Mobile Financial News
12.12 / 17:39
Citi
Target
Manufacturing
CEO
Strategy
Mobile
exclusive
Gogoro to make electric two-wheelers in India; set up battery swapping network
Gogoro is looking to scale up investments in the Indian market to make electric two-wheelers locally and set up a battery swapping network to support these vehicles over the next few years. “We have invested $650-700 million in Taiwan so far to set up 12,000 swapping stations, which has in circulation 1.3 million batteries for us and our partners. The Indian market is 20X that.
12.12 / 13:55
Digital
Aware
Mobile
track
country
cover
Department
Financial
Private Banks should increase participation in financial inclusion schemes: DFS secretary Vivek Joshi
Vivek Joshi said on Tuesday that banks will have to operationalize inoperative accounts, encourage nominations, and create awareness about cyber fraud. There can be more penetration of PM Jeevan Jyoti Bima Yojana and PM Suraksha Bheema Yojana, he said, making a case for increased participation from private banks in the government's flagship financial inclusion schemes.
12.12 / 12:53
Target
FIVE
Manufacturing
Mobile
awards
electronic
reports
Dixon’s ramping up its mobile and IT hardware biz, but that may dilute margins
Dixon Technologies (India) Ltd has big plans. Over the next six years, the electronics manufacturing services (EMS) company intends to achieve cumulative revenue of Rs48,000 crore from the government’s IT hardware production-linked incentive (PLI) scheme. In this backdrop, Dixon’s latest announcement should help.
12.12 / 12:41
Provident
Google
Mobile
Apple
economy
President
2020
Alphabet slips as Google loses antitrust case against Fortnite's maker Epic
Alphabet (NASDAQ:GOOGL), the parent company of Google, shares experienced a decline of 1.3% in premarket trading following a court ruling in an antitrust case against Fortnite maker Epic Games Inc.
12.12 / 10:07
Citi
Provident
Mobile
Metro
country
cover
social
KfW to give €500 mn for Bengaluru Metro expansion
Metro Rail Corporation Ltd (BMRCL) to provide €500 million (around ₹4,500 crore) in financial assistance for the expansion of the Bengaluru Metro. The funding, which includes loan and grants, will help the metro’s expansion plans as well as provide technical expertise to the metro project. KfW, which is looking to expand its funding for green energy and sustainable mobility projects in India, is also financing metro projects in Mumbai and Nagpur among other cities.
12.12 / 08:53
Man
Mobile
TikTok
country
consequences
travelers
medicines
Cruise Ships Are Kicking Off Passengers With Pot
Cruise travelers wanting to smoke pot or chew gummies are running into a problem: cruise lines trying to eradicate all types of cannabis products on board. Cruise lines say they are simply following federal law, and that marijuana is illegal in many countries they sail to. They say that they also want to create a comfortable experience for nonusers.
12.12 / 08:31
Digital
CEO
Mobile
Pool
Inside
audience
2020
International
US video game developer Riot Games to debut international esports tournament in India
video game developer and publisher Riot Games is hosting its debut international esports tournament in India and doubling down its investments to strengthen the grassroots ecosystem for its first-person shooter (FPS) games in India. “The ‘Convergence’ IP was created specifically with the Indian audience in mind. We wanted the Indian VALORANT fan to experience the thrill of an international tournament and it is, in reality, a thank you message to the Indian gaming community,” Sukamal Pegu, esports lead — India and South Asia at Riot Games told ET. “Since the launch of VALORANT in 2020, India has become one the biggest regions for the game in the APAC region.
12.12 / 07:41
Target
Mobile
Nokia
Nokia Cuts Operating Margin Guidance Amid Challenging Market
Nokia cut its operating margin guidance as market conditions in its mobile networks business remain challenging, with operator spending falling and a normalization in India after a period of rapid 5G deployment. The Finnish telecom equipment maker said Tuesday that it now targets a comparable operating margin target of at least 13% by 2026, from at least 14% previously.
12.12 / 07:41
Digital
Google
Platform
Mobile
Apple
Bill
reports
Fornite maker Epic Games wins antitrust battle against Google. Here's what you should know
Epic Games has won the antitrust case against Google, with the jury siding with the gaming company's claim that Google is acting as a "monopoly". Epic Games had claimed during the trial that Google's practice of taking a 30% commission on its Play Store leads to stifling of competition and a reduction in innovation.
