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  • Poor rural India? It’s a richer place by Anand Giridharadas

    The chasm between India’s flourishing cities and bleak rural hinterland is narrowing. ? Spread across 650,000 villages, with an average population of 1,100, rural villagers were long imagined by city dwellers as primitive, impoverished and irrelevant, something to drive past on the way to something else. ? That is no longer the case. ? A new prosperity is sprouting in rural India, with tens of millions entering the pressure-cooker-and-television-owning class and...

    Source
    International Herald Tribune (link opens in a new window)
    Region
    South Asia
  • China, India, Turkey, Vietnam, Russia, Romania and Bulgaria Offer Greatest Investment Opportunities

    Winning Brands, Winning Formats are Keys to Success LONDON, 11 October 2005 ? Seven countries, China, India, Turkey, Vietnam, Russia, Romania and Bulgaria, offer the strongest investment opportunities for retail and consumer companies according to the fourth edition of PricewaterhouseCoopers’ Retail & Consumer study titled, From Beijing to Budapest: Winning Brands, Winning Formats. Of the seven priorities, Russia, Romania and Bulgaria joined the list for the...

    Source
    PricewaterhouseCoopers Press Release (link opens in a new window)
  • The company is working towards enabling the online delivery model, where customers can place orders

    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 this, HCL would be working closely with popular Internet portals in order to market its affordable product and the company would also be strengthening its existing d...

    Source
    DQ Channels (link opens in a new window)
  • Cell phones reshaping Africa

    Amina Harun, a 45-year-old farmer, used to traipse around for hours looking for a working pay phone on which to call the markets and find the best prices for her fruit. Then cell phones changed her life. We can easily link up with customers, brokers and the market, she says, sitting between two piles of watermelons at Wakulima Market in Kenya’s capital. Harun is one of a rapidly swelling army of wired-up Africans -- an estimated 100 million of t...

    Source
    CNN.com / AP (link opens in a new window)
  • Banco Uno Panama and Banco Uno El Salvador are granted a seven-year loan totaling USD 27.5 million by the Netherlands Development Finance Company (FMO) and its German partner DEG. The loan is to be used to extend Banco Uno’s credit card services to lower-income households. This will give many such households in Central America for the first time access to financial services. This will allow them to borrow and save money and thus gain access to the formal economy. Grupo Financiero...

    Source
    Finance for Development (link opens in a new window)
    Region
    Latin America
  • Calcutta, Oct. 16: Global micro-financiers Unitus and ACCION International have formed an alliance for India to reach out to 15 million households here within the next 10 years. ?While almost 10 per cent of the world population are benefited by micro-finance, it reaches only 1-2 per cent population in India. So, it is our endeavour to accelerate its growth in the country in association with local partners,? said Geoff Davis, president and chief executive officer, Unitus. U...

    Source
    The Telegraph (link opens in a new window)
  • MUMBAI, Oct 17 Asia Pulse - Citigroup CEO Charles Prince wants the US banking major to grab a larger slice of India’s micro finance sector in order to generate more business for its local banking operations. The group will continue to look at organic growth in India and appoint more people there, Prince said. We have long presence in India having more than 100 years of operations here. Our operations have been nice so far. However, we can do a lot more, he ...

    Source
    Asia Pulse News (link opens in a new window)
  • US-based semiconductor maker AMD said it would enter a joint venture with an Indian firm to sell personal computers for the same cost as cellphones. The company said it had joined with local technology firm HCL Infosystems to sell a personal computer for less than 10,000 rupees (220 dollars) to boost ownership in the nation of one-billion plus people with only 15 million users. That is in line with the cost of cellphones with a camera which retails for about 8,000 rupee...

    Source
    TodayOnline.com (link opens in a new window)
    Region
    South Asia
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