Mobile Financial News

Hong Kong customs officials have arrested seven people linked to the territory's largest money laundering case on record, involving about $1.8 billion

Oppo, Vivo and Realme smartphones in partnership with Indian manufacturers Dixon Technologies and Karbonn Group, said people with knowledge of the matter. This is partly owing to pressure from the government to get local partners and benefit from the production-linked incentive (PLI) scheme for phone manufacturing, they said. The move comes despite Oppo and Vivo having a large smartphone plant each in India. These make the entire range of BBK Group brands, such as Oppo, Vivo, Realme, OnePlus and iQoo. Industry executives said Chinese smartphone companies are cautious about directly investing in their own plants for capacity expansion after increased scrutiny in the last few years, ranging from alleged customs duty and income tax evasion to money laundering. The ir bank accounts had also been frozen, forcing them to take legal recourse to ensure business continuity. Investigations are ongoing. Chinese companies came under pressure in India following the escalation in border tensions a few years ago.

In the latest episode of the Cryptonews Podcast, host Matt Zahab sat down for a meaningful discussion with Jon Trask, the CEO of the blockchain-based, agriculture technology-focused Dimitra platform.

UK Home Office has announced a new ballot for the India Young Professionals Scheme. The upcoming draw is set to begin on February 20, 2024, and end on February 22, 2024. This initiative allows successful applicants, aged between 18-30, to reside, work, and study in the United Kingdom for a duration of 24 months. During the ballot period, starting at 2.30 pm on February 20, 2024, and ending at 2.30 pm on February 22, 2024, eligible Indian nationals with a bachelor's degree or higher can participate. The criteria also include having savings of at least GBP 2,530, with no dependent children under 18. Once selected, individuals have 90 days to apply for the visa, pay the associated fees, including the immigration health surcharge, and provide biometrics. You must travel to the UK within 6 months of applying for your visa. Think you check all the immigration boxes? Find out In 2024, a total of 3,000 slots are allocated for the India Young Professionals Scheme visa. The majority of these spots will be offered in the upcoming February 2024 ballot, with the remaining places available in a July 2024 ballot.

Stocks that traded heavily or had substantial price changes on Thursday: Deere, Fastly fall; AppLovin, Shake Shack rise

India (RBI) on Friday issued a set of FAQs relating to the Paytm Payment Bank crisis. The central bank said that the FASTag linked with Paytm Payment Bank can be used only till March 15, 2024. However, the RBI has suggested alternative methods to avoid inconvenience for users. Here's what it said in its set of FAQs:

Paytm Payments Bank Ltd. (PPBL) in terms of basic banking services and new deposits till March 15. It has also issued a set of frequently asked questions (FAQs) to provide clarity to customers having a savings account with the payments bank.

What is an NCMC card, and can users continue to use NCMC cards issued by Paytm Payments Bank after March 15, 2024? NCMC stands for National Common Mobility Card, which is an interoperable transport card facilitated by the Indian government. Users can continue to utilize NCMC cards issued by Paytm Payments Bank until the available balance is exhausted. However, they won't be able to add funds to these cards after March 15, 2024. Users are advised to obtain NCMC cards from other banks or non-bank prepaid instrument (PPI) issuers before the deadline to avoid inconvenience. Will it be possible to add funds to NCMC cards issued by Paytm Payments Bank after March 15, 2024? No, after March 15, 2024, users will not be able to add funds to their NCMC cards issued by Paytm Payments Bank. It's recommended that users obtain NCMC cards from alternative banks or non-bank PPI issuers before the specified date to prevent disruptions.

labour-strained Taipei seeks to expand its foreign workforce beyond its traditional source countries of Southeast Asia, Reuters reported. Meanwhile, local media reports said Taiwan seeks to hire more Indian workers to address labour shortages in the manufacturing, construction, agriculture, and fishery industries. Taiwan is a major semiconductor producer but with an ageing society.

