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How FINCOVER® (Loan Aggregator in India) is redefining the personal loan distribution for IT EMPLOYEES

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CHENNAI, India, Sept. 4, 2024 /PRNewswire/ — 

The FINCOVER® advantage for IT employees looking for Personal Loan

Here is a General overview

According to a Statista report, there are at least 5.9 million IT employees in India, which is expected to reach 6.5 million by this year. IT professionals often have specific financial needs that a personal loan can address.

“FINCOVER® has made the entire loan process incredibly smooth and efficient,” says Ram Sundar, an IT professional from Coimbatore. “I was looking for a personal loan to extend my existing home. I discovered FINCOVER® during a random search for personal loans in Tamil Nadu. Since landing on their site, there has never been any looking back. They saved me from rejection and suggested the right loan option for me. I was surprised when the fund hit my account the third day I contacted them. The entire process was hassle-free and very professional. I thank the customer service team who backed me through the process.

Similarly, Soumya Ramesh, a Financial Analyst from Chennai, highlights the efficiency of FINCOVER®’s services: I was looking for a loan when an acquaintance suggested FINCOVER®, saying that he secured a loan from DBS through FINCOVER®. I contacted them on their website and registered with them. The AI-driven recommendations were spot on, and the process was transparent and efficient. While interacting with them through this loan process, I also learned about their wealth management wing. I hope to invest in them in the future. I highly recommend FINCOVER® to anyone looking for a personal loan in Chennai.

FINCOVER®, an online loan aggregator, understands the extensive financial needs of IT and MNC employees, who often require higher personal loan amounts to meet their goals, whether it’s a home renovation, down payment of a dream, or a dream vacation, or funding their child’s education in an international school. With its extensive network of banks and NBFCs, FINCOVER® can connect IT and MNC employees with them to secure personal loans that match their income levels and credit profiles. Regarding personal loans for IT employees, FINCOVER® is rapidly emerging as the top choice for them in tailoring various options for this segment.

Here’s a general overview of personal loan interest rates typically offered to IT employees in India:

Bank/NBFC

Interest Rate Range

Special Benefits for IT Employees

HDFC Bank

10.50% – 21.00%

Faster processing for IT professionals

ICICI Bank

10.75% – 19.00%

Pre-approved offers for IT employees

SBI

10.50% – 15.00%

Lower rates for corporate salary account holders

Axis Bank

10.99% – 19.00%

Preferential rates for IT sector employees

Bajaj Finserv

11.00% – 24.00%

Special offers for salaried professionals in IT

Kotak Mahindra Bank

10.75% – 18.00%

Quick disbursal for IT professionals

Standard Chartered

11.50% – 20.00%

Discounts on interest rates for IT employees

Key Points:

Rates: The interest rates generally range from 10.50% to 24.00%, depending on the bank or NBFC and the applicant’s credit profile.Special Offers: Many banks offer preferential rates or faster processing for IT employees, especially if they hold salary accounts with the bank.Negotiation: IT professionals can often negotiate better terms due to stable income and employment status.

These rates are indicative and can vary based on their specific circumstances, credit score, and the bank’s terms.

Documents Required and Eligibility Criteria

The documentation for IT employees is relatively simple and can be done in a few minutes.

Eligibility Criteria:

Age: 21 to 60 years.Employment: Full-time employment with a reputed IT company.Income: Minimum monthly income typically ranges from ₹25,000 to ₹40,000, depending on the lender.Credit Score: A credit score of 700 and above is preferred.

Required Documents:

Identity Proof: PAN Card, Aadhaar Card, Passport, or Voter ID.Address Proof: Utility bills, rental agreement, or passport.Income Proof: The last three months’ salary slips and the previous six months’ bank statements showing salary credits.Employment Proof: Employment ID card and an offer letter or appointment letter from the current employer.Photographs: Passport-sized photographs, typically 2-3 copies.

Special Offers for IT employees

Lower Interest Rates: Some banks offer reduced interest rates exclusively for IT employees, making the cost of loan more affordable.

Higher Loan Amounts: IT employees are often eligible for higher loan amounts compared to employees from other sectors Flexible.

Tenures: Banks offer flexible repayment tenures depending on the credit repayment record and credit score of the IT employee.

About FINCOVER®

FINCOVER® is a fintech startup based in Chennai existing from 2020. It is a one-stop platform for all things related to finance leveraging the power of technology.

Their mission is to provide every customer with an affordable and seamless digital premium financing experience and ensure they become financially empowered.

FINCOVER® provides a platform that enables the user to search and locate the best financial products suited to their needs and wants. They have partnered with India’s leading insurers (23 insurance), 50+ banks and NBFCs, and 35+ mutual fund companies to distribute their products. Within a year from inception, they have disbursed more than Rs. 150 crore secured and unsecured loan amounts from various banks and NBFCs in the last financial year and over 10000+ insurance policies.

The company is targeting a 5X growth in the upcoming year and aims to cross Rs. 500 crore in annualized disbursal run rate. Point of Sales persons (PoSP) can use their App or Web portal to assist customers in their financial needs. For more information, visit https://www.fincover.com/.

