New York/Washington, Sept. 14: Regulators and bankers have resumed a third day of talks in a desperate attempt to reach a deal to sell Lehman Brothers and prevent the struggling investment bank from flooding jittery financial markets with toxic assets at fire sale prices. Britain’s Barclays Plc, which had appeared to be the frontrunner to take over Lehman — excluding its bad mortgage-related assets —pulled out of the bidding early in the afternoon, according to a person familiar with the matter.
derstood to have offered its 31 per cent stake in Tech Mahindra to Tata Consultancy Services . BT may exit totally from the venture, sources close to the development said, but no confirmation could be obtained either from the British entity or the Tatas.
New Delhi, Sept. 14: Seasonally adjusted monthly inflation for August fell drastically to 5.5 per cent, the lowest since December 2007. Even though annual inflation rate fell for the third week in a row, it was quite high at 12.10 per cent for the week ended August 30.
New Delhi, Sept. 14: Reliance Capital is giving stock options worth over Rs 130 crore to about 350 employees across five segments as part of its efforts to retain senior managerial staff.
Mumbai, Sept. 14: Essar Shipping Ports and Logistics would raise $1.9 billion by the end of this year for expansion. The company has laid out a $2.5-billion expansion plan for the next three years. The fund will comprise a mix of equity ($600 million) and debt.
