Mobile Financial News

Amazon has said it is looking forward to working with the Indian government and local partners to bring «affordable broadband» across the country in its first comments on entering India's nascent satcom market. «Project Kuiper (Amazon's broadband-from-space venture) will bring fast, affordable broadband to unserved and underserved communities around the world, including rural and remote places in India,» an Amazon spokesperson told ET in an emailed statement. «This (the move into India) is a long-term initiative for Amazon, and we look forward to working with the Indian government and local partners to connect customers and communities across the country,» it said. The Jeff Bezos-owned US tech giant's statement comes a day after ET reported in its October 10 edition that the US major has applied to the Indian National Space Promotion and Authorisation Centre (In-Space) for getting required approvals to provide broadband services in the country.

DoT) Tuesday conducted multiple sample tests of pan-India emergency alerts powered by the Cell Broadcasting System. «This is a SAMPLE TESTING MESSAGE sent through Cell Broadcasting System by Department of Telecommunications, Government of India. Please ignore this message as no action is required from your end.

MUMBAI : The Reserve Bank of India (RBI) on Tuesday asked Bank of Baroda (BoB) to immediately suspend further onboarding of customers onto their mobile app ‘bob World’. This ban comes after RBI found material supervisory concerns while onboarding customers onto the app. Any further onboarding of customers of the bank on the app will be subject to rectification of deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI, said an RBI release.

C-Vigil' (Citizen Vigilance) app to take effective action on violation of the Model Code of Conduct in the upcoming Assembly elections, Chief Electoral Officer of Rajasthan, Praveen Gupta said. He said that any complaint related to the Model Code of Conduct on this app will be resolved in just 100 minutes.

Lava International mobile company and a Chinese national, to three-day Enforcement Directorate custody in a money-laundering case against Chinese smartphone-maker Vivo. Additional Sessions Judge Devender Kumar Jangala passed the order on an application moved by the ED, who arrested the four earlier in the day.

A proposed class action lawsuit has been filed against Toronto-Dominion Bank alleging that more than 1,000 TD mobile mortgage specialists across Canada did not receive their proper vacation and holiday pay.

The streets of New Alipore and the Port area have witnessed multiple occurrences of a gang of pickpockets targeting mobile phones through the windows of waiting buses and local trains. After the swift theft, the culprits have been exploiting UPI apps installed on these phones, often with saved passwords, to siphon off money. Narrating his ordeal, Ghosh shared, «I was returning from my office at Behala. I was sitting by the window of the bus, busy typing a message on my phone.

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Israel intensified airstrikes on Gaza on Tuesday while the Israeli military prepared for a ground invasion of the Palestinian enclave that Israeli officials warned could be more destructive than any offensive there in recent history. Israeli airstrikes reduced parts of an exclusive Gaza City neighborhood to rubble as the Israeli government stepped up its reaction to this weekend’s cross-border incursion by Hamas gunmen who killed more than 900 Israelis and took more than 100 hostage. Israeli strikes have killed more than 780 people in Gaza since, according to the enclave’s health ministry.

₹2 crore, with effect from October 9, 2023, according to the PSU bank. “We are pleased to offer attractive interest rates to customers, enabling them to earn higher assured returns.

By Srinath Sridharan

Dayanidhi Maran on October 10 said he has been duped of ₹99,999 through a net banking fraud. Sharing the details on social media, Maran said ₹99,999 was “stolen" from his Axis Bank personal savings account through a net banking transfer via “IDFC First Bank-Billdesk". The transaction, which was not initiated by him, bypassed “all normal safety protocols", he added.

India-UK free trade agreement as the two countries are considering a visit by UK Prime Minister Rishi Sunak later this month, a TOI report stated. Sunak was invited by Prime Minister Modi during their meeting on the sidelines of the G20 summit.

emergency alert system, orchestrated by the National Disaster Management Authority (NDMA). The test involved sending emergency alerts to a random selection of smartphones throughout India. Upon receipt, users' phones emitted a loud beep and displayed a flash message that conveyed «emergency alert: severe.» The message was transmitted twice, once in English and once in Hindi, with a brief time lapse. The NDMA explained that the purpose of this alert was to evaluate the effectiveness of the newly implemented system and to pinpoint any potential issues.

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had then said that said that such tests will be carried out from time to time in different regions to assess the efficiency and effectiveness of the emergency warning broadcast capabilities of mobile operators and cell broadcast systems. The government is closely working with the NDMA on the project.

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Foreign exchange trading firm Convera “significantly overcharged” mattress start-up Koala, demanded the will of late music industry legend Michael Gudinski when onboarding his Frontier Touring company and a senior executive bullied a staff member who raised concerns about the conduct.

Bank of Baroda has hiked interest rates on fixed deposit (FD) rates by up to 50 basis points (bps) across various tenors for up to 3 years. These rates are applicable on deposits below ₹2 crore, with effect from October 9, 2023.

Maruti Suzuki: Maruti Suzuki India Ltd on Monday said it is looking to invest as much as ₹1.25 trillion by 2030-31 to develop 10-11 new models, including six electric vehicles (EVs), and double its annual production to 4 million units. In a presentation, the country’s largest carmaker said it plans to dial up its presence in new vehicle segments, including hybrid, flex fuel and electric, particularly in the sport utility vehicle (SUV) format. Adani Group: Adani Group has released a media statement condemning the ‘Malicious Campaign’ by UK-based newspaper Financial Times, claiming that the media outlet has been rehashing old and baseless allegations to hamper the global reputation of the conglomerate.

Hamas movement threatened to execute an Israeli captive every time Israel bombs a Palestinian home without warning, as Israel called up an unprecedented 300,000 reservists and imposed a blockade on the Gaza Strip, raising fears it planned a ground assault. The violence, which has claimed more than 1,500 lives, prompted international declarations of support for Israel after a devastating weekend attack by Hamas, and appeals for an end to the fighting and protection of civilians. Israeli TV channels said the death toll from the Hamas attack had climbed to 900 Israelis, with at least 2,600 injured, and dozens taken captive. Among the Israeli dead were 260 mostly young people gunned down at a desert music festival, where some of the hostages were abducted. Israeli Prime Minister Benjamin Netanyahu vowed revenge in a fiery speech accusing Hamas of executing tied-up children and other atrocities.