Book tatkal railway tickets now & pay later New Delhi, August 3 (IANS): People can now pay later for tickets booked under the tatkal quota on the Indian Railway Catering and Tourism Corp (IRCTC) website, it was announced on Wednesday. Till now, this service was available only for general reservations. For tatkal bookings people had to pay first via the standard online payment gateways before the IRCTC portal confirmed their ticket. F or tatkal tickets, IRCTC users will be able to pay via cash, debit card or credit card by opting to have tickets delivered at their doorstep, said IRCTC payment provider Anduril Technologies. IRCTC processes 130, 000 tatkal transactions daily. A majority of these tickets is booked within minutes of the quota opening. The new feature eliminates the transaction failures as often the money gets debited and the ticket is not issued due to multiple reasons. The refund cycle is of about seven to 15 days. He said it will hugely benefit millions of travellers. Indian Oil Corp first-quarter profit falls 45% but beats estimates New Delhi, August 3 (Reuters): Indian Oil Corp Ltd said on Thursday net profit fell 45% in its fiscal first quarter of 2017, beating analysts’ estimates, as higher inventory losses and lower refining margins weighed on profitability. Net profit was Rs. 45.49 bn ($714.83 mn) in the quarter ended on June 30, compared with Rs. 82.69 bn a year earlier, the country’s top refiner said. Analysts on average had expected a net profit of Rs. 30.63 bn for the first quarter, Thomson Reuters data showed. The company’s quarterly average gross refining margins, or profit earned on each barrel of crude processed, eased to $4.32 per barrel, compared with $9.98 per barrel in the same period last year. MobiKwik to be India’s first debit-cum-credit wallet: Co-founder New Delhi, August 3 (IANS): After MobiKwik announced it had raised Rs 225 crore from Bajaj Finance, the digital payments wallet on Thursday said it was all set to become the country’s first debit-cum-credit wallet. “Mobikwik is becoming India’s first debit plus credit wallet, where people could have exclusive credit lines, credit cards and EMI cards mapped through the app, increasing the purchasing power of users and enabling them to get lending products available at cheaper interest rates,” MobiKwik Co-founder Upasana Taku told IANS. Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is an Indian wallet major with a network of over 15 lakh direct merchants and 55 mn plus users. It has raised funding from investors like Sequoia Capital, American Express and Tree Line Asia.
