FlexiLoans.com acquires CreditPeriod.com

Chennai: Digital lending platform FelxiLoans.com has acquired Mumbai-based supply chain financing platform, CreditPeriod.com for an undisclosed sum to strengthen its supply chain financing vertical. CreditPeriod.com enables SME buyers to procure goods / services on credit while ensuring the selle…


Why Indian start-ups are ready for a reboot in FY18

Even as the Indian startup ecosystem has seen declining investments, layoffs and shutdowns since last few months, the next fiscal will see fundamental changes and emergence of leaner ventures, says a white paper by Noida-based VC firm advantEdge Partners. “The conditions are ripe for a reboot of …

RBI may revamp agriculture & MSE lending to spur employment

सस्ते हो सकते हैं होम और कार लोन, RBI आज पेश करेगा मॉनिटरी पॉलिसी

गिरती क्रेडिट ग्रोथ और बढ़े डिपॉजिट को देखते हुए देश के प्रमुख बैंक होम, कार और पर्सनल लोन जैसे रिटेल लोन उम्मीद से ज्यादा सस्ते कर सकते हैं। उन्हें आज पेश होने वाली आरबीआई की मॉनिटरी पॉलिसी का इंतजार है। अगर आरबीआई रेपो रेट में कटौती करता है, तो बैंक डिमांड बढ़ाने के लिए रिटेल […]

Zone Start-ups India

Zone Startups to launch programmes in digital inclusion & IoT by 2017

Start-up accelerator Zone Start-ups India will launch two new accelerator programmes in digital inclusion, smart cities and Internet of Things space (IoT), early next year. “We are going to launch two accelerator programmes in digital inclusion and smart cities and internet of things areas …


Microfinance firm Suryoday to turn into small bank by Jan

Navi Mumbai-headquartered Microfinance Institution (MFI) Suryoday is set to convert itself into a small finance bank by the end of this month or early next month. The company has been able to migrate its MFI operations to a banking platform using a cloud-based core banking platform provided by FI…


Utkarsh to start small bank in January

Utkarsh, a Varanasi-based micro-finance institution which had received an in-principle licence from Reserve Bank of India (RBI) last year to start a small finance bank, is planning to start operations in the second week of 2017, Govind Singh, Managing Director and Chief Executive Officer of the m…

Karnataka's new Information Technology Minister, Priyank Kharge

Rs 10 cr disbursed to boost startups: Karnataka IT Minister

The Karnataka Startup Cell has witnessed nearly 1,400 registrations in the last two months and close to Rs eight to Rs ten crore has been disbursed under the “Innovate Karnataka” initiative to provide assistance to startups, state IT Minister Priyank Kharge said. “The actual tak…