Express news service NEW DELHI: The government plans to extend its Emergency Line of Credit Guarantee Program (ECLGS) until March 31, 2022, as more than Rs 1.60 lakh crore remains unused. “The ECLGS device was well received by MSMEs during the Covid period. However, the pace of disbursements has been slower than expected. We plan […]
Beijing (Gasgoo) – BAIC Group has signed a strategic agreement with the Beijing branch of the Industrial and Commercial Bank of China (ICBC), representing another successful case of the financial sector serving the development of high-end manufacturing. Signature of an agreement between the BAIC group and ICBC; photo credit: ICBC In accordance with the agreement, […]
Flipkart has extended additional benefits over EMI offerings to encourage its customers. He also recently announced that his Big Billion Days 2021 sale is coming soon. However, the dates have not yet been revealed. The e-commerce giant has extended the benefits of its “Flipkart Pay Later” offering to promote the affordability and convenience of shopping […]
Energy access entity EDFI ElectriFi has offered the revolving credit facility to a California distributor that provides affordable, pay-as-you-go compatible devices. September 16, 2021 Max Room The latest statistics from the International Renewable Energy Agency included an estimate of Africa’s off-grid solar capacity at the end of 2020. Graphic created by Max Hall, using content […]
Polaris Bank has an impact on the education sector in Nigeria with a significant increase in funding through its bundled lending solution called ‘Polaris Education Loan’ as it sets aside a dedicated line of credit to support private school owners . The Polaris Education Loan provides clients of the Bank’s private primary, secondary and tertiary […]
Julie Hyman of Yahoo Finance breaks down Thursday’s business headlines. Video transcript – Checking on other business titles now. Alaska’s multibillion-dollar ConocoPhillips Willow oil project was blocked by a federal judge who said the government had failed to properly assess the impact on climate change as well as the potential damage to polar bears. The […]
The library and the finance board reached an agreement on Tuesday that the city will give the library a $ 10 million grant for the nearly $ 38.5 million new library project as well as a line of credit. Members of the Finance Council suggested last Thursday that the city could loan the money for […]
(Bloomberg) – The Central Bank of Ecuador has doubled its emergency line of credit with the Bank for International Settlements (BIS) to US $ 840 million as a preventative measure in the event of a downturn, said the chief executive of the monetary authority. The line of credit is part of efforts to strengthen the […]
Capital on Tap, a UK-based fintech, recently launched its small business credit card in the US and has seen incredible demand since April with over 28,000 businesses applying for their credit cards so far. . To help fuel their growth in the United States, Capital on Tap has secured a $ 100 million credit facility […]