Power producers in a fix as IDBI sits on escrow agreement
Many independent power producers (IPPs), who were hoping to get an escrow cover from the Tamil Nadu Electricity Board, face uncertainty, as the Industrial Development Bank of India (IDBI) is yet to clear the escrow draft agreement sent to it recently by TNEB.

Silicon Valley lobbies for increasing H-1B visas
United States Congress has included the legislation for increasing work visas for skilled foreign professionals in the omnibus bill, on demands by software and other hi-tech firms facing skilled manpower shortages.

Thailand banks may be the first to recover
Thailand's beleaguered banking system may be the first in Asia to recover from the region's crisis, Thomson Bankwatch-Asia president Philippe Delhaise said yesterday.

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