From lofty board room to lowly cell: Gupta begins prison term

Rajat Gupta, a one-time poster boy of Indians in America and former Goldman Sachs Director, today began his two-year prison sentence after fighting a protracted legal battle to clear his name in one of the biggest insider trading schemes in US history.

US Supreme Court rejects Rajat Gupta`s last bid to avoid jail

India-born former Goldman Sachs director Rajat Gupta will have to report to jail on June 17 to begin his two-year sentence on insider trading charges after the US Supreme Court rejected his last-ditch bid to stay out of prison while he appealed his conviction.

Global financial biggies catch India poll fever

These firms also include Bank of America Merrill Lynch, Nomura, Barclays, UBS, CLSA, BNP Paribas, RBS, Deutsche Bank, Credit Suisse, Morgan Stanley and JP Morgan.

Reforms to give 110-mn job boost to economy in 10 yrs: Goldman

As general elections draw closer, global financial major Goldman Sachs said 40 million new manufacturing jobs can be created in a decade if states follow flexible labour laws like in Gujarat.

Britain faces mounting pressure to end Indian aid

British government is facing renewed pressure to halt its aid to India at the earliest after latest figures showed the latter`s economy is set to grow by 6.5 percent next year and 7.2 the year after.

In Senate hearing, Goldman denies bad business

Goldman Sachs has denied reaping vast profits from the collapse of the US housing market as its top executive and a star trader faced hostile questions in Congress over the 2008 financial meltdown.

Rajaratnam faces new charges in Goldman Sachs `fraud`

Prosecutors alleged Galleon Group founder Raj Rajaratnam had received confidential tips about Goldman`s stock from three Indian American executives.

Goldman Sachs accused of fraud by US watchdog

Goldman Sachs is charged with fraud by US SEC in structuring & marketing of a debt product tied to subprime mortgages.

Goldman Sachs director Rajat Gupta in Galleon probe: WSJ

Prosecutors are examining whether Goldman Sachs Group Inc director Rajat Gupta gave inside information about the bank to Galleon Group hedge fund founder Raj Rajaratnam, the Wall Street Journal reported.

Max India seeks investors nod to sell 9.4% stake to Goldman

Diversified business house Max
India on Thursday said it will hold its shareholders meeting on
January 22 to seek their approval to sell 9.4 per cent stake
to Goldman Sachs Capital Partners worth USD 115 million.

Max India to sell 9.4 pct to Goldman unit for $115 mn

Max India will sell 9.4 percent stake to Goldman Sachs Capital Partners for a rupee equivalent of around $115 million on preferential basis.

Goldman Sachs played bigger role in AIG trades: Report

Goldman Sachs Group Inc played a bigger role in fuelling the mortgage bets that crippled American Insurance Group Inc than has been publicly disclosed, the Wall Street Journal reported on Saturday.

Goldman’s mortgage bets crippled AIG: Report

Goldman Sachs Group Inc played a bigger role in fuelling the mortgage bets that crippled American Insurance Group Inc than has been publicly disclosed, the Wall Street Journal reported on Saturday.

No cash bonuses for Goldman Sachs` top 30 executives

Amid the growing uproar over
exorbitant executive salary, financial services firm Goldman
Sachs has said its top 30 executives will receive their annual
bonuses only in stocks rather than cash this year.

Goldman Sachs to give all 2009 bonuses in stock

US investment giant Goldman Sachs said all 2009 bonuses for top executives would be in the form of restricted stock instead of cash under a new policy aimed at discouraging excessive risk-taking.

Goldman Sachs head apologises for financial crisis

The head of Goldman Sachs, Lloyd
Blankfein, has apologised for the role the financial services
major played in pulling down Wall Street titans that rattled
the entire world.

Goldman Sachs, Buffett to help small businesses

Goldman Sachs said Tuesday it is teaming with billionaire investor Warren Buffett to invest $500 million to provide thousands of small business owners across America with college scholarships and boost their access to capital.

Goldman Sachs Q3 profits surge to $3.19 bn

Financial services major Goldman
Sachs today reported a nearly four-fold jump in third quarter
profits at USD 3.19 billion, primarily boosted by trading and
investment segments.

Goldman Sachs ups FY 11 GDP to 7.8%, sees inflation rising

Global investment banking firm,
Goldman Sachs, on Monday raised India`s GDP growth forecast to 7.8
percent for fiscal 2011 from 6.6 percent based on a better
investment outlook and external environment and recovery in demand.

India`s rain deficit could rise to 18%: Goldman

The rainfall deficit in India
could rise to 18 percent during the July-September period
from the current 8 percent shortfall projected by the India
Meteorological Department (IMD), a report has said.