Thos Gieskes Takes Over as MD of OikoCredit

Social investor Oikocredit has announced that Thos Gieskes  will take over as its new managing director from April 2017. Gieskes has worked in international business and finance, particularly in rural lending and financing agribusinesses, for nearly 30 years.  For the majority of his career, he worked in leadership positions at Rabobank, an international cooperative bank headquartered in the Netherlands. In his ...

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PM to Open India’s Longest Road Tunnel in Jammu & Kashmir

Prime Minister Narendra Modi will inaugurate formally and dedicate to the nation, India’s longest road tunnel – the 9 kilometre long “Chenani – Nashri Tunnel” – on Sunday, April 2nd, 2017. The tunnel on NH-44 which connects Jammu with Srinagar, will reduce travel time between the two cities by upto two hours. It achieves a distance-reduction of 31 kilometres, bypassing snow-bound ...

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New IITs, IIMs Given Funds to Run Temporarily

Pursuant to the Budget Announcements 2014-15 and 2015-16, six new IITs coming up at Palakkad (Kerela), Tirupati (Andhra Pradesh), Jammu (J&K), Bhilai (Chhattisgarh), Dharwad (Karnataka) and Goa (Goa) have been given funds for new campuses and hostels, said Minister of State (HRD), Dr. Mahendra Nath Pandey on Thursday, March 29, 2017, in a written reply to a Rajya Sabha question. In ...

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Google Changing Sign-in Page for Gmail

Google has decided to make it easier and simple for its subscribers to sign in, not only for its Gmail but also other services inclduing the opening sign-in pages for Google Chrome, Google app or others. In a message, author of new Google Page Ashley said, "In the next few weeks, the page to sign in to your Google Account ...

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Chiranjeevi’s Next 151 Film on Uyyalawada Kicks Off

Boss is Back and he is not going to relent now riding on huge success of his 150th come-back film “Khaidi No. 151” that has minted more than Rs.150 crore. Chiranjeevi announced this himself on Meelo Evaru Koteeswarudu show on Friday that he would act in film on Uyyalawada Narasimha Reddy as his 151 project. The film is on famous rebellion ...

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First Time India Becomes Net Exporter of Electricity to Neighbours

Central Electricity Authority of India has become for the firs time  a net importer of electricity to neighbouring Nepal and Bangladesh. In 2016-17 (April to February 2017), India has exported around 5,798 Million Units to Nepal, Bangladesh and Myanmar which is 213 Million units more than the import of around 5,585 Million units from Bhutan. Export to Nepal and Bangladesh ...

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Ugadi Ushers in New Year Enthusiasm, Messages for Occasion

Ugadi or New year today called “Hevilambi Nama Samvatsra” is being celebrated by Telugus, Kannadigas and Gudi Padwa by Marathis with colourful mango leaves donning the entrances and arches in streets with flowers and Ugadi Pachchadi being distributed among relatives and friends. Ugadi, or the beginning of a new age in Sanskrit, denotes the the first day of Chaitra month in ...

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PM extends New Year / Ugadi Greetings

Prime Minister Narendra Modi has extended his New Year greetings to the citizens across India who are celebrating the start of New Year. In a series of tweets the PM wished that may the year bring peace, joy and prosperity to everyone. “People across India are celebrating the start of the new year. New year greetings to everyone. May the ...

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ADB Provides $32 Million to CreditAccess Asia

Asian Development Bank (ADB) last week signed a deal to provide $32-million credit to CreditAccess Asia (CAA), an Amsterdam-based microfinance holding company with operations in India, Indonesia and the Philippines. The investment of $32 million would be to increase the capital for the growth of CAA-owned microfinance institutions under the financial inclusion policy of the asian bank. operations. In addition, ...

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CreditAccess Asia Planning IPO ?

