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Mysterious India-born investor earns big from Twitter: reports

Nov 8 2013, 8:08am CST | by IANS

New York, Nov 8 (IANS) A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.

New York, Nov 8 — A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock...

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37 weeks ago

Mysterious India-born investor earns big from Twitter: reports

Nov 8 2013, 8:08am CST | by IANS

New York, Nov 8 (IANS) A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.

New York, Nov 8 — A mysterious India-born investor is said to be among the big winners from Twitter's initial public offering as its stock zoomed to $31.7 billion after its first day on the stock market, according to media reports.

Suhail R. Rizvi, 47, runs a private investment company that is the largest outside investor in Twitter, with a 15.6 percent stake worth $3.8 billion at the end of trading Thursday, the New York Times reported.

"Using a web of connections in the tech industry and in finance, as well as a hearty dose of good timing, he brought many prominent names in at the ground floor, including the Saudi prince and some of JPMorgan's wealthiest clients," the influential daily said.

"Rizvi's rise illustrates how a new tech investor class with deep Wall Street connections is carving new paths into the unfamiliar and insular terrain of Silicon Valley," it said.

"His money and connections have also led to slices of several other hot start-ups: Flipboard, the social news app; Pinterest, an online pinboard; Square, Jack Dorsey's payments service; and Twitter, Dorsey's other company," the Times said.

Rizvi was born in India and raised in Iowa Falls, Iowa, and although he is known as a quiet man, he has built a powerful and diverse group of friends from his perch in Greenwich, Connecticut, according to the Times.

Those in his circle include Richard Branson, founder of the Virgin Group, and Salar Kamangar, chief executive of YouTube. And Rizvi has been seen partying atop Eric Schmidt's yacht, the Oasis, at Cannes, it said.

According to a Forbes profile, Rizvi has served as a member of the US business magazine's Board of Directors since April 2003.

Since 2004, Rizvi has served as founder, Chairman and Chief Investment Officer of Rizvi-Traverse Management LLC and other related funds.

Rizvi has over 20 years of private equity investing experience for his own account and as a fiduciary for institutional investors through various entities or funds as founder, principal or manager, it said.

Rizvi received his BS degree in Economics from the Wharton School of the University of Pennsylvania and sits on the Wharton Undergraduate Executive Board.

IANS

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1 day ago

Can India Achieve Financial Inclusion within the Next Few Years?

Jul 23 2014 12:39pm CDT | Source: Politics - The Huffington Post

INDIA-POLITICS-BJP
The new Government of India has made financial inclusion one of the corner stones in its modernization aspirations for the country. In his first budget speech earlier this month, Finance Minister Arun Jaitley set the target of a financial account for each woman and each man in every Indian household by August 2015. This ambitious target is a recognition of how important access to basic financial transaction services -- and ultimately to better savings, credit and insurance options -- are for fu ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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2 days ago

What Prof. Piketty Missed

Jul 22 2014 1:58pm CDT | Source: Politics - The Huffington Post

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Prof. Thomas Piketty's book, Capital for the Twenty-First Century, certainly has stirred up plenty of debate and political posturing. Progressives have seized on his careful examination of widening income inequalities to advance an agenda of higher taxes and more income redistribution. Conservatives have criticized his data, his analysis, and, where they acknowledge an income gap, have questioned whether his solutions would help. In all this whirl of words and argument, it is ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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4 days ago

U.S.-Africa Leaders' Summit: Let's Ensure it's on the Positive Side of History

Jul 20 2014 7:52pm CDT | Source: Politics - The Huffington Post

South Africa v Scotland
If you are an Africa-hand, activist or development partner, you are either directly or indirectly involved with the upcoming Washington, D.C. August 4-6, 2014, U.S.-Africa Leaders' Summit. Fundamentally, the event is incredibly historic as it will be the first time that a sitting U.S. president has invited all the leaders of the Africa Region to a single event (with the exceptions of Zimbabwe, Central Africa Republic, Eritrea, and Wester ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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Future of WTO Negotiations Hangs in the Balance at G20 Trade Ministers' Meeting

