Aye Finance raises Rs 25 cr from Hinduja Finance & Intellegrow

Delhi-based MSME lending platform Aye Finance has raised Rs 25 crore from Hinduja Leyland Finance and Intellegrow. This is the second securitisation deal for the company. Last year it had raised Rs 10 crore by securitising part of its portfolio. Sanjay Sharma, Founder and Managing Director Aye Finance said, “The loan requirements of these businesses ranges between Rs 50,000 and Rs 5 lakh, which makes servicing these small ticket loans an expensive proposition. We at Aye have not only designed our processes and automation at minimum cost but we have also partnered with…

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Wellness, Experiences & Travel Top mbg Readers’ Wish Lists For 2018

In 2018, mbg readers are packing their bags. The results from our annual survey are in, and they speak to a trend that’s going global: the merging of wellness and travel. We’ve seen the tourism market turn toward wellness in recent years with brands like Westin investing in healthy hospitality, and that trend is accelerating in 2018. Lonely Planet reports that the travel industry’s fastest-growing sector is wellness tourism, which with a 10 percent rise in 2017, is now estimated as a $500 billion market. Forecasts like those by the Global Wellness Institute suggest that the…

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Education rot runs deep & wide – System collapse challenge for Nitish

Unsuccessful Intermediate students demonstrate in front of the BSEB office demanding re-evaluation of answer-papers. The students raised slogans against the chief minister, the education minister and BSEB officials. BSEB chairman Anand Kishor said students who had any doubts about their results could apply for scrutiny from June 3 to 12. Priority would be given to candidates who have cleared competitive examinations such as engineering but have performed poorly in their Intermediate, Kishor said. The scrutiny of papers for such candidates will be completed by June 30. Text by Roshan Kumar,…

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Liden & Denz opens Russian school in Siberia

The new school, Liden & Denz Irkutsk, will open this year and will offer Russian language classes. It will consist of six classrooms, and will host a total of 60 students at capacity. “Opening in Irkutsk adds Siberia, a very attractive tourist region, to our portfolio of destinations” Individual classes will be offered from April, while group classes will run in the summer period between the start of June and mid-September. The centre will be run by Swiss national, Félix Baumann, who has 15 years of experience teaching foreign languages….

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Economic Survey 2015-16 notes decline in FTAs & FEEs

The Economic Survey 2015-16 tabled in the Parliament by Finance Minister, Arun Jaitley has noted growth “deceleration” in inbound tourism into India in 2015-16 compared to the last financial year. According to Economic Survey, India’s tourism growth which was 10.2% in terms of Foreign Tourist Arrival (FTA) and 9.7% in terms of Foreign Exchange Earnings (FEE) in 2014 decelerated to 4.5% in terms of FTAs and fell by 2.8% in terms of FEEs in 2015. The reason for growth deceleration, according to the Survey is due to negative or low…

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Nepal PM urges Indian trade & industry to explore investment opportunities

Addressing business and industry leaders in Mumbai at an event organised by All India Association of Industries (AIAI), the visiting Prime Minister of Nepal, KP Sharma Oli asked Indian businesses to exploit the conducive investment atmosphere present in areas like tourism, hydropower, IT, etc. While businessmen from various countries are coming forward to come invest in Nepal, the Nepal PM said that the country is keen to have more Indian investments considering closeness of two countries and mutual progress. Exploiting the large presence of people from Bollywood including the likes…

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Hayleys Travel & Tours joins Radius Travel Network

Radius Travel announced that Hayleys Travels and Tours has joined the Radius network in Sri Lanka. Radius Travel is a global travel management company that designs and delivers programs for multinational companies through a network of best-in-market agencies. The Radius network operates across more than 80 countries and manages more than USD 23 billion of annual corporate travel spending. The Radius Global Hotel Program, featuring the world’s leading hotel brands, is one of the largest in the corporate travel market. Radius corporate offices are in Washington, DC, London, Sao Paulo…

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Brighton & Hove Albion to welcome new Aloft hotel

Starwood Hotels & Resorts has entered into a franchise agreement with Brighton & Hove Albion to open a new Aloft hotel in the popular southern England coastal city. The 150-room Aloft Brighton, which is due to open in September 2017, will expand the brand’s growing footprint to four hotels in the UK, including two in London (Aloft London Tobacco Dock opens 2018), one in Liverpool and now one in Brighton. “This agreement illustrates the strong demand for stylish, yet affordable accommodation in mature and strategically important cities such as Brighton,”…

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