Mobile Financial News

NEW DELHI : The government is ready to offer a payment security mechanism to vehicle manufacturers who bid for its tenders for electric buses, after the failure of the previous bidding round, according to several people in the government and industry. Under the mechanism, manufacturers who participate in an ‘own and operate’ bid will be assured of payments by the state transport units for their service. If transporters fail to make timely payments, bus makers will be able to receive funds from a corpus set up by the government.

I have bought a flat far away from my workplace. I have not let it out currently. However, will I be eligible to claim interest incurred on HBA (house building advance) under the new tax regime in case of a deemed let-out property? If I pay municipal taxes, how is income calculated? Do note that the approximate annual rent of similar flats is ₹96,000 and municipal taxes come to ₹56,147 and ₹2,000 is the annual interest paid on HBA of ₹1.97 lakh.

India Global Capability Centres (GCCs) of New York-headquartered telecommunications conglomerate Verizon grew 15% last year, Sowmyanarayan Sampath, CEO of Verizon Consumer Group said on Tuesday at a press briefing. Verizon Consumer Group in 2022 contributed $105 billion in revenue to the company’s overall revenue of $136 billion. As per Investopedia, Verizon is the second largest provider of cellular service in the US that provides communications, information, and entertainment products and services worldwide to consumers, businesses, and government organizations through its consumer and business segments.

Deepak Kumar Uprariya, an technician a PSU and worked on building ISRO's Chandrayaan-3, is now reportedly selling tea and idli. According to a report by the BBC, Uprariya, who works with Heavy Engineering Corporation Limited, Ranchi, has not received salaries for the last 18 months. HEC, a Central Public Sector Undertaking (CPSU), did many important works for ISRO including the lunar mission. Many HEC employees have reportedly not received their salaries for the last 18 months. Upararia initially tried to manage household bills using a credit card.

One97 Communications Limited (OCL), the parent company of Paytm, has partnered with Hindustan Petroleum Corporation Limited (HPCL) to drive technology for its loyalty programme — DriveTrack (DT) Plus loyalty programme and payment solution.

Biden appealed to world leaders at the U.N. General Assembly on Tuesday to stand with Ukraine against Russian invaders, hoping Republicans in Congress will also take notice. «Russia believes that the world will grow weary and allow it to brutalize Ukraine without consequence,» Biden said in his speech to UNGA.

Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday urged the government to formulate a unified policy of road tax exemption for Electric Vehicles (EVs) across the country. In a letter to the Union Road Transport and Highways Minister Nitin Gadkari, SMEV said a consistent and favourable policy environment is essential to accelerate the shift towards electric mobility in India. «I am writing to request your esteemed office to weigh in on a unified policy of road tax exemption for EVs that will play a pivotal role in encouraging the adoption of clean and sustainable transportation options, which is vital for our nation's environmental and economic future,» SMEV Chief Evangelist Sanjay Kaul wrote. In July, SMEV had named Kaul as its Chief Evangelist to help revise the association's agenda.

By Steve Holland

On Monday, the Army finalized a deal for more than 160 «cutting-edge mobile secure satellite terminals (MSSTs)» with the defense Public Sector Undertaking (PSU), Bharat Electronics (BEL). This contract is the latest in a series of similar agreements signed in recent months, the report claimed quoting sources in the Defence Ministry. Previous contracts encompassed over 150 man-portable Ku-band satellite terminals, approximately 400 S-band hand-held terminals, over 300 S-band manpack terminals, and more than 80 light vehicle-based Ku-band satellite communication terminals, among others. These secure portable terminals, developed by the Defense Research and Development Organization (DRDO) and BEL, are anticipated to be a significant force multiplier.

