3.2 Billion dollar loan for Indian banks may get delayed-R s

SiliconIndia Daily dose

Thursday, June 18, 2009
Top news
The recapitalization of more than a dozen government-owned banks might get delayed by six to seven months. According to a senior finance ministry official, World Bank preconditions may delay the $3.2-billion loan to banks.
Indians are best prepared financially for their retirement and claim to have the good understanding of their long-term finances. 42 percent of the Indians felt well prepared, ahead of the Britons who stood second at 25 percent, as per a survey.
IBM announced it plans to invest $100 million investment into a research effort aimed at advancing mobile services and capabilities for businesses and consumers worldwide in the next five years.
A large number of semiconductor professionals are preferring to join the Indian semiconductor start ups after being laid off from MNC's like Freescale, Cypress Semiconductor, Analog Devices and Cadence, reports Financial Chronicle.
High end luxury Apartments 90 Lakhs onwards
3/4 BHK, BBMP approved, project completed HRBR Banaswadi, off ring road Kalyan Nagar, Bangalore.
Though, the small saving schemes are less publicized, they attract more depositors than bank deposits as the interest paid on these schemes and savings plans are tax free.
The worsening financial situation of Air India has drawn the management to increase the time lag of the salaries of its 31,500 employees by two weeks
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Aavishkaar India Micro Venture Capital Fund, which had a final target of raising $15 million, has made a final close at $14 million as reported in VCCircle
Accel Partners India, an early stage venture firm has invested in enStage, a provider of payment solutions based in California, reports Reuters.
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