Tag: INDIA

Tata Motors, two group finance firms accused of antitrust violations in India: Sources

Loknath Das

India’s competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles, according to three sources and legal documents seen by Reuters. The Competition Commission of India (CCI) is reviewing a complaint which alleges the country’s biggest seller of trucks dictated terms around the quantity and type of vehicles its former dealer in northern India – Varanasi Auto Sales – should stock. More than a dozen lawyers representing the three Tata companies attended a private hearing at…

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Aye Finance gears up for aggressive pan India expansion

Loknath Das

Aye Finance, CapitalG backed fintech lender, has announced plans for aggressive Pan-India expansion in the current fiscal. After a successful year which saw Aye reaching a milestone AUM figure of INR 1000 crores, the fintech lender will be opening 67 new branches to service the credit needs of a larger number of Indian micro enterprises. Aye has been rapidly expanding its footprint and in this round Aye is entering the new states/UT of Maharashtra, Gujarat, Bihar, Jharkhand, Chhattisgarh, Chandigarh and Himachal Pradesh along with strengthening its branch presence in the…

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UP Board Result 2019: India Today Education is hosting Class 10, 12 Results 2019, steps to download

Loknath Das

UP Board Results 2019 will be declared soon on the official website. UP Board Results 2019 can be checked directly via India Today Education at https://www.indiatoday.in/education-today/results. Although the Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) will announce the UP Board 12th and UP Board 10th result on its official website upmsp.edu.in, it might tend to crash due to the influx of candidates. This year, over 30 lakh students had registered for UP Board Class 12 Exams. This year over 58 lakh students registered themselves for the UP Board exams out of which…

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How technology plays a critical role in transforming healthcare in India

Loknath Das

Perhaps now more than any other time in our history, we are realising the importance of technology in social service delivery, and its role in enhancing the general quality of life. Growing up in India, where the majority has minimal access to basic public amenities like healthcare, one develops an appreciation for the value of enabling such technologies that assist and scale service delivery in the context of developing countries. Technology can be transformative in delivering healthcare services, where the density of doctors is one per 1,000. A strong imbalance…

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[Startup Bharat] Meet edtech startups that are taking quality education to non-metro cities across India

Loknath Das

India’s small towns and cities harbour big dreams and ambitions. But often, students from these cities are at a disadvantage as they don’t have access to the quality education their counterparts in metros do. How will experimentation and innovation flourish if students can’t build on a solid foundation of learning? Students in the metros gain from big players like Byju’s, Khan Academy, and AlmaMapper, but those in Tier II, III, and IV towns are often forced to migrate to educational hubs, including Kota and Hyderabad, or Tier I cities for their education.…

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2019 Honda Civic India review, test drive

Loknath Das

WHAT IS IT? It is the Honda Civic; and for a car that once had such a strong fan following in India, not much more introduction is necessary. Only one generation of the Civic was sold in India – the eighth-gen model, between 2006 and 2012 – and it was so impressive that we even crowned it our 2007 Autocar India Car of the Year. It wasn’t just its deftly articulated blend of space, comfort, reliability, driving pleasure and premium feel that won us over, but also just how futuristic…

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Aye Finance Raises $10 Mn To Boost Micro-Lending Portfolio In India

Loknath Das

Fintech lending company Aye Finance has raised $10 Mn (INR 71.32 Cr) in a debt funding round from global impact investment manager, responsAbility and Northern Arc, through the issuance of non-convertible debentures. This is the twelfth debt funding round raised by Aye Finance so far. The company has raised a total of $102.25 Mn (INR 727.5 Cr) as a combination of equity and debt funding since its inception in 2014.  The venture is equity funded by four venture capital funds including SAIF Partners, CapitalG, Accion International and LGT. With this…

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OnePlus 6T to launch in India first, followed by China and Europe

Loknath Das

While we’ll have to wait until the end of the month for the OnePlus 6T to go official, it won’t be much longer after that until we can actually buy one. As we reported earlier, the phone will hit China on November 5 and now we have the launch dates for Europe and India too. India will get it first – Amazon will kick the sales off on November 2 at 12:00pm local time. You can grab an INR 1,000 gift card as a sort of pre-order and you’ll get free Bullet Type-C headphones…

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How I Convince People To Shed Their Fears And Travel To India

Loknath Das

Credit: Gerald Eskenazi Sunrise Over Mumbai The first time we came back from India, I told everyone about the cows in the street in downtown Delhi. I told them about the elephant that blocked our way on what passes for a “highway.” I told them about dodging the cars (usually successfully) as we crossed a street in Mumbai. Or about the 7-year-old kids hawking souvenirs as the sun rose above the majestic Taj Mahal.  It wasn’t even 8 o’clock in the morning, and school was in. Who was taking care of…

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Fatca doesn’t prohibit NRIs from investing in mutual funds in India

Loknath Das

Photo: iStock I am an NRI and have been told that I can’t invest in mutual funds in India because of Foreign Account Tax Compliance Act (Fatca). Is that true? If yes, what is the next best option for me to invest in? —Abhay Gupta Ever since Fatca has been enforced, financial institutions outside the US have become increasingly reluctant to deal with US entities. This has also led many people to think that Fatca prohibits any transaction between US entities and non-US financial institutions. But Fatca does not prohibit NRIs from…

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