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DBS's Gupta cleans up books, but faces challenges
DBS CEO Piyush Gupta is cleaning up the Singapore bank's books early in his tenure but fickle markets and low interest rates are challenging his robust profit outlook. The former Citibanker, who took over Southeast Asia's biggest bank in November, reported a S$1.02 billion ($750 million) writedown on Friday, the second-biggest since 2005, to reflect the market value of the bank's struggling Hong
DBS CEO Piyush Gupta is cleaning up the Singapore bank's books early in his tenure but fickle markets and low interest rates are challenging his robust profit outlook. The former Citibanker, who took over Southeast Asia's biggest bank in November, reported a S$1.02 billion ($750 million) writedown on Friday, the second-biggest since 2005, to reflect the market value of the bank's struggling Hong
House passes pared-down measure to fund war
Months behind schedule and stripped of money for domestic stimulus programs, legislation to fund the troop surge in Afghanistan was sent to President Barack Obama on Tuesday after disgruntled
House passes pared-down measure to fund war
Months behind schedule and stripped of money for domestic stimulus programs, legislation to fund the troop surge in Afghanistan was sent to President Barack Obama on Tuesday after disgruntled
Spa business soars in Ahmedabad with customised packages
Spa treatments—a relatively new concept in Ahmedabad, seems to have picked up in recent years with the all strata of the society, especially with the advent of the affordable spas and short
Punjab orders probe into multi-million agriculture scam
The Punjab government Monday ordered a high-level enquiry into the multi-million-rupee scam in the agriculture sector revealed through information obtained by an NGO through the Right to Information (RTI) Act.
The Punjab government Monday ordered a high-level enquiry into the multi-million-rupee scam in the agriculture sector revealed through information obtained by an NGO through the Right to Information (RTI) Act.
La. man arrested in alleged Ponzi scheme
A Louisiana businessman was arrested Thursday on charges he engaged in a Ponzi scheme that cost at least 200 investors more than $11 million, money he allegedly used to finance a lavish lifestyle.
A Louisiana businessman was arrested Thursday on charges he engaged in a Ponzi scheme that cost at least 200 investors more than $11 million, money he allegedly used to finance a lavish lifestyle.
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