Mutual Funds

Ex-Goldman director Rajat Gupta starts prison term on June 17


NEW YORK Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading.

India passes halfway mark in election with Hindu nationalists gaining strength

BANGALORE India called a quarter of its 815 million voters to polls on Thursday, the biggest day of its staggered election, in areas ranging from Himalayan passes to a southern IT hub and western sugarcane farms.

17 Apr 2014

Reliance Industries, HPCL Mittal plan refinery expansions

NEW DELHI Reliance Industries , owner of the world's biggest refining complex, and HPCL-Mittal Energy Ltd (HMEL), part owned by steel tycoon L N Mittal, have sought environment ministry approval for raising capacity of their plants.

17 Apr 2014

A star abroad, RBI boss riles bond traders at home

MUMBAI Since taking the helm of the Reserve Bank of India, Raghuram Rajan's agenda to reform markets has put the noses of Mumbai bond traders firmly out of joint by upending practices that provided them with a relatively secure rate of return.

Economy, 17 Apr 2014

Piramal to buy 20 percent stake in Shriram Capital for $334 million

MUMBAI Piramal Enterprises Ltd said it agreed to buy a 20 percent stake in unlisted Shriram Capital Ltd for 20.14 billion rupees ($334 million), increasing its foothold in the financial services sector.

Deals 17 Apr 2014

Ex-BP employee settles SEC insider-trading oil spill case

WASHINGTON A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday.

17 Apr 2014

Oil prices rebound from sharp selloff; more volatility expected

SINGAPORE Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on concerns over demand and weak equities.


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