Thu, Apr 27, 2017 | updated 04:38 PM IST

ShopClues facilitates digitally transferred loans for its merchants

Updated: Nov 14, 2016 12:39 IST      
ShopClues facilitates digitally transferred loans for its merchants

New Delhi [India], Nov 14 (ANI): Enabling its merchant community to fill the void in cash flows created by the recent demonetization drive, ShopClues has announced facilitation of low-interest working capital (short term) loans on its platform through its Capital Wings initiative.

Digitally-transferred loans can help ShopClues' 5,00,000+ merchants to carry forward their business as usual without letting it be hampered by the limited circulation of paper money in the economy.

The initiative is a part of many such endeavors by ShopClues to assist and support its large and growing merchant community in every way possible.

"With an aim to eliminate the menace of black money, the government has announced currency demonetization for denominations of Rs. 500 and Rs. 1,000. As ShopClues' Capital Wings initiative comes directly under the mandated RBI guidelines, we are proud to announce that our retailers across the country can avail the benefits of the scheme without worrying about hassles of cash," said AVP - Merchant Services ShopClues, Ganesh Balakrishnan.

ShopClues' Capital Wings facilitates flexible low-interest working capital (short-term) loans to the retailing community through its platform. With interest rates as low as 11.25 percent and zero processing fee, ShopClues' loan financing partners ensure that full loan amount is disbursed to the beneficiary within two to three days of the loan application.

ShopClues has tied up with multiple seller financing banks including SBI and ICICI, and leading NBFCs such as Flexiloans, Indifi, and Capital Float, which have rolled out attractive offers for merchants. (ANI)

Treebo makes business travel easy with 'Treebo for Business'

Updated: Apr 27, 2017 16:29 IST     

New Delhi [India], Apr 27 (ANI): Largest hotel chain Treebo Hotels has announced the launch of 'Treebo for Business' to offer a seamless booking experience to its corporate clients, which will allow the users to check real-time room availability, make instant bookings, avail the customized rates offered to them, make online cancellations and access booking history and preferred choices of employees.

Full Story >>

New Delhi [India], Apr 27 (ANI-NewsVoir): Shardul Amarchand Mangaldas and co. (SAM and Co.) acted in relation to the Rs. 1,193 Cr. Offer For Sale (OFS) of National Aluminium Company Limited (NALCO).

Full Story >>

New Delhi [India], Apr 27 (ANI): Missouri State University has announced special scholarships for Indian students. During his visit to India Colonel Stephen Robinette Associate Vice President, International Studies, MSU, USA, made a number of important announcements for Indian Students.

Full Story >>

New Delhi [India], Apr 27 (ANI): Though the government has come out with a National Intellectual Property Rights (IPR) Policy to promote a robust intellectual property (IP) environment across India, we need an ecosystem to take a good idea to a logical end even before it is commercialised, Union Railway Minister Suresh Prabhu said at an ASSOCHAM event held in New Delhi last night.

Full Story >>

New Delhi [India], Apr 27 (ANI): ExportersIndia.com, a B2B marketplace and exporters directory that connects manufacturers, exporters, suppliers and buyers to generate value from unlimited online trade opportunities and buyer enquiries on Thursday announced that, apart from India, countries like China, Sri Lanka and Taiwan are also witnessing a glaring surge in cooling products, this summer season.

Full Story >>

OYO launches its first hotel in Kathmandu

Updated: Apr 27, 2017 15:04 IST     

New Delhi [India], Apr 27 (ANI): Aiming to venture into the market in Nepal, budget-hotels network OYO announced the launch of its debut hotel in Kathmandu, following its successful venture into Malaysia in January 2016, where it has now grown to 200 hotels.

Full Story >>

Cash Suvidha strengthens financial access to Indian students

Updated: Apr 27, 2017 14:55 IST     

New Delhi [India], Apr 27 (ANI-Businesswire India): Cash Suvidha, one of India's fastest growing Fintech company has recently announced its partnership with KrazyBee, a Bengaluru based micro-lending platform, with an aim of facilitating easy and quick financing solutions for college students to pursue their passion.

