TopNews

The social networking space may see more action in coming days as Software Giant Microsoft Corp is planning to invest in Social networking website Facebook. The company plans to buy up to 5% stake in fast growing online social network with an investment of nearly US $400 million.

Google has also shown interest in buying stake in Facebook, but there has been no official statement regarding the issue. Google also operates a social networking website orkut. Microsoft will get better access to a very huge user base of Facebook after this investment.

ICICI Bank has planned to offer better private banking services in smaller cities and towns to get control over the mid-size and small-size entrepreneurs. Personal Banking business of ICICI has shown a growth of nearly 70 per cent in the last fiscal and the bank authorities want to continue at the same pace in this sector. ICICI Bank will be adding more relationship managers in the current year.

India has just won the World Cup match. Captain Dhoni has proved that his young team can play without any pressure and can win any targets. Indian team was very confident after defeating the world champion Australians.