Netherlands-based Asian microfinance holding company CreditAccess Asia is reportedly planning to invest Rs.1000 crore in Asia, including India where its subisdiary Grameen Koota is fourth largest in the country. CreditAccess Asia (CAA) has recently raised about Rs 671 crore via equity capital, including Rs 212 crore from Asian Development Bank (ADB), funding from existing investor Olympus Capital Asia and another ...

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London Attacker Acted Alone, Admits UK’s Scotland Yard Police

UK investigative police Scotland Yard has finally admitted that they could not establish any motive behind the London attacker Khalid Masood whose brazen act in front of the British Parliament led th whole world believe that he was a terrorist and some possibly linking him to ISIS, which unilaterally claimed responsibility knowing that the free credit should not be missed. ...

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‘Katamarayudu’ vs ‘Khaidi No.150’: How They Fared in Opening Day Collections?

Telugu hero Pawan Kalyan’s ‘Katamarayudu’ opening day collections were staggering at Rs.28 crore, far below than his brotherChiranjeevi’s 150th film released in January after a hiatus of 10 years. Though ‘Katamarayudu’ was released on Friday in 1500 screens world over, 250 of them in US alone and 100 in Tamil Nadu, it has failed to reach the magic figure of ...

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Forget Jio’s 4G, NASA Aims at 100G Now!

At a time when Jio and Airtel are struggling to gain market lead with their 4G arsenal, NASA is developing what it said 100 time more powerful high-speed internet of the sky. Known as the Laser Communications Relay Demonstration (LCRD), it enables NASA experiment with much higher data rates for connections between spacecraft and Earth, such as scientific data downlink ...

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New Twitter Service ‘TweetDeck’ on Cards for Media, Marketing Professionals

Twitter is toying with another new way of providing a service for media and marketing professionals in order make more revenue for its existing platform with a huge reach but lesser revenue. The new TweetDeck for professionals such as journalists, marketers, publishers, upcomings brands and celebrities will be an ad-free platform for a subscription of $19.99 (Rs.1300) per month and ...

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ICRA Cuts Outlook On Janalakshmi Microfinance to Negative

Ratings agency ICRA has cut the credit rating for Janalakshmi Financial Services Ltd (JFSL), from "A+" Positive to "A+" Negative in view of the impact of demonetisation and increasing non-performing assets or failure on overall collections. In its note, the rating agency attributed the negative outlook to soon-to-be-turned small finance bank Janalakshmi’s collections which have gone down to 78% in ...

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Bahubali 2 : Budget vs Box Office Earnings Estimates

SS Rajamouli’s "Bahubali 2" has become a marketing lesson for management graduates before its release as unprecedented brouhaha has been created in its pre-sales record setting targets at double when the film hits 6500 screens on April 28, 2017. More on the lines of Rajinikanth film "Kabali" that had minted money before its release, "Baahubali: The Conclusion" too has signed ...

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‘Bahubali 2’ Release in 6500 Screens Eyes Huge Box Office Collections at Rs.100 Cr on Opening Day

SS Rajamouli’s magnum opus ‘Baahubali 2’ will be released in more than 6500 screens on April 28, 2017, creating another record in terms of the highest number of theatres for a movie to be released anywhere in the world. According to trade analyst Ramesh Bala, “#Baahubali2 will release in 6,500 Screens in India… Highest ever for any movie in India.” ...

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Freak Incidents in London Trigger Fears of Terrorist Attack?

  In what was not in line with established terrorist attacks, a freak accident on Thames Bridge threw off chaos and later one man with knives was shot dead for attacking a policeman in front of the British Parliament. However, the Police are suspecting it to be a terrorist attack and investigating. But the incidents have raised alarm around parliament ...

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Bankrupt StayZilla Founder Yogi Jailed, Startups Cry Foul

India ranks 130th in World Bank’s Doing Business rankings for 2017-18 and wants to reach 90th by next year and take a big leap to 30th by 2020. But not when startup founders are hounded and arrested on streets by Chennai police without giving a second chance or a second hearing. On March 14, 2017, Yogendra Vasupal or Yogi, who ...

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