Vi launches Vi Finance on Vi App to offer hassle-free access to loans, FDs, and credit cards
Vi launches Vi Finance on its app to offer easy access to loans, FDs, and credit cards. 'We are enabling customers to take control of their finances without the usual complexities,' said Vi CMO Avneesh Khosla. By Riddhima Jain Published on July 29, 2025, 14:41 IST
India's leading telecom operator Vi (Vodafone Idea) has launched Vi Finance, a new platform on the Vi App that allows customers to easily access personal loans, fixed deposits, and credit cards. The platform aims to simplify financial management for users by offering a digital-first, paperless, and secure experience.
The company has partnered with Aditya Birla Capital, Upswing Financial Technologies, and Credilio to power the platform's offerings. Vi Finance builds on the app's current lifestyle features such as utility payments, entertainment, gaming, and shopping discounts, positioning the Vi App as a one-stop destination for digital lifestyle and finance needs.
Avneesh Khosla, CMO, Vi said, 'At Vi, we are committed to bringing convenience to our customers' lives through digital solutions. By making financial solutions easy, quick, and accessible within the Vi App with Vi Finance, we are enabling customers to take control of their finances without the usual complexities. Our partnerships with trusted financial institutions ensure that every customer can find the right product for their needs. We believe this digital-first, paperless approach will simplify how millions of Indians manage their finances.'
Vi Finance offers the following services: Personal Loans : In partnership with Aditya Birla Capital, Vi customers can apply for loans starting at ₹50,000 with interest rates from 10.99% per annum. The process is entirely digital and collateral-free, requiring minimal documentation.
Fixed Deposits : Through Upswing Financial Technologies, users can invest in FDs starting at ₹1,000 with assured interest of up to 8.4% from various leading banks. All FDs are covered under the Deposit Insurance and Credit Guarantee Corporation up to ₹5 lakh per bank.
Credit Cards: In collaboration with Credilio, Vi Finance offers access to credit cards from top banks like SBI, Axis Bank, and HDFC. It also provides FD-backed credit cards for customers with limited credit history. Benefits include cashback, discounts, reward points, and EMI options.
Vi Finance is now available on the Vi App, which can be downloaded from the Google Play Store or Apple App Store.
Ahmedabad Plane Crash
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business of Fashion
10 hours ago
- Business of Fashion
Nykaa Revenue Surges, Profit Doubles in Second Quarter
FSN E-Commerce Ventures, the parent of Indian beauty products retailer Nykaa, posted a quarterly profit on Tuesday that more than doubled, benefiting from new brand tie-ups and steady demand for makeup and skincare. The company, which retails an array of brands such as Estée Lauder and actor Katrina Kaif's Kay Beauty both online and offline, said profit rose to 233.2 million rupees ($2.66 million) for the first quarter ended June 30, from 96.4 million rupees a year ago. Indians, especially the affluent, have not shied away from spending on skincare and cosmetics — a category that outperforms others even during a consumption slowdown — helping prop up the $28-billion beauty and personal care industry in India. Nykaa added brands such as luxury offering Chanel, Korean skincare label Aestura and sunscreen maker Supergoop to its product line-up, lifting revenue in its beauty business 24 percent to 19.75 billion rupees. The growth was driven by a focus on reaching more customers across online and offline stores and offering higher-end products, Nykaa said. That, coupled with a 15 percent rise in its fashion business, which sells apparel and accessories from brands such as Victoria's Secret and Titan's Mia, pushed overall revenue up 23 percent at 21.55 billion rupees. By Praveen Paramasivam; Editor: Janane Venkatraman Learn more: Inside the Indian Beauty Retail Wars The battle for exclusive international beauty launches is intensifying as Nykaa, Tira and more set their eyes on expansion.
Yahoo
a day ago
- Yahoo
ASTS Stock Before Q2 Earnings: A Smart Buy or Risky Investment?
