Tuesday, Mar 31 2020 | Time 12:52 Hrs(IST)
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  • Youth injured by gunmen in Kulgam, dies at SKIMS in Srinagar
  • India calls for affordable access to medicines, easier movement of health specialists across borders
  • COVID-19: 24 tested positive from Nizamuddin Markaz, nine dead
  • Cambodia confirms 2 new COVID-19 cases
  • Mah: 8 doctors, 4 paramedics quarantined as man hides Covid-19 contact details
  • Seven more test positive, TN's corona count increases to 74
  • Over 280 units in SEZs, manufacturing pharmaceuticals, hospital devices operational
  • COVID-19 cases in AP rises to 40 as 17 more tests positive
  • COVID 19: 1,251 confirmed cases, 32 deaths, 101 cured in the country
  • 24 people present at congregation in Delhi's Nizamuddin Markaz test positive for COVID-19
  • NTA extends last date for online application forms submission for various exams
  • COVID-19 cases in UP crosses three-digit mark
  • Between stress and virus: Psychologists on how to help oneself & others
  • Six from T'gana inflicted with Corona die after attending religious prayer meeting in Delhi
  • Bengal records third Coronavirus death
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

More News

India calls for affordable access to medicines, easier movement of health specialists across borders

31 Mar 2020 | 12:42 PM

New Delhi, Mar 31 (UNI) India has called for working towards creating a global framework for further enhancing affordable access to medicines for fighting pandemics and facilitating easier movement of health professionals across national borders.

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Over 280 units in SEZs, manufacturing pharmaceuticals, hospital devices operational

31 Mar 2020 | 12:17 PM

New Delhi, Mar 31 (UNI) More than 280 SEZ units, engaged in manufacturing of essential items like pharmaceuticals and hospital devices, are operational during the complete lockdown in the country to curb the spread of Covid-19.

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Sensex rebounds by 551 pts

Sensex rebounds by 551 pts

31 Mar 2020 | 10:28 AM

Mumbai, Mar 31 (UNI) Snapping a losing streak of last two sessions the Bombay Stock Exchange (BSE) on Tuesday bounced by 551 pts to open at 28,991 trackings.

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Rupee recovers by 12 paise against USD

31 Mar 2020 | 10:26 AM

Mumbai, Mar 31, (UNI) Rupee on Tuesday recovered by 12 paise to 75.49 in early trade against the Greenback on fresh selling of US Dollars by bankers and exporters, dealers at the forex market said.

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Sensex rebounds by 551 pts

Sensex rebounds by 551 pts

31 Mar 2020 | 10:22 AM

Mumbai, Mar 31 (UNI) Snapping a losing streak of last two sessions the Bombay Stock Exchange (BSE) on Tuesday bounced by 551 pts to open at 28,991 trackings.

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