‘Loan disbursements of MFIs take a hit’

Loan disbursements by Micro Finance Institutions (MFIs) have suffered during demonetisation period, Minister of State for Finance Arjun Ram Meghwal informed the Lok Sabha on Friday. MFIs disbursed 59.22 lakh loans worth Rs 12,424 crore during October-December in 2016-17, against 79.82 lakh…

Flipkart to raise funds again

Undaunted by its markdowns and teething problem of seniors quitting from top positions, Indian ecommerce behemoth Flipkart is vigorously pursuing to notch $2 billion as its last leg of fundraising efforts backed by eBay, Microsoft and China’s Tencent.According to sources familiar with…