Most Indian households don't invest in savings: survey /Assocham seeks standardization of Open XML/SEBI set to tighten noose on pre-IPOs

Daily Dose |   February 07 2008

>> TOP NEWS Most Indian households don't invest in savings: survey A whopping 96 percent Indian households cannot survive beyond a year in case they lose their sources of income and very few households invest in savings. Assocham seeks standardization of Open XML Assocham has approached the IT Ministry for the standardization of Open XML to enhance competition for the benefit of consumers and advancement of technology in the IT industry. SEBI set to tighten noose on pre-IPOs Capital market regulator SEBI has taken a serious view on PE deals struck ahead of initial public offerings (IPO). >> TECHNOLOGY Techies panic as companies go on a cutting spree IT employees find themselves worried about their future as companies are undergoing a retrenchment therapy. Indian arm fastest growing for SAP SAP, a business software maker said that SAP India was the fastest growing subsidiary for the company worldwide. >> BUSINESS India Post to leverage its real estate assets In a new move, the government is toying with the idea of raising resources from the realty assets of the postal department. Aditya Birla Group readies $100 Mn Family Stores The $24-billion Aditya Birla group is going to make a $100-million retail splash through its textile and apparel arm Madura Garments this summer. >> VENTURE NEWS Poor response to Emmar MGF IPO Emmar MGF's third largest IPO issue after Reliance Power and DLF that was to close Wednesday, has been extended by six days due to the poor response it has elicited. India Equity Partners invests $8 Mn in Ikya Human Capital India Equity Partners has invested $8 million (Rs 32 crore) in HR solutions startup Ikya Human Capital Solutions for an undisclosed equity stake. >> OTHER NEWS Indian Americans make an impact on 'Super Tuesday' Indian Americans voted in large numbers on crucial 'Super Tuesday' in the presidential primaries to play a vital role in shaping the country's political landscape. Hyderabad to have two premier biotech research institutes This southern city will now be home to two premier institutes - Center for Stem Cells Research and National Animal Resource Facility for Biomedical Research. >> BLOGS Challenges to market a website in India - Manish Jaiswal Like any product, marketing a website has similar set of problems except the rejection rate for a website in question could be pretty high vis-a-vis a commercial product or services in the Off Line space..... MAGAZINE Cover Story Arasan Chip Systems, a builder of IP solutions and related services competes with established names in numerous vertical markets and comes up trumps. Guest Contributor Innovation:The emerging East to West model By Dr. Krishna Mikilineni The author is Managing Director, Honeywell Technology Solutions Lab. SiliconIndia Books Shalimar The Clown Salman Rushdie: Los Angeles, 1991. Maximilian Ophuls, one of the makers of the modern world, is knifed to death in broad daylight on the doorstep of his illegitimate daughter Buy Now Leadership Secrets from the Mahabharata Meera Uberoi: The Mahabharata, one of the greatest books of all time, is not simply the story of a fratricidal war or a fount of wisdom for philosophers; it is also a comprehensive.... Buy Now Featured Mentor Shuman Talukdar Venture Accelerator

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