<keyword id="107851" type="General" weightage="20" keywordseo="Housing-Development-Finance-Corporation" source="Orion">Housing Development Finance Corporation</keyword> (<keyword id="45123" type="General" weightage="20" keywordseo="HDFC" source="Orion">HDFC</keyword>) Ltd on Thursday said it will raise up to Rs 10,000 crore by issuing bonds on private placement basis to augment its long-term capital. The country's largest mortgage lender said that it will issue secured redeemable non-convertible debentures (<keyword id="92012" type="General" weightage="20" keywordseo="NCDs" source="Orion">NCDs</keyword>) on private placement basis with an issue size of Rs 2,000 crore and option to retain over-subscription of up to Rs 8,000 crore. "The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation," HDFC said in a regulatory filing. The bonds, rated AAA by Crisil and ICRA, carry coupon rate of 7.05 per cent per annum. The 10-year tenure bonds will be open for subscription to the eligible investors on November 29 and closes on the same date. <keyword id="668196" type="General" weightage="20" keywordseo="HDFC-shares" source="Orion">HDFC shares</keyword> closed 0.33 per cent down at Rs 2,870.95 apiece on BSE. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/ex-rbi-chief-raghuram-rajan-believes-only-few-cryptocurrencies-will-survive-as-dead-coins-jump-by-20-in-six-months/articleshow/87913952.cms">Raghuram Rajan believes only a handful of cryptocurrencies will survive the hype — over 400 tokens have hit the dust in the last six months</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/latent-view-analytics-looks-to-acquire-small-data-analytics-companies-focused-in-europe-and-us/articleshow/87911242.cms">INTERVIEW: After a blockbuster listing, Latent View Analytics looks to acquire small data analytics companies focused in Europe and US</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/interview-these-former-isro-scientists-are-hoping-for-the-biggest-ever-funding-in-the-indian-spacetech-industry/articleshow/87911503.cms">INTERVIEW: These former ISRO scientists are hoping for the biggest-ever funding in the Indian spacetech industry</a>

HDFC to raise up to ₹10,000 crore next week

<ul><li>Cryogenic rocket engines run on propellant that can be stored at extremely low temperatures of less than -150° celsius.</li><li><keyword id="7537495" type="General" weightage="20" keywordseo="Skyroot-Aerospace" source="Orion">Skyroot Aerospace</keyword> is the first Indian companies to work with <keyword id="6358064" type="General" weightage="20" keywordseo="isro" source="Orion">ISRO</keyword>.</li><li>The company is currently in talks to raise $40 million funding from new and existing investors.</li><li><keyword id="9750118" type="General" weightage="20" keywordseo="skyroot" source="Orion">Skyroot</keyword> was founded by former ISRO scientists <keyword id="7537908" type="General" weightage="20" keywordseo="Pawan-Kumar-Chandana" source="Orion">Pawan Kumar Chandana</keyword> and Naga Bharath Daka.</li></ul>Indian space startup Skyroot Aerospace is in talks to raise $40 million from both new and existing investors in the Indian startup ecosystem, in order to fund its commercial operations that are scheduled to launch next year. The company has previously raised<a href="https://www.businessinsider.in/business/startups/news/skyroot-aerospace-raises-11-million-in-funding-with-plans-to-have-vikram-1-on-the-launch-pad-by-mid-2022/articleshow/82788901.cms"> $11 million in Series A</a> round, which is the biggest funding round announced by any Indian spacetech startup. Its rival Agnikul had also announced its<a href="https://inc42.com/buzz/spacetech-startup-agnikul-raises-11-mn-to-take-next-step-in-satellite-innovation/"> $11 million</a> funding round the same date. Skyroot is backed by Greenko Group founders Anil Kumar Chalamalasetty and Mahesh Kolli. Other notable investors also include former WhatsApp global business chief Neeraj Arora, Graph Ventures, and Worldquant Ventures. The company had also raised over ₹10 crore from Mukesh Bansal, who had founded Myntra (bought by Flipkart) and Cure.fit, back in 2018. The company’s previous fundraise of $11 million will be used by Skyroot to complete development of its satellite launch vehicle by mid next year. When asked about the planned $40 million funding, Pawan Kumar Chandana, cofounder and chief executive of Skyroot, told Business Insider, “New capital [is] to ramp up production for commercial launches in 2022 and 2023.” Testing India's first cryogenic rocket engine by a private company The journey of Skyroot Aerospace has been of many firsts. It is the first <a href="https://m.economictimes.com/tech/startups/skyroot-aerospace-first-spacetech-startup-to-formally-sign-up-with-isro/articleshow/86118177.cms" data-type="tilCustomLink">private companies </a>to formally work with the Indian Space Research Organisation (ISRO) to test and qualify its small rocket, capable of lifting up to 2,000 kilograms. The company — founded by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka in 2018 — has added another feather to its cap. Skyroot Aerospace is now the first Indian private aerospace company to successfully test a fully cryogenic rocket engine, named Dhawan-1 in honour of eminent