Monday, May 16, 2016
Monday, May 9, 2016
India's first cash giving app 'CASHe' launched
Tslc Pte Ltd., a fin-tech company promoted by serial entrepreneur and private equity investor V. Raman Kumar, today announced the launch of its all new mobile-only lending platform - CASHe, providing users a personalized experience to borrow cash anytime, anywhere within minutes. CASHe is Raman Kumar's most ambitious tech venture that redefines credit in a smart, social world.
CASHe was launched in Mumbai at a glittering ceremony today with Bollywood's rising star Arjun Kapoor unveiling the product. He was joined by CASHe's eminent Board of Advisors comprising Dr. Rakesh Mohan, Former Deputy Governor of RBI and Director IMF, Suhel Seth, well known marketing guru and media personality and Yezdi Lashkari, tech thought leader.
"CASHe is the ideal platform for consumers to take control of their short term finances", said V Raman Kumar, Chairman of TSLC PTE LTD. "Today's young professionals have different aspirations and needs not very well addressed by the present banking system. We are simplifying their borrowing experience with CASHe. With this new smart phone platform we will be providing immediate cash loans based on their social profile, merit and earning potential using our proprietary algorithms and machine learning. All loans through CASHe will be disbursed by One Capitall Ltd. An RBI - registered NBFC," he stated.
CASHe uses sophisticated proprietary technology that mines the borrowers' social network and requests basic documentation to arrive at a "Social Loan Quotient" (SLQ) and a loan eligibility amount.
Using multiple unique data points to arrive at a distinct credit profile for the customer, CASHe will transform traditional credit measurements, providing financial inclusion to underserved young professionals who are kept out by traditional credit rating and banking systems.
By providing basic information on a smart phone, professionals can avail of - within minutes - a convenient 15-day loan for a one-time processing fee with no other hidden costs, no painful paper work and no human interaction.
CASHe's target clients are young professionals between 20-35 years old. Upon confirming eligibility, these employed individuals can avail of a loan of up to 40 percent of their monthly income instantaneously at a rate of interest on par with credit cards.
Film star, Arjun Kapoor stated, "Today's generation believes in instant gratification. If I have to speak on behalf of the generation I represent then I'd say our fundamental belief in life is to work hard but party harder and at most instances we run out of resources to cater to our fast paced lifestyles. Saving money is more important to my parent's generation than it is to my generation.
CASHe will be the go-to app to raise immediate and efficient money. CASHe is a great way to ensure financial independence and responsibility at the same time. I am delighted to be associated with CASHe". (ANI-NewsVoir)
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India
Thursday, May 5, 2016
Solar-charged power bank, Go Green!
Bangalore: A
leading startup player in the Baltic region, specializing in thin film and
solar solutions -- OSC Technologies -- is all set to launch into market, a
novel new solar charger/power bank that is extremely light and flexible.
The makers have launched an Indiegogo campaign to
fund their project. The solar charger, GoSolar, uses a copper indium gallium
selenide (CIGS) solar panel.
“Copper indium gallium selenide is a second
generation photovoltaic cell. Advantages of this kind of cells are flexibility
and low weight”, says Aivars Vembris, Chief Technology Officer of the startup,
a PhD in Physics (University of Latvia, EU) who has 14 years experience in the
field of solid state physics.
There is no other similar device on the market with
a weight of less than 100 grams (3.5oz) claim the makers. Once folded, you can
easily keep GoSolar in your pocket because it occupies a space of only
18x85x120 millimeters.
This particular charger is not designed for laptops
or tablets. GoSolar can be used to charge small electronics such as
smartphones, GoPro cameras and any MP3 player. Mountaineers or extreme sport
lovers will enjoy it.
GoSolar allows you to charge the accumulator while
on the move and it works at any sunlight intensity.
“It can also work at lower light intensity”, says
Janis Latvels, CEO of the company with more than 10 year experience in organic
materials and solar cells sector, “The capacity of accumulator was selected to
satisfy one day full charging at sunny day, but it can charge its inner battery
in cloudy weather”. This is thanks to a special feature rarely used in portable
solar batteries called Maximum Power Point Tracker.
Janis told IndiaTechOnline: "In case of
successful campaign, we plan first deliveries in November. The price will be
US$ 140. It is possible to order now within Indiegogo campaign at lower
price."
