Fiat Chrysler launches Punto EVO Pure priced at Rs 4.92 lakh

* Fiat Chrysler Automobiles India today launched its new hatchback Punto EVO Pure priced at Rs 4.92 lakh (ex-showroom Delhi).

The Punto EVO Pure replaces Punto Pure in the portfolio and becomes the entry-level offering under the Fiat brand, the company said in a statement.

The new car is powered by a 1.2-litre petrol engine with a maximum power of 68 PS at 6000 rpm.

"With the Punto EVO Pure, our entry-level offering in the Fiat portfolio becomes stronger," FCA India President and Managing Director Kevin Flynn said.

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Tata Asset Management restructures Tata Corporate Bond Fund * Tata Asset Management today announced the restructuring of its corporate bond fund in order to meet investor needs for funds with an accrual focus.

The scheme would endeavour to generate returns and capital appreciation by predominantly investing in corporate debt securities of varying maturities across the credit spectrum.

"Currently there is a worrying possibility of rising interest rates. In such a scenario, our fund management view is that a low duration strategy would help on account of low price volatility and accrual income generation.

"The current portfolio strategy would be to keep a short average maturity, thereby limiting interest rate risk," the company said in a statement.

Established in 1994, Tata Asset Management has a pan- India retail oriented presence with branches across 72 locations.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)