New York | April 17, 2014 22:58 (IST)
US District Judge Jed Rakoff in Manhattan directed Mr Gupta to surrender by 2:00 p.m. EDT (1800 GMT) on that date to start serving his sentence at an institution chosen by the Federal Bureau of Prisons, according to an order issued on Thursday.
Reported By: A Vaidyanathan | April 17, 2014 16:40 (IST)
Sahara group on Thursday made a proposal to pay Rs 2500 crore within three working days and another Rs 2,500 crore along with Rs 5,000 crore in bank guarantees within 60 days.
Reported By: A Vaidyanathan | April 16, 2014 17:12 (IST)
The court will resume the hearing on Thursday, as the Sahara chief continues to be held at Delhi's Tihar Jail.
San Francisco | April 16, 2014 11:05 (IST)
Tech workers filed a class action lawsuit against Apple Inc, Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired to avoid competing for each other's employees in order to avert a salary war. Trial is scheduled to begin at the end of May on behalf of roughly 60,000 workers in the class, and defendants say damages could exceed $9 billion.
San Francisco | April 16, 2014 08:24 (IST)
Nadella, who took the helm in February, is seeking to push Microsoft further toward mobile and 'cloud,' or Internet-connected, computing. That marks a shift from his predecessor, Steve Ballmer, whose world view was more tied to personal computers and the Windows operating system.
April 15, 2014 13:19 (IST)
Mayaram, a 1978 batch Rajasthan cadre IAS officer has been holding charge as the Economic Affairs Secretary since 2012 and will continue to look after the Department of Economic Affairs.
London | April 12, 2014 13:49 (IST)
At a gala Asian Business Awards 2014 function held at the Park Plaza Westminster Bridge Hotel here last night, the group also won the Asian Business of the Year award for its outstanding achievement.
London | April 11, 2014 15:14 (IST)
Mr Tata, 76, is the only Indian among five foreigners to be awarded as part of the 'Honorary British Awards to Foreign Nationals' for 2014, others including Japanese and Greek nationals for services to economic and cultural ties with the UK.
April 11, 2014 12:29 (IST)
"Mr Shibulal has expressed his desire to retire either on the date of the last board meeting before his superannuation - January 9, 2015 or when his successor is ready to assume office, whichever date is earlier," Infosys said in a statement.
San Francisco/New York | April 11, 2014 12:28 (IST)
Icahn withdrew his two nominees to eBay's board ahead of the company's annual meeting in May. But in a concession to the famously pugnacious activist investor, eBay added David Dorman, a founding partner of investment firm Centerview Capital Technology, as a 10th independent director.
Mumbai | April 11, 2014 11:43 (IST)
In the just-concluded financial year, the country's forex reserves crossed $300 billion-mark, the highest since December 2011.
New Delhi | April 10, 2014 14:31 (IST)
Mr Nilekani, former chief of Infosys, figures among the richest in fray for 16th Lok Sabha elections with declaration of Rs 7,700 crore assets along with his wife; while ex-banker Meera Sanyal also stands taller than her constituency rivals in terms of declared assets of Rs 50 crore.
April 10, 2014 14:06 (IST)
Sahara lawyers on Wednesday had pleaded that Mr Roy be kept under house arrest so that he could negotiate a deal with the international buyer, stating that no global buyer would like to do business in a jail. However the top court refused to budge.
Toronto | April 10, 2014 08:22 (IST)
Watsa, who has built a reputation as a shrewd value investor through winning plays such as his bet that the US housing market would fall into crisis, has built up Fairfax's BlackBerry stake over the past three years. The smartphone maker's share price has tumbled from a Nasdaq high of about $148 in 2008 to a low of just over $5 last year.
April 09, 2014 20:21 (IST)
The body, which represents the $108 billion Indian IT-BPO sector, has also appointed BVR Mohan Reddy, the founder, Chairman and Managing Director of Infotech Enterprises, as the Vice Chairman.
New York | April 09, 2014 12:30 (IST)
Mr Gupta filed a 70-page petition with the US Court of Appeals for the Second Circuit yesterday seeking "panel rehearing and rehearing en banc", saying in "rejecting two of his challenges to the exclusion of critical evidence in his case, the panel misapprehended several points" about the insider trading case against him.
April 07, 2014 16:07 (IST)
Bala, as the former finance head of Infosys is commonly known as, is fighting his first election on an Aam Aadmi Party or AAP ticket from the Bangalore Central constituency for Lok Sabha polls.
April 04, 2014 17:50 (IST)
The Supreme Court ordered Lee Kun-Hee, South Korea's richest man, to appear in a local court within six weeks to answer fraud and other criminal charges stemming from the dispute or face arrest if he steps onto Indian soil.
April 04, 2014 16:56 (IST)
Earlier in the week, Supreme Court had directed Samsung Electronics Chairman Lee Kun-hee to appear before a Ghaziabad court in a 1.4 million dollar cheating case filed against him.
April 04, 2014 13:58 (IST)
The Wall Street Journal report titled 'Why China Doesn't Export World-Class CEOs' also said Indians' good command over the English language and their willingness to move gives them an edge over their Chinese counterparts to get the top jobs.