Wed, Feb 22, 2017 | updated 02:22 PM IST

My Trade Box join hands with Lending Kart to provide SMEs with loans

Updated: Oct 25, 2016 18:55 IST

New Delhi [India], Oct 25 (ANI): India's first 'Assisted Bulk Buying' hybrid e-commerce start-up My Trade Box will assist SMEs to connect directly to the retailers through their association with fintech startup LendingKart, with a common aim to provide more loan access to more small and medium enterprises.

Both the firms will have a dedicated trade link on their websites to promote their association in their respective ways to reach out to the potential SME's.

Small and medium enterprises have been a backbone of Indian economy. In present MSMEs employs over 13.2 million people and account for 30 percent of India's GDP.

It also accounts for 40 percent of Gross Industrial Value and 50 percent of manufacturing exports. The sector has seen a new development after many programs have been launched by PM Narendra Modi like Start-Up Stand-Up India, Digital India, Mudra Yojna and Market Development Assistance Scheme etc.

Also, Union Minister for MSME, Kalraj Mishra launched "Online Finance Facilitation Centre", an initiative by CII to act as a one-stop-shop center for aggregating financing options for SMEs from various major financial institutions.

Thus, it is very true to say that Small and Medium Enterprises actually serves as the engine of growing Indian Economy.

"My Trade Box and LendingKart.com proudly join hands to provide more loan access to SMEs. It will hugely benefit the manufacturers and SMEs to expand their business and business related problems and become a major contributor in Indian Economy," said Co-Founder of MTB, Jayant Mehrotra. (ANI)

New Delhi [India], Feb 22 (ANI): India's debt capital markets have grown significantly during the last few years as reflected in the increase in total debt outstanding (sovereign + private sector) to Rs. 106.88 lakh crore as on December 31, 2016 from Rs 45.31 lakh crore as on March 31, 2011 (CAGR of 15 percent during the period).

Full Story >>

New Delhi [India], Feb 22 (ANI): India's pioneering online automobile transactional marketplace Droom has given a boost to its allied services segment by signing up with some of the biggest service providers in the Road Side Assistance category, including Allianz Worldwide Partners. The move is expected to garner more traction and better customer experience for the online marketplace in this category.

Full Story >>

New Delhi [India], Feb 22 (ANI): Home Credit, one of India's fastest growing NBFCs completes a successful five years in India, emerging as a leading player in consumer durable loans with ticket size up to Rs. 10,000 with 87.2 percent market share PAN India for July- Sept 2016, according to CRIF.

Full Story >>

New Delhi [India], Feb. 22 (ANI-BusinessWire India): Snapdeal, India's largest online marketplace, shared annual sales trends for its general merchandise category, for the period January 2016-2017, on Wednesday.

Full Story >>

New Delhi [India], Feb 22 (ANI): ICRA expects gross bond issuance vide Government of India securities (G-sec), State Development Loans (SDL), UDAY bonds and municipal debt to remain stagnant at Rs. 10.7 trillion in FY2018.

Full Story >>

New Delhi [India], Feb. 22 (ANI): Shemaroo Entertainment Ltd, one of the leading content houses in the country, finalised a content licensing deal with Vuclip's premium Over-The-Top (OTT) video-on-demand service, Viu.

Full Story >>

New Delhi [India], Feb 22 (ANI-BusinessWireIndia): Three winners of HCL Grant 2017 across categories of Environment, Health and Education were today announced at a ceremony held at HCL Technologies Hub, Noida. Arun Jaitley, Union Minister of Finance and Corporate Affairs, presided over the ceremony as the Chief Guest and felicitated the winners. Each winning NGO receives a Grant of up to Rs. five crores.

Full Story >>

New Delhi [India], Feb 22 (ANI): OnePlus, a global mobile technology startup, last night hosted the first edition of OnePlus Talks - a platform for sharing knowledge with the ever growing OnePlus community through sessions with experts across industries.

Full Story >>

New Delhi [India], Feb 22 (ANI-NewsVoir): 'Guru Harkrishan Public School (GHPS) Staff Welfare Association' today decided to intensify their efforts for implementation of 6th Pay Commission of the Guru Harkrishan Public School staff by the Delhi Sikh Gurudwara Management Committee (DSGMC).

Full Story >>

New Delhi [India], Feb. 22 (ANI): GoDaddy, the world's largest cloud platform dedicated to small, independent ventures, today announced that its suite of online tools designed to create and manage a digital presence, is enabling Impace Systems, a software design firm providing out-of-box software solutions, reach more customers in India and globally.

Full Story >>

New Delhi [India], Feb. 22 (ANI): Wishfin, India's neutral financial marketplace run by Mywish Marketplaces Private Limited (MMPL) announced an industry-first specialised service, titled 'Wish Experts'.

Full Story >>

New Delhi [India], Feb 22 (ANI): Microsoft CEO Satya Nadella on Wednesday announced the integration of Skype and Aadhaar to launch the 'Skype Lite' for low speed mobile internet connections, which will be supported by Aadhaar and will enable technology that can empower people and organisations.

Full Story >>

New Delhi [India], Feb. 22 (ANI): After reports surfaced of new Rs. 1000 and higher denomination notes coming into circulation, Secretary Economic Affairs Shaktikanta Das has refuted the notion.

Full Story >>

New Delhi, [India], Feb. 22 (ANI-BusinessWire India): In order to enable easy access of all latest technology-related updates, CRB Tech solutions Pvt Ltd. launched an online magazine, 'TechTrail-on the trail of technology'.

Full Story >>

New Delhi, [India], Feb. 22 (ANI): A report on the vibrancy of the startup ecosystem in the UK and its lessons for India's developing startup scene was launched on Tuesday.

Full Story >>

New Delhi, [India], Feb. 22 (ANI-NewsVoir): Genesis Foundation in association with Fitbit and powered by Monster.com announced the sixth edition of its annual flagship musical event, Kasauli Rhythm and Blues Festival.

Full Story >>

New Delhi, [India], Feb. 22 (ANI-BusinessWire India): Tammy Trade, India's fastest growing B2B e-marketplace, is off to a flying start since its launch in October 2016. In the agro-commodities space, Tammy Trade has already facilitated bulk orders for paddy, wheat, rice, soya and maize to name a few, with sales volumes ranging from 200 to 2600 tons.

Full Story >>

Kutchina associates with Freedomscape

Updated: Feb 22, 2017 08:16 IST

New Delhi, [India], Feb. 22 (ANI-NewsVoir): Kutchina, one of the leading manufacturers and retailers of kitchen appliances and modular kitchen in the country, associated itself with Freedomscape, presented by Indian Museum, a cultural program which witnessed participation of differently abled children, in Kolkata.

Full Story >>

New Delhi, [India], Feb. 22 (ANI): Verizon Enterprise Solutions has partnered with Ericsson to provide enabling technologies for Verizon Virtualised Managed Network Services offerings that will be rolled out globally.

Full Story >>

HTC launches U Series of smartphones

Updated: Feb 22, 2017 07:48 IST

New Delhi, [India], Feb. 22 (ANI-NewsVoir): HTC Corporation, a leading innovator in mobile and virtual reality technology, unveiled the HTC U Ultra and the HTC U Play smartphones in the Indian market, on Tuesday.

Full Story >>