Full Story >>

New Delhi [India], Apr 27 (ANI): On the occasion of Akshaya Tritiya, online payment platform Paytm on Thursday announced its collaboration with India's only Internationally Accredited Refinery MMTC-PAMP to launch Digital Gold, enabling Indians to buy, store and sell pure gold instantly.

Full Story >>

New Delhi [India], Apr 27 (ANI): According to the J.D Power 2017 India Two-Wheeler Customer Service Index (2WCSI) Study released on Thursday, when service dealers effectively communicate with customers at key junctures while servicing a two-wheeler at original equipment (OE)-authorised service centers, overall customer satisfaction notably improves.

Full Story >>

New Delhi [India], Apr 27 (ANI): Tata Motors on Thursday signed a contract for the supply of 3192 units of the Tata Safari Storme 4x4 to the Indian Armed Forces, under a new category of vehicles - GS800 (General Service 800).

Full Story >>

New Delhi [India], Apr 27 (ANI): Dismissing the proposal put forth by a member of NITI Aayog, Minister of State for Finance Santosh Kumar Gangwar on Thursday stated that no taxes will be levied on agricultural income.

Full Story >>

Vihaan Networks bags North East connectivity project of BSNL

Updated: Apr 27, 2017 13:08 IST     

New Delhi [India], Apr 27 (ANI): Indigenous telecom equipment manufacturer Vihaan Network Limited (VNL) bagged Rs. 1648 crore telecom infrastructure project of state-owned Bharat Sanchar Nigam Ltd for providing connectivity in over 4000 villages in remote areas of Arunachal Pradesh and Assam.

Full Story >>

New Delhi [India], Apr 27 (ANI): Edelweiss Tokio Life Insurance, the joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, on Wednesday obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) for 'POS - Saral Nivesh' , which will be sold over the counter for the first time in India under the POS (Point of Sale) guidelines.

Full Story >>

PVR Cinemas signs five-theatre deal with IMAX

Updated: Apr 27, 2017 10:12 IST     

New Delhi [India], Apr 27 (ANI): Multiplex chain PVR Ltd. on Wednesday signed an agreement with IMAX Corporation to add five more IMAX theatres in the Indian market. Through this rollout, PVR cinemas will reach a count of 10 IMAX screens and retain its position as the largest IMAX partner in India.

Full Story >>

New Delhi [India], Apr 27 (ANI): According to the real estate advisory firm PropTiger.com's findings, the real estate sector

Full Story >>

UN Global Compact's annual conference commences in New Delhi

Updated: Apr 27, 2017 09:50 IST     

New Delhi [India], Apr 27 (ANI): The United Nations Global Compact on Wednesday kicked off its two-day event, bringing together over 300 leaders from business, finance, civil society, government and the UN in New Delhi for its regional flagship event 'Making Global Goals Local Business - India'.

Full Story >>

UTStarcom to expand its footprint in India

Updated: Apr 27, 2017 09:21 IST     

New Delhi [India], Apr 27 (ANI-NewsVoir): UTStarcom India Telecom Pvt. Ltd., a global telecommunications infrastructure provider on Wednesday announced its plan to increase its investment in India at the 'Next Gen Innovation Summit 2017- and Beyond', an event organised by UTStarcom Inc.

Full Story >>

New Delhi [India], Apr 26 (ANI): Emaar India, the iconic brand and leading global property developer, has received the Occupancy Certificate for its LEED-certified Integrated IT Park Complex Digital Greens, located in Sector 61, Gurgaon.

Full Story >>

Yahoo India homepage gets brand new look

Updated: Apr 26, 2017 15:59 IST     

New Delhi [India], Apr 26 (ANI-BusinessWireIndia): We're excited to announce the new Yahoo Homepage, along with updates to Yahoo Finance, Yahoo Cricket and Yahoo Lifestylefor users in India.

Full Story >>

New Delhi [India], Apr 26 (ANI): Expanding its horizons, Capillary Technologies announces the initiation of its first technology team overseas, with Tony Wang as its newly appointed Director of Technology.

Full Story >>