Stem cell research in India too?

This is good news… I guess!

Bangalore: Cryo-Save Group, an adult stem cell banking company, launched Cryo-Save India in Bangalore on Wednesday. The subsidiary in

India has an automated stem cell banking facility and offers a dual storage system. The facility will enable automatic processing to avoid manual intervention and contamination. It will collect and store adult stem cells derived from cord blood.

The facility can store 1,50,000 samples. According to MD of Cryo-Save India, V R Chandramouli, India has a good market for advanced stem cell banking services. "There is an immense market potential for adult stem cell or family banking here," he confirmed.

The facility was set up with an investment of 1.8 million euros. Cryo-Save Group will scale up its investment to 2 million euros after a year, depending on the response in India.
"Stem cells are natural repair kits of the human body

In the last 18 years, more than 10,000 patients have been treated with cord blood stem cell transplantations in over 150 countries," Chandramouli said. "Currently, stem cell research is being done for more than 85 diseases."
Cryo-Save’s services are available in 37 countries.

[ source: TOI ]

Never miss an oppurtunity

A man with a gun goes into a bank and demands their money. Once he is given the money, he turns to a customer and asks, “Did you see me rob this bank?”

The man replied, “Yes sir, I did.” The robber then shot him in the temper , killing him instantly.

He then turned to a couple standing next to him and asked the man, “Did you see me rob this bank?”

The man replied, “No sir, I didn’t, but my wife did!”

Moral – When Opportunity knocks…. MAKE USE OF IT !!!!

Lehman Brothers files for bankruptcy

The business world seems to be getting really scary!!

Lehman Brothers Holdings Inc; $639 billion

The Lehman Brothers bankruptcy, is without a doubt, the largest bankruptcy ever: the size is estimated between $613 billion and $639 billion!

What began life as a general store set up by three German immigrant brothers to the United States, over the years turned into one of US’s largest investment banks.

The amazing story of Lehman Brothers’ story started in 1844, when 23-year-old Henry Lehman, son of a cattle merchant, emigrated to the United States from Rimpar, Bavaria. He settled down in Montgomery, Alabama, and opened a dry-goods store — H Lehman.

Later, when his brothers, Emanuel and Mayer, joined him the company changed its name to Lehman Brothers.

The global financial-services firm, which did business in investment banking, equity and fixed-income sales, research and trading, investment management, private equity, and private banking declared itself bankrupt on September 15, 2008.

Why it collapsed?

The fourth-largest investment bank in the United States, and one of Wall Street’s biggest dealers in fixed-interest trading, was heavily invested in securities linked to the US sub-prime mortgage market.

As the crisis in financial markets gathered momentum, it saw its share price collapse from $82 to less than $4.

It was the exaggerated but misplaced confidence of Wall Street’s longest serving chief executive officer, Richard Fuld of Lehman, that finally led to Lehman’s demise. Over 14 years, Richard Fuld, 62, turned a money-losing bond trading shop into a full-service investment bank. An international squash player, Fuld could not master the final stroke as he failed to keep the 158-year-old banking major alive.

Fuld never changed. He remained the obstinate Lehman loyalist whose pride stood in the way of the firm. If he had sold out earlier, Lehman could have survived. Fuld earned a BA from the University of Colorado and an MBA from New York University’s Stern School of Business. He started at Lehman in 1969.