Mobile Financial News

Vanguard Group have cut the value of their holdings in ANI Technologies, the parent firm of ride-hailing startup Ola, to $3.5 billion – down over 50% from a peak of $7.3 billion – regulatory filings made by the investor with the US Securities and Exchange Commission (SEC) on Monday showed. The latest filing reflected Ola’s valuation as of May 31 in the investor’s books.

August 2023 supermoon, also known as the Sturgeon Full Moon, graces the night sky tonight, many photography enthusiasts may want to capture this celestial wonder on their mobile phones or cameras. However, photographing the moon presents unique challenges due to its distance and the difficulties of shooting in low-light conditions.

New Delhi: The commerce ministry on Tuesday issued fresh guidelines aimed at bolstering domestic tyre manufacturing industry, three years after imposing curbs on import of certain pneumatic tyres. The move comes as the Indian tyre industry experiences a surge in demand for both domestic sales and exports, driven by an increase in vehicle ownership and the rising mobility and industrialization.

Mahindra Thar EV is expected to have a quad-motor set-up. The concept electric vehicle (EV) is rumored to come equipped with crab steer or crab walk capability. This innovative feature allows all four wheels to turn to an almost 45-degree angle, enabling the SUV to maneuver sideways effortlessly into incredibly tight parking spaces.

Reliance Jio has once again outpaced its competitor Airtel in net subscriber addition. According to the latest data released by Telecom Regulatory Authority of India (TRAI), Jio added 30.4 lakh new users in the month of May. Airtel, on the other hand, added 13.3 lakh users during the same period.

Haryana Home Minister Anil Vij on Tuesday said the situation in Nuh, which saw clashes between two groups on Monday, was under control, adding that unidentified miscreants likely engineered and masterminded the violence. Speaking to on Tuesday, the minister said, «Internet services have been suspended (in Nuh district) and a curfew has been imposed. Adequate police deployments have been made at the scene as well.» He informed further that police contingents have also been deployed in the adjoining districts of Nuh — Faridabad, Palwal, and Gurugram — in light of the violence on Monday.

Reliance Jio continued to outpace Bharti Airtel in the race to grab Vodafone Idea's subscribers in the month of May according to the latest subscriber data released by the Telecom Regulatory Authority of India (Trai) Tuesday. The market leader added 3 million subscribers during the month as compared to 1.3 million added by its closest competitor Airtel. Vodafone Idea lost 2.8 million subscribers in May, data released by the sector regulator indicated. Jio's total subscriber base at the end of May was 436.3 million, Airtel's was 372.3 million while Vodafone Idea's customer base shrunk to 230.9 million. Jio's subscriber market share for May was 38.17% (37.90% in April) while Airtel commanded 32.57% (32.45% in April). Vodafone Idea further ceded market share to peers as its share decreased to 20.20% in May from 20.45% in April. Airtel's active user base grew to 100.09% (99.81% in April) in May while Jio saw active user base increase to 94.46% (93.99% in April). Vodafone Idea saw a marginal increase in active users at 88.88% in May as compared to 88.57% in April.

TPG Telecom has been quietly negotiating a multibillion-dollar sale and leaseback of its non-mobile fibre assets with Macquarie-backed rival Vocus in a bid to lighten its $6.2 billion debt load, Street Talk can reveal.

Telecom operators have installed over 3 lakh 5G mobile sites within 10 months of launch of the service, Union Telecom Minister Ashwini Vaishnaw said on Tuesday. The 5G sites have been installed across 714 districts.

Nuh chowk as around 80 vehicles and bikes carrying participants of the Brij Mandal Jalabhishek Yatra were prevented from advancing towards a Shiv temple in Nalhar. The clash resulted in the tragic deaths of two homeguards and left many others injured. Organized jointly by the Vishwa Hindu Parishad, Bajrang Dal, and Matrishakti Durgavahini, the yatra procession, consisting of approximately 2,000 people, was flagged off from Gurgaon's Civil Lines and was in its third year.

Nuh district of Haryana after communal clashes erupted between a group of young men and Vishwa Hindu Parishad (VHP) during a procession on Monday. The VHP had organized a ‘Shobha Yatra’ when stone pelting took place leaving several injured and three dead. Stones were pelted and cars set on fire during a religious procession in Haryana's Nuh adjoining Gurugram.

H2X Global, an Australian hydrogen fuel cell-powered vehicle company, will receive up to $86 million in capital over the next two years from Nebraska-based Verde Mobility as it targets commercial production by 2025.

Narendra Modi on Tuesday condoled the loss of lives in the tragic accident at Shahapur in Maharashtra and announced an ex-gratia of Rs 2 lakh for the next of kin of each of the deceased and an assistance of Rs 50,000 for the injured persons.Sixteen workers were killed and three injured as a crane fell on a bridge slab during construction of the third phase of Samruddhi Expressway in Shahapur tehsil of Thane district on Tuesday, an official said. «Three to five persons are still feared trapped and efforts are on to rescue them,» an NDRF official said. The injured have been shifted to nearby hospital, he added.

Nuh district of Haryana where two home guards were killed and more than 15 others injured including several policemen on Monday. Following the clashes, Gurugram and Faridabad district administrations announced that all schools, colleges, and educational institutes will remain closed on Tuesday here. Mobile internet services have also been suspended till August 2.

Haryana's Gurugram, District Information and Public Relations Officer, Gurugram stated on Monday. The order has been issued by District Magistrate Nishant Kumar Yadav. This came in the wake of clashes between two groups on Monday.

Foxconn may invest up to $500 million to set up a new unit near the Kempe Gowda international airport in Bengaluru to make smartphone accessories, multiple sources aware of the development told ET. The investment is likely to be done by Foxconn Industrial Internet (FII), a subsidiary of Foxconn. Earlier in the day, Foxconn Industrial Internet (FII), a subsidiary of Foxconn signed a memorandum of understanding with Guidance Tamil Nadu to establish a new manufacturing facility in Kancheepuram district for electronics components.

₹597.4 crore. In response, the court inquired whether the RP could mobilize such a substantial amount. The RP clarified that immediate refunds were not on the table, but instead, payments would be made gradually after resuming flight services based on cash flow and revenue.

The San Francisco prosecutor’s office has started laying out its murder case against a tech consultant charged in the stabbing death of Cash App founder Bob Lee

Dog meat consumption, a centuries-old practice on the Korean Peninsula, isn't explicitly prohibited or legalized in South Korea

On Monday, Blackberry (NYSE:BB) (TSX:BB) revealed that they were selected by the Mobility in Harmony (MIH) consortium, led by Foxconn (TW:2354), for their expertise in providing software and services for upcoming electric vehicles.

private airport operators are gearing up for a rush at airports this festive season. While BCAS (Bureau of Civil Aviation Security) has asked airports to increase security check in areas and to increase number of xray machines, CISF (Central Industrial Security Force) has committed additional manpower. Last week, Union Home Minister Amit Shah and Civil Aviation Minister Jyotiraditya Scindia met to review airport preparedness to avoid a situation of last year where many passengers missed their flights due to long check in queues.Zulfiquar Hasan, director general at BCAS said that he does not foresee a return of the massive congestion seen last year.