LendInvest raises $39.5M to grow its P2P property finance platform

Loknath Das

A cloud hangs over the UK housing market as the UK government stumbles slowly through its negotiations to leave the European Union. But startups that are bringing innovative twists to housing finance seem to be singing a different tune. Today, LendInvest, a peer-to-peer platform that connects property buyers in the UK with people willing to finance those purchases (bypassing traditional mortgage lending infrastructure in the process), announced that it has raised around $39.5 million (around £30.5 million) in a Series C round of funding led by existing investor Atomico, which participation also from GP Bullhound…

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Buy Reliance Home Finance; target of Rs 91: Cholamandalam Securities

Loknath Das

RELHF’s loan book grew by 26% YoY to INR 156.4bn (lower than CSEC’s estimate of 47%). However, the book declined by 4.5% sequentially. Growth in AUM came predominantly from Construction finance and individual loans segments which grew by 25% and 21% YoY respectively. The management expects its AUM to grow by 45% CAGR over FY19-21E. Self employed segment, being the niche area for the company, continued to constitute 75% of Home loan disbursements in 1QFY19. Adding to the de-growth in loan book, the company also saw a 30bps (QoQ) dip…

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Family Finance: Why Joshis have enough time to build sufficient corpus for all financial goals

Loknath Das

Early start to planning by Hyderabad-based Joshis will help them build sufficient corpus for all goals. Himanshu and Neha Joshi are IT professionals staying in Hyderabad with their four year-old child. They get a combined monthly salary of Rs 1.9 lakh and, after expenses and investment, are left with a surplus of Rs 10,108. They have already bought a house worth Rs 72 lakh, for which they are paying an EMI of Rs 45,000. They are also servicing a car loan of Rs 3.2 lakh with an EMI of Rs…

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3 Tips When Looking for Metal Coating Services

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Metal coatings can help you with everything from product protection to ease of shipping. If you’ve never hired metal coating services, however, you might be wondering where to start. How can you be sure that you’re looking at the right brands and the right services? What criteria should you use to make your final selection? Here are just a few tips if you’re trying to find good metal coating services. 1. Know What You Need Be specific about what you require for your product line. Not only will this help…

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Tata Tiago NRG: India’s CHEAPEST cross hatchback & Maruti Celerio X rival

Loknath Das

Tata Motors is all set to introduce a cross hatchback based on the Tiago, the Tiago NRG. Pictures and  details of the new car have been leaked ahead of its launch, which is said to be on the 12th of September. The Tata  Tiago NRG, like other cross hatchbacks in India, such as the Maruti Celerio X, the Ford and the Hyundai i20 Active, gets a butch styling makeover. It’s likely to be the cheapest cross hatchback in India, undercutting the Maruti Celerio X – its primary rival. The Maruti…

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Jeep Compass ‘Black Pack’ edition SUV: Coming this festive season

Loknath Das

Jeep is preparing to launch an all-black version of the Compass called the “Black Pack” edition, for the Indian market. Kevin Flynn, MD of FCA India, confirmed this to Business Standard, in an interview. Jeep is planning to launch the SUV in the all-black avatar during upcoming festive season. The Jeep Compass “Black Pack” edition will be priced around Rs. 40,000-50,000 higher than the regular variant. As the name suggests, the “Black Pack” edition of the Compass will have a blacked-out roof, wing mirrors, alloy wheels and also an all-black leather…

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Mahindra XUV700 SPIED inside out ahead of launch: To get Mercedes-Benz gearbox!

Loknath Das

Mahindra’s next big launch for the Indian car market this year is the XUV700 luxury SUV. The Mahindra XUV700 is a rebadged Ssangyong Rexton G4, and will sit in the Toyota Fortuner segment. The XUV700 badge is tentative and Mahindra is yet to officially name the upcoming SUV, which is expected to be launched by the end of this year. New spyshots show a range of features, interiors and exteriors of the India-spec Mahindra XUV700. As seen in the spyshots, the Mahindra XUV700 will feature luxurious interiors, probably the best-ever…

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Tips to Choosing the Best Font for Your Website

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The fonts you use on your website can go a long way in setting the tone for your visitors and establishing your branding. Thoughtfully choosing the fonts for your designs and the text on your website will set you apart from the countless websites using default fonts and typography. Fonts can help set the mood and tone by emphasizing the meaning of your text. Read on to discover how to choose the best fonts for your particular website. Setting the Tone of Your Website with Fonts  You can use fonts…

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Car Review: Last year for the high performance Cadillac ATS-V sedan

Loknath Das

WASHINGTON — Small luxury sedans are a tough sell these days, and the Cadillac ATS sedan is no different. So this year will be the last year for this fun-to-drive car. The ATS has a special version called the ATS-V, a sports car with four doors. What sets apart the V series ATS is a twin turbo V6 with 464 hp, and it really makes this small sedan fly. It might not sound as good an Alfa V6 but you can get into some serious trouble if you’re not careful….

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2019 Jeep Cherokee Makes Our Top 5 Car Reviews This Week

Loknath Das

2019 Jeep Cherokee Cars.com photo by Christian Lantry Newcomers to our top five most-read reviews since last week include the 2018 Ford Expedition and the returning 2019 Jeep Cherokee — the latter of which Cars.com has just a bit of a history with. Four years ago, we bought a then-all-new 2014 Jeep Cherokee as a second vehicle for our long-term test fleet, and like so many long-term relationships, we were better off when it ended and vowed to never subject ourselves to that again. And while Cars.com reviewer Joe Wiesenfelder didn’t exactly have a change of heart,…

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