₹25,000, bringing the S1 Pro to ₹1.30 lakh, the S1 Air to ₹1.05 lakh, and the S1 X+ to ₹85,000, all ex-showroom. As per the publication, this move follows a similar strategy in January when Ola Electric offered discounts such as a flat ₹20,000 off on the S1 X+ and additional benefits like free extended warranty, exchange bonuses, and credit card discounts on the S1 Pro and S1 Air. Reportedly, potential buyers were also provided with attractive finance options, including zero down payment, no-cost EMI, zero processing fees, and an enticing 7.99% interest rate.

Paytm Payments Bank to stop offering basic banking services from February 29, mainly due to onboarding of customers and merchants without adequate KYC (know your customer) processes. Persistent non-compliance of regulations was the reason behind the stringent action by the RBI which had warned Paytm two years ago and had also engaged with it.

subsidies may be tapered in favor of a smaller outlay under a new or extended version of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles or FAME-II scheme. Government officials with direct knowledge of the discussions told Mint on Wednesday that could be the case. For now, uncertainty surrounds the fate of electric vehicle (EV) incentives, with the ₹11500 crore FAME-II scheme set to expire this financial year, sparking discussions about the potential transition to FAME-III.

Gemini 1.5 Pro model boasts performance levels akin to the larger Gemini 1.0 Ultra model, according to Google. The release follows OpenAI's success with ChatGPT in late 2022, prompting Google to position itself as a major player in cutting-edge generative AI technology capable of creating text, images, and videos based on user prompts. Gemini, initially released by Google in December, offered three versions tailored for various tasks and compatible with a range of devices, from mobile to large-scale data centers.

PTI has reported. The next round of the talks is set to take place on Sunday i.e. on 18 February.

Bharat Bandh 2024 LIVE They emphasized their desire for a peaceful resolution rather than confrontation. The talks occurred amidst a standoff between protesters and security personnel at two locations along the Punjab-Haryana border. Sarwan Singh Pandher, coordinator of the Kisan Mazdoor Morcha (KMM), addressed the media following the meeting, stating that the leaders of the farmers' union have reassured the cabinet ministers of their “commitment to dialogue." Also Read: Farmers Protest LIVE Updates: Mobile internet services to remain suspended in 7 Haryana districts till February 17 Pandher expressed apprehension regarding the ongoing situation, citing issues such as the suspension of social media accounts and the use of tear gas during otherwise peaceful interactions, “We said we are not Pakistan.

Analysts at most top brokerages raised or retained their share price targets on M&M after the company’s net profit in its third quarter exceeded expectations. Stock jumped 6.81% to close at Rs 1,769.8 on Thursday after hitting its 52-week high of Rs 1,784.9. The average analyst price target on the company available on Bloomberg after Q3 results stood at Rs 1884.8, implying an upside of 6.5% from Thursday’s closing. Analysts at Kotak Securities said that although near-term demand for tractors is expected to be muted, the demand for SUVs is likely to remain steady, supported by a robust order backlog.

The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp. and seven other oil and gas companies after reviewing their efforts to shift to a low-carbon economy.

By Seher Dareen and Ross Kerber

Reality Metaverse recently released a collection of 2000 NFTs linked to properties and buildings in Landlord Go: Trade Real Estate, enabling holders to receive 30% of revenue from the game.

Meta Platforms on Thursday fired the latest shot in its longstanding feud with Apple. The Facebook parent published instructions encouraging advertisers to use a workaround to avoid paying a 30% service charge to Apple.

Arcatron Mobility, a fast-growing consumer medical company, said it has raised growth capital from OrbiMed, a global healthcare-focused investment firm. Existing investors BL Taparia Family Office, Chona Family Office, MGA Ventures and founders of Arcatron also participated in the round. The funds will be utilized to ramp up R&D efforts, develop new products and enhance branding and marketing. Most of Orbimed’s deals are in the range of $15 million to $35 million «This investment is a catalyst for expanding product development and reaching more customers. We are excited about the opportunities that this partnership with OrbiMed opens up,» said Arcatron's co-founder Ganesh Sonawane.