12.12 / 01:55
Provident
Google
Fighting
Mobile
Apple
2020
Department
play
Epic Games wins in antitrust court fight over Google’s Play Store
Google had violated antitrust laws to extract fees and limit competition from Epic Games and other developers on its Play mobile app store, in a case that could rewrite the rules on how thousands of businesses make money on Google's smartphone operating system, Android. After deliberating for a little more than three hours, the nine-person federal jury sided with Epic Games on all 11 questions in a monthlong trial that was the latest turn in a three-year legal battle.
12.12 / 00:47
Manufacturing
Mobile
Apple
Corning
country
cover
electronic
US’ Corning to build Rs 1,000-crore gorilla glass facility in Tamil Nadu
Apple supplier and American Gorilla Glass maker, Corning Inc., is investing Rs 1,000 crore to set up a manufacturing facility in Tamil Nadu, multiple sources aware of the development told ET. The facility will be set up at Pillaipakkam, near Sriperumbudur, on a 25-acre plot, which can be expanded if the need arises and will employ around 300 people. This marks the formal entry of another Apple supplier into India, bolstering the expanding ecosystem of Apple as well as electronic component manufacturers in the country.
11.12 / 23:33
Blockchain
Ethereum
BTC
Platform
Mobile
Coindesk
Bitcoin
Uniswap v3 Deploys on Bitcoin Scaling Protocol Rootstock
Popular Ethereum-based automated market maker (AMM) Uniswap has launched its version 3 (v3) on the Rootstock blockchain protocol.
11.12 / 21:41
Citi
Provident
Booking
Mobile
Highways
country
travelers
Tata Power, Indian Oil Corp tie up to deploy over 500 EV charging points across India
Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said.
11.12 / 21:07
Waves
CEO
Mobile
Chevron
Occidental
Hess
country
Occidental lands $12 billion takeover of shale producer CrownRock
By Sabrina Valle, Sourasis Bose and Arathy Somasekhar
11.12 / 16:43
Citi
Provident
Booking
Mobile
Highways
country
travelers
Tata Power ties up with Indian Oil to set up 500 EV charging points across India
Tata Power said on Monday that its unit Tata Power EV Charging Solutions Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, the company said in a statement.
11.12 / 16:43
FIVE
Booking
Platform
Airlines
Mobile
love
travelers
Can zero-forex, lifetime-free Scapia outdo other travel credit cards?
NEW DELHI : The holiday season is about to start and many people have already planned their exotic vacations. Many dip into their savings, others have a systematic investment plan in place for such holidays and a few use travel credit cards. These cards are largely a premium product in India–high annual fee, and even higher income threshold for eligibility but the rewards truly unlock if you spend ₹6 lakh and above annually with the card.
11.12 / 16:43
Citi
Mobile
economy
President
show
cover
reports
NOT
CoP-28 is turning into a trade show and it is not necessarily a bad thing
There’s a common lament across the halls of Expo City Dubai, the 1,000-acre venue of CoP-28, the climate huddle: This event feels more like a slick trade show than an environmental summit. About 100,000 attendees—nearly three times the number who attended CoP-26 in Glasgow—are milling through the venue. Fossil fuel companies have more than 2,000 representatives in attendance, including Sultan Al Jaber, president of the conference and the chief executive officer of the Abu Dhabi National Oil Company, the UAE’s state-owned petroleum business.
11.12 / 15:59
Citi
Cooper
Mobile
economy
pandemic
2020
Huawei to start building first European factory in France next year: Source
China's Huawei will start building its mobile phone network equipment factory in France next year, a source familiar with the matter said, pressing ahead with its first plant in Europe even as some European governments curb the use of the firm's 5G gear. The company outlined plans for the factory with an initial investment of 200 million euros ($215.28 million) in 2020, but the roll-out was delayed by the COVID-19 pandemic, the source said on Monday. They declined to be identified because they are not authorised to comment on this matter.
11.12 / 15:43
Mobile
pandemic
track
innovations
reports
travelers
Prices of fast-moving consumer goods more than doubled over the decade
followed by kitchen staples, household care products and food and beverages, the Boston Consulting Group (BCG) along with industry body CII said in a report. The report said that the price increase has led to pressure on volumes of fast-moving consumer goods, or FMCG, as the quantum of price hikes remains firm. FMCG volumes reported a compound annual growth rate (CAGR) of 3.4% between 2007 and 2023 and 1.5% in the 12 months ended July 2023, as factors such as the covid-19 pandemic, high inflation and lower emphasis on innovation as well as category development weighed heavily on volume growth.
11.12 / 14:11
Provident
Digital
Gap
Mobile
Your website may be great, but investors want an app, says JD Power
The way that investors want to engage with financial advisors and investment managers continues to evolve.
11.12 / 12:17
Provident
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