AST SpaceMobile ASTS is scheduled to report second-quarter 2025 earnings on Aug 11, 2025, after market closes. The Zacks Consensus Estimate for revenues and earnings is pegged at $5.15 million and a loss of 19 cents per share, respectively. Over the past 60 days, the earnings estimate for ASTS for fiscal 2025 has remained unchanged, and for fiscal 2026, it has declined by 8.54%. Image Source: Zacks Investment Research Earnings Surprise History The company delivered a negative four-quarter earnings surprise of 2.59%, on average. In the last reported quarter, the company delivered a negative earnings surprise of 17.65%. Image Source: Zacks Investment Research Earnings Whispers Our proven model does not conclusively predict an earnings beat for ASTS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP currently has an ESP of +26.32% with a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank stocks here. Factors Shaping the Upcoming Results During the quarter, ASTS formed a strategic collaboration with Vodafone Idea (Vi), a prominent network service provider in India, to bring satellite-based mobile connectivity directly to smartphones across the this partnership, AST SpaceMobile is set to deploy and manage the satellite constellation, while Vi will manage the ground network infrastructure. Once operational, this will open up new possibilities in the domain of emergency response, disaster management, agriculture, remote learning, remote work and several other applications. The company also collaborated with Fairwinds Technologies to evaluate the applicability of space-based mobile broadband in defense the quarter under review, the company has retired $225 million aggregate principal amount of the 2032 convertible notes to reduce its debt burden and cash interest obligations. This represents approximately half of the 2032 convertible notes, with an aggregate principal amount of about $235 million remaining outstanding. This has enabled ASTS to free up cash for research and development activities to propel long-term growth. However, the company operates in a highly competitive mobile satellite services market. The company is facing stiff competition from other major players such as SpaceX's Starlink and Globalstar. Hence, to maintain its competitive edge, ASTS has to continuously innovate its services, which increases operating expenses and lowers margins. Moreover, the company relies on third-party launch providers. Any failure, delay, or underperformance by these providers could disrupt the timely deployment of its satellites, potentially disrupting its operations. Price Performance Over the past year, ASTS has gained 136.3% compared to the industry's growth of 31.5%. However, it has outperformed peers like Viasat Inc. VSAT and Iridium Communications, Inc. IRDM over this period. Viasat has increased 18.5%, while Iridium has declined 11.5% during this period. Image Source: Zacks Investment Research Key Valuation Metric of ASTS From a valuation standpoint, ASTS is currently trading at a premium compared to the industry. Going by the price/sales ratio, the company's shares currently trade at 62.01 forward sales, higher than 3.58 for the industry. Image Source: Zacks Investment Research Investment Considerations AST SpaceMobile is planning to deploy around 60 satellites in the coming two years. The company is still operating in the pre-commercial phase without any consistent source of revenue. The deployment of its full constellation requires significant capital spending, and with limited operational history, any major investment in the company is a high-risk bet. Regulatory policy changes in countries where ASTS operates can also impact its the company is affected by unfavorable macroeconomic conditions. Rising inflation, higher interest rates, and volatility in the capital markets negatively impact its operations. The company is also affected by rising satellite costs owing to higher tariffs. Fluctuation in satellite material prices owing to such factors raises uncertainty related to AST SpaceMobile's growth prospects in the near addition, Viasat is steadily ramping up its investment in the broadband communication platform to launch reliable direct-to-device satellite services. The company is forming a collaboration with major telecom operators worldwide to demonstrate the applicability of its service offerings. Iridium has also accelerated its effort to develop direct-to-device services. These factors could pose a major challenge to ASTS's growth initiative in the future. End Note A comprehensive patent portfolio, collaboration with major telecom operators such as Verizon, AT&T and Vodafone may give ASTS an edge in the long run. But with growing geopolitical volatility, tariff uncertainty and other macroeconomic challenges, ASTS' growth prospects look muted in the near premium valuation remains a concern. Downward estimate revision underscores bearish sentiment over the stock's growth potential. Hence, investors will be better off if they avoid investing in this stock currently. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Viasat Inc. (VSAT) : Free Stock Analysis Report Iridium Communications Inc (IRDM) : Free Stock Analysis Report AST SpaceMobile, Inc. (ASTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
2 days ago
- Business Upturn
Taneira Launches GI-Tagged Sarees to Celebrate National Handloom Day
Tata Group's ethnic wear brand Taneira has introduced Geographical Indication (GI)-tagged sarees on National Handloom Day, starting with Banarasi, Chanderi, and Maheshwari weaves. The initiative aims to authenticate origins, protect India's textile heritage, and empower artisans through certified, traceable sourcing. By Riddhima Jain Published on August 11, 2025, 12:09 IST Taneira, the Tata Group's women's ethnic wear brand, has introduced Geographical Indication (GI)-tagged sarees to mark National Handloom Day, aiming to promote authenticity in India's handloom sector and highlight the work of traditional artisans. The first phase of the launch features GI-certified Banarasi, Chanderi, and Maheshwari sarees, with plans to extend coverage to 10 more weaving clusters. GI tags serve as proof that the sarees originate from their respective regions and are crafted by local artisans using traditional methods. Taneira is collaborating with vendor partners and weaving clusters to secure GI certifications, offering documentation assistance, legal guidance, and on-ground support. These sarees will also carry additional quality and authenticity markers, such as the Handloom Mark, Silk Mark, Zari Certification, Khadi Certificate, and Pashmina Certification. 'By partnering with craft clusters and offering certified weaves, including GI-tagged products, we aim to build a transparent supply chain that empowers artisans and enables customers to make informed, conscious choices,' said Ambuj Narayan, CEO of Taneira. Founded in 2017, Taneira works with over 100 weaving clusters across India and operates 18 Weavershala facilities to enhance production techniques while preserving traditional craftsmanship. The brand has expanded to more than 80 stores across 41 cities and offers international online delivery. Ahmedabad Plane Crash