Jul 19 2014 9:22am CDT | Source: Politics - The Huffington Post

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On July 19, Trade Ministers from the G20 group of countries -- including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, the Russian Federation, Saudi Arabia, South Africa, Turkey, United Kingdom, the United States and the European Union (EU) -- will convene for their annual meeting in Sydney, Australia. Decisions taken at the G20 are not binding on members, w ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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6 days ago

New BRICS Bank a Building Block of Alternative World Order

Jul 18 2014 2:12pm CDT | Source: Politics - The Huffington Post

Portrait Session With Author Parag Khanna
The past several years have been rocky for the BRICS economies -- Brazil, Russia, India, China and South Africa. Brazil's growth forecast was slashed considerably as the commodities super-cycle slowed, Russia's political misadventures dragged down its reserves, India's currency took a major beating as its debt levels climbed above the market's appetite, and South Africa has been wracked ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
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1 week ago

Al-Qaeda Plans Final Jihad for India

Jul 17 2014 8:17am CDT | Source: Big Government

Pakistani policemen escort suspected Tal
Via the Daily Mail: Al-Qaeda is at the gates, and there are enough jihadis within already. Intelligence agencies say the terror network is making inroads into India, sowing the seeds of a "final war" across the country. Information gathered on al-Qaeda's India plans points to a mobilisation of its resources for jihad.  The ideological goal of the group, as detailed in the report, is chilling: Gha ...
Source: Big Government   Full article at: Big Government
 

 
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1 week ago

[Ticker] Brics nations launch new development bank

Jul 16 2014 1:52am CDT | Source: EUobserver.com

2014 Summer TCA Tour - Day 2
Brazil, Russia, India, China and South Africa - dubbed Brics nations - on Tuesday signed a deal to launch a new $100 billion development bank and emergency reserve fund, reports the BBC. With headquarters in Shanghai, the new bank is seen as a challenge to the western-dominated Wo ...
Source: EUobserver.com   Full article at: EUobserver.com
 

 
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2 weeks ago

Indian prime minister to meet Obama in September

Jul 11 2014 5:55am CDT | Source: Townhall's

On Location For "Person Of Interest" - March 26, 2012
NEW DELHI (AP) — India's Prime Minister Narendra Modi will meet President Barack Obama in Washington in September ...
Source: Townhall's   Full article at: Townhall's
 

 
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2 weeks ago

Monsanto's Herbicide Linked to Fatal Kidney Disease Epidemic: Could It Topple Monsanto?

Jul 10 2014 8:18am CDT | Source: Truthout Stories

(Photo courtesy of Vivien Feyer) For years, scientists have been trying to unravel the mystery of a chronic kidney disease epidemic that has hit Central America, India and Sri Lanka. The disease occurs in poor peasant farmers who do hard physical work in hot climes. In each instance, the farmers have been exposed to herbicides and to heavy metals. The disease is known as CKDu, for Chronic Kidney Disease of unknown etiology. The ...
Source: Truthout Stories   Full article at: Truthout Stories
 

 
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2 weeks ago

Monsanto's Herbicide Linked to Fatal Kidney Disease Epidemic: Could It Topple Monsanto?

Jul 10 2014 8:18am CDT | Source: Truthout Stories

(Photo courtesy of Vivien Feyer) For years, scientists have been trying to unravel the mystery of a chronic kidney disease epidemic that has hit Central America, India and Sri Lanka. The disease occurs in poor peasant farmers who do hard physical work in hot climes. In each instance, the farmers have been exposed to herbicides and to heavy metals. The disease is known as CKDu, for Chronic Kidney Disease of unknown etiology. The "u" differentiates this illness from other chronic ki ...
Source: Truthout Stories   Full article at: Truthout Stories
 

 
 

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