Indian scientist Satish Dhawan. The engine runs on two high-performance rocket propellants (a combination of fuel and oxidiser to move the rocket) — Liquid Natural Gas (LNG) and Liquid Oxygen (LoX). In this case, LNG is the fuel which is mostly made of methane and LoX is the oxidiser, both of these elements mix and produce energy to drive a rocket. <div type="image" title="INTERVIEW: These former ISRO scientists are hoping for the biggest-ever funding in the Indian spacetech industry" msid="87923115" hostid="261" caption="&amp;lt;p&amp;gt;Dhawan-1, Skyroot&amp;#39;s fully cryogenic rocket engine&amp;lt;/p&amp;gt;"></div> These propellants can be stored at extremely low — also known as cryogenic — temperatures of less than -150° celsius. Therefore, it is called a cryogenic engine. Simplifying a cryogenic engine Rockets usually run on liquid hydrogen and kerosene, which have their own issues when dealing with extreme temperatures in space, Skyroot’s chief executive Chandana explained to Business Insider. Hydrogen is difficult to handle, highly inflammable and starts boiling at higher temperature, whereas kerosene freezes sooner. Cryogenic propellants like Methane used in liquid natural gas (LNG) and oxygen used in Liquid Oxygen (LoX) are much more efficient to handle and are cleaner. Therefore, they are the propellent for the future. A team of 20 people at Skyroot have been working on this technology for the last two years, and started manufacturing in October 2020. No company has flown these propellants to space yet, Chandana added. Skyroot’s cryogenic engines are 3D printed, which is reducing the manufacturing time by 95% and increasing efficiency of the engine compared to conventional methods. “Conventional engines have several components welded and limitations on the contours that can be manufactured,” Chandana added. These engines give out higher efficiency compared to a conventional alternative engine, he added. An add-on to boost Skyroot’s in-house developed technology While there is still time for Skyroot to take this technology to space, it is planning to launch its Vikram-1 next year by incorporating it into the company’s in-house orbital vehicle Vikram series to carry small satellites to space. The Vikram Series has three vehicles to its product line. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Orbit Vehicle </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Feature </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vikram 1 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Orbit vehicle developed in partnership with ISRO. It will be launched to space by next year. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vikram 2 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">An upgraded version of Vikram-1, would run on a cryogenic engine. It will improve Skyroot’s capacity to carry satellites to space and the cost decreases. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vikram 3 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Would have an add-on booster to further enhance efficiency and capacity of a cryogenic engine. </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> The company will not be licensing or selling its cryogenic engine technology to any other partners, but will use it to boost its operations. It will partner with other companies that have the capability of manufacturing satellites, mainly in earth observation and communication satellites, and help them launch it to space. <div type="image" title="INTERVIEW: These former ISRO scientists are hoping for the biggest-ever funding in the Indian spacetech industry" msid="87912018" hostid="261" caption="&amp;lt;p&amp;gt;Skyroot&amp;#39;s satellite launch vehicle Vikram Series&amp;lt;/p&amp;gt;"></div> Hyderabad-based Skyroot claims that it will probably be the cheapest satellite launch vehicle in the world. Skyroot, which competes with Agnikul, another Indian space startup, that makes similar claims about pricing and 3D printing of launchers, will charge a customer based on the weight of the satellite. Agnikul, like Skyroot, is also working with ISRO and plans to launch its orbit vehicle to space by next year. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/asian-paints-denies-poor-governance-allegation-by-proxy-advisory-firm-ingovern/articleshow/87910128.cms" data-type="tilCustomLink">Asian Paints denies poor governance allegations by proxy advisory firm Ingovern that triggered its stock</a> <a href="https://www.businessinsider.in/business/corporates/news/latent-view-analytics-looks-to-acquire-small-data-analytics-companies-focused-in-europe-and-us/articleshow/87911242.cms" data-type="tilCustomLink">INTERVIEW: After a blockbuster listing, Latent View Analytics looks to acquire small data analytics companies focused in Europe and US</a> <a href="https://www.businessinsider.in/investment/news/heres-a-quick-look-at-how-the-evolution-of-cryptocurrencies-has-played-out-in-india/slidelist/87902549.cms">India’s crypto regulations have been caught in limbo — here’s how the past decade has played out</a>

INTERVIEW: These former ISRO scientists are hoping for the biggest-ever funding in the Indian spacetech industry