 

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Waters Corporation to Host Investor Day on March 5, 2025

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MILFORD, Mass., Jan. 10, 2025 /PRNewswire/ — Waters Corporation (NYSE:WAT) announced that it will host an Investor Day on Wednesday, March 5th, 2025, in New York City, starting at 8:30 AM ET.

The event will feature presentations by members of the senior management team, who will discuss business initiative achievements, new strategic priorities, and our vision for future shareholder value creation. A Q&A session will follow.

In-Person Attendance
To request in-person attendance at this event, please click here or visit the Waters Investor Relations website at https://ir.waters.com, under ‘Events’.

Webcast
A live webcast will be available the day of the event. To register for the webcast, please click here or visit the Waters Investor Relations website at https://ir.waters.com, under ‘Events’. A replay of the webcast will be available shortly after the event concludes.

About Waters Corporation
Waters Corporation (NYSE:WAT), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, food, and environmental sciences for more than 65 years. With approximately 7,500 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.

Caspar Tudor, Head of Investor Relations
investor_relations@waters.com

View original content:https://www.prnewswire.com/news-releases/waters-corporation-to-host-investor-day-on-march-5-2025-302348226.html

SOURCE Waters Corporation

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As Retail Cybercrime Surges, Plank Road Ventures To Present Technology Solutions At NRF 2025 Big Show

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HOBOKEN, N.J., Jan. 10, 2025 /PRNewswire/ — Credit cards and other non-cash payment methods now account for some 80% of purchasing activity, according to some reports. It’s convenient for consumers, but each retail transaction may expose vital shopper information to nation-state and other cybercriminals. Consumers are inconvenienced, while retailers may suffer reputational and financial damage.

To combat the upsurge in digital incursions, Plank Road Ventures — an eMazzanti Technologies company — will present artificial intelligence, cybersecurity best-practice and other retail solutions at the NRF (National Retail Federation) 2025 Retail’s Big Show at Booth 2306, in the Startup Hub of New York City’s Jacob K. Javits Convention Center from January 12 through January 14, 2025.

“The rise in credit card, digital and other payment methods have made retailers a rich target for cyberthieves,” warns eMazzanti Technologies President Carl Mazzanti. “POS systems, for example, can store customer information and purchase history, enabling retailers to capture the information they need to inform targeted marking campaigns and personalized shopping experiences. But POS transactions also pose an attractive target for cybercriminals, and a successful data breach will have far-reaching consequences.”

Plank Road Ventures, a global managed services provider, partners with leading companies like Microsoft, Watchguard, HP, and I3 Communications to help retailers deploy technology that improve and secure their operations and store strategies, while enhancing customer experience and engagement. Retailers can meet with trained professionals from Plank Road Ventures at the NRF 2025 Retail’s Big Show, and learn about leading-edge POS and other solutions.

About eMazzanti Technologies
eMazzanti’s team of trained, certified IT experts deliver rapid response, increased revenue growth, data security, and productivity for organizations of all sizes. The firm offers cloud and mobile solutions, multi-site technology implementations, outsourced network management, 24 x 7 support, digital marketing services, and cyber security assessments and protection services.

About Plank Road Ventures
Our team of experienced retail experts works with clients to understand their specific requirements and recommend the best options. Specializing in store operations and support, the team is available 24x7x 365.

View original content:https://www.prnewswire.com/news-releases/as-retail-cybercrime-surges-plank-road-ventures-to-present-technology-solutions-at-nrf-2025-big-show-302348181.html

SOURCE Plank Road Ventures

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Kevin Lanouette Named Senior Vice President and General Counsel

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BEDFORD, Mass., Jan. 10, 2025 /PRNewswire/ — iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that Kevin Lanouette has been named Senior Vice President and General Counsel, effective January 17, 2025. Tonya Drake, the Company’s Executive Vice President and General Counsel, will transition to an advisory role ending March 7, 2025.

“I’d like to thank Tonya for her many years of service to iRobot,” said Gary Cohen, iRobot CEO. “Her legacy of tenacity and rigor in protecting the iRobot Company and our brand has been exemplary.”

“Kevin is a seasoned and highly skilled attorney whose experience in advising on complex corporate and securities, commercial, M&A and IP protection matters will be invaluable as we execute our strategic initiatives and work toward a return to profitable growth,” said Cohen.

Formerly, Mr. Lanouette was a Partner at OutsideGC, a Boston-based law firm, where he specialized in providing strategic legal counsel to clients at all stages of development and across a broad range of industries, including technology development, software and services and healthcare. Previously, he served as Assistant General Counsel at Analog Devices, Inc., a leading global semiconductor manufacturer, from 2006 to 2020, where he had responsibility for several critical legal functions, including corporate, SEC and securities matters, IP licensing and technology transfers, M&A and investments, global commercial transactions, and governance and compliance issues.

He is a graduate of the University of Maine and Harvard Law School.

About iRobot Corp.
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 50 million robots worldwide. iRobot’s product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com

For iRobot Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements relating to iRobot Corporation’s expectations concerning executive transitions and execution of the company’s strategy. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. iRobot undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For additional disclosure regarding these and other risks faced by iRobot, see the disclosure contained in our public filings with the Securities and Exchange Commission including, without limitation, our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

 

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SOURCE iRobot Corporation

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