Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
CredAble Secures Rs 30 Cr From SIDBI For Business Expansion
MSME & Udhyam
CredAble, a fintech firm in Asia, has secured Rs 30 crore in debt funding from SIDBI to expand its operations and offer affordable financing solutions to MSMEs and women-led businesses in India. With its AI-powered platform, CredAble facilitates over USD 8 billion annually in working capital for Indian enterprises. \r
The company has also allocated Rs 200 crore to support women-led enterprises, benefiting more than 50 businesses across India. Manu Prakash, MD at CredAble, highlighted the funding's role in bolstering efforts to strengthen the MSME sector and empower women entrepreneurs amid anticipated growth in the sector over the next five years.
