Seeking to prove that ex-Goldman Sachs director Rajat Gupta benefited from his relationship with Raj Rajaratnam, prosecutors have claimed that the Indian-American was secretly serving as a top executive of the the convicted hedge fund founder`s Galleon group. Testifying for the government on the eighth day of 63-year-old Gupta`s insider trading trial on Thursday, former marketing
To simplify the online reporting framework for overseas investment by Indian companies, the Reserve Bank today said Unique Identification Number (UIN) will be allotted to them through an auto-generated email. With effect from June 1, 2012, the RBI notification said, the auto generated e-mail, giving the details of UIN allotted to the JV/WOS under the automatic route, would be tre
The New Telecom Policy, which was approved by the Cabinet today, will be a boon for consumers as they would be able to retain the number even when they migrate from one telecom circle to other, says consulting firm Deloitte. The NTP 2012, which replaces more than a decade-old rules aims to ultimately abolish roaming charges, besides bringing in transparency and growth in the Indi
US officials, lawmakers and technology leaders offered a resounding "no" today, to proposals to bring the Internet under United Nations` control and said they would lead efforts to stop the move. At a congressional hearing, the comments were united in opposition to place the Internet under the jurisdiction of the International Telecommunications Union, a UN agency which
Maharashtra Government has opted for Pirangut village in Mulshi taluka of Pune district to start the pilot project of re-survey of land records. The project would be flagged off by Revenue Minister Balasaheb Thorat on June 2, Principal Secretary (Revenue) Swadheen Kshtriya told PTI. He said the project would be completed in three months. "The re-survey would be done
US officials, lawmakers and technology leaders offered a resounding "no" today, to proposals to bring the Internet under United Nations` control and said they would lead efforts to stop the move. At a congressional hearing, the comments were united in opposition to place the Internet under the jurisdiction of the International Telecommunications Union, a UN agency which
The government today cleared National Telecom Policy 2012 that aims to abolish roaming charges thus allowing mobile phone subscribers to use same number across country without having to pay extra charges. "Target is one nation full mobile number portability and work towards one nation free roaming," Telecom Minister Kapil Sibal told reporters after the Cabinet gave appr
Private sector lender Yes Bank has launched an online goal-based recurring deposits (RD) scheme, which will enable customers to calculate their monthly installment to achieve financial goals, a bank release said. "Based on the systematic investment plan (SIP) model, using the bank`s net banking services, this feature can calculate the monthly installment amount required to a
The much-awaited new Companies Bill, which seeks to replace the Companies Act 1956, is likely to be passed in the monsoon session of parliament, minister of state for corporate affairs RPN Singh said on Wednesday. "The new Companies Bill is likely to be taken up in the upcoming session of parliament," Singh said at an Assocham event in Delhi. "The ne
Welcoming the government`s decision to do away with multi-level TDS on software, industry body Nasscom said the move will benefit the IT sector and improve finances. The issue of 10 per cent tax deduction at source (TDS) was applicable at every level of software distribution chain, right from master distributor to reseller to channel. "This was leading to an u
The Department of Telecom has for the second time asked telecom regulator TRAI to make a detailed analysis of the impact of its recommended spectrum price on mobile phone tariffs in each circle before the meeting of Empowered Group of Ministers on June 5. TRAI had previously said that impact on tariff will be in the range of 1.5 paise to 4.4 paise per minute on all India basis of
Data and voice services provider Connect on Wednesday entered into an agreement with data centre company CtrlS to launch cloud computing services in Punjab. The partnership between the two is aimed at providing a range of services which include Data Centre Infrastructure, disaster recovery, storage, backup and other managed services. As a part of the strategic alli
IT firm Mahindra Satyam on Wednesday said it has set up a delivery centre in Toulouse, France, dedicated to aerospace and defence sector. This is part of the company`s larger strategy of expanding footprint in Europe with focus on strengthening relationships with regional aerospace and defence businesses, Mahindra Satyam said in a statement. The centre is Mahindra
Facebook India`s plea for dropping its name from a suit for action against social networking websites for hosting alleged objectionable content was on Wednesday dismissed by a Delhi court which held it cannot be said that the company has no say in running the site facebook.com. Administrative Civil Judge Parveen Singh dismissed the company`s plea for deletion of its name, rejecti
Taking a serious note of the alleged health hazards posed by mobile tower radiations, the Rajasthan High Court on Wednesday proposed to constitute a five-member committee of experts to look into the matter and prepare a study based on their survey in the state. A division bench comprising chief justice Arun Mishra and justice Mahesh Bhagwati asked the state government, counsel fo
Union Minister for Development of North Eastern Region (DoNER) Paban Singh Ghatowar today batted for a more efficient and dedicated `Project e-governance mission team` to transform it into a developed and an empowered region in the field of e-governance. Expressing regret that most states in the north-east are `inadequately equipped in terms of personnel and skill-sets` to push e
Reliance Communications today appointed former Aircel COO Gurdeep Singh as President and Chief Executive Officer of its wireless business, which provides and manages mobile telephony services. Singh had quit Aircel in January this year. The positions at RCom were lying vacant after Syed Safawi left the company in February. The Anil Ambani group compa
Convicted hedge fund founder Raj Rajaratnam wanted former Goldman Sachs director Rajat Gupta to ask Indian industrialist Mukesh Ambani if his company Reliance Industries was planning to "aggressively" get into the solar business, information federal prosecutors want to include as evidence in Gupta`s ongoing insider trading trial. In court documents submitted on Monday,
Iran has admitted that a data-mining virus dubbed `Flame` had caused substantial damage and massive amounts of data had been lost in what may be most destructive cyber attack on the nation. The virus also damaged centrifuges operating at its uranium enrichment facility at Nantaz as reports said that even computers of high-ranking officials had been penetrated. Tehr
