The term Bottom of the Pyramid is one that has garnered significant attention in recent years. C.K. Pralahad championed the term in his book, The Fortune at the Bottom of the Pyramid, and numerous other publications have taken hold of it. The term aims to classify the poorest segment of the world population — those 4 [...]
A champion of social business and a pioneer in the field of social entrepreneurship, Muhammad Yunus, has been building successful ventures in India’s neighbor, Bangladesh, for decades. Yunus has looked globally, set up three international joint ventures, and is now looking next door to India. He first collaborated with IIM-Ahmedabad’s Centre for Innovation Incubation and [...]
In what could be a significant boost to the Rural BPO industry in the Indian state of Tamil Nadu, Cisco Systems is partnering with the Small Industries Development Bank of India (SIDBI) and Tiruchirappalli Regional Engineering College – Science and Technology Entrepreneurs Park (TREC-STEP) to nurture and support ICT entrepreneurs in the country [via Economic [...]
Today, October 15th, is Blog Action Day, and as Aishwarya mentioned before, the theme this year happens to be “poverty” – a topic that TC-I touches on in all of its posts and through the belief that social innovation and social enterprises can contribute to alleviating poverty. TC-I is rife with examples of how social enterprises [...]
Rs. 800 to a 1000 crore, that’s how much the Tata Group, one of the oldest and largest business houses in India spends annually on Corporate Social Responsibility [Via Economic Times] The Tata Trusts control 65.8 per cent of the shares of Tata Sons, the holding company of the Group. The combined development-related expenditure of [...]
Indians have a much higher pre-disposition for heart disease, and are genetically three times more vulnerable to a heart attack as compared to people living in many Western nations. While cardiovascular medicine has made great strides in the last few decades, heart surgery continues to be a costly affair for most of the poor in [...]
[Source Article] The Economic Times calls it “Nano effect!”. The article discusses how Indian companies are undertaking innovations – in processes as well as products – to create cheaper, better adn more eco-friendly products. One of the products mentioned is the Rs 2500 refrigerator for Dharavi slum dwellers. A couple of more inventions are mentioned [...]
An article in The Economic Times blames India’s water woes on human activity, as detailed in a report released by the Associated Chambers of Commerce and Industry (Assocham). The secretary-general of Assocham, D S Rawat, said: India’s water crisis is predominantly a manmade problem. Extremely poor management, unclear laws, government corruption, and industrial and human [...]
The Economic Times reports that SKS is planning to infuse Rs. 130 crores additional equity into the company to support its aggressive expansion plans [via Microcapital]. Here is the quote from the story: “Our investors will infuse Rs 130 crore later this year on a pro-rata basis. We may plan to induct a new investor [...]
The Economic Times reports that a new Government of India regulation would imply that Indian companies report the finer details of their CSR spending in financial statements filed with the Ministry of Corporate Affairs. Its an interesting move by the Government of India, especially given the recent focus on the ‘Inclusive Growth’ agenda: To facilitate [...]
