Tag: Business

Jaipur (Rajasthan) [India], April 1: PingPong is an innovative payment service provider for cross-border e-commerce businesses, exporters, and freelancers that is growing apace. PingPong, which was founded in New York in 2015 by a group of payments and financial experts, now has operations in India, the United States, Korea, Hong Kong, Luxembourg, Vietnam, and Japan. The PingPong team is dedicated to offering best-in-class services to customers and aiding them in building their businesses, with over 900 people worldwide. Not only this, they are the first Fintech company in key European and American markets to receive regulatory approval.

PingPong India is hosting a series of corporate cross-border events for worldwide vendors in various regions of the country as part of its same-nurturing-businesses campaign. The event began in Mumbai, where the overwhelming response from the client community has made a great impact in the city and it was followed by a similar success in Surat and Jaipur. They are now planning to hold the big scale event in Jaipur Udaipur and Bangalore as well.

PingPong Payments offers several advantages, including the ability to receive payments from foreign direct clients on global marketplaces such as Amazon, as well as receiving accounts in the United States, the European Union, the United Kingdom, Australia, Hong Kong, and Japan. Clients can also receive FIRC quickly, and funds can be withdrawn to an Indian bank in multiple currencies, including INR and USD. They also provide numerous add-on benefits through programmes like BAP and Xcelerate, which assist sellers in extending their business on worldwide platforms.

PingPong Payments celebrated its 6th global anniversary with promotions and loyalty programs to thank and honour its clients. Not only has PingPong provided them with the tools and encouragement they need to expand their global business, but it has also set new industry standards by committing to growing Indian business through their “The Leaders” Program, which rewards loyal clients with trips to the United States, Singapore, Dubai, and other locations where they can learn from and network with successful peers and partners. Soon the Loyalty Program will be held in the Udaipur and Bangalore events.

PingPong was named one of the world’s 250 fastest-growing fintech companies by CB Insights in 2018. PingPong was named one of FXC Intelligence’s Top 100 Cross-Border Payment Companies in 2019 and awarded the Alexander Hamilton Award for Best Practices in Restricted/Emerging Markets.

PingPong’s partners include e-commerce behemoths and SPNs such as Amazon, Shopify, Stelcore, DHL, Vinculum, Gxpress, and others who serve millions of clients globally. The Reserve Bank of India has approved PingPong Global Solution Inc. India Liaison as a PingPong US liaison office (“RBI”). Since 2019, PingPong has had a presence in India, with its headquarters in Bengaluru. It offers one of the simplest methods for receiving international payments in India at the best FX rates. PingPong is the world’s most popular cross-border business game. It’s hassle-free, and anyone may use its portal to sign up for a FREE PingPong account.

PingPong strives to provide an atmosphere that is both compliant and transparent, allowing each customer to gain a competitive advantage in their business. PingPong strongly supports and promotes Make in India firms to extend their cross-border eCommerce operations, given the growing e-commerce global business potential for Indian vendors. Global sellers and exporters can receive money from other countries with complete transparency and at a low cost with ease.

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post PingPong Payments Celebrated Its 6th Global Anniversary and Loyalty Program winners in Jaipur appeared first on Republic News Today.

Mr. Manoj Patodia, Chairman -TEXPROCIL

New Delhi (India), April 1: Shri Manoj Patodia, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL) thanked the Hon’ble PM, Shri Narendra Modi ji for his visionary leadership and Shri Piyush Goyal ji, Hon’ble Minister of Textiles, Commerce and Industry and Consumer Affairs, Food and Public Distribution for their relentless efforts which has enabled the finalization of the India UAE CEPA (Comprehensive & Economic Partnership Agreement) on 27^th March 2022.

The Chairman pointed out that with a “zero for zero” duty free access for textiles and clothing, well supported by robust Rules of Origin, Indian export of cotton textiles to the region are poised to grow exponentially in the coming years.

The CEPA is expected to generate an additional increase of US$ 2 billion in overall exports over the next 5 years and will also provide a platform for SMEs to expand internationally by access to new customers, networks and avenues of collaboration. It is also expected to improve the Women Workforce Participation Rate & increase employment opportunities for youth.

The Chairman mentioned that there is good potential for export of cotton textile items like bed & bath linen, kitchen & table linen, curtains & valances, quilts and comforters and cotton woven fabrics including denim.

