Edelweiss General Insurance (EGI) has launched a usage-based motor OD floater policy called Edelweiss SWITCH. It is app-based and driver-centric. Under IRDAI’s regulatory sandbox, the policy offers a special feature of switching it on and off as per the usage. Capable of covering multiple vehicles, it calculates insurance based on the age and experience of the driver. Using a pay-as-you-use[Read More…]
Karnataka has pressed KSRTC buses as mobile fever clinics for COVID-19 testing. These are developed by re-modelling KSRTC buses, and are being used to conduct blood and protein count tests as well. Containing a doctor, three nurses and a lab technician, the mobile clinics measure five in numbers. One of the five vehicles has been provided to the office of[Read More…]
Mahindra & Mahindra (M&M) has announced a 100 per cent on-road funding scheme for its pick up trucks as part of a new finance initiative to drive sales. It has enabled the ownership of BSVI-compliant pick-up trucks by paying an EMI amount that is equivalent to that of a BSIV vehicle. Offered with an option of EMI payment starting from[Read More…]
BlackBuck has raised Rs.25 crores in debt from Trifecta Capital to ramp up its business as few regions in India resume operations, claim sources. They mentioned that the company recently laid-off some 200 people after hitting a rough patch. Known to offer (and issue 250) Series-B debentures and (161) Tranche-B preference shares to Trifecta Capital at a price of Rs.10[Read More…]
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