The best way to deal with a financial crisis is by borrowing from external sources. Many banks and Non-Banking Financial Companies [NBFCs] offer loans at competitive interest rates and flexible repayment schemes. Due to the numerous features and benefits offered, loans have become a popular option among the masses.
An increasing number of individuals are now opting for personal loans. Such loans, also known as unsecured loans, are obtained without the need for collateral. You are required to repay the principal amount along with the specified interest over a period of time, known as the tenure. The installments paid over the loan tenure are known as Equated Monthly Installments [EMIs].
Following are some basic features and benefits of an unsecured loan.
High borrowing amount
Flexible repayment options
Competitive interest rates
Quick loan disbursal
Uses of an unsecured loan
Banks and NBFCs do not question the purpose of borrowing such a loan and hence you may use a personal loan for any purpose you seem fit. You may use the amount received to cover emergency medical expenses or may use it to cover your wedding expenses. You may also use such a loan to pursue your further education, to cover expenses related to a domestic or international holiday, to consolidate debt, or to renovate your home, among others. Such a loan is also useful for repairing your vehicle, making down payment for a new home, or for starting a new business venture.
The eligibility criteria for applying for such a loan vary from lender to lender. However, the basic criteria remain the same. Applicants need to be Indian residents and in the age group of 21 to 58 years. Applicants may be employed at public companies, Multi-National Companies [MNCs], or private companies. It is also mandatory to have a basic educational qualification, that of a graduate. Financial institutions also require applicants to have a minimum net monthly salary, say around INR 20,000, with a minimum work experience of one year.
Upon fulfilling the eligibility criteria, you may submit your application at the bank of your choice. Along with the application form, it is necessary to provide supporting documents such as identity proof, residence proof, age proof, signature proof, photograph, and ownership proof. Banks also mandate the submission of income details and bank account statements. You may display the originals for verification and may submit self-attested copies.
A personal loan offers relief from your cash crunch. Instead of tapping into your life savings, you may borrow such a loan to cover contingencies or any other financial obligation. By doing so, you may meet your expenses without any financial strain. You may systematically repay your EMIs and budget your finances accordingly.
COMIO Smartphone, India’s emerging mid-segment brand, recognized as ‘The Most Promising Brand‘ by The Economic Times is all set to conquer the market with the launch of its flagship smartphone, the COMIO X1 Note. Competitively priced at INR 9,999, the X1 Note boasts of flawless slim ID design with a stylish mirror finish back cover in two colour variants- royal blue and sunrise gold. With the launch of the COMIO X1 Note, the brand will be available pan-India.
The device has a dual rear camera with 13MP + 5MP AF with Flash and front camera with 8MP. A photographer’s delight, the handset comes bundled with a set of camera modes like portrait/ bokeh, beauty, panorama, social and night mode. Designed to enjoy high definition to the fullest, the smartphone comes with a 6-inch full view FHD+ 2.5D curved display. The 4G-VoLTE dual SIM smartphone is powered by a 1.45 GHz quad-core processor and has a 2,900 mAh battery.
We are excited to announce the launch of COMIO X1 Note as it marks our expansion into a pan-India brand. The response we have received from our consumers, retailers and distributors has been tremendous, encouraging us to deliver a product such as COMIO X1 Note, which is one of the best offerings from the brand in the sub-10,000 price segment.
The COMIO X1 Note provides an integrated solution comprising of advanced camera quality, better speed, security features, stylish design and value-added services all-in-one, ensuring an enhanced user experience.
Features of COMIO X1 Note
Android O – Android Oreo picture-in-picture [multiple apps], smarter battery, 2x faster interface, over 60 new emojis
A smarter way to unlock your smartphone with Face Unlock feature
Secure your smartphone the smartest way with the Intruder Selfie feature
Explore magic with the Finger Print sensor: pick calls, unlock device in 0.15 seconds, click pictures, access apps
More memory, more space, more fun – 3 GB RAM + 32 GB ROM, expandable upto 128 GB
Never miss a buzz with a Notification LED, nor your favourite conversations with Auto Call Recording feature and Auto Call Back Reminder
Personalise your smartphone your way with the Dual Account app
Font Application feature with access different stylish fonts and supported with 22 regional languages
Pop-up touch featureallows user to use the apps with less number of clicks
WPS Officeapp to view all kind of documents with ease
COMIO support – Specially designed after-sales support comprising of 1 year + 100 days warranty, one-time screen breakage warranty, 30-day replacement, a special buy back and upgrade offer allowing you to upgrade your old smartphone. The COMIO upgrade offer allows you an assured 40% return on your old COMIO phone [not more than 12 months old] which will be given if you want to upgrade you existing COMIO phone. Applicable through Comio only.
