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Tag: Auto

PhoneParLoan ties up with Bajaj Auto Finance to offer bike loans to delivery jobseekers

PhoneParLoan ties up with Bajaj Auto Finance to offer bike loans to delivery jobseekers

Finance
NEW DELHI: PhoneParLoan today said that it has launched a program to disburse bike loans to candidates looking for a job as a delivery person. The company has tied up with Finance to give out these loans and has already given out nearly a thousand such loans so far. PhoneParLoan has tied up with companies like DTDC and Bisleri, where if a candidate gets selected as a delivery personnel and gets an offer letter, but does not have a bike, they are offered a loan via the PhoneParLoan platform. Chief executive of the company Ashwin Bhambri said that the loans were given out even to those without any money in their bank accounts, as it was based on their future earning potential. He said that the company was "passionate about giving out secured credit", and wanted to reach out to people in...
Beijing auto show crowds check out electric vehicles, luxury cars

Beijing auto show crowds check out electric vehicles, luxury cars

World
Sept. 28 (UPI) -- Crowds flocked Monday to the 2020 Beijing International Automotive Exhibition, the only major international car show held this year because of the coronavirus pandemic, with potential buyers gawking at new luxury cars and electric vehicles. Organizers postponed the show in April when the COVID-19 pandemic dampened Chinese car sales, which dropped by 79% during the February lockdown, Automotive News reported. Advertisement "The timing of the Beijing auto show could not have been any better," said Chen Jinzhu, chief executive of Shanghai Mingliang Auto Service, told South China Morning Post. "The grand show may help the market regain its momentum after months of disappointing sales." More than 90 exhibitors, including established companies such as Audi, Daimler, General Mo...
From Spider-Man to Grand Theft Auto – here’s all 26 games announced for PS5

From Spider-Man to Grand Theft Auto – here’s all 26 games announced for PS5

Technology
Twenty-six games were announced as coming to PlayStation 5 during Sony's launch event for its new console on Thursday, including brand new titles and highly-anticipated sequels.Alongside a first look at the console, which has been unflatteringly compared to a WiFi router from the early 2000s, fans also got a chance to preview some astonishing gameplay footage and handsome cinematic trailers. Sky News has a full roundup of all 26 games revealed for PS5 - starting with the six we're most excited for, followed by the rest in alphabetical order.Warning: Some trailers below contain scenes of strong violence and/or horror. Image: PlayStation 5 will launch later this year 1. Spider-Man: Miles Morales ...
State Bank of India tightens lending terms for auto dealers

State Bank of India tightens lending terms for auto dealers

Finance
MUMBAI: State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn. The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year. The liquidity crunch in non-bank financing, higher insurance costs and rises in taxation have served to increase the pressure on the car sector, with monthly auto sales falling by 17-20% since April. Monthly passenger vehicle sales in June fell by the biggest margin in 18 years. In one internal memo for financing dealers selling vehicles made by Hyundai Motor Co's India unit, SBIsaid it is revising the lending terms because of "growing stress" in the carma...