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Sachin Ravikumar

Goldman employee in India arrested over $5 million theft complaint: police

10 Sep 2019

BENGALURU Indian police arrested a Goldman Sachs vice president on Tuesday after the Wall Street bank complained that he had tried to siphon more than $5 million of its funds, a police official said on Tuesday.

UPDATE 1-Indian shares volatile as market eyes stimulus; ITC drops

23 Aug 2019

BENGALURU, Aug 23 Indian shares see-sawed in subdued trading on Friday, as investors parsed through a series of headlines about a much-expected fiscal stimulus aimed at reviving economic growth and boosting market sentiment.

Indian shares rebound after report of likely FPI tax rollback

23 Aug 2019

BENGALURU, Aug 23 Indian shares rebounded from a sharp fall on Friday, following a media report that the government could soon announce a rollback of higher taxes for foreign portfolio investors (FPIs).

Top Indian cookie maker may cut up to 10,000 jobs as slowdown bites

21 Aug 2019

BENGALURU Parle Products Pvt Ltd, a leading Indian biscuit maker, might lay off up to 10,000 workers as slowing economic growth and falling demand in the rural heartland could cause production cuts, a company executive said on Wednesday.

Indian shares gain in line with broader Asia; pharma sector shines

19 Aug 2019

Aug 19 Indian shares followed their Asian peers higher on Monday, led by gains in pharmaceuticals stocks, after reports of a potential stimulus package from Germany boosted sentiment across global markets.

Indian shares slide as metals, IT stocks drag

16 Aug 2019

Aug 16 Indian shares slipped on Friday, dragged by declines in metals and IT services stocks, as the local markets caught up with a broader selloff in the previous day after fears of a recession in the United States stoked worries about global growth.

Indian shares rise as Trump delays China tariffs

14 Aug 2019

Aug 14 Indian shares followed their Asian peers higher on Wednesday after Washington delayed tariffs on some Chinese imports, bringing some relief to global markets rattled by a bruising trade conflict.

Indian shares slip as telcos, autos fall; all eyes on fiscal stimulus

13 Aug 2019

BENGALURU, Aug 13 Indian shares slipped on Tuesday, dragged lower by telecoms and automotive stocks, as investors remained wary in the absence of any announcement about a government fiscal stimulus package and ahead of key inflation data.

Indian coffee tycoon Siddhartha's body found floating in river

31 Jul 2019

MANGALURU/BENGALURU Authorities in Southern India recovered the body of coffee baron V.G. Siddhartha floating in a river on Wednesday, two days after his disappearance sparked speculation that he was under intense financial strain.

Indian coffee industry tycoon goes missing, investors spooked

30 Jul 2019

BENGALURU The founder and largest shareholder of India's biggest coffee-chain owner Coffee Day Enterprises went missing on Tuesday, with media reports citing a letter purportedly written by him that said he gave in to pressure from lenders and tax authorities.

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