New York, March 4: Goldman Sachs Group’s chief executive Lloyd Blankfein has agreed to testify for the US government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, according to a report by The Wall Street Journal. Prosecutors have charged Sri Lanka-born Rajaratnam with 14 counts of securities fraud and conspiracy in the biggest insider-trading case in a generation.
New Delhi, March 4: Telecom minister Kapil Sibal is likely to meet industry players next week to reach a consensus on issues, including licensing, spectrum allocation, spectrum sharing and merger and acquisitions.
New Delhi, March 4: Lanco Infratech has finalised the acquisition of Griffin coal mines for Aus $730 million in the largest investment by any Indian firm in West Australia.
New Delhi, March 4: Insurance companies will suffer a loss of around Rs 3,500 crore in this fiscal on account of motor insurance, minister of state for finance Namo Narain Meena said.
Calcutta, March 4: R.S. Butola has taken over as the chairman of Indian Oil Corporation. Before joining IOC, Butola was the managing director of ONGC Videsh Ltd.
