Personal loans are great instruments to help you cope with unforeseen financial emergencies. Nowadays, getting online personal loan approval is easy, as the lender sanctions the loan to the borrower in just a few hours. However, the criteria for personal loan eligibility varies from person to person and depends on the past repayment record as it is an unsecured loan. Similarly, a successful settlement boosts your credit score and significantly improves your creditworthiness for further emergency loans. Continue reading to know the various factors that affect loan approval in 2023. 9 Personal Habits for Easy Loan Approval in India To ensure that you receive personal loan deals at attractive interest rates in future, keep the following principles in mind: 1. Keep a Short Repayment Period Read More Most people take EMI payments of personal loans very casually as they do not have anything at stake. Unfortunately, such behaviour leads to progressive interest accrual … [Read more...] about Factors That Decide Your Instant Personal Loan Approval in 2023
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Westlife Foodworld appoints Saurabh Bhudolia as CFO; stock gains
Westlife Development (Image: westlife.co.in) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of Westlife Foodworld gained over 4% on January 24 intraday after the company announced the appointment of Saurabh Bhudolia as its chief financial officer (CFO) . Saurabh is a chartered accountant (CA) with experience of over 15 years across manufacturing in India, New Zealand, and Singapore (steel, FMCG, beverage, and retail), the company said in a statement to the stock exchanges. Over the years, his areas of expertise have included accounting, budgeting, costing, treasury, taxation, project finance, financial reporting, business partnering, mergers and acquisitions, industrial relations, and funding. To ensure the company's financial success, Saurabh will oversee all aspects of financial management and strategy. His new … [Read more...] about Westlife Foodworld appoints Saurabh Bhudolia as CFO; stock gains
Westlife eyes almost 3-fold sales growth in next 5 yrs, to add 300 McDonald’s restaurants by 2027
Representative Image Westlife Foodworld, the master franchisee of McDonald's restaurants for West and South India, is looking for an almost three-fold jump in sales up to Rs 4,500 crore in the next five years by 2027, mainly on the back of network expansion, omnichannel approach, according to company officials. As part of network expansion, Westlife Foodworld will add around 300 McDonald's restaurants in the next five years, in which 60 per cent of the new stores are likely to be in the southern region and the rest in the western zone, said the company in its 'Vision 2027'. The company, which through its subsidiary Hardcastle Restaurants operates 337 McDonald's restaurants (as of September 30, 2022), has already commenced the work on the next 200 stores. "Westlife Foodworld's vision 2027 is strategic guidance for our road ahead. We see doubling our sales to (Rs) 40-45 billion in the next 5 years on the back of adding around 300 restaurants by 2027," said Westlife Foodworld … [Read more...] about Westlife eyes almost 3-fold sales growth in next 5 yrs, to add 300 McDonald’s restaurants by 2027
IndiGo launches Super 6E fare system on 14 international routes
The video from the IndiGo flight is now viral. (Image: Screengrab from video @govindsharma5906/Instagram) IndiGo has launched Super 6E flights to Colombo, Kuala Lumpur, Dammam, Jeddah, Bangkok, Hong Kong, Kuwait, Doha, Hanoi, Ho Chi Minh, Vietnam, Male, Kathmandu, and Riyadh. With these additions, IndiGo now offers Super 6E fares on flights to 23 international destinations. The airline launched this service on flights to Dubai, Sharjah, Abu Dhabi, Ras Al Khaimah, Singapore, Istanbul, Dhaka, Muscat, and Bahrain last year. A Super 6E fare for international routes includes an extra 10kg of baggage allowance, the option to select a seat, including an XL seat, a meal/snack combo of your choice, priority check-in and luggage collection on arrival, anytime boarding, baggage protection against delays and losses, a reduced change fee and cancellation fee, and no convenience fee. "IndiGo is constantly looking to innovate and offer a seamless and hassle-free travel experience for … [Read more...] about IndiGo launches Super 6E fare system on 14 international routes
MC Explains | Air India’s new system to identify drunk passengers
Air India reviewed its inflight alcohol service policy on January 24 and made some adjustments after embarrassing onboard incidents that triggered fines and public anger. As part of the review, the airline said it will adopt the US National Restaurant Association’s traffic light system to tactfully refuse alcohol to passengers if they seem to be at risk of behaving inappropriately. What is the National Restaurant Association’s traffic light system? The National Restaurant Association’s traffic light system asks servers to determine whether a customer needs to be cut off from being served liquor. The system categorises passengers into green, yellow or red stages based on their behaviour, body language, facial cues, and ability to comprehend instructions. Read More COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to … [Read more...] about MC Explains | Air India’s new system to identify drunk passengers
