VARINDIA IT MAGAZINE

Social Media Users in India is on Upward direction : With India’s GDP bouncing back to a growth rate of 7.2 per cent, it has once again become the fastest growing economy in the world. Internet users are now growing by an average of more than one million new users every day, with all of the original ‘Next Billion Users’ now online. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

No Clarity From SBI on Interim Funding for Jet Airways : Jet's lenders, led by State Bank of India (SBI) , agreed to bailout the airline in a complex deal that involved the banks taking a majority stake, while seeking out an investor to help revive the company's fortunes, but seems offered no clarity on interim funding, leaving the future of the carrier hanging in the balance. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Merger of Lakshmi Vilas Bank with Indiabulls Housing Finance Finalises : As the business in non-bank lenders are surging, with this the cost of raising funds from the market was low. There is tougher market conditions brought back attention of the board of Lakshmi Vilas Bank approved to merge with Indiabulls Housing Finance (IBH) through a share swap deal. The merger will help Indiabulls get access to low-cost stable funds and an entry into banking. VARINDIA- INDIA'S FRONTLINE IT MAGAZINE