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Indian guilty of attack on US firm servers

An Indian computer programmer was convicted on Wednesday by a federal jury of planting a virus on Fannie Mae computer servers to destroy theAmericanmortgage giant's data. Rajendrasinh Babubhai......

Another Obama staffer steps down

In another embarrassment for Democratic presidential nominee Barack Obama's White House campaign, the person heading the team looking for his running mate has abruptly resigned following outcry......

Obama in no hurry to choose veep

Having clinched the Democratic presidential nomination, Barack Obama indicated on Thursday that he was in no hurry to choose his deputy, a ticket coveted by vanquished rival Hillary Clinton, saying......

I am not out of the race, says McCain

Trailing in a raft of polls with barely a week to go for the November four showdown, the Republican nominee for the Presidential election has vowed a comeback even if many political analysts have......

Comatose US Senate India Caucus gets new life

United States Senators Christopher Dodd and John Cornyn have launched an attempt to revive the largely comatose US Senate India Caucus. Coryn founded the US Senate India Caucus nearly five years......

PSB Bull Run: Time For Govt To Reap Riches

Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion.It's time for the government, the majority owner of public sector banks, to reap the......

Tough Times Lie Ahead For Banking Sector

For the banking system a new cycle starts in FY2024.It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay. IMAGE: Finance Minister Nirmala Sitharaman......

Why is Rajat Gupta less equal than others

He was given a prison sentence for purveying insider information, while Hank Paulson got off scot-free for doing the same, writes Shankar Sharma On July 21, 2008, Hank Paulson, the then US......

What the Freddie-Fannie bailout means for Asia

American home buyers haven't been the only ones counting on the supposed reliability of Fannie Mae and Freddie Mac. The two companies' bonds have become favorites of Asian governments looking for......

US govt sues BoA for multi-year mortgage fraud

The US government has sued Bank of America for $1 billion on allegations of a multi-year mortgage fraud.In a complaint filed in a New York court, the Department of Justice alleged that from 2007......

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