Mobile Financial News

NPCI) has recently instructed payment applications to disable UPI IDs that have remained inactive for over a year by December 31, reported Business Today. This measure aims to avoid inadvertent fund transfers in cases where customers switch their mobile numbers without unlinking their previous numbers from the banking system.

Amazon Pay, the digital payments arm of ecommerce giant Amazon reported flat growth in operational revenue at Rs 2,093 crore in fiscal 2023 compared to Rs 1,998 crore a year ago. The company's net losses dipped 13% to Rs 1,499 crore in FY23, from Rs 1,740 crore in FY22, mostly driven by a reduction in expenses.

₹2 crore with effect from today, December 29. The increase in rates is largely focused on shorter-term maturity buckets, specifically those less than 1 year.

MG Motor India, the SAIC-owned British brand, plans to launch seven new models in the Indian market over the next couple of years, the company told a group of dealers invited to its headquarters in Shanghai within days of stitching a joint venture with the Sajjan Jindal-owned JSW Group. A spokesperson at MG Motor India declined to comment. During their visit, the dealers were showcased a line-up of models—some of which would be launched in India over the next 24 months, said several dealers who attended the meet earlier this month. On November 30, JSW Group and SAIC Motor announced an India joint venture to expand the operations of MG Motor owned by the Chinese.

Engineering and construction firm Kalpataru Projects International said the company along with overseas subsidiaries and joint ventures bagged new orders worth Rs 3,244 crore and also announced its foray into underground metro rail tunnelling segment. The company said it secured an order for design and construction of an underground metro rail project, marking its foray into electric mobility business with TBM (tunnel boring machine) tunnelling scope. According to a statement, Kalpataru Projects International Ltd (KPIL) along with its joint ventures (JVs) and overseas subsidiaries has secured new orders/notification of awards of Rs 3,244 crore. It has also got orders in the buildings & factories (B&F) business, including KPIL's largest ever design and building contract for a residential project in south India with a built-up area of approximately 13 million square feet from a reputed developer. Besides, the company got orders in the Transmission & Distribution (T&D) business from overseas markets. «We are delighted to announce strategic order wins across diverse businesses.

NPS contributions more accessible, efficient, and flexible. This initiative by PFRDA will empower NPS subscribers to take control of their retirement savings and benefit from the advantages of systematic investment planning. Under this new mechanism, subscribers can utilise the UPI QR Code to transfer their contributions.

In August, Chandrayan-3’s landing on the moon signified more than India’s advancement in science and technology. It signalled to the world India’s spirit of innovation, extraordinary talent and the desire to invest in the power of technology to change lives and take the country forward. In many ways, India is already leading the world in people-centred innovation.

In the recent state elections, incumbent governments in all except Madhya Pradesh lost. There are many factors that influence the electorate’s voting behaviour, with economic performance being important but not the sole one. So, drawing any conclusion on the relative performance of states based on election results is unlikely to yield fair conclusions.

TU article the key factors in choosing the best binary trading platform in India. Analysts emphasized that market participants should make sure that the selected brokerage is overseen by reputable international authorities like (Cyprus Securities and Exchange Commission) CySEC or the Financial Conduct Authority (FCA). Comparing brokers based on user trust and activity is another effective strategy.

Motorola's plans for the next year. The product lineup for 2024 from the Lenovo-owned company includes a fresh iteration of the Razr model, adds the report. The upcoming Razr phone is set to feature a redesigned look and incorporate artificial intelligence.

Delhi court on Thursday extended by one day the Enforcement Directorate custody of three Vivo-India executives in connection with a money laundering probe against the Chinese smartphone-maker and others. Additional Sessions Judge extended the custody of Interim CEO of Vivo-India Hong Xuquan alias Terry, Chief Financial Officer (CFO) Harinder Dahiya and consultant Hemant Munjal on an application moved by the ED. The federal agency had earlier arrested four people — mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik — in the case.

₹5,000. Finding a printer within this price bracket might seem like a daunting task, given the plethora of choices. But fret not; we’ve done the heavy lifting for you.

Mercedes-Benz India is gearing up for the launch of the facelifted GLS, its flagship model, on January 8, 2024. The SUV, revealed globally earlier, boasts a redesigned front grille, updated headlamp cluster, and modified front bumper. Riding on new 20-inch alloy wheels, the GLS facelift offers an enhanced exterior.

businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day — the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. «Today, the domestic and global environments for business are changing very fast. There is simply no room for complacency,» he said. «Reliance was never complacent in the past, and Reliance will never be complacent in future.»

ANI, Mishra said, "Aarti is held at three times a day. Only pass-holders can attend it. The pass for the aarti can be obtained by producing government-issued ID cards.

personal loans. Unravelling the destination of these trillions in personal loans poses a captivating and pivotal question. Discerning where this capital is directed enables us to assess the influence of credit expansion on the Indian economy and pinpoint potential areas of concern.

SEBI had extended the deadline to 31 December. The move is aimed at helping investors to secure their assets and pass them on to their legal heirs.

The National Payments Corporation of India (NPCI) has started the process to deploy ‘UPI Tap and Pay’ across digital payment providers soon after the apex body released details on the feature’s roll out, reported Business Standard. 

MUMBAI : Indian economy remained resilient amid global uncertainties, allowing the domestic banking sector to deliver strong performance in FY2023 and the first half of this financial year, said State Bank of India chairman Dinesh Khara. “The Indian economy has continued exhibiting robust resilience during the current year too, building upon the momentum initiated during 2022-23, notwithstanding the global turmoil as escalating multiple footprints of geopolitical tensions threaten to change the terms of trade, clocking growth rate of 7.7% in H1 of FY24, the highest among major economies in the world," said Khara, speaking at SBI’s banking and economics conclave.

Enforcement Directorate (ED) on Wednesday said it has attached assets worth more than Rs 278 crore of various entities, including those with links to China, in a money-laundering probe over the alleged cheating of investors through mobile phone-based app "HPZ Token". The ED had earlier attached properties worth Rs 176.67 crore in the case.

immigration consultancy firm in Gujarat's capital Gandhinagar were arrested by the state Crime Investigation Department (CID) on Wednesday for allegedly forging bank account statements of visa seekers, said an official. Investigation revealed that the accused trio used to prepare fake statements of their clients' bank accounts and attach the forged documents with their visa applications to get speedy approval from the authorities, said a release by the state CID (Crime and Railways). Embassy officials review bank statements to ensure that visa seekers meet the financial requirements for their intended stay in the host country.