Credlix, a leading global provider of supply chain financing, has announced its expansion into the USA and Mexico, backed by $50 million in funding from Moglix — Asia’s largest B2B e-commerce platform. This move aims to empower SMEs by providing fast, collateral-free financing solutions, addressing critical working capital challenges, and fostering business growth. This expansion aligns with Credlix’s broader vision of empowering SMEs in emerging markets to participate in global trade opportunities, reflecting India’s emphasis on boosting exports and enhancing global trade partnerships.

SMEs in India and Mexico face similar challenges such as limited access to affordable financing, operational inefficiencies, and extended payment cycles. Credlix’s expansion into US and Mexico aims to address these challenges by offering fast, collateral-free financing solutions that improve cash flow, reduce financial burdens, and enable SMEs to scale operations — challenges that are well recognized in India’s own economic landscape.

Credlix’s expansion is set to boost trade between developing markets in this region, providing businesses in the US and Mexico with a stable supply chain, diversified sourcing options, and quicker access to quality goods. The growing nearshoring trend, which strengthens supply chain resilience, is further supported by Credlix’s presence in the region.

Rahul Garg, Founder & CEO of Moglix, emphasized the importance of this expansion: “Our investment in Credlix demonstrates our commitment to empowering global supply chains. Just as we’ve supported manufacturing and infrastructure businesses in India, Credlix’s expansion into Mexico will enable SMEs to overcome financial challenges and capitalize on opportunities in a dynamic global trading environment.”

Credlix’s expansion focuses on the manufacturing sector, including key industries such as automotive, textiles and apparel, aerospace components, industrial and consumer chemicals, agriproducts, and electronics. By offering collateral-free financing covering up to 90% of invoice value upon shipment, Credlix aims to immediately improve SMEs’ access to working capital. This move aligns with India’s broader efforts to strengthen manufacturing capabilities and foster stronger trade ties with emerging markets.

Honeywell (Nasdaq: HON) announced today a collaborative endeavor with SAMSUNG E&A to jointly market solutions aimed at the hard-to-abate power plant sector globally. The initiative seeks to reduce carbon emissions and contribute to the fight against climate change. It also supports Honeywell’s alignment of its portfolio to three powerful megatrends, including the energy transition.

SAMSUNG E&A, a total solutions provider for the global energy industry, will leverage Honeywell’s industry-leading carbon capture technologies to help power plants reduce carbon emissions and meet environmental goals. “As two carbon capture leaders, our collaboration highlights the importance of cooperative approaches in reducing greenhouse gas emissions,” said Hong Namkoong, president and CEO of SAMSUNG E&A. “Deploying Honeywell’s carbon capture technologies allows SAMSUNG E&A to offer viable, more sustainable solutions for global clients during this energy transition.”

Carbon capture, utilization, and storage (CCUS) can significantly reduce carbon dioxide (CO₂) emissions, acting as a crucial stopgap during the expected transition from fossil fuels to lower carbon energy sources. These technologies help to mitigate the environmental impact of various industries responsible for greenhouse gas emissions.

“Honeywell has long been a global leader in carbon capture technologies and our collaboration with SAMSUNG E&A only further highlights our commitment to reducing emissions and tackling climate challenges,” said Ken West, president and CEO of Honeywell Energy and Sustainability Solutions. “With decades of experience and a broad portfolio of carbon capture solutions, we are ready to help businesses meet growing carbon mitigation expectations and increasingly stringent environment goals by abating emissions from existing sources.”

Honeywell’s CCUS technologies have been developed and deployed in numerous applications globally. Between 2023 and 2030, Honeywell estimates that the company’s CCUS technologies will have a cumulative impact of mitigating 320 million metric tons of CO₂e.^[

In a significant operation, the Navi Mumbai Police have arrested five Bangladeshi nationals for allegedly residing illegally in the city, officials said on Sunday. Acting on a tip-off, the Anti-Human Trafficking Cell conducted a raid at a residential building in the Koparkhairne area on Saturday. The operation led to the apprehension of four women and one man.

During interrogation, it was revealed that the individuals had entered India using forged documents, according to an official from the Koparkhairne police station. The women, aged between 34 and 45, were employed as housekeepers, while the 38-year-old man worked as a painter, the official added.

A First Information Report (FIR) has been filed against the group under various sections of the Bharatiya Nyaya Sanhita for cheating and forgery, as well as provisions under the Passport (Entry into India) Rules, 1950, and the Foreigners Act, 1946.