From the category archives:
By now, most of you might have heard of these statements (from startups/VCs/media etc)
You can’t build a global technology company from India without spending a fortune [read: cash strapped startups cannot build one]
You always need funding to make it big.
Consumer Internet is just not happening in India (i.e. one cannot build a profitable Internet company from India)
Wrong! [...]
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Lok Capital LLC, a Mauritius-based venture capital fund, has invested an undisclosed sum in RuralShore Business Services Pvt Ltd, a Bangalore-based company. HDFC Ltd is a strategic investor in RuralShores holding 26% equity in the company.
Reuters has more information about the deal
Lok Capital invests in RuralShore Business Services
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Last month Jack Dorsey the creator of Twitter unveiled his new device and service to make bulky and expensive credit card swiping machines – History.
The Solution goes by the name Square and is being funded by Vinod Khosla of Khosla Ventures fame.(Editors Note – Vinod Khosla is also an investor in SKS Microfinance and Grama Vidiyal [...]
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The Indira Gandhi National Open University(known as IGNOU) is a national university with its headquarters in New Delhi, Delhi, India. Named after former Prime Minister of India, Indira Gandhi, the university was established in 1985 with a budget of INR 2000 crore, when the Parliament of India passed the Indira Gandhi National Open University Act, [...]
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Societe Generale is one of the main European financial services companies.It is also one of the oldest banks in France.
In a report released last month Societe Generale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
Download the [...]
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SUPPORT FOR COFFEE PROCESSING – By Coffee Board of India
SCHEME OF SUPPORT FOR COFFEE PROCESSING
Introduction:
In the world today, 40% of the coffee economy is in the producing countries while the remaining 60% has been captured by the consuming countries. Over the last few years they have improved the capabilities of processing, manufacturing and marketing [...]
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NAGPUR: A city-based entrepreneur claims to have developed a technology to harness wind pressure generated by a moving train and convert it into electricity. Santosh Pradhan, who has even obtained 22 national and international patents for the concept, is sure that his eco-friendly way of generating power was the answer to country’s electricity [...]
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PhokatCopy – Get Photocopies of notes and books for free – http://www.phokatcopy.com/
Phokat copy is a pro student initiative that provides free photocopies subsidized by advertising on the back page.
Shoe Dazzle – http://www.shoedazzle.com/
Users of Los Angeles-based ShoeDazzle begin by taking a fashion survey, the results of which are used to guide the company’s personalized shoe selections. [...]
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All organizations involved in innovative finance focused on development, including financial institutions, private-sector companies, social enterprises, non-governmental and civil society organizations, government agencies, universities and other academic are eligible to apply for this grant.
Note : Proposals must be submitted by November 15th 2009.
The International Marketplace on Innovative Financial Solutions for Development (2010 MIF) is being [...]
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Tata Jagriti Yatra from 24th Dec ‘09 – 11th Jan ‘10
Tata Jagriti Yatra is an annual train journey that takes hundreds of India’s highly motivated youth (with some participation of international students) between the ages of 20-25 and experienced professionals, with age above 25, on an eighteen day national odyssey, introducing them to unsung heroes [...]
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Infosys Technologies Ltd chairman and chief mentor N.R. Narayana Murthy sold one-fourth of his holding in the company, India’s second largest software services provider, to set up a venture capital fund that will support young and promising entrepreneurs.
Murthy held nearly 3.18 million shares in the firm prior to the sale of 800,000 shares on Thursday. The sale [...]
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