Mobile Financial News

State-owned UCO Bank has reported a technical glitch in some Immediate Payment Service(IMPS) transactions due to which transactions done by account holders of other banks came into account holders of the bank. “During the period from 10.11.2023 to 13.11.2023, technical issue in Immediate Payment Service(IMPS), certain transaction(s) initiated by holders of other banks have resulted in credit to the account holders in our Bank without actual receipt of money from these banks," UCO Bank informed in an exchange filing on Wednesday ( 15 November) The bank says it is taking a precautionary measure, it has made the IMPS channel offline & is closely following up with stakeholders to resolve the issue and restore the IMPS services at the earliest. The matter has also been reported to the law enforcement agencies for necessary action, it added.

Telecom operators, chip makers, network providers and handset makers have strongly opposed any hurried decision on a proposed idea to beam TV content directly to mobile phones without a cellular data connection, as the technology is still immature. The smartphone industry is worried that adoption of the proposal making it mandatory for devices to offer support to direct-to-mobile (D2M) broadcasting will increase the cost of devices by $30 (₹2,500) at least.

Loco and Rooter, are expanding operations beyond the domestic market as they prepare to take on the likes of YouTube and Amazon’s Twitch in foreign territories, people aware of the developments said. Loco, which is backed by investors like South Korean gaming giant Krafton and Indian gaming-focused venture firm Lumikai, quietly started testing its Arabic app in multiple West Asian countries a few months ago and, according to its cofounder Anirudh Pandita, plans to expand into Latin American countries next.

Popular Ethereum-based decentralized exchange (DEX) platform Uniswap has finally released its Android mobile wallet app to the public.

Disney has announced a partnership with NBA Top Shot Creator Dapper Labs to launch a “digital pin” NFT platform.

Exxon Mobil is drilling for lithium in Arkansas and expects to begin production of the critical material for electric vehicles by 2027

The White House is releasing a strategy to potentially expand the availability of radio spectrum needed for cellphones, satellites, navigation, space travel and other emerging technologies

Economist Stephen Moore discusses negative economic trends in Democrat-run cities and Moody's lowering its outlook on the U.S. credit rating.

25-litre geyser stands out for its ample capacity, ensuring a consistent supply of hot water to cater to the needs of all family members. This makes it an excellent addition to homes where multiple users may require hot water simultaneously. To aid in the decision-making process, we have curated a list of the best 25-litre geysers from renowned brands such as Racold, Orient, Havells, and Hindware.

tech companies — or telco to a techco — is inevitable and is being driven by an existential crisis stemming from lower average revenue per user (ARPU), increasing capital expenditure and evolving consumer needs, said a top executive of US-based open-source solutions provider, Red Hat. “It’s a universal trend. It’s not necessarily India, but in India, there are probably a few more levels.

Madhya Pradesh assembly elections scheduled on November 17, and said it is an indication that the BJP's victory is assured in these polls. Modi said he has seen «unprecedented trust and affection» for BJP among the people of Madhya Pradesh, and added that the Congress has accepted defeat ahead of elections. «Tomorrow is Janjatiya Gaurav Diwas, I will go to Jharkhand to pay respect to (tribal icon) Bhagwan Birsa Munda.

Modi on Tuesday said he has seen «unprecedented trust and affection» for BJP among people of Madhya Pradesh, where assembly elections are scheduled on November 17. Addressing a public rally at Betul, Modi also said Congress has accepted defeat ahead of elections. «Congress knows that its fake promises won't work in front of Modi's guarantees,» the PM said.

By Catarina Demony

Tesla CEO Elon Musk has apologised to India's commerce minister Piyush Goyal for not being able to be with him during a visit to the company's factory in Fremont, California. The billionaire said it was an "honour" to have Goyal visit the Fremont plant and expressed optimism about meeting the minister at a later date.

Investing.com — The Dow eked out a gain on Monday, supported by energy and health care stocks, but upside momentum was kept in checked as traders awaited fresh inflation data due Tuesday. 

Game Awards 2023 has set the gaming world buzzing with excitement. The prestigious event in the gaming industry is just around the corner, set to take place on December 7. The full list of nominees across over 30 categories has been unveiled, sparking debates and discussions among gamers and enthusiasts alike. This year's awards will feature a unique selection process, with fan votes accounting for 10% of the decision-making, while a carefully selected jury will carry the weight of 90%. As anticipation builds, let's dive into the list of nominees for some of the most prominent categories.

NEW DELHI : The government is considering implementing stricter norms to enforce the use of local components to bolster domestic manufacturing of electric vehicles (EVs) amid instances of companies violating phased manufacturing programme (PMP) norms by assembling vehicles with imported parts. The Union ministry of heavy industries is considering introducing a 50% domestic value addition (DVA) requirement and doing away with the phased manufacturing programme as part of its proposed Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME) III, according to two people familiar with the development. DVA is calculated based on the net selling price of a product and the landed cost of imported inputs.

NEW DELHI : Finnish telecom gear manufacturer Nokia is expecting the next wave of 5G site deployment to stem from increasing broadband reach, fixed wireless access, as well as a surge in 5G smartphone use. This comes as telecom firms plan to cut capital expenditure on 5G sites for the short term, having successfully launched the fastest 5G network globally within a year, starting October 2022. “There will be some moderation in 5G rollout.

Storm Debi, the fourth named storm of the season, sweeps through, unleashing powerful winds and heavy rainfall. The Met Office has issued cautionary alerts for Northern Ireland, Wales, north-west England, and north-east Scotland, anticipating gusts reaching up to 80mph in exposed coastal areas and 65mph inland. This disturbing weather system has already resulted in power outages and disrupted travel in several areas, with specific regions bearing the brunt of its force. Northern Ireland experienced road closures and disruptions in public transport networks, leaving around 3,000 customers without power, predominantly in Craigavon, Newry, and Downpatrick. In Wales, gusts reaching up to 77mph pounded the coastal regions following a yellow weather warning issued across various areas. The storm's severity prompted an amber warning in Counties Armagh and Down in south-west Northern Ireland and continues in parts of north-west England, including Cumbria, Lancashire, and Merseyside, suggesting a potential risk to life and property. In addition, yellow weather warnings for wind include much of northern England and Wales, impacting cities like Manchester, Sheffield, Liverpool, Bangor, and St Davids. The storm's influence extends further with a yellow warning for rain in parts of north-east Scotland, previously battered by Storm Babet, causing evacuations from flooded homes.

Amherst College is the top liberal-arts college in the Northeast, according to the WSJ/College Pulse 2024 Best Colleges in the U.S. ranking. Amherst, rated No.

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