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Indian Microfinance Company Equitas Finance Plans IPO, Looks to Raise Up to Rs 1,500 Crore
Chennai-based microfinance company Equitas Finance is said to be planning an initial public offering (IPO) that could mean substantial returns for exiting private equity and venture capital funds. The company that's 98% owned by a dozen private equity and venture capital funds is looking at raising around Rs 1,200-1,500 crore by selling a stake of up to 25%, said three people involved with the plan.
- Categories
- Investing
- Region
- South Asia
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Here’s Why Facebook’s Internet.org Is Crumbling in India
A group of Internet companies have withdrawn support from Internet.org, the buzzy Facebook-backed service that aims to bring people in developing countries online, following a backlash in India over net neutrality.
- Categories
- Technology
- Region
- South Asia
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Clean Cookstoves Could Change the Lives of Millions in Nepal
When 26-year-old Laxmi married into the Archaya household in Chhaimale village, Pharping, south of Nepal’s capital Kathmandu, she didn’t think she would be spending half the day in the kitchen inhaling smoke from the stove.
- Categories
- Environment, Health Care
- Region
- South Asia
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Policy Gridlock, Red Tape Still Hindering Investments in India: Standard & Poor’s
Flagging off “developing challenges” from the ground, global rating agency Standard and Poor’s on Thursday said a policy logjam and “red tape” have hindered investments in India.
- Categories
- Uncategorized
- Region
- South Asia
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Village Women Run Safe Water Franchises in Arsenic-Hit India, Bangladesh
Rural housewives in countries such as India and Bangladesh, where ground water has high levels of arsenic, are being encouraged to set up businesses to sell safe water to save lives in their communities and earn some income.
- Categories
- Agriculture
- Region
- South Asia
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Press Release: First Ever in India: MoneyOnMobile Enables Mobile Money Order via SMS
MoneyOnMobile (MOM), India's leading mobile payment solutions provider, has announced the introduction of one of its kind instant 'Mobile Money Order' service via SMS. This is the first time inIndia that "mobile money order via SMS" has been offered. MoneyOnMobile had earlier announced the launch of its app-based domestic Mobile Money Order service for customers in January 2015.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Canada, India Fund 5 Innovations to Improve Health in India, With Focus on Mothers and Children
Grand Challenges Canada, funded by the Government of Canada, and the Grand Challenges India initiative of the Department of Biotechnology, Government of India, today announced an investment of $2.5 million (CAD) in five health innovations in India. Many of these novel projects aim to improve maternal, newborn and child health (known as 'MNCH'), which is Canada's flagship development priority, and a tremendous challenge for the Government of India.
- Categories
- Health Care
- Region
- South Asia
- Tags
- impact investing
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China Is Fertile Ground for Growing Internet Finance
The recent establishment of private Internet banks has ushered the banking industry into an era where banks need no brick-and-mortar offices. Technologies like big data make this possible, yet there is disagreement over how much potential Internet finance has.
- Categories
- Technology
- Region
- South Asia
- Tags
- regulations
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