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Uber sees India development centers driving global innovations
“India is one of our key development centers and we have a strong commitment here. We have lots of innovation coming out of here (India) for the Indian market but also for the entire world, the most prominent one being cash. Cash is used (to pay for rides) in many countries now,” Uber global head of product Daniel Graf said.
- Region
- South Asia
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India’s health ministry moves to limit antibiotics in meat
The ministry's decision follows studies indicating that India's antimicrobial resistance problem is expected to worsen due to overuse of antibiotics in animals reared for consumption.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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Viewpoint: Impact funds not scaling fast enough in India
There isn’t any doubt that impact investors such as Aavishkaar have made tremendous progress over the past decade since venture capital as an asset class returned in earnest to this market. Over the last seven years, 2010-2016, impact investors have put $5.2 billion to work across 485 deals, according to a McKinsey & Co. report in September. It wasn’t until 2010 that impact investments in India started to gather momentum and the last two years have been quite exceptional. Investments touched the billion-dollar mark for the first time in 2015 and scaled to nearly $1.1 billion last year.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
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Press release: MetLife Foundation & Verb Launch Competition To Accelerate Financial Innovation In Bangladesh
The Bangladesh competition will attract participants that have innovative ideas or solutions to empower the over 75 million Bangladeshis that manage their day-to-day financial lives without a bank account. MetLife associates will serve as mentors and judges for the competition, contributing hundreds of volunteer hours.
- Categories
- Uncategorized
- Region
- South Asia
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Aavishkaar raises $95 million in first close of largest impact investment fund
The firm intends to raise $200 million for the fund, which will make it the largest impact investment fund raised by a homegrown asset manager. Aavishkaar expects to achieve the final close of the fund in the next 12-18 months, said Rai.
- Categories
- Investing
- Region
- South Asia
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A social entrepreneur at 15 and ardent campaigner for universal education
A campaigner for providing equal opportunities for her counterparts to learn, build a career and live a life with basic necessities, Nikhiya believes that the national recognition would help her reach out to a wider audience.
- Categories
- Education
- Region
- South Asia
- Tags
- NGOs
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Can poo power solve India’s toilet problem?
India is in the midst of a toilet-building frenzy, the government has set aside $20bn for the health initiative and aims to stop people having to defecate in the open by 2019.
- Categories
- Environment, Health Care
- Region
- South Asia
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Reserve Bank of India Says ‘No’ to Islamic Banking
Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. The issue of introduction of the interest-free banking in India was examined by RBI and the government of India, the central bank added.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- Islamic finance
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