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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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Sensex down 600 pts

Sensex down 600 pts

04 Mar 2021 | 11:27 AM

Mumbai, Mar 4 (UNI) The BSE Sensex on Thursday dropped by 600 pts to 50,844.12 on profit-booking by local operators.

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Fuel prices constant for 5th consecutive day

Fuel prices constant for 5th consecutive day

04 Mar 2021 | 10:59 AM

New Delhi, Mar 4 (UNI) Despite the rise in crude oil in the international market, petrol and diesel prices remained stable for the fifth consecutive day in the domestic market on Thursday, According to Indian Oil Corporation (IOC).

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CII TN Council gets new Chairman, Vice-Chairman

04 Mar 2021 | 10:16 AM

Chennai, Mar 4 (UNI) Dr S Chandrakumar, Founder and Executive
Chairman, Sri Kauvery Medical Care India Limited, Trichy, has
been elected as Chairman, while Satyakam Arya of Daimler India
as Vice-Chairman of Confederation of Indian Industry (CII) Tamil
Nadu State Council for the year 2021-22.

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Victor Hospital upgrades cardio vascular dept

03 Mar 2021 | 8:17 PM

Panaji, Mar 3 (UNI) Victor Hospital, a premier super-speciality hospital in the state, into medical care for 17 years has now upgraded its Cardio-Vascular Department with the induction of Dr M D Dixit, one of the country’s foremost Cardiac Surgeons.

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Dozee launches Dozee Pro- A contactless remote patient monitoring solution for hospitals amidst rising demand

03 Mar 2021 | 8:11 PM

Bengaluru, Mar 3 (UNI) The Dozee, a pioneer in Contactless Remote Patient Monitoring (RPM) solutions announced the launch of Dozee Pro, a Contactless Vitals Monitor for hospitals, here on Wednesday.

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