Manhattan’s Indian-American US Attorney Preet Bharara has struck again with the conviction of an Indian-American portfolio manager, giving him an enviable 79-0 record in his four-year long crackdown on insider-trading on Wall Street. A jury of seven women and five men Thursday found former SAC Capital Advisor portfolio manager Mathew Martoma, 39, guilty on one […]
Supreme Court Friday issued notice to Delhi Chief Minister Arvind Kejriwal on a petition challenging a Delhi High Court order in a defamation case against him. The Supreme Court also stayed the operation of the high court order that had permitted Kejriwal to approach the lower court for his discharge in the defamation suit filed […]
The top US drug regulator is headed to India, which supplies an estimated 40 percent of the generic drugs sold in the US, to talk about quality issues after recent action against some Indian drug makers. The US Food and Drug Administration announced Thursday that Commissioner Margaret A. Hamburg, will travel to India Feb 10-18 […]
A total of 28 rounds of bidding were completed by the end of Day 4 Thursday of the second generation (2G) spectrum or airwaves auction that began Feb 3, an official statement said here. The government received cumulative bids worth Rs.52,689 crore at the end of the fourth day, Telecom Secretary M.F. Farooqui said. “The […]
The Arvind Kejriwal-led Delhi government Thursday asked its anti-corruption bureau to investigate the alleged irregularities in installing streetlights during the 2010 Commonwealth Games organised under then chief minister Sheila Dikshit. Acting swiftly, the anti-corruption bureau filed a fresh first information report (FIR) slapping cases under section 420 (cheating) and 120 B (criminal conspiracy) against unknown […]
Three parliamentarians from Andhra Pradesh Friday served no-confidence notices in the Lok Sabha against the Manmohan Singh government for its decision to carve out Telangana from the state. Harsha Kumar of the Congress, M. Venugopal Reddy of the Telugu Desam Party and M. Rajamohan Reddy of the YSR-Congress served separate notice to test government’s strength […]
A special court in Pakistan constituted to try former president Pervez Musharraf for high treason resumed its hearing Friday but Musharraf again failed to appear before it. On Feb 4, sources close to Musharraf said the former president would appear before the court Feb 7 in the high treason trial for imposing Emergency and subverting […]
Citing immigrants’ absolute faith in the American dream, Rajiv Shah, the Indian-American administrator of the US Agency for International Development (USAID), has given a call to “end extreme poverty in our lifetime.” “This is now achievable, but only if all of us-from science, business, government, and faith-come together for the poor,” he said delivering the […]
Three power discoms moved the Delhi High Court Friday against the order of a single judge refusing to stay a Delhi government directive for a Comptroller and Auditor General (CAG) audit of their finances since their inception in 2002. A division bench of Chief Justice N.V. Ramana posted the pleas for Feb 14. Justice Manmohan […]
President Pranab Mukherjee will visit Maharashtra Feb 8-9, a Rashtrapati Bhavan statement said Friday. The president will inaugurate the diamond jubilee celebrations of Kishinchand Chellaram (KC) College Saturday and the 150th anniversary celebrations of the Advocates’ Association of Western India in Mumbai. Mukherjee will Feb 9 will inaugurate ‘Krishi Vasant’ – a national exposition organised […]