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Oil PSUs board rickshaws to keep losses under check
This could turn out to be a unique protest against government?s populist decision to keep retail prices of petrol and diesel insulated from global crude prices, forcing public sector oil companies to sell at a loss. Soon you will find oil marketing companies (OMCs) like IOC , BPCL and HPCL promoting ...
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Potential global market of 70 mln consumers for mobile broadband PCs – survey
A worldwide survey jointly conducted by the GSM Association and Microsoft indicates that there is an untapped potential market of 70 million consumers interested in notebook PCs with built-in mobile broadband , the two companies announced yesterday in Macao. Notebook manufac...
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NVI facilitates investment of Rs 165 mn for green entrepreneurs
New Ventures India (NVI) which facilitates sustainable enterprise growth through investment opportunities to emerging ’Green’ entrepreneurs since 2005, has announced investments worth Rs 164.9 million over the last one year in three companies. The project is an initiative of CII-Sohrabji Godrej Green Business Centre and ...
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Kiva.org Gift Certificates Pay It Forward… and Back Again
This year, give someone the opportunity to truly change the life of a person living in poverty in the developing world. Kiva.org , the world’s first microlending website, lets individuals purchase gift certificates for friends and family, allowing them to make a loan directly to a developing world entrepreneur. A Kiva.org gift certificate is much more than a gift -- it’s the start of a very positive cycle of loaning to a ...
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Dia de los bancos: Mexican in-store banks reaching out to new clients
The many in-store Mexican banks have only begun to scratch the surface of the unfulfilled demand for financial services among low-income Mexicans. Or so hope Banamex , Soriana , and Wal-Mart Mexico , the latest entrants into the consumer credit bonanza in Mexico. The success of ...
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Government intervention in microfinance: Threat or Opportunity?
(via IADB news) Government intervention in microfinance could bring funds and services to millions of poor people and improve the institutional framework of the industry?at the same time, it could deliver a knockout punch to private MFIs. By Peter Bate It would appear that the rosy wave that swept several Latin American countries in the 2006 elections is about to hit microfinance in the regi...
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Villagers forgo quick yuan for true riches
When Hamagu, a Tibetan village north of Shangri La , refused Government offers to replace their rutted yak track with a paved road to increase tourism, neighbours thought they were naive. But for village leader Liu Tang, making it easier for coach-loads of tourists to trample on his ancestral pastures and sacred hills was exactly what he wanted to avoid. When Beijing rebranded the nearby Tibetan tow...
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PE groups ready clean tech funds
Several private equity (PE) groups are creating funds exclusively for investing in clean technology in India, adding momentum to a sector where no funds currently exist. These groups include the Nevada-based Arvco Capital Research Llc. , Washington, DC-based ...