Wed, Apr 26, 2017 | updated 07:47 AM IST

Wydr offers easy access to working capital loans to its associate retailers

Updated: Oct 04, 2016 16:47 IST      
Wydr offers easy access to working capital loans to its associate retailers

New Delhi [India], Oct 4 (ANI): Wydr enters into strategic partnership for preferential rates with multiple online lending companies such as Lendingkart, CapitalFloat, Indifi and Flexiloans. These partnerships are aimed at offering easy and collateral-free working capital loan to the retailers with minimum documentation.

Adding to joy of the retailers, when they buy goods on credit on Wydr's platform, Wydr will reimburse interests incurred till Diwali. Therefore, retailers can tide over the surge in working capital needs and let business gear up to meet demand.

"Conventionally Diwali as a festival, holds special significance to the business community in India. Understanding the pain points and need for high value short duration funds Wydr designed the Unique Interest free Loan plan to boost the trading capacity of our associate retailers, this festive season. This is a three-point association that not only aid Wydr's associate retailers to bolster their business this Diwali, but also add to Wydr's business capabilities in return, while also contribute to exponential expansion the lenders' industry portfolio," said Spokesperson, Wydr.

Factoring in the contemporary festive trends, One of Wydr's associate retailers said, "Diwali accounts for approximately 40 percent of our annual sales in appliances, electronics, fashion and home decor. This directly impacts our capital requirements, which shoot up exponentially during Diwali, as we need to cater to a massive consumer demand. This association establishes that Wydr has its fingers firm on the pulse of the market and adopts strategic tactics that not only adds to the transactional capacity of its platform, but also augments the business status co of the entire community."

Wydr fathoms and appreciates the buying cycle and business requirements of the offline retailer and therefore designed this Diwali promotion, tailored to their needs - Wydr Buying Power Offer. As a part of this offer, when a retailer's collateral - free loan gets approved by Wydr's lending partners; the buyer gets WydrCredit to buy goods on the platform.

The promotion is only applicable on loans taken from now to Diwali 2016. Also, the maximum interest rate subsidy is 1.25 percent per month. (ANI)

New Delhi [India], Apr 25 (ANI): Self-regulatory organization and industry association of the microfinance industry in India Microfinance Institutions Network (MFIN) on Tuesday launched the financial literacy mobile app for microfinance clients.

Full Story >>

e-SOT, e-PRAN cards launched for Atal Pension Yojana users

Updated: Apr 25, 2017 18:16 IST     

New Delhi [India], Apr 25 (ANI): To benefit and digitally empower over 45 lacs Atal Pension Yojana (APY) subscribers, the facility of online viewing of the statement of transaction (e-SOT) and e-PRAN cards were launched on Tuesday.

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): CFA Society India, one of the 147 CFA Institute member societies, jointly hosted its annual Putting Investors First event 'Rethinking Financial Services for Millennials' in association with the Institute of Chartered Accountants of India (ICAI) and National Securities Depository Limited (NSDL).

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): India's largest financial marketplace for loans and credit cards Paisabazaar.com on Tuesday announced a first of its kind strategic partnership with YES BANK, India's fifth largest private sector bank.

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): Delhi NCR residents can look forward to more bespoke travel experiences with Wanderers' Footprints Travel Boutique opening its first office in the Indirapuram area.

Full Story >>

New Delhi [India], Apr 25 (ANI-Newsvoir): AKAI India on Tuesday launched a new series of high performance, energy efficient air conditioners this summer.

Full Story >>

Aye finance empowers expansion of south Indian MSMEs

Updated: Apr 25, 2017 15:41 IST     

New Delhi [India], Apr 25 (ANI): In order to empower the expansion of the Indian MSME sector , Aye Finance is delivering business loans against mortgage or simple hypothecation accessible to India's thriving and underserved MSME sector.

Full Story >>

New Delhi [India], Apr 25 (ANI-NewsVoir): Achieving two major milestones for its LNG re-gasification project at Jaigarh port in Maharashtra on the west coast of India, H-Energy Gateway Private Ltd. signed an agreement with ENGIE for chartering its FSRU GDF SUEZ Cape Ann.

Full Story >>

New Delhi [India], Apr 25 (ANI): According to credit-rating body ICRA, the growth of the renewable energy (RE) sector was driven by the large capacity additions in the wind and solar power segments.

Full Story >>

New Delhi [India], Apr 25 (ANI): Aiming to strengthen its engineering footprint in Eastern Europe, IT major Infosys Ltd. on Monday announced the opening of its first office and delivery center (DC) in Karlovac, Croatia.

Full Story >>

Rannvijay Singh to be face of The Spartan Poker

Updated: Apr 24, 2017 19:55 IST     

Mumbai [India], Apr 24 (ANI-Businesswire India): Popular actor/ TV host and youth icon, Rannvijay Singh has joined hands with The Spartan Poker, country's leading and most popular poker gaming portal as their first brand ambassador.

Full Story >>

New Delhi [India], Apr 24 (ANI): Global specialist in energy management and automation Schneider Electric India on Monday announced its signing of an agreement with Naya Raipur Development Authority (NRDA) for the development of the first green field integrated smart city of Naya Raipur, Chhattisgarh.

Full Story >>

New Delhi [India], Apr 24 (ANI-NewsVoir): The grand celebration of Adarsh Star Samaroh 2017 was held at JECC Ground in Jaipur, Rajasthan. Adarsh Star Samaroh is an annual event from Adarsh Credit Co-operative Society to celebrate the success of the team leaders and advisors of Adarsh Credit Co-operative Society who have gathered from all across the country.

Full Story >>

New Delhi [India], Apr 24 (ANI): The new variants build on Vestas' 2 MW platform, delivering increased swept area and annual energy production while keeping the existing 2 MW nacelle and hub design.

Full Story >>

New Delhi [India], Apr 24 (ANI): LC Singh, Founder, Vice Chairman and CEO of Nihilent Technologies, a Pune-based global consulting and solutions Integration Company, addressed a large gathering of entrepreneurs, corporate executives, investors and mentors on 'How design thinking makes use of a collaborative approach in solving complex problems; and how 'empathy' lies at the core of the design thinking approach' at the flagship event of 'TiECON, Pune 2017', which took place recently at The Westin Koregaon Park, Pune.

Full Story >>

New Delhi [India], Apr 24 (ANI-NewsVoir): The tremendous response that our existing Indiqube centres have received in Bangalore, we are now expanding our footprints in city's shared work space map with launch of four new centers in important areas in order to cater to the growing demand for shared spaces.

Full Story >>

Ola launches biggest driver partner engagement initiative

Updated: Apr 24, 2017 12:44 IST     

New Delhi [India], Apr 24 (ANI): Taxi aggregator Ola on Monday announced the launch of 'Ola Partners League' - a unique virtual cricket game for its driver partners.

Full Story >>

New Delhi [India], Apr 24 (ANI): International Management Institute (IMI) conducted its 33rd Annual Convocation Ceremony at IMI-New Delhi campus where it awarded 299 students of the premier Business School with diplomas.

Full Story >>

L&Technology Services wins smart city and campus project

Updated: Apr 24, 2017 11:36 IST     

New Delhi [India], Apr 24 (ANI-BusinessWireIndia): L&T Technology Services Limited, a leading global pure play engineering services provider, announced the development of Smart City and Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company - a result of its expanded partnership with Microsoft.

Full Story >>