Current Affairs For IBPS, SBI & All Banks Examination
19 July 2013
Rajat Gupta fined $14m, barred from boards
A US court on Wednesday slapped a penalty of $13.9 million on former Goldman Sachs director Rajat Gupta for insider trading, and permanently barred him from holding a board position.
One-time global head of McKinsey, Gupta was convicted in 2012 of illegally tipping hedge fund owner Raj Rajaratnam and sentenced to two years in jail, with a penalty of $15 million.
India’s TCS shares at record high on upbeat earnings
Shares in Tata Consultancy Services, India’s biggest IT outsourcing firm, rose to a record high on Friday after reporting better-than-expected quarterly earnings.