Month: October 2018

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International Designer Francesca Launched her Handbag Brand F.E.V. in India

Ludhiana, 25 Oct 2018: International designer from Milan Ms. Francesca E. Versace launched her luxury handbag brand F.E.V. in India. In a glamorous Fashion night in Ludhiana Francesca showcased her new collection along with international and Indian models. The dazzling fashion show was directed by India’s well-known fashion guru Mr. Jeet Brar.

 

F.E.V. means Femininity, Elegance and Versatility, is a luxury handbag line and all things quintessentially Italian in spirit and craftsmanship. This new line-up will be available in all the stores of Galleria Di Lux (Bangalore, Hyderabad & Ludhiana). To make this launch even more exciting, Galleria Di Lux brought forward an opportunity to travel to Milan- the city of Fashion and two nights stay along with a dinner date with Francesca E. Versace for its first 100 bags purchased of F.E.V.

 

Speaking on the occasion, Francesca E. Versace said, “I am very fascinated about India, I like Indian culture and I am very happy and excited to visit India, as it is my first time ever visiting this amazing country. I am here to launch my brand F.E.V in all the stores of Galleria Di Lux. F.E.V is my creation inspired by my Italian roots and charmed upbringing in London and Milan, as an unconventional women's journey and my bohemian approach to life, Fashionably exotic, but ultimately with a down to earth ease.”

 

Galleria Di Lux, the ultimate destination for genuine luxury is a renowned multibrand luxury fashion destination across the world, with Ludhiana as a Fashion hub of India, Galleria Di Lux is unveiled its outlet in the city with a big bang.

 

On this occasion Mr. Jeet Brar said “It was an exciting moment for me to manage a fashion event for an international brand and for a renowned International designer Ms. Francesca E. Versace from Milan. It was a challenging job to match the ambiance to the finest quality of an International brand. 7 International and Indian models walked on the ramp to showcase F.E.V, and it was truly amazing.”

 

Jeet Brar has started his career in fashion industry in 1990, since then he’s managed & directed several prestigious fashion shows and has emerged as Fashion Guru in Indian fashion industry. Lot of Fashion Institutes and Fashion Houses have appointed Mr. Jeet Brar as their Mentor, Fashion consultant and Chief Fashion Adviser.

 

 

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Indian Peer-to-Peer Lending Operators forms Association to Make P2P Industry More Credible

Mumbai, 25 Oct 2018:  After the Reserve Bank of India unveiled guidelines last October recognizing the need for peer-to-peer lending platforms as NBFC-P2P in the country, the regulatory authority had issued first license in May 2018 and since then 9 players have been recognized as NBFC-P2P companies. More than 12 companies are in the process of getting approval from the regulatory authority. Some of them are at advance to mid-level stage.

 

To represent the NBFC-P2P industry at various front as well as to represent country’s P2P lending industry at international forums, most of existing & new players have teamed-up and formed a registered body – Association of NBFC P2P Platforms.

 

The association will work in conjunction with various government and regulatory authorities on matter of compliance. Objective of newly formed association is to establish NBFC-P2P industry in the country and make it more credible while having a cohesive work force for this new born industry.

 

Association members shown their trust in Mr. Pramod Akhramka, Founder OML P2P to lead the association as President, Mr. Rajiv Ranjan, Founder PaisaDukan would be Secretary and Mr. Mukesh Bubna, founder Monexo would be Treasurer of the association.

 

Speaking on the occasion Mr. Pramod Akhramka, President of newly formed NBFC-P2P Platforms association, said “Peer-to-peer lending has emerged as new source of alternate financing globally and paving the way to evolution in this sector in the country. Our objective is to create awareness about peer-to-peer lending in India as well as promoting its merits among individual and institutional customers. The Association will work actively to make some strategic partnerships and collaborations with other stakeholders in the banking and finance industry.”

 

Given the government and the RBI’s decision to include peer-to-peer lending as a part of the national financial regulatory framework, the industry’s prospects in coming years are extremely promising. The Association and all its members will ensure the utmost cooperation with the regulators, facilitating the industry’s expansion on various fronts.

 

Elucidating on the importance of P2P platforms association, Mr. Rajiv Ranjan, Secretary of the association said, “The phenomenon of P2P lending has emerged as an enabler to bring in large number of unbanked people into financial system directly and rapidly. Association would help in bringing more credibility to the segment that is growing at a faster pace at present.”

 

Mr. Mukesh Bubna, Treasurer of the association said, “Association will setup P2P industry standards that will bring in more transparency to the industry. Right now it’s a nascent industry in India, however, by promoting it as an innovative product for alternative finance, peer-to-peer industry will help financial inclusion in coming years.”

 

The association aims to associate with honorary members from various domains to strengthen its authority in the Indian Financial Ecosystem.

 

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Former ICAI President – Uttam Prakash Agarwal (UPA) Joins PaisaDukan as Independent Director

Mumbai, 01 Oct 2018:  NBFC-P2P Lending major PaisaDukan today announced that former ICAI president & monarch of Finance Industry Mr. Uttam Prakash Agarwal has accepted to join the company as an Independent Director. PaisaDukan was the first new entrants to receive the Certificate of Registration from Reserve Bank of India in May 2018 to operate as NBFC-P2P Company.

 

CA Uttam Prakash Agarwal needs no introduction in finance industry. He was elected as one of the youngest President of the Institute of Chartered Accountants of India for the year 2009-10, he also holds the honorary membership of The Institute of Chartered Accountants of Australia and CPA Australia. His professional excellence has been recognized nation-wide by the Honorable “President of India, Her Excellency Smt. Pratibha Devisingh Patil” with “Recognition of Excellence Award”.

 

Commenting on the development Mr. Rajiv Ranjan, Founder & CMD PaisaDukan said “I am delighted that Mr. Agarwal agreed to join the board of PaisaDukan. Now we have strongest company board with cumulative experience of more than 200 years. With his exceptional experience in Finance Industry will be of great benefit to PaisaDukan and company will setup further benchmarks in P2P lending industry.”

 

Mr. Agarwal was in nation-wide news when during his tenure as president he played a key-role in resolving & bringing the culprits to task namely the Auditors who were involved in the India’s Biggest Corporate Scandal” The Satyam Scam”.

 

“I am thankful to PaisaDukan for honor, its exciting time for me. I believe company has already done wonderful job in its niche sector. I’m looking forward to working with the team to enhance services & reach and to develop stronger, more effective strategies. I believe with the help of advanced technologies and board members’ experience company can achieve a global recognition”, said CA Uttam Prakash Agarwal.