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Uday Kotak from India Named EY Entrepreneur of the Year

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Uday Kotak from India Named EY Entrepreneur of the Year

Uday Kotak, the founder and managing director of Kotak Mahindra Bank (KMB), was named EY World Entrepreneur Of The Year 2014 at an awards ceremony held Friday in Monaco’s Salle des Etoiles. Uday was picked from among the 60 country finalists vying for the title from 51 countries, each of whom has already been named [...]

Starbucks Investments to Develop Future Leaders in China

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Starbucks Investments to Develop Future Leaders in China

Howard Schultz, chairman, president and chief executive officer of Starbucks Coffee Company (NASDAQ: SBUX) has reaffirmed Starbucks commitment to leverage the company’s combination of its employees and store footprint to deliver long-term growth through the lens of humanity. Speaking at Beijing’s iconic Great Hall of the People, founder of the Starbucks Foundation, Howard Schultz, announced [...]

Bank of Punjab in Pakistan Introduces Social Security Program

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Bank of Punjab in Pakistan Introduces Social Security Program

Financial inclusion in Pakistan got a boost Tuesday with the announcement that MasterCard and the Bank of Punjab have launched a Social Security Program to automate and streamline government disbursement, subsidy and assistance programs. This initiative is aimed at driving financial inclusion specifically in Punjab – said to be the largest province in Pakistan. Under [...]

Crowdfunding Platform Launches 100 Mamas Fund

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Crowdfunding Platform Launches 100 Mamas Fund

This Mother’s Day, Kangu.org – a philanthropic platform that enables donors to crowdfund life-saving medical services for pregnant women and newborn babies – is launching its 100 Mamas Fund. At Kangu.org, donors can contribute to the cost of critical medical services for 100 Mamas in Uganda and Nepal, on behalf of a special mom in [...]

Kathy N. Waller Elected as CFO for Coca-Cola

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Kathy N. Waller Elected as CFO for Coca-Cola

The Board of Directors of The Coca-Cola Company elected Thursday Kathy N. Waller as executive VP and Chief Financial Officer (CFO), effective immediately. As announced in February, Waller, 55, is replacing Gary Fayard who is retiring after 20 years with the Company. Waller most recently served as VP, Finance and Controller. She joined the Company [...]

FedEx Awards ‘Fat Toad Farm’ Small Business Grant

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FedEx Awards ‘Fat Toad Farm’ Small Business Grant

Fat Toad Farm, a small business specializing in hand-crafted goat’s milk caramel sauces, has been announced the winner of the second annual FedEx Small Business Grant Contest. Fat Toad Farm, which is based in Brookfield, Vermont, will receive a $25,000 grant to put toward its business and growth plan. FedEx made this announcement Tuesday, March [...]

Dermalog Wins Contract for Nigerian Bank Project

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Dermalog Wins Contract for Nigerian Bank Project

Dermalog Identification Systems from Germany is installing a nationwide system in Nigeria to identify all bank customers by fingerprint. The first phase is operational now. On Valentine’s Day, the pilot phase of the biometric project was launched in Lagos. Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria, launched the biometric identification system for [...]

President Obama’s Push for Shale Gas Projects

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President Obama’s Push for Shale Gas Projects

The American Chemistry Council (ACC) says that potential U.S. chemical industry investment linked to plentiful and affordable natural gas and natural gas liquids from shale formations has topped $100 billion. As of this month (February), 148 projects valued at $100.2 billion have been announced. These projects – new factories, expansions and process changes to increase [...]

Corruption Case Against India’s Richest Man

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Corruption Case Against India’s Richest Man

The Delhi Government under a new political party – Aam Aadmi Party (AAP) – today directed the Anti-Corruption Branch of the state government to register a report against the chairperson of Reliance Industries Limited (RIL), Mukesh Ambani, along with others. Ambani – who is the elder son of businessman Dhirubhai Ambani – is said to [...]

Will You Use Alternative Currency Like Bitcoin?

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Will You Use Alternative Currency Like Bitcoin?

As buzz about Bitcoin, a five-year-old cryptocurrency, continues to build, the question is often asked – will consumers embrace this alternative currency? A new nationwide survey conducted for TheStreet (NASDAQ: TST) by GfK answers that question with a resounding “no,” showing that consumers do not understand Bitcoin and have little interest in owning it. “While [...]

Axis Bank to Set up a Branch in China

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Axis Bank to Set up a Branch in China

Axis Bank, claimed to be India’s third largest private sector bank, as a part of adding value to the banking service in China, today announced the opening of its Shanghai branch. Subsequent to the bank receiving permission to start banking operations from Chinese Regulator – China Banking Regulatory Commission (CBRC) – in September 2013, it [...]

JPMorgan Chase Names Kristin Lemkau as CMO

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JPMorgan Chase Names Kristin Lemkau as CMO

Global financial services firm JPMorgan Chase announced Tuesday that Kristin Lemkau will become Chief Marketing Officer (CMO) for JPMorgan Chase. She will continue to report to Gordon Smith, CEO of Consumer & Community Banking. She will continue with her current responsibilities as Chief Communications Officer for Chase. In this role, Ms. Lemkau will oversee brand [...]

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