Mobile Financial News

Samsung is “cautiously optimistic” about the second half of the year which is expected to see increased sales due to the festive season starting August, a senior executive said. The Indian smartphone market leader’s business has grown faster than the industry in the first half of 2023, said Aditya Babbar, senior director of Samsung’s mobile experiences business in India. “We are excited about the festive season, but we are consciously watching the situation and how the market will pan out.

cluster munitions to Ukraine for the first time. This decision comes as Ukrainian forces are engaged in a challenging counteroffensive against invading Russian troops. The move has been met with strong criticism from human rights groups due to the inherent dangers posed by unexploded bomblets. However, the U.S. government has stated that it has received assurances from Kyiv that they will take steps to minimize the risk to civilians, including refraining from using the munitions in populated areas. These cluster munitions are part of a new military aid package worth $800 million that the U.S. plans to send to Ukraine. In addition to the cluster munitions, the package includes Bradley and Stryker armored vehicles, as well as various types of ammunition, including rounds for howitzers and the High Mobility Artillery Rocket System.

Telegram and Signal. The issue pits the app makers and the startup community against telcos. The Telecom Regulatory Authority of India (Trai) will also deliberate selective banning of OTT services during instances of civil unrest that has a broad impact.

₹22,000 crore through rights issue. The board of the public sector oil marketing major on Friday approved the raising of capital through rights issue. In a regulatory filing, the company said its board has approved “raising of capital by way of issue of equity shares on right basis upto an amount not exceeding ₹22,000 crore, subject to receipt of necessary statutory approvals as may be required".

New Delhi: India has set an ambitious target to produce 5 million metric tonne of green hydrogen by 2030, with 70% allocated for exports and the remaining 30% for domestic consumption, said Bhupinder Singh Bhalla, Secretary, ministry of new and renewable energy. The announcement was made during a press conference held alongside the International Conference on Green Hydrogen (ICGH-2023) to discuss India’s commitment to the development and deployment of green hydrogen.

Narendra Modi emphasised on Friday that infrastructure development is related to social justice and the efforts of his government in the last nine years to take projects like roads, railway lines, industries and even mobile connectivity to areas where poor, Dalits, backwards and tribals live has contributed to their well-being. Modi laid the foundation stone and dedicated various development projects worth Rs 7,500 crore in Raipur, Chhattisgarh on Friday. This includes five national highway projects, new railway line from Keoti to Anantgarh, IOC bottling plant at Korba, and flagged off the Antagarh-Raipur train. He also initiated the distribution of 75 Lakh Ayushman Bharat cards to the beneficiaries. In his speech, the prime minister said nine years ago, more than 20% of the villages in Chhattisgarh did not have any mobile connectivity but today this figure has come down to 6%. Farmers and laborers are the biggest beneficiaries of this. Modi also pointed out that most of these tribal villages where connectivity has improved were the ones ones affected by Naxalite violence.

Bengaluru: Expanded metro connectivity, new flyovers and high-density corridors are among several infrastructure projects the new Congress government in Karnataka has proposed in its first budget for the state capital. These projects are expected to help ease traffic congestion in Bengaluru, which has been dubbed the second slowest city in the world. Managing solid waste accumulated in landfills over the years and addressing the causes of floods in the city are among other focus areas the chief minister outlined in the state budget Friday.

NEW DELHI : Indian Oil Corp. Ltd (IOCL) plans to raise ₹22,000 crore via a rights issue. The board of the public sector oil marketing company (OMC) has approved the capital raising, the fuel retailer said in a regulatory filing on Friday The board approved “raising of capital by way of the issue of equity shares on rights basis up to an amount not exceeding ₹22,000 crore, subject to necessary statutory approvals", it said, adding that details such as the issue opening and closing dates and issue price would be made available later.

AI4Bharat, a start-up backed by Microsoft, is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter.The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are usually up to $1 million to $2 million. AI4Bharat, which is also backed by the Indian government, has been developing AI models for speech recognition and translation.

Stocks that traded heavily or had substantial price changes on Thursday: Genius Sports rises; JetBlue, Vimeo fall

Indian Oil Corp plans to raise up to Rs 22,000 crore through a rights issue as part of the government’s plan to fund three state-run oil marketing companies’ green ambitions, according to a stock exchange filing. The Board of Indian Oil on Friday approved the rights issue. The details will be announced later.

Trustees in a bid to safeguard unitholders' interest. In addition, the regulator said that a unit holder protection committee (UHPC) by the board of an AMC would be constituted. This is part of Sebi's attempt to have an independent review mechanism for the decisions of AMC from the perspective of the unit holders' interest across all products and services.

Tripura assembly Biswa Bandhu Sen on Friday suspended five opposition MLAs, including Roy Barman on the opening day of the budget session. Congress MLA and former Minister Sudip Roy Barman was suspended for the entire budget session, which began here on Friday, for making “derogatory remarks against ministers and treasury bench members”.

Eco-friendly crypto project ecoterra has hit a staggering milestone of $5.9 million in presale investment. 

are the way to go! Whether booking movie tickets online, transferring money to your friends or relatives, paying at a restaurant, and whatnot, a trouble-free solution is here that is taking the audience by storm. No wonder the finance industry has transformed, and the credit goes to fintech apps that make day-to-day activities simpler, more secure, and faster.

National Company Law Appellate Tribunal (NCLAT) had on 29 March handed out a mixed verdict on Google's alleged anti-competitive practices in the case - upholding a fine of ₹1,338 crore but scrapping conditions like allowing hosting of third-party app stores on its play store. The NCLAT had struck down anti-trust regulator order that had said Google will not restrict the removal of its pre-installed apps by the users.

Narendra Modi on Friday inaugurated and laid foundation stones of eight projects worth around Rs 7,600 crore in Chhattisgarh capital Raipur and said the Centre has been providing modern facilities to those facing injustice for decades. During an event held at the Science College ground here, PM Modi also virtually flagged off a new train between Antagarh in Kanker district and Raipur and kickstarted the distribution of cards of the Centre's Ayushman Bharat scheme to beneficiaries in the state.Assembly elections in Chhattisgarh are due by the end of this year.

Reliance Jio has introduced a budget-friendly 4G phone called 'Jio Bharat' at an affordable price of ₹999. The phone's sales commenced on July 7th, and Reliance Jio aims to eliminate 2G technology from India through the widespread adoption of this device. The Jio Bharat Phone is specifically targeted towards individuals who are unable to afford expensive smartphones but still rely on basic features.

Wordle is an amazing word puzzle game. It has become very popular amongst word puzzle games worldwide. Wordle can be played online as it is an internet-based game. It can be played on mobile browsers or PCs. Engineer Josh Wardle designed the game, Wordle requires you to decipher a five-letter word in six attempts. Every wrong entry costs a chance. Josh Wardle designed it for his family initially and later it was bought by The New. York Times. Wordle is accessible to people through NYT Website. It does not require any fishy sign-ins or log-ins. Earlier a vocabulary of previously played Wordle challenges was available on the website but now it has been taken off.

Citigroup has named new leaders within its European industrials coverage team in the latest shake-up of its dealmaking team after one of its senior bankers stepped down.

Chandrayaan-3 on July 14. Isro has announced that spectators can witness the launch from the Launch View Gallery at SDSC-SHAR, Sriharikota. Interested individuals can register at the registration link — lvg.shar.gov.in/VSCREGISTRATIO for an exclusive viewing experience.