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Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

Whistleblower, Paras Kuhad, alleged that Edelweiss Group and Caisse de depot et placement du Québec, a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did......

'People should feel like spending more'

'One of the ways to do that is to ensure that NBFCs have got liquidity.''If we don't do that, this mood of gloom will continue.'   Piramal Enterprises Chairman Ajay Piramal says the drying up......

Canada's Ivanhoe eyes investments in malls, retail

After setting up its real estate arm SITQ a couple of months ago, Canadian fund manager Caisse de depot et placement du Quebec is starting operations of its mall management and investment arm......

Why derivatives are weapons of mass destruction

As financial markets remain volatile, Warren Buffet's description of derivatives as 'weapons of mass destruction' is turning out to be more and more apt for banks and theircorporate clients. As for......

Contador suspended for suspected doping

Tour de France winner Alberto Contador and the Tour of Spain runner-up Ezequiel Mosquera were suspended for suspected doping on Thursday in a devastating blow to cycling's battered image. The......

Armstrong breaks collarbone

Seven-times Tour de France winner Lance Armstrong fractured his right collarbone in a race in Spain on Monday, casting doubt on his participation in May's Giro d'Italia. The American announced via......

Tour de France: Sanchez wins stage 7

Spain's Luis Leon Sanchez claimed his maiden Tour de France victory when he took the seventh stage with a bold solo attack in the finale of a 159-km ride from Brioude to Aurillac on Friday. The......

Ricco takes Tour de France sixth stage

Italian Riccardo Ricco won the sixth stage of the Tour de France on Thursday while Luxembourg's Kim Kirchen seized the overall leader's yellow jersey. The Giro d'Italia runner-up, also known as......

McEwen sprints to Tour stage win

Australian Robbie McEwen recovered from a crash to clinch the first stage of the Tour de France, a 203-km ride from London to Canterbury on Sunday. The Predictor-Lotto rider, who already has three......

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