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Business Economy


i-lend.in signs pact with Cove Venture

i-lend.in signs pact with Cove Venture

Hyderabad, Nov 30 (UNI) City-based i-lend.in, one of the best performing company in the nascent Peer 2 Peer (P2P)/ Alternate Finance and UK-based Cove Venture entered into a strategic agreement. Under the strategic agreement, both firms will apply Artificial Intelligence, Deep and Machine Learning algorithms in the Indian Alternate Finance & P2P Lending industry to ensure more people in urban and rural India get access to credit at moderate interest. The Indian Alternate Finance and P2P Lending industry expected to grow over USD 20 Billion business in the next few years and the sector is experiencing rapid growth presently. The models will help improve the predictability by analyzing online, social and financial behaviour thereby enabling I-lend with significant accuracy. This predictability will help in pricing loans, opening up new segments and deliver better financial performance. Getting exclusive access to i-lend data helps Cove Ventures build cutting edge solutions across the fast growing finance eco-system in India. “This tie up will help building predictive, qualitative credit and e-KYC models along with our existing algorithms. It also enables us to better address financial inclusion in the urban space and bring a higher degree of transparency into loaning and lending operations and rationalise high interest rates being charged, i-lend Founder Shankar Vaddadyi told media here today. Cove Venture Founder and CEO Madhava Turumellae said “This partnership will improve our footprint in India and help us get excellent traction in the fast growing Indian financial space both from a conventional and new wave companies like I-lend. Exclusivity is critical because of the nature of the technologies and data involved and confident that these models will give a flip to the demonetization,” he added. UNI VV CS 1717

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Universal Sompo General Insurance Company Limited Wins "Golden Peacock Award for Corporate Ethics-2019"

25 Jan 2020 | 11:21 PM

MUMBAI, India, Jan 25, 2020 /PRNewswire/ - Universal Sompo General Insurance Company Limited a Multi-line non-life insurance company has been bestowed with the "Golden Peacock Award for Corporate Ethics-2019" in a Golden Peacock Awards Presentation Ceremony held on Thursday, January 16, 2020, at, Singapore.

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TSGCC achieves Rs 200 Cr turnover in 2019-20 (till Dec’19)

25 Jan 2020 | 7:34 PM

Hyderabad, Jan 25 (UNI) Telangana State Girijan Cooperative Corporation Limited (TSGCCL) has achieved Rs 200.21 crore turnover against Rs 256.89 crore target up to December 2019 of current financial year.

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No impact of slowdown on home furnishing segment: Guj entrepreneur

25 Jan 2020 | 6:00 PM

Ahmedabad, Jan 25 (UNI) The economic slowdown, affecting major sectors like automobile, manufacturing and real estate in the country, has failed to dent the home furnishing segment, which continued an upward trend, registering bumper sales of bed-sheets, towels and similar products, a renowned Gujarat-based businessman, said on Saturday.
According to Sudarshan Golecha, founder of Trecento Store Pvt Ltd, that owns the leading Vintana brand for bed, bath and decor segments, more than 23 crore branded bed-sheets were being sold each year across the country and if the non-branded items are also included the number would be manifold higher.

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VST signs MoU with Czech Republic's Zetor Tractors

VST signs MoU with Czech Republic's Zetor Tractors

25 Jan 2020 | 4:37 PM

Bengaluru, Jan 25 (UNI) Homegrown tractor and farm machinery manufacturing company VST tillers tractors on Saturday entered into a Memorandum of Understanding (MoU) with Czech Republic based Zetor Tractors.

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VST Tillers Tractors joins hands with Czech Republic’s Zetor Tractors

25 Jan 2020 | 4:04 PM

Bengaluru, Jan 25 (UNI) VST Tillers Tractors expanding its global footprint ties up with Czech Republic’s Zetor Tractors, world’s largest tractors manufacturers.

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