The Reserve Bank of India (RBI) is set to launch its digital lending pilot project for public tech platform for 'frictionless credit' on Thursday.

The RBI, in a notification dated August 14, said the platform is being developed by the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the central bank.

The RBI stated that the Public Tech Platform is designed to facilitate the smooth provision of credit by ensuring the effortless transmission of essential digital data to lenders.

Attention bank customers, two major banks this week have revised the interest rate of fixed deposits. Axis Bank and Canara Bank have revised the interest rates on their fixed deposits for amounts less than Rs 2 crore. The announcement from these two banks comes after the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the third time in a row. The policy interest rate was announced by RBI Governor Shaktikanta Das on 10 August 2023.

At its annual Independence Day extravaganza, this year held in South Africa, Mahindra unveiled the Scorpio N based pickup concept – the Global Pik Up. The Pik Up moniker is what Mahindra currently uses as the model name for its Scorpio Classic-based pickup truck in many international markets.

As we exclusively reported before, the concept will spawn a production pickup (codenamed Z121) and Mahindra says it will be underpinned by a ‘next-generation ladder-frame’ that will fare well in Global NCAP as well as Euro NCAP tests.

ChatGPT was launched in November 2022 and has been making headlines for its sheer brilliance since then. Be it acing various competitive exams, helping students with their assignments, turning a tutor in some cases, composing music and poetry and a lot more, the AI chatbot has aced various tests that people have put it through. However, all this time, there has been one concern that particularly stood out - the accuracy of its responses. And according to a new study, the chatbot's accuracy is once again under the scanner as it failed to answer 52 per cent of software engineering questions correctly. 

The homegrown car maker Mahindra has been getting all the applause for the all-new XUV400 electric. The company also kickstarted dispatching the vehicle to their respective customers. Amid this, some vehicle-related incidents surfaced on the internet, where some of the customers showed concern over the features and expressed displeasure towards the company after getting the delivery.

In a similar incident, a customer who took the early bird offer by Mahindra for EV, slammed the brand and regretted his decision for choosing the offer for XUV400.