Friday, Aug 17 2018 | Time 12:37 Hrs(IST)
image
  • UN condemns suicide attack on eduCentre in Afghanistan
  • Pakistan ban batsman Jamshed for 10 years for corruption
  • Imran vs Shehbaz: NA to elect new PM today
  • Imran Khan opts for simple oath-taking ceremony
  • Bhutan King arrives Delhi to attend Vajpayee's cremation, other dignitaries expected
  • Cauvery inspate downstream KRS/Kabini, land slides in Kodagu
  • US threatens more action against Turkey unless pastor freed
  • US military parade ordered by Trump postponed 'to 2019'
  • Devastating rain claims over 164 lives in Kerala so far; House, Crop loss estimated at Rs 68 27 cr
  • Major currencies down
  • Forex market closed on Friday
  • The Rohingya lists: refugees compile their own record of those killed in Myanmar
  • I feel like I have lost my father all over again: Ramchandra Bade’s daughter
  • Devastating rain claims over 100 lives in Kerala so far; House, Crop loss estimated at Rs 68 27 cr
  • Injury forced Vajpayee to stay in MP's Sehore for two-and-half months
Business Economy Share

Amazon India launches seller lending network

Amazon India launches seller lending network

Bengaluru, Jue 13 (UNI) Buoyed by its two year lending programme for its sellers, Amazon India on Wednesday announced the launch of a lending network for its sellers offering loan options from over six third party lenders.

The lending programme which had attracted thousands of sellers over the last two years had witnessed a massive 450 per cent growth in two years and during the last five months alone the growth was 150 per cent, Mr Gopal Pillai General Manager and Director Seller Services in Amazon India told newsmen here.

The network offering working capital requirement ranging from Rs.two lakh to Rs.5 crore would provide a choice for sellers to pick up their lender and comparative interest rate he said adding that it would further simplify and ease access to working capital that could be obtained in less than 24 hours.

He said India is the first geography wherein Amazon had built a lending programme like this for sellers.

UNI CNR RS SKB1731

More News
Ashok Leyland wins order for 300 Double Decker buses in Bangladesh

Ashok Leyland wins order for 300 Double Decker buses in Bangladesh

17 Aug 2018 | 12:04 PM

Chennai, Aug 17 (UNI) Ashok Leyland, the flagship of Hinduja Group, on Friday announced that it has won an order from Bangladesh Road Transport Corporation (BRTC) for the supply of 300 Double Decker buses.

 Sharesee more..
Sensex bounces back by 291 62 pts

Sensex bounces back by 291 62 pts

17 Aug 2018 | 12:03 PM

Mumbai, Aug 17 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Friday bounced back by 291.

 Sharesee more..

Major currencies down

17 Aug 2018 | 11:58 AM

Mumbai, Aug 17 (UNI) Following were the indicative currency rates and travellers' cheques buying and selling rates per unit on Friday.

 Sharesee more..

Forex market closed on Friday

17 Aug 2018 | 11:57 AM

Mumbai, Aug 17 (UNI) Forex and money markets remained closed on Friday on account of 'Parsi New Year', dealer informed.

 Sharesee more..

Bullion Market Opening rates

17 Aug 2018 | 10:41 AM

Chennai, Aug 17 (UNI) Following is the bullion
markets opening rate here today.

 Sharesee more..
image