Blank cheque companies high in US for indian business

Yahoo! India News reporting that how companies in us are keen to invest in India, especially in IT and IT-enabled services sector (aka BPO).

FTA “2006 is expected to see further growth in this trend, and India is getting a big piece of the action. New York investment bank maxim group, which last year managed the biggest offering so far in this category, expects to take three more India-focused blank check companies public later this year to raise a total of around $180 million.

Now that is cool news for Indian companies.

India on high-alert after Varanasi blast

Security has been up in country following blasts in the temple town of Varanasi this evening.

So far 12 killed as 2 explosions rock Sankatmochan temple and the cantonment railway station Varanasi on Tuesday.

Security being increased up at places of worship, vital installations and government buildings through out country.

Let us hope so it will not get worst then this.

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