<ul><li><keyword id="944108" type="General" weightage="20" keywordseo="stripe" source="Orion">Stripe</keyword> participated in the $75 million funding round of <keyword id="404121" type="General" weightage="20" keywordseo="clear" source="Orion">Clear</keyword>, formerly known as <keyword id="2763190" type="General" weightage="20" keywordseo="cleartax" source="Orion">ClearTax</keyword>.</li><li>The acquisition of Recko and the investment in Clear is a part of Stripe’s expansion beyond payments acceptance.</li><li>Clear believes that it has found its product market fit and wants to try its hands in western countries like the UK, Europe and Middle East.</li></ul>Software-as-a-service (SaaS) company Clear, formerly known as ClearTax, bagged<a href="https://www.businessinsider.in/business/startups/news/cleartax-has-bagged-75-million-from-worlds-highest-valued-fintech-startup-stripe-and-others-to-fuel-its-international-expansion/articleshow/87250988.cms"> $75 million last week</a> from several marquee investors to fulfill its extensive expansion plans. The one name that stood out among all the investors was Stripe, the world’s highest valued fintech startup. Dublin and San Francisco-based Stripe — valued at $95 billion — is an online payment processing and credit card processing platform for businesses. The company has raised $2.2 billion to date and is backed by tech giant Google. Stripe made its first investment in India two weeks ago by<a href="https://stripe.com/newsroom/news/recko"> acquiring</a> Bengaluru-based finance operating platform Recko. Recko automates key steps in the payments reconciliation process that slow most businesses down. The acquisition of Recko is a part of Stripe’s expansion beyond payments acceptance, the company said in a press release. “With Recko, we’ll automate their payments reconciliation, a critical input into their overall financial health,” Stripe’s Chief Product Officer Will Gaybrick added. Recko is definitely going to gain from Stripe with access to a much larger user base, but what does Clear have to gain from it? More importantly, what can Stripe gain out of it? Clear’s horizontal SaaS model allows Stripe to enter several domains at once Stripe has confirmed that it is looking to go beyond payments and enter other domains of financial services. Clear’s horizontal SaaS model allows it to work in several domains on financial services all at once, including invoicing, payments, taxes, credit and lending. This company caters to four groups of customers — consumer, small and medium businesses (SMB), enterprises and tax experts such as chartered accountants (CA) or accountants. Archit Gupta, cofounder and chief executive officer (CEO) of Clear, told business Insider that the horizontal SaaS model allows the company to focus on a larger and more varied set of customers. The company has launched one product to help small businesses meet their working capital demand and is underway to launch another one soon. “To run so many things in parallel, we needed capital,” the company said. The Bengaluru-based startup claims to have over 6 million Indians registered on its platform, along with 50,000 tax professionals, 1 million small businesses and 3,000 large enterprises. The company will use a part of this funding for engineering, product and design to add more products to its umbrella. The company will be looking to expand into the payments and credit side. In a previous conversation with Business Insider, Clear’s cofounder Srivatsan Chari added that it will be looking to <a href="https://www.businessinsider.in/business/startups/news/cleartax-is-planning-for-major-acquisitions-as-it-looks-to-leapfrog-its-growth/articleshow/84880048.cms">acquire more businesses </a>to expand its offerings. <div type="image" title="Here is why Clear(Tax) clinched a deal with the world&amp;#39;s most valued fintech company" msid="87509702" hostid="261"></div> The synergy between the two players gets stronger with Clear’s international plans Second and the most important part of Clear’s expansion plan is increasing its geographic footprint and Stripe can be a worthy partner here, given its presence across 135 countries across the globe. Clear believes that its Indian software stack has a global fit and like other SaaS products it wants to try its hands in western countries like UK, Europe and Middle East. Though the company is yet to confirm the markets they would be launching in, the deadline has been set for December 2021. Gupta told Business Insider that the international markets are much larger compared to India. The company expects the international operation to contribute a major chunk of revenue. India will continue to be a significant contributor but not a majority one, Gupta said. Commenting on the synergies between Stripe and Clear, Gupta added, “We are very excited to partner and to learn and prosper more learning on both sides. We’ll learn more and after the quarter I will be able to answer this question much more sharply. But excited to learn and discover. They have a great global vantage point and they are very global in their approach, we are learning global.” “They obviously understand billing very deeply, invoicing very deeply. They understand payments, lending and they got into taxes more recently. I find that the roadmap overlap is amazing. My hypothesis is that