With the setting up of Warehousing or Distribution Centres in UAE, the CEPA will encourage trade movement to neighboring GCC as well as African markets and initiatives like these will help in collaboration, innovation, and cooperation between the two countries.

With India crossing its ambitious target of US$ 400 billion in goods export this year, the India UAE CEPA will provide the much necessary impetus and momentum to increase our exports in home textiles and fabrics to the UAE, the Chairman added.

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post TEXPROCIL welcomes the finalization of the India UAE CEPA appeared first on Republic News Today.

Mumbai – March 31: Kingston Technology, a world leader in memory products and technology solutions, today added a coveted channel partner for its flash business– Shree Computers Sales Private Limited (SCSPL), a leading player for providing technology solutions in India. The company will become one of the primary distributors of Kingston Flash Products in India and will provide best-in-class quality products with high performance to discerning users in the country. Addition of SCPL is Kingston’s endeavor towards reinstating its leadership position in the Flash business, and further strengthening its footprint in the market pan India.

Shree Computers Sales Private Limited (SCSPL) is one of the frontrunners in memory and storage industry in India. Since 2009, SCSPL has endeavored to bridge the nationwide connectivity between the technology solution providers and its users.

The announcement comes on the back of Kingston’s channel centric approach and reinforcing its leadership position. TRENDFOCUS, a leading analyst firm globally has named Kingston as the number one client SSD vendor in the channel with 22.2% for unit market share and 22.3 million client SSDs shipped for all of 2021 in the channel. In Q4 alone, Kingston’s client SSD market share grew to a substantial 26.8% in the channel which displays a healthy annual unit growth despite ongoing component shortages.

Commenting on appointment of Shree Computer Sales Pvt Ltd (SCSPL) as its National Distributor Partner, Mr. Tejashwar Singh, India Sales Head, Kingston Technology said, “Shree Computers has been one of the flag bearers for bringing the latest product and services to market, identifying the latest market needs in the field of technology. and in a way providing synergies to both technology solution providers and its valued users. Our channel partners have always been one of the integral growth drivers, and we are proud to appoint Shree Computers as our National Distributor Partner. We are confident that this will help us in giving a further impetus to our Flash business in India and take our growth story to the next level.”.

Mr. Manish Lunia, Director, Shree Computers Sales Private Limited (SCSPL) said, “Kingston has always been reinventing the flash business segment with its compelling products and solutions. It gives us immense pride to be associated with Kingston Technology- the undeterred leader in the storage and memory segment. Together with the company, we intend to take the best-in-class products in the flash segment to the users across the country and turn a new leaf in the growth of flash business in the Indian market.

Kingston has recently added two PCIe 4.0 NVMe M.2 SSDs to its portfolio with the addition of KC3000 and Kingston FURY Renegade SSD. The high-performance drives joined Kingston’s family of client SSDs to enable those who demand speed and reliability to handle intensive games and application workloads on desktops and laptop PCs.

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post Kingston Technology appoints Shree Computers Sales as its National Distributor Partner appeared first on Republic News Today.

Mumbai, March 31: LANXESS closed fiscal year 2021 successfully. Despite immense increases in energy, raw material and freight costs, the specialty chemicals company significantly improved its sales and earnings.

Group sales amounted to EUR 7.557 billion in 2021, up 23.8 percent on the previous year’s figure of EUR 6.104 billion. EBITDA pre exceptionals increased by 17.2 percent to EUR 1.010 billion compared with EUR 862 million a year earlier. Earnings were therefore within the guided range of EUR 1 billion to EUR 1.05 billion. The good results across all of the Group’s segments were mainly driven by strong demand from customer industries such as automotive, construction, transport and manufacturing. Influenced by significantly higher costs and one-time effects, the EBITDA margin pre exceptionals was now 13.4 percent after 14.1 percent in the previous year.

“We promised that 2021 would be a year of growth – and we delivered this against all the odds. We largely passed on the extreme cost increases to the market. In addition, we accomplished four acquisitions in the middle of the pandemic and thus massively expanded our Consumer Protection segment. All this shows the strength and stability that LANXESS now enjoys,” said Matthias Zachert, Chairman of the Board of Management of LANXESS.

