He has also quit as the chairman of DSPML. He would continue as the non exec chairman of DSP BlackRock Investment.
DSP Merril Lynch chairman Hemendra Kothari has sold his 10% stake in the company to Bank of America. In a global merger last year, Bank of America took over Merril Lynch for $50 billion. So DSP Merill Lynch in India is now controlled by Bank of America.

California Democratic Rep. Maxine Waters maintains she did nothing wrong when she sought federal help last fall for a minority-owned bank in which her husband owns stock.

Wall Street closed higher for the fourth consecutive day on Friday, capping its best week since November, and one that gave investors a break from a relentless streak of declines.The market shot up in one week as it might in some years, with major indicators chalking up gains of about 10 percent.Friday’s gains were modest compared with the rallies on Tuesday and Thursday, but investors welcomed the market’s ability to hold its ground. Several recent rallies have ended with disappointing sell-offs.

Download Advance Tax Challan forms from NSDL Tax Information Network (TIN) from Income tax Department
Tax Information Network (TIN), a repository of nationwide tax related information, has been established by National Securities Depository Limited on behalf of Income Tax Department of India (ITD).

Satyam Computer Services Ltd (SATY.BO) kicked off a bidding process on Monday to sell a majority stake in itself and two potential suitors quickly confirmed they would join the race for the fraud-hit outsourcer