Non-banking financial companies (NBFCs) are institutions that lend money and make investments, just like a bank. These entities differ from banks in the sense that they cannot issue cheques or accept demand deposits. NBFCs form a crucial part of the country’s financial landscape. These companies offer a number of money-related…
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Meesho aims to grow merchant base 10 times to 1.1 crore by 2027
With the government relaxing GST rules for online sellers, Softbank-backed Meesho aims to add 1 crore merchants on its platform by 2027, a top official of the company said on Tuesday. Meesho is the first e-commerce company in India to turn profitable at the group level (consolidated profit) and…
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Aditya Birla Finance launches Udyog Plus for MSMEs, offers paperless loans of up to Rs 10 lakh loan
Aditya Birla Finance Ltd. (ABFL) has launched Udyog Plus – a B2B digital platform that offers a wide range of financial solutions, including financing, protection, investments, advisory and value-added services for the MSME sector of Delhi and National Capital Region (NCR). Through Udyog Plus, ABFL aims to facilitate the growth…
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Edtech sector sees signs of recovery in Q2 after 48% plunge in funding this year
The Indian edtech sector displayed signs of recovery even though it saw a 48 per cent slump in funding so far in 2023 compared to the previous year, according to a report by Traxcon, a global market intelligence firm. The latest report provides a valuable insight into India’s Edtech sector,…
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Hindustan Media Ventures picks 3.54% stake in Zappfresh for Rs 11.99 crore
Hindustan Media Ventures Ltd on Tuesday said it will acquire a 3.54 per cent stake for Rs 11.99 crore in DSM Fresh Foods, which operates direct-to-consumer online meat delivery brand Zappfresh. The company entered into an agreement on November 20, 2023, for making an investment of Rs 11.99 crore by…