Mobile Financial News

₹350 crore was concluded by India Business Excellence Fund IV. Prior to this, India Business Excellence Fund III had invested ₹250 crore in Jan 2020. “This investment reaffirms MOAIAPL’s faith in VVDN and its business model.

nomination in order to address concerns about increased unclaimed deposits and investments due to death of account holder, according to a Times of India (ToI) news report. There are thousands of crores of unclaimed money in our country's banks. These are accounts where the bank holder put money and then died, leaving the money with the bank because no nominee was filed against his account/investment. What is nomination Nomination facility is mandatory for all deposit accounts. Nomination refers to the procedure of naming a beneficiary to receive the proceeds of investments or assets. Nominee is an individual who will receive the benefit.

«We see a lot of value opportunities that Nazara can move into in the eSports and core gaming IP spaces, so we definitely look at deploying some of these funds in those areas,» says Nitish Mittersain, Nazara Technologies.We understand that there has been a preferential allotment and you have managed to raise further funds. But first let me get the clarification this is in addition to the investment that we heard just three days ago when almost hundred crores was raised, right. This is additional to that? So the total amount of the preferential shares that are placed is a hundred crores plus which we announced on Monday and to Nikhil Kamath and 410 crores to SBI Mutual Funds so the total amount placed in this PREF is 510 crores on an aggregated basis.Okay so you have raised around 510 crores through these investors of course the Kamath Associates as well as SBI Mutual Funds but what is the utilisation of funds, why are you looking at raising that money, what is the deployment plan? Yes, we have multiple use cases of the funds as you have already put out in our intimation and press release but strategic M&A is one area that we will shortly look at doing. We see a lot of attractive opportunities for the company and besides that funds for organic growth, for working capital etc. so it is going to be multiple use cases of these funds but strategic M&A has always been important for us.

UPI ATM which was launched on Tuesday works? Well, it's very simple. This service offers a convenient way for customers to withdraw cash from any ATM that supports UPI-ATM functionality, all without the need for a debit or credit card. Of course, one thing you need to carry is your mobile to complete the cash withdrawal process.

digital banking experience, Airtel Payments Bank announced that it would enable Face Authentication-based savings bank account opening for customers on the Airtel Thanks App. The facility which will go live by the end of the year 2023 will allow users to open an account digitally with the Bank, using face biometrics as e-KYC, within minutes from anywhere in the country.

Quordle puzzle for September 7 is here. If you are finding it difficult to solve the today's Quordle challenge then scroll down for some hints and the right answers. But, before that Let's find out what the game is about? Quordle is an internet based word puzzle in which you to have to decipher four-five letter words daily. The challenge is to unlock each word across and down in nine attempts. Interesting right? Quordle is a wordle inspired game. It is available both on Pcs and mobile browsers. It does not require any sign ins or log in permissions. For newcomers, Previously played Quordle challenges are available to try their hands on before playing live on the daily new puzzle challenge.Freddie Meyer designed Quordle. He released rhis game on January 30.

upskilling opportunities that match specific requirements and this presents an opportunity to add over one hundred million people to the workforce, increase the GDP and propel the Indian economy towards $4 trillion, according to a report. These findings were recently shared by Omidyar Network India (ONI) in its report, The Next Frontiers: Skilling and Employability Solutions for the Next Half Billion, with Redseer. The report explores the opportunity of skilling and employing a vast group of people who are entering the workforce in diverse ways. This comes at a critical time when India is already home to a steadily growing work-ready population that is expected to increase till 2049, given our demographic dividend. Meanwhile, our workforce participation is still low at 46%, and especially low for women at 27%. This makes it clear that opportunities for work and skilling for those opportunities need to work hand in hand. The report drills down into a subsegment of the workforce market that it estimates to be about 580 million. The report suggests that the skilling solutions need to be granular to really benefit these different personas and their needs. Of these diverse personas, it highlights the potential demand for upskilling for about 230 million people who are in search of better jobs. These include, according to the report’s definition:

UPI (Unified Payments Interface) applications. Mahindra shared the video on the X platform (formerly Twitter) and called the technology dazzling. As per Mahindra's post, the UPI-based ATM was showcased at the recently held Global Fintech Fest in Mumbai.

