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Nobel season wraps up with economics prize today

Nobel season wraps up with economics prize today

Monday October 15, 2012

This year's Nobel season wraps up on Monday with the announcement in Stockholm of the economics prize, which US researchers are once again tipped to win after years of dominance in the field, experts say. The Royal Swedish Academy of Sciences will announce the winner or winners at 1:00 pm (1100 GMT).

Why your boss smiling at you is bad news

Why your boss smiling at you is bad news

Monday October 15, 2012, London

According to a new study, those who feel powerful tend not to smile back at important people, saving their smiles instead for those below them in the hierarchy.

5 things you may not know about Mukesh Ambani

5 things you may not know about Mukesh Ambani

Monday October 15, 2012

Reliance Industries chairman Mukesh Ambani is the country's richest man with a personal fortune of $19.3 billion, according to the inaugural India rich list of China-based research firm Hurun. Here are some interesting trivia on the senior Ambani.

US duo Roth and Shapley win Nobel prize for Economics

US duo Roth and Shapley win Nobel prize for Economics

Monday October 15, 2012, Stockholm

US economists Alvin Roth and Lloyd Shapley won the 2012 Nobel prize for economics on Monday for research on how to match different economic agents such as students for schools or even organ donors with patients.

Vikram Pandit steps down as Citigroup CEO: full statement

Vikram Pandit steps down as Citigroup CEO: full statement

Tuesday October 16, 2012

Vikram Pandit has stepped down as CEO of Citigroup today, a dat after the company's quarterly profit plunged on a $4.7 bn writedown of its stake in a brokerage operated by Morgan Stanley. The Board of Directors have now elected Michael Corbat as the new CEO. Here is the full statement.

Hyderabad's last Nizam named all-time richest Indian

Hyderabad's last Nizam named all-time richest Indian

Tuesday October 16, 2012, New Delhi

When you think of India's all-time richest people, what are the names that cross your mind? No, it's not the Tatas, Birlas or Ambanis, it's Osman Ali Khan, the last Nizam (or ruler) of Hyderabad.

EU health commissioner quits after fraud probe

EU health commissioner quits after fraud probe

Tuesday October 16, 2012, Brussels

European Union Health and Consumer Policy Commissioner John Dalli resigned today after being cited in a probe by the EU anti-fraud office over a tobacco-linked influence-peddling claim.

Who is Vikram Pandit?

Who is Vikram Pandit?

Wednesday October 17, 2012

Vikram Pandit joined Citigroup in 2007, when the hedge fund he founded, was acquired by the bank. He quickly rose to CEO in December 2007. Earlier, he had ascended to head of investment banking at Morgan Stanley before leaving in 2005 to form the hedge fund. A naturalized citizen, Pandit lives in New York with his wife and two children.

Vikram Pandit's successor Corbat to take home $1.5 mn base pay

Vikram Pandit's successor Corbat to take home $1.5 mn base pay

Wednesday October 17, 2012, New York

Michael Corbat, the new chief and successor of Vikram Pandit at Citigroup, will take a home an annual base salary of USD 1.5 million besides regular incentives and other benefits.

Insider trading case: Ex-Goldman Sachs director Rajat Gupta to be sentenced today

Insider trading case: Ex-Goldman Sachs director Rajat Gupta to be sentenced today

Thursday October 25, 2012

Former Goldman Sachs Director Rajat Gupta will be sentenced in New York on Wednesday by a US judge on insider trading charges a year after the Indian-American Wall Street executive was charged with passing boardroom secrets to the now imprisoned hedge fund founder Raj Rajaratnam.

Rajat Gupta gets two years in jail for insider trading; fined $5 million

Rajat Gupta gets two years in jail for insider trading; fined $5 million

Thursday October 25, 2012, New York

Former Goldman Sachs and Procter & Gamble Co. board member once widely respected worldwide for his business smarts was sentenced on Wednesday to two years in prison for feeding inside information about board dealings with a billionaire hedge fund owner who was his friend.

Insider trading case: Who is Rajat Gupta

Insider trading case: Who is Rajat Gupta

Thursday October 25, 2012, New York

He joined McKinsey & Company, the elite and secretive management-consulting firm as an earnest, under-stated young man, fresh out of Harvard Business School, and IIT Delhi before that.

Mukesh Ambani richest Indian for fifth year with wealth of $21bn: Forbes

Mukesh Ambani richest Indian for fifth year with wealth of $21bn: Forbes

Thursday October 25, 2012

Reliance Industries chairman Mukesh Ambani retained his position as the richest India, according to Forbes Indias rich list. Mr Ambani, who heads the countrys most valuable company, has a net worth of $21 billion. The senior Ambani stayed firm in the number one slot despite his fortune declining for three consecutive years.

Vijay Mallya loses billionaire tag; net worth drops

Vijay Mallya loses billionaire tag; net worth drops

Thursday October 25, 2012

Liquor baron Vijay Mallya, often referred to as 'King of good times', has lost his billionaire tag as "bad times" in his aviation business have dragged down his networth to below the $1 billion mark.

Indian Grand Prix awaits Vijay Mallya's arrival

Indian Grand Prix awaits Vijay Mallya's arrival

Friday October 26, 2012

Vijay Mallya's nameplate gleamed on the door of his office in the Force India hospitality at the Indian Grand Prix on Thursday while a team sponsor board outside carried the words 'Fly Kingfisher'.