| Thursday, May 12, 2011 |  |
| | | RAJARATNAM'S FRIENDS PROVED CRUCIAL TO SCHEME
In 2003, as Galleon's Raj Rajaratnam and Mckinsey's Anil Kumar walked out of a fund-raiser, Mr. Rajaratnam pulled his old friend aside and made him an offer: would Mr. Kumar provide him with insights for $500,000 a year? What made Mr. Rajaratnam stand out was not his proprietary computer models nor his skills in security analysis but the deep set of contacts he had cultivated inside Silicon Valley executive suites and on Wall Street. The portrait that emerges from the conversations secretly recorded by federal agents is of a man who bolstered his formidable talents as a money manager by tapping the insecurities and desires of those within his circle for lucrative - and illicit - stock tips. read more | | | | | | | | AT A GLANCE | | BSE | 18335.79 | -249.17 | | NSE | 5486.15 | -78.9 | | TURNOVER Rs. 121,121 cr | | BSE CASH Rs. 2,358 cr | | NSE CASH Rs. 8,987 cr | | NSE F&O Rs. 109,776 cr | | | | BULLION | | GOLD | 21892 | -29 | | SILVER | 51540 | -2330 | | | | CRUDE | | NYMEX | 102.25 | -0.08 | | BRENT | 112.31 | -0.26 | | | | FOREX | | $ / Re | 44.9825 | +0.3 | | £ / Re | 73.267 | +0.26 | | € / Re | 63.898 | +0.45 | | | | EVENTS |
| | 13 May |  | Election Results For Tamil Nadu, Kerala, Puducherry, West Bengal & Assam | |
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| | 13-16 May | | International Machine Tools Expo 2011, Auto Cluster Exhibition Centre, Pune | |
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| | 14 May | | Court To Decide Bail Plea Of Kanimozhi & Kalaignar TV MD Sharad Kumar | |
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| | 19 May | | Cairn Energy Annual General Meeting | |
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| | 20-22 May | | Build India 2011, Surat International Exhibition & Convention Centre, Gujarat | |
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| | 26-27 May | | 2nd Annual Conference On Gas-based Power Generation, Challenges, Opportunities & The Way Forward, The Imperial, New Delhi | |
| | | | | | EXPERT VIEWS |
| | "We (Unilever) have lost the connection with the world top. If we want to grow consistently the next five years and again want to become one of the bigger companies, we have to change the culture. The market wants to see more than a good quarter before believing Unilever has truly changed. We still have much to prove."
Paul Polman
CEO, Unilever "Combining the two - legitimate research with illicit tips - was known within Galleon as "having two torpedoes in the water. "If one of them misses, the other is likely to hit."
Adam Smith
Executive, Galleon "We are of view that on the question of OFCD, it requires decision of (market regulator) SEBI. Investors are not aware of OFCD. At the end of day, they would come and say that they were cheated. You know Harshad Mehta's case, same modus operandi was there. Investors were not aware of the scheme."
Supreme Court
Statement |
| | WATCH OUT |  Beautiful People Critically acclaimed screen writer and creative director of Taare Zameen Par, Amol Gupte is set to make his directorial debut with the film Stanley Ka Dabba. The actor-director talks to Anuradha SenGupta about the nuances of filmmaking with children, his experience of directing his son Partho the protagonist of the film and the pleasure of practicing the art of cinemaa. | SHOW TIMINGS Saturday 9pm
Sunday 1:30pm & 8:30pm
Monday 6:30pm
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