Tag Archives: investment

IFC Lends $10 Million Worth Credit Line to Nigeria’s LAPD MfB

IFC, the inestment arm of the World Bank, will provide $10 million loan to LAPO Microfinance Bank in Nigeria to roll out agent banking that will increase access to financial services for low-income customers, small-scale entrepreneurs and rural communities. It is the largest-ever investment IFC has made in a microfinance institution in Sub-Saharan Africa. LAPO Microfinance Bank, one among the ...

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Amitabh Bachchan family invests $71 million in Singapore firm

Bollywood veteran Amitabh Bachchan and his family have invested around $71 million in Singapore-based file sharing portal Ziddu.com, owned by Meridian Tech. “I am very happy and excited that Amitabh Bachchan has reposed confidence and trust on Ziddu.com,” said Ziddu founder Venkata Srinivas Meenavalli on Wednesday in a statement. The portal offers free cloud storage besides operating in the e-distribution ...

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Vibrant Gujarat: How Top Ten Celebs Sing in Tune With Modi?

The two-day global business summit, Vibrant Gujarat Summit, received huge investment and job creation plans from businessmen across the globe on Monday. The business summit is being held since Prime Minister Narendra Modi was the Chief Minister of Gujarat, in 2003. Modi has presented India as a manufacturing hub to the gathering on Sunday and said that “My government is ...

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I Fund Honest Party: AAP Raises Rs 2 Crore, Kejriwal Says No one Can Influence AAP

The Aam Aadmi Party has generated Rs 2 crore within days after it launched the fund raising campaign, “#IFundHonestParty” challenge ahead of the Delhi Assembly poll. While the party has a target of Rs 30 crore, Rs 2 crore has been raised from 4,500 people through the fund raising challenge. National Secretary of AAP, Pankaj Gupta reportedly said, “The #IFundHonestParty ...

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Xiaomi Profits Soar to $56.7 Million in 4 Years: Filing Report Shows

Chinese firm Xiaomi’s profits soared to 347.5 million yuan ($56.7 million) in net profit last year, according to a regulatory filing, despite the fact the company resorted to very thin margins with its Redmi budget phones. Established just four years ago, Xiaomi grew to become the third biggest smartphone maker after Apple and Samsung in the world. In India, Xiaomi ...

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Education: Key to Climate Adaptation

According to a recent study from the International Institute for Applied Systems Analysis (IIASA), education makes people less vulnerable to natural disasters such as floods, landslides and storms that are expected to intensify with climate change. “Education is key in reducing disaster fatalities and enhancing adaptive capacity,” said Wolfgang Lutz, director of IIASA’s World Population Programme. Investing in empowerment through ...

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Maharashtra Rolls Out Carpet for Investors: ‘Make in Maharashtra’ in 30 Days

In support of Modi’s ambitious project Make in India, Maharashtra Chief Minister Devendra Fadnavis takes initiative to begin ‘Make in Maharashtra’ policy rolling out carpet for industrialists assuring the investments proposals will be cleared and granted within a month, on Monday. As per reports from IANS, Fadnavis has decided to set up an Empowered Group of Secretaries of various key ...

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Pakistan a potential place for long-term investments, says PM Nawaz Sharif

Pakistan Prime Minister Nawaz Sharif Monday said that there were opportunities for investors in Pakistan and termed the country a potential place for long-term investment. The premier was speaking at a two-day investment conference titled ‘Invest Pakistan: priority sectors and legal framework for investment in the country’, Dawn online reported. Sharif said there were numerous power projects in the pipeline, ...

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Confidence levels dip among Venture Capitalists in Silicon Valley and China

The Silicon Valley Venture Capitalist Confidence Index for the third quarter of 2011, based on a September 2011 survey of 33 San Francisco Bay Area venture capitalists, registered 3.41 on a 5 point scale (with 5 indicating high confidence and 1 indicating low confidence). This quarter’s index dropped significantly from the previous quarter’s reading of 3.66 and marks the second ...

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Corruption stalks India’s 65th Independence Day

India’s 65th celebrations of Independence marked Prime Minister Manmohan Singh addressing the nation from the ramparts of the Red Fort in New Delhi, with corruption topping his focus on one side and social activist Anna Hazare embarking on fast unto death on the other.

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