Indian Institutes of Management (IIMs) have always been the dream destinations for youngsters in the country aspiring to make it big in the corporate world. But brand IIM has also managed to attract a good number of NRI students.
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The director of a leading US cancer research institute has sent a memo to thousands of staff warning of possible higher risks from mobile phone use.

Ronald Herberman, of the University of Pittsburgh Cancer Institute, said users should not wait for definitive studies on the risk and should take action now.
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If you’re a BlackBerry user, you’re probably getting tired of hearing about all the things Apple’s iPhone can do. Rumor even has it that a more iPhone-like BlackBerry is in the works. But don’t despond: Your current trusty emailing device has a few tricks up its sleeve that you may not know about.
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Hyderabad is waking up to expensive housing and how. Villas priced anywhere between Rs 2 and Rs 12 crore are coming up in the city and, hold your breath, selling too.
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Global investment banker Barclays Capital has projected that inflation may surge to 17 per cent by September on back of another round of hike in fuel prices in the same month.

“We believe WPI inflation will remain in double-digit territory until May 2009. We expect WPI inflation of 17 per cent by September 2008,” the report said.

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The U.S. would retain its top AAA credit ratings even if the government was forced to rescue mortgage lenders Fannie Mae and Freddie Mac, according to Moody’s Investors Service Inc. and Standard & Poor’s.

U.S. debt is “well within” the guidelines for an Aaa rating, said Steven Hess, vice president and senior credit officer at Moody’s in New York. The U.S.’s AAA rating is not at risk, said Nikola Swann, S&P’s primary U.S. credit analyst.
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Over $1 billion contributed to Social Security by part-time Indian workers can get refunded after 3 years

With Prime Minister Manmohan Singh’s government finally moving forward on the Indo-US nuclear deal, the Bush administration is also demonstrating its keenness to resolve other crucial bilateral issues in India’s interest. A long-standing Indian demand for a social security pact that allows Indian workers stationed in the US to bring back their contributions to the US Social Security system on their return to India, is close to being met.
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India’s industrial production grew at the slowest pace in more than six years and Standard & Poor’s said it may cut the nation’s credit rating to junk if the economy deteriorates further.
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Investors fled from stocks and bonds of U.S. mortgage giants Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) for a second day on Thursday as fears mounted over their ability to raise capital needed to survive. (more…)

This is amazing people lining up for a iPhone two days before the actual launch of it. This is exactly the height of capitalism eating into the core of Asian values i guess. Now an iteam purchased defines the person so people want to define who they are by what they buy. Hopefully the mad rush will end soon. Read here