Tuesday, Apr 23 2019 | Time 23:35 Hrs(IST)
image
  • Pragya proffers nomination papers
  • Pragya proffers nomination papers
  • About 63 per cent voting recorded in Sangli constituency
  • Diggy slams RSS again
  • SP chief hits out at BJP, Congress
  • Diggy slams RSS again
  • No BJP wave now like 2014: Raj Thackery
  • Over 60 per cent polling recorded in Aurangabad constituency until
  • ‘Ek vidhan, ek pradhan’: Shah lauds Modi, slams Cong for ‘power-sharing’
  • ‘Ek vidhan, ek pradhan’: Shah lauds Modi, slams Cong for ‘power-sharing’
  • NDA will form govt after winning more than 400 seats and Modi will be PM again: Yogi
  • 'Chowkidar Chor Hai': Personal presence of Rahul in SC dispensed with for now
  • Around 66 pc voting in III phase, one killed in Bengal violence, 11 die while voting in Kerala, EVM glitches reported from all states
  • 'Vultures count bodies not soldiers':Rajnath Singh
  • 62 pc Kashmiri Pandits cast vote for Anantnag Assembly
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
EaseMyTrip ties Liberty Gen Insurance Ltd: Zero cancellation charges on flight tickets

EaseMyTrip ties Liberty Gen Insurance Ltd: Zero cancellation charges on flight tickets

23 Apr 2019 | 6:06 PM

New Delhi, Apr 23 (UNI) EaseMyTrip, one of the leading online travel aggregators has tied-up with Liberty General Insurance Limited, one of India’s fastest growing general insurance companies, to provide its customers with a unique proposition of Zero Cancellation charges on flight tickets.

see more..
Rupee rises by 5 paise against USD

Rupee rises by 5 paise against USD

23 Apr 2019 | 6:04 PM

Mumbai, Apr 23 (UNI) Rupee on Tuesday rose marginally by five paise to 69.62 against the US Dollars on selling of US Dollars by exporters, dealers at the Forex Market said.

see more..
Sensex ends lower at 3-wk-low of 38,564 88 pts on 3rd day in row

Sensex ends lower at 3-wk-low of 38,564 88 pts on 3rd day in row

23 Apr 2019 | 6:04 PM

Mumbai, Apr 23 (UNI) Extending losses for the third straight session on Tuesday, the BSE Sensex fell by 80.30 points to end volatile session at a three-week-low of 38,564.88 due to persistent sell-off in Telecom, Auto, Power, Realty and Finance stocks amid boiling oil prices after United States warned of sanctions on all buyers of Iranian oil.

see more..
Exhale introduces bladeless ceiling fan in Telangana, AP

Exhale introduces bladeless ceiling fan in Telangana, AP

23 Apr 2019 | 6:02 PM

Hyderabad, Apr 23 (UNI) Chennai-based Exhale Innovations Worldwide Private Limited, a Joint Venture with Exhele Fans LLC USA has entered into Telangana and Andhra Pradesh markets by introducing world’s only bladeless ceiling fan.

see more..
IEPF Authority recovers Rs 1,514 cr depositors’ money from Peerless General Finance

IEPF Authority recovers Rs 1,514 cr depositors’ money from Peerless General Finance

23 Apr 2019 | 5:56 PM

New Delhi, Apr 23 (UNI) In a major success, the Investor Education and Protection Fund (IEPF) Authority has been able to enforce the Peerless General Finance and Investment Company Limited to transfer deposits worth about Rs 1514 crore to IEPF.

see more..
image