Mobile Financial News

Godawari Electric Motors has announced the launch of its first electric two-wheeler, the Eblu Feo. The Feo has debuted with an introductory price of Rs 99,999, ex-showroom. Armed with a 2.52 kWh battery, the EV promises a 110-kilometre range. The battery is also said to be water- and dust-resistant.

SanchiConnect, a community focused on deeptech startups, investors and corporations, unveiled its PreSeed Accelerator's latest milestone in driving innovation and sustainability. Six exceptional startups have been selected for acceleration and capital infusion of INR 75 Lac, coupled with 100 days of focused market access support, through the pioneering PreSeed Accelerator program. This initiative is set to catapult the development of innovative solutions in the realm of green mobility. The program received 552 applications from all over the country, of which 6 startups after 75 days of intense screening and diligence were picked for investments.

luxury sports car maker Porsche AG expects around 80 per cent of its sales in India to come from fully electrified vehicles by 2030 and is lining up three such new vehicles to be introduced here early next year, a senior company official said on Tuesday. The company, which sells a range of luxury sports cars and SUVs priced between Rs 88 lakh and Rs 4.26 crore, is targeting GenZ customers, start-up entrepreneurs and women as it seeks to strengthen brand presence in India, Porsche AG Executive Board Member for Sales and Marketing Detlev von Platen told PTI in an interview. Porsche, however, has no plans in the short to medium term to locally assemble its vehicles in India, as it is focusing on establishing and strengthening the brand in India. «We announced that we want to be net carbon neutral by 2030. So, coming from a car manufacturer, which is more sporty-oriented, it was interesting to hear (that).

Also Read: PSU Banks Q1 results update: PNB, SBI lead as lenders on a strong footing, double the bottomline Credit growth momentum is expected to continue to remain healthy primarily led by retail and SME segments. “We believe banks will continue to focus on deposit mobilization, keeping competitive intensity high. Deposit mobilization remains a key lever to support banks’ superior credit growth.

Data Observatory today. The survey found more the majority of Indian small businesses plan to implement marketing activities for their website, including advertising on social media platforms (77%), creating a responsive design for their website (70%), positioning the company better on search engines (70%), and monitoring the traffic of their pages (68%). GoDaddy’s Data Observatory finds 48% of small businesses in India, who currently do not have a business website, plan to build one within the next three months and 43% plan to do it in the next year. This underscores the continued importance of social media and creating a holistic digital marketing strategy.

Seema Haider, a Pakistani national, a similar tale has emerged, this time involving a woman from Bangladesh. Sonia Akhtar, the woman in question, has made her way to India, specifically Noida, along with her infant son. Her mission: to find her alleged Indian husband, who she claims has deserted her. Residing in Noida for the past eight days, Sonia Akhtar recounts her story.

CarTrade Tech share price rallied more than 6% on Tuesday, with the stock hitting an intraday high of ₹518.00 apiece on the BSE. The gains in CarTrade Tech shares came after analysts maintained their positive view on the company’s acquisition of Sobek Auto India Private Limited, which includes OLX classifieds platform as well as OLX Autos C2B transactions business.

In the first case involving the SEC's amended marketing rule, Tian has agreed to pay over $1 million to settle the charges, without admitting or denying the findings.According to the SEC, between August 2021 and October 2022, Titan, which offers multiple complex strategies to retail investors through its mobile trading app, made misleading statements on its website regarding hypothetical performance, including by advertising “annualised” performance results as high as 2,700% for its crypto strategy.The regulator says the adverts were misleading because they failed to include material information, for example, that the hypothetical performance projections assumed that the strategy’s performance in its first three weeks would continue for an entire year.The order also found that Titan made conflicting disclosures to clients about how it custodied crypto assets.Osman Nawaz, chief of enforcement’s complex financial instruments unit, SEC, says: "The Commission amended the marketing rule to allow for the use of hypothetical performance metrics but only if advisers comply with requirements reasonably designed to prevent fraud."Titan’s advertisements and disclosures painted a misleading picture of certain of its strategies for investors.

Ashok Leyland’s wholly-owned net zero e-mobility arm told Mint in an exclusive interview. According to Babu, India’s rate of procurement of e-buses lags its requirements, and should ideally double by 2030 to replace polluting internal combustion-engine buses on the road.

Meta Platforms plans to launch a web version of microblogging app Threads early this week, the biggest new feature to be introduced on its competitor to Elon Musk’s X. The desktop version would address one of the biggest of a long wish list of features users have sought for Threads. The text-first social-media app appeared on track to be a smash hit out of the gate when Meta launched a bare-bones version in early July, but use of it has plunged in recent weeks.

