11 Updates

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

Source: IANS

 
Update
11

18 hours ago

Sri Lankan asylum seekers are economic migrants - Australian Minister

Jul 29 2014 1:21am CDT | Source: Sri Lanka Ministry of Defense

Australia's Minister for Immigration and Border Protection Scott Morrison says the 157 Sri Lankan Tamil asylum seekers are economic migrants seeking to illegally enter Australia since they ...
Source: Sri Lanka Ministry of Defense   Full article at: Sri Lanka Ministry of Defense
 

 
Update
10

1 day ago

Improving EU-India science, technology and innovation cooperation

Jul 28 2014 7:00pm CDT | Source: European Commission

Researchers and innovators from Europe and India have teamed up to enhance cooperation and tackle innovation challenges through two FP7-funded projects, INNO INDIGO and INDIGO POLICY. The projects, which both began in November 2013, both aim to develop transnational and bilateral EU-India science, technology and innovation (STI) cooperation. They will ...
Source: European Commission   Full article at: European Commission
 

 
Update
9

1 day ago

GOP Lawmaker Apologizes For Mistaking U.S. Officials As Visitors From India

Jul 28 2014 4:52pm CDT | Source: Politics - The Huffington Post

WASHINGTON (AP) — A freshman Republican lawmaker has apologized for mistaking two senior U.S. government officials as visitors from India when they testified at a congressional hearing. Rep. Curt Clawson caused puzzlement at a hearing of a House subcommittee hearing Thursday on U.S.-India relations. He referred to the South Asian nation as "your country" when he addressed the State Department and Commerce Department officials, both ethnic Indian. ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

1 day ago

Lawmaker sorry he mistook US officials as Indian

Jul 28 2014 4:51pm CDT | Source: Townhall's

WASHINGTON (AP) — A freshman Republican lawmaker has apologized for mistaking two senior U.S. government officials as visitors from Ind ...
Source: Townhall's   Full article at: Townhall's
 

 
Update
7

1 day ago

Reconciling South Asia's Hindus and Muslims

Jul 28 2014 10:03am CDT | Source: Politics - The Huffington Post

A new government has taken office in India a couple of months ago, a government that was voted in to majority on the backs of a coalescence of Hindu support, the first ever instance in the country's history. The prime minister has the reputation of being right-wing, which in India means, in part, being unfavorable to the country's Muslim minority but has promised to treat all communities equally. Even so, there have been a string of anti-Muslim incidents and comments from people alli ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
5

1 day ago

No deaths of Indian fishermen in Sri Lankan waters since 2011 - Indian Defence Minister

Jul 27 2014 11:07pm CDT | Source: Sri Lanka Ministry of Defense

No cases of deaths of Indian fishermen in Sri Lankan waters have been reported since April 2011, the Defense Minister of India Arun Jaitley said Friday ...
Source: Sri Lanka Ministry of Defense   Full article at: Sri Lanka Ministry of Defense
 

 
Update
4

6 days ago

Can India Achieve Financial Inclusion within the Next Few Years?

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

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 transacti ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

1 week ago

What Prof. Piketty Missed

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

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 ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

1 week 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

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 Weste ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

1 week ago

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

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

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, which is why the gathering ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
 

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