0029 IST, Thursday, July 24, 2014 
Business/Industry
Indian women to fuel $3 billion e-shopping by 2016By Samidha Sharma & Boby Kurian/ The Times of India
Indian women fuelled online shopping worth over half a billion dollars last year with the figure expected to gallop five-fold to $3 billion in the next three years.
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Global MFI investors shift focus from Asia to AfricaBy Namrata Acharya/ The Business Standard
As Africa treads on a growth path, international funding agencies are sensing new growth vistas in the mounting demand for microfinance in the region. With the institutions realigning their fund allocations, South Asia, the traditional microfinance hub, is facing challenge from Africa for the first time. |
India grants Niger $60 mn in one quarterBy Biswajit Choudhury
As India seeks to boost its engagement with West Africa, it is a measure of Niger's importance that the landlocked uranium and oil-rich country of 17 million - with which bilateral trade amounts to a little over $100 million - has been granted two lines of credit (LoCs) of nearly $60 million in one quarter. |
Telcos to share infrastructure in Africa, Middle East
Seven mobile operator groups, serving 506 million customers across Africa and the Middle East, plan to share their network infrastructure to provide Internet and mobile broadband access to unserved rural communities, a statement by telecom body GSM Association (GSMA) said here Tuesday. |
India Inc snaps up $29.3 billion overseas assets in 2013-14
Outward foreign direct investment from the country, which was on slippery road during the past two fiscals, has seen some signs of recovery in the current fiscal with the total deal value touching $29.3 billion so far, says a report. |
Bombardier sees big demand as India looks at air connectivityBy Mohammed Shafeeq
As India is mulling developing non-metro airports and improving regional connectivity, Canadian aircraft maker Bombardier believes its products are a natural fit for the country. |
Exim Bank signs $25 mn LoC for Niger drinking water scheme
The Exim Bank of India Friday signed a Line of Credit (LoC) agreement for $25 million to Niger for financing a drinking water system in the rural areas of the West African nation. |
African countries seek investments from India, list priority areasBy Rohit Vaid
Several African countries have invited Indian investments in the agro-processing sectors of their economies, citing tremendous opportunities in value addition and exports of raw commodities. |
Indian govt plans billion-dollar fund to seed local tech firmsBy THOMAS K THOMAS/ Business Line
If the Government has its way, the next Apple or Ericsson could be from India. In a bid to encourage local technology in the manufacture of telecom equipment and devices, the National Manufacturing Competitiveness Council (NMCC) has floated a plan to set up a venture capital fund with a billion-dollar war chest. |
India Inc. to use third country funds for Africa growth
India Inc. Monday said it can help build infrastructure and expand growth in Africa by using cheap funds from third countries like Japan and Singapore. |
India has been one of the fastest growing free-market democracies in the world even in the wake of one of the worst economic crises in six decades. Its $1.2 trillion economy is expected to have grown 6-7 percent during the fiscal year ended March 31, 2009. This growth has come on the back of nearly 9 percent expansion over the past four years. 