Significant growth expected for 2022 – Matthias Zachert was optimistic about the current fiscal year 2022 despite a further increase in costs. “We expect energy and raw material prices to continue to rise in the first half of 2022. Global supply chains also remain fragile. Nevertheless, we would anticipate further significant earnings growth in this fiscal year.” However, the impact of the war in Ukraine is yet unforeseeable. LANXESS anticipates an earnings jump in the first quarter of 2022 and expects EBITDA pre exceptionals to come in between EUR 280 million and EUR 320 million (previous year: EUR 242 million).

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post LANXESS sales up 23.8 percent year-on-year at EUR 7.557 billion in fiscal year 2021 appeared first on Republic News Today.

Jeet Chandan & Vidhit Mehta of Shortgun

March 30: ‘The best way to predict the future is to create it’ said Peter Drucker and it is this quote that Mumbai-based serial entrepreneur Jeet Chandan lives by. Jeet is the founder of a Startup Investment & Consulting Firm ‘Entremax’ which helps startups to build digital brands and also gives opportunities for venture funding. Apart from these two the other ventures this young entrepreneur has are Bizdateup – a business networking platform, Internkhoj – an intern hiring platform, and Vipani – a paper trading simulator.

Jeet has been working on the final stages of his next venture ‘ShortGun’, with cofounder Vidhit Mehta. ShortGun is a platform that will lay the groundwork for a path to the metaverse. The platform is all set to begin commercial operations from May 2022. Commenting on the occasion Mr. Chandan said “We are excited to present a one-of-a-kind platform that may revolutionize the way users transact with cryptocurrency. Vidhit, me, and the entire team have worked very hard towards it. We would be launching our token, Shortcoin, which will be used to conduct all transactions on our site. The buyer will purchase a low-cost NFT and will be able to access the platform – which will feature various levels of interactive gaming and learning experiences. The more the users play the more tokens they earn. But this is not it – the best part is that these tokens could be redeemed and we will make an announcement soon about the details.”

Ever since Facebook Inc renamed itself to Meta, ‘metaverse’ has become a buzzword across the globe and has caught the fascination of many bigwigs. The world is fast warming up to the idea of a virtual world representing the real world. It is a seamless combination of the physical and the virtual world and uses technologies like artificial intelligence, virtual reality, augmented reality, 3D imaging, and blockchain among others. “There is no doubt that Metaverse is the future. Early adopters to the technology have already made huge money and are case studies now. We believe education and convenience will bring forward more people to try and use digital currency and assets. It is all about perception. If people get an option to shop for regular stuff like fashion, food, and other consumables they would be more than willing to come forth and be a part of the metaverse. I strongly believe that people will like the varied advantages and offers that we have designed as a platform” said an excited Jeet Chandan as he signed off for the moment.

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post ShortGun – India’s answer to Meta? appeared first on Republic News Today.

The company provides JEE/NEET aspirants with live coaching and automated tools to help them with their preparations

 March 30: Acadza, a promising EdTech startup, provides JEE/NEET aspirants with end-to-end coaching and multiple digital tools to help them prepare for the prestigious examinations. Founded by Anshul Singhal, the company aims at using technologies like AI and machine learning to leverage the learning experience of the students. Given the nickname of Dost, different digital tools built by the EdTech venture cater to the different aspects of preparing for examinations.

In a recent interview, a few members of the Acadza team answered questions about the use of technology in building the platform, the benefits offered to the students, and what makes Acadza stand out from the clutter. The panel answering the interview questions comprised Mr Alok Kumar, the CTO of the company and two of the teachers associated with the venture – Mr Madhukar Sharma and Mr Vikas Kumar.

Here are some of the questions answered by the team of Acadza:

How is Acadza solving the issues faced by students, educators, and institutes as an EdTech venture?

 As an EdTech venture, Acadza helps students prepare for the highly sought-after JEE/NEET examinations with the help of a centralized digital platform. It prevents students from referring to multiple resources and reaching out to their teachers through multiple platforms. The Prime Course offered by us covers boards as well as JEE/NEET examinations.

Acadza focuses on providing students and educators with a 360-degree view of the courses covered and the progress made by every user. The EdTech venture is designed to streamline the courses taught and lessons revised by students on a single unified platform.

Can you explain the concept of hand-holding students with Acadza?

Hand-holding of students refers to providing every student with personalized assistance that goes beyond live coaching. Acadza stays with the students throughout their journeys of preparing for JEE/NEET, helping them identify their issues and resolve them in the best way possible.