UIDAI) has extended the free Aadhaar update of documents by 3 months from September 14, 2023 to December 14, 2023. According to an Office Memorandum issued by UIDAI on September 6, 2023, “In order to encourage more residents to update their document in Aadhaar, it was decided to provide the provision to update their document in Aadhaar through myAadhaar portal free of cost up to 14.09.2023. Based on the positive response from the residents, it is decided to extend the facility for 3 more months i.e. from 15.09.2023 to 14.12.2023. Accordingly, the facility for document update shall continue free of cost through myAadhaar portal at https://myaadhaar.uidai.gov.in/ up to 14.12.2023.” UIDAI is also urging Aadhaar holders of 10 years to update the details with the latest information. According to the UIDAI website, “Please update Aadhaar for continues accuracy of demographic Information. To update it, upload your proof of identity and proof of address documents." Free update should be done online at https://myaadhaar.uidai.gov.in and for physical update at CSC will be charges of Rs 25 as usual.

Fortescue Metals Group has tempered its green hydrogen ambitions in investor briefings aimed at settling market nerves about its risk appetite in green energy and recent leadership upheavals.

SAIC Motor Corp is weighing multiple options to partner an Indian company for expanding its presence in the growing automobile market, said Chen Hong, chairman of China's largest automaker. The company didn't comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy a stake of as much as 48% in MG Motor India. Talks between SAIC, the parent of MG Motor India Pvt Ltd, and one of the potential Indian investors are likely to conclude in a few months, said another senior executive.

The U.S. Securities and Exchange Commission (SEC) oversees the registration of broker-dealers, individuals or firms engaged in buying and selling securities. This registration ensures adherence to federal securities laws and SEC rules, safeguarding market integrity and investor confidence.

digital achievements, such as with Aadhaar, DigiLocker and Unified Payments Interface (UPI), senior officials said. The digital public infrastructure (DPI), which also includes platforms such as Bhashini, Open Network for Digital Commerce and e-Sanjeevani, developed under the aegis of the Ministry of Electronics and Information Technology, will also be demonstrated live to the attending delegates, a senior official from the IT ministry said. More than 1,000 delegates are scheduled to attend the two-day G20 meetings. They can use the money credited to the wallets to buy goods from the stalls at the venue of the summit, another IT ministry official said. «This will be a nominal sum to showcase the ease with which digital payments can be done in India.

Guinness World Record during the massive plantation drive this month. Government of Assam, through the launch of Assam Green Mission, has set out a goal of increasing green cover of the state by 2% from 36% to 38% over a span of Five years. Assam's mega plantation drive, "Amrit Brikshya Andolan, 2023" involving plantation of Over one Crore seedlings of 53 number of commercially valuable species. to be planted across the State in one day on 17th September, 2023, in a Jan Bhagidaari model, will attempt to create multiple records. Assam chief minister Himanta Biswa Sarma said that around 1.46 crore seedlings of 53 commercially valuable species have been mobilized of which 1.17 crore seedlings have been mobilized via competitive bidding.

online payments to its Investor Protection and Education Fund (IPEF). The use of online only mode has been made mandatory and the facility is now active under the tab «click here to make payment to Sebi IPEF» on the regulator's website. The move is aimed at streamlining the payment process and enhance accessibility for all the contributors to the fund.

MUNICH (Reuters) -China's industrial policy adviser and 'father of EVs' Wan Gang said efficient batteries, better EV architectures and intelligent driving systems were key to scaling up EVs, calling for international collaboration on research and standards.

Reliance Jio has sought flexible use of airwaves between satellite and terrestrial use, noting that the latest changes in technology and standards have allowed for integrated or converged networks. The No 1 carrier has communicated this stance to the Telecom Regulatory Authority of India (Trai) in a letter ahead of expected recommendations on assignment of spectrum for space-based communication services.

NPCI), which operates the Unified Payments Interface (UPI) network, has launched new products to ensure more digital inclusivity of the payment service, even as it aims to scale the infrastructure to 100 billion monthly transactions. The new offerings include a credit line on UPI, UPI Lite X for offline payments and a near field communication (NFC)-enabled Tap & Pay feature, conversational payments through Hello! UPI as well as conversational bill payments with BillPay Connect.

financial services company based in Chennai which was launched in the year 2020, to democratize finance and make it accessible to all, is all set to shift gears as they are preparing to launch their Fintech app. Finfortune is leaving no stone unturned working towards the launch of their Fincover app, a cutting-edge fintech application that is set to redefine the way you manage your finances. Packed with innovative and punchy features, the Fincover app empowers you to take control of your financial future like never before.

Ethereum (ETH) full nodes could in the future become so light-weight that they can run on mobile devices, Ethereum co-founder Vitalik Buterin has predicted.

Narendra Modi on Wednesday spelt out a set of dos and don'ts to be observed by ministers during the two-day event to ensure that the visiting dignitaries are not put to any inconvenience, sources said to news agency PTI. The ministers have been asked to ditch their official vehicles and use the shuttle service to reach the Bharat Mandapam and other venues of various meetings.