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  • India’s mobile giants battle it out in the villages

    Mobile phone companies are taking cheap handsets and life-time prepaid services to India’s hundreds of millions of low-income earners in a bid to expand market share and maintain their break-neck rates of growth. Mobile ownership surged in December -- with a record 4.5 million new users -- after carriers targeted India’s poorer citizens with the launch of services that guarantee a number for life for just over $20. In the past, a prepaid number would cease to exis...

    Source
    Reuters (link opens in a new window)
    Region
    South Asia
  • BASIX unveils 2 new products for SHGs

    BASIX, a livelihood promotion institution, that is into micro-credit, agricultural development services, farmer cooperatives and so on, has come out with two new products for the self-help groups (SHGs), with one being a micro-credit plus capacity building product and the other a health insurance product. The products were launched at the national conference on ?Emerging opportunities at the bottom of the pyramid ? Transforming the Indian rural economy through profitability?. The micro...

    Source
    Business Standard (link opens in a new window)
    Region
    South Asia
  • Piramal set for intl R&D deals

    Andrew Jack And Khozem Merchant / Mumbai One of India’s leading pharmaceutical groups is set to sign a series of pioneering research and development agreements with large western groups, say executives. Swati Piramal, director of strategic alliances at Mumbai-based Nicholas Piramal, said senior delegations from leading multinational drugs companies had visited India in the past half-year, and some were set to announce collaborations with the company in a range of the...

    Source
    Business Standard (India) (link opens in a new window)
    Region
    South Asia
  • Professionals to Unlock Venture Capital Doors for Small Town Entrepreneurs

    A group of professionals is unlocking venture capital doors for small town entrepreneurs The story of Aavishkaar is a fine example of sophisticated paying back by educated, affluent Indians spread all over the world. They realise it was India’s knowledge-edge that leveraged them to good lives and so they have sought to widen that edge, by funding small town Indians whose innovations can increase productivities and wealth in the countryside. Aavishkaar itself is a notable in...

    Source
    Good News Magazine India (link opens in a new window)
    Region
    South Asia
  • IFC to set up micro equity fund

    International Finance Corporation (IFC) is all set to enter the microfinance market in India. The global lending body together with Andhra Pradesh Industrial Development Corporation Venture Capital and Bharat Yuvak Shakti Trust (BYST) are planning to set up a micro equity fund to help small entrepreneurs. ?The fund, to be set up with an initial corpus of $5 million (Rs 22.5 crore), would begin operations by April 2006,? said Vipul Prakash, regional manager, South Asia, IFC.

    Source
    Business Standard (link opens in a new window)
    Region
    South Asia
  • Philips to Take Telemedecine to the Hinterland

    Electronics major, Philips, is expanding its presence in the Indian healthcare delivery system through telemedicine by putting more mobile units on roads benefiting villages. Women in villages are already seeing the benefits of telemedicine. We now look forward to extending the technology to interior rural pockets, Gerard J. Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics, The Netherlands, said here on Sunday.

    Source
    The Hindu (link opens in a new window)
    Region
    South Asia
  • Rs 1-lakh Tata car to hit the market in three years

    Targeting the burgeoning middle-class, Tata Motors will roll out in the next three years its Rs one-lakh car ($2200) involving a low-cost assembly operation, according to Tata Group Chairman Ratan Tata. (The car) will be smaller and will be produced in larger volumes, with all the high-volume parts manufactured in one plant...Targeting the larger part of the income pyramid is an important part of what Tata will be doing, the 67-year-old corporate honcho said in an interview ...

    Source
    webindia123
    Region
    South Asia
  • HCL’s low-cost PC to revitalize distribution strategy

    HCL plans to market its new low-cost PC by partnering with major web portals for a piece of the fortune at the bottom of the pyramid. After having launched its low-cost PC in the Indian market, HCL is looking forward to injecting new vigor to its existing distribution strategy to tap the huge market potential in the Indian region. With an aim to increase its distribution footprint in the country, the company is all set to work on a two-pronged strategy. As part of ...

    Source
    DQ Channels (link opens in a new window)
    Region
    South Asia