Goldman Sachs To Shell Out $3.15B In Settlement Over Mortgage Bonds
Goldman Sachs Group Inc (NYSE:GS), one of the largest investment banks in the United States, said on Friday that it will pay $3.15 billion to buy back low-quality mortgage bonds it had sold to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis. The Federal Housing Finance Agency,... read more »
Amazon readying an attack on Google’s advertising business
NEW YORK: US online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising, the Wall Street Journal said Friday, citing sources familiar with the matter. Amazon is developing its own program to target ads using the information it gathers about the... read more »
Iconic US brand GAP comes to India through Arvind franchise
US apparel retailer GAP has entered India through a franchise agreement with Arvind Lifestyle Brands, a unit of textile and retail major Arvind. About 40 stores will be opened in the next five years and Arvind expects Rs 1,000 crore worth of business opportunity from the venture. “For many years,... read more »
Sebi tells PACL to refund Rs 49,100 crore to investors
In the biggest-ever crackdown on large-scale illicit money pooling schemes and a case that dwarfs the clampdown on Sahara, market regulator Sebi has asked PACL (formerly Pearls Agrotech Corporation) to refund Rs 49,100 crore to investors within three months. Sebi has also ordered the immediate... read more »