By Nia Williams and Stephanie Kelly

Bharti Airtel's introduction of India's inaugural wireless home Wi-Fi service, Mukesh Ambani-led Reliance Industries made a similar announcement during its 46th AGM, stating plans to launch Jio AirFiber on September 19. Ambani explained during the AGM that their extensive optical fiber network connects them to over 200 million locations. The Jio AirFiber devices is aimed at providing last-mile connectivity to many parts of India. As for pricing, while Reliance hasn't disclosed specifics, there is precedent to suggest that consumers can expect rates lower than existing options.

Generative AI (GenAI) has been making waves in the consumer space, with ChatGPT leading the charge. Nine months post its release, ChatGPT became the fastest consumer application to achieve 100 million monthly active users. But how are consumers engaging with other GenAI products? A recent analysis by Olivia Moore from a16z provides insights into this burgeoning field.

Quordle is a web based word puzzle game designed by Freddie Meyer. It can be played on mobile browsers and desktops. Freddie Meyer designed Quordle taking inspiration from Wordle and Dordle. Quordle was launched in January 2022. Quordle is available at its official website and is free to play. It does not require any fishy log ins or sign ups. Quordle has become increasingly popular for its amazing word of play. Here are some Quordle Rules.

Reliance Jio Infocomm and Vodafone-Idea said that they should be allowed to set a higher cost for services such as WhatsApp and Netflix. Their rationale is that these apps are among the most widely accessed and put lopsided pressure on their infrastructure, increasing their operating costs. A submission by Bharti Airtel dated 1 September read that “large traffic originators that account for a disproportionate amount of these investments must contribute a fair share" of the network cost incurred by telcos.

OTT platforms considering that some streaming apps have started offering bandwidth-heavy services and generating disproportionately high traffic, which is forcing telcos to upgrade and enhance the capacity of their networks. Therefore, telecom service providers are seeking a contribution from the OTTs for network expenses. In fact, Cellular Operators Association of India, which represents interests of carriers, has argued that large OTT players earn from consumers as well as advertisers, and hence suggested that a ‘fair share’ of revenues must be share with the telcos that do not earn from carriage fees for the content.

Google prices online advertising, one of the issues at the heart of the antitrust trial under way in Washington. The government is seeking to show that Alphabet's Google broke antitrust law to maintain its dominance in online search. The search dominance led to fast-increasing advertising revenues that made Google a $1 trillion company.

₹250 crore and invested in about 20 startups including cold chain logistics firm Tan90 and fintech startups DigiSparsh and Credit Fair. Over the next couple of years, it hopes to make 20 more investments through the first fund. Co-founded by Ankit Kedia, who was previously the promoter and director at plastic packaging solutions Manjushree Technopack Ltd, Capital A invests in early-stage companies with cheque sizes running from $50,000 to $500,000, primarily in the fintech and climate-tech segments.

Trinamool National General Secretary Abhishek Banerjee on Monday said his party has always urged all like-minded anti-BJP parties to come together and CPM can clarify its own stand on the INDIA alliance's coordination committee meeting. Banerjee's comments came a day after the central committee of the CPM allowed the Bengal CPM unit to field candidates against the Trinamool Congress in the 2024 Lok Sabha polls. Trinamool Congress also posted on its 'X' handle that «recognising the importance of solidarity in safeguarding democratic values, Shri @abhishekaitc affirmed that our doors are always open to all like-minded parties.

₹80-85 trillion in capital expenditure will be made in this sector between 2022-23 and 2026-27. Debt, typically contributing about 70% of the project funding requirement, is expected to play a key role. Given the scale of the funds required, embracing risk-based pricing can help mobilize finance at an optimum cost.

Room heaters come in various types, each with its unique advantages. Convection heaters, radiant heaters, and fan heaters are some of the popular choices, catering to different heating preferences. Havells, a renowned brand in the home appliance industry, offers a wide range of room heaters known for their efficiency and performance.

A while ago, I had written about the new market for trading in advertising space on social media and on the internet in general. The first revolution in digital advertising occurred when Google began to place advertisements along with its standard web search. Search engine optimization (SEO) was all the rage for some time.