Hand-holding of students makes Acadza a complete package in itself as it combines live caching with digital tools for practising the concepts taught by the mentors who will help the students throughout their journey towards success.

How does Acadza help students keep track of their backlogs?

Acadza helps students keep track of their backlogs and clear them with the help of the Backlog Remover Dost. This tool helps students catch up with the chapters they missed out on and get on the same page with everyone else. All a user needs to do is select a specific chapter they need to study and the tool will ask different questions regarding the time they can allot for the concerned chapter, the preferred mode of learning (theory/videos), and more. Based on the answers provided by the students, the tool prepares a personalized plan to help them remove their backlog.

How does Acadza help students reinforce their strengths and deal with their weaknesses?

During JEE and NEET preparation, students undergo a good deal of hardships and anxiety. It’s a journey of 2+ years where students develop certain strengths and weaknesses. Acadza helps and guides the students to leverage their strengths in terms of strategic skills and topics of interest. The platform ensures that the students are able to give their best performance. Every student benefits under the guidance of our expert faculty team that comprises mentors who have given single-digit and double-digit AIRs in IIT JEE and NEET, 4500+ video lectures, live classes, and an unlimited bank of assignments.

Acadza also helps students deal with their weaknesses in terms of getting clarification on lesser-known topics, clearing the backlog, reducing exam stress, etc. This can be a huge hurdle in the journey of a student and can adversely affect their IIT JEE or NEET rank. Acadza allows students to watch motivational and strategy-building videos created by our skilled educators to motivate them when they are down and out.

What was the core intention behind setting up a venture like Acadza?

The education system in the country is very intense and competitive. While this is good for the productivity of students to some extent, it may become overwhelming in no time. When it comes to competitive examinations like JEE and NEET, aspirants often have a hard time balancing the live coaching provided to them and the revision that needs to be done at home. The last thing a student would want is to find themselves trapped in piles of notes, backlogs, and the courses to be covered on time.

Acadza is founded to streamline the manner in which students prepare for competitive examinations like JEE and NEET. Our vision is to minimize the burden on the shoulders of the students and guide them every step of the way, during their live coaching sessions and as they revise at home.

How do you make sure that Acadza facilitates imparting quality education?

All our courses, modules, tests, and sessions are handpicked and designed by some of the best professors and education experts working in the sector. The teachers associated with us possess years of experience and have been successful in producing rank-holding students across the board. Teachers like Professor Ritu Agarwal and Vikash Singh have been instrumental making education wholesome for the students associated with us.

Such expertise of teachers, combined with seamless EdTech support allows Acadza to impart quality education to the users. At the end of the day, no one understands a student better than a teacher!

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post The Team of Acadza Talks about Using Modern Technology in the EdTech Venture and More in an Insightful Interview appeared first on Republic News Today.

March 30: Are you looking to relocate your house, move your bike to another destination, shifting of commercial space, car, etc.? If yes then you are in the right place to discover India’s best company, Sehdev Packer and Movers in the relocation services, offering packing and moving solutions for the last one-and-a-half-decade.

With a highly professional and experienced team, Sehdev Packers and Movers has become a name to reckon with in the fast-moving relocation services in India. Furthermore, the company knows this industry and can efficiently transport all your things

Sehdev’s tagline is ‘Aapke Safar Ka Saathi Taaki Aap Suffer Na Kar Sako’ (Your moving partner so that you don’t have to suffer while shifting).

Sehdev Packers and Movers is committed to making the relocation experience a great one. With a dedication to customer service, the company helps its customers to move with ease.

“If you are looking for relocation, our moving experts can help keep your belongings safe and secure. We have expertise specifically in the services such as land freight forwarding, warehousing, shipping, and transportation. We have our services of household packing and moving spread all over India, in the cities like Gurgaon, Bangalore, and Pune. Chennai, Kolkata, Hyderabad, Delhi, and Mumbai” said a company spokesperson.

The USP of Sehdev Movers and Packers is that they work relentlessly to improve their services and make them more effective and comfortable and offer them at a cheaper cost compared to their competitors.

The company was established in Hyderabad in 2006 having the corporate office in Delhi and Gurgaon NCR. The company has offices in major cities across the country including Chennai, Bangalore, Mumbai, Pune, Ahmedabad, Jaipur, and Kolkata.

