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Age-old confusion: When do you become a senior citizen?
Retired, but not yet a senior citizen seems to be the plight of many. For instance, the Union ministry of Social Justice and Empowerment defines a senior citizen as someone who is 60, but the income tax department allows benefits for the category only after 65.

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IFC to provide $50 mn loan to Apollo Hospitals
World Bank Group member International Finance Corporation (IFC) today said it will give $50 million loan to healthcare major Apollo Hospitals for providing high quality services to smaller cities across the country.

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No need for fresh equity, says Andhra Bank CMD
State-owned Andhra Bank has enough capital and there was no need for government funds or follow-on public offer to meet its 20-25 per cent growth target for 2009-10 (April-March), Chairman and Managing Director RS Reddy said today.
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Mohandas Pai may succeed Nilekani: sources

Infosys has not named anybody who would fill Nandan Nilekani"s shoes but expressed confidence that leadership transition would be a smooth affair as was in the past. - PM picks Nilekani to head national ID card scheme - "We will miss him but the company will continue to run as usual" - What Nilekani will log on to in the ID project - Nilekani to step down from Infosys Board - Nilekani to have minister rank as Identification Project head - Infosys: Value at home "There is no discussion on this (Nilekani"s replacement) as of now," an Infosys spokesperson said today. According to industry sources, Mohandas Pai, HR head and a board member, is likely to succeed Nilekani. However, when asked the company declined to comment on this. "There are two things — one is as a member of the Board he (Nilekani) has resigned and the Board has to decide whether he needs to be replaced or not. Right now there are no discussions on that," Infosys CEO Kris Gopalakrishnan said talking to private television news channel CNBC TV18. "On his executive role, other people will take over ... we have exceptional leadership. Infosys will manage this without loosing any momentum as we have done in the past," he added. Analysts also feel that leadership transition would not be a problem for Infosys. From Narayana Murthy to Nilekani to Kris now, it has always been a glitchless affair, they pointed out. Nilekani yesteray resigned as Infosys co-chairman and a board member. The board has accepted his resignation.


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