Source:- Deccanchronicle
Monday, May 2, 2016
India gets its own GPS called NAVIC
Isro successfully launches the seventh and final satellite of the Indian Regional Navigation Satellite System—IRNSS-1G
New Delhi: In a step that is expected to reduce India’s dependence on foreign navigation systems such as US Global Positioning System (GPS), India on Thursday successfully launched the seventh and final satellite of the Indian Regional Navigation Satellite System (IRNSS)—IRNSS-1G.
“India is now proudly among five nations in the world which have established their own satellite navigation system. Until today, we were reliant on GPS and systems from other nations, but today we are independent,” said Prime Minister Narendra Modi, naming the system NAVIC, or Navigation With Indian Constellation, dedicating it to India’s fishermen and navigators.
The four other countries/blocs that have their own navigation satellite systems are the US, Russia, China and the European Union.
The Indian Space Research Organisation (Isro) launched the satellite on board the Polar Satellite Launch Vehicle (PSLV-C33), the workhorse rocket of the space agency, at 12.50pm on Thursday.
IRNSS is an independent regional navigation satellite system developed by India that consists of a constellation of seven satellites. It is designed to provide accurate position information to users in India as well as those in a radius extending to 1,500km from its borders.
“This system has so much potential to be useful not only for the whole country, but also our neighbouring Saarc countries which are dependent on foreign systems and can now make use of this Indian system,” Modi added.
Saarc refers to the South Asian Association for Regional Cooperation.
IRNSS is expected to provide a positional accuracy of better than 20m in the primary service area. It involves placing three satellites in suitable slots in a geostationary orbit, 35,786km above the Equator, and the remaining four in geosynchronous, elliptical orbits designed to keep the satellites within view of ground stations.
The system will provide two types of services—a Standard Positioning Service for all users and a Restricted Service, an encrypted service for authorized users only.
Some of the applications provided by IRNSS would be terrestrial, aerial and marine navigation, disaster management, vehicle tracking and fleet management, integration with mobile phones, precise timing, mapping and geodetic data capture, terrestrial navigation aid for hikers and travellers, and visual and voice navigation for drivers.
Overdependence on any foreign system is not good, said Ajey Lele, a research fellow at the Institute for Defence Studies and Analyses, New Delhi. “It is unique as it is in the geostationary orbit, which will help it focus on India with a higher resolution,” said Lele. “Based on this successful launch, we can now think of expanding further as China did with BeiDou navigation system.”
New Delhi: In a step that is expected to reduce India’s dependence on foreign navigation systems such as US Global Positioning System (GPS), India on Thursday successfully launched the seventh and final satellite of the Indian Regional Navigation Satellite System (IRNSS)—IRNSS-1G.
“India is now proudly among five nations in the world which have established their own satellite navigation system. Until today, we were reliant on GPS and systems from other nations, but today we are independent,” said Prime Minister Narendra Modi, naming the system NAVIC, or Navigation With Indian Constellation, dedicating it to India’s fishermen and navigators.
The four other countries/blocs that have their own navigation satellite systems are the US, Russia, China and the European Union.
The Indian Space Research Organisation (Isro) launched the satellite on board the Polar Satellite Launch Vehicle (PSLV-C33), the workhorse rocket of the space agency, at 12.50pm on Thursday.
IRNSS is an independent regional navigation satellite system developed by India that consists of a constellation of seven satellites. It is designed to provide accurate position information to users in India as well as those in a radius extending to 1,500km from its borders.
“This system has so much potential to be useful not only for the whole country, but also our neighbouring Saarc countries which are dependent on foreign systems and can now make use of this Indian system,” Modi added.
Saarc refers to the South Asian Association for Regional Cooperation.
IRNSS is expected to provide a positional accuracy of better than 20m in the primary service area. It involves placing three satellites in suitable slots in a geostationary orbit, 35,786km above the Equator, and the remaining four in geosynchronous, elliptical orbits designed to keep the satellites within view of ground stations.
The system will provide two types of services—a Standard Positioning Service for all users and a Restricted Service, an encrypted service for authorized users only.
Some of the applications provided by IRNSS would be terrestrial, aerial and marine navigation, disaster management, vehicle tracking and fleet management, integration with mobile phones, precise timing, mapping and geodetic data capture, terrestrial navigation aid for hikers and travellers, and visual and voice navigation for drivers.
Overdependence on any foreign system is not good, said Ajey Lele, a research fellow at the Institute for Defence Studies and Analyses, New Delhi. “It is unique as it is in the geostationary orbit, which will help it focus on India with a higher resolution,” said Lele. “Based on this successful launch, we can now think of expanding further as China did with BeiDou navigation system.”