The company received its government trademark registration in 2020. The quality management system is ISO certified.  The company has received all required government certifications including MSME, GST, Shops and Establishment, Starup India and Central Vigilance Commission (CVC).

He added, “Our development is built on a strong foundation of growth over time of competent and customer-satisfactory services. Since our foundation, we have maintained the ideals of progress. Our perseverance and continuous effort have positioned us as the market’s leading and unrivaled firm in the packing and moving sector. Despite our modest beginnings, we have consistently expanded across all of our categories.”

Sehdev Packer is the first in the country to offer facilities for storage and warehousing to those who want to go out of the country or visit other countries for office work. Such people could store their goods and belongings at the storage and warehouse facility of the company including household goods, commercial goods, bikes, cars, etc.

The company strictly adheres to international standards of quality and safety and offers hassle-free premium quality services like household goods relocation service, cargo transportation services, household goods packaging services, domestic cargo services, commercial goods transportation, industrial transportation, and packaging services anywhere in India.

Not just home relocation, air cargo, intercity relocation, warehousing service, cargo service, bike relocation, packing, and moving services, the company offers additional and exceptional services in corporate and international relocation sectors. The customers can choose from a wide range of criteria to fulfill their relocation requirements with the company’s customized plans.

Apart from this, the company boasts of a team of specialized relocation managers, transit personnel, packing, and unloading personnel in their packers and movers crew. They will be there with the customers every step of the way to guarantee a seamless and secure shift. All of the stuff is properly wrapped and safely transported to your new location.

There is a specially trained crew for office shifting. The company has more than 20 vehicles to guarantee the protection and trustworthiness of commodities with high-quality packaging using modern techniques.

According to the company, there are many service providers in the market, but it is just a difficult matter of finding one that is both appropriate and affordable. There are several decent companies and moving search portals out there, but none of them are focused and specialist ones are not good enough. Sehdev Movers is working hard to give a 100% exceptional user experience that will assist customers in getting the finest solution for all the shifting requirements.

“We believe that once you compare the prices and services of our packers and movers with our competition, you will find our service quality, competitive price, and ongoing expertise the choice for all your moving needs. With our fleet of vehicles and professional team, we are proud to become the fastest-growing movers and packers company in India” said the company spokesperson.

Why Choose Sehdev Movers?

The company has an experienced crew of packers and movers to manage all of your moving needs. They are easily accessible 24 hours a day and seven days a week to help people with their moving service requirements. The company guarantees the safety of the items, cost-effectiveness, and faster transportation. If you want to get any assistance regarding the packing and moving service, simply give us a call, and one of our specialists will get back to you and answer your questions. Get Your Relocation Quote within 15 mins.

https://www.sehdevpackers.com/certificates

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post Sehdev Packers and Movers has become India’s leading relocation service provider company appeared first on Republic News Today.

New Delhi (India), March 30: Mogul Kitchen manufactures authentic traditional taste frozen kebabs with a higher level of hygiene. The company manufactures the best quality frozen kebabs at their unit situated in Ghaziabad, UP in India. Mogul Kitchen is rolling out some scrumptious products by maintaining their original taste. The products sold in Mogul Kitchen’s retail packaging are Chicken Galawati Kebab, Chicken Seekh Kebab, Chicken Pop Corn, Chicken Boti Kebab, Chicken Malai Boti, Chicken Shami Kebab, Chicken Burger Patty, Chicken Kofta (Meatball), Chicken Sausage, Chicken Salami.

In the words of Mogul Kitchen’s Director, Mr. Iftakhar Nadime, “We use state-of-art machinery and unique approach to manufacture frozen kebabs. Our staff follows strict hygiene practices and maintains the traditional taste by following strict industry-grade practices. Our institutional packs of kebabs and snacks are available for renowned food giants and popular multi-star hotels. People can buy our wide range of products available through our company’s retail packs at reasonable prices.”

Mogul Kitchen believes that manufacturing the right kebabs and snacks can only add to the culinary taste of the Mughlai food. Aromatic spices also work great with the right type of edible items. The company focuses on providing that authentic Mughlai taste to the central Asian cuisines cooked in most households.