Indian Influencer Marketing company, Chatterbox, has unveiled its latest technology-backed solution with Chtrbox. With advanced Machine Learning, smart-data driven influencer-search, proprietary matching algorithms, gamified mission modules, real-time performance tracking & more, Chtrbox now offers complete end-to-end solutions that make Influencer Marketing more automated, intelligent & cost effective for brands & agencies.
Today, brands are shooting in the dark when it comes to knowing which influencers to tap. Influencer marketing is the fastest growing marketing approach being favored by brands, but a majority of brand budgets for it are not spent efficiently. There is a rising class of new influencers, from which there is very little past performance-data.
While the Chatterbox team helps brands craft their influencer strategy, the Chtrbox platform now offers brands over 150K mega to micro influencers with deep data to make the right selection, enables push-campaigns and missions to relevant influencers to get their word out & get the biggest bang for their buck.
Speaking on the launch, Pranay Swarup, Co-Founder & CEO, Chatterbox stated
While brands leverage the human intelligence & authentic chatter of social media influencers, Chtrbox.com leverages artificial intelligence at its very best to ensure brands find the right influencers first. With the rise of social media content consumption in India, Chtrbox.com’s access to 150,000+ influencers with a cumulative followership of 3.5 billion is all set to further elevate the emerging industry.
Chtrbox.com’s engine has analysed more than 24 million content pieces by top & emerging influencers, across categories & geographies. For each content piece, our proprietary technology allocates a unique score basis its context & performance, generating every influencer’s Social Media Value. This helps identify the relevant influencers with the best ROI.
Influencer marketing is nothing but Word of Mouth 2.0 in our digitally advanced & ever-so-connected world. Today it’s not just a celebrity, but a social media star, your college mates, colleagues & family members that you listen to the most. Chtrbox.com helps brands & agencies construct & optimize this very piece, and let’s data validate gut-calls.
Chatterbox has been set up by Roshan Abbas [MD, Encompass], Gaurav Kapur [Media Personality], Rohit Raj & Varun Duggirala [Founders of the Glitch, now part of WPP] & Pranay Swarup [previously, Co-founder of Letsintern.com], with this aim to combine the power of people & technology to build a data-led storytelling solution for brands. Chatterbox has already managed successful campaigns for 52 of India’s top brands, such as P&G, Flipkart, Hike, Nokia, Godrej, OnePlus, Puma, and Reliance. For more information, please visit Chtrbox
Started in early 2015, Milkbasket revolutionized the online grocery space by introducing an early morning, contactless, micro-delivery model akin to the prevalent newspaper and milk supply chain models in India. Starting with milk and breakfast products, Milkbasket today fulfills the entire grocery needs of a household with a reach of over 40,000 households in 180+ communities in Gurgaon.
Commenting on the investment, Vani Kola, MD at Kalaari Capital said
Strong founding team, focus towards data-based decision making, operational rigor, and incessant focus on customer delight, backed by a large market opportunity in the grocery space culminated into us leading a $7M Series A round into Milkbasket.
The company is going to use these funds for further innovations in supply chain efficiencies and last mile logistics, creation of unique customer propositions and delivering exceptional customer experience, and expand into other geographies while penetrating deeper in existing communities.
Our investment in Milkbasket provides us with meaningful participation in one of the fastest growing e-grocery markets globally. We are excited to partner with one of India’s best grocery delivery platforms and believe that this investment will accelerate their ability to build scale in India.
Three unique attributes of Milkbasket that impressed us were; a great founder with a solid team and great execution; a user friendly service suitable for Indian local habits; and highly frequent consumer touch points. Milkbasket instigates a sense of community among users, and there is no doubt that they will become the daily habit of India in a few years.
Founded by INSEAD alumnus Anant Goel with his co-founders Ashish Goel, Anurag Jain and Yatish Talvadia, Milkbasket operates with a full stack in-house supply chain model, achieved positive unit economics within first six months of inception and have introduced industry’s first flexi-ordering till midnight, delivery by 7:00 AM, no minimum order and free delivery model.
Speaking on the funding, Anant Goel, CEO at Milkbasket said
We are very excited to have Kalaari and BeeNext join us in the journey to crack the online grocery space in a sustainable manner. This funding will help us to continue investing in the 3Ts that we hold close to our hearts – Talent, Technology and Territory, and in achieving our vision to create the most convenient grocery fulfilment model for today’s busy households.
Launched in early 2015, Milkbasket is India’s first and largest grocery delivery service. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket is today fulfilling the entire grocery needs of a household everyday before 7:00 a.m. To enable frequent and friction-less buying, Milkbasket has innovated micro delivery, flexi-ordering and contactless delivery – all a first in the e-commerce industry – and favorites of Milkbasket customers.
With a daily reach to over 40,000 households, Milkbasket’s vision is to become the default mom & pop shop for over a million households in the next 3~5 years. Having achieved positive unit economics within the first six months of the launch, Milkbasket is the most capital efficient model in the online grocery space as compared to its domestic and global peers. For more information, please visit MilkBasket
GoDaddy Inc., the world’s largest cloud platform dedicated to small, independent ventures, today announced its lead sponsorship for the upcoming CloudFest Conference, the largest domain name conference, being held in Mumbai on May 23, 2018. The sponsorship reinforces GoDaddy’s ongoing commitment to support the growth of its partners – web professionals and local re-sellers in India – by providing them with the right online tools, platform and solutions to manage their businesses.
The event will feature two sessions from GoDaddy leaders, including Chief Product Officer Steven Aldrich and Nikhil Arora, Managing Director and Vice President, GoDaddy India. Steven will present an opening keynote on how independent ventures drive global employment and ways in which GoDaddy can help support them with their online presence. This will be followed by Nikhil’s knowledge session titled Fall in love with your customer’s problem in discussions with GoDaddy customers.
Nikhil Arora, Managing Director and Vice President – GoDaddy India, said
Our association with CloudFest is very important to GoDaddy, enabling us to enhance our engagement with our partner community across India. It is the perfect place for us to showcase our new products and platform improvements with attendees, all of whom contribute to helping entrepreneurs, small business owners and individuals grow their ventures online. We look forward to meeting and working closely with them as we look to scale our business in Tier 2 cities with joint programs and campaigns, continuing to support the country’s growing Internet ecosystem.
At the conference, GoDaddy will launch its latest Virtual Private Server product, a fast, scalable and secure hosting solution, perfect for rapidly growing web applications. VPS hosting gives web pros more control over their hosting solutions, allowing them to get online quickly and to better serve their customers.
GoDaddy will also have a booth showcasing products and conducting live demos by experts to help educate partners and customers about its innovative tools and services. GoDaddy will also announce key new additions to its existing partner platforms [Pro & Reseller platforms], helping them better interact with, and service clients.
Ather Energy announced the launch of their charging infrastructure for Electric Vehicles [EVs], AtherGrid, which is open to all EVs. The company, known for their intelligent, electric scooter S340, has begun installations of the intelligent and connected charging stations across the city of Bengaluru. Thirty charging points will be set up by the end of May 2018. By the end of the year, sixty charging points will be available in Bengaluru.
With this, there will be a charging station within 4 km driving distance from any point in the city. This is the largest charging infrastructure effort in an Indian city. Installed at malls, cafes, restaurants, tech parks, multiplexes and gyms, they have been selected to cater to both, four wheelers and two wheelers. For this, Ather has partnered with host locations, who have installed Points pro-bono at their premises to offer a convenient experience for all EV owners in the city.
To improve EV ownership experience and increase adoption, AtherGrid and its accompanying app will be offered for free for the next 6 months to all electric vehicle owners. Using cloud connectivity, consumers can find the nearest Point available and navigate to the charging location using the app. Remotely monitoring charge status and integrated payment options offers EV owners a seamless charging experience.
Commenting on the launch, Tarun Mehta, Co-founder and CEO, Ather Energy said
Electric vehicles cannot become a viable alternative without making charging infrastructure availability a greater priority. It is critical for us to make public charging convenient and accessible. This is an important step towards increased adoption and acceptance of electric vehicles and in the long run will have a positive effect on the cost of the vehicles themselves.
The number of entrepreneurs and businesses that have come aboard to be a part of AtherGrid is also a testament to the future of electric vehicles. As we prepare ourselves for the launch of the Ather S340, Bengaluru was a natural choice to be the home city for AtherGrid. Range anxiety and the inconvenience associated with charging will not be a deterrent to adoption, as the industry grows.
Ather’s Points have been designed and manufactured in India, keeping in mind the needs of the domestic power grid. Safety features ensure that electricity is drawn only when connected to a vehicle and protects vehicles from overcharging with auto power cut off. Electric vehicles will be protected from under-voltage, over-voltage and over-current. And with an IP55 rated body it is safe to use in any weather.
About Ather Energy
Co-founded in 2013 by IIT graduates – Tarun Mehta and Swapnil Jain, Ather Energy is one the few hardware startups in India. The company designing India’s first truly intelligent electric scooter and is backed by the founders of Flipkart, Tiger Global and Hero Motocorp.
Designed from scratch, the S340 is customized to Indian conditions and riding sensibilities. A top speed of 72 kmph, a range of up to 60 km and an acceleration of 0-40 kmph in 7.3 sec, it’s perfectly designed for the stop and go city ride. Equipped with a 7″ interactive dashboard and an integrated app, it allows for the never-before features like onboard navigation, remote diagnostics and over the air updates for future improvements. What completes the experience is the comprehensive public charging infrastructure being built by Ather Energy, starting with Bangalore followed by Chennai and Pune. For more information, please visit Ather Energy
India is a very unique country and the thing that makes us unique is the diversified culture, variety of languages, dishes that are unique to each part of India and much more. Irrespective of the place that we belong to, one thing that binds us together is the ‘Gentleman’s Game’, also called as Cricket. The game, as well as the rules, have undergone a significant amount of transformation with the advent of technology and wide-spread interest in the shorter format of the game. In the good old days, cricketers used to play more Test matches than One-day internationals.
Fast forward now, T20 which is a 20-over game has drawn more crowd in the stadiums. One of the primary reasons for the popularity of T20 can be attributed to the explosive nature of cricket played by the teams, where players enjoy playing big shots and spectators love watching them 🙂
When we talk about T20, one tournament that we cannot forget to mention is the iconic ‘Indian Premier League‘ or ‘IPL‘. The first match of IPL was played way back in 2008 and every year its popularity keeps rising. Due to IPL, a lot of domestic and upcoming cricketers get an opportunity to showcase their talent and play alongside international players. There is a huge viewership for IPL matches, be it the league matches/playoffs/eliminators. Due to these reasons, brands love to get associated with IPL through sponsorship’s, partnerships, etc. Along with Print Media; Digital Media has also played a vital role to keep the audience hooked onto the IPL.
When we talk about IPL, how can we forget those iconic Zoo-Zoos by Vodafone that became darling of the audience. Vodafone is one brand that is associated with IPL for a long time. Vodafone also came up with an engaging & rewarding contest during the 2014 edition of IPL called ‘Vodafone SuperFan Contest!‘.
It is IPL time once again and though this time, Vodafone is not one of the main sponsors of the event, they are still associated with Fans as ‘Unofficial Sponsor of Fans‘. Being an ‘Unofficial Sponsor’, Vodafone team came up with an innovative concept of ‘Vodafone Happy To Help‘ Bus. The ‘Vodafone Happy To Help’ bus is a special bus designed to help fans who wish to commute to the stadium for the match. This Bus will pick them at the designated route and drop them at the stadium.
Vodafone – ‘Happy To Help’ bus
The Bus was designed to fly from various part of the city during the matches played in Bengaluru.
This specially branded ‘Happy To Help’ bus picks up fans from designed locations announced on Radio Station, 2~3 days prior to a Bengaluru match.
On the day of the match the Radio Jockey’s join fans during the transit, they could stand a chance to win goodies from Vodafone. They also get a chance to go On-Air and support team Bengaluru.
The best part of this campaign is that Fans [who might not be Vodafone customers] can hop onto the bus and stand a chance to win fabulous goodies on their way to the stadium. It is a great way to build brand recall outside the stadium as Vodafone is not the official sponsor of IPL 2018.
Vodafone – Our ‘Happy To Help’ bus experience
We watched the Bengaluru v/s Hyderabad match on 17th May, 2018 and we boarded the ‘Vodafone Happy To Help’ bus to reach the Chinnaswamy Stadium. We were greeted with some executives from Vodafone and all the Fans in the bus had a great time interacting with RJ Prithvi from Fever 104 FM. In order to keep the fans engaged, the charismatic RJ tested the audience’s IPL knowledge. Every Fan won goodies from Vodafone. Fans also got a chance to go On-Air and it was a very delightful experience for each one of us on the bus. Amongst the political chaos in Bengaluru, the bus still managed to reach the stadium before-time inspite of taking the Ulsoor -> Indiranagar -> Marathalli -> Stadium route.
The engagement level of the offline campaign was very high where they witnessed 1000+ Fans engagement in a span of three hours. The ‘Happy To Help’ bus was operational on 25th April, 29th April, 1st May & 17th May and on each of these days, close to 170+ Fans were dropped at the stadium for the match during the Bengaluru matches. There was a great radio reach during the activity days since Radio is still considered mass-entertainment medium and is widely listened by various strata of the society. Below are some of the pictures where Fans can be seen alongside RJ Prithvi & Vodafone team
This was our experience with the Vodafone ‘Happy to Help’ bus where Vodafone was successful in creating a lasting impression in the minds of the current and prospective Vodafone customers, including the Fans!
Our lives have become connected with the digital world in many ways. Those of us that lived through the advent of personal computing, the internet, or cellular phones know how these technological advancements have changed our lives forever. Blockchain technology, the underlying architecture behind crypto-currencies is quickly changing the way we do business.
‘Due diligence’ is highly recommended these days and rightfully so. Hundreds of digital currencies have failed to stand the test of time, and it’s fair to say speculation has been a monumental issue. Misinformation is something to be wary of, and it’s found in abundance. Speculation contributes to an existing issue with cryptos – High Volatility.
Unfortunately speculation has serious effects on market prices. Press releases and market conditions result in investors trading according to what they believe will profit them sooner rather than later. The fluctuation of coin prices has prompted handling cryptocurrencies like a stock or asset, instead of treating them as a currency. With some saving accounts netting below zero interest rates these days, more people have begun exploring crypto as a short term investment.
Many people in this space have been day trading, since many cryptocurrencies experience sudden unpredictable changes in their value. This is a huge problem, as the value of ANY currency is dependent on the stability of its purchasing power. Such high levels of inflation or deflation in a currency effectively make them cumbersome as mediums of exchange.
How could either party in a transaction choose the correct price if the value of the money being used is always fluctuating?? They can’t.
Crypto investors can move large amounts of money very freely, and in an instant media reports can influence prices. The ability of coin projects to consume limitless speculative money, and the subsequent trading, stamps most digital currencies as questionable exchange tools. This won’t be the case in the future.
A centralized peg is fixing the value of a currency to the value of another currency, multiple currencies [basket], or something else of value. Many attempts to peg cryptos directly to FIAT, assets, or commodities have been unsuccessful.
Pegging to FIAT requires a coin project to hold the same amount of FIAT in reserve as issued crypto. This is difficult as external factors can diminish coin value relative to the FIAT in reserves, making the peg fail. Investors know that if a coin has a traditional centralized peg, there isn’t profit to be made buying and selling that currency.
When cryptocurrencies are converted back to FIAT, depending on the situation the options can be limited and expensive. If not using peer-to-peer solutions, investors are subject to the fees and regulations of the centralized exchanges that they are using, so a centralized hard peg to fiat is not optimal in the decentralized environment that cryptocurrencies bring.
Pegs have previously been broken by system hacks that reduce the perceived security and value of coin projects, but more concretely the centralized company that manages this centralized peg can be shutdown by governments, can decide to shutdown/run away, or can become insolvable. Centralized pegs also tie digital currencies to the actions of the institutions controlling the FIAT, such as governments and central banks. This centralization is typical of some cryptocurrencies, including those in development by national banks.
How will cryptocurrencies be stabilized in the future then?
Based on the voting results, a fraction of everyone’s Bay is temporarily frozen in reserve, leaving fewer $BAY liquid. This increases the liquid supply’s value, and conversely the voting can result in unfreezing the reserve decreasing the value of the liquid coins relative to the amount of reserve that is becoming liquid. The frozen coins can still be traded or sold, however a time lock is coded to delay the transfer until that specific period of time is over, which is one month. This dynamic peg is unique as it allows $BAY to be used as a stable medium of exchange, eliminating value concerns during the transaction process. A decentralized way to protect the $BAY currency from high volatility, hence profiting from stability, but in the long term the free market remains so the price can grow upwards.
Here’s a question that has the crypto community holding the edge of their seats
How are digital currencies going to be regulated ?
There are serious concerns how regulation could limit the effectiveness and anonymity of cryptocurrencies.This topic is quite complicated as international use and trade standards haven’t been established for this asset class.
In the United States, the Securities and Exchange Commission [SEC] has been actively seeking new ways to regulate this sector of the economy. Initially, federal agenciesdid NOT have the authority to request customer registration, transaction reports, or compliance with security checks. However the SEC has now defined most cryptocurrencies as securities or digital assets. Based on their own set of guidelines for securities, the SEC now subjects cryptocurrency exchanges to all applicable laws as well.
One of the few legal exchanges in the US, Coinbase is now required to follow the Bank Secrecy Act [BSA] among other laws. The BSA requires customer identities and transactions to be recorded.
Does that sound decentralized or anonymous ?
Some countries have even taken regulation a step further. The cryptocurrency market in South Korea is believed to be among the top in the world, but the government has already banned ICO’s and anonymous trading on centralized exchanges. Their primary goal was to hamper speculation not the market, and to prevent money laundering related crimes.
Meanwhile China has banned ICO’s and domestic exchanges as well, purportedly with plans on creating national cryptocurrency. The plan is said to digitize assets in a manner that reliably upholds accountability and standardizes blockchain use within China’s economy. More countries are expected to create national cryptos once the technology is further developed and proven. If nations create their own cryptocurrency they will be subject to all related federal regulations.
If national cryptocurrencies are happening, how will cryptocurrencies remain decentralized ?
Obviously the goal of cryptocurrencies is decentralization & monetary freedom for the people, by the people. If states create their own cryptocurrencies people will still be attracted to truly decentralized cryptocurrencies that are not manipulated by governments, especially as these cryptocurrencies were the first to establish themselves. Although it is needed to say that decentralized exchanges are also an important factor in the perennity of decentralized cryptocurrencies.
For fiat to crypto gateways the most commonly used are centralized exchanges, but there are already peer-to-peer solutions like Bitbay marketplace & websites like locabitcoins or localmonero. Decentralization of exchanges would allow things like atomic swaps for cross-blockchain trading – a swap between two different blockchains, notably using two trustless contracts, which would permit traders to trade without middlemen nor centralized control & risk.
Evolution of Markets
Blockchain technology and cryptography has created an avenue for any information to be shared privately, securely, and on the cheap. One key element is the removal of intermediaries that normally create lag and add expense to transactions.
People in impoverished or dictatorial areas need ways of sending money nationally & internationally. Family members have to pay large fees to banks or wire transfer companies. There are people living in areas where credit agencies and electronic payment systems are unavailable. This limits national or international economic connectivity through decreased market participation and access. Cryptocurrencies will eliminate the cost and liquidity problems in these situations, having positive social implications for those that have the most to gain from market access.
Contracting platforms like BitBay’s Markets Client allow users to buy, sell, trade, and create smart contracts. Beyond use for purchases, our marketplace has the ability to enforce smart contracts without intermediaries. Using a double deposit escrow system, all parties are motivated to act honestly, making business deals safer.
With BitBay, honesty is incentivized.
The accountability built into the smart contracting systems will eliminate intermediary roles and counterparty risk, streamlining the flow of information. We see so much market consolidation these days, large organizations and governments are two places where bureaucracy is detrimental. Fiduciaries and government bureaucrats will be less needed when blockchain technology develops further. Cryptocurrencies will redesign various institutions from the inside out.
Note : The article was originally published here and has been reproduced with the company’s & author’s consent.