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An Indian Farmer’s Son Is Now Worth More Than $300 Million After His Health Care Firm’s IPO
By his own admission, Arokiaswamy Velumani was born at the bottom of the pyramid. The son of a landless farmer from the nondescript village of Appanickenpatti Padur in Tamil Nadu, Velumani saw through school and college on subsidised funding from the government.
- Categories
- Health Care
- Region
- South Asia
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Serve Rural Areas or Lose License, Central Bank of Nepal Governor Tells Microfinance Institutions
Nepal Rastra Bank (NRB) Governor Chiranjibi Nepal has warned that the central bank may scrap the license of microfinance institutions who fail to reach rural areas of the country.
- Categories
- Uncategorized
- Region
- South Asia
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Tight Government Regulation, Paucity of Innovation Limiting Crowdfunding Startups in India
Crowdfunding is globally a $16-billion industry and as per estimates, in 2016 with a total investment volume of $34 billion, it is likely to overtake the amount of equity funding from venture capitalists to startups which is $30 billion.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- crowdfunding, regulations
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Report: India’s United Payments System to Make Mobile Wallets Redundant
The ongoing push by the Reserve Bank to revolutionise banking through the Unified Payments Interface (UPI) will leave mobile wallets redundant, as mobile banking has jumped over threefold in February from the year-ago period, according to a report.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Op-ed: Marching to a Different Drummer: Social Enterprise Gains Popularity in China
Researchers Huan Chen, Juelin Yin and Florian Kohlbacher from the International Business School Suzhou (IBSS) at Xi'an Jiaotong-Liverpool University (XJTLU) in Suzhou explain why and how the idea of “social enterprise” is beginning to gain some traction in China.
- Categories
- Uncategorized
- Region
- South Asia
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Michael and Susan Dell Foundation Earmarks $50 Million for Indian Startups
The Michael and Susan Dell Foundation (MSDF), one the world's biggest philanthropic organisations, and an active impact investor in India, has earmarked an additional $50 million (about Rs 333 crore) towards investments in the country over the next three years.
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- Uncategorized
- Region
- South Asia
- Tags
- philanthropy
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Panel rejects Sanofi’s waiver plea for dengue vaccine
French drug and vaccines giant Sanofi suffered a setback in introducing its much-awaited dengue vaccine Dengvaxia in India after a top health ministry committee rejected its request to waive additional clinical studies.
- Categories
- Health Care
- Region
- South Asia
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India Emerging as Fastest-Growing Market for Fintech Software Products
Powered by innovation in payment processing, the fintech software products segment is expanding at a rapid pace in India, according to the National Association of Software and Services Companies (Nasscom), which represents country's IT industry.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, remittances
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