Tag: INDIA

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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Oppo Find X With Stealth Camera Unveiled in India, Price in India Is Rs. 59,990: Event Highlights

Loknath Das

Oppo Find X price in India will pit it against iPhone 8 and Samsung Galaxy S9 HIGHLIGHTS Oppo Find X price in India is Rs. 59,990 The smartphone’s USP is the narrow bezel display and pop-up camera It also has 3D facial scanning, Snapdragon 845 SoC, 8GB RAM The Oppo Find X India launch event has started, bringing the bezel-less smartphone with motorised camera a step closer to fans in the country. Rishabh Srivastava, Product Manager, Oppo has taken the stage to highlight the top features of the new Find X smartphone. Oppo…

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Vivo Nex S Price in India Spotted on Amazon, Will Be Called Vivo Nex: Report

Loknath Das

HIGHLIGHTS A report claims to show the Vivo Nex S price and availability Only the flagship Vivo Nex S is expected to arrive in India There might be a Rs. 5,000 exchange discount Vivo Nex S is all set to launch in India at an event slated for July 19. With a pop-up selfie camera and 91.24 percent screen-to-body ratio, the Vivo Nex-Series was introduced in China in June 2018, with the Nex A and Nex S models. While the official invite did not explicitly which variant would be coming to the Indian market, a new development…

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Facelifted Honda Jazz all set to challenge Maruti Baleno & Hyundai i20 Elite in India

Loknath Das

Honda is set to launch a facelifted version of the Jazz premium hatchback to take on hot sellers in the segment, such as the Maruti Baleno and the Hyundai Elite i20. While both the Maruti Baleno and Hyundai Elite i20 clock over 10,000 units each in sales every month, the Honda Jazz is a distant third in the premium hatchback segment, with average sales of less than 3,000 units each month. To make the car more appealing to prospective buyers and boost sales, Honda is lining up the facelifted version….

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Samsung Galaxy On6 India Launch Expected Today

Loknath Das

HIGHLIGHTS New Flipkart-exclusive Samsung phone to be revealed at 12:30pm It will be exclusively available via Flipkart Price of the Galaxy On6 is expected to be around Rs. 15,000 Samsung Galaxy On6, the company’s rumoured next smartphone in its mid-range On series, is all expected to launch in India today, exclusively via Flipkart. The Samsung Galaxy On6 had been tipped in a couple of reports citing industry sources recently, and Flipkart began teasing the launch of a Samsung smartphone earlier this week, setting a launch date of 12:30pm IST on…

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2018 Audi Q5 petrol India review, test drive

Loknath Das

What is it? With petrol-powered cars making a comeback in the luxury segments, Audi announced a renewed focus on petrol cars in India, some time ago. Last year, India got the Q7 with a petrol engine; and now it’s the Q5 that the brand has made available with the petrol engine on offer. The engine in question is the same 2.0-litre turbo-petrol motor that produces a strong 252hp in the Q7. Interestingly, this Q5 45 TFSI-badged petrol makes 62hp more than the only Q5 on sale up until now –…

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Why India needs a new higher education regulator

Loknath Das

The Union ministry of human resource development (MHRD) on Wednesday released a draft Act to replace the University Grants Commission (UGC) with a new regulator for the critical higher education sector. The regulator — Higher Education Commission of India — will focus on the quality of institutions. The the job of financial grant distribution, earlier with the commission, will now come under the ministry’s purview. This decision of transferring financial powers to the MHRD has upset some. On Thursday, the Delhi University Teachers’ Association said it will result in an…

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