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Opportunity India Desk Oct 10 2023 - 3 min readThe Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has approved a cumulative guarantee of INR 5 lakh crore, benefiting 76 lakh MSEs, according to the Ministry of Micro, Small and Medium Enterprises (MSME). “Congratulations to CGTMSE Officials for reaching the remarkable milestone of approving Cumulative Guarantees of INR ...
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Opportunity India Desk Sep 29 2023 - 2 min readGreenCell Mobility – an electric bus operator has signed a green project finance loan agreement with Standard Chartered Bank for INR 1.25 billion to finance their E-Mobility project in Surat, the company said. Surat E-Mobility project consists of 150 electric buses represents the first-ever project finance transaction in India’s E-Mobility sector by a ...
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Opportunity India Desk Jun 13 2023 - 2 min readLoanTap, a digital lending platform on Tuesday announced a series of strategic appointments and promotions to bolster its team of highly experienced professionals. In its media statement, the company said, “LoanTap is pleased to announce the appointment of Rajeev Das, formerly the Chief Risk Officer (CRO) of LoanTap, as the Chief Executive Officer (CEO) of ...
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Opportunity India Desk Dec 19 2022 - 2 min readBuy now pay later (BNPL) is gradually becoming a popular payment option among online shoppers in Asia-Pacific (APAC) and is expected to account for 4.1% share of e-commerce payments value in 2026, says GlobalData, a leading data and analytics company. Already popular in countries like Australia and New Zealand, BNPL is gradually gaining traction in ...
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Opportunity India Desk Sep 30 2022 - 2 min readIn order to contain the rising inflation in India, the Reserve Bank of India (RBI) has announced a 50 basis points hike in the repo rate. Repo is the rate at which the central bank lends short-term funds to banks. One bps is one-hundredth of a percentage point. With the latest rate hike, the repo ...