BRIC

BRICs, the Goldman coined term for the 4 emerging economies that are going to have a huge impact on world economics. Currently they together account for 15% of the world's GDP.

Jim'o' Nile of GS mentions in his interview at http://www2.goldmansachs.com/ideas/brics/index.html, there is a need for the global policy making organizations to give a greater role to these countries and not doing so can render a lot of policies useless.

Tech news update

- Microsoft planning to buy FAST enterprise search search engine to probably add excellent search capabilities to Sharepoint.

- Feedburner being bought by Google for a $100 million. With an investment of only $10 million thats great going.

- Google out with an opensource mobile OS Android, wherein developers can build applications in JAVA. A move to counter Windows mobile, eh? Maybe.

- Open ID project is now being supported by Microsoft and Google among other. Way to go for a future of Single Sign on for everything on the net !!

Future Group IPO

Future Capital IPO gets clearance from SEBI and may hit the market soon if the news is true , this is considered one of the good ipo as its from the Future Group.The company is looking to raise Rs 400 crore through IPO.Future Capital Holdings is offering 64.2 lakh shares via IPO and diluting 10.16% of equity. Promoters holding will reduced to 74% from current 83%.Currently the listed Pantaloon holds 61%, which will come down to 55% post IPO. Kishore Biyani's stake will come down from 6.6% to 6% post IPO.
Source : CNBC