Wednesday, Feb 19 2020 | Time 18:37 Hrs(IST)
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  • India recommended as host for 2022 AFC Women’s Asian Cup
  • China revokes press cards of 3 WSJ journalists
  • Delhi court grants bail to six persons in INX Media case
  • Anti-CAA: Opposition supporting anti-national forces, says Yogi
  • Cabinet approves elevation of BISAG as BISAG(N) under MEITY
  • CCEA approves upward revision of interest subvention under DIDF
  • UP govt has no project pending on river linking: Minister
  • Top commander among 3 militants killed in Tral encounter
  • MP CM bows to Shivaji
  • Tapas Pal's death: Mamata becomes 'explosive,' accuses BJP of 'revenge'
  • Javadekar unveils India 2020 book
  • Twenty-three militants killed in 10 operations, 40 OGWs arrested since Jan in J&K: DGP
  • Cabinet approves Swachh Bharat Mission (Grameen) Phase-II
  • Cabinet nod for historic ART Regulation Bill 2020
  • Youth run over by truck in Jalna
Business Economy


CredAble granted NBFC license by RBI

CredAble granted NBFC license by RBI

Mumbai, Jul 19 (UNI) CredAble's wholly-owned subsidiary, Equentia Financial Service Private Limited, has been granted a non-deposit taking Non-Banking Financial Company (NBFC) licence by the Reserve Bank of India (RBI).

Having successfully gained traction with some of India’s leading corporates, the NBFC license will allow CredAble to lend directly to SMEs and MSMEs and access debt markets to optimize its capital structure, providing suppliers with increased access to on-tap funding and untapped lending opportunities such as pre-invoice stage financing within India’s corporate supply chains.

Commenting on the approval of CredAble’s NBFC license application by the RBI, Co- Founder and CEO – CredAble, Mr. Nirav Choksi said, 'CredAble will use its NBFC status to provide short-term working capital solutions to suppliers in select eco-systems which tend to experience mismatched receivables and payables cycles. Oftentimes, these suppliers have limited access to bank financing or simply fall short of the credibility to be deemed ‘bankable’ and therefore have limited or no access to funds. CredAble fills this void by providing liquidity options during the pre-invoice and post-invoice phases.'

UNI JS SY 1732

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Social Finance Indias New CEO Shantanu Ghosh and Chair Ashish Dhawan to Deliver Social Outcomes at Scale

19 Feb 2020 | 6:07 PM

NEW DELHI, Feb 19, 2020 /PRNewswire/ - Social Finance Global Network (SFGN) and The Global Steering Group for Impact Investment (GSG) today announced that Shantanu Ghosh will be the new CEO and Ashish Dhawan the new Chair for the non-profit company. Social Finance India (SF-IND), part of the pioneering Social Finance Global Network and established with the support of The Global Steering Group for Impact Investment, is a catalytic impact investment intermediary designing products for improved social outcomes in India. In 2018, the initiative was incubated along with a marquee board and advisory council to oversee its operations.

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Business Doctors announces foray into Fund Raising through new vertical 'The Funding Doctor'

19 Feb 2020 | 6:02 PM

Hyderabad, Feb 19 (UNI) Business Doctors, a multinational business support company based out of UK, with presence in eight countries, providing mentoring to MSME business owners, on Wednesday announced its foray into advisory on Fund Raising through a new vertical “ The Funding Doctor’.

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Pocket52 announces association with Mobile Premier League

19 Feb 2020 | 5:59 PM

New Delhi, Feb 19 (UNI) Pocket52, India’s first cryptographically secure online poker platform, announced its association with Mobile Premier League (MPL), one of India's biggest mobile eSports platforms, launching online poker as a part of its diverse catalogue of online games.

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Rainbox Studios Acquires the Adaptation Rights of Legendary Poet-songwriter Sahir Ludhianvis Biography

19 Feb 2020 | 4:50 PM

MUMBAI, Feb 19, 2020 /PRNewswire/ - Rainbox Studios, a division of Rainshine Entertainment, announces the acquisition of the book adaptation rights for 'Sahir Ludhianvi: The People's Poet.' Penned by award-winning author, Akshay Manwani, and published by Harper Collins, the biography covers Sahir's enigmatic journey right from his dysfunctional childhood to the point where he became India's most celebrated songwriter. With superhit songs in classic films like Pyaasa, Naya Daur, and Phir Subah Hogi, his work is truly exemplary.

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Sensex rebounds 428 62 pts

Sensex rebounds 428 62 pts

19 Feb 2020 | 4:48 PM

Mumbai, Feb 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Wednesday posted a massive gain of 428.62 points to finish at 41,323 as buying was seen across the board amid positive global cues.

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