DGCA sets new rules for duty timings of air traffic control employees
The “watch duty time limitations and rest requirements” set forth by the DGCA on January 11 for controllers state that an air traffic controller's shift cannot last longer than 12 hours (Representative Image) The Directorate General of Civil Aviation ( DGCA ) rejected the Airports Authority of India ( AAI ) proposal to provide relaxation for airports with fewer flights in order to enable it to overcome a manpower shortage and instead issued new rules for the duty hours of air traffic controllers, as per a report in The Hindu . Although a version of these rules was initially announced in November 2020, the AAI found it challenging to comply with them because it required more staff to offer the required rest period. Since then, it has requested exemptions five times and suggested various duty hours for four distinct types of airports based on the volume of air traffic they handle: large airports, or those with more than 400 flights per day, as well as airports with up to … [Read more...] about DGCA sets new rules for duty timings of air traffic control employees
DGCA imposes Rs 10 lakh penalty on Go First
On January 9, 55 passengers who were bound for New Delhi from Bengaluru on a 0630 IST GoFirst flight G8 116 were left behind in a bus. (Representative image.) The Directorate General of Civil Aviation (DGCA) on January 27 imposed a Rs 10 lakh fine on Wadia-Group-owned airline GoFirst (formerly known as GoAir) for failure to ensure adequate arrangements for ground handling for the flight. "The airline failed to ensure adequate arrangement for ground handling, preparation of load and trim sheet, flight dispatch and passenger/cargo handling," the aviation regulator said in a notice. On January 9, 55 passengers who were bound for New Delhi from Bengaluru on a 0630 IST GoFirst flight G8 116 were left behind in a bus. The stranded passengers were later accommodated on another flight a few hours later. The DGCA on January 10 sent a show cause notice to the carrier, highlighting "multiple mistakes" that could be easily avoided. Following the incident, GoFirst announced that the … [Read more...] about DGCA imposes Rs 10 lakh penalty on Go First
FTX founder Sam Bankman-Fried released on $250 million bond
FTX Founder and former CEO Sam Bankman-Fried Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial on fraud charges related to the collapse of the FTX crypto exchange. Federal prosecutors in Manhattan have accused him of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research. Bankman-Fried was not asked to enter a plea on Thursday. He has previously acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability. His defense lawyer, Mark Cohen, declined to comment after the hearing in Manhattan federal court. After the hearing, the one-time billionaire was surrounded by photographers as he exited the lower Manhattan courthouse and entered a black SUV. He sported facial stubble and a gray suit - a far cry for the shorts and t-shirt he became notorious for wearing in public appearances while running FTX. Nicolas Roos, a prosecutor, told U.S. … [Read more...] about FTX founder Sam Bankman-Fried released on $250 million bond
Mercedes-Benz India has done a great job in promoting mutual fund SIPs: A. Balasubramanian
Aditya Birla Sun Life AMC MD & CEO A Balasubramanian A. Balasubramanian, the managing director and chief executive officer of Aditya Birla Sun Life Mutual Fund, weighed in on remarks by a Mercedes-Benz India executive’s comments on Systematic Investment Plans (SIPs). Santosh Iyer, the current Mercedes-Benz India chief executive officer Santosh Iyer, had said in published remarks before taking the helm that SIPs posed competition to the luxury car maker. “In fact, he has made people realize two things. One, you can buy a Mercedes car by investing in an SIP, and in a way, he has promoted SIP as a concept,” Balasubramanian said. Edited excerpts: Your alternative career choice, if not the CEO of an AMC like this? Don’t tell me it’s that of a stock picker or for that matter a portfolio manager, which you have already been, but something else. Read More I can get into agriculture, farming. An inspirational quote that you keep in mind while managing … [Read more...] about Mercedes-Benz India has done a great job in promoting mutual fund SIPs: A. Balasubramanian
Wedding bells for OYO founder Ritesh Agarwal
Ritesh Agarwal is set to tie the knot in March Ritesh Agarwal, founder and CEO of hospitality chain OYO, is all set to get married. The 29-year-old entrepreneur will tie the knot in March this year. Ritesh Agarwal’s wedding will be followed by a reception at a 5-star hotel in the national capital Delhi. Agarwal was born to a Marwari family in Odisha and moved to Delhi in 2011 for college. He dropped out of college after two years and was accepted into the Thiel Fellowship program. As one of the winners of the Fellowship, he received a grant of $100,000 which was used to launch OYO in May 2013. In 2019, he had joked that his mother was worried about his matrimonial prospects, given that he did not have a college degree. “My mom is surely worried that the fact that I don’t have a college degree will impact my chances of finding a bride,” Agarwal had jokingly said during an interview with the Financial Times. … [Read more...] about Wedding bells for OYO founder Ritesh Agarwal