Raghuram Rajan to the Indian Reserve Bank as Economy Struggles

Aneesh Srivastava, chief investment officer at IDBI Federal Life Insurance, says “For a long-term impact we need to increase the attractiveness of India as an investment destination.”  In the meanwhile,  policy makers’ moves since July to tighten cash supply, restrict currency derivatives and curb gold imports have failed to arrest the rupee’s slump to record lows as they struggle to attract capital to fund a record current account deficit. The rupee has weakened 28 percent in the past two years, the biggest tumble since the government pledged gold reserves in exchange for loans from the IMF in 1991.  India Seeks to Buoy Rupee

Rupee

 

Mera, Spain’s Richest Woman, Dies at 69

“I don’t think they were thinking of making history, just that it was a nice name,” Echevarria said. “But apparently there was a bar that was called the same, Zorba, like two blocks away, and the owner of the bar came and said, ‘This is going to confuse things to have two Zorbas.’ They had already made the molds for the letters in the sign, so they just rearranged them to see what they could find. They found Zara.”

And what a good find it was. Short, sweet, rolls off the tongue. Just like Sara, but less common, more pizazzzzz. And nothing like some British royalty to up the ante. The birth in 1981 of Zara Phillips, a granddaughter of Queen Elizabeth II, probably wasn’t bad for sales. Nor is Kate Middleton’s flair for weaing the fashionable yet affordable brand.  Mera of Zara Dies

Mera of Zara

For Entrepreneurs, Timing is Crucial: An African Superhighway Creates Money

For many years the road network connecting Nairobi and Thika,an industrial town about 40km north-east of the Kenyan capital was known for notorious traffic snarl ups. Businesses avoided that part of town and land prices stagnated. Despite this, one man held onto his property along the route. Gerald Taylor, managing director of Willmary Development, says his family kept the land his grandfather bought in Kenya in the 1930s because it didn’t make sense to sell.  His gut instinct proved correct.  For Entrepreneurs, Timing Is Crucial

Thika Highway- Road to Riches?

Leaving A Media Job in the UK to Start a Successful Baking Goods Company in Kenya

Although doing business on the continent is challenging, Sarah Russell said that starting a business in Africa “is worth a shot. This really is a land of opportunity in terms of business. If you can find something unique and something that is missing from the market and you are willing to put in the hard work, then go for it,” said Russell.  Africa the New Frontier

Bella Luna Kitchen

China is Making Business Easier for International Small Businesses

Research studies usually identify three key success factors behind the internationalization of small firms: effective networking, management motivation and low psychological distance. In my experience, spanning some 20 years, with China’s smaller business contingent, it is the latter of these three that represents the greatest obstacle to international success.  Small Firms Should Think Global

Small Think Global