The non-veg items produced with authentic recipes help in smooth digestion and reduce any chances of acidity or other digestive issues. Regarding the manufacturing of frozen kebabs and snacks, Mogul Kitchen is very strict about the product’s hygiene, uniformity, quality, and maintaining the traditional taste by blending traditional methods and modern technology.

The company sources pure and fresh ingredients directly from the producers to manufacture the frozen kebabs and other snacks. Mogul Kitchen uses the right and safe packaging to pack the frozen products. The product’s shelf life is six months, and it is achieved by following hygienic practices and using the no-hands approach.

Mogul Kitchen believes in providing the products of best quality with the best taste at great prices. Moreover, the company has a team of skilled professionals and workers who take care of the manufacturing process and packaging process from beginning to end. The experts and chefs working at the company make sure that their authentic taste is retained when the kebabs are processed.

During the pandemic, the company followed the COVID-19 protocols strictly to make sure their employees are safe, and the highest standard of product safety is maintained. Before packaging the products, the company pays attention to carrying out the quality check at every step until the final packaging. People can follow Mogul Kitchen’s social handles to get details about prices and new offers.

Mogul Kitchen is a frozen kebab manufacturing company that traditionally maintains the quality of its products. The company provides institutional-packs and retail packs for Chicken Galawati Kebab, Chicken Seekh Kebab, Chicken Pop Corn, Chicken Boti Kebab, Chicken MalaiBoti, Chicken Shami Kebab, Chicken Burger Patty, Chicken Kofta (Meatball), Chicken Sausage, Chicken Salami, etc.

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post Mogul Kitchen, Frozen Kebabs & Snacks: The Next Big Thing In Kebab Industry appeared first on Republic News Today.

Bangalore (Karnataka) [India], March 30: Leading auto firm JSP Motors recently announced the launch of ‘Speedy Wheelz’, a first-of-its-kind pre-owned luxury car showroom in Bengaluru. Spread across 8000 sq ft, Speedy Wheelz prides itself as Bengaluru’s first elite showroom for pre-owned luxury vehicles; and aims to be a one-stop destination for pre-owned luxury vehicles providing buying, selling, servicing, detailing, insurance, car modification, and much more, all under a single roof.

Speaking on the launch of Speedy Wheelz, Ms. Sivapriya, Managing Director of JSP Motors, said, “We are very excited to have launched our first-ever showroom for Speedy Wheelz here in Bengaluru. The idea behind this showroom was to provide customers with the experience of a hassle-free way to buy pre-loved cars. And with Speedy Wheelz, we believe we have created one of the most accessible pre-owned luxury car buying & selling experiences in Bangalore.”

Mr Ravindra Ballal, Head of Operations, said, “Through this new showroom, we aim to deliver premium luxury vehicles at the foremost competitive costs, all in a truthful, relaxed, and trustworthy atmosphere. Our trained and friendly team of professionals are dedicated to providing our customers with best-in-class service quality to ensure that their experience of purchasing their dream vehicle is made a memorable one.”

The vehicles displayed and sold at the Speedy Wheelz showroom undergo a series of mechanical, bodywork, interior, and electrical inspections at 300+ multi-point checks, thorough multiple-level quality checks, and a full on-road test. This ensures customers the peace of mind they’d require while purchasing a car.

“Luxury pre-owned cars are scientifically evaluated and sourced from direct sellers who wish to sell their Pre-loved vehicles. The technical team’s service history records and a detailed performance analysis ensures a thorough screening of incoming cars. Our experienced bespoke automotive consultants at Speedy Wheelz will ensure that customers have detailed information to smoothen and purchase experience. Our best-in-class car detail experts help you customize your car to your taste and liking,” Said Mr Lithin Kumar, Business Head at Speedy Wheelz.

The showroom was inaugurated in the august presence of numerous dignitaries, including Kannada film actor – Karthik Jayaram; Sujatha Akshaya – media personality and actor; Film Stunt Director – Jolly Bastian, Amith Jolly Bastian, Film actor; PMP, and Lean Six Sigma Black Belt – Anu Babu; Dr. Bhoomika Horkeri – night solo rider, and car rallyist; Pooja Bajaj – a Motorcyclist and Tedx Speaker; Prathibha R – President of Karnataka Women Photographer’s Welfare Association; Stella Machado – a photo-artist and entrepreneur; and Sharika – a seventh-grade young photographer having won numerous international awards.

