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Fintech Startup Quiklo Offers Loan To Students To Pay Course Fee Financial technology start-up, Quiklo (Olmec Technologies Pvt. Ltd), which provides loans to students for buying consumer durables such as phones and laptops, has launched an education finance service. Mrigank Shekhar, Co-Founder, Quiklo, said, "The education loan sector has a very low penetration in the country with only 5% getting loans for education and about 10% getting personal loan for education fees. While the selection criteria for banks are already strict, they give loans for a fixed set of top 100 colleges, beyond which the coverage is very minimal. Quiklo, through our education finance platform aims to empower those who have been declined loans in the past. Quiklo partners with banks and non-banking financial institutions to disburse the loans. Once a student is deemed eligible for a loan, a partner financial institution disburses the money directly to the payee instead of giving t...

Lemon Tree Plans To Add 15 Hotels By March 2019 Hospitality chain, Lemon Tree Hotel Company plans to add up to 15 hotels with over 1,200 rooms across India by FY19. The company, which has 40 hotels with 4,300 rooms in 24 cities across the country, is looking at Siliguri, Mumbai, Patna, Amritsar, Gangtok, Jammu, Lucknow, Kolkata and Coimbatore for its new properties. Vikramjit Singh, President, Lemon Tree Hotel Company, said, "We plan to open up to 15 hotels across India by the end of next fiscal year as part of our expansion plans. This would add over 1,200 rooms to our present room inventory. We are aiming to tap the leisure destinations with a focus on domestic travellers as they constitute around 85 per cent of our customers across the chain." Lemon Tree Hotels is also focusing on the leisure destinations going forward.

BigBasket to Deliver BPCL Products in 90 Minutes State-run, Bengal Chemicals & Pharmaceuticals Ltd (BCPL) has announced its collaboration with hyper local delivery startup, BigBasket to sell its home products for the Kolkata market. BPCL products are available on the website and mobile app of the online store from Saturday. P M Chandraiah, Managing Director and Director (Finance), BCPL, said, "We are initiating a new front and going online. We have joined hands with Big Basket for Kolkata market.”   Chandraiah stated that BPCL products will delivered by BigBasket at the doorstep of the customer within 90 minutes. The company reported a net profit of Rs 4 crore in 2016-17 for the first time in six decades .

Wai Wai City Plans to Open 1500 Outlets in Next Five Years Following in the footsteps of its flagship outlet at Hauz Khas Village, New Delhi, Wai Wai City, a ready to eat noodle bar from popular noodle brand, Wai Wai, has now marked its presence at Logix City Centre, Noida. The QSR format has already started to roll out through the franchise channel with plans to invest Rs 250 crore for expansion. It also aims to open 1500 outlets over the next five years across multiple markets. Wai Wai City will be spread across with formats, like, food courts, self-standing kiosks, standalone outlets, highway formats and an integrated format. Varun Chaudhary, Executive Director, CG Corp Global, said, "Wai Wai City is an endeavor to bring the brand closer to its customers in a more tangible manner. We wanted to come up with something that evokes nostalgia in people, taking them back to their school and college days when Wai Wai noodles was the favourite snack....

Flying Car AeroMobil Raises Further Investment To Target Asian Market A month on from its previous round of funding , flying car startup AeroMobil has secured a fresh injection of capital from InfraPartners Management (IPM). The terms of the investment were not disclosed The Slovakian company is developing a vertical take-off and landing (VTOL) flying vehicle that it claims it will deliver to customers by 2020. Prices per vehicle will be between €1.2 million and €1.5 million With the new investor’s help, AeroMobil will take its flying car on an investment roadshow in Asia with a particular focus on South Korea and China, where IPM has a regional presence. The funds will be invested in the ongoing production, testing, and certification of the flying vehicle. Asia will be a key market for AeroMobil as it cites traffic congestion and poor infrastructure as drivers behind the development of the flying car.