By Milana Vinn and Anirban Sen

Paytm, filed its annual report for 2022-23 with the stock exchanges on Monday, August 21. India’s leading payments and financial services company and the pioneer of QR and mobile payments The company’s founder and CEO Vijay Shekhar Sharma has also written a letter to shareholders.

Hyderabad (Telangana) [India], August 21: City-based multi-brand mobiles retail chain Big-C Mobiles has targeted a turnover of Rs. 1,500 crore in the current financial year. The company achieved Rs.

Fixed Deposit is a common investment option in India, attracting investors with their stability and assured returns. When you invest in an FD, you deposit a lump sum with a financial institution for a fixed tenure at a pre-decided interest rate. Here are some of the perks of investing in FDs: 1. Guaranteed Returns: FDs offer assured returns at a fixed interest rate, which is determined when you open the deposit.

(Reuters) -Industrial materials maker DuPont (NYSE:DD) De Nemours said on Monday it has agreed to sell an 80.1% stake in its Delrin resins unit to private equity firm TJC, formerly known as The Jordan Company, in a deal that values the business at about $1.8 billion.

Paytm on Monday said it is investing in AI to build an Artificial General Intelligence software stack. In the annual report for FY23, the company's CEO Vijay Shekar Sharma said Paytm pioneered mobile payments in India and led mass adoption with innovations like QR Codes and Soundbox. He said Paytm’s next contribution will be small mobile credit with high credit quality and fully compliant with the regulators guidelines.

Kerala police on Monday launched a full-fledged investigation into the alleged impersonation and cheating by two persons from Haryana in a test conducted by ISRO for recruiting technical staff for the Vikram Sarabhai Space Centre (VSSC). Police said they have urged VSSC to cancel the test. As more than 400 candidates from a single state — Haryana — had taken the test, there are suspicions over whether coaching centres may be involved.

In the inaugural segment of the awards night at the Grand Felicitation Ceremony held in Mumbai on August 4 — which marked the culmination of the six-month-long ETPrime Women Leadership Awards (ETPWLA) 2023 programme — jury member and Managing Partner, Blume Ventures, Karthik Reddy felicitated Pratibha Priyadarshini, VP and Head of HR, Shell India, as the winner in the HR Leader of the Year award category. Esteemed personalities, ETPWLA jury members, veteran leaders from India Inc and dignitaries from across the realms of services, governance and social advocacy and beyond were present at the awards night, which celebrated 19 winners across 15 award categories.

BPSC) recently invited applications for over 1.70 lakh primary, secondary, and higher secondary schoolteacher posts. While there was a tremendous response for schoolteacher posts, there were not many applicants for the higher secondary teacher jobs, according to a report in the Times of India. As per the report, in total, 8.15 lakh aspiring educators have applied for the total of 1.7 lakh positions.

Canara Bank on Monday launched UPI Interoperable Digital Rupee mobile application as a part of the Reserve Bank of India's Central Bank Digital Currency (CBDC) pilot project.Canara Bank is the first Bank among public and private sector banks to introduce this feature in Bank’s CBDC mobile app called 'Canara Digital Rupee app'. «With the introduction of this feature, customers will be able to scan merchant UPI QR codes using the app and make the payment through digital currency. Further, this feature empowers the merchants to accept digital currency payments using their existing UPI QR codes in addition to the UPI based payments without the requirements of a separate on boarding process for CBDC,» the company said in a release. «The launch of Canara Bank Digital Rupee mobile application enabled with UPI Interoperability is a revolutionary step towards digitalizing the Indian economy. He expressed pride in the launch of the app, which will enable customers to enjoy the benefits of fast and secure transactions with digital currency devised by RBI,» said K Satyanarayana Raju, the Managing Director and CEO of Canara Bank. The application is available for both Android and iOS users. The digital currency is a legal tender as per RBI regulations, and the launch of this app is a significant step towards the adoption of digital currency in India, as per the bank.Features of the application

leadership of Prime Minister Narendra Modi, has also begun and promoted the Startup India Initiative to help aspiring entrepreneurs. It has also launched various schemes to train as well as provide technical support, financial assistance, subsidies, and other services to budding entrepreneurs to fuel their growth and mark their presence in the market. PM Modi, in his recent Independence Day speech, explained that the MUDRA Yojana has enabled crores of citizens to become entrepreneurs with a budget of over 20 lakh crore rupees and thus also be job creators for others.