regulatory filing shows.
July 15, 2014 17:54 (IST)
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.
New York | July 15, 2014 07:59 (IST)
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.
July 14, 2014 15:54 (IST)
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 | July 14, 2014 11:17 (IST)
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.
July 12, 2014 17:29 (IST)
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.
Bangalore | July 11, 2014 18:21 (IST)
"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.
July 07, 2014 22:27 (IST)
Prepped to assume the new role, Sikka today in a blog post said that a company's "transformation" is about processes and people.
New Delhi | July 07, 2014 15:37 (IST)
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.
July 04, 2014 10:07 (IST)
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.
July 03, 2014 20:01 (IST)
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.
July 03, 2014 11:29 (IST)
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 Delhi | July 02, 2014 14:32 (IST)
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).
New Delhi | July 02, 2014 10:25 (IST)
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".
Bangalore | June 28, 2014 21:29 (IST)
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.
June 26, 2014 18:58 (IST)
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.