Stalin keeps home portfolio, PT Rajan gets finance

Dravida Munnetra Kazhagam president M K Stalin's cabinet, including him, would be 34-member strong and he has retained senior leaders like Duraimurugan and 15 shall be ministers for the first time.......

'TN's finances are a mess, it's not going to be easy'

'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.''We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance......

Lehman sues JPMorgan for siphoning billions

Lehman Brothers Holdings Inc's estate has filed a lawsuit against JPMorgan Chase, alleging that the Wall Street major siphoned billions of dollars just days before the demise of the company. The......

'Lehman investments: JPMorgan must face lawsuit'

A federal judge on Wednesday said JPMorgan Chase & Co must face a lawsuit by a pension plan that accused it of mismanaging its money by investing in Lehman Brothers Holdings Inc notes before that......

Wipro, Copal mull Lehman BPO buyout

IT major Wipro Technologies and Gurgaon-based knowledge process outsourcing firm Copal Partners have expressed interest in bidding for the Indian back office business of Lehman Brothers Holdings,......

Lehman not to curb outsourcing

Lehman Brothers Holdings is not ending or pulling back on outsourcing. Charlie Cortese, its managing director for information technology, asserted that "overall numbers involved in outsourcing will......

Ecclestone settles dispute with banks

A group of three banks has wrested control over the companies controlling Formula One's commercial rights from supremo Bernie Ecclestone, the German state bank BayernLB said.In a settlement agreed......