Saturday, Feb 8 2025 | Time 06:42 Hrs(IST)
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Business Economy


X10 Financial services extends financial support program for SMEs

New Delhi, Oct 6 (UNI) Gates Apac Pte. Ltd today said it has signed a strategic partnership with X10 Financial Services Limited, a leading Non-Banking Finance Company (NBFC) to facilitate financial program for SMEs in the supply chain industry at Gates Reseller Channel Summit. GATES brings the wide network of SMEs into its ecosystem in India and other emerging markets in the South Asia region. It offers a unique platform in India that brings together an opportunity to engage and interact with 250 key SMEs from across 50+ cities in India, the company said. "X10 will be using this platform to educate SMEs on financing options that allow more transactions within a single credit cycle and helping companies overcome certain challenges like maintaining a smooth cash flow cycle, accepting and fulfilling larger deals on time,'' said Karan Bhatia, CEO and Managing Director in a statement. Our partnership will encourage the SMEs to use the platform and seek financial support from the experts that would help them to grow their business at the time when the economy is going through a challenging time the statement said adding that Gates ICT Reseller Summit 2015 looks to ensure the growth of ICT industry in India. X10 as a leading supply chain financing NBFC focuses on strengthening borrowers by scaling down their working capital requirement and benefiting distributors by improving their liquidity position, making sure they get their payments promptly and by reducing their credit risk. UNI RN KU 1418
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Meghalaya initiates interventions to promote collaboration and partnership with Japan

07 Feb 2025 | 7:25 PM

Shillong, Feb 7 (UNI) Meghalaya Chief Minister Conrad Sangma on Friday said that the state has initiated interventions to promote collaboration and partnership with Japan, leveraging the strong bilateral relationship that India shares with Japan.

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Infosys lays off 700 recruits after months: NITES

07 Feb 2025 | 7:18 PM

Mysuru, Feb 7 (UNI) In a disturbing development, Infosys has reportedly initiated the termination of approximately 700 campus recruits who were onboarded in October 2024.

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DBS Foundation collaborates with Haqdarshak to grow Financial Literacy Program with SGD 5 1 Million in funding

07 Feb 2025 | 6:32 PM

Kolkata, Feb 07 (UNI) DBS Foundation in partnership with Haqdarshak Empowerment Solutions Pvt. Ltd (HESPL) has announced a new program designed to help advance financial inclusion with a focus on rural India.

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Ola Electric maintains leadership position in EV 2Ws in Q3 FY25 with 25 5 pc market share

07 Feb 2025 | 6:23 PM

Kolkata, Feb 07 (UNI) Ola Electric has maintained leadership position through Q3 FY25 with a 25.5 per cent market share (as per VAHAN data) driven by the company’s singular EV focus, strong product portfolio and technology leadership.

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RBI fines Federal Bank, Karur Vysya Bank for non-compliance to directions

07 Feb 2025 | 6:19 PM

New Delhi, Feb 7 (UNI) The Reserve Bank of India (RBI) has imposed a monetary penalty on two private lenders – Federal Bank and Karur Vysya Bank Limited for non-compliance with certain directions on “Interest Rate on Deposits” in case of Federal Bank and “Loan System for Delivery of Bank Credit” in case of second Bank.

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