Thursday, 6 October 2016

Fullerton India announces festive loan offers


Pune : Fullerton India, a leading non-banking financial company in India, with a strong pan-India presence announces special offers for individuals planning on taking Personal Loans in the state of Maharashtra. With the onset of the festive season, the company will offer a waiver of 0.50% on the interest rates for Personal Loans and will also offer special gifts for high value loans. Additionally a 50% waiver on the processing fees of Personal Loans will be offered to women applicants. These offers will be valid from October 1st 2016 till Diwali.

The company introduced 7 new rural branches in the state across Shirpur, Shahada, Umred, Challisgaon, Jalgaon, Chopada and Phaltan in 2016. While Personal Loans continue to stay a focus product for the market, the company will also provide Loans against Property, Business Loans, Livelihood Advancement Loans and Two-wheeler Loans to customers in the region. 

Commenting on the announcement,  Rakesh Makkar, Executive Vice President and Head – Business, Marketing and CSR, Fullerton India said, “We are optimistic about the business outlook for the state of Maharashtra. As on August 2016, our Assets under Management (AUM) for Maharashtra stand at Rs.2577.3 crores. In order to complement Diwali - an important festival in the state and cater to the strong demand, we have launched exclusive festive offers on our Personal Loans.”

Sunday, 2 October 2016

Pune customs seizes illegal drones worth Rs. 1.2 crore


PUNE: The Pune customs seized seven drones worth Rs1.2 crore, which were imported in parts from Canada to be assembled in India.

“We have seized seven precision hawk, USA-make drones, approximately valued at Rs1.2 crore . They were imported from Canada illegally by Amit Takte, who works at MS Webonise Private Limited at Bavdhan,” said K Shubhendra, deputy commissioner, Pune customs.

Customs said Takte vioilated provisions of the Customs Act,1962 as well as regulations under the Wireless, Planning and Telecommunications Wing. “Without a Department of Telecom license, drones cannot be brought into India,” said Shubhendra.

Investigations revealed that Vikas Kumar of MS Heightsnext, Pune sold these drones to companies across India. “The relation between the two companies, MS Webonise Private Limited and MS Heightsnext is being investigated. 

Each drone is capable of completing the surveillance of large areas within a short span of time. We are investigating what the buyers meant to use the drones for,” said Shubhendra. 

While no arrests have been made yet, customs is still investigating.