we will collaborate much more globally but like I said we’ll be able to answer that question more clearly in 90 days” he added. Ankur Bansal, co-founder of BlackSoil Capital, in a <a href="https://www.businessinsider.in/tech/enterprise/news/amazon-twitter-hyundai-and-dominos-are-buying-indian-software-fuelling-a-75-billion-dream-chased-by-top-vcs-like-sequoia-and-tiger-global/articleshow/85646116.cms">previous interaction </a>with Business Insider said that it’s almost a given for all SaaS companies, who have found their product-market fit, to think global. Having global customers changes the valuation of a SaaS company “dramatically” and offers much better margins to the company. Profitability may only be 18 months away The international expansion plans also flag off Clear’s road to profitability. The company — which claims to be recording a 100% year-on-year growth in its revenue on an annual basis — noted that it will increase the prices of its software solutions by five-six times in India in order to increase the average revenue per user (ARPU). This will be in addition to launching its services abroad, where price points of software products and customer’s ability to pay are much higher. The combination of the two will make the profit margin on Clear’s product even more higher on a consolidated level. Clear — founded in 2011 as ClearTax — posted a revenue of ₹60 crore in the financial year 2020. Keeping the 100% annual increase in revenue, the company’s revenue should be somewhere close to ₹120 crore in FY21. “The financing brings two things — partnership and fuel for expansion. The in depth business is exploding right now. There are massive tailwinds to the business we have built so far. What that means is that India’s digitisation from the government push is very very serious. There have been a lot of COVID-related tailwinds,” Gupta said, adding that companies are getting more serious about digitising. SEE ALSO <a href="https://www.businessinsider.in/business/news/the-strong-financial-performance-of-makemytrip-easemytrip-and-irctc-hints-towards-a-larger-travel-recovery-in-india/articleshow/87503220.cms" data-type="tilCustomLink">The strong financial performance of MakeMyTrip, EaseMyTrip and IRCTC hints towards a larger travel recovery in India</a> <a href="https://www.businessinsider.in/tech/apps/news/whatsapp-may-soon-allow-you-to-delete-messages-going-back-several-years/articleshow/87500597.cms">WhatsApp may soon allow you to delete messages going back several years</a> <a href="https://www.businessinsider.in/stock-market/news/data-analytics-firm-latent-view-analytics-ipo-to-open-on-november-9/articleshow/87501115.cms">Data analytics firm Latent View Analytics’ IPO to open on November 10</a>

Here is why Clear(Tax) clinched a deal with the world's most valued fintech company

<ul><li>For borrowers, there has been a huge surge in options to take loan on gold as banks, new tech platforms like IndiaGold and Rupeek, are piling on this space.</li><li>Ensure that the lender/company that you are mortgaging your gold with, will keep your gold safe and return it when the loan is repaid.</li><li>If you are expecting <keyword id="46002" type="General" weightage="20" keywordseo="gold-prices" source="Orion">gold prices</keyword> to go up in the near future, it is wise to wait before you mortgage the gold.</li></ul><keyword id="130134" type="General" weightage="20" keywordseo="gold-loan" source="Orion">Gold loan</keyword> companies like Muthoot Finance and Manappuram Finance have seen a sharp recovery in gold loans in the June to September quarter. Muthoot’s profit has reached nearly ₹1,000 crore in these three months. Clearly, there is a huge demand for gold loans. While Manappuram is yet to release its numbers, Muthoot has given over ₹6,000 crore worth of loans in these 3 months to new and older, but inactive, customers between June and September, according to a report from ICICI Direct dated November 7. This is the highest amount disbursed by Muthoot in the last 10 quarters and it has led to a surge in the stock price. <div type="image" title="manappuram chart" height="900" width="1200" msid="87587434" hostid="261"></div> For borrowers, there has been a huge surge in options as well. Banks, new tech platforms like IndiaGold and Rupeek, are piling on this space because gold as a collateral makes the loans less risky, especially since prices of the precious metal have been on an uptrend. <div type="image" title="gold prices" height="900" width="1200" msid="87587540" hostid="261"></div> So, here are a few things to keep in mind before going for a gold loan: Trust is the most important requirement. You need to be sure that the lender/company that you are mortgaging your gold with, will keep it safe and return it when the loan is repaid. If you are expecting gold prices to go up in the near future, it is wise to wait before you mortgage the gold. Lenders give loans based on the value of the gold kept as collateral. Therefore, if the price of gold goes up, then one can get a bigger loan for the same amount of gold. If you need a lesser loan, you can reduce the gold offered to the lender. Similarly, if the price of gold falls, the lender may ask you for more gold in the near future to make up for the loss of value in the collateral. So, ask yourself if you would be able to turn up the additional amount, if needed. As George Alexander Muthoot himself has warned in the past, gold loans aren’t usually taken for long durations like two or three years. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div> People mortgage gold jewellery, which is often more precious due to the emotional attachments and memories associated with them, to meet a short-term requirement of a few days or months because the interest rates on gold loans are also high. These are the interest rates charged on gold loans by some of the top lenders <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Interest rate (per annum) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10,000 onwards </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11% to 16% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹25,001 to ₹25 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.50 to 16.95% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,000 to ₹50 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7% onwards </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Mahindra Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,000 to ₹11.5 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% to 17% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to ₹10 lakh onwards </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.5% to 16% </td></tr></tbody></table>Source: <a href="https://www.bankbazaar.com/personal-loan/gold-loan-interest-rates.html">Bank Bazaar</a> While gold loan providers do not ask for the borrower’s credit score, popularly known as CIBIL score, any failure to repay the loan will reduce the borrower’s credit score and affect future loans. If you are providing jewellery as collateral, be sure you won’t need it until the time the loan is repaid and the jewellery is returned. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/latent-view-analytics-ipos-grey-market-indicates-over-100-premium/articleshow/87585958.cms">Latent View Analytics IPO’s grey market indicates over 100% premium</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/spicejets-liquidity-turbulence-hits-worlds-largest-aircraft-leasing-companies/articleshow/87583233.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/spicejets-liquidity-turbulence-hits-worlds-largest-aircraft-leasing-companies/articleshow/87583233.cms">There are several problems ailing SpiceJet and the taxman knocking on its doors is just one of them</a>

If you’re thinking about taking a gold loan, ask these questions first

<ul><li><keyword id="265415" type="General" weightage="20" keywordseo="zoho" source="Orion">Zoho</keyword> is building on top of the technology it has created over the last 25 years, which has allowed it to launch products faster. s.</li><li>Other companies are acquiring technologies, which is a big issue these days, says Zoho.</li><li>Zoho entered edtech with <keyword id="12636762" type="General" weightage="20" keywordseo="trainercentral" source="Orion">TrainerCentral</keyword>, which is being pegged as a rival to “Coursera” and “Udemy”.</li><li>The company now has over 50 apps across every major business category — sales, marketing, customer support, accounting and more.</li></ul>Sridhar Vembu-led software-as-a-service (SaaS) company Zoho has launched over ten new products and services in the past eleven months. They promise to not only serve their usual enterprise clients, but also move into new verticals to serve an entirely new set of customers — from teachers to carpenters to small store owners and more. But if you dig beneath the surface, Zoho has got most of its job done already. The company is building on top of the technology and adding features to products it has created over the last 25 years of its existence, which has allowed Zoho to enter new verticals with the speed of light. “Zoho has spent the last two decades building a strong technology stack that extends from the infrastructure layer to the experience layer. All of Zoho's over 50 business applications are built on this stack, along with a common data model, Praval Singh, vice president of marketing and customer experience at Zoho Corp, told Business Insider. He noted that by working on products for almost every business need, Zoho has acquired the skill-set and know-how to work on adjacent areas too. The company started working on an audio-video (AV) framework a decade ago and the same framework is being used for several <keyword id="12343402" type="General" weightage="20" keywordseo="zoho-products" source="Orion">Zoho products</keyword> and offerings. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Product/Service </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">What does it do? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Base technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zoho Meeting </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Video calling facility </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Audio-Visual technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TrainerCentral </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Education infrastructure to enable teachers to teach online </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Audio-Visual technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zoho Lens </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Smart remote assistant app, which allows technicians to set up online stores </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Audio-Visual technology </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zoho BackToWork </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Workplace readiness solution </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Low-code platform Zoho Creator </td></tr></tbody><tbody></tbody><tbody></tbody></table> Zoho’s argument is that it has built its own technology stack and while most other tech startups and businesses have built their offering through acquisition, it is a “growing problem in the industry.” These already-developed audio-visual, artificial intelligence and machine learning technologies make it easier for Zoho to build new products and enter newer segments much faster. For example, adding a layer of augmented reality and analytics ⁠to these allow it to offer remote assistance. “The common framework also makes us agile. A new product that we start to work on can immediately use our existing micro-services (such as single sign-on) instead of having to reinvent the wheel,” Singh said, adding that Zoho’s leadership has been with the company for over a decade. The company now has over 50 apps across every major business category — sales, marketing, customer support, accounting and more. The company claims to have 70 million users across 500,000 companies. Singh also mentioned that Zoho’s artificial intelligence (AI) technology such as natural language processing (NPL) gets adopted across products across these different brands of Zoho. Zoho also launched <a href="https://www.businessinsider.in/business/news/zoho-adds-features-that-can-turn-a-video-call-into-remote-assistance-for-repairing-cars-appliances-and-more/articleshow/87134428.cms">Zoho Commerce in 2019</a> to enable retailers to set up their online shops and provide them with tools to construct websites, accept orders, track inventory and more. This offering will allow 100 product businesses to set up online stores in three weeks. The offering too has similar features like Zoho Lens and TrainerCentral. Zoho’s latest offering is an attempt to take on <keyword id="1017386" type="General" weightage="20" keywordseo="coursera" source="Orion">Coursera</keyword> and <keyword id="2240844" type="General" weightage="20" keywordseo="udemy" source="Orion">Udemy</keyword> Zoho entered the online learning space with the launch of its latest business vertical TrainerCentral last week. It offers digital platforms to allow individual teachers, solopreneurs and experts in a particular field to offer training online. TrainerCentral — which will be a sister to Zoho’s other brands ManageEngine, Zoho and Qntrl — offers tools like website builder, business administration console, dedicated learner portal, payments gateway, online conferencing and analytics for the trainers. Aarthi Elizabeth, chief brand evangelist of TrainerCentral at Zoho, told Business Insider that Trainer Central is seen as a rival to “Coursera and Udemy” — which enables individuals and universities to offer their courses online. Coursera and Udemy have an entire catalogue of courses being offered online. Meanwhile, Zoho’s TrainerCentral offers a link to trainers who would like to hold live online sessions or classes with their students or customers. Zoho does not have any content ownership, nor any control on the courses being offered to the customers. It simply rents its software for trainers to train online, at a subscription fee of up to ₹3,000 per month. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market cap, as on December 7 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">User base </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Udemy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$2.83 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Over 35 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coursera </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$3.85 billion </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Over 77 million </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: NASDAQ, Media reports The platform has plans to soon integrate with Zoho CRM (customer relationship management) to help trainers engage with leads better and convert customers faster. “Zoho was already in the learning infrastructure space with ShowTime, which was a platform to host live virtual training sessions, webinars and web conferences, therefore already having an established community of trainers and learners, which is an advantage as they do not have to develop a user base from scratch. They are offering this same community a more advanced platform to grow their businesses and to learn better,” investment firm Blacksoil’s founder and chief executive Ankur Bansal told Business Insider. Correction: A previous version of the story has been corrected to reflect Zoho’s point of view. The launch date of Zoho Commerce has been corrected to 2019 and changes have been made to show that TrainerCentral is not just a B2B product. 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