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Innovative and New Business Ideas from India and the Globe - Volume 1 - October 2009

Innovative and New Business Ideas from India and the Globe - Volume 1 - October 2009

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 ...

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Making a leader - By Field Marshal Sam Manekshaw

Making a leader - By Field Marshal Sam Manekshaw

Excerpts from a lecture on leadership and discipline SAM HFJ MANEKSHAW The first, the primary, indeed the cardinal attribute of leadership is professional knowledge and professional competence. Now you will agree with me that you cannot be born with professional knowledge and professional competence even if you are the child of the prime minister, or the son of an ...

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Coffee Board offers 40 % capital subsidy to Self Help Groups engaged in Coffee Processing

Coffee Board offers 40 % capital subsidy to Self Help Groups engaged in Coffee Processing

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 ...

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Gold Loans - The new financial El Dorado ?

Gold Loans - The new financial El Dorado ?

Gold loans(Loans given with  gold as collateral) in India have seen a major interest from corporates in the last one year. Many NBFC's have begun to focus on this sector. Two kerala based NBFC's Manappuram Finance and Muthoot Finance have expanded rapidly in semi-urban areas of South India and are ...

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Microfinance India - State of the sector report 2009 - Buy Online

Microfinance India - State of the sector report 2009 - Buy Online

Microfinance India: State of the Sector Report is a series of annual reports on the microfinance sector in India. The Report seeks to document developments, clarify issues, publicize studies, stimulate research, identify policy choices, generate understanding and enhance support for the sector. While the previous State of the Sector Report gave ...

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Conference on financial Inclusion and responsible microfinance 17-18 March 2010 at New Delhi.

Conference on financial Inclusion and responsible microfinance 17-18 March 2010 at New Delhi.

Sa-Dhan is hosting national microfinance conference "FINANCIAL INCLUSION AND RESPONSIBLE MICRO-FINANCE" in collaboration with Federation of Indian Chambers of Commerce and Industry (FICCI) on 17 - 18 March 2010 at New Delhi. National Microfinance Conference is a unique event to provide a common platform for the stakeholders to think collectively on ...

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The Future of Credit Card Payment is Square

The Future of Credit Card Payment is Square

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 ...

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Lok Capital invests in Rural Shores BPO

February 8, 2010
ruralshores-bpo

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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Sequoia buys 10% in Equitas for 44 Crore

February 8, 2010
sequoia

Sequoia capital which already has investments in SKS and Ujjivan has now acquired a 10% stake in Equitas for 44 crore from one Kalpathi Suresh who is the founder of SSI Education. Kalpathi Suresh had invested Rs3.5 crore to acquire the 10% stake in Equitas in 2007-08  and it did not include any management rights [...]

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The Future of Credit Card Payment is Square

January 23, 2010
Square - Easy way to recieve credit card payments

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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Narayan Murthy to invest in SKS Microfinance in pre IPO stake sale

January 23, 2010
Narayan Murthy betting Big on Microfinance ? Image credit - The Indus Entreprenuers

Infosys Technologies Ltd’s founder N.R. Narayana Murthy who has founded a Rs 600 crore venture capital fund by the name of Catamaran Investment Pvt. Ltd is likely to make its first investment in SKS Microfinance Ltd, SKS Microfinance will be the first Indian microfinance institution to hit the market with an initial public offering (IPO) [...]

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Conference on role of Venture Capital in Financial Inclusion, Feb 3-4,2010 Mumbai

January 23, 2010
venture-intelligence-logo

APEX’10 Summit to Discuss Role of Venture Capital in Financial Inclusion

The Venture Intelligence APEX ’10 Private Equity & Venture Capital Summit, scheduled for February 3-4 at Mumbai, is to feature a high power panel discussion on the role of Private Equity and Venture Capital in Financial Inclusion.

Industry speakers on the panel include:

• Padmaja Gangireddy, MD, [...]

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Boston Consulting Group to create new avatar for NABARD

January 23, 2010
nabard-restructuring-avatar

BCG to soon start consultations for Nabard’s restructuring

Management consulting firm Boston Consultancy Group (BCG) will soon start consultations with National Bank for Agriculture and Rural Development (Nabard) to prepare a roadmap for its restructuring.This is important as Nabard is in the list of 25 public sector undertakings listed by the Centre for disinvestment.

A Nabard official [...]

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Grameen Koota raises Rs 20 crore from Microvest in Non Convertible Debentures

January 23, 2010
Grameen-Koota

Grameen Financial Services Pvt Ltd (Grameen Koota) which is a Bangalore headquartered micro finance institution has raised Rs 20 crore from MicroVest I, LP (MV I), a US-based private equity fund. This deal is Microvest’s debut investment in India.

This is the second investment in Grameen Koota in the last two months.The fund is raised as [...]

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New Version of Mifos Open Source Microfinance Software released by Grameen Foundation

January 23, 2010
grameen_foundation

Latest Release of Open Source Software for Microfinance Includes Support for Spanish and Firefox 3.0 Browser and Interface for Banking Systems

Grameen Foundation has announced the latest release of Mifos, its award-winning open source software platform for microfinance.  Mifos 1.4 is the first version available in Spanish and also provides support for Firefox 3.0 and integration [...]

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Gold Loans – The new financial El Dorado ?

January 19, 2010
Gold Loans

Gold loans(Loans given with  gold as collateral) in India have seen a major interest from corporates in the last one year. Many NBFC’s have begun to focus on this sector. Two kerala based NBFC’s Manappuram Finance and Muthoot Finance have expanded rapidly in semi-urban areas of South India and are now planning for an aggressive [...]

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Sanchetna Financial Services Newsletter – January 2010

January 19, 2010
Sanchetna-Microfinance

Samridhi Agri Products begins operations

Founded by the promoters of Sanchetna Financial Services, Samridhi Agri Products began operations on the 8 of December. The company is led by Manoj Karki, who had previously worked in organizations such AMUL, Wrigley India Pvt. Ltd. and Govt. of Uttarakhand.

The company has started with selling vegetables and milk products. Despite [...]

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Gates foundation to provide credit groups with US$ 38 Million Grant (Approx Rs 175 Crore)

January 19, 2010

One of the world’s richest men has awarded $38m to credit groups designed to provide better ways for 11m of the world’s poorest people to save.

The Bill & Melinda Gates Foundation, established by the co-founder of Microsoft, is funding efforts to encourage developing world lenders to establish a range of savings products.

The grants, to 18 [...]

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Aavishkar Goodwell acquires significant minority stake in Shre Pathrakali Finance

January 19, 2010

Aavishkaar Goodwell (“AG”), a specialized equity fund dedicated to supporting Indian MFIs, has recently concluded its equity investment in Shre Pathrakali Finance for a significant minority stake.

Shre Pathrakali Finance Co. Pvt Ltd (SPFCL) is a greenfield MFI operating under the brand name of “Utkarsh” that has commenced its micro-credit operations in September 2009 in Varanasi [...]

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