Mobile Financial News

Atishi on Wednesday announced that all schools, colleges and offices will remain closed across the city from September 8-10 in view of the G20 Leaders Summit over the weekend. The AAP leader also said that Delhi is ready to welcome the delegates. The G20 summit is being held in New Delhi from September 9-10. Adressing a press conference along with Health Minister Saurabh Bharadwaj, Atishi said, «In view of the G20 summit, all schools, colleges and offices will remain closed across Delhi from September 8 to September 10...»Read more: G20 Summit 2023 LIVE Updates: India is the right country to hold the G20 Presidency, says UK PM Rishi Sunak

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. Speaking at China's World New Energy Vehicle Congress taking place in Munich, Wan, a former science minister widely regarded as a key promoter of EVs in China, said hybrid and fuel cell vehicles powered by hydrogen were an essential part of the transition to low-carbon mobility. «Many of you are very curious about the Chinese viewpoint on fuel cells… hydrogen is an important component of the national energy system,» he said, adding the technology was particularly promising for reducing emissions from commercial vehicles. «We need to promote the whole supply chain of low-carbon development,» he added.

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digital payment system, now country's first UPI ATM was launched on Tuesday. Hitachi Payment Services has introduced 'the country's first-ever UPI-ATM as a White Label ATM (WLA) in association with National Payments Corporation of India (NPCI), “ This novel offering empowers any bank customer to experience the convenience of QR-based UPI cash withdrawals," Sumil Vikamsey MD and CEO - Cash Business Hitachi Payment Services said. National Payments Corporation of India (NPCI), said, "We are delighted to empower customers with this innovative and customer-friendly enhancement for ATM transactions.

Reliance Jio has shared with Telecom Regulatory Authority of India (Trai) a recent decision taken by New Zealand government allowing use of 24-30 GHz spectrum, part of Ka band, for satellite and mobile services to highlight its point. Jio has stressed that the suggestion for flexible use of spectrum is based upon the latest changes in technology and standards which have allowed the creation of integrated and converged networks. As per Trai’s consultation paper on assignment of spectrum for space-based communication services, Ku band ranges from 10 GHz to 15 GHz while Ka band ranges from 17 GHz to 31 GHz. As per Jio, the New Zealand government has agreed to allocate 24.25-27.5 GHz primarily for mobile use, with an option to include some satellite services in some areas. Bands in the 27.5-28.35 GHz range are to be shared for mobile and satellite services while 28.35-29.5 GHz to be allocated for satellite services with the option to include some mobile use. “The above decisions clearly show that the New Zealand government has recognised the need for flexible use of spectrum in the wake of imminent technological convergence in telecommunication networks under integrated and converged satellite and terrestrial networks,” Jio said in a letter dated September 5 to Trai chairman PD Vaghela. As per Trai, Ku band can be used for both fixed satellite services and mobile satellite services.

Wordle is a web based game which is amusingly popular worldwide.The game was designed by Engineer Josh Wardle and owned by The New York Times. Wordle is a word puzzle which is available at The NYT website. It is free to play does not require any formalities to play the game. Wordle can be played on mobile browsers or desktops. It is one of the most played online games. Earlier a previously played Wordle answer dictionary was available at the website. Now, it has been taken down.

A Russian beauty salon in Yekaterinburg has become one of the first businesses in the nation to accept a digital ruble payment – breaking new ground for the nation’s CBDC.

Victoria’s biggest bus operator Ventura Group is understood to be fielding interest from at least two overseas bidders, despite questions raised around its ability to retain juicy government contracts come 2028.

New Delhi: The union minister for new and renewable energy RK Singh on Tuesday that India can become the refuelling destination for green ships run on green hydrogen. Addressing a conference on green hydrogen pilots in India organized by NTPC, the minister said that many green hydrogen pilots are going on in India and across the world. We have pilots for green steel and in heavy duty transportation and global shipping will go green within the next 10 years.

New Delhi: Industry bodies, civil society organizations and consumer groups have raised concerns to the Telecom Regulatory Authority of India over regulation of OTT apps, specifically on the selective banning of OTT apps, as has been proposed by the regulator in its ongoing consultation. In their submission to the TRAI, which is undertaking consultations over OTT regulation, the bodies including Internet and Mobile Association of India (IAMAI), Broadband India Forum, Consumer Unity and Trust Society (CUTS) and Asia Internet Coalition (AIC) comprising nearly a dozen consumer groups, have said that such apps were already regulated under the IT Act 2000 which will be replaced by the upcoming Digital India Act (DIA), hence the ongoing consultations should form part of Digital India Act and any other additional consultations by regulators like TRAI will also lead to overlap of regulatory structure.

