Walmart joins Microsoft in bid for video app TikTok

Walmart joins Microsoft in bid for video app TikTok

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ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEs

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ICICI Bank and Small Business FinCredit will jointly provide loans worth up to Rs 1 crore to the small and medium enterprises. ICICI Bank on Friday said it has singed a memorandum of understanding with Small Business FinCredit India Pvt Ltd (SBFC) to jointly provide credit to micro, small and medium enterprises (MSMEs). ICICI Bank, Small Business FinCredit join hands to provide loans to MSMEs The partnership has been forged under the aegis of RBI’s circular dated September 21, 2018, that permits banks to engage with a non-banking financial company (NBFC) to co-originate loans for the creation of priority sector assets, the bank said. It is the first-of-its-kind programme by a bank and an NBFC, it said, adding the loans of up to Rs 1 crore is for a tenure of 15 years per customer. Under this arrangement, ICICI Bank will co-originate loan against property with SBFC at a mutually agreed ratio. The flow of funds from ICICI Bank will help customers aid their businesses in a seamless ma...
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EzyStayz Kicks Off Its First Exchange Listing With Foblgate

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ETF Securities offers Australian investors first access to India growth story

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SYDNEY, June 21 – ETF Securities is offering investors a unique opportunity to tap into the world’s fastest growing major economy with the launch today of Australia’s first India equities Exchange Traded Fund. Listed today on the Australian Securities Exchange with the code NDIA, the ETF is a partnership between ETF Securities and one of India’s largest asset managers, Reliance Nippon Life Asset Management (RNAM). “India is the most dynamic economic growth story globally, but, until now, it has been difficult for investors to access,” said Kris Wales by, Head of ETF Securities Australia. “This product offers investors the chance to gain exposure to a $US2.6 trillion economy that still has tremendous potential to grow as India reaps the benefits of structural reforms,” Walesby said. The World Bank has forecast India’s economy will grow by 7.5% in 2019/20, and by the same amount in fiscal 2020 – ahead of China’s projected growth of 6.2% and 6.1% respectively over the same period. “India...
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