Anitha Rosalin, Rakesh C S, Gopakumar from Divine Desires, the Channel Partners for Speedy Wheelz were also present at the launch.

Speedy Wheelz is a venture of JSP Motors, a reputed brand dealing in the automobile sales sector for over a decade. Over the years, the trust and confidence of hundreds of car buyers have been the driving force for JSP to venture into the premium and niche space of premium pre-owned cars in Bangalore.

For more information, please call 091489 99971 / 8590001090 or visit: http://www.speedywheelz.com/

Address: Hosur Road, Srinivasa Nagar, AECS Layout, Singasandra, Bangalore 560068

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post JSP Motors Launches ‘Speedy Wheelz’ – Bengaluru’s first pre-owned luxury car showroom appeared first on Republic News Today.

By Ashok Mittal, CEO, Prest Loans, Brajendra, CEO, Finayo, Bakesh, COO, Yogesh CAO, Kamal CTO, Sanjay Mentor.

New Delhi (India), March 29: India is inching toward becoming a fully Electric Vehicle (EV) nation by 2030 with optimistic sales figures and the unveiling of a host of new models by automobile manufacturers.

According to a recent report by research firm JMK Research and Analytics, the consolidated sales of EVs in the country clocked 50,000 units in December last year, registering a 240 per cent Year Over Year (YoY) growth compared to December 2020.

With the Omicron lead wave subsiding coupled with declining technology costs, EV shipment figures in India are expected to continue to reach new heights in the coming months. The segment’s growth will also be fueled by the emergence of new disruptive business models aimed toward the common objective of driving EV adoption in the country.

While initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) Phase II scheme, which boasts a budget of Rs 10,000 crore to offer subsidies to EV buyers across different segments, are in place, the need of the hour is to provide hasslefree, customised financing options to consumers.

According to a recent report by the country’s apex public policy think tank, NITI Ayog, financial institutions would have to lend an estimated Rs 40,000 crores by 2025 and Rs 3.7 lakh crores by 2030 to drive the adoption of EVs among the masses.

Banks and NBFCs are also reluctant to finance EVs owing to associated business models and asset risks and the nascency of the EV sector. Also, in some cases, where financing is available, a significant chunk of EV buyers do not align with the loan terms (high-interest rates, lower tenures) compared to ICE vehicles.

How startups like FINAYO are transforming the lending space

In such a scenario, revolutionary startups like FINAYO, which leverage cutting-edge technologies including AI and Machine Learning, are paving the way to mitigate the financial bottlenecks in the country’s EV segment.

According to Mr Brajendra Singh Tomar, founder and CEO of FINAYO, different NBFCs prefer to finance other EV models ranging from two-wheelers to SUVs to commercial vehicles, and FINAYO aims to bring all under one umbrella to cater to a larger pool of EV buyers in the country.

Mr Tomar also opines that the impressive Fi-Men solution, which offers a range of loan offers to consumers from different financial institutions with just the QR code scan, is a win-win proposition for the OEMs, lenders and customers.

Leveraging trendsetting technologies, FINAYO’S team has ensured that the platform offers customised financing options based on both the EVs and the credit history of EV buyers. The platform utilises the state of the art Asset Business Rule Engine and Lender Business Rule Engine in that regard. With this, Banks and NBFCs garner a bird’s eye view on the spending behaviour of consumers to furnish them with convincing loan offers in a matter of minutes.

Prest Loans aims to collaborate with FINAYO to offload the tedious and complex customer risk and asset assessment process for a swift and convenient buying experience for potential EV buyers. In our strategic collaboration, we would also like FINAYO to cover the untapped EV markets in the country to accomplish India’s 2030 EV objective jointly.

Founder & CEO of Prest Loans, an RBI registered NBFC, Ashok Mittal, is an industry veteran with over three decades of experience in Banking and Financial Services. He has also been a prominent speaker during the seminars of prestigious organisations like FICCI, Assocham, PHD Chamber of commerce, Elets etc., representing the industry. His views are widely covered in print and electronic media.

https://www.linkedin.com/company/finayotech

https://finayo.club/

About Post Author

RNT Reporter

dhaval.rntoday@gmail.com

https://republicnewstoday.com

The post How FI-MEN, a technology, is helping in mobilising finance for EVs in India appeared first on Republic News Today.