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Glaxo eyes pacts for developing vaccines, by Vivek Y Kelkar
Glaxo India is planning to enter into an alliance with major government and private research centres in the country for developing its vaccines, especially in areas related to clinical development of its products. Kal Sundaram, the company?s managing director, admitted that the company was open for alliances and was, in fact, actively seeking these, in order to develop and launch vaccines for the Indian and South Asian market. ...
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- Business Standard
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Glo Debuts With Mobile Banking Service, by Okechukwu Kanu
Glo Mobile has begun trials of its mobile banking service, the Glo M-Banking, which allows Glo Mobile customers swift and easy access to their bank accounts from their mobile phones within Glo coverage areas. Glo M-Banking is a collaboration between Glo Mobile and e-payment switch, Interswitch, which, for the first time in Nigeria, provides a uniform interface to a multitude of banks. Story available here. ...
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- This Day (Lagos)
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Siemens Introduces New Strategy for West And Central Africa, by Martha Eshun & Maame Efua Moses
Siemens Communication Company, one of the world biggest electronic companies has introduced a new strategy of operating business in West and Central Africa. The strategy include communications, industry, building technologies, energy, transportation, medical solution, and lighting. Story available here. ...
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- Accra Mail
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GE Pins Hopes on Emerging Markets
Strategy Is Major Shift From Reliance on the West; Big Rivals Echo Approach, by Kathryn Kranhold General Electric Co. expects to get as much as 60% of its revenue growth from developing countries over the next decade, Chairman and Chief Executive Jeffrey Immelt said in the company’s annual report. After nearly four years of reshaping the company through $60 billion in acquisitions of financing, water treatment, security systems, bioscience businesses and a movi...
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- The Wall Street Journal
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Drought ends for Africa’s ’unbankable’, by Andrew England
Juma Tegu Musafiri, managing director, chairman and founder of Buge Fruits 2000, is a man with big dreams. Sitting outside his home in rural Uganda he describes his ambitious plans to expand his company by developing a domestic market for his dried fruit, accessing regional markets and eventually setting up export lines to Europe and beyond. ...
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- The Financial Times
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A wave of innovation is yielding high-quality goods that India’s poor can afford
This quest for the best for the least could amplify India’s impact on the global economy. ’Future innovations will flow from the rise of capital-scarce but labor-abundant nations like India and China,’ says Diana Farrell, director of San Francisco’s McKinsey Global Institute. Already, Indian companies are eyeing markets in Asia, the Middle East, Africa, and Latin America. It remains to be seen, of course, how many of these goods and services find their place in Europe and t...
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- BusinessWeek
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Microsoft has chosen India as the fifth destination for a low-cost version of Windows
The Redmond, Wash.-based software giant on Wednesday announced a yearlong pilot program to start shipping Windows XP Starter Edition to India in early 2005. Earlier this week, the company made a similar move in Russia, while plans for Thailand, Indonesia and Malaysia were confirmed in August, as part of the software maker’s plan to gain market share in developing nations. ...
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- CNET News.com
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Commentary: Will a snack do for India what software can’t?
Sawant is one of 40,000 Indian women who are defying poverty by working for and jointly owning Lijjat, which has a $66 million global market, including Singapore, London and New York. Run by a self-help group that shares profit among its all-female members, Lijjat is doing for India what the booming software industry can’t: provide the tools of economic improvement to those without formal education. Read f...
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- Bloomberg
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