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Tata Motors opens pre-bookings for Tigor

Press Trust of India  |  Mumbai 

today announced pre-bookings for its new small car Tigor.

"Anyone can book the car for Rs 5,000," the company said in a statement.

Tigor comes with a break-free and revolutionary design, set to build on the Tata Motors' existing passenger vehicle portfolio, Mayank Pareek, president for passenger vehicles business unit said.

He claimed that the car has received an "overwhelming response" during the preview.

The Tigor is the third product embodying the 'Impact Design' philosophy and will be available in both petrol and diesel variants and will come with Tata Motors' Revotron 1.2 L (petrol engine) and Revotorq 1.05L (diesel engine). PTI BEN ----------

NPCI says no systemic risk with UPI platform

NPCI today clarified that there is no vulnerability or loopholes reported in its Interface for Money (BHIM) application or UPI.

The clarification comes after reports in a section of the media about some technical malfunctions at some banks' unified payments interface.

"We have done intensive testing, robust design of security controls and continuous monitoring of its UPI infrastructure. The environment in which BHIM or UPI is run by NPCI is highly secure and certified with best global practices like PCI DSS ISO 27001," NPCI said in a note.

It further said the application has been audited by reputed IT security firms.

The Corporation has further clarified that all BHIM downloads do not necessarily lead to activation and usage. So far 19.16 million downloads have taken place, out of which 5.1 million customers have been able to link their bank accounts. PTI BEN


ICICI Bank launches Mera iMobile for rural customers

ICICI Bank today launched a unique mobile banking app, 'Mera iMobile' for rural customers that allow access to banking services and information on agri services.

The app, available in 11 languages, can be used by anyone including non-ICICI Bank customers, the largest private sector bank said in a statement.

Mera iMobile allows users in rural areas to avail if as many as 135 services on their mobiles, helping them save the time and cost of visiting a branch to get these services. Services include Kisan Credit Card, gold loan, farm equipment loan and loans to self-help groups.

The bank claimed this is the first banking app to offer agriculture-related information like crop-wise mandi prices of nearly 230 crop varieties across 460 mandis and also offers taluka-wise weather update for close to 3,700 talukas spannning over 300 districts.

(Reopens BCM 22)

Capital Float partners Amazon to disburse loans to e-sellers

Digital lending platform Capital Float today said it has partnered with e-commerce major Amazon India to disburse loans to e-sellers.

"We customise the credit underwriting parameters using cutting-edge technology and big data analytics to help us assess e-sellers individually. Basis the underwriting, we are able to offer customised working capital finance to these sellers in a timely and efficient manner," Capital Float Co-founder and Managing Director Gaurav Hinduja said.

The fintech start-up company has partnered with other e-commerce platforms, including PayTM, Snapdeal and Shopclues, besides Amazon India, it said in a statement.

First Published: Mon, March 20 2017. 19:42 IST