Volkswagen (VW) Group will adopt a phased approach to localisation of its battery electric vehicles (BEVs) in India and will await a strong business case before committing to offering affordable, 'Made in India' EVs, chairman of board of management of Volkswagen Group, Oliver Blume, told ET. This is even as the world's second largest automaker by volume, which sells the Skoda, Volkswagen, Audi, Lamborghini and Porsche brands in India, is a lot more confident of the Indian market now owing to the fast-paced growth it has seen in the country in the recent past that has made it the third largest car market globally. Blume was speaking on the sidelines of the Volkswagen Group's annual press meet in Munich. «We have a ramp-up curve for electric mobility, which includes bringing the right products and right positioning, especially for the Indian market, where you also need to address the lower segments.

India led in net mobile subscription additions in the April-June quarter, beating countries like China and the United States as the total number of global mobile subscriptions rose to 8.3 billion, Ericsson said. According to the quarter update in the Ericsson Mobility Report, global mobile subscriptions grew by 40 million, and global 5G subscriptions grew by 175 million.

NEW DELHI : The government has invited Swiss consultants to help make India’s mountain roads strong and durable to withstand severe weather conditions like heavy rains. After evaluating the highway construction techniques in Switzerland, the ministry of road transport and highways (MoRTH) has sought advice from Swiss companies to design mechanisms to prevent extensive damage to roads, two people familiar with the development said.

₹112,419.33 per kilolitre, marking a 14.12% increase from August’s ₹98,508.26. The same trend was observed in other major cities like Mumbai, Kolkata and Chennai. This recent surge in airline fuel prices is the highest seen since December 2022.

Yono, the mobile app of the State Bank of India, fetches Rs 100 crore in fee income every quarter by selling products from the parent's subsidiaries, and the digital loan book will be close to Rs 30,000 crore this fiscal, according to a top official. The nation's largest lender, which is into the 217th year of operations, launched the app in 2014. Since then, it has gone on to become such a runaway success that as much as 85 per cent of banking transactions are done through Yono, State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Tuesday. He was speaking at a session at the fifth global fintech summit here. «I am happy to share that Yono gets us Rs 100 crore in fee income every quarter by selling the just commoditised products from our subsidiaries such as the life and general insurance arms, mutual fund and others,» Khara said.

BJP so that it wins more than 150 seats in the upcoming assembly elections in Madhya Pradesh and form a «double-engine» government for ensuring the state's development. Elections to the 230-member MP assembly are due by November. After flagging off the BJP's 'Jan Ashirwad Yatra', a mass outreach programme, in Mandla district earlier, Shah was to reach Sheopur to launch another yatra.

​Aptiv, a global technology company, today announced the grand opening of a new state-of-the-art facility for its Technical Center in Pune, India. With a focus on developing safer, greener and more connected mobility solutions, the Aptiv Technical Center will play a pivotal role in shaping the future of mobility in India and around the world."India is a thriving economy with great growth potential and a highly skilled talent pool, making it an attractive market for expansion and investment, said Mr. Mattias Carlsson, Vice President, Global Engineering, Connection Systems & Electrical Distribution Systems, Aptiv. The new Technical Center in Pune demonstrates Aptiv's commitment to expanding its footprint in India.

Reliance group, will be dropped from Nifty50, other indices, on September 7, the stock exchange NSE said on Tuesday. NSE Indices Limited vide its press release dated July 17, 2023 had announced inclusion of Jio Financial Services Limited (JIOFIN or spun-off entity) on account of demerger of financial services business from Reliance Industries Limited (RELIANCE) in various indices effective from July 20, 2023 (close of July 19, 2023). After demerger, JIOFIN was listed on August 21, 2023 at the National Stock Exchange Ltd.

The Telecom Regulatory Authority of India has released recommendations on issues related to FM radio broadcasting including removal of linkage to non-refundable one-time entry fee and extension of the existing FM license period of 15 years by three years. Further, representatives of Association of Radio Operators for India (AROI), had raised issues for consideration of the authority, such as permitting private FM Radio channels to broadcast independent news bulletins and availability of FM radio receivers in mobile handsets.

Mint explains the current developments in the EV industry in the country: Even though the Indian EV industry is in its early stages, the growth plan under the ‘Make in India’ initiative aims to make the country a manufacturing hub for various sectors including the EV industry. The government aims to achieve 100% local production of EVs under this initiative.

The financial services sector is set for substantial growth in the next few years as several factors converge.