Mobile Financial News

Stellantis has said it will be canceling its participation in next year’s CES technology show in Las Vegas due to the “mounting” costs of the ongoing auto workers strike in North America

NEW DELHI : Tata Motors is developing a petrol engine for its premium sport utility vehicle (SUVs), as the diesel fuel options are not being received well by the consumers as well as the government. The petrol engine will take around a year to develop and will be used on Harrier and Safari, which are currently available only in diesel options, a top official told Mint in an interview. “It’s slightly late, because as I said, not only are we in the process of developing an engine, but also it has to be developed and integrated into the vehicle.

Binance has announced that it will halt the acceptance of new users in line with the newly implemented cryptocurrency marketing regulations in the United Kingdom.

The global microfinance market has shown consistent growth prospects from 2014 to 2030, according to ResearchAndMarkets . The report focuses on lending activities by both banks and non-bank entities, targeting small enterprises, solo entrepreneurs, and micro-enterprises. This trend emphasizes the role of microfinance in advancing financial inclusivity and supporting entrepreneurial ventures globally.

Revolt Motors is looking to scale up sales infrastructure, roll out new products as part of its growth plans over the next few years, a top company official said. The company, which was acquired by RattanIndia Enterprises earlier this year, also plans to enter international markets. In an interaction with PTI, RattanIndia Enterprises Business Chairperson Anjali Rattan said the company is expanding to ensure that the electric revolution reaches every corner of the country.

(This story originally appeared in on Oct 17, 2023)

smartphone market has at long last bottomed out and will recover this year, thanks to strong demand in India and other parts of Southeast Asia, according to mobile industry bellwether Murata Manufacturing Co. Low-priced smartphones are driving sales and the overall market will likely grow by a single-digit percentage on a unit basis both this fiscal year through March and the next, President Norio Nakajima said in an interview Tuesday. Kyoto-based Murata, the world’s biggest maker of multilayer ceramic capacitors, supplies an array of smartphone components used by Apple Inc., Samsung Electronics Co. and Chinese manufacturers, and is seen as a leading indicator of gadget sales. Nakajima’s optimism follows reports of continued lackluster demand in China, the world’s largest smartphone market, that have dented expectations.

Cyient DLM share price rose more than 8% in intraday trade on Tuesday post the company results for July-September period impressed the investors with strong earnings growth. The results were declared post market hours on Monday. Notably the firm reported its first quarterly results since its listing in July.

Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America. The company, which pre-announced its results last week and took a $2.9 billion impairment charge on its Vonage acquisition, said it expects current quarter results to be similar to the third quarter. «We are not going to guide for 2024 specifically, because the timing of the recovery of the market is uncertain,» Chief Financial Officer Carl Mellander told Reuters. Gear makers such as Ericsson and Nokia have been hit by a slowdown in spending by telecoms companies. Mellander said the company had increased its previously announced 2023 cost saving target of 11 billion Swedish crowns ($1.01 billion), including the laying off 8,500 employees, to 12 billion crowns. «We have proven that cost cutting is something we are good at...should the market and our financial performance require it, we can do more,» he said. Networks organic sales in North America were down by 60% from last year as telecoms customers adjusted their inventory and were slower to roll out new equipment.

National Australia Bank and Commonwealth Bank have switched on a new identity checking service, ConnectID, which will allow companies to tap banks for information about customers rather than gathering it themselves, minimising the risk of another Optus-style attack.

MA Moelis Australia has added a new face to its corporate advisory lineup.

Binance will temporarily shut its doors to new customers in the UK. This follows a restriction on the exchange's operating partner in the UK by the Financial Conduct Authority (FCA). 

Polish opposition leader Donald Tusk is declaring the beginning of a new era after three opposition parties appeared to have won enough votes in Sunday’s parliamentary election to oust the governig party

smartphone without going over budget, regardless of whether the buyer is looking for the most recent iPhone, a top-tier Samsung Galaxy feature-rich OnePlus or any other brand. To get the most outstanding mobile discounts and remain on top of technology, keep up with the Amazon great Indian festival sale. What else? If you are a prime member, you get access to the deals 24 hours before the actual deal starts! The Apple iPhone 13 in Starlight has a glossy finish that gives it a sleek and elegant appearance.

Sony Pictures Entertainment’s reported bid for Disney’s India business may turn out to be a gamechanger in India’s rapidly changing media and entertainment market. It would also help SPE, the global entertainment arm of Sony Group, kill two birds with one stone – by cobbling together a strong and viable entity in India to take on the challenge from Mukesh Ambani’s Jio Cinema and Network18 while getting out of its increasingly troubled – and long delayed – bid to acquire Subhash Chandra’s Zee Network with a strong alternative play on hand.

Netflix (NASDAQ:NFLX) is reportedly expanding its presence in the gaming industry by leveraging the studios it has acquired to create more game titles based on popular Netflix movies and TV shows.

Atul Lall, VC & MD, Dixon Tech, says “in Dixon, we are purely an outsourcing company. We provide electronic manufacturing services to all the global and Indian brands and the brand that you are mentioning undoubtedly is an anchor customer of ours and we feel that the relationship will keep on deepening and growing. We are country agnostic. We are also brand agnostic wherein we see a huge leverage of growth and deepening of relationship over a period of time, we jump at it.” We understand Dixon tech has entered into an agreement with Xiaomi for the manufacturing of smartphones and related products as well. Of course, you have had this partnership with Xiaomi over a long term but tell us about this one. When does manufacturing start? Do you need additional investment? What could be the potential revenue accretion? Xiaomi has been a long-term partner.

Movin, a joint venture between UPS and InterGlobe Enterprises, on Monday, started operations by introducing the second fleet of Electric Vehicles (EV) for its first and last-mile deliveries in Bengaluru, said the brand through its press release. The first fleet was rolled out in Delhi NCR earlier this year. EVs will soon be deployed in Mumbai, Chennai, Hyderabad, Kolkata, and Pune by the end of 2023 as part of its plan to reduce carbon emissions and to align with its long-term sustainability goals, said the company in its statement.

Siddaramaiah on Monday said the Congress high command has not sought any funds from the party regime in Karnataka to meet the party’s campaign expenses in the five states that are facing polls in November. His comments followed the attacks from the Opposition BJP and JDS linking the estimated Rs 82 crore cash recovered by the income tax authorities from a series of raids on two contractors in Bengaluru. While one of them is an office bearer of the state contractor association, the other is a spouse of a former corporator. Chattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Telangana are headed to assembly elections in November, and the Opposition parties have accused the ruling Congress of turning the southern state into an ATM to fund the party’s campaign expenses in these states. But the chief minister strongly denied the allegations.

State Bank of India (SBI) customer and are facing some technical issues while using UPI for your transactions, SBI has stated the reason. SBI UPI services are facing intermittent fluctuations due to technology upgradation activities, stated the PSU lender on social media. SBI WhatsApp banking: How to use, what services are available In one of the announcements on the social media X, SBI posts, «Dear customers, We have undertaken technology upgradation, due to which you may face intermittent fluctuations in Bank’s UPI services. We deeply regret the inconvenience which may be causing to you. We will update soon.» According to the SBI reply on X to one of the customers who was facing an issue since 3 days, “We regret the inconvenience caused to you. Our UPI services are facing intermittent fluctuations due to technology upgradation activities. Please retry and revert us for any further assistance.”

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