The next time you’re daydreaming at work, think about the tasks you’ve performed that day. Be honest with yourself about what parts of them have involved skills that you think are unique to human cognition: Empathy, maybe? Creative, nonlinear thinking? Sure. But putting things in a spreadsheet? A robot could do that. Building something? A robot could definitely do that, too. And then remember, the robots don’t stop to daydream. advertisement advertisement In 2015, the pace of automation increased dramatically. The looming promise–and peril–of self-driving cars was the catalyst for much of this attention. And, indeed, that may be the form of automation that initially upends the American landscape. For many people, it will mean a break from boring commutes and an end to the scourge of car-related deaths (which kill as many people as breast cancer or guns in any given year). But there is another side to the story. Just ask the truck drivers: Because … [Read more...] about Don’t Kid Yourself, A Robot Could Do Your Job: 2015 In Automation
Diversified conglomerate Wadia Group's budget carrier GoAir has now revived plans for an initial public offering as it looks to raise capital, six independent sources with knowledge of the matter told Moneycontrol."GoAir is back in the market and is in talks with investment banks like Citi and Morgan Stanley as well as law firms and will soon finalise its advisors. It is keen on an initial public offer as part of which it plans to raise between Rs 1,728-2,074 crore, though a final call has not been taken on the issue size as the discussions are at a preliminary stage," said one of the sources.Current market leader IndiGo's public offering in October 2015 was the last IPO in the Indian aviation sector and the company's share price has doubled since then.Close The current state of the Indian aviation market is one of the reasons GoAir wants to list itself on the bourses. related news Here’s a look at Healofy – a social networking platform only for women Retain … [Read more...] about Exclusive | Wadia Group-controlled GoAir revives IPO plans; looks to raise Rs 1,728-2,074 crore
Highlights:- Emami raises Rs 1,600 crore from a 10 percent stake sale- Funds to be utilised for debt repayment- A significant portion of pledge shares to be released- The deal potentially takes away a major investor concern on FMCG businessIn an effort to pare debt at the group level, Emami group has announced the sale of 10 percent stake in Emami Limited helping it raise Rs 1,600 crores. Though earlier media speculation suggested a structured credit deal with the US private equity firm KKR, Emami group has instead gone for an equity deal with SBI Mutual Fund, PremjiInvest, Amundi, IDFC, L&T Mutual Fund. Proceeds from the stake sale will be used to reduce promoter debt raised for the group’s other businesses such as cement, solar power and others.Close Background related news Bayer CropScience Q2 profit up slightly at Rs 169.8 crore Viacom18 launches multi-format kids app VOOT Kids Exclusive | 10 years on: How govt's Rs 600cr vaccine complex failed to take-off Over … [Read more...] about First Cut | Emami’s stake sale to alleviate key investor concern, re-rate FMCG business
HDFC Bank recently introduced custom-fit features on its car loan offering. Titled '#AapkeHisaabSe', the scheme increases car affordability through step-up and bullet repayment options. This feature is especially attractive for young customers in their initial years of employment and expecting strong income growth over the next few years. The scheme is available on all categories of cars from standard to premium.But does it benefit the customer? Read on to know.What is the scheme all about?Close We all know when we take a car loan, we need to repay the loan in instalments, commonly referred to as the equated monthly instalments (EMI) mode of repayment. Under a standard car loan scheme, the eligibility is calculated based on current income of the borrower who then continues to pay an EMI for the entire tenure of the loan. Through its scheme, HDFC Bank gives customers two options for repayment -- Step-up repayment and bullet (balloon) repayment. related news … [Read more...] about ‘#AapkeHisaabSe’: HDFC Bank’s car loan repayment scheme. Worth it or a gimmick?
In 2014, peer-to-peer (P2P) lending commenced and final regulation on the same was announced by the Reserve Bank of India (RBI) in October 2017. They came with complete guidelines on how P2P lending will operate. Basically, the platform connects a borrower with a lender. They provide an end-to-end digital platform to execute, manage and completely close the loan life cycle.Ajit Kumar, Founder and CEO of P2P lending firm, RupeeCircle, talks about securing an NBFC-P2P licence from RBI, its guidelines and regulations, risks of lending on P2P platforms, the key factors lenders must check before registering on a P2P lending platforms and more.Edited excerptsClose Q: RBI has recently issued a non-banking financial company (NBFC)-P2P licence to RupeeCircle. According to RBI, how many lenders are registered in the NBFC-P2P category? Also, how does it benefit your organisation, borrowers and lenders?A: As of now over 10 NBFC-P2P companies have received a licence … [Read more...] about P2P lending still a nascent concept given the huge demand for consumer credit: RupeeCircle’s Ajit Kumar