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Shell Foundation May Invest $75 Million in Clean Energy in India Over Next 5 Years
Shell Foundation, an independent charity set up by Anglo-Dutch energy group Shell, plans to allocate about half of its $150 million deployable funds in India's clean energy sector over the next five years, a top official said. The foundation may not invest the funds directly into projects but in for-profit companies or financial institutes, which will in turn invest in solutions to make cheap energy options accessible in rural and urban poor areas. "We want to take a marketbased approach where we can fund or forward grants to companies who are directly or indirectly providing the bottom of the pyramid with access to energy," said Pradeep Pursnani, deputy director-chief operating officer at Shell Foundation.
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- Energy
- Region
- South Asia
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Jeff Bezos-Backed Startup Remitly Now Offers Money Transfers to India
Remitly wants to make it easier and cheaper for people to transfer money to family and friends in India.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Obama’s Visit, New Partnership Could Boost Mobile Money in India
The focus of the media attention during the president's visit was the historic invitation to be the honored guest at India's Republic Day -- a first for the U.S. and a signal of the close and evolving relationship between the two countries. However, what got little notice was something the president left behind, something that will likely contribute to the biggest transformation for the poor in India.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Greenlight Planet Receives Funding of $10 Million
Solar energy product company Greenlight Planet has raised $10 million (Rs in funding led by Fidelity Growth Partners India to support its distribution expansion efforts in India and Southeast Asia.
- Categories
- Energy
- Region
- South Asia
- Tags
- impact investing, solar
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Mylan to Buy Women’s Health Business in India for $800M
Mylan Inc. said Monday that it is acquiring some women's health care businesses from an Indian partner in a deal that could be worth more than $800 million and help it capitalize on demand for contraceptives in developing countries.
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- Health Care
- Region
- South Asia
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India’s Jan Dhan Yojana has helped poor, but financial inclusion still far off
According to a World Bank survey in 2012, only 35% of adults in India had access to a formal bank account and only 8% borrowed from institutional and formal sources
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- Uncategorized
- Region
- South Asia
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Vodafone says policy shortcomings, lack of awareness derailing mobile money growth in India
Vodafone India has said that regulatory hurdles and lack of financial inclusion awareness is limiting the growth of mobile money, at a time when the government is pushing for greater financial inclusion.
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- Uncategorized
- Region
- South Asia
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Pfizer, Manipal Hospitals & others join hands to accelerate health tech startups in India
A group of health care entities, including Manipal Hospitals and Narayana Health, have gotten together with an investor to provide up to $1.6 million in grants and investments to early-stage startups that seek to enhance access to affordable technology-driven health care products and services for low-income masses in India.
- Categories
